61 Westminster Street, Gateshead
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61 Westminster Street, Gateshead

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We have confidence in this estimated current valuation Updated recently
£18,200
Or £118 per month to rent Powered by AVM
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Transaction history

Listing history

For Sale
Feb 27, 2025
£60,000
For Sale
Feb 27, 2025
£70,000

Property Description

Data accuracy has been checked and verified for this property.

Our analysis

Welcome to 61 Westminster Street, Gateshead, a cozy and compact flat type home with 2 bed in the NE8 4QE area. This lovely residence, which comes with a leasehold tenure, and sits comfortably in tax band .

This classic property was built 1900-1929 and has a reported internal area of 70 internal square metres The local area is known for its high value-to-quality ratio - with a market valuation of £18,200 and a rental potential of £118 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to Feb 27, 2025. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

"
PUBLIC NOTICE We advise that an offer has been made for the above property in the sum of ยฃ57,500. Any persons wishing to increase on this offer should notify Agent of their best offer prior to exchange of contracts best offer prior to exchange of contracts

Ground floor flat that can be sold with a tenant in situ OR with vacant possession i.e. to an owner occupier.

Tenant is currently paying ยฃ500pcm giving a gross yield of 8.57% against the asking price.

The flat has a valid EPC until March 2034 at Grade D, Gas Safety Certificate until April 2025 and EICR expires out in April 2029.

We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from December 1990 leaving approx. 965 years remaining at the date of listing. We understand no service charge or ground rent is payable Full details will be confirmed by solicitors .

Comprises entrance lobby, hallway with under stairs cupboard, front double bedroom, rear bedroom, lounge, kitchen, bathroom.

Private rear yard.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month s rent is required. Rent is to be paid one month in advance. It is the tenant s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240125 2"

Property Data

Data point Compared to road

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £83 Try Mortgage Tracker
Energy £959 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
Keser Girls' School
0.1mi
Gateshead Jewish Nursery School
0.1mi
Haskel School
0.1mi
Tashbar Boys' Nursery School
0.1mi
St Joseph's Roman Catholic Voluntary Aided Primary School Gateshead
0.1mi
Nearby Stations
Newcastle Station
1.0mi
Manors Station
1.1mi
Dunston Station
1.3mi
Heworth Station
2.0mi
MetroCentre Station
2.4mi

Comparable properties

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Photos

Strengths and Opportunities

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Renovation improvements

๐Ÿค”
New Kitchen
This could increase your home value by £15,000
๐Ÿค”
New Bathroom
This could increase your home value by £5,000
๐Ÿค”
Air Conditioning
This could increase your home value by £7,000
๐Ÿค”
New Windows
This could increase your home value by £10,000
๐Ÿค”
Greener Home
This could increase your home value by £5,000

Cost improvements

๐Ÿค”
๐Ÿค”
Suggestion: Switch energy provider
Click here to view providers

Strengths

๐Ÿ˜€
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

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Frequently asked questions

  1. How much is 61 Westminster Street, Gateshead worth?

    61 Westminster Street, Gateshead is now worth £18,200 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for 61 Westminster Street, Gateshead - click click here to get a valuation with no strings attached.

  2. What is the rental value of 61 Westminster Street, Gateshead?

    The current rental valuation for this property is £118 per month, within a price range of £106 and £130.

  3. How many bedrooms does 61 Westminster Street, Gateshead have?

    This property has 2 bedrooms. Search for nearby properties with 2 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to 61 Westminster Street, Gateshead?

    Nearby schools in include Keser Girls' School, Gateshead Jewish Nursery School, Haskel School, Tashbar Boys' Nursery School, St Joseph's Roman Catholic Voluntary Aided Primary School Gateshead

    Nearby stations in include Newcastle Station, Manors Station, Dunston Station, Heworth Station, MetroCentre Station.

  5. What type of property is 61 Westminster Street, Gateshead

    This is a Flat property. There are 43 other Flat properties on WESTMINSTER STREET, and 65 in total.

  6. When was 61 Westminster Street, Gateshead built? How old is 61 Westminster Street, Gateshead?

    61 Westminster Street, Gateshead was was built between 1900-1929.

Breadcrumbs

Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

Nearby locations

Newcastle Upon Tyne, Tyne And Wear Gateshead, Tyne And Wear Newcastle Upon Tyne, Northumberland Blaydon-on-tyne, Tyne And Wear Bedlington, Northumberland Cramlington, Northumberland Blyth, Northumberland Whitley Bay, Northumberland Whitley Bay, Tyne And Wear Wallsend, Tyne And Wear North Shields, Tyne And Wear Hebburn, Tyne And Wear Jarrow, Tyne And Wear South Shields, Tyne And Wear Boldon Colliery, Tyne And Wear East Boldon, Tyne And Wear Washington, Tyne And Wear Rowlands Gill, Tyne And Wear Ryton, Tyne And Wear Wylam, Northumberland Prudhoe, Northumberland Stocksfield, Northumberland Riding Mill, Northumberland Corbridge, Northumberland Hexham, Northumberland Haltwhistle, Northumberland Morpeth, Northumberland Choppington, Northumberland Ashington, Northumberland Newbiggin-by-the-sea, Northumberland Alnwick, Northumberland Chathill, Northumberland Seahouses, Northumberland Bamburgh, Northumberland Belford, Northumberland Wooler, Northumberland