2 Bed Flat, Single Let, Wallsend, NE28 6PL, £65,000

Holly Avenue, Wallsend, NE28 6PL - a year ago

BTL

ROI: 13%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£50K - £131.3K
Sold Prices/m²	£758/m² - £1.8K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£79,950£79,950
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£4,450£4,450
Total Cash In	£20,700£20,700

Cash Out
Rent Range	£525 - £825£525 - £825
Rent Estimate	£550
Running Costs/mo	£333£333
Cashflow/mo	£217£217
Cashflow/yr	£2,603£2,603
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £79K. £758/m² to £1.8K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£69K	12/23	0.03 mi	159, Vine Street, Wallsend, Tyne And Wear NE28 6JB	£1,438	48	2	Flat
£75K	11/22	0.05 mi	76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ	£1,056	71	2	Flat
£60.8K	02/23	0.09 mi	43, Park Road, Wallsend, Tyne And Wear NE28 6QZ	-	-	2	Flat
£53.3K	09/23	0.15 mi	137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	-	-	2	Flat
£72K	10/23	0.15 mi	131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	£1,060	68	2	Flat
£55K	10/20	0.17 mi	264, High Street East, Wallsend, Tyne And Wear NE28 7RX	£1,077	51	2	Flat
£72K	03/21	0.18 mi	33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU	£1,157	62	2	Flat
£50K	12/22	0.18 mi	244, High Street East, Wallsend, Tyne And Wear NE28 7RX	£758	66	2	Flat
£55K	11/21	0.19 mi	41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	£948	58	2	Flat
£60K	01/21	0.19 mi	11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	-	-	2	Flat
£87.2K	02/23	0.2 mi	78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX	-	-	2	Flat
£71K	07/23	0.21 mi	106, Park Road, Wallsend, Tyne And Wear NE28 7QR	-	-	2	Flat
£80K	07/23	0.23 mi	10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ	£1,230	65	2	Flat
£87.5K	10/22	0.25 mi	45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB	£1,389	63	2	Flat
£78K	12/22	0.25 mi	9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB	£1,271	61	2	Flat
£89K	05/24	0.27 mi	53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	-	-	2	Flat
£89K	02/23	0.27 mi	17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£89K	02/23	0.27 mi	19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£85K	08/21	0.28 mi	122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,417	60	2	Flat
£77.5K	01/23	0.28 mi	94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,462	53	2	Flat
£71K	03/21	0.28 mi	314, High Street East, Wallsend, Tyne And Wear NE28 7JZ	£1,203	59	2	Flat
£80K	01/23	0.29 mi	88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	-	-	2	Flat
£90K	01/23	0.29 mi	38, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£1,410	64	2	Flat
£50K	01/21	0.29 mi	1, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£847	59	2	Flat
£80K	07/23	0.31 mi	44, Grey Street, Wallsend, Tyne And Wear NE28 7SE	-	-	2	Flat
£131.3K	09/23	0.35 mi	204, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,823	72	2	Flat
£85K	02/21	0.35 mi	248, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,164	73	2	Flat
£59.5K	06/23	0.35 mi	12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH	£1,144	52	2	Flat
£85K	09/23	0.36 mi	28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ	£1,604	53	2	Flat
£90K	03/24	0.37 mi	28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH	-	-	2	Flat
£69.5K	07/21	0.37 mi	30, David Street, Wallsend, Tyne And Wear NE28 8RA	£1,137	61	2	Flat
£95.5K	12/22	0.39 mi	147, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,448	66	2	Flat
£95K	03/23	0.39 mi	123, North Road, Wallsend, Tyne And Wear NE28 8RH	-	-	2	Flat
£93K	11/23	0.39 mi	121, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,500	62	2	Flat
£78K	12/22	0.4 mi	38, John Street, Wallsend, Tyne And Wear NE28 8QX	£1,500	52	2	Flat
£57.5K	02/21	0.41 mi	17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY	£1,106	52	2	Flat
£105K	08/23	0.43 mi	86, North Road, Wallsend, Tyne And Wear NE28 8RJ	£1,500	70	2	Flat
£73K	08/21	0.43 mi	94, North Road, Wallsend, Tyne And Wear NE28 8RJ	-	-	2	Flat
£59K	01/21	0.46 mi	7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN	£1,091	54	2	Flat
£75K	08/21	0.46 mi	38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU	£1,190	63	2	Flat
£66K	03/24	0.48 mi	40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ	-	-	2	Flat
£129.9K	03/21	0.49 mi	133, The Avenue, Wallsend, Tyne And Wear NE28 6SD	£1,250	104	2	Flat
£75K	07/21	0.52 mi	8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD	£1,092	69	2	Flat
£82.5K	07/23	0.52 mi	25, North Road, Wallsend, Tyne And Wear NE28 8LF	£1,162	71	2	Flat
£85K	12/22	0.54 mi	298, Station Road, Wallsend, Tyne And Wear NE28 8SQ	£1,287	66	2	Flat
£113K	01/23	0.55 mi	52, Windermere Close, Wallsend, Tyne And Wear NE28 8QH	£1,808	63	2	Flat
£73K	10/23	0.57 mi	34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,237	59	2	Flat
£80K	10/20	0.57 mi	30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,333	60	2	Flat
£99K	06/21	0.57 mi	35, Windermere Close, Wallsend, Tyne And Wear NE28 8QH	£1,571	63	2	Flat
£107K	03/21	0.57 mi	51, Windermere Close, Wallsend, Tyne And Wear NE28 8QH	£1,531	70	2	Flat

Local Rents

28 rents from £525/mo to £825/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£525	05/24	0.08 mi	Holly Avenue, Wallsend	2	Flat
£720	07/24	0.09 mi	-	2	Flat
£675	04/24	0.11 mi	-	2	Flat
£600	10/23	0.15 mi	-	2	House
£575	07/24	0.15 mi	High Street East, Wallsend, Tyne and Wear, NE28 7RX	2	Flat
£650	06/24	0.18 mi	Coronation Street, Wallsend, North Tyneside, NE28	2	Flat
£650	05/24	0.2 mi	Dene Crescent, Wallsend. NE28 7SN. Garden & Drive	2	Flat
£650	11/23	0.23 mi	-	2	House
£695	11/24	0.23 mi	-	2	Flat
£620	01/25	0.24 mi	-	2	Flat
£625	05/24	0.26 mi	Hugh Street, Wallsend, NE28	2	Flat
£550	09/23	0.27 mi	-	2	Flat
£595	07/24	0.28 mi	Dene Crescent, Wallsend, Tyne and Wear, NE28	2	Flat
£650	06/24	0.29 mi	Wallsend, Tyne and Wear, NE28	2	Flat
£575	06/24	0.29 mi	Percy Street, Wallsend	2	Flat
£550	07/24	0.3 mi	Dene Crescent, Wallsend	2	Flat
£550	07/24	0.3 mi	Dene Crescent, Wallsend	2	Flat
£725	12/24	0.33 mi	-	2	Flat
£595	05/24	0.34 mi	-	2	Flat
£800	05/24	0.35 mi	-	2	Flat
£750	04/24	0.35 mi	-	2	Flat
£825	11/24	0.39 mi	-	2	Flat
£825	02/25	0.39 mi	-	2	Flat
£795	07/24	0.54 mi	-	2	Flat
£795	07/24	0.54 mi	Wallsend, Tyne And Wear, NE28	2	Flat
£800	05/24	0.58 mi	-	2	Flat
£825	01/25	0.58 mi	-	2	Terraced House
£550	06/24	0.62 mi	South Terrace, Wallsend, NE28	2	Flat

Local Area Statistics

Population in NE28	44,51944,519
Population in Wallsend	44,52044,520
Town centre distance	0.86 miles away0.86 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+43%+43%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Price changed to £65,000

January 15, 2025

Listed for £67,500

May 21, 2024

Description

* NEW TO THE MARKET*

Tenanted until June 2025

BEING SOLD AS A PAIR WITH THE DOWNSTAIRS FLAT £135,000

2 bed Ground Floor Flat Near Wallsend Metro and its local amenities.

The property has benefited from being newly decorated with neutral colours throughout.

Spacious lounge with Fire Place.

Kitchen to the rear including oven and hob and plenty of cupboard space. Laminated through to the Bathroom which has had a new Shower being installed,

Shard back yard

Freehold

Agent Details

Daniel Craig Residential, Gateshead

0191 265 6555

Next Steps?

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

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