Sold STC Flat

36

THE GRAINGER, NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR NE8 2BG

2 beds 1 baths 667 sq ft Listed 30 Apr 2025 (-423d)

£130,000

Offers Over

Reduced on 21 Jul 2025

Save

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13

/ 13

Property details

Tenure

LEASEHOLD (127 years remaining on lease)

Floor area

62 m²

Council tax band

B

EPC rating

C

Year built

England and Wales: 1996-2002

Last sold

£125,000 Mar 2026

Price per m²

£2,097/m²

Local average

£94,319 (+37.8%)

Deprivation

Decile 3 (8,953 of 33,755)

Street crime

403 incidents within 1 mile (Apr 2026)

Key features

  • Fifth Floor Apartment
  • Two Bedrooms
  • Stunning Views Across The River Tyne
  • Allocated & Visitor Parking
  • Lift Access
  • Secure Intercom Entry System
  • Popular Location
  • Ideal First Time Buy or Investment

Additional details

Parking
Residents
Listed property
No
Restrictions
No
Required access
No
Rights of way
No
Flooded in last 5 years
No
Flood defences
No

Description

Jan Mitchell Properties are delighted to welcome to the market this stunning fifth floor apartment in the popular Staiths development on the banks of the River Tyne. A well propertied two bedroom apartment, boasting a spacious open plan living space with fantastic river views.

Internally the property is well presented throughout and is very much ready to move into, briefly comprising:- Communal entrance hall with lift access, private entrance vestibule leading to the hallway with storage cupboard, two good sized bedrooms, a recently fitted stylish three piece bathroom WC, and open plan living space finishes off the apartment benefitting modern kitchen area with fitted wall and floor units, dining area, and lounge area that offers some of the most incresdible views of the famous River Tyne.

Externally there is allocated covered parking bay, visitor parking and well kept communal gardens.

Location
Situated in the sought after residential complex of The Staiths on the south bank of the River Tyne. Ideally situated for access to local amenities and facilities as well as providing road and transport links to Gateshead, Newcastle, Team Valley Trading Estate and the Metrocentre.

Measurements
Lounge - 4.26 x 4.19
Kitchen - 2.13 x 3.17
Bedroom One - 3.27 x 4.69
Bedroom Two - 2.06 x 3.10


IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

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.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: B (Gateshead Council)
Tenure: Leasehold (127 years)
Ground Rent: £68.41 per year
Service Charge: £245 per month
127 years left. 150 years from 2002.

Listed by

Covering North East

Jan Mitchell Ltd Trading as Jan Mitchell Properties

Reference: 161326469

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 07/05/2025

Expiry date: 06/05/2035

Current heating cost: £651/year

Potential heating cost: £392/year

Est. upgrade cost to C: £1,950

Recommendations

  • Party wall insulation (£300 - £600)
  • High heat retention storage heaters (£1,200 - £1,800)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC

EPC

Price history

-4% since 2005

Event Date Price % change
Sold 23/03/2026 (3 months ago) £125,000 +5%
Sold 06/03/2020 (6 years ago) £119,000 -8.5%
Sold 30/09/2005 (20 years ago) £130,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
JUNE COURTYARD 17 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2DH £109,000 09/01/2026 Flat
SEPTEMBER COURTYARD 7 SUMMERS PASS, GATESHEAD, TYNE AND WEAR, NE8 2DZ £90,000 09/01/2026 Flat
OCTOBER COURTYARD 12 FALL PASS, GATESHEAD, TYNE AND WEAR, NE8 2BQ £122,000 05/12/2025 Flat
OCTOBER COURTYARD 12 FALL PASS, GATESHEAD, TYNE AND WEAR, NE8 2BQ £126,000 22/09/2023 Flat
JULY COURTYARD 16 SUMMERS PASS, GATESHEAD, TYNE AND WEAR, NE8 2DX £135,500 18/08/2023 Flat
THE STEPHENSON 8 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BF £137,000 09/08/2023 Flat
JUNE COURTYARD 18 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2DH £105,000 07/08/2023 Flat
THE ARMSTRONG 32 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £144,000 28/07/2023 Flat
THE STEPHENSON 7 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BF £139,950 31/05/2023 Flat
THE ARMSTRONG 66 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £140,000 03/03/2023 Flat
THE STEPHENSON 6 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BF £148,000 10/02/2023 Flat
THE ARMSTRONG 41 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £111,000 22/12/2022 Flat
THE ARMSTRONG 57 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £148,000 12/12/2022 Flat
THE GRAINGER 49 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG £133,500 02/12/2022 Flat
THE ARMSTRONG 67 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £155,000 21/11/2022 Flat
AUGUST COURTYARD 16 NORTH SIDE, GATESHEAD, TYNE AND WEAR, NE8 2DL £122,500 04/11/2022 Flat
THE GRAINGER 4 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG £145,000 29/09/2022 Flat
THE GRAINGER 16 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG £137,500 23/09/2022 Flat
DECEMBER COURTYARD 22 CHRISTMAS PLACE, GATESHEAD, TYNE AND WEAR, NE8 2BS £110,000 07/07/2022 Flat
THE ARMSTRONG 31 TYNEMOUTH PASS, GATESHEAD, TYNE AND WEAR, NE8 2GW £133,000 24/06/2022 Flat

Area average: £129,598 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 7.2%
10y growth -2.8%

House Price Index (HM Land Registry — official index, not sold-price averages): Gateshead. Series: Flats and maisonettes. As of March 2026.

1y (index) -2.2%
5y (index) 5.8%
10y (index) 21.2%

Rental Range

Estimated market rent for Gateshead. Low = conservative, Realistic = average, Optimistic = best case.

Low £711/mo
Realistic £790/mo
Optimistic £869/mo

Based on Local Authority from postcode lookup → Gateshead.

LHA (30th percentile) floor for Tyneside: £549/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop ROSE STREET-N/B 0.1 miles
Bus stop Team Street 0.1 miles
Shop Team Super Save 0.3 miles
Shop Nixon Hire 0.3 miles
Train station Dunston 0.8 miles
Train station Newcastle 0.9 miles
University Campus for Ageing and Vitality 1.6 miles
Hospital St Nicholas Hospital 3.3 miles
University Northumbria University Coach Lane Campus 4.0 miles
Hospital Holmeside and Parkway Medical Groups 4.4 miles

Street-level crime

Category Count
Violence and sexual offences 140
Anti-social behaviour 79
Criminal damage and arson 41
Other theft 25
Public order 25
Other crime 21
Shoplifting 17
Burglary 16
Vehicle crime 13
Theft from the person 9
Robbery 7
Drugs 6
Bicycle theft 3
Possession of weapons 1
Total incidents 403

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Aidan's Church of England Primary School Primary 0.4 miles Good — 17 Jul 2022
Eslington Primary School Other 0.4 miles Outstanding — 2 May 2017
NCG Other 0.6 miles (No rating)
Bensham Grove Nursery School Nursery 0.6 miles Outstanding — 28 Nov 2013
St Philip Neri Catholic Primary School, Dunston Primary 0.6 miles Good — 21 May 2012

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Ashfield Close, NE4 £880/mo 2 0.71 miles OpenRent
2 Bed Semi-Detached House, Village Heights, NE8 £1,250/mo 2 0.73 miles OpenRent
2 Bed Flat, Coatsworth Road, NE8 £600/mo 2 0.75 miles OpenRent
2 Bed Flat, Elswick Road, NE4 £800/mo 2 0.88 miles OpenRent

Average rent: £883/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.65%
Max investor price (0.8%) £105,000
Target investor price (1%) £84,000
Gross yield 7.8%
Cost-to-rent ratio 12.9×
Monthly cashflow £219/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 7%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).