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

25 Drumaldrace, Blackfell, Washington, Tyne & Wear, NE37 1SR - a year ago

Leasehold
BTL
ROI: 9%
~68 m²
+4 photos

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.

PriceDateDistanceAddressBeds 
£63.1K11/200.01 mi3, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£72.5K02/230.01 mi24, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£80.5K10/220.04 mi6, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£59.5K02/210.12 mi8, Lingmell, Washington, Tyne And Wear NE37 1TN2
£50K11/220.13 mi1, Lingmell, Washington, Tyne And Wear NE37 1TN2
£85K09/230.14 mi55, Grizedale, Washington, Tyne And Wear NE37 1TZ2
£79.5K07/220.18 mi64, Lingmell, Washington, Tyne And Wear NE37 1TT2
£80K11/220.24 mi34, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ2
£40K06/230.25 mi14, Mardale, Washington, Tyne And Wear NE37 1TH2
£74K04/230.29 mi8, Fell Close, Washington, Tyne And Wear NE37 1AX2
£52K08/230.36 mi98, Bamburgh Close, Washington, Tyne And Wear NE38 0HR2
£70K08/230.37 mi34, Westernmoor, Washington, Tyne And Wear NE37 1LP2
£62K05/230.43 mi10, Brackenway, Washington, Tyne And Wear NE37 1AW2
£60K09/220.43 mi8, Brackenway, Washington, Tyne And Wear NE37 1AW2
£60K01/230.43 mi9, Lumley Close, Washington, Tyne And Wear NE38 0HX2
£52.5K08/220.47 mi116, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£70K06/230.47 mi131, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£72.5K12/230.53 mi30, Burnway, Washington, Tyne And Wear NE37 1BQ2
£67K12/230.53 mi40, Burnway, Washington, Tyne And Wear NE37 1BQ2
£55K06/220.54 mi8, Dunstanburgh Close, Washington, Tyne And Wear NE38 0JE2
£71K01/230.56 mi37, Burnway, Washington, Tyne And Wear NE37 1BQ2
£55K10/220.6 mi13, Witton Court, Washington, Tyne And Wear NE38 0JH2
£40K12/200.6 mi15, Witton Court, Washington, Tyne And Wear NE38 0JH2
£65K07/230.63 mi40, Donvale Road, Washington, Tyne And Wear NE37 1DQ2
£50K08/220.64 mi48, Warkworth Close, Washington, Tyne And Wear NE38 0JN2
£72.5K07/230.66 mi89, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£85K06/230.66 mi87, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£43K04/210.74 mi49, Newstead Court, Washington, Tyne And Wear NE38 7PF2
£67.5K03/210.84 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2
£67.5K03/210.88 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2
£275K12/200.95 mi20, Liberty Green, Washington, Tyne And Wear NE38 7UA2

Local Rents

12 rents from £550/mo to £2.2K/mo, average is £723/mo.

RentDateDistanceAddressBeds 
£62503/250.01 mi-2
£79511/240.03 mi-2
£82504/240.14 mi-2
£62505/240.18 mi-2
£65007/240.21 mi62 Stridingedge2
£62503/250.38 mi-2
£59512/240.47 miLumley Close, Washington, Tyne and Wear, NE38 0HX2
£55005/240.54 mi-2
£2,20006/240.57 mi-2
£2,20006/240.57 mi-2
£2,20002/250.57 mi-2
£2,20003/250.57 mi-2

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

  • TOP FLOOR APARTMENT +
  • NO ONWARD CHAIN +
  • GREAT LOCATION +
  • CLOSE TO ROAD AND TRANSPORT LINKS +
  • GOOD DECORATIVE ORDER +
  • ELECTRIC HEATING +
  • FURNITURE INCLUDED +
  • IDEAL FOR FIRST TIME BUYER +
  • ALLOCATED CAR PARKING +
  • VIEWING HIGHLY ADVISED +

Located in the charming area of Blackfell in Washington, Drumaldrace is a delightful apartment is a gem waiting to be discovered. Situated on the top floor, this property boasts two spacious double bedrooms, perfect for a small family or professionals looking for extra space.

The property features a cosy reception room, ideal for relaxing after a long day. With a well-maintained bathroom, you'll have all the comfort you need. The allocated parking space for one vehicle ensures convenience for those with a car.

Built between 1990-1999, this apartment offers a blend of modern amenities and classic charm. The inclusion of furniture adds to the appeal, making it move-in ready for the new owners.

Conveniently located near the local shopping centre, you'll have easy access to a variety of shops and amenities. Whether you're looking for a peaceful retreat or a place close to the buzz of the town, this apartment offers the best of both worlds.

Don't miss out on the opportunity to make this lovely apartment your new home. Book a viewing today and step into a world of comfort and convenience.

Entrance Hall - 2.82m x 1.70m (9'3 x 5'7) -

Lounge/Dining - 5.36m x 4.17m (17'7 x 13'8) -

Kitchen - 2.44m x 2.03m (8 x 6'8) -

Bedroom One - 3.35m x 3.00m (11 x 9'10) -

Bedroom Two - 3.25m x 2.97m (10'8 x 9'9) -

Bathroom - 2.41m x 1.75m (7'11 x 5'9) -

External -

Disclaimer Sales - The particulars on these properties are set out as a general guidance for intended purchasers or tenants, and do not constitute part of an offer or contract. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. All dimensions, descriptions and distances, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility. Any intending purchasers or tenants should not rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Measurements have been taken using a laser distance meter and may be subject to a margin of error. For further information see the Consumer Protection from Unfair Trading Regulations.

Agent Details

Carousel Estate Agents, Gateshead

0191 625 1023

Next Steps?

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