1/12

2 bed flat for sale Rayleigh Grove, Gateshead, NE8

Asking price

£75,000

Added on 24/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Tenure: Leasehold

Council tax Band A £1,811 a year

Key features

Convenient Gateshead Location Close To Transport Links
Two Bedroom Apartment
Spacious Living Area
Well Proportioned Bedrooms
Bathroom With Standard Suite
Fitted Kitchen

About this property

Situated in a convenient residential area of Gateshead, this well-presented two-bedroom apartment offers comfortable and practical living, making it an ideal choice for first-time buyers, downsizers, or investors seeking a strong rental opportunity.

The property comprises a welcoming entrance leading into a bright and spacious living area, providing an ideal space for relaxing or entertaining. The kitchen is fitted with a range of units and offers ample storage and workspace, catering well to everyday cooking needs.

Council tax

Band A £1,811 a year

Per year

Band A

This home: £1,811
Band B

£2,112
Band C

£2,414
Band D

£2,716
Band E

£3,319
Band F

£3,923
Band G

£4,526
Band H

£5,432

This home is in band A, which costs £1,811 a year in Gateshead for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Gateshead, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

35 comparables · within 2.3 miles

Cheaper than 86% of the 2-bed flats for sale nearby right now.

This home, £75,000 Median £140,000 · £67,000 – £220,000

Compared with 35 2-bed flats for sale within 2.3 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Rayleigh Grove, Gateshead, NE8

Open map Street View

Mortgage and stamp duty

Property price £75,000

£38k £113k

Deposit11% £8,000

£0 £75k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £67,000 mortgage. Most lenders would want a household income of about £15,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
2, Rayleigh Grove Flat / maisonette	Flat / maisonette	Feb 2026	646 sq ft £155/sq ft	646 sq ft	£155	£100,000
62, Rayleigh Grove Terraced	Terraced	Nov 2024	n/a	n/a	n/a	£157,950
2, Rayleigh Grove Flat / maisonette	Flat / maisonette	May 2024	646 sq ft £139/sq ft	646 sq ft	£139	£90,000
24, Rayleigh Grove Flat / maisonette	Flat / maisonette	Aug 2023	743 sq ft £97/sq ft	743 sq ft	£97	£72,000
22, Rayleigh Grove Flat / maisonette	Flat / maisonette	Aug 2023	657 sq ft £110/sq ft	657 sq ft	£110	£72,000
24, Rayleigh Grove Flat / maisonette	Flat / maisonette	Jan 2023	743 sq ft £62/sq ft	743 sq ft	£62	£46,000
4, Rayleigh Grove Flat / maisonette	Flat / maisonette	Jan 2019	764 sq ft £89/sq ft	764 sq ft	£89	£68,000
62 - 64, Rayleigh Grove Terraced	Terraced	Feb 2018	1,507 sq ft £86/sq ft	1,507 sq ft	£86	£130,000