4 Bed Terraced House, Single Let, Newcastle upon Tyne, NE16 6NF, £280,000

Busty Bank, Burnopfield, Newcastle upon Tyne, NE16 6NF - 8 months ago

Auction
BTL
~240 m²
+27 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Rent Range

£400 - £2,250

Rent Estimate

£513

Running Costs/mo

£998

Cashflow/mo

£-485

Cashflow/yr

£-5,820

Gross Yield

2%













Local Rents

50 rents from £400/mo to £2.3K/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£75005/240.06 miRaglan Place, Newcastle Upon Tyne2
£75003/240.12 mi-3
£70003/250.12 mi-3
£95006/240.3 miDene View, Burnopfield, NE163
£89505/240.31 miLilac Crescent, Burnopfield, NE163
£75009/240.61 mi-2
£62510/230.66 mi-2
£65005/240.7 miBirch Mews, Burnopfield, Newcastle upon Tyne, Durham, NE16 6LL2
£65011/230.72 mi-2
£67505/240.72 mi-2
£62505/240.77 miSyke Road, Burnopfield, Newcastle upon Tyne, Durham, NE16 6HD2
£69506/240.82 miGaresfield Gardens, Burnopfield2
£75007/240.85 miBriardene, Burnopfield2
£75002/250.88 mi-2
£62512/230.9 mi-2
£1,10006/240.92 miThe Meadows, Burnopfield, Newcastle upon Tyne, NE163
£75005/241.12 miBurnopfield Road, Rowlands Gill, NE393
£1,00005/241.23 miStation Road, Rowlands Gill, NE392
£55008/231.43 mi-3
£1,25006/241.55 miMarley Hill, Marley Hill, Newcastle upon Tyne, Tyne and Wear, NE16 5DT3
£75005/241.6 mi-3
£1,50012/241.61 miThe Tiley at High Steads, Durham, DH93
£75010/241.62 mi-2
£50006/241.72 miCuthbert Street, Marley Hill, Newcastle Upon Tyne, NE162
£68006/241.74 miCausey Row, Newcastle Upon Tyne, Tyne and Wear, NE16 5EJ1
£82505/241.78 miValley View, Rowlands Gill3
£57508/231.9 mi-2
£52004/241.92 mi-2
£62501/251.92 mi-2
£69503/241.95 mi-2
£85002/241.96 mi-3
£40005/241.97 miSmailes Lane, Highfield, Rowlands Gill, Tyne and Wear, NE391
£59506/242 miDunnock Drive, Sunniside, Newcastle upon Tyne, NE162
£62506/242.03 miKingsway, Sunniside, NE162
£65006/242.03 miKingsway, Sunniside, NE162
£70003/252.03 mi-2
£75010/242.03 mi-3
£87107/232.05 mi-3
£74511/242.06 mi-2
£75002/252.17 mi-2
£2,25005/242.25 miLintzford Road, Hamsterley Mill, NE395
£82501/252.25 mi-2
£62512/242.3 miBroom Hill, Stanley3
£1,20005/242.35 miCarrsyde Close, Whickham, Newcastle Upon Tyne, NE163
£1,20009/232.36 mi-3
£1,20009/242.36 mi-3
£57512/242.38 miSunny Terrace, Stanley, Co. Durham, DH93
£85011/242.39 mi-2
£55012/242.42 miSylvia Terrace, Stanley2
£50012/242.43 mi-2

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

7.46 miles away

Nearest school

0.50 miles away

Nearest train station

4.10 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £280,000

March 12, 2025

Listed for £325,000

July 30, 2024

Floor Plans

Description

  • Stunning Period Property +
  • Potential Annex +
  • Full of Charm & Charactor +
  • 28ft Lounge with Sove +
  • 20ft Kitchen/Breakfast Room +
  • Generous Garage +

Available for sale by Public Online Auction 31st March 2025

Stunning traditional family home with a country cottage feel. Stone-built, large rooms, high ceilings, Annex with lounge, bedroom, and bathroom, and located in the popular village of Burnopfield.

Being almost 200 years old the property exudes charm and character throughout, along with curb appeal from the wisterria and ivy-draped stone frontage. Formerly three properties this large home boasts four reception rooms including a 28ft lounge with multi-fuel stove, a 20ft kitchen/breakfast room which is the heart of the home and ideal for entertaining, four double bedrooms, a bathroom, and a shower room. There is even the potential to easily segregate a part of the downstairs to provide an Annex with a lounge, double bedroom, and bathroom. There is a rear courtyard garden with paved ground covering and mature planting. To the side is a generous garage, plus on-street parking to the front and rear. It is evident that the property has been loved by the current owner just by looking at the quality of the fixtures and fittings, and the attention to detail, from the slate tiled floor in the hallway to the exposed beams, everything is in keeping with the age and style of the property.

EPC Grade = TBC
Council Tax Band = C

Burnopfield is a popular commuter village with local shops, a primary school, and public houses. The property is within easy reach of Newcastle, Gateshead, Stanley, and Consett.

Agents Notes:
Freehold.
Mains electricity, gas, water (not metered) & drainage.
Flood Risk: Rivers & Seas = No Risk / Surface Water = Low.
Mobile coverage is Good from O2, average from EE, Three & Vodaphone.
Satellite & Cable TV available from BT & Sky.
Broadband available: Standard & Superfast.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee. OPTION 1.

Agent Details

J W Wood, Consett

01207 265924

Next Steps?

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