Property Market Update Gateshead

Gateshead continues to outperform the national market for sales. Over the last 12 months, prices have increased by 4.5% vs the national average of 2.3%.

As you can see below the hottest areas are in NE8, sales prices in areas are up 6% over the last 12 months, and sellers are seeing a pretty buoyant market.

The biggest driver of growth in Gateshead, though, is the rental market. It's up 6.6% over the past year vs. 5.5% nationally. Areas in NE8 are growing by as much as 10%, and we can see that with properties we've recently rented.

NE8 - HOT! HOT! HOT!

Rodsley Avenue, NE8: This 2-bedroom ground-floor flat previously rented for £630pcm, increasing to an impressive £750pcm in 2024, reflecting strong rental growth.

East Hill Road, NE8: A 2-bedroom apartment that rented for £570pcm in 2022 saw a boost to £625pcm in 2024, showcasing consistent growth in the area.

Why Invest in NE8?

Property values range from £75,000 for 2-3 bedroom flats, offering a prime investment opportunity with 10% rental yields and reliable rental demand. This is an ideal location for investors seeking strong returns and growth potential.