2 Bed Flat, Single Let, Newcastle upon Tyne, NE15 8UR, £60,000

Tewkesbury Road, Newcastle upon Tyne, Tyne and Wear, NE15 8UR - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 19%
~68 m²

ValuationUndervalued

Sold Prices£39.7K - £123K
Sold Prices/m²£737/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£609

Running Costs/mo

£329

Cashflow/mo

£280

Cashflow/yr

£3,356

ROI

19%

Gross Yield

12%

Local Sold Prices

37 sold prices from £39.7K to £123K, average is £80K. £737/m² to £2.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£75K03/210.02 mi33, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8UR2
£81K05/220.07 mi24, Combe Drive, Newcastle Upon Tyne, Tyne And Wear NE15 8UW2
£93K08/220.14 mi31, Blanchland Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8UA2
£93.5K07/230.14 mi44, Blanchland Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8UA2
£90K02/230.14 mi7, Helston Court, Newcastle Upon Tyne, Tyne And Wear NE15 8UJ2
£39.7K10/230.15 mi37, Combe Drive, Newcastle Upon Tyne, Tyne And Wear NE15 8UH2
£90K10/220.19 mi18, Hamsterley Crescent, Newcastle Upon Tyne, Tyne And Wear NE15 8UQ2
£60K07/230.26 mi69, Combe Drive, Newcastle Upon Tyne, Tyne And Wear NE15 8XB2
£60K07/230.26 mi69, Combe Drive, Newcastle Upon Tyne, Tyne And Wear NE15 8XB2
£50K06/220.26 mi14, Malvern Court, Newcastle Upon Tyne, Tyne And Wear NE15 8XE2
£80K07/220.29 mi30, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8XF2
£80K12/200.29 mi32, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8XF2
£83K10/230.35 mi48, Allerdean Close, Newcastle Upon Tyne, Tyne And Wear NE15 8XW2
£80K08/220.36 mi12, Bennett Court, Newcastle Upon Tyne, Tyne And Wear NE15 8EF2
£68K11/210.36 mi20, Bennett Court, Newcastle Upon Tyne, Tyne And Wear NE15 8EF2
£91K10/210.4 mi46, Wooler Green, Newcastle Upon Tyne, Tyne And Wear NE15 8XJ2
£86.5K10/230.42 mi1, Wooler Green, Newcastle Upon Tyne, Tyne And Wear NE15 8XL2
£50K02/230.5 mi7, Denwick Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8SQ2
£80K06/210.62 mi88, Avalon Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7SF2
£70K08/210.63 mi11, Ravenshill Road, Newcastle Upon Tyne, Tyne And Wear NE5 5EA2
£90K03/240.63 mi14, Ravenshill Road, Newcastle Upon Tyne, Tyne And Wear NE5 5EA2
£75K08/220.63 mi30, Ravenshill Road, Newcastle Upon Tyne, Tyne And Wear NE5 5EA2
£94K09/230.66 mi16, Marsham Close, Newcastle Upon Tyne, Tyne And Wear NE15 7QL2
£90K06/230.7 mi40, Avalon Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7SZ2
£72K01/210.72 mi46, Greenlaw, Newcastle Upon Tyne, Tyne And Wear NE5 5DE2
£82.5K12/230.74 mi6, Knarsdale Place, Newcastle Upon Tyne, Tyne And Wear NE5 5DS2
£55K12/200.74 mi22, Harle Close, Newcastle Upon Tyne, Tyne And Wear NE5 5EH2
£73K04/210.75 mi6, Wallington Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7RL2
£74K03/210.75 mi41, Haughton Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 5ED2
£74K06/210.78 mi98, Linbridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 5DP2
£87K04/210.8 mi7, Spencer Court, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 8HB2
£82.5K06/230.8 mi2, Ormiston, Newcastle Upon Tyne, Tyne And Wear NE15 7XR2
£85K03/240.83 mi8, Cotter Riggs Walk, Newcastle Upon Tyne, Tyne And Wear NE5 1HH2
£72K06/210.84 mi72, Linbridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 5DL2
£84K11/220.85 mi25, Church Road, Newburn, Newcastle Upon Tyne, Tyne And Wear NE15 8LB2
£70K05/210.87 mi63, Thornley Road, Newcastle Upon Tyne, Tyne And Wear NE5 2AT2
£123K04/240.95 mi32, Eshmere Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 1LB2

Local Rents

11 rents from £650/mo to £2K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£65002/250.16 mi-2
£74511/240.17 mi-2
£65004/240.53 mi-2
£79506/240.53 miWishaw Rise, Lemington2
£79506/240.54 mi-2
£79506/240.54 miSpencer Terrace, Newcastle Upon Tyne, NE152
£69505/240.55 miBeckside Gardens, Newcastle Upon Tyne2
£67511/240.57 mi-2
£2,00006/240.57 mi-2
£1,80001/250.57 mi-2
£1,75003/250.57 mi-2

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.85 miles away

Nearest school

0.30 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £60,000

March 11, 2024

Sold for £34,950

2002

Sold for £30,000

1995

Floor Plans

Description

  • Two bedroom first floor flat +

  • NO ONWARD CHAIN +

  • Lovely Outlook +

  • Floor Area - TBC +

  • Council Tax Band - A +

  • EPC Rating - C +

Two bedroom first floor flat is situated on the popular West Denton Park estate and is offered with NO ONWARD CHAIN....

The property includes gas central heating system, double glazing and benefits from a nice streetscape outlook.

The accommodation briefly comprises; entrance hall, lounge with a large window which provides an airy room and ample space for dining. The kitchen benefits from a range of units. There are two good sized bedrooms and a bathroom which includes a bath with shower over, W/C and pedestal wash hand basin.

Externally there is a rear garden which is predominantly laid to lawn.

West Denton Park is located on the western boundary of Newcastle upon Tyne and is ideally positioned for easy access onto the A69 and A1 trunk roads, both of which link to the national motorway network. There are a number of schools in the vicinity with other local amenities close at hand. The estate also offers some pleasant views towards the River Tyne.

Please note the property has a lease term left of 47 years left with a ground rent of £20 per annum.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QWD230303/2

Agent Details

YOUR MOVE Chris Stonock, West Denton

0191 625 0263

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