3 Bed Semi-Detached House, Refurb/BRRR, Gateshead, NE9 6JT, £269,950

5 St. Andrews Drive, Gateshead, NE9 6JT - 9 months ago

Sold STC
Refurb/BRRR
ROI: 1%
82 m²
+17 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,488

Stamp Duty & Legal Fees

£15,695

Refurb Costs

£31,389

Bridging Loan Interest

£7,086

Total Cash In

£123,408

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£234,000

Mortgage (After Refinance)

£175,500

Mortgage LTV

75%

Cash Left In

£123,408

Equity

£58,500

Rent Range

£695 - £1,650

Rent Estimate

£1,066

Running Costs/mo

£964

Cashflow/mo

£102

Cashflow/yr

£1,219

ROI

1%

Gross Yield

5%













Local Rents

22 rents from £695/mo to £1.6K/mo, average is £973/mo.

RentDateDistanceAddressBeds 
£1,25006/240.33 miWells Gardens, Low Fell3
£1,25007/240.33 miWells Gardens, Low Fell3
£95007/240.33 miSalcombe Gardens, Low Fell, NE93
£77506/240.59 miWesley Street, Low Fell, Gateshead3
£89506/240.65 miCherrytree Gardens, Low Fell3
£69506/240.65 miAshford, Gateshead, NE93
£99509/240.68 mi-3
£85006/240.7 miHarraby Gardens, Low Fell, Gateshead, NE93
£1,05003/250.7 mi-3
£1,39506/240.71 miChurch Road, Low Fell3
£85007/240.85 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£1,29506/240.92 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£1,45003/230.93 mi-3
£1,40004/230.93 mi-3
£1,65008/240.93 mi-3
£1,50006/240.93 miJoicey Road, Gateshead, NE93
£75007/240.93 miHarewood Green, Gateshead3
£80007/240.94 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93
£75006/240.97 miBramhope Green, Harlow Green, Gateshead, NE93
£89506/241.07 miFlorence Avenue, Low Fell, Gateshead, NE93
£80007/241.09 miSeaham Gardens, Wrekenton3
£1,20003/251.1 mi-3

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

1.23 miles away

Nearest school

0.10 miles away

Nearest train station

2.12 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £269,950

June 26, 2024

Description

Welcome to St Andrews Drive, a charming residence nestled within the prestigious Fisher Estate in the sought-after area of Low Fell. This exquisite home underwent a meticulous renovation six years ago and is presented in immaculate condition, offering a blend of elegance and modern comfort.
The standout feature of this remarkable property is the stunning breakfasting kitchen, equipped with a range of built-in appliances and a generously sized island. An extension leads to a delightful garden room, providing lovely views of the South facing rear garden, creating a peaceful retreat in the heart of the home.
Upon entering the property, you are greeted by an entrance lobby leading to a hallway that seamlessly flows into the spacious lounge. The ground floor also comprises a well-appointed breakfasting kitchen, a garden room that doubles as a dining area, a convenient WC, and a utility room that was cleverly converted from the garage.
Ascending upstairs, a landing leads to three tastefully decorated bedrooms. The stylish family bathroom features beautiful tiling and a practical walk-in shower unit, adding a touch of luxury to everyday living.
Externally, the property features a two-car driveway, providing convenient off-road parking. The rear garden is a haven of tranquility, boasting an external garden room that is currently utilised as an entertainment space but could easily be transformed into a home office for remote work, blending work and leisure seamlessly.
Don't miss the opportunity to make St Andrews Drive your new address and experience the epitome of luxurious living in this enchanting abode. Contact us today to arrange a viewing and make this dream home a reality.

Entrance Porch -

Hallway - 1.88 x 3.13 (6'2" x 10'3") -

Lounge - 3.69 x 3.90 (12'1" x 12'9") -

Breakfasting Kitchen - 5.14 x 3.65 (16'10" x 11'11") -

Garden Room / Conservatory - 4.10 x 2.30 (13'5" x 7'6") -

Utility Area -

Ground Floor Wc - 2.24 x 1.24 (7'4" x 4'0") -

First Floor -

Bedroom One - 3.43 x 3.00 (11'3" x 9'10") -

Bedroom Two - 3.43 x 3.00 (11'3" x 9'10") -

Bedroom Three - 2.41 x 2.80 (7'10" x 9'2") -

Bathroom/Wc - 2.68 x 1.62 (8'9" x 5'3") -

Partial Garage - 2.92 x 2.69 (9'6" x 8'9") -

External -

External Garden House -

Property Disclaimer - IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.

Tenure - Gordon Brown Estate Agents have not seen any legal written confirmation to be able to currently advise on the tenure of the property. Therefore we are unable to advise on the tenure at this stage. Please call us on for clarification before proceeding to purchase the property.

Agent Details

Gordon Brown Estate Agents Ltd, Gateshead

0191 625 0751

Next Steps?

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