2 Bed Flat, Single Let, Newcastle upon Tyne, NE27 0DR, £133,500

Dukesfield, Shiremoor, NE27 0DR - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£46K - £174K
Sold Prices/m²£920/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£126,222

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,375

Stamp Duty & Legal Fees

£7,875

Total Cash In

£41,250

 

 

Cash Out

 

Rent Range

£525 - £1,000

Rent Estimate

£700

Running Costs/mo

£577

Cashflow/mo

£123

Cashflow/yr

£1,474

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £46K to £174K, average is £111.8K. £920/m² to £4.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£120K02/230.01 mi31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£109K03/210.01 mi31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£122.5K03/230.01 mi25, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£125K08/220.03 mi33, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£121K01/230.06 mi20, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£120K02/230.06 mi10, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£120K06/230.06 mi14, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£129.9K10/230.1 mi115, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS2
£116.5K11/230.11 mi27, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ2
£130K01/210.11 mi21, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ2
£113K04/220.11 mi135, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS2
£46K10/200.16 mi12b, Ann Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0QR2
£155K06/230.18 mi74, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£108.5K03/210.18 mi18, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£128K02/240.18 mi14, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£96.5K12/220.22 mi9, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£97K11/220.23 mi22, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£82K11/200.23 mi24, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£85K04/210.23 mi2, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£93K09/220.23 mi19, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£93K11/230.23 mi24, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£85.5K02/230.23 mi20, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£130K04/230.29 mi30, Trevelyan Close, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FJ2
£86K08/220.32 mi4, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£83.5K10/210.32 mi1, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£75K07/230.32 mi13, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£90K09/220.34 mi2, Cooperative Terrace, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RW2
£112K03/230.38 mi16, Beadnell Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HA2
£102.5K06/220.46 mi12, Edgefield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BT2
£85K04/210.46 mi20, Edgefield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BT2
£108K06/220.46 mi14, Edgefield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BT2
£98.5K05/220.48 mi22, Edgefield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BT2
£90K09/210.55 mi57, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£85K10/200.55 mi78, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£102.5K09/230.55 mi64, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£112K03/230.55 mi80, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£106K11/210.57 mi66, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£122K07/220.57 mi78, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP2
£174K02/210.61 mi22a, Front Street, Earsdon, Whitley Bay, Tyne And Wear NE25 9LA2
£118.8K12/220.63 mi16, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BF2
£125K10/230.63 mi4, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BF2
£143K04/230.63 mi32, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BF2
£140K02/230.63 mi36, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BF2
£150K07/230.63 mi6, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BF2
£119.5K03/230.63 mi28, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2
£111.5K07/220.63 mi22, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2
£112K05/220.64 mi24, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2
£113K09/220.64 mi31, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2
£109K07/230.64 mi33, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2
£109K04/220.64 mi17, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL2

Local Rents

17 rents from £525/mo to £1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£73505/240.05 miDukesfield, Earsdon View2
£79507/240.07 miDukesfield, Shiremoor, Newcastle upon Tyne, Tyne and Wear, NE272
£77508/240.08 mi-2
£77509/240.1 mi-2
£52504/230.16 mi-2
£72009/230.18 mi-2
£87503/250.23 mi-2
£80005/240.27 miTrevelyan Close, Earsdon View2
£82512/240.27 miTrevelyan Close, Earsdon View2
£72505/240.29 miDukesfield, Earsdon View2
£95006/240.29 miRichardson Gardens, Shiremoor2
£77506/240.34 miBamburgh Crescent, Shiremoor, Newcastle upon Tyne2
£69502/250.39 mi-2
£1,00005/240.46 miEdgefield, West Allotment2
£70003/230.5 mi-2
£79905/240.58 miGarden Terrace, Earsdon2
£79905/240.58 miGarden Terrace, Earsdon2

Local Area Statistics

Population in NE27

12,335

Population in Newcastle upon Tyne

381,037

Town centre distance

6.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

-8%

Property History

Listed for £133,500

August 24, 2024

Floor Plans

Description

  • Stylish and Contemporary Ground Floor Apartment +
  • Superb Size, Light and Airy Rooms +
  • Open Plan Lounge/Dining Kitchen +
  • Stylish Kitchen with Integrated Appliances +
  • Two Double Bedrooms, One with Modern Open Wardrobes +
  • Principle Bedroom with Gorgeous En-Suite +
  • Modern Family Bathroom +
  • Private, Allocated Parking Bay, Communal Gardens +
  • Secure Entry System, No Onward Chain +
  • Close to Metro and Major Transport Links +

We love this stylish and contemporary, ground floor apartment, located within this sought after development. Close to the Metro, local shops and with excellent transport links to both the A1058 City Centre, A19 North and South, Cobalt Business Park and Silverlink, then it really is perfect for all types of buyers. The apartment is beautifully presented, light, airy and spacious throughout and boasts a spacious hallway, open plan lounge/dining kitchen with a stylish range of units and integrated appliances. There are two generous bedrooms, the principle bedroom with gorgeous en-suite shower room and bedroom two with modern open wardrobes. Excellent family bathroom, communal gardens, private, allocated parking bay to the rear. Gas radiator central heating system, double glazing, no onward chain! Leasehold: 125 years from 1/1/2011, with 112 years remaining. Monthly management fee of £95.00, annual ground rent: £150. Council Tax Band: B, EPC: B, Gas, Electric, Heating, Water, Sewerage: Mains Connected. Broadband: Fibre, Mobile Phone Blackspot: No.

Mining: The property is not known to be on a coalfield and is unknown whether to be directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any

Agent Details

Rook Matthews Sayer, Whitley Bay

0191 625 0269

Next Steps?

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