3 Bed Terraced House, Single Let, Gateshead, NE10 8QU, £120,000

Rickgarth, Leam Lane, Gateshead, NE10 8QU - 6 views - a year ago

BTL
ROI: 6%
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£41.7K - £225K
Sold Prices/m²£521/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£144,373
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£650 - £2,750

Rent Estimate

£725

Running Costs/mo

£540

Cashflow/mo

£185

Cashflow/yr

£2,220

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £41.7K to £225K, average is £131.5K. £521/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£110K06/210.05 mi18, Brockwade, Gateshead, Tyne And Wear NE10 8SL3
£127.5K12/220.06 mi41, Rickgarth, Gateshead, Tyne And Wear NE10 8QT3
£97K05/230.08 mi80, Wealcroft, Gateshead, Tyne And Wear NE10 8QR3
£97.2K10/200.15 mi10, Englefeld, Gateshead, Tyne And Wear NE10 8RL3
£155K06/230.16 mi4, Staneway, Gateshead, Tyne And Wear NE10 8LR3
£125K02/230.17 mi23, Donside, Gateshead, Tyne And Wear NE10 8RE3
£128K06/210.18 mi2, Pontdyke, Gateshead, Tyne And Wear NE10 8LP3
£133K12/200.18 mi22, Whitehill, Gateshead, Tyne And Wear NE10 8NQ3
£137K06/230.18 mi6, Whitehill, Gateshead, Tyne And Wear NE10 8NQ3
£92.5K04/210.18 mi17, Wardenlaw, Gateshead, Tyne And Wear NE10 8NE3
£142K06/230.22 mi134, Staneway, Gateshead, Tyne And Wear NE10 8LS3
£96K10/210.22 mi97, Chevington, Gateshead, Tyne And Wear NE10 8SB3
£125K05/230.24 mi78, Whyndyke, Gateshead, Tyne And Wear NE10 8NP3
£111K03/210.24 mi4, Whyndyke, Gateshead, Tyne And Wear NE10 8NP3
£120K10/210.26 mi22, Oakwood, Gateshead, Tyne And Wear NE10 8LU3
£105K05/210.27 mi58, Chevington, Gateshead, Tyne And Wear NE10 8LA3
£125K10/210.29 mi20, Cotemede, Gateshead, Tyne And Wear NE10 8JQ3
£118K01/210.32 mi53, Monkton, Gateshead, Tyne And Wear NE10 8NU3
£128K08/230.33 mi127, Cotemede, Gateshead, Tyne And Wear NE10 8JT3
£130K08/210.34 mi102, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£145K10/200.34 mi101, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£147K08/210.34 mi90, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£191K09/210.34 mi10, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£158K10/210.34 mi55, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£165K03/210.34 mi6, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£105K01/210.38 mi25, Hartburn, Gateshead, Tyne And Wear NE10 8JE3
£140K08/210.38 mi88, Cotemede, Gateshead, Tyne And Wear NE10 8JR3
£88.5K01/240.4 mi10, Aycliffe Avenue, Gateshead, Tyne And Wear NE9 7BU3
£169.9K04/210.41 mi51, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£150K10/210.41 mi3, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£130K11/220.41 mi57, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£150K11/200.41 mi28, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£158K06/230.41 mi46, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£150.5K03/230.41 mi79, Millford, Gateshead, Tyne And Wear NE10 8JJ3
£158.5K12/210.42 mi19, Cedarway, Gateshead, Tyne And Wear NE10 8LD3
£120K09/210.45 mi9, Hopedene, Gateshead, Tyne And Wear NE10 8JA3
£225K08/220.46 mi6, Westfield, Gateshead, Tyne And Wear NE10 8NF3
£185K05/230.46 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£175K04/210.46 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£147K05/210.46 mi51, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£180K05/230.46 mi4, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£110K01/210.46 mi24, Brandywell, Gateshead, Tyne And Wear NE10 8PX3
£118K05/230.46 mi19, Brandywell, Gateshead, Tyne And Wear NE10 8PX3
£144K01/210.47 mi24, Harleston Way, Gateshead, Tyne And Wear NE10 9BH3
£163K05/230.48 mi89, Westfield, Gateshead, Tyne And Wear NE10 8PD3
£140K04/230.48 mi20, Coverdale, Gateshead, Tyne And Wear NE10 8HU3
£97K03/210.48 mi24, Coverdale, Gateshead, Tyne And Wear NE10 8HU3
£116K06/210.49 mi46, Bleachfeld, Gateshead, Tyne And Wear NE10 8PY3
£41.7K09/230.49 mi29, Bleachfeld, Gateshead, Tyne And Wear NE10 8PY3
£147K09/220.49 mi87, Westfield, Gateshead, Tyne And Wear NE10 8PD3

Local Rents

30 rents from £650/mo to £2.8K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85006/240.18 miPontdyke, Leam Lane, Gateshead, Tyne And Wear, NE103
£82003/250.26 mi-3
£80002/250.28 mi-3
£77505/240.38 miCotemede, Gateshead, Tyne And Wear, NE103
£90008/240.55 miMeresyde, Gateshead, Tyne And Wear, NE103
£90007/240.57 miRedemarsh, Leam Lane, Gateshead, Tyne And Wear, NE103
£87505/240.58 miGateshead, Gateshead, NE103
£87503/240.58 mi-3
£92511/240.59 mi-3
£95002/250.66 mi-3
£1,00007/240.87 miMillford, Leam Lane, Gateshead3
£65008/240.96 mi-3
£89905/240.97 mi-3
£1,05006/240.99 miWatermill Lane, Gateshead, NE103
£1,05006/240.99 mi-3
£1,00006/240.99 miWatermill Lane, Felling, Gateshead, Tyne And Wear, NE103
£2,35006/241.01 mi-3
£2,35007/241.01 mi-3
£2,20003/251.01 mi-3
£85006/241.01 miMeadowfield, Springwell Village, Gateshead, NE9, Tyne and Wear3
£90007/241.03 miThropton Close, Wardley, Gateshead, Tyne And Wear, NE103
£72506/241.03 miFernlough, Gateshead, NE93
£72506/241.03 mi-3
£90005/241.08 miSycamore Grove, Felling, Gateshead, NE103
£2,75007/241.15 miWentworth Drive, Usworth3
£69512/231.16 mi-3
£97512/231.19 mi-3
£75006/241.19 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£75007/241.19 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£77505/241.2 miBondene Avenue West, Gateshead, Tyne & Wear3

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £120,000

May 1, 2024

Description

  • Three Bedrooms +

  • Popular Location +

  • Modern Dining Kitchen +

  • Gardens Front & Rear +

  • Council Tax Band A +

  • EPC Rating D +

Offered for sale with NO ONWARD CHAIN is this well presented mid terraced home, appealing to first time buyers, investors and families alike. The living space offers a spacious dual aspect lounge, a MODERN DINING KITCHEN, three bedrooms, bathroom and separate WC. The property is set on a pedestrianised frontage and has ENCLOSED GARDENS to the front and rear. Local amenities and facilities are available within Leam Lane whilst transport routes and services provide links to the surrounding areas.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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