Gateshead is a large town at the heart of North East England and has lots of opportunities whether you are looking to invest in the area, relocate your family there, or are looking to study. Read on as to why, in our opinion, Gateshead is a property hotspot …
House Prices 🏠
- Most expensive property: £2,947,676
- Average house price in Gateshead: £135,065
- Cheapest property: £25,000 – 1 bedroom flat.
Property Investment 🏠 🏠
- Grade A office accommodation costs in the North East are as much as 82% lower than London and 30% lower than Glasgow and Manchester
- A £92m investment programme into the Newcastle and Gateshead’s 80 hectares Accelerated Development Zone is stimulating business and job growth
- There are several large business estates which are home to tech and digital companies, 240 business, professional and financial services companies as well as advanced manufacturers and logistics firms
- The intu Metrocentre is Europe’s largest covered shopping and leisure centre. It has over 350 stores employing over 7,000 people and an annual footfall in excess of 21m shoppers
- 3% of jobs in Gateshead are in distribution, hotels and restaurants, this reflects the important role of the Metrocentre within the borough’s economy.
Location and Transport 🚌
- Great rail and metro links - 2 hours 50 minutes by train to London, 1 hour 30 minutes to Edinburgh, 1 hour 30 minutes to Leeds
- The Tyne & Wear Metro System is the UK’s second largest rapid transit system
- Newcastle International Airport is 20 minutes away offering direct flights to around 79 European and worldwide destinations
- Direct access to two major motorways – the A1(M) and the A19
- The Port of Tyne offers commercial handling facilities as well as ferries and cruises.
- There are currently 84 primary, secondary and special schools in Gateshead as well as independent Christian, Islamic and Jewish faith schools
- In 2016, Lobley Hill's Emmanuel College was named the best secondary school in Gateshead and was ranked within England's top 10
- Ofsted said that Gateshead College is a Grade 1 outstanding college, the only one in Tyne & Wear.
- Gateshead has something for everyone - a beautiful coastline, environmental quality, friendly people and an appetite for excellence, good fun and lively living
- The region offers fantastic careers, housing, education, healthcare, shopping and much more
- The world famous Angel of The North sculpture rises 20 metres from the ground near the A1 in Gateshead.
Finally, did you know …
- Sir Joseph Swan lived at Underhills, Kells Lane from 1869–83, where his experiments led to the invention of the electric light bulb. His house was the first in the world to be wired for domestic electric light?
- The Gateshead Car Park in Trinity Square, (which was demolished around 2010) featured in 1971 classic film “Get Carter”?
- The Gateshead Millennium Bridge is the first rotating bridge in the world?