4 Bed Detached House, Planning Permission, Gateshead, NE9 7UU, £450,000

Moss Side, Gateshead, NE9 7UU - 3 views - 7 months ago

Planning
~129 m²
+15 photos

ValuationOvervalued

Sold Prices£119K - £655K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£286,771

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Rent Range

£695 - £3,500

Rent Estimate

£697

Running Costs/mo

£1,566

Cashflow/mo

£-869

Cashflow/yr

£-10,424

Gross Yield

2%

Local Sold Prices

49 sold prices from £119K to £655K, average is £290K. £1K/m² to £4.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£400K06/220.05 mi10, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU4
£178K05/230.17 mi13, Victoria Terrace, Wrekenton, Gateshead, Tyne And Wear NE9 7JT4
£145K03/210.38 mi10, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NN4
£275K04/230.41 mi27, Beechwood Avenue, Gateshead, Tyne And Wear NE9 6PP4
£145K06/240.47 mi13, Waldridge Gardens, Springwell, Gateshead, Tyne And Wear NE9 7LE4
£355K06/210.48 mi7, Calderwood Crescent, Gateshead, Tyne And Wear NE9 6PH4
£235K09/220.48 mi9, Flexbury Gardens, Harlow Green, Gateshead, Tyne And Wear NE9 7TH4
£258K06/210.5 mi14, Flexbury Gardens, Harlow Green, Gateshead, Tyne And Wear NE9 7TH4
£310K11/220.5 mi22, Flexbury Gardens, Harlow Green, Gateshead, Tyne And Wear NE9 7TH4
£270K02/240.5 mi7, Flexbury Gardens, Harlow Green, Gateshead, Tyne And Wear NE9 7TH4
£286.5K11/230.52 mi15, Linden Way, Gateshead, Tyne And Wear NE9 7BL4
£161K08/230.52 mi87, Springwell Road, Wrekenton, Gateshead, Tyne And Wear NE9 7AA4
£332.5K08/230.53 mi2, Kenwood Gardens, Gateshead, Tyne And Wear NE9 6PN4
£290K09/230.53 mi21, The Cedars, Gateshead, Tyne And Wear NE9 7BW4
£208K06/210.55 mi4, Cedars Green, Gateshead, Tyne And Wear NE9 6QE4
£328K10/200.56 mi35, Long Bank, Gateshead, Tyne And Wear NE9 7HJ4
£325K08/230.6 mi68, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF4
£240K04/210.6 mi100, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF4
£262K05/220.6 mi8, Lavender Row, Gateshead, Tyne And Wear NE9 6GA4
£266.5K05/210.67 mi2, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS4
£119K07/210.68 mi4, Medomsley Gardens, Gateshead, Tyne And Wear NE9 7DA4
£340K02/230.68 mi5, Bideford Gardens, Gateshead, Tyne And Wear NE9 6XE4
£325K03/220.69 mi49, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD4
£419.9K08/220.7 mi79, Church Road, Gateshead, Tyne And Wear NE9 5RH4
£399K01/210.71 mi95, Church Road, Gateshead, Tyne And Wear NE9 5XE4
£519K04/210.71 mi75, Church Road, Gateshead, Tyne And Wear NE9 5RH4
£245K08/210.76 mi20, Wells Gardens, Gateshead, Tyne And Wear NE9 6UG4
£264K06/210.76 mi18, Wells Gardens, Gateshead, Tyne And Wear NE9 6UG4
£425K12/230.76 mi30, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL4
£655K04/230.77 miScots Villa, Rockcliffe Way, Eighton Banks, Gateshead, Tyne And Wear NE9 7XT4
£182.5K06/230.78 mi7, Queen Elizabeth Avenue, Gateshead, Tyne And Wear NE9 6RE4
£280K10/200.79 mi1, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ4
£285K03/210.8 mi633, Durham Road, Gateshead, Tyne And Wear NE9 5HA4
£405K06/230.81 mi7, Glenbrooke Terrace, Gateshead, Tyne And Wear NE9 6AJ4
£315K02/210.81 mi20, Kells Gardens, Gateshead, Tyne And Wear NE9 5XS4
£340K09/230.81 mi15, Kells Gardens, Gateshead, Tyne And Wear NE9 5XS4
£269.9K03/210.81 mi23, Beacon Street, Gateshead, Tyne And Wear NE9 5XN4
£269.9K10/220.84 mi43a, Crossfield Park, Felling, Gateshead, Tyne And Wear NE10 9SA4
£253K10/230.84 mi7, Beaconsfield Avenue, Gateshead, Tyne And Wear NE9 5XT4
£264K08/230.85 mi23, Chowdene Bank, Gateshead, Tyne And Wear NE9 6JL4
£264K08/230.85 mi23, Chowdene Bank, Gateshead, Tyne And Wear NE9 6JL4
£334K02/210.86 mi13, Beaconsfield Crescent, Gateshead, Tyne And Wear NE9 5XR4
£340K06/210.88 mi10, White House Way, Gateshead, Tyne And Wear NE10 8PW4
£477K01/220.88 mi13, White House Way, Gateshead, Tyne And Wear NE10 8PW4
£300K01/230.88 mi6, Salcombe Gardens, Gateshead, Tyne And Wear NE9 6XZ4
£348K04/210.91 mi11, Albert Drive, Gateshead, Tyne And Wear NE9 6EH4
£325K06/210.91 mi65, Earlswood Park, Gateshead, Tyne And Wear NE9 6AZ4
£290K04/210.91 mi71, Earlswood Park, Gateshead, Tyne And Wear NE9 6AZ4
£430K04/230.91 mi70, Kells Lane, Gateshead, Tyne And Wear NE9 5XY4

Local Rents

37 rents from £695/mo to £3.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80007/240.22 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93
£85006/240.3 miHarraby Gardens, Low Fell, Gateshead, NE93
£1,05003/250.3 mi-3
£75007/240.32 miHarewood Green, Gateshead3
£80007/240.33 miSeaham Gardens, Wrekenton3
£75006/240.4 miBramhope Green, Harlow Green, Gateshead, NE93
£89905/240.45 mi-3
£72506/240.55 mi-3
£72506/240.55 miFernlough, Gateshead, NE93
£89506/240.65 miCherrytree Gardens, Low Fell3
£1,39506/240.68 miChurch Road, Low Fell3
£85007/240.69 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£1,25006/240.75 miWells Gardens, Low Fell3
£1,25007/240.75 miWells Gardens, Low Fell3
£77506/240.79 miWesley Street, Low Fell, Gateshead3
£69506/240.81 miAshford, Gateshead, NE93
£1,20003/250.85 mi-3
£95007/240.93 miSalcombe Gardens, Low Fell, NE93
£70006/240.93 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£89506/240.93 miFlorence Avenue, Low Fell, Gateshead, NE93
£1,50007/240.98 miKillowen Street, Low Fell, NE94
£1,29506/240.99 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£80002/251.03 mi-3
£99509/241.05 mi-3
£82003/251.06 mi-3
£79507/241.06 mi-3
£79507/241.06 miSheriffs Highway, Gateshead, NE93
£85006/241.06 miPontdyke, Leam Lane, Gateshead, Tyne And Wear, NE103
£1,45003/231.09 mi-3
£1,40004/231.09 mi-3
£1,65008/241.09 mi-3
£1,50006/241.09 miJoicey Road, Gateshead, NE93
£85006/241.14 miMeadowfield, Springwell Village, Gateshead, NE9, Tyne and Wear3
£3,50003/251.19 mi-4
£95005/241.19 miNursery Lane, Felling4
£82506/241.2 miHopper Road, Windy Nook, Gateshead, NE103
£69512/231.24 mi-3

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £450,000

August 18, 2024

Floor Plans

Description

  • Three/Four Bedrooms +
  • Garage And Driveway +
  • Unique Property +
  • Landscaped Rear Garden +
  • Home Gym +
  • Modern Interior +
  • Office/Study Room +
  • Great Location +

The Property
This unique 3/4 bedroom family home is set over three spacious floors and located in a highly desirable area known for its proximity to local amenities, excellent transport links, and well-regarded schools. This property seamlessly blends modern comfort with potential for further enhancement, making it an ideal choice for families or those looking for a distinctive residence.

As you enter through the large and welcoming hallway, you'll find the study to your right—a versatile space that could easily serve as a fourth bedroom. The expansive lounge, featuring a charming fireplace, leads into a bright and airy dining area, perfect for family gatherings and entertaining. To the rear of the property, the sun room provides a tranquil spot to relax. The kitchen has been thoughtfully modernised in recent years, featuring ample storage and top-of-the-range appliances, ensuring it meets the needs of a modern household. This floor also benefits from a utility room and a well-appointed bathroom for added convenience.

Descending to the lower ground floor, you'll discover a vast space currently utilised as a home gym, with the exciting potential to restore the original swimming pool hidden beneath the flooring. This level also includes a large storage room, a convenient W/C, and a luxurious sauna, perfect for unwinding after a long day. The garage is accessible from this floor, offering practical access and additional storage.

The top floor houses three generously sized bedrooms. A stylish family bathroom serves this floor, while access to the large loft area presents a fantastic opportunity for future expansion, subject to planning permission. This space could potentially be transformed into additional bedrooms or a spacious master suite, further enhancing the value and functionality of the home.

Externally, a driveway and garage offer ample off-street parking. With the landscaped rear garden offering a great space for families and those who love to entertain.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Newcastle upon Tyne

020 3909 0309

Next Steps?

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

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