3 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE5 3LD, £140,000

44 Druridge Drive, Newcastle Upon Tyne, Tyne And Wear, NE5 3LD - 7 views - 7 months ago

Sold STC
BTL
ROI: 4%
79 m²
+11 photos

ValuationOvervalued

Sold Prices£65K - £185K
Sold Prices/m²£1.1K/m² - £2.2K/m²

 

 

Square Metres

79 m²
Price/m²£1.8K/m²

Value Estimate

£113,316

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£695 - £3,500

Rent Estimate

£758

Running Costs/mo

£609

Cashflow/mo

£149

Cashflow/yr

£1,787

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £185K, average is £130.3K. £1.1K/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£155K05/240.02 mi12, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£117K06/210.02 mi20, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£126K11/200.02 mi22, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£181K06/240.03 mi5, Radcliffe Place, Newcastle Upon Tyne, Tyne And Wear NE5 3LN3
£137K06/230.04 mi9, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£97.5K09/210.04 mi11, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£105K03/210.04 mi8, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£108K06/210.06 mi43, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3DX3
£145K01/240.09 mi48, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3DU3
£158.5K02/240.1 mi8, Alnmouth Court, Newcastle Upon Tyne, Tyne And Wear NE5 3LG3
£115K12/210.1 mi20, Alnmouth Court, Newcastle Upon Tyne, Tyne And Wear NE5 3LG3
£162K09/230.11 mi42, Brookside Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3LY3
£160K08/210.13 mi7, Hauxley Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LQ3
£113.5K09/230.18 mi250, Ponteland Road, Cowgate, Newcastle Upon Tyne, Tyne And Wear NE5 3BR3
£144K02/230.19 mi114, Southmead Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3NY3
£118K05/210.2 mi95, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3NR3
£148K04/210.21 mi4, Houndelee Place, Newcastle Upon Tyne, Tyne And Wear NE5 3JU3
£137K04/210.21 mi3, Houndelee Place, Newcastle Upon Tyne, Tyne And Wear NE5 3JU3
£120K06/210.21 mi1, Houndelee Place, Newcastle Upon Tyne, Tyne And Wear NE5 3JU3
£90K03/210.22 mi156, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5 3JR3
£134K12/220.23 mi1, Blakemoor Place, Newcastle Upon Tyne, Tyne And Wear NE5 3JT3
£77K12/220.23 mi42, Eastern Way, Newcastle Upon Tyne, Tyne And Wear NE5 3HT3
£123.5K03/210.23 mi148, Roundhill Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PY3
£117K04/230.24 mi10, Revell Terrace, Newcastle Upon Tyne, Tyne And Wear NE5 3AA3
£149.9K01/240.25 mi131, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5 3JN3
£127K12/200.26 mi7, Holden Place, Newcastle Upon Tyne, Tyne And Wear NE5 3EB3
£150K12/220.27 mi53, Southmead Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PA3
£135K07/210.29 mi59, Binswood Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3QA3
£65K08/210.29 mi27, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX3
£138.1K08/230.31 mi41, Rosehill Way, Newcastle Upon Tyne, Tyne And Wear NE5 3PE3
£110K01/210.31 mi42, Rosehill Way, Newcastle Upon Tyne, Tyne And Wear NE5 3PH3
£147K09/230.31 mi44, Firfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3EE3
£132K06/240.32 mi16, Harnham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HX3
£90K10/230.32 mi28, Whitethorn Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3BL3
£160K11/200.32 mi2, Harnham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HX3
£116K12/200.32 mi8, Cheeseburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HY3
£185K09/230.33 mi7, Beaufront Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2SA3
£135K09/230.33 mi184, Two Ball Lonnen, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9SB3
£108K12/200.33 mi5, Wilbury Place, Newcastle Upon Tyne, Tyne And Wear NE5 3EJ3
£117K03/240.34 mi35, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3HA3
£128.5K03/210.36 mi25, Rothay Place, Newcastle Upon Tyne, Tyne And Wear NE5 3PU3
£124.5K01/210.36 mi38, Acomb Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RY3
£112K05/210.36 mi21, Acomb Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RY3
£155K07/230.36 mi18, Acomb Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RY3
£150K11/230.36 mi48, Binswood Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PP3
£142K08/240.36 mi58, Binswood Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PP3
£115K08/230.36 mi30, Southmead Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PB3
£154K09/230.36 mi39, Southmead Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3PB3
£99K12/200.37 mi55, Deanham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JD3
£168K06/230.37 mi69, Deanham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JD3

Local Rents

40 rents from £695/mo to £3.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00003/250.07 mi-3
£85005/240.11 miRennington Place, North Fenham, Newcastle upon Tyne, Tyne and Wear, NE5 3LJ3
£80912/240.15 mi-3
£1,50012/240.15 mi-3
£1,20012/240.22 mi-3
£1,15003/250.24 mi-3
£1,15001/250.25 mi-3
£1,15005/240.25 mi-3
£85003/250.26 mi-3
£1,10012/240.28 mi-3
£1,15012/240.28 mi-3
£1,15003/250.3 mi-3
£87502/250.33 mi-3
£85001/250.33 mi-3
£1,00012/240.33 mi-3
£95006/240.34 miTwo Ball Lonnen, Fenham, NE43
£1,43501/240.38 mi-3
£1,29502/250.38 mi-3
£1,15006/240.38 mi-3
£1,15006/240.38 mi-3
£85005/240.38 miGreenway, Fenham, Newcastle, NE43
£1,22502/250.39 mi-3
£79512/240.39 mi-3
£79512/240.39 mi-3
£69505/240.41 miMoorhead, Newcastle Upon Tyne, NE53
£75002/250.42 mi-3
£1,10005/240.43 mi-3
£1,00012/240.51 mi-3
£1,00003/250.52 mi-3
£99512/240.53 mi-3
£1,00005/240.53 miSkendleby Drive, Kenton3
£92506/240.56 miCherryburn Gardens, Fenham, Newcastle Upon Tyne, NE43
£95002/250.56 mi-3
£80005/240.57 miOvington Grove, Fenham, Newcastle upon Tyne, NE53
£3,50003/250.58 mi-3
£1,25001/240.59 mi-3
£99512/240.6 miLynton Way, Blakelaw3
£1,10006/240.6 miFenham Chase, Fenham, Newcastle upon Tyne3
£95012/240.62 mi-3
£95012/240.62 miOvington Grove, Newcastle Upon Tyne, NE53

Local Area Statistics

Population in NE5

48,324

Population in Newcastle upon Tyne

381,037

Town centre distance

1.10 miles away

Nearest school

0.30 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £140,000

August 6, 2024

Sold for £103,000

2005

Description

  • Family Home +
  • Three Bedrooms +
  • Large Lounge +
  • New Kitchen +
  • Driveway Parking +
  • Outdoor Storage Room +
  • Only 10 Min Drive To City Centre +
  • Easy Maintained Yard +
  • Council Tax A +
  • EPC Rating TBC +

This property has the potential to become a wonderful family home. With a bit of cosmetic work, it can be transformed into a warm and inviting space. Located in Blakelaw, it offers a variety of amenities, including shops, a post office, cafes, and excellent schools, all within close proximity. Plus, it's just a 10-minute drive to Newcastle City Centre. Upon entering, you are welcomed by the entrance hall, which includes an under-stair cupboard. To the right is the spacious lounge, which has plenty of room for a dining area. Adjacent is the kitchen, recently updated with new units and integrated appliances. Next to the kitchen is the fully tiled bathroom, featuring a shower over the bath. Upstairs, you will find three generously sized bedrooms and a storage cupboard on the landing. Externally, the property includes a converted garage now used as a storage room, driveway parking, and a low-maintenance rear yard. Don't miss the chance to turn this property into your ideal family home!

Agent Details

Everbest Properties, Newcastle

0191 607 6464

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪