3 Bed Terraced House, Cash/Bridging Only, Newcastle upon Tyne, NE6 1AT, £70,000

6 Dunn Terrace, Byker, Newcastle Upon Tyne, NE6 1AT - 15 views - a year ago

Leasehold

Cash

ROI: 15%

90 m²

+10 photos

ValuationFair Value

Sold Prices	£50K - £445K
Sold Prices/m²	£649/m² - £2.8K/m²

Square Metres	90 m²
Price/m²	£778/m²
Value Estimate	£71,400£71,400

End Value (After Refurb)	£165,798£165,798
Uplift in Value	+137%+137%
You could potentially get back more cash than you put into this deal. All your cash out plus £13,009 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Refurb Costs	£34,452£34,452
Bridging Loan Interest	£1,838£1,838
Total Cash In	£58,839£58,839

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£165,798£165,798
Agent Fees (1%)	£1,658£1,658
Bridging Loan	£52,500£52,500
Bridging Loan Interest	£1,838£1,838
Flip Profit	£52,800£52,800

Local Sold Prices

50 sold prices from £50K to £445K, average is £160K. £649/m² to £2.8K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	01/24	0.03 mi	35, Clive Place, Newcastle Upon Tyne, Tyne And Wear NE6 1DE	-	-	3	Terraced House
£88K	07/23	0.18 mi	8, Brock Street, Newcastle Upon Tyne, Tyne And Wear NE6 1QY	£978	90	3	Semi-Detached House
£90.5K	09/23	0.24 mi	11, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH	£1,175	77	3	Terraced House
£50K	04/23	0.24 mi	15, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH	£649	77	3	Terraced House
£147.5K	12/23	0.27 mi	2, Rodney Street, Newcastle Upon Tyne, Tyne And Wear NE6 1RJ	£1,916	77	3	Terraced House
£150K	09/23	0.33 mi	18, Grafton Close, Newcastle Upon Tyne, Tyne And Wear NE6 1XB	-	-	3	Terraced House
£227K	01/21	0.34 mi	18, Malcolm Street, Newcastle Upon Tyne, Tyne And Wear NE6 5PL	£1,787	127	3	Terraced House
£107K	09/21	0.35 mi	10, Heaton Walk, Newcastle Upon Tyne, Tyne And Wear NE6 1XQ	-	-	3	Terraced House
£230K	01/21	0.37 mi	84, Bolingbroke Street, Newcastle Upon Tyne, Tyne And Wear NE6 5PH	£2,500	92	3	Terraced House
£116K	10/20	0.37 mi	60, Langhorn Close, Newcastle Upon Tyne, Tyne And Wear NE6 1XL	£1,184	98	3	Terraced House
£110K	11/20	0.38 mi	9, Tynemouth Close, Newcastle Upon Tyne, Tyne And Wear NE6 1XR	£1,111	99	3	Terraced House
£94.5K	03/21	0.39 mi	3, Langhorn Close, Newcastle Upon Tyne, Tyne And Wear NE6 1XH	£964	98	3	Terraced House
£107K	03/21	0.4 mi	28, North View, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 1XP	£1,115	96	3	Terraced House
£163K	07/24	0.4 mi	28, North View, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 1XP	£1,698	96	3	Terraced House
£142.5K	02/24	0.4 mi	24, North View, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 1XP	£1,484	96	3	Terraced House
£270K	07/23	0.42 mi	42, Falmouth Road, Newcastle Upon Tyne, Tyne And Wear NE6 5NS	£2,250	120	3	Terraced House
£296.1K	02/21	0.42 mi	67, Falmouth Road, Newcastle Upon Tyne, Tyne And Wear NE6 5NS	£1,923	154	3	Terraced House
£86.5K	06/23	0.42 mi	128, Headlam Street, Newcastle Upon Tyne, Tyne And Wear NE6 1EB	£1,042	83	3	Terraced House
£125K	03/21	0.43 mi	91, Hotspur Street, Newcastle Upon Tyne, Tyne And Wear NE6 5BE	£2,551	49	3	Terraced House
£265K	11/20	0.44 mi	59, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5NU	£2,431	109	3	Terraced House
£120K	01/24	0.45 mi	70, Beresford Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 2EL	£1,765	68	3	Semi-Detached House
£221K	02/21	0.47 mi	9, Warwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 5AQ	£2,255	98	3	Terraced House
£235.6K	03/23	0.47 mi	23, Warwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 5AQ	£2,193	107	3	Terraced House
£164.9K	12/20	0.47 mi	16, Warwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 5AQ	£1,279	129	3	Terraced House
£230K	02/23	0.47 mi	56, Warwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 5AQ	£2,091	110	3	Terraced House
£257K	06/23	0.48 mi	18, Wandsworth Road, Newcastle Upon Tyne, Tyne And Wear NE6 5AD	-	-	3	Terraced House
£235K	02/21	0.5 mi	91, Falmouth Road, Newcastle Upon Tyne, Tyne And Wear NE6 5NT	£1,911	123	3	Terraced House
£78K	11/23	0.5 mi	2, Spires Lane, Newcastle Upon Tyne, Tyne And Wear NE6 2NT	£788	99	3	Terraced House
£445K	12/20	0.52 mi	14, Stratford Grove Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5BA	£2,665	167	3	Terraced House
£218K	05/23	0.53 mi	87, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5NX	£1,744	125	3	Terraced House
£292.5K	04/24	0.53 mi	71, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5NX	-	-	3	Terraced House
£77K	06/21	0.55 mi	18, Chirton Wynd, Newcastle Upon Tyne, Tyne And Wear NE6 2PW	£975	79	3	Terraced House
£175K	06/21	0.58 mi	11, Cheltenham Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5HR	£1,336	131	3	Terraced House
£141.7K	09/21	0.58 mi	28, Chillingham Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EL	-	-	3	Terraced House
£120K	12/23	0.58 mi	22, Chillingham Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EL	£1,290	93	3	Semi-Detached House
£320K	12/23	0.6 mi	134, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5HS	£2,319	138	3	Terraced House
£280K	03/23	0.6 mi	142, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5HS	£2,523	111	3	Terraced House
£160K	03/21	0.6 mi	130, Cardigan Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5HS	£1,455	110	3	Terraced House
£128K	04/24	0.6 mi	191, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB	£1,306	98	3	Terraced House
£160K	09/23	0.61 mi	15, Queen Anne Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EN	£1,680	95	3	Terraced House
£70K	09/23	0.61 mi	2, Janet Square, Newcastle Upon Tyne, Tyne And Wear NE6 2AZ	-	-	3	Terraced House
£301K	10/22	0.62 mi	50, Amble Grove, Newcastle Upon Tyne, Tyne And Wear NE2 1NY	-	-	3	Terraced House
£126K	07/21	0.63 mi	10, Coppice Way, Newcastle Upon Tyne, Tyne And Wear NE2 1XS	£1,658	76	3	Terraced House
£169K	06/21	0.66 mi	80, Second Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5XT	£1,690	100	3	Terraced House
£120K	12/22	0.67 mi	182, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD	£1,712	70	3	Semi-Detached House
£260K	04/21	0.69 mi	23, Balmoral Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5YA	£2,185	119	3	Terraced House
£283.6K	07/23	0.69 mi	31, Balmoral Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5YA	£2,403	118	3	Terraced House
£275.5K	01/23	0.7 mi	8, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT	£2,798	98	3	Terraced House
£250K	02/23	0.7 mi	5, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT	£2,551	98	3	Terraced House
£155K	09/23	0.7 mi	20, Napier Street, Newcastle Upon Tyne, Tyne And Wear NE2 1XJ	£2,460	63	3	Terraced House

Local Rents

41 rents from £450/mo to £3.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	06/24	0.23 mi	Lime Square, City Road, Newcastle upon Tyne, NE1	3	Terraced House
£900	05/24	0.24 mi	Brinkburn Street, Newcastle upon Tyne, Tyne and Wear, NE6	3	Flat
£1,625	05/24	0.3 mi	(£125pppw) Mariners Wharf, Quayside,Newcastle Upon Tyne, NE1, (£125PPPW)	3	Flat
£1,231	03/25	0.31 mi	-	3	Flat
£2,000	06/24	0.34 mi	-	3	Terraced House
£900	05/24	0.37 mi	Bolingbroke Street, Newcastle Upon Tyne, NE6	3	Flat
£1,170	05/24	0.37 mi	£90pppw - Bolingbroke Street, Newcastle Upon Tyne	3	Flat
£1,300	06/24	0.37 mi	(£100pppw) Malcolm Street, Heaton, Newcastle Upon Tyne	3	Flat
£1,250	06/24	0.38 mi	-	3	Flat
£900	12/24	0.38 mi	-	3	Terraced House
£1,200	07/24	0.39 mi	Mowbray Street, Heaton	3	Flat
£850	05/24	0.39 mi	Falmouth Road, Heaton, NE6	3	Flat
£800	01/25	0.4 mi	-	3	Flat
£450	02/25	0.4 mi	-	3	Flat
£2,200	05/24	0.43 mi	-	3	Semi-Detached House
£3,145	06/24	0.43 mi	-	3	Semi-Detached House
£3,145	08/24	0.43 mi	-	3	Semi-Detached House
£1,105	05/24	0.43 mi	(£85pppw) Hotspur Street, Heaton, Newcastle Upon Tyne	3	Flat
£3,165	12/24	0.46 mi	-	3	Terraced House
£3,165	03/25	0.46 mi	-	3	Terraced House
£3,165	04/25	0.46 mi	-	3	Terraced House
£1,820	06/24	0.48 mi	Warwick Street, Heaton	3	Flat
£1,820	07/24	0.48 mi	Warwick Street, Heaton	3	Flat
£1,825	07/24	0.48 mi	Warwick Street, Heaton	3	Flat
£1,365	05/24	0.49 mi	Newington Road	3	Flat
£1,690	05/24	0.49 mi	Warwick Street	3	Flat
£1,500	07/24	0.5 mi	Kingsley Place, Heaton Newcastle Upon Tyne	3	Terraced House
£1,500	07/24	0.5 mi	Kingsley Place, Heaton Newcastle Upon Tyne	3	Terraced House
£3,500	02/25	0.5 mi	-	3	Flat
£1,250	06/24	0.5 mi	Stratford Grove, Heaton, Newcastle Upon Tyne	3	Terraced House
£1,170	05/24	0.56 mi	(£90pppw) City Road, Quayside, City Centre, NE1	3	Flat
£1,140	05/24	0.56 mi	-	3	Flat
£3,000	06/24	0.56 mi	Baltic Quay, Mill Road, Gateshead	3	Flat
£1,500	05/24	0.58 mi	Cheltenham Terrace, Newcastle Upon Tyne	3	Flat
£1,365	05/24	0.58 mi	£105 pppw - Henry Square, Shieldfield	3	Detached House
£1,690	07/24	0.59 mi	Copland Terrace, Shieldfield, Newcastle Upon Tyne	3	Flat
£1,500	05/24	0.6 mi	Brandon Grove, Newcastle upon Tyne, Tyne and Wear, NE2	3	Flat
£850	05/24	0.6 mi	Heaton Park View, Heaton, Newcastle Upon Tyne	3	Flat
£1,430	05/24	0.6 mi	Starbeck Avenue, Newcastle Upon Tyne	3	Flat
£1,430	06/24	0.61 mi	Beadnell Place, Shieldfield, Newcastle Upon Tyne	3	Flat
£2,500	07/24	0.62 mi	Mill Road, , Gateshead, Tyne and Wear, NE8 3QX	3	Flat

Local Area Statistics

Population in NE6	50,44150,441
Population in Newcastle upon Tyne	381,037381,037
Town centre distance	3.74 miles away3.74 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.43 miles away0.43 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+23%+23%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £70,000

April 11, 2024

Floor Plans

Description

Guide Price £70,000 to £80,000 +
Three Bedroom Terrace House +
Private Front Garden +
Excellent Buy To Let +
125 Year Lease From 21st August 2006 +
Excellent Transport & Road Links +
Disability Ramp To The Front Entrance. +
Council Tax Band A +
EPC Rating C +

THREE BEDROOM TERRACED HOUSE CASH BUYERS ONLY SPACIOUS DINER

DOWNSTAIRS W/C IDEAL BUY TO LET 125 YEAR LEASE FROM 21ST AUGUST 2006 EXCELLENT LOCATION **CLOSE TO AMENITIES *

**COUNCIL TAX BAND A EPC RATING C

Hallway - Double glazed entrance door into hallway.

Lounge - 3.46 x 3.18 (11'4" x 10'5" ) - Wood effect flooring, radiator, double glazed window.

Kitchen - 3.46 x 3.18 (11'4" x 10'5") - Double glazed door to rear garden, double glazed window, wall and floor units with work tops over, wood effect flooring, radiator.

Diner - 3.34 x 3.18 (10'11" x 10'5") - Wood effect flooring, radiator, double glazed window.

Downstairs W/C - Double glazed window, toilet, wash hand basin.

Bedroom 1 - 4.39 x 3.20 (14'4" x 10'5" ) - Double glazed window, radiator, cupboard.

Bedroom 2 - 3.19 x 2.79 (10'5" x 9'1" ) - Double glazed window, radiator.

Bedroom 3 - 3.17 x 2.40 (10'4" x 7'10") - Double glazed window, radiator, cupboards.

Bathroom - 3.15 x 1.47 (10'4" x 4'9") - Double glazed window, toilet, wash hand basin, bath with shower taps, tiling to walls, radiator.

External - Private rear garden, disabled ramp to the front entrance.

Lease - Lease for 125 years from 21 August 2006, solicitors to confirm lease details, ground rent and service charge.

Broadband - Standard
11Mb
Average download speed of the fastest package at this postcode*
Suitable for**
Web & social

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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