3 Bed Semi-Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE13 9DE, £250,000

Semi-detached House for Sale on Shotton View, Newcastle Great Park, NE13 9DE - 1 views - 7 months ago

Sold STC
Cash
ROI: 2%
~93 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£35,501

Bridging Loan Interest

£6,563

Total Cash In

£120,013

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,750

Mortgage (After Refinance)

£175,313

Mortgage LTV

75%

Cash Left In

£120,013

Equity

£58,438

Rent Range

£895 - £1,500

Rent Estimate

£1,226

Running Costs/mo

£996

Cashflow/mo

£230

Cashflow/yr

£2,764

ROI

2%

Gross Yield

6%













Local Rents

31 rents from £895/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.05 mi3 Bedroom House Available to Rent on Shotton View, Newcastle Great Park3
£1,40012/240.05 miShotton View, Great Park, NE133
£1,00007/240.07 miGreville Gardens, Great Park, Gosforth3
£1,40012/240.07 miGreville Gardens, Newcastle upon Tyne, Tyne and Wear, NE133
£1,25006/240.08 mi3 Bedroom House to Let on Maynard Street, Newcastle Great Park3
£1,05005/240.11 mi3 Bedroom Townhouse to Let on Maynard Street, Newcastle Great Park3
£1,15005/240.15 miRoseden Way, Great Park, NE133
£1,20007/240.17 miRoseden Way, Great Park, NE133
£1,05002/250.19 mi-3
£1,10005/240.19 miOsprey Walk, Great Park, Newcastle Upon Tyne3
£1,35005/240.26 mi-3
£1,35005/240.26 miWagonway Drive, Newcastle Upon Tyne, NE133
£1,10006/240.28 mi3 Bedroom Townhouse to Let on Iveston Avenue, Newcastle Great Park3
£1,10007/240.28 mi3 Bedroom Townhouse to Let on Iveston Avenue, Newcastle Great Park3
£1,20005/240.28 miIveston Avenue, Great Park, Newcastle upon Tyne, Tyne and Wear, NE13 9BU3
£1,39505/240.32 miLynemouth Way, Newcastle Great Park3
£1,20012/240.38 mi-3
£1,35003/250.44 mi-3
£1,50002/250.45 mi-3
£1,20006/240.46 mi-3
£1,20006/240.46 miWillowbay Drive, Newcastle Upon Tyne, NE133
£1,05005/240.48 miSwallowtail Place, Great Park, NE133
£1,30006/240.48 miSwallowtail Place, Great Park, NE133
£1,50012/240.48 miAncroft Way, Gosforth, NE33
£89505/240.57 miAcomb Crescent, Red House Farm3
£1,15006/240.58 miThe Maples, Primrose Lane, Great Park3
£1,35005/240.62 miPoppy Place, The Maples, Great Park, N133
£1,38005/240.62 mi-3
£1,20007/240.62 mi-3
£1,20003/250.62 mi-3
£1,30005/240.62 miNetherwitton Way, Newcastle upon Tyne, Tyne and Wear, NE33

Local Area Statistics

Population in NE13

12,412

Population in Newcastle upon Tyne

381,037

Town centre distance

1.37 miles away

Nearest school

0.40 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+7%

Property History

Listed for £250,000

August 5, 2024

Description

  • 3 Bedrooms +
  • Semi-detached house +
  • Spacious property arrange over 3 floors +
  • Bathroom, downstairs wc and en-suite +
  • Lovely mature garden +
  • Open views to front elevation +
  • Garage +

Sold subject to contract

**Three Bedroom Semi-detached House  **

THREE BEDROOM SEMI-DETACHED PROPERTY situated on Shotton View, Newcastle Great Park. Bird House Properties are pleased to present this property boasting close proximity to Brunton First School and Havannah First School, a playgroup, private nursery, Great Park Community Centre with football pitch and Havannah Three Hills nature reserve. Quick links to A1 and Newcastle International Airport, the Q3 bus link passes nearby. Kingston Park and Central Gosforth are a short journey away.

This is the perfect opportunity to live in one of Newcastle's most sought after and growing communities. Cycle paths and walkways connect all developments within Newcastle Great Park and also lead to the beautiful countryside while being only 5 miles away from Newcastle City Centre.

Newcastle Great Park Town Centre is under development nearby with some useful shops already open including Guinot Beauty Salon, One Stop and the Pharmacy. Morrison's supermarket is open and has an array of facilities such as cash machine and post box.

Kwai Feh the Chinese sit-in and take-away restaurant is open and is a huge hit with the locals as well as U-Salon, 66-Barbers, Vanilla & Dreams and Great Park Advanced Dentistry. Plaza Bistro and Café has opened in the heart of the town and provides an excellent place to meet friends and enjoy breakfast, lunch or dinner.

The accommodation -;

Entrance hallway leading to living room, kitchen/diner and downstairs wc. The first floor has two double bedrooms and the family bathroom. The top floor has the master bedroom and en-suite.

The property is heated by gas and has radiators and light fittings in all rooms.

GROUND FLOOR

Hallway

Matting.

Lounge 12'9'' x 13'3'' (3.88m x 4.04m)

Carpeted, television point. Leading to garden via French doors.

Breakfasting kitchen 18'0'' x 9'3'' (5.48m x 2.81m)

Range of wall, drawer and base units fitted appliances include oven, gas hob and extractor over. Hard flooring, spotlights.

FIRST FLOOR

Bedroom two 12'10'' x 12'2'' (4.21m x 3.70m)

Carpeted.

Bedroom three 11'3'' x 6'2'' (3.43m x 1.88m)

Carpeted.

Bathroom 6'9'' x 5'7'' (2.06m x 1.70m)

3-Piece bathroom suite consisting of panelled bath with shower over, basin and wc. Hard flooring and spotlights.

SECOND FLOOR

Bedroom one 12'9'' x 12'2'' (3.88m x 3.76m)

Carpeted. Velux glazing.

En-suite 9'0'' x 8'1'' (2.74m x 2.46m)

3-Piece suite consisting of shower, basin and wc. Hard flooring and spotlights.

Garage

Detached. Long driveway.

Outdoors

To the front lawn and shrubs. To the rear fully enclosed mature garden with patio, lawn and planted borders.

All details have been reported in good faith nothing is deemed to be a statement that the property is in good structural condition or otherwise. Please satisfy yourself that all services, appliances, facilities and equipment are in good working order. The measurements, areas and distances are approximate and have been approved by the vendor and were obtained from the builder's brochure. Property descriptions are subjective and have been approved by the vendor.

Agent Details

Bird House Properties, Newcastle Upon Tyne

0191 625 0769

Next Steps?

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