4 Bed Detached House, Refurb/BRRR, Newcastle upon Tyne, NE16 5TN, £380,000

Foxhills Covert, Whickham, NE16 5TN - 2 views - a year ago

Sold STC
Refurb/BRRR
~129 m²
+17 photos

ValuationOvervalued

Sold Prices£186K - £895K
Sold Prices/m²£1.8K/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£363,202

 

 

End Value (After Refurb)

£369,263

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£49,479

Bridging Loan Interest

£9,975

Total Cash In

£176,904

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,263

Mortgage (After Refinance)

£276,947

Mortgage LTV

75%

Cash Left In

£176,904

Equity

£92,316

Rent Range

£650 - £1,200

Rent Estimate

£742

Running Costs/mo

£1,322

Cashflow/mo

£-580

Cashflow/yr

£-6,964

Gross Yield

2%

Local Sold Prices

40 sold prices from £186K to £895K, average is £345K. £1.8K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£310K01/210.16 mi12, Woodpack Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YY4
£336K07/210.17 mi10, Thornhaugh Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YZ4
£390K10/200.17 mi19, Norhurst, Newcastle Upon Tyne, Tyne And Wear NE16 5UX4
£315K08/210.24 mi18, Sunnidale, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TT4
£367K02/210.24 mi25, Callaley Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YR4
£270K02/210.26 mi2, Marlow Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5RQ4
£375K10/220.26 mi10, Sunnidale, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TT4
£754.5K03/230.28 miWesthaven, Windyhill, Fellside Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5AX4
£402.5K10/230.29 mi5, Rookery Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TX4
£285K10/200.33 mi65, Ancaster Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BJ4
£435K05/210.35 mi5, Ingleside, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5XY4
£310K10/200.38 mi11, Falsgrave Place, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5SG4
£370K07/230.41 mi7, Blaxton Place, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BU4
£320K03/210.41 mi7, Blaxton Place, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BU4
£330K09/200.42 mi40, Silverdale Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5SL4
£350K08/230.55 mi48, L'arbre Crescent, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YJ4
£375K05/230.57 mi1, Southcote, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5SD4
£370K02/210.61 mi1, L'arbre Crescent, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YF4
£186K02/210.62 mi19, Clover Avenue, Winlaton Mill, Blaydon-on-tyne, Tyne And Wear NE21 6RZ4
£265K02/230.64 mi26, Harewood Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5SZ4
£265K04/210.7 mi7, Alnwick Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5ZD4
£335K06/210.72 mi67, Parkdale Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5JR4
£335K09/230.72 mi87, Parkdale Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5JR4
£331.5K02/210.73 mi9, Dyke Nook Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TD4
£561.5K01/210.77 mi12, Fellside Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4JU4
£295K10/200.81 mi14, Ladyhaugh Drive, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TE4
£361.5K10/200.81 mi1, Greystoke Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HP4
£300K06/210.82 mi10, Oakfield Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HL4
£375K11/230.89 mi1, Enfield Gardens, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PR4
£425K03/210.91 mi1, Elm Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PS4
£540K06/210.91 mi14, Whaggs Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PF4
£400K04/210.92 mi10, Grange Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5AD4
£895K03/210.93 mi54, Whaggs Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PQ4
£340K11/200.93 mi36, The Cedars, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TJ4
£300K02/240.96 mi1, Ashfield Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PN4
£317K07/230.96 mi3, Ashfield Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PN4
£455.5K09/210.96 mi6, The Cedars, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TH4
£445K08/210.96 mi5, The Cedars, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TH4
£472K01/210.98 miGlendale, Sunniside Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5AA4
£335K09/230.99 mi8, Ashfield Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4PL4

Local Rents

12 rents from £650/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,20009/230.14 mi-3
£1,20009/240.14 mi-3
£1,20005/240.19 miCarrsyde Close, Whickham, Newcastle Upon Tyne, NE163
£85010/240.89 mi-3
£95006/240.99 mi-3
£1,00005/241.04 miOtterburn Gardens, Whickham, Newcastle upon Tyne, Tyne and Wear, NE163
£1,00006/241.06 miHelvellyn Close, Blaydon3
£65007/241.19 mi-3
£75007/241.19 mi-3
£69506/241.21 miAxwell Terrace, Swalwell, NE163
£95010/231.23 mi-3
£77502/251.24 mi-3

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

5.10 miles away

Nearest school

0.50 miles away

Nearest train station

1.96 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £380,000

December 26, 2024

Listed for £400,000

December 26, 2023

Floor Plans

Description

  • Four bedroom detached family home +
  • Freehold +
  • Sought after location within Fellside Park +
  • Overlooking the scenic Derwent Walk +
  • Large rear garden +
  • Tudor style architect +
  • Double garage +
  • No onward chain +

Listed at £400,000 we are encouraging offers between £400,000 and £425,000. Introducing a truly magnificent Tudor-style four bedroom detached property, situated in an enviable location within the highly sought-after Fellside Park. This stunning home offers a perfect blend of timeless charm along with breathtaking views overlooking the picturesque Derwent Walk. Step inside and discover a spacious and elegantly designed interior, featuring high ceilings, exposed beams, and intricately detailed woodwork. The house may be in need of some modernising, making this an ideal purchase to add your own charm onto what is already an impressive family home. With its prime location and captivating views, the property is a rare gem that promises an extraordinary lifestyle for any fortunate owners. Don't miss the opportunity to make this dream home yours. Ground Floor The ground floor of this family home is designed to provide a comfortable and functional living space. As you enter, you are greeted by a spacious hallway that leads to various areas of the house. Within the hallway, there is also a convenient WC room and understairs storage cupboard. To one side of the hallway, you will find the inviting living room. It features a charming fireplace with exposed brickwork, adding a touch of warmth and character to the space. Dual aspect windows  allow natural light to flood into the reception room. Adjacent to the living room is a separate dining room, providing a dedicated area for formal meals and special occasions. This room connects both the living room and kitchen. Moving towards the back of the house, you will discover the well-equipped kitchen. It is fitted with a range of wall and base units, offering ample storage space for all your kitchen essentials. The contrasting laminate worktops add a stylish touch to the room. Additionally, the kitchen provides an external door that leads directly into the large garage, providing easy access for parking and storage. The kitchen also offers space for freestanding appliances and dining furniture, allowing you to personalise and customise the space to suit your needs.  Living Room - 4.73m x 4.03m (15'6" x 13'2") Dining Room - 3m x 4.01m (9'10" x 13'1") Kitchen - 3.61m x 3.63m (11'10" x 11'10") WC - 1.31m x 1.46m (4'3" x 4'9") First Floor Moving on to the first floor of this family home, the landing provides access to four bedrooms, a family bathroom, and a storage cupboard that houses the property's water tank. All of the bedrooms on this floor are fitted with a range of storage facilities, ensuring ample space for personal belongings. The two front bedrooms have the added advantage of offering breathtaking views towards the Derwent Walk, allowing you to enjoy the scenic surroundings. Bedroom one is particularly noteworthy as it benefits from an ensuite facility. This private bathroom includes a convenient shower cubicle, a washbasin, a low-level WC, and fitted storage drawers. This ensuite provides a dedicated and convenient space for the occupants of bedroom one. The spacious family bathroom on this floor is fitted with a three-piece suite. It includes a fitted bathtub with an overhead shower, a washbasin, and a low-level WC. This well-appointed bathroom offers comfort and functionality for the entire household. Bedroom One - 4.15m x 4.11m (13'7" x 13'5") Ensuite - 2.23m x 1.72m (7'3" x 5'7") Bedroom Two - 3.59m x 2.98m (11'9" x 9'9") Bedroom Three - 4.16m x 2.6m (13'7" x 8'6") Bedroom Four - 3.59m x 2.26m (11'9" x 7'4") Bathroom - 2.6m x 2.4m (8'6" x 7'10") Garage - 8.17m x 4.52m (26'9" x 14'9") Externally The outside of the property is truly impressive, starting with a spacious and inviting large double tarmacked driveway. This driveway not only offers ample space for multiple vehicles but also adds to the overall visual appeal of the property. As you approach the front of the house, you'll notice a beautifully maintained and well-presented laid to lawn garden. The lush green grass is perfectly manicured, creating a picturesque and welcoming entrance. Surrounding the garden is a classic brick wall that adds a touch of elegance and privacy, enhancing the overall charm of the property. Moving to the rear of the house, you'll find gated access leading to a truly magnificent large garden. Situated on an elevated position, this expansive rear garden is mainly laid to lawn, providing ample space for outdoor activities and relaxation. The garden is thoughtfully enclosed by a combination of shrubbery and wooden fencing, ensuring privacy and a peaceful atmosphere. What makes this rear garden unique is how it is almost split into two distinct areas, thanks to strategically placed shrubs. This segregation adds a sense of character and versatility to the space, allowing for multiple potential uses. Whether you envision a designated play area, a tranquil garden retreat, or a space for entertaining guests. Disclaimer Whilst we endeavour to ensure our sales particulars are accurate and reliable, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by WalkersXchange therefore we cannot give a guarantee as to their operating ability or efficiency. All measurements have been taken as a guide to prospective buyers only.

Agent Details

WalkersXchange, Sunniside & the North East

0191 743 9208

Next Steps?

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