# 2 bedroom apartment for sale (NE8 2BG) ## Property Details | Key | Value | |-----|-------| | Address | 36, THE GRAINGER, NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR NE8 2BG | | Price | £130,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | B | | Last sold | £125,000 Mar 2026 | ## 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. ## Property Photos - ![Photo](/listings/photos/161326469/740885) - ![Photo](/listings/photos/161326469/740886) - ![Photo](/listings/photos/161326469/740887) - ![Photo](/listings/photos/161326469/740888) - ![Photo](/listings/photos/161326469/740889) - ![Photo](/listings/photos/161326469/740890) - ![Photo](/listings/photos/161326469/740891) - ![Photo](/listings/photos/161326469/740892) - ![Photo](/listings/photos/161326469/740893) - ![Photo](/listings/photos/161326469/740894) - ![Photo](/listings/photos/161326469/740895) - ![Photo](/listings/photos/161326469/740896) - ![Photo](/listings/photos/161326469/740897) ## Floorplans - ![Floorplan 1](/listings/photos/161326469/740898) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/161326469/740899) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | THE GRAINGER 36 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG | £125,000 | 23/03/2026 | Flat | | THE GRAINGER 36 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG | £119,000 | 06/03/2020 | Flat | | THE GRAINGER 36 NORTH WEST SIDE, GATESHEAD, TYNE AND WEAR, NE8 2BG | £130,000 | 30/09/2005 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £94,466 (59 Flat, NE8, 2024–2026) - **Deviation:** +37.6% ## Rental Range *ONS Price Index of Private Rents (Gateshead). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £711/mo - **Realistic:** £790/mo - **Optimistic:** £869/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £549/mo ## 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, Elswick Road, NE4 | £800/mo | 2 | 0.88 miles | OpenRent | **Average rent: £800/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.62% (weak for cashflow) - **Max investor price (0.8%):** £100,000 - **Target investor price (1%):** £80,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £800/mo).* - **Gross yield:** 7.4% - **Cost-to-rent:** 13.5× - **Monthly cashflow:** £183/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 5.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 13.6% - **10y growth:** -6.1% ## House Price Index (HM Land Registry) *Official index for Gateshead; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -2.2% - **5y growth (index):** 5.8% - **10y growth (index):** 21.2% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)