2 Bed Flat, Single Let, Newcastle upon Tyne, NE16 3BU, £60,000
Park Terrace, Swalwell, Newcastle upon Tyne, Tyne and Wear, NE16 3BU - 10 months ago
Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+2 photos
ValuationUndervalued
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 | £525 - £950 |
Rent Estimate | £500 |
Running Costs/mo | £307 |
Cashflow/mo | £193 |
Cashflow/yr | £2,316 |
ROI | 13% |
Gross Yield | 10% |
Local Rents
19 rents from £525/mo to £950/mo, average is £675/mo.
Local Area Statistics
Population in NE16 | 25,637 |
Population in Newcastle upon Tyne | 381,037 |
Town centre distance | 3.93 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.82 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | -3% |
Sales demand | Balanced market |
Capital growth (5yrs) | +33% |
Property History
Listed for £60,000
May 1, 2024
Sold for £39,950
2003
Description
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