Gateshead: This Is Your Rent Value Changes for March 2024 - July 2024

Read Our Gateshead Property Market Update for June 👇

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.

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

If you’re interested in valuing your property for sale, 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.

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