2 Bed Flat, Public Notice, Hebburn, NE31 1BG, £75,000

4 THE RIVERSIDE, HEBBURN, TYNE & WEAR, NE31 1BG - 9 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£42K - £129.9K
Sold Prices/m²£609/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£90,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£530 - £1,800

Rent Estimate

£550

Running Costs/mo

£364

Cashflow/mo

£186

Cashflow/yr

£2,228

ROI

9%

Gross Yield

9%

Local Sold Prices

52 sold prices from £42K to £129.9K, average is £80K. £609/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£103K07/210.01 mi8, The Riverside, Hebburn, Tyne And Wear NE31 1BG2
£75K09/230.01 mi2, The Riverside, Hebburn, Tyne And Wear NE31 1BG2
£95K08/220.01 mi7, The Riverside, Hebburn, Tyne And Wear NE31 1BG2
£95K03/210.08 mi4, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£95K03/210.08 mi4, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£85K08/230.08 mi1, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£80K04/230.14 mi53, Ann Street, Hebburn, Tyne And Wear NE31 1DP2
£100K05/230.14 mi51, Ann Street, Hebburn, Tyne And Wear NE31 1DP2
£75K02/210.19 mi16, Jedmoor, Hebburn, Tyne And Wear NE31 1ET2
£72K05/240.21 mi18, Victoria Street, Hebburn, Tyne And Wear NE31 1DY2
£82K09/220.22 mi109, Ellison Street, Hebburn, Tyne And Wear NE31 1EE2
£92K12/200.24 mi36, Hazelmoor, Hebburn, Tyne And Wear NE31 1DH2
£84.5K01/210.24 mi17, Hazelmoor, Hebburn, Tyne And Wear NE31 1DH2
£65K05/210.34 mi24, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£90K05/210.34 mi10, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£75K02/240.34 mi26, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£75K02/240.34 mi26, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£87.5K03/230.43 mi23, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£80K12/230.43 mi26, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£100K07/240.43 mi15, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£75K03/210.47 mi30, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£78K06/230.47 mi50, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£60K05/210.49 mi37, Philiphaugh, Wallsend, Tyne And Wear NE28 6BX2
£83K04/220.53 mi72, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£80K03/230.53 mi5, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£86K12/220.53 mi86, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£85K04/240.53 mi70, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£85K09/230.55 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£82.5K04/220.55 mi5, May Close, Hebburn, Tyne And Wear NE31 1FD2
£85K12/200.56 mi25, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£87.5K04/210.56 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£83K10/210.56 mi32, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£79K01/230.56 mi29, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£100K04/230.56 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.56 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.56 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£85K07/220.56 mi33, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£90K03/240.58 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£74K03/230.61 mi76, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£75K08/210.61 mi38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU2
£72K11/220.61 mi74, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£42K10/200.62 mi23, Tweed Street, Hebburn, Tyne And Wear NE31 1XP2
£50K01/210.62 mi75, Hedgeley Road, Hebburn, Tyne And Wear NE31 1PR2
£68K07/230.64 mi10, Vimy Avenue, Hebburn, Tyne And Wear NE31 1QR2
£69K03/210.65 mi69, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE2
£92K09/230.65 mi39, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE2
£60.8K02/230.65 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£69K12/230.67 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£65K11/220.67 mi25, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£75K11/220.69 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£60K01/210.7 mi19, Station Road, Hebburn, Tyne And Wear NE31 1LA2
£129.9K03/210.71 mi133, The Avenue, Wallsend, Tyne And Wear NE28 6SD2

Local Rents

15 rents from £530/mo to £1.8K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65007/240.15 miAnn Street, Hebburn, NE312
£70006/240.21 miChurch Street, Hebburn2
£65003/250.21 mi-2
£1,80003/250.24 mi-2
£53005/240.24 miVictoria Street, Hebburn2
£55005/240.25 miAshwood Croft, Hebburn2
£67505/240.26 mi-2
£65005/240.3 miHazelmoor, Hebburn2
£55005/240.34 miAgincourt, Hebburn2
£69505/240.35 mi-2
£75007/240.38 miAgincourt, Hebburn, Tyne and Wear, NE312
£59505/240.51 mi-2
£75007/240.57 mi-2
£79505/240.6 miNidsdale Avenue, Newcastle upon Tyne, Tyne and Wear, NE62
£60010/230.61 mi-2

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

0.89 miles away

Nearest school

0.50 miles away

Nearest train station

0.71 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Price changed to £75,000

December 4, 2024

Listed for £78,500

June 27, 2024

Description

  • PUBLIC NOTICE: 4 THE RIVERSIDE, HEBBURN, TYNE & WEAR, NE31 1BG. WE ARE ACTING IN THE SALE OF THE ABOVE PROEPRTY & HAVE RECEIVED AN OFFER OF £70,000 +

  • ANY INTERESTED PARTIES MUST SUBMIT ANY HIGHER OFFERS IN WRITING TO THE SELLING AGENT BEFORE AN EXCHANGE OF CONTRACTS TAKES PLACE. EPC RATING: C +

  • PUBLICE NOTICE: 4 THE RIVERSIDE, HEBBURN, TYBNE & WEAR, NE31 1BG.  WE ARE ACTING IN THE SALE OF THE ABOVE PROEPRTY & HAVE RECEIVED AN OFFER OF £70,000.  ANY INTERESTED PARTIES MUST SUBMIT ANY HIGHER OFFERS IN WRITING TO THE SELLING AGENT BEFORE AN EXCHANGE OF CONTRACTS TAKES PLACE.  EPC RATING: C

  • SOLD AS SEEN

* GAS CONDENSING COMBINATION BOILER

* UPVC FRAMED SEALED UNIT DOUBLE GLAZING INCLUDING FRONT & BACK DOORS

* GOOD DECORATIVE ORDER

* FITTED KITCHEN WITH INTEGRATED APPLIANCES

* WHITE COLOURED JACK & JILL BATHROOM

* REMOTE ENTRANCE INTERCOM

* RIVER VIEWS

* DESIGNATED PARKING BAY

* COMMUNAL GARDENS

* COUNCIL TAX BAND C

* EPC RATING: C

* TENURE: WE ARE INFORMED BY THE VENDORS THAT THE PROPERTY IS LEASEHOLD.  125 YEARS FROM 1/5/94.  SERVICE CHARGE £973.67 PER ANNUM (1ST APRIL 2024 - 31ST MARCH 2025).  12 MONTHLY PAYMENTS.

This property is located at the bottom of Ellison Street and directly looks onto the River Tyne.  The small development is extremely well maintained and offers outstanding value.  It is within easy reach of all local amenities including the Hebburn town centre, local bus routes and metro station.

It is an ideal purchase for either a property investor or a first/second time buyer. An internal inspection is well recommended.

The property benefits from the following accommodation

ACCOMMODATION

GROUND FLOOR

COMMUNAL ENTRANCE HALL

With staircase to first floor.

APARTMENT

ENTRANCE HALL

With radiator, remote entrance intercom telephone, cloaks cupboard.

_LIVING ROOM/DINING ROOM
_****4.35m x 3.25m plus
2.69m x 2.32m

With a fireplace and electric fire, radiator, part laminated floor covering, opening to the kitchen.

_KITCHEN
_****1.83m x 2.64m

With a range of fitted wall and floor units with laminated worktops, ceramic tiled surrounds, incorporating plumbing for automatic washing machine, electric oven, gas hob with extractor fan and light above, an inset sink unit with mixer tap, a wall mounted Baxi condensing combination boiler for heating the domestic hot water and central heating systems.

_BEDROOM 1
_****3.71m x 2.70m

With radiator, access to bathroom.

_BEDROOM 2
_****3.49m x 2.16m

With laminated floor covering, radiator.

_JACK & JILL BATHROOM
_****1.88m x 2.63m

With a white coloured suite comprising of panelled bath with shower over, pedestal washbasin, low level w.c. ceramic tiled surrounds, laminated floor covering, shelved linen cupboard.

OUTSIDE

There are well maintained communal gardens and a designated parking bay, there is also visitor parking available within the development.

Agent Details

Moody & Co, South Shields

0191 607 1143

Next Steps?

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