2 Bed Terraced House, Single Let, Newcastle upon Tyne, NE16 5PP, £100,000

Farm Close, Sunniside, Newcastle upon Tyne, Tyne and Wear, NE16 5PP - 9 months ago

BTL
ROI: 6%
~81 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£500 - £825

Rent Estimate

£603

Running Costs/mo

£453

Cashflow/mo

£150

Cashflow/yr

£1,799

ROI

6%

Gross Yield

7%













Local Rents

11 rents from £500/mo to £825/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69503/240.05 mi-2
£74511/240.11 mi-2
£70003/250.12 mi-2
£65006/240.24 miKingsway, Sunniside, NE162
£59506/240.27 miDunnock Drive, Sunniside, Newcastle upon Tyne, NE162
£62506/240.28 miKingsway, Sunniside, NE162
£82501/250.3 mi-2
£50006/240.34 miCuthbert Street, Marley Hill, Newcastle Upon Tyne, NE162
£75002/250.34 mi-2
£75007/241.14 miMarston Walk, Whickham2
£65006/241.21 miFellside Mews, Whickham, Newcastle Upon Tyne2

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

5.99 miles away

Nearest school

0.80 miles away

Nearest train station

2.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £100,000

January 19, 2025

Listed for £125,000

June 18, 2024

Floor Plans

Description

  • Front and rear Gardens +
  • Two bedroom +
  • End Terrace house +
  • Situated in the popular area of Sunniside +
  • Garage and parking +

We are delighted to offer this two-bedroom terrace situated in the popular area of Sunniside, which is close to local amenities and excellent transport links. The property benefits from gardens to the front and rear, as well as a garage with parking. The accommodation briefly comprises an entrance porch, lounge, utility room, kitchen, stairs to the 1st floor, master bedroom, family bathroom, and the second bedroom. Externally, there are gardens to the front and rear, as well as a detached garage with parking in front of the garage.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Whickham

0191 607 1630

Next Steps?

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