3 Bed Semi-Detached House, Refurb/BRRR, Cramlington, NE23 6PG, £168,000

Whernside Place, Cramlington, Northumberland, NE23 6PG - 2 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£77K - £395K
Sold Prices/m²£1K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£171,360

 

 

End Value (After Refurb)

£154,923

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,000

Stamp Duty & Legal Fees

£9,600

Refurb Costs

£35,600

Bridging Loan Interest

£4,410

Total Cash In

£93,360

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£154,923

Mortgage (After Refinance)

£116,192

Mortgage LTV

75%

Cash Left In

£93,360

Equity

£38,731

Rent Range

£780 - £1,095

Rent Estimate

£897

Running Costs/mo

£684

Cashflow/mo

£213

Cashflow/yr

£2,562

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £77K to £395K, average is £168K. £1K/m² to £4.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£262.5K02/230.01 mi6, Whernside Place, Cramlington, Northumberland NE23 6PG3
£184K04/210.07 mi3, Windermere Close, Cramlington, Northumberland NE23 6PQ3
£177.9K11/200.11 mi49, Windburgh Drive, Cramlington, Northumberland NE23 6NT3
£165K02/210.11 mi71, Windburgh Drive, Cramlington, Northumberland NE23 6NT3
£184K03/210.13 mi4, Walkerburn, Cramlington, Northumberland NE23 6LU3
£170K03/240.16 mi4, Whitburn Place, Cramlington, Northumberland NE23 6PJ3
£225K11/210.17 mi10, Waterbeck Close, Cramlington, Northumberland NE23 6LT3
£189.9K06/210.22 mi58, Westerkirk, Cramlington, Northumberland NE23 6NE3
£209K05/230.22 mi59, Westerkirk, Cramlington, Northumberland NE23 6NE3
£144.5K02/240.24 mi20, Glenluce Drive, Cramlington, Northumberland NE23 6PP3
£144.5K02/240.24 mi20, Glenluce Drive, Cramlington, Northumberland NE23 6PP3
£245K12/200.27 mi10, Glenluce Drive, Cramlington, Northumberland NE23 6PW3
£170K06/210.28 mi12, Grindon Close, Cramlington, Northumberland NE23 6NQ3
£186K11/200.28 mi14, Gowanburn, Cramlington, Northumberland NE23 6NG3
£200K01/230.28 mi2, Gowanburn, Cramlington, Northumberland NE23 6NG3
£265K09/210.28 mi1, Glenluce Drive, Cramlington, Northumberland NE23 6PN3
£220K09/230.28 mi9, Glenluce Drive, Cramlington, Northumberland NE23 6PN3
£136K11/200.4 mi11, Coomside, Cramlington, Northumberland NE23 6HW3
£132.5K08/230.4 mi13, Coomside, Cramlington, Northumberland NE23 6HW3
£157K01/240.4 mi23, Coomside, Cramlington, Northumberland NE23 6HW3
£395K09/230.43 mi46, Richmond Way, Cramlington, Northumberland NE23 7XE3
£260K12/230.44 mi1, Cairnsmore Close, Cramlington, Northumberland NE23 6LE3
£148.5K12/230.45 mi57, Cramond Way, Cramlington, Northumberland NE23 6LA3
£118K03/210.46 mi6, Chesterhill, Cramlington, Northumberland NE23 6JN3
£113.8K08/210.46 mi16, Chesterhill, Cramlington, Northumberland NE23 6JN3
£122.5K07/230.46 mi29, Chesterhill, Cramlington, Northumberland NE23 6JN3
£107.5K09/230.46 mi22, Chesterhill, Cramlington, Northumberland NE23 6JN3
£163K11/200.49 mi15, Cranshaw Place, Cramlington, Northumberland NE23 6JY3
£370K06/210.5 mi9, Ripley Drive, Cramlington, Northumberland NE23 7XA3
£177K05/210.55 mi79, Highburn, Cramlington, Northumberland NE23 6BA3
£179.9K01/240.56 mi84, Cateran Way, Cramlington, Northumberland NE23 6HG3
£116K03/240.58 mi43, Alexandra Way, Cramlington, Northumberland NE23 6EA3
£135K01/210.61 mi38, Highburn, Cramlington, Northumberland NE23 6BG3
£155K11/230.65 mi3, West View, Cramlington, Northumberland NE23 6RJ3
£132.5K12/200.68 mi9, Barras Gardens, Annitsford, Cramlington, Tyne And Wear NE23 7RB3
£77K04/210.68 mi14, Storey Street, Cramlington, Northumberland NE23 6RL3
£168K04/210.69 mi7, Hareside, Cramlington, Northumberland NE23 6BH3
£192.5K02/230.69 mi1, Hareside, Cramlington, Northumberland NE23 6BH3
£85K03/230.7 mi25, Ridley Street, Cramlington, Northumberland NE23 6RH3
£124K02/240.7 mi2, Ridley Street, Cramlington, Northumberland NE23 6RH3
£99K07/240.7 mi8, Ridley Street, Cramlington, Northumberland NE23 6RH3
£105K03/210.73 mi38, Front Street, Annitsford, Cramlington, Tyne And Wear NE23 7RQ3
£165K02/210.75 mi12, Dewley, Cramlington, Northumberland NE23 6DS3
£238.5K12/220.76 mi3, Megstone Avenue, Cramlington, Northumberland NE23 6TU3
£180K12/220.76 mi25, Megstone Avenue, Cramlington, Northumberland NE23 6TU3
£88K07/210.77 mi7, Percy Street, Cramlington, Northumberland NE23 6RG3
£102K09/230.77 mi6, Percy Street, Cramlington, Northumberland NE23 6RG3
£225K02/210.77 mi27, Harnham Grove, Cramlington, Northumberland NE23 6AQ3
£170K06/210.77 mi20, Pickering Close, Cramlington, Northumberland NE23 6QB3
£245K11/200.77 miSt Niklausen, 10, North Villas, Dudley, Cramlington, Tyne And Wear NE23 7QF3
£145K06/210.79 mi15, Harnham Grove, Cramlington, Northumberland NE23 6AG3

Local Rents

20 rents from £780/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95002/250.1 mi-3
£1,09503/250.41 mi-3
£94010/240.51 mi-3
£87507/240.62 mi-3
£85006/240.62 miAlexandra Way, Cramlington, NE233
£87507/240.62 miAlexandra Way, Cramlington, NE233
£95002/250.73 mi-3
£85007/240.73 mi-3
£85007/240.73 miMonkside, Cramlington, NE233
£80006/240.8 miChipchase Avenue, Cramlington, NE233
£90005/240.81 miHarwood Close, Cramlington, Northumberland, NE23 6AW3
£92508/240.83 mi-3
£92507/240.83 miDoddington Drive, Cramlington, NE233
£80006/240.83 miChipchase Avenue, Cramlington3
£1,02503/250.92 mi-3
£90006/240.97 miSouth View Place, Cramlington, Northumberland, NE233
£78003/241.06 mi-3
£79505/241.16 miTangmere Close, Cramlington3
£90006/241.2 miMarjorie Street, East Cramlington, Cramlington, Northumberland, NE23 6XQ3
£95005/241.22 miRingwood Drive, Cramlington, NE233

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

1.36 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £168,000

July 22, 2024

Description

  • No onward chain +
  • Gardens to the front and rear +
  • Garage and driveway +
  • In need of full refurbishment +
  • Great location +
  • Lots of potential +

Fantastic opportunity to purchase a home with lots of potential! No onward chain and in need of some refurbishment, this three bedroom family home is well located within a popular Cramlington estate. The property comprises entrance hallway, open plan living/dining room, kitchen and utility room. The first floor provides three bedrooms and a family bathroom. Externally there are gardens to the front and rear, the rear is a lovely space with lots of potential and an open aspect. The front elevation provides a driveway, leading to the garage and a garden.
A home with lots of potential!

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Cramlington

01670 332737

Next Steps?

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