3 Bed Terraced House, Single Let, Cramlington, NE23 6RH, £99,950

Ridley Street, Cramlington, Northumberland, NE23 6RH - 5 views - 10 months ago

BTL
ROI: 13%
~82 m²
+7 photos

ValuationUndervalued

Sold Prices£35K - £260K
Sold Prices/m²£409/m² - £2.9K/m²

 

 

Square Metres

~82 m²
Price/m²£1.2K/m²

Value Estimate

£120,940
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Rent Range

£800 - £1,095

Rent Estimate

£800

Running Costs/mo

£492

Cashflow/mo

£308

Cashflow/yr

£3,692

ROI

13%

Gross Yield

10%

Local Sold Prices

49 sold prices from £35K to £260K, average is £135K. £409/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£77K04/210.02 mi14, Storey Street, Cramlington, Northumberland NE23 6RL3
£124K02/240.04 mi2, Ridley Street, Cramlington, Northumberland NE23 6RH3
£99K07/240.04 mi8, Ridley Street, Cramlington, Northumberland NE23 6RH3
£85K03/230.04 mi25, Ridley Street, Cramlington, Northumberland NE23 6RH3
£155K11/230.05 mi3, West View, Cramlington, Northumberland NE23 6RJ3
£88K07/210.11 mi7, Percy Street, Cramlington, Northumberland NE23 6RG3
£102K09/230.11 mi6, Percy Street, Cramlington, Northumberland NE23 6RG3
£170K06/210.14 mi20, Pickering Close, Cramlington, Northumberland NE23 6QB3
£179.9K01/240.18 mi84, Cateran Way, Cramlington, Northumberland NE23 6HG3
£190K10/230.24 mi41, Beech Avenue, Cramlington, Northumberland NE23 6XS3
£166K03/210.24 mi21, Beech Avenue, Cramlington, Northumberland NE23 6XS3
£148.5K12/230.24 mi57, Cramond Way, Cramlington, Northumberland NE23 6LA3
£163K11/200.25 mi15, Cranshaw Place, Cramlington, Northumberland NE23 6JY3
£136K11/200.27 mi11, Coomside, Cramlington, Northumberland NE23 6HW3
£157K01/240.27 mi23, Coomside, Cramlington, Northumberland NE23 6HW3
£132.5K08/230.27 mi13, Coomside, Cramlington, Northumberland NE23 6HW3
£260K12/230.29 mi1, Cairnsmore Close, Cramlington, Northumberland NE23 6LE3
£110K05/210.3 mi1, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£170K04/240.3 mi57, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£128K05/210.32 mi13, Chatton Avenue, Cramlington, Northumberland NE23 6TA3
£135K05/240.32 mi40, Chatton Avenue, Cramlington, Northumberland NE23 6TA3
£107.5K09/230.33 mi22, Chesterhill, Cramlington, Northumberland NE23 6JN3
£113.8K08/210.33 mi16, Chesterhill, Cramlington, Northumberland NE23 6JN3
£122.5K07/230.33 mi29, Chesterhill, Cramlington, Northumberland NE23 6JN3
£118K03/210.33 mi6, Chesterhill, Cramlington, Northumberland NE23 6JN3
£170K11/230.36 mi32, Village Road, Cramlington, Northumberland NE23 2AJ3
£135K11/230.38 mi24, Chipchase Avenue, Cramlington, Northumberland NE23 6TS3
£35K10/210.41 mi39, Reedswood Crescent, Cramlington, Northumberland NE23 6RW3
£146.5K03/210.41 mi38, Reedswood Crescent, Cramlington, Northumberland NE23 6RW3
£209K05/230.44 mi59, Westerkirk, Cramlington, Northumberland NE23 6NE3
£189.9K06/210.44 mi58, Westerkirk, Cramlington, Northumberland NE23 6NE3
£91K12/220.44 mi43, Allensgreen, Cramlington, Northumberland NE23 6SG3
£116K08/230.45 mi40, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£180K01/240.45 mi7, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£140K05/210.45 mi25, Fernley Villas, Cramlington, Northumberland NE23 2AG3
£152K04/240.47 mi64, Mayfield Avenue, Cramlington, Northumberland NE23 2AA3
£85K09/230.47 mi42, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£97K01/210.47 mi32, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£125K11/220.47 mi35, Tindale Avenue, Cramlington, Northumberland NE23 2BP3
£165K02/210.48 mi12, Dewley, Cramlington, Northumberland NE23 6DS3
£100K08/210.5 mi36, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£120K04/240.5 mi42, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£123K12/230.5 mi4, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£191.5K07/230.53 mi15, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£160K08/210.53 mi10, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£225K11/210.53 mi10, Waterbeck Close, Cramlington, Northumberland NE23 6LT3
£116K03/240.54 mi43, Alexandra Way, Cramlington, Northumberland NE23 6EA3
£115K04/230.55 mi17, Debdon Place, Cramlington, Northumberland NE23 6DJ3
£145K12/220.55 mi98, Tindale Avenue, Cramlington, Northumberland NE23 2DB3

Local Rents

11 rents from £800/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£94010/240.16 mi-3
£1,09503/250.3 mi-3
£80006/240.36 miChipchase Avenue, Cramlington, NE233
£80006/240.38 miChipchase Avenue, Cramlington3
£90006/240.57 miSouth View Place, Cramlington, Northumberland, NE233
£87507/240.58 mi-3
£85006/240.58 miAlexandra Way, Cramlington, NE233
£87507/240.58 miAlexandra Way, Cramlington, NE233
£92508/240.6 mi-3
£92507/240.6 miDoddington Drive, Cramlington, NE233
£95002/250.61 mi-3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.98 miles away

Nearest school

0.50 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £99,950

June 24, 2024

Sold for £96,000

2007

Floor Plans

Description

  • Well proportioned three bedroom home +
  • Outside space +
  • Great location +
  • Open plan kitchen/diner +

Super opportunity to purchase a well proportioned three bedroom home. Ideal for first time homeowners and families. Potential as a buy to let too, with a rental return of £795 and Cramlington hospital and great road links nearby. This home has some great features such as an open plan kitchen/diner and a garden area too. The accommodation comprises entrance hallway, living room, open plan kitchen/diner, three bedrooms and a bathroom. Externally there are is a rear garden with timber boundary and gated access. This home is well located for local travel routes and the NSECH.
No onward purchase!

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Cramlington

01670 332737

Next Steps?

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