4 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE12 9RE, £280,000

77 Mead Way, Newcastle Upon Tyne, Tyne And Wear, NE12 9RE - 5 views - 9 months ago

BTL
~114 m²
+4 photos

ValuationUndervalued

Sold Prices£143K - £630K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

~114 m²
Price/m²£2.5K/m²

Value Estimate

£296,975
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£675 - £5,400

Rent Estimate

£1,108

Running Costs/mo

£1,117

Cashflow/mo

£-9

Cashflow/yr

£-103

Gross Yield

5%

Local Sold Prices

48 sold prices from £143K to £630K, average is £305K. £1.1K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£265K03/230 mi41, Mead Way, Newcastle Upon Tyne, Tyne And Wear NE12 9RE4
£143K07/240.1 mi10, Otterburn Close, Newcastle Upon Tyne, Tyne And Wear NE12 9QY4
£215K11/200.11 mi4, Meadway Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9RQ4
£450K11/230.23 mi16, Ashcroft Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9LN4
£275K11/220.32 mi9, Dovecote Road, Newcastle Upon Tyne, Tyne And Wear NE12 9LL4
£340K10/230.34 mi28, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LB4
£149K03/210.34 mi2, Clarabad Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 9HJ4
£275K10/200.38 mi18, Studley Villas, Newcastle Upon Tyne, Tyne And Wear NE12 9LP4
£630K03/230.4 mi2, Park Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JN4
£315K09/230.41 mi8, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LA4
£245K07/210.41 miJelka, North Croft, Newcastle Upon Tyne, Tyne And Wear NE12 9JY4
£305K07/230.43 mi11, Earlington Court, Newcastle Upon Tyne, Tyne And Wear NE12 9DX4
£315K07/230.44 mi10, Westcroft Road, Newcastle Upon Tyne, Tyne And Wear NE12 9JT4
£335K07/230.44 mi36, Palmers Green, Newcastle Upon Tyne, Tyne And Wear NE12 9HF4
£340K03/210.44 mi18, Palmers Green, Newcastle Upon Tyne, Tyne And Wear NE12 9HF4
£247K12/220.45 mi40, Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 9AL4
£280K12/200.45 mi7, Balroy Court, Newcastle Upon Tyne, Tyne And Wear NE12 9AW4
£250K10/230.48 mi48, Woodlands Grange, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9DF4
£305K11/230.51 mi19, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EF4
£305K06/210.51 mi1, Woodlands Grange, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9DG4
£350K01/230.52 mi51, Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 7AY4
£270K07/210.53 mi7, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EF4
£335K08/230.53 mi205, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EN4
£242K11/200.53 mi157, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EN4
£310K12/200.53 mi210, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EN4
£368K10/220.53 mi156, Forest Gate, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EN4
£402K11/220.6 mi12, Midhurst Road, Newcastle Upon Tyne, Tyne And Wear NE12 9NU4
£410K09/220.62 mi42, Clousden Grange, Newcastle Upon Tyne, Tyne And Wear NE12 7YW4
£312K10/220.62 mi26, Clousden Grange, Newcastle Upon Tyne, Tyne And Wear NE12 7YW4
£335K10/220.62 mi15, Clousden Grange, Newcastle Upon Tyne, Tyne And Wear NE12 7YW4
£389.9K08/210.63 mi2, Hastings Avenue, Longbenton, Newcastle Upon Tyne, Tyne And Wear NE12 9NX4
£488K06/240.66 mi3, Glebe Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9NS4
£242.5K07/230.67 mi1, Briarsyde, Newcastle Upon Tyne, Tyne And Wear NE12 9SL4
£430K12/230.68 mi6, Queens Gardens, Newcastle Upon Tyne, Tyne And Wear NE12 9PL4
£240K12/220.69 mi16, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG4
£218K12/200.69 mi3, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG4
£280K04/210.69 mi65, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG4
£231K09/210.71 mi15, Wilson Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7JP4
£270K11/230.71 mi22, Wilson Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7JP4
£185K12/200.72 mi3, Cambridge Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 8AR4
£520K12/200.72 mi3, The Grove, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9PE4
£525K07/230.72 mi12, The Grove, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9PE4
£612.5K04/230.74 mi2, Grange Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9PN4
£500K07/230.77 mi3, West Avenue, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PA4
£170K10/230.78 mi2, Weardale Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7HX4
£280K12/220.78 mi2, Whitley Road, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 8BP4
£204K05/210.85 mi11, Sutton Court, Wallsend, Tyne And Wear NE28 9TW4
£370K01/210.86 mi62, Great Lime Road, Newcastle Upon Tyne, Tyne And Wear NE12 7AL4

Local Rents

18 rents from £675/mo to £5.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£5,40007/240.31 mi-6
£97506/240.35 miGreat Lime Road, Newcastle Upon Tyne3
£1,30006/240.44 miReme Court, Killingworth, Newcastle, NE123
£1,50006/240.48 miForest Gate, ., Newcastle upon Tyne, Tyne and Wear, NE12 9EN4
£1,25005/240.48 miMoor Edge Drive, Wallsend, Tyne and Wear, NE283
£1,20007/240.49 miRidge Way, Wallsend3
£1,15006/240.51 miWoodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE123
£1,50012/240.52 miMiller Close, Palmersville, Newcastle Upon Tyne3
£2,00010/230.52 mi-5
£2,00011/230.52 mi-5
£2,00011/230.52 mi-5
£2,00008/240.52 mi-5
£1,90002/250.52 mi-5
£67503/250.54 mi-3
£1,35007/240.57 miWhitfield Road, Newcastle Upon Tyne3
£1,60005/240.58 miMiller Close, Palmersville, Newcastle upon Tyne, NE124
£1,37508/240.6 mi-3
£98011/230.62 mi-3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.36 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £280,000

July 3, 2024

Sold for £100,000

2016

Sold for £155,000

2006

Floor Plans

Description

  • Viewing Highly Recommended +
  • Sought After Location +
  • Fully Refurbished +
  • Close To Local Amenities +
  • Four Bedrooms +
  • Viewing Highly Recommended +

We are delighted to offer for sale this semi detached family home which has been refurbished and is located on the sought after Meadway, in Forest Hall briefly comprising: entrance porch, hallway with stairs to the first floor, open plan lounge with UPVC double glazed picture window, dining area with UPVC double glazed French doors leading out into the garden and a redesigned contemporary kitchen with built-in appliances, access to the utility room with floor units with basin continuing the modern contemporary look, and a door to the ground floor W/C and UPVC double glazed window. To the first floor there are four bedrooms master with en-suite and a beautiful family bathroom.

Externally there are gardens to the front, side and rear with a drive for off street parking with the space to extend to multiple car parking. To the rear of the property there is a private fenced enclosed garden making it an ideal play area for the children and outdoor entertaining and barbecuing.

The property benefits from a full refurbishment, open plan living spaces, UPVC double glazing and gas central heating.

The Meadway Estate has always and will continue to be a very popular Family location ideally located within close proximity to the local amenities of Forest Hall which has a variety of shops, take away food outlets, restaurants, supermarkets, library and health centre. The village boasts four primary schools which are Forest Hall Primary School, St Marys RC Primary School, Ivy Road Primary School and West Moor Primary School. There is also George Stephenson High School in Killingworth and Longbenton Community College, good transport links to the A1 and A19, good local bus service to Newcastle City Centre.

To arrange a viewing email:- forest. or telephone

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Forest Hall

0191 625 0459

Next Steps?

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