2 Bed Flat, Single Let, Washington, NE37 1SR, £85,000





ValuationOvervalued
Sold Prices | £40K - £275K |
Sold Prices/m² | £653/m² - £24.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.2K/m² |
Value Estimate | £75,750 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £21,250 |
Stamp Duty & Legal Fees | £5,450 |
Total Cash In | £26,700 |
| |
Cash Out | |
Rent Range | £550 - £2,200 |
Rent Estimate | £603 |
Running Costs/mo | £406 |
Cashflow/mo | £197 |
Cashflow/yr | £2,361 |
ROI | 9% |
Gross Yield | 9% |
Local Sold Prices
31 sold prices from £40K to £275K, average is £67K. £653/m² to £24.2K/m², average is £1.1K/m².
Local Rents
12 rents from £550/mo to £2.2K/mo, average is £723/mo.
Local Area Statistics
Population in NE37 | 21,032 |
Population in Washington | 52,264 |
Town centre distance | 0.92 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 3.14 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +71% |
Sales demand | Seller's market |
Capital growth (5yrs) | +4% |
Property History
Price changed to £85,000
February 12, 2025
Listed for £110,000
May 7, 2024
Description
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