3 Bed Terraced House, Single Let, Hebburn, NE31 2AT, £105,000

35 Eastbourne Parade, Hebburn, Tyne And Wear, NE31 2AT - 5 views - a year ago

BTL
ROI: 10%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£75K - £443.5K
Sold Prices/m²£809/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£131,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£725 - £1,100

Rent Estimate

£738

Running Costs/mo

£496

Cashflow/mo

£242

Cashflow/yr

£2,907

ROI

10%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £443.5K, average is £137.5K. £809/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£123.5K11/230.09 mi7, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£75K04/210.09 mi37, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£117K01/240.09 mi37, Morecambe Parade, Hebburn, Tyne And Wear NE31 2AH3
£82K03/230.11 mi29, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£88K12/200.11 mi34, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£118K08/230.11 mi30, Southend Parade, Hebburn, Tyne And Wear NE31 2AR3
£80K04/210.11 mi34, Skegness Parade, Hebburn, Tyne And Wear NE31 2AJ3
£93.5K11/220.12 mi27, Skegness Parade, Hebburn, Tyne And Wear NE31 2AJ3
£104K08/210.13 mi1, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£76K05/210.13 mi23, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£122.5K09/230.13 mi50, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£130K01/240.13 mi2, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£83K07/210.13 mi6, Scarborough Parade, Hebburn, Tyne And Wear NE31 2AL3
£95.1K10/210.15 mi15, Penzance Parade, Hebburn, Tyne And Wear NE31 2AP3
£87K11/230.16 mi31, Hastings Parade, Hebburn, Tyne And Wear NE31 2AG3
£148K03/210.21 mi2, Alnwick Grove, Jarrow, Tyne And Wear NE32 5YT3
£177.5K04/240.21 mi37, Durham Grove, Jarrow, Tyne And Wear NE32 5YS3
£124K08/210.21 mi5, Blenkinsop Grove, Jarrow, Tyne And Wear NE32 5YH3
£82K02/230.24 mi18, Blackpool Parade, Hebburn, Tyne And Wear NE31 2AF3
£121K02/210.24 mi28, Tynemouth Road, Jarrow, Tyne And Wear NE32 5YR3
£185K06/230.25 mi5, Featherstone Grove, Jarrow, Tyne And Wear NE32 5YE3
£195K10/230.25 mi8, Coupland Grove, Jarrow, Tyne And Wear NE32 5YQ3
£195K10/230.26 mi33, Benedict Lane, Hebburn, Tyne And Wear NE31 2GA3
£122K05/210.28 mi125, Roman Road, Jarrow, Tyne And Wear NE32 4SJ3
£115K08/230.28 mi121, Roman Road, Jarrow, Tyne And Wear NE32 4SJ3
£300K09/210.32 mi92, York Avenue, Jarrow, Tyne And Wear NE32 5YA3
£215K02/240.33 mi10, Thirlwell Grove, Jarrow, Tyne And Wear NE32 5YD3
£145.5K07/210.35 mi22, Coventry Way, Jarrow, Tyne And Wear NE32 4TH3
£145.5K07/210.36 mi22, Coventry Way, Jarrow, Tyne And Wear NE32 4TH3
£320K11/230.36 mi68, York Avenue, Jarrow, Tyne And Wear NE32 5YB3
£443.5K11/220.37 miWyndrush, Monkton Lane, Monkton Village, Jarrow, Tyne And Wear NE32 5NP3
£305K03/230.38 mi83, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£290K08/240.38 mi71, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£275K11/200.38 mi65, York Avenue, Jarrow, Tyne And Wear NE32 5QW3
£135K04/240.39 mi14, Calf Close Lane, Jarrow, Tyne And Wear NE32 4SU3
£110K10/200.39 mi6, Devon Road, Hebburn, Tyne And Wear NE31 2DW3
£133K05/210.42 mi13, Ravensworth Terrace, Jarrow, Tyne And Wear NE32 5EF3
£140K01/210.42 mi15, Ravensworth Terrace, Jarrow, Tyne And Wear NE32 5EF3
£310K04/240.42 mi46, York Avenue, Jarrow, Tyne And Wear NE32 5QL3
£266K07/240.42 mi25, Cheviot Road, Monkton Village, Jarrow, Tyne And Wear NE32 5NT3
£152K08/230.43 mi47, Langley Terrace, Jarrow, Tyne And Wear NE32 5DX3
£115K03/210.43 mi14, Cornwall Road, Hebburn, Tyne And Wear NE31 2DP3
£197.5K07/210.45 mi32, Calf Close Drive, Jarrow, Tyne And Wear NE32 4SW3
£201K10/220.45 mi37, Leicester Way, Jarrow, Tyne And Wear NE32 4XG3
£197.5K07/210.45 mi32, Calf Close Drive, Jarrow, Tyne And Wear NE32 4SW3
£155K03/240.45 mi53, Leicester Way, Jarrow, Tyne And Wear NE32 4XQ3
£204K05/240.45 mi14, Morpeth Avenue, Jarrow, Tyne And Wear NE32 5DZ3
£180K05/230.45 mi29, Beaufront Terrace, Jarrow, Tyne And Wear NE32 5EB3
£110K02/230.45 mi91, Hexham Avenue, Hebburn, Tyne And Wear NE31 2DL3
£162.5K12/220.45 mi45, Norham Terrace, Jarrow, Tyne And Wear NE32 5DS3

Local Rents

14 rents from £725/mo to £1.1K/mo, average is £815/mo.

RentDateDistanceAddressBeds 
£72505/240.11 miSouthend Parade, Hebburn, Tyne & Wear, NE313
£72507/240.13 miScarborough Parade, Hebburn, NE313
£75006/230.16 mi-3
£75006/230.16 mi-3
£87505/240.18 mi-3
£87507/240.18 mi-3
£87507/240.18 miColwyn Parade, Hebburn, NE313
£77505/240.18 mi-3
£77507/240.37 miSomerset Road, Hebburn, Tyne and Wear, NE313
£87512/240.4 miRutland Road, Hebburn, Tyne And Wear, NE313
£1,10010/240.42 mi-3
£80506/240.46 mi-3
£92506/240.56 mi-3
£82505/240.6 miCherry Tree Walk, Hebburn3

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £105,000

May 16, 2024

Sold for £88,000

2007

Floor Plans

Description

  • TENANTED INVESTMENT +
  • THREE BEDROOM TERRACE +
  • SPACIOUS LOUNGE +
  • MODERN KITCHEN/DINER +

* TENANTED INVESTMENT *

Pattinson Estate Agents welcome to the market this Three Bedroom Terraced property located on Eastbourne Parade, Lukes Lane, Hebburn.

Well presented throughout, the property benefits from spacious living with a large Lounge and modern Kitchen/Diner. To the first floor is three generously sized bedrooms and the Family Bathroom.

Ideally located for local schools, the property is also close to local amenities and public transport with local bus routes operating to Hebburn, Jarrow and South Shields with Fellgate Metro also a short distance away for direct travel to Newcastle City Centre and Sunderland City Centre. Excellent road links make travel easy via the A1, A19 and Tyne Tunnel.

Briefly comprising of; Porch/Entrance, Lounge, Kitchen/Diner and rear Hallway. To the first floor lies Three Bedrooms and the Family Bathroom. Externally to the front is a private lawned garden and to the rear a private low maintenance garden with gated access to the rear lane.

Call Pattinson Jarrow on or email

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Jarrow

0191 625 0173

Next Steps?

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