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Rodsley Avenue, Gateshead, NE8

North East

£45,000Guide Price

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Flat
Area
643 sqft

Description

This two-bedroom flat presents a compelling opportunity for both investors and first-time buyers looking to enhance their property’s value in a desirable area near Saltwell Park. The space includes a generously sized lounge, a separate kitchen, two well-sized bedrooms, and a family bathroom – all of which require some updating. This offers an ideal canvas for personalization and modernization. Each room benefits from ample natural light, contributing to a comfortable living environment. The property also features a private entrance and small yard, suitable for extra storage or as a peaceful retreat. With convenient access to local amenities and transport links, this flat serves as a promising foundation for creating an inviting home or securing a profitable rental investment. The property is offered with no onward chain, ensuring a smooth purchase process for those ready to act quickly.

Investment analysis

(NE8 area)

Below Market Value

This property is priced -57.6% below area average per sq ft

-57.6%
Potential saving
This Property
£70/sq ft
Area Average
£165/sq ft
Avg Rent (weekly)
£213
Avg Yield
8.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£116,811
10% above area average per sq ft
Potential ROI
+66.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE8)

Area prices are falling by -4.7% over the last 12 months
3 year growth: +1.2%
5 year growth: +3.7%
Investment Disclaimer: Analysis based on NE8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rodsley Avenue, Gateshead, NE8
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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