3 Bed Semi-Detached House, Refurb/BRRR, Cramlington, NE23 7BJ, £110,000

Love Avenue, Dudley, NE23 7BJ - 5 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£60K - £265K
Sold Prices/m²£741/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£110,000

 

 

End Value (After Refurb)

£160,788

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£35,600

Bridging Loan Interest

£2,888

Total Cash In

£72,238

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,788

Mortgage (After Refinance)

£120,591

Mortgage LTV

75%

Cash Released

£38,091

Cash Left In

£34,147

Equity

£40,197

Rent Range

£600 - £1,275

Rent Estimate

£1,111

Running Costs/mo

£745

Cashflow/mo

£366

Cashflow/yr

£4,396

ROI

6%

Gross Yield

12%

Local Sold Prices

50 sold prices from £60K to £265K, average is £133.8K. £741/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£118K12/200.09 mi28, Bowman Drive, Dudley, Cramlington, Tyne And Wear NE23 7AS3
£150K06/240.18 mi15, Burt Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AR3
£200K03/240.21 miPrestwick Cottage, Burradon Road, Annitsford, Cramlington, Tyne And Wear NE23 7BB3
£127.5K05/230.25 mi13, Craig Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AN3
£115K11/230.26 mi40, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£105K05/230.26 mi16, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£215K03/210.27 mi6, Seaton Croft, Annitsford, Cramlington, Tyne And Wear NE23 7LA3
£190K02/210.27 mi20, Seaton Croft, Annitsford, Cramlington, Northumberland NE23 7LA3
£102K08/230.31 mi35, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£124K07/230.31 mi37, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£93K07/240.31 mi32, Burnside Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7AU3
£220K11/230.31 mi37, Ashkirk, Dudley, Cramlington, Tyne And Wear NE23 7DF3
£175K11/210.38 mi45, Primrose Close, Annitsford, Cramlington, Tyne And Wear NE23 7UD3
£203K05/240.38 mi29, Primrose Close, Annitsford, Cramlington, Tyne And Wear NE23 7UD3
£130K07/240.39 mi13, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£112.3K04/210.39 mi3, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£155K08/240.39 mi1, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£138.9K11/200.4 mi28, Elizabeth Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AJ3
£157K03/210.4 mi17, Southfields, Dudley, Cramlington, Tyne And Wear NE23 7HU3
£150K09/230.4 mi26, Elizabeth Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AJ3
£105K03/210.44 mi38, Front Street, Annitsford, Cramlington, Tyne And Wear NE23 7RQ3
£164.9K09/230.46 mi61, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LL3
£132.5K12/200.46 mi9, Barras Gardens, Annitsford, Cramlington, Tyne And Wear NE23 7RB3
£150K12/220.47 mi14, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LJ3
£130K01/240.49 mi20, Bamborough Court, Dudley, Cramlington, Tyne And Wear NE23 7HW3
£89.5K11/200.52 mi72, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£181K05/210.52 mi43, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£114K10/200.55 mi1, Means Court, Burradon, Cramlington, Tyne And Wear NE23 7PE3
£245K11/200.63 miSt Niklausen, 10, North Villas, Dudley, Cramlington, Tyne And Wear NE23 7QF3
£90K06/240.64 mi24, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£60K03/230.64 mi19, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£118K08/230.64 mi1, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£80K10/230.67 mi8, Angerton Terrace, Dudley, Cramlington, Tyne And Wear NE23 7JE3
£90K06/210.68 mi49, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PD3
£200K09/210.72 mi6, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NE3
£103.5K07/230.77 mi71, Green Crescent, Dudley, Cramlington, Tyne And Wear NE23 7JS3
£160K11/230.77 mi3, Green Lane, Dudley, Cramlington, Tyne And Wear NE23 7JP3
£152K03/210.81 mi27, Redford Place, Burradon, Cramlington, Tyne And Wear NE23 7LG3
£135K06/240.83 mi88, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XT3
£110K05/210.87 mi61, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XS3
£115K07/240.87 mi12, Hall Drive, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XP3
£115K10/230.87 mi46, Station Road, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5UX3
£95K02/210.88 mi153, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XU3
£130K02/240.92 mi18, Bell Grove, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XE3
£158K12/200.93 mi11, Havanna, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BL3
£175K05/230.95 mi60, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£190K11/230.95 mi86, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£177.5K08/230.95 mi68, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£161K05/230.96 mi86, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XN3
£265K07/230.96 mi9, Hazelmere Dene, Seghill, Cramlington, Northumberland NE23 7LW3

Local Rents

19 rents from £600/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,02503/250.22 mi-3
£78003/240.46 mi-3
£90004/250.46 mi-3
£60001/250.77 mi-3
£89501/240.87 mi-3
£92507/240.94 miCamperdown, NEWCASTLE UPON TYNE, NE12 5XL3
£1,03005/240.99 miCygnet Park, Killingworth, NE12 5AS3
£1,20005/240.99 miAdmiral Way, Killingworth, NE123
£1,18505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/240.99 miAdmiral Way, Killingworth, NE123
£1,27505/241.01 miHazel Court, Camperdown, Newcastle Upon Tyne, NE123
£92505/241.09 miSedgemoor, Highfields, Killingworth3
£95002/251.14 mi-3
£79505/241.19 miMallard Court, Killingworth3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

2.30 miles away

Nearest school

0.30 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

July 12, 2024

Description

A three bedroomed, semi detached house pleasantly situated, with open views to the front on the edge of a well established estate.
The property is in need of extensive modernisation and refurbishment.

Council Tax Band "A"
Freehold
EPC Rating E

Entrance Hall
Radiator

Living Room 4.27m (14'0") x 3.05m (10'0")
(Front) Radiator

Living Room 3.76m (12'4") x 3.28m (10'9")
(Rear) Fireplace feature with fitted living flame gas fire

Kitchen 2.87m (9'5") x 2.57m (8'5")
(Rear) Built in units with drawers and cupboards, sink unit, gas cooker point, radiator, pantry

First floor Landing
Bedroom 1 3.66m (12'0") x 3.45m (11'4")
(Front) Radiator

Bedroom 2 3.23m (10'7") x 2.87m (9'5")
(Rear) Radiator, built in cupboard containing Worcester gas fired combi central heating boiler

Bedroom 3 3.05m (10'0") x 2.64m (8'8")
(Front) Radiator

Bathroom
Panelled bath, fitted electric shower, washbasin and low level w.c. set, tiled walls

Externally
Enclosed gardens to the front and rear

Tenure
Freehold

Agent Details

Renown Estate Agents, Cramlington

01670 331202

Next Steps?

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