# 2 bedroom terraced house for sale (NE6 2JP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 4 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR NE6 2JP |
| Price | £60,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £65,000 Sep 2021 |

## Description

This 2 bedroom house for sale on Gillies Street, Byker.Located in an area close to a number of amenities including schools, shops and transport links.

Internally the property comprises, lounge, kitchen, 2 bedrooms and bathroom/WC.

Additional benefits include gas central heating and double glazing.

## Property Photos

- ![Photo 1](/listings/photos/83276741/422486) - Photo 1
- ![Photo 2](/listings/photos/83276741/422487) - Photo 2

## EPC Graphs

- ![Energy Perform...](/listings/photos/83276741/422488) - Energy Perform...

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 4 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £65,000 | 29/09/2021 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 58 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £130,000 | 22/04/2024 | Semi-detached |
| 109 SCARBOROUGH ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2RT | £78,000 | 23/10/2023 | Terraced |
| 62 CANTERBURY STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JD | £55,000 | 03/10/2023 | Terraced |
| [Same street] 29 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £72,000 | 28/09/2023 | Flat |
| [Same street] 10 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £105,000 | 27/07/2023 | Terraced |
| 87 SCARBOROUGH ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2RT | £130,000 | 16/12/2022 | Terraced |
| 7 VILLAGE PLACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2QF | £80,000 | 18/11/2022 | Terraced |
| 6 BENSON PLACE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2QT | £92,500 | 28/10/2022 | Terraced |
| 25 DUNMORLIE STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JL | £121,000 | 14/10/2022 | Terraced |
| 253 BENSON ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2SD | £50,000 | 01/09/2022 | Terraced |
| [Same street] 60 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £120,000 | 26/08/2022 | Semi-detached |
| [Same street] 23 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £39,950 | 22/07/2022 | Flat |
| 58 MORTON STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JH | £72,000 | 06/05/2022 | Terraced |
| 4 RENWICK STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JE | £100,000 | 04/05/2022 | Terraced |
| 252 GRACE STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2RR | £100,000 | 29/04/2022 | Terraced |
| [Same street] 7 GILLIES STREET, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2JP | £135,000 | 06/04/2022 | Other |
| 1 TUNSTALL AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE6 2RS | £85,000 | 13/07/2021 | Terraced |

**Street average:** £100,325 (6 sales)
**Area average:** £87,591 (11 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £216,701 (48 Terraced, NE6, 2024–2026)
- **Deviation:** -72.3%

## Rental Range

*ONS Price Index of Private Rents (Newcastle upon Tyne). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,084/mo
- **Realistic:** £1,204/mo
- **Optimistic:** £1,324/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, Saint Lawrence Road, NE6 | £1,045/mo | 2 | 0.54 miles | OpenRent |

**Average rent: £1,045/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.74% (strong)
- **Max investor price (0.8%):** £130,625
- **Target investor price (1%):** £104,500

*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 £1,045/mo).*

- **Gross yield:** 20.9%
- **Cost-to-rent:** 4.8×
- **Monthly cashflow:** £679/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 46.8%

*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:** 19.9%
- **10y growth:** 46%

## House Price Index (HM Land Registry)

*Official index for Newcastle upon Tyne; Terraced series; as of March 2026.*

- **1y growth (index):** 1.5%
- **5y growth (index):** 22.8%
- **10y growth (index):** 39.8%

## 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)