2 Bed Flat, Single Let, Gateshead, NE10 8QX, £49,950
7 Lecondale Court, Gateshead, Tyne And Wear, NE10 8QX - 7 views - 9 months ago
Leasehold
BTL
ROI: 25%
~68 m²





+3 photos
ValuationUndervalued
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £12,488 |
Stamp Duty & Legal Fees | £2,699 |
Total Cash In | £15,186 |
| |
Cash Out | |
Rent Range | £600 - £850 |
Rent Estimate | £622 |
Running Costs/mo | £300 |
Cashflow/mo | £322 |
Cashflow/yr | £3,858 |
ROI | 25% |
Gross Yield | 15% |
Local Rents
33 rents from £600/mo to £850/mo, average is £695/mo.
Local Area Statistics
Population in NE10 | 35,991 |
Population in Gateshead | 122,353 |
Town centre distance | 1.37 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 1.21 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +32% |
Sales demand | Seller's market |
Capital growth (5yrs) | +26% |
Property History
Listed for £49,950
June 10, 2024
Sold for £50,000
2016
Sold for £57,500
2012
Sold for £58,000
2004
Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.
3 Bed House, Single Let, Gateshead, NE10 8QU
£120,000
6 views • a year ago • 93 m²
Sold STC
2 Bed House, Single Let, Gateshead, NE10 8SL
£105,000
4 views • 2 months ago • 68 m²
Sold STC
3 Bed House, Single Let, Gateshead, NE10 8LP
£130,000
4 views • 6 months ago • 93 m²
Auction
3 Bed House, Single Let, Gateshead, NE10 8LR
£105,000
4 views • 6 months ago • 93 m²