3 Bed Flat, Single Let, Gateshead, NE9 5SR, £130,000

Villa View, Gateshead, Tyne And Wear, NE9 5SR - 2 views - 8 months ago

Sold STC
BTL
ROI: 5%
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£58K - £165K
Sold Prices/m²£760/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£116,471

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£700 - £1,650

Rent Estimate

£738

Running Costs/mo

£574

Cashflow/mo

£164

Cashflow/yr

£1,970

ROI

5%

Gross Yield

7%

Local Sold Prices

31 sold prices from £58K to £165K, average is £103K. £760/m² to £4.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£130K04/210 mi5, Villa View, Gateshead, Tyne And Wear NE9 5SR3
£124K01/210.03 mi3, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£103K04/210.03 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£103K04/210.04 mi15, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ3
£119K12/210.06 mi33, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£140.8K04/240.06 mi31, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ3
£120.5K10/220.31 mi15, Southend Road, Gateshead, Tyne And Wear NE9 6XR3
£85K08/220.54 mi179, Windy Nook Road, Gateshead, Tyne And Wear NE10 9RJ3
£117K10/220.58 mi24, Mafeking Street, Gateshead, Tyne And Wear NE9 5LH3
£162K09/220.61 mi16, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL3
£160.5K07/230.61 mi45, Worley Avenue, Gateshead, Tyne And Wear NE9 6AL3
£91K09/220.73 mi29, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£78.5K06/230.74 mi16, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP3
£165K06/230.76 mi94, Avenue Road, Gateshead, Tyne And Wear NE8 4JE3
£62.5K06/210.76 mi120, Northbourne Street, Gateshead, Tyne And Wear NE8 4AH3
£159.9K10/230.78 mi184, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX3
£75K01/210.82 mi2, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY3
£130K09/220.82 mi22, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY3
£85K11/210.87 mi165, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL3
£75K12/200.88 mi207, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£58K11/200.91 mi25, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT3
£75K10/200.91 mi63, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT3
£87K10/200.91 mi191, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LB3
£77K01/210.91 mi57, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ3
£69K03/210.91 mi24, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ3
£62.5K02/210.92 mi36, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JT3
£95K10/200.94 mi329, Rectory Road, Gateshead, Tyne And Wear NE8 4RS3
£106K09/230.94 mi318, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£105K04/210.94 mi228, Rectory Road, Gateshead, Tyne And Wear NE8 4RP3
£133.5K04/210.98 mi4, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH3
£81K12/221 mi13, Maxwell Street, Gateshead, Tyne And Wear NE8 4TX3

Local Rents

20 rents from £700/mo to £1.6K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89506/240.04 miFlorence Avenue, Low Fell, Gateshead, NE93
£1,20003/250.12 mi-3
£1,29506/240.2 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£79507/240.21 mi-3
£79507/240.21 miSheriffs Highway, Gateshead, NE93
£85007/240.25 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£1,45003/230.29 mi-3
£1,40004/230.29 mi-3
£1,65008/240.29 mi-3
£1,50006/240.29 miJoicey Road, Gateshead, NE93
£70006/240.35 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£1,39506/240.36 miChurch Road, Low Fell3
£89506/240.44 miCherrytree Gardens, Low Fell3
£77506/240.45 miWesley Street, Low Fell, Gateshead3
£79502/240.46 mi-3
£99509/240.48 mi-3
£89506/240.54 miNorthway, Gateshead3
£95012/240.55 mi-3
£72506/240.59 mi-3
£72506/240.59 miFernlough, Gateshead, NE93

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.22 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £130,000

August 19, 2024

Sold for £130,000

2021

Sold for £117,000

2017

Sold for £108,950

2016

Sold for £110,000

2005

Sold for £62,500

2002

Description

  • THREE BEDROOMS +
  • FIRST FLOOR FLAT +
  • FANTASTIC LOCATION +
  • FITTED KITCHEN WITH INTEGRATED APPLIANCES +
  • MODERN BATHROOM +
  • PRIVATE REAR YARD +
  • VIEWING HIGHLY RECOMMENDED +
  • COUNCIL TAX BAND A +

We are delighted to offer this very well presented three bedroom first floor flat in an extremely popular residential area for sale.
The property comprises entrance lobby with stairs rising to first floor, living room, fully fitted kitchen with integrated appliances, beautifully presented modern bathroom, three bedrooms, the master with bay window and rear yard.

The property has excellent road links into Newcastle, Team Valley and the Metro Centre via the Western Bypass. A good local bus service is also in operation connecting to the local Metro station in Gateshead Town Centre making for easy onward travel.
Good local shopping outlets are close by as are local primary and secondary schools and also leisure facilities.

This will make a fantastic first time purchase or indeed an excellent addition to any buy to let portfolio. We have no hesitation in recommending early viewing to avoid disappointment.

ENTRANCE LOBBY 6' 0" x 3' 4" (1.83m x 1.02m)
Accessed via UPVC front door. Stairs rising up to first floor. Central heating radiator, neutral décor and carpet.

LANDING 10' 7" x 7' 4" (3.25m x 2.26m)
Doors leading into to the living room and bedrooms. Loft hatch access.

LIVING ROOM 14' 0" x 12' 2" (4.27m x 3.71m)
UPVC window to rear elevation. Ornate cornicing to ceiling, warmed via central heating radiator, very well presented room, fitted carpet and door leading into the kitchen.

KITCHEN 13' 8" x 7' 1" (4.17m x 2.18m)
A good range of white high gloss wall and base kitchen units with contrasting work surfaces. Integrated appliances including oven, gas hob and chimney style extractor hood with lighting, fridge freezer and washer/dryer. Combi boiler housed in wall cupboard. Down lights to ceiling and warmed by central heating radiator. UPVC window with blind to side elevation. Steps down to UPVC exterior door leading into rear yard.

BATHROOM 6' 11" x 5' 4" (2.11m x 1.63m)
Beautifully presented bathroom comprising of white paneled bath and shower over with rain water shower head and glass screen. White vanity unit with hand basin and low level WC. Down lights to ceiling and chrome towel warmer. Fully tiled walls and floor. UPVC window with privacy glass.

BEDROOM ONE
With bay window and blinds overlooking front elevation. Ornate cornicing to ceiling, central heating radiator, fitted carpets.

BEDROOM TWO
Warmed via central heating radiator, fitted carpet and double glazed window.

BEDROOM THREE
UPVC window with blind. Warmed via central heating radiator with fitted carpet.

EXTERNALLY
Stairs leading down to rear yard.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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