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2 Bed Flat, Potential PLO/LOA, Wallsend, NE28 6JH, £75,000

63 Dilston Grange, Wallsend, Tyne And Wear, NE28 6JH - a year ago

Leasehold
Negative Equity
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£40K - £97.5K
Sold Prices/m²£606/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£89,112
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£495 - £850

Rent Estimate

£543

Running Costs/mo

£363

Cashflow/mo

£180

Cashflow/yr

£2,160

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £97.5K, average is £75.3K. £606/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£60K10/200 mi73, Dilston Grange, Wallsend, Tyne And Wear NE28 6JH2
£81K01/230.13 mi16, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ2
£80K02/210.14 mi103, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG2
£76.5K11/200.14 mi31, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG2
£82K10/220.14 mi99, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG2
£77K02/230.21 mi101, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG2
£70K12/220.21 mi118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ2
£77K10/200.25 mi6, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£80.5K06/210.25 mi40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£78K01/230.26 mi23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£71K01/240.28 mi70, Stanley Street, Wallsend, Tyne And Wear NE28 7DD2
£65K06/210.28 mi41, Stanley Street, Wallsend, Tyne And Wear NE28 7DB2
£55K02/230.28 mi67, Stanley Street, Wallsend, Tyne And Wear NE28 7DB2
£84K11/210.29 mi57, Northumberland Terrace, Wallsend, Tyne And Wear NE28 7BL2
£50K12/230.29 mi48, Bewicke Road, Wallsend, Tyne And Wear NE28 6SQ2
£40K07/210.29 mi10, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ2
£77.5K02/210.33 mi14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW2
£49K12/200.34 mi5, Westmorland Avenue, Wallsend, Tyne And Wear NE28 6SN2
£80K12/210.34 mi9, Ilford Road, Wallsend, Tyne And Wear NE28 0LX2
£79K08/210.34 mi25, Ilford Road, Wallsend, Tyne And Wear NE28 0LX2
£58.5K03/210.36 mi4, Gladstone Street, Wallsend, Tyne And Wear NE28 6SJ2
£70K03/230.37 mi35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£55K08/210.37 mi33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£68K12/230.38 mi3, Redcar Road, Wallsend, Tyne And Wear NE28 0DD2
£70K02/210.39 mi21, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£70K02/210.39 mi19, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£77K07/230.41 mi45, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£75K11/230.41 mi3, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£73K05/230.41 mi54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS2
£71K11/220.45 mi18, St Julien Gardens, Wallsend, Tyne And Wear NE28 0DH2
£62K02/210.54 mi61, Richardson Street, Wallsend, Tyne And Wear NE28 7PS2
£60K04/210.54 mi35, Shafto Street, Wallsend, Tyne And Wear NE28 7AL2
£58K01/210.56 mi37, South Terrace, Wallsend, Tyne And Wear NE28 6QE2
£59.5K06/230.83 mi12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH2
£90K07/210.84 mi74, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ2
£75.5K11/210.84 mi46, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ2
£85K05/210.87 mi23, Roman Court, Wallsend, Tyne And Wear NE28 7JP2
£97.5K05/210.87 mi30, Roman Court, Wallsend, Tyne And Wear NE28 7JP2
£90K11/230.87 mi23, Roman Court, Wallsend, Tyne And Wear NE28 7JP2
£71K03/210.9 mi314, High Street East, Wallsend, Tyne And Wear NE28 7JZ2
£73K10/230.93 mi34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K10/200.93 mi30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K05/230.94 mi60, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£66K05/210.94 mi90, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£86K03/240.94 mi56, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£80K10/200.94 mi35, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£80K09/230.94 mi73, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£48.5K08/220.95 mi22, Ellen Court, Jarrow, Tyne And Wear NE32 3NH2
£85K08/210.95 mi122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.95 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2

Local Rents

24 rents from £495/mo to £850/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£62505/240.07 mi-2
£62505/240.07 mi-2
£82510/240.12 mi-2
£60002/250.22 mi-2
£55002/250.24 mi-2
£67502/250.25 mi-2
£52501/250.28 mi-2
£62507/240.28 miMerlin Crescent, Rosehill2
£65006/240.35 miLaing Grove, Howdon, Wallsend. NE28 0DE2
£70003/240.36 mi-2
£70005/240.36 miWallsend, Newcastle Upon Tyne, NE282
£79506/240.36 miWestmorland Avenue, Wallsend2
£85006/240.36 miWoodman Street, Wallsend, Tyne and Wear, NE282
£57506/240.38 mi-2
£57506/240.38 miCleveland Gardens, Wallsend, NE282
£49506/240.39 miHolderness Road, Howdon, NE282
£75012/240.39 mi-2
£52009/230.39 mi-2
£55003/240.39 mi-2
£55003/240.39 mi-2
£80003/250.44 mi-2
£70007/240.53 miOban Avenue, Wallsend, Tyne and Wear, NE28 0PU2
£70007/240.53 miOban Avenue, Wallsend, Tyne and Wear, NE28 0PU2
£55006/240.56 miSouth Terrace, Wallsend, NE282

Links

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £75,000

-47%

November 3, 2023

Sold for £109,950

2007

Description

  • Two Bedrooms +
  • Ground Floor +
  • Gas Central Heating & Double Glazing +
  • Vacant Possession +
  • Close to Local Amenities and Transport Links +
  • Viewing Recommended +

Safe and Secure welcome to the market this Two Bedroom Ground Floor Flat in the popular area of Dilston Grange, Wallsend.
This well presented home benefits from gas central heating and double glazing.
Close to local amenities and transport links, the property would suit a wide variety of buyers.
With no onward chain, viewings are recommended. 

ENTRANCE HALL Double glazed entrance door, radiator, storage cupboard. 

OPEN PLAN LOUNGE/KITCHEN 25' 3" x 10' 9" (7.72m x 3.29m) Fitted with a range of wall and base units with coordinating work surfaces over, one and a half bowl sink and drainer unit, built in electric oven, built in gas hob with extractor hood over, space for washing machine, telephone point, television point, radiator, combination boiler, double glazed window to front, radiator and coving to ceiling. 

BEDROOM 1 7' 8" x 8' 7" (2.35m x 2.63m) Double glazed window to rear, coving to ceiling, radiator. 

BEDROOM 2 11' 11" x 8' 7" (3.65m x 2.64m) Double glazed window to rear, coving to ceiling, radiator, walk in wardrobe. 

BATHROOM White 3 piece suite comprising of panelled bath, pedestal wash basin, low level WC, extractor fan, radiator. 

EXTERNALLY Communal gardens

Agent Details

Safe & Secure Properties, Houghton Le Spring

0191 625 1035

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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