3 Bed Terraced House, Single Let, Hebburn, NE31 2AR, £115,000

Southend Parade, Hebburn, Tyne And Wear, NE31 2AR - a year ago

BTL
ROI: 7%
~93 m²
+19 photos

ValuationUndervalued

Sold Prices£75K - £320K
Sold Prices/m²£809/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£140,300
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£725 - £1,100

Rent Estimate

£731

Running Costs/mo

£526

Cashflow/mo

£205

Cashflow/yr

£2,465

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £320K, average is £140K. £809/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£82K03/230 mi29, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£88K12/200 mi34, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£118K08/230 mi30, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£95.1K10/210.06 mi15, Penzance Parade, Hebburn, Tyne And Wear NE31 2AP3
£104K08/210.06 mi1, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£76K05/210.06 mi23, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£122.5K09/230.06 mi50, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£130K01/240.06 mi2, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£83K07/210.06 mi6, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£80K04/210.09 mi34, Skegness Parade, Hebburn, Tyne And Wear NE31 2AJ3
£93.5K11/220.09 mi27, Skegness Parade, Hebburn, Tyne And Wear NE31 2AJ3
£177.5K04/240.14 mi37, Durham Grove, Jarrow, Tyne And Wear NE32 5YS3
£123.5K11/230.14 mi7, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£75K04/210.14 mi37, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£117K01/240.14 mi37, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£148K03/210.16 mi2, Alnwick Grove, Jarrow, Tyne And Wear NE32 5YT3
£122K05/210.18 mi125, Roman Road, Jarrow, Tyne And Wear NE32 4SJ3
£115K08/230.18 mi121, Roman Road, Jarrow, Tyne And Wear NE32 4SJ3
£121K02/210.2 mi28, Tynemouth Road, Jarrow, Tyne And Wear NE32 5YR3
£124K08/210.22 mi5, Blenkinsop Grove, Jarrow, Tyne And Wear NE32 5YH3
£195K10/230.23 mi8, Coupland Grove, Jarrow, Tyne And Wear NE32 5YQ3
£87K11/230.24 mi31, Hastings Parade, Hebburn, Tyne And Wear NE31 2AG3
£145.5K07/210.25 mi22, Coventry Way, Jarrow, Tyne And Wear NE32 4TH3
£145.5K07/210.25 mi22, Coventry Way, Jarrow, Tyne And Wear NE32 4TH3
£185K06/230.3 mi5, Featherstone Grove, Jarrow, Tyne And Wear NE32 5YE3
£300K09/210.3 mi92, York Avenue, Jarrow, Tyne And Wear NE32 5YA3
£135K04/240.31 mi14, Calf Close Lane, Jarrow, Tyne And Wear NE32 4SU3
£82K02/230.32 mi18, Blackpool Parade, Hebburn, Tyne And Wear NE31 2AF3
£155K03/240.35 mi53, Leicester Way, Jarrow, Tyne And Wear NE32 4XQ3
£170K05/230.35 mi39, Hereford Way, Jarrow, Tyne And Wear NE32 4TZ3
£201K10/220.35 mi37, Leicester Way, Jarrow, Tyne And Wear NE32 4XG3
£215K02/240.37 mi10, Thirlwell Grove, Jarrow, Tyne And Wear NE32 5YD3
£320K11/230.37 mi68, York Avenue, Jarrow, Tyne And Wear NE32 5YB3
£195K10/230.37 mi33, Benedict Lane, Hebburn, Tyne And Wear NE31 2GA3
£160K02/210.38 mi11, Lichfield Way, Jarrow, Tyne And Wear NE32 4UN3
£140K05/230.38 mi3, Hereford Way, Jarrow, Tyne And Wear NE32 4TX3
£197.5K07/210.38 mi32, Calf Close Drive, Jarrow, Tyne And Wear NE32 4SW3
£197.5K07/210.38 mi32, Calf Close Drive, Jarrow, Tyne And Wear NE32 4SW3
£133K05/210.39 mi13, Ravensworth Terrace, Jarrow, Tyne And Wear NE32 5EF3
£140K01/210.39 mi15, Ravensworth Terrace, Jarrow, Tyne And Wear NE32 5EF3
£305K03/230.39 mi83, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£290K08/240.39 mi71, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£275K11/200.39 mi65, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£103K02/210.41 mi11, Wellway, Jarrow, Tyne And Wear NE32 4QB3
£152K08/230.42 mi47, Langley Terrace, Jarrow, Tyne And Wear NE32 5DX3
£230K10/230.43 mi46, Lichfield Way, Jarrow, Tyne And Wear NE32 4UW3
£162.5K12/220.44 mi45, Norham Terrace, Jarrow, Tyne And Wear NE32 5DS3
£204K05/240.45 mi14, Morpeth Avenue, Jarrow, Tyne And Wear NE32 5DZ3
£141K10/230.45 mi17, The Hollow, Jarrow, Tyne And Wear NE32 4QA3
£122K02/210.45 mi14, The Hollow, Jarrow, Tyne And Wear NE32 4QA3

Local Rents

12 rents from £725/mo to £1.1K/mo, average is £790/mo.

RentDateDistanceAddressBeds 
£72505/240 miSouthend Parade, Hebburn, Tyne & Wear, NE313
£75006/230.05 mi-3
£75006/230.05 mi-3
£72507/240.06 miScarborough Parade, Hebburn, NE313
£87505/240.08 mi-3
£87507/240.08 mi-3
£87507/240.08 miColwyn Parade, Hebburn, NE313
£77505/240.28 mi-3
£1,10010/240.39 mi-3
£77507/240.48 miSomerset Road, Hebburn, Tyne and Wear, NE313
£87512/240.51 miRutland Road, Hebburn, Tyne And Wear, NE313
£80506/240.57 mi-3

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

1.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £115,000

February 23, 2024

Floor Plans

Description

  • No Upper Chain +
  • Well Presented +
  • Spacious Three Bedroom Terrace +
  • Downstairs WC +
  • Newly Refurbished Bathroom +
  • Two Reception Rooms +
  • Front & Rear Gardens +
  • Popular Location +
  • Viewing Highly Advised +

Keyhole Residential are delighted to welcome to the sale market this immaculately presented, three bedroom family home, located in this popular area of Hebburn and within easy reach of both the local Metro network, the A19 road network and local bus routes linking Newcastle and South Shields.

Brought to the market with the benefit of no onward chain, this spacious home boasts a modern and newly refurbished bathroom, two reception rooms, a downstairs WC and front and rear gardens.

In brief this beautiful home offers to the ground floor; a spacious hallway with under stairs storage and WC, a generous sized lounge, leading from the lounge with double doors is a light dining room with access to a well equipped kitchen. To the first floor there are two double bedrooms both of which offer storage cupboards and a further third bedroom in addition to newly installed bathroom.

Viewing comes highly recommended to fully appreciate the size of the property on offer.

Full Description

Entrance Hallway
Double glazed door leading to hallway, carpet flooring, stairs to first floor, door leading to lounge, access to the downstairs WC, door leading to kitchen, double glazed door leading to rear garden.

Lounge
Double glazed bow front window, radiator, gas feature fire with surround, television and telephone point, carpet flooring, double doors leading into dining room.
(Room Size: 4.78m x 3.78m)

Dining Room
Double glazed window, radiator, carpet flooring.
(Room Size: 3.01m x 2.37m)

Kitchen
Double glazed window, fitted wall and base units, roll top work surfaces, gas cooker point, plumbed for washing machine, space for fridge/freezer, stainless steel sink unit with mixer tap, tiled walls, radiator, laminate flooring.
(Room Size: 3.01m x 2.37m)

Downstairs WC
Double glazed window, low level WC, wash hand basin, laminate flooring.

First Floor Landing
Carpet flooring, loft access.

Bedroom One
Double glazed window, radiator, two storage cupboards - one with boiler housed, carpet flooring.
(Room Size: 4.48m x 2.94m)

Bedroom Two
Double glazed window, radiator, two storage cupboards, carpet flooring.
(Room Size: 4.48m x 2.94m)

Bedroom Three
Double glazed window, radiator, fitted cupboard, carpet flooring.
(Room Size: 2.91m x 2.28m)

Bathroom
Double glazed window, radiator, low level WC, pedestal wash hand basin, bath with shower over, fully cladded walls, vinyl flooring.
(Room Size: 2.15m x 1.65m)

Enclosed Rear Garden
Gated access leading to rear of property, lawned garden area.

On Street Parking

Front Garden
Front garden with lawned area and gated access.

Tenure: Freehold
Council Tax Band: A
EPC Rating: Awaiting Confirmation

Agent Details

Keyhole Residential, Birtley

0191 625 0171

Next Steps?

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