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Foster Drive, Gateshead, NE8
For saleReduced 27 Oct 2026
£83,000Offers over

Foster Drive, Gateshead, NE8 3JG

2bedrooms
1bathroom
Flattype
608sq ft
Leaseholdtenure

Listed 24 Jan 2025 · price reduced 27 Oct 2026 · Gateshead

How the price compares

This home£83,000£137 per sq ft
Median 2 bed in NE8£120k92 homes listed · £165 per sq ft
Difference-31%below the area median

Key features

  • Investment Opportunity
  • Well Maintained Property
  • Easy Access to Local Amenities
  • Buy-to-Let Opportunity
  • Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

About this home

Our latest listing is a 2-bedroom Flat in Gateshead. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a lounge, a bathroom, and a kitchen.

Investment details

It currently produces an annual gross income of £9,588 which the new owner could increase to a market rate of £10,200 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not intend to move out so they hope to remain in the property.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Property details

Property type
Flat
Size
608 sq ft / 57 sq m
Tenure
Leasehold
Lease remaining
102 years left

Floorplan

Floor Plan

Location

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  • Gateshead Stadium Tram Stop0.1 mi
  • Felling Metro Station0.6 mi
  • Byker Metro Station1.2 mi

What nearby homes sold for

Median sold prices in NE8 over the last 12 months: flat £107k · terraced £176k · semi-detached £165k · detached £240k.

AddressTypeSoldPrice
33 Foster Drive
Gateshead NE8 3JA		Flat
Leasehold		15 Jul 2026£95,000
21 Foster Drive
Gateshead NE8 3JA		Flat
Leasehold		28 Nov 2025£107,000
52 Foster Drive
Gateshead NE8 3JG		Semi-detached
Freehold		29 Sept 2025£142,000
35 Foster Drive
Gateshead NE8 3JA		Flat
Leasehold		19 Sept 2025£90,000
61 Foster Drive
Gateshead NE8 3JA		Terraced
Freehold		31 Mar 2025£215,000
66 Foster Drive
Gateshead NE8 3JG		Flat
Leasehold		15 Jan 2025£87,000
91 Foster Drive
Gateshead NE8 3JA		Flat
Leasehold		19 Sept 2024£90,000
18 Foster Drive
Gateshead NE8 3JG		Flat
Leasehold		3 Sept 2024£85,000
43 Foster Drive
Gateshead NE8 3JA		Flat
Leasehold		28 Aug 2024£88,000
72 Foster Drive
Gateshead NE8 3JG		Flat
Leasehold		22 Aug 2024£90,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in NE8

Buying costs

Monthly repayment£415£8,300 deposit · £74,700 loan
Stamp Duty£0England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Let Property Sales & Management, Glasgow on Rightmove (original listing). First listed 24 Jan 2025; details checked 7 Nov 2026. Latest change: reduced on 27/10/2026.

Agent disclaimer

Disclaimer - Property reference 214363513. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Let Property Sales & Management, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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