𝗥𝗲𝗮𝗱 𝗢𝘂𝗿 𝗝𝘂𝗻𝗲 𝗦𝗮𝗹𝗲𝘀 & 𝗥𝗲𝗻𝘁𝗮𝗹 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 👇

As you can see above Gateshead is a very strong sales market, at the moment, up 5.3% over the last 3 months compared to a national increase of 2.3% and a regional increase of 4.6%. 

We’re seeing this within our agency having accepted 8 offers just last week, a record, highlighting the strong demand we’re seeing.

The graph above shows the relative strength of the Gateshead market, the darker the colour the stronger the sales increase over the last 3 months.

An area we’ve found to be especially strong is Felling where we recently sold a 2 bed flat on Stuart Terrace, achieving 9% over the asking price for £65,000 within just 14 days of listing.

For investors Felling and Gateshead offers a unique blend of owner/occupier and rental properties. Investors can find excellent opportunities with 2–3-bedroom family homes available for long-term rental tenants at reasonable prices, coupled with an outstanding rental return and yields exceeding 10%.

At NGU Homes, our expertise in the sales market ensures we deliver exceptional results for our clients, consistently maximizing the value of their investments.

Gross yield is your annual rent divided by the value of the property – the higher the yield the better the return (the darker the colour in the map below the higher the return).

If you look below the best areas to invest are:

Bensham

Felling

Mount Pleasant

Deckham

You can pick up a 2-bed flat for £60k - £80k which will rent for £650 - £750 pcm.

Similarly, rental values in Gateshead have experienced a more significant increase compared to the broader North-East region over the past three months.

Currently, average rental prices in Gateshead range from £600 to £900 per calendar month.

In the past week, our rental team has successfully let 8 properties at increased rental rates, including areas such as Lobley Hill and Dunston in Gateshead.

We recently let a 2-bedroom flat in Saltwell/Bensham NE8 for £700pcm, which is £50pcm higher than the rental rate from the previous year, the market is still hot.

At NGU Homes, we pride ourselves on our comprehensive understanding of the local rental market and our commitment to maximizing returns for our landlords.

If you’re interested in valuing your property for sale or rent, we have a user-friendly instant valuation tool, where you can receive an estimate of your property's value / rent within minutes.

Simply visit our website or click the button below, enter your property details, and get an instant valuation at your fingertips.

NGU Homes Instant Valuation