2 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE5 3LR, £125,000

Fallodon Gardens, North Fenham, NE5 3LR - 5 views - 7 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+16 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £1,800

Rent Estimate

£695

Running Costs/mo

£550

Cashflow/mo

£145

Cashflow/yr

£1,745

ROI

5%

Gross Yield

7%













Local Rents

37 rents from £600/mo to £1.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,00012/240.09 mi-2
£79502/250.09 mi-2
£1,80005/240.26 mi-2
£79505/240.3 miBlackthorn Close, Newcastle Upon Tyne, NE52
£90005/240.31 mi-2
£85012/240.31 miBavington Drive, Fenham, Newcastle Upon Tyne2
£70002/250.33 mi-2
£1,15012/240.33 miMagnolia Drive, City Edge2
£87512/240.33 mi-2
£69512/240.34 miMoorside Court, Cowgate, NE52
£82503/250.35 mi-2
£75012/240.36 mi-2
£69505/240.36 mi-2
£60003/250.38 mi-2
£75003/250.38 mi-2
£75003/250.38 mi-2
£87512/240.39 mi-2
£90006/240.43 miPlanetree Avenue, Fenham, Newcastle upon Tyne2
£89512/240.43 mi-2
£85004/240.44 mi-2
£92502/250.44 mi-2
£85005/240.44 miDeanham Gardens, Newcastle Upon Tyne, NE52
£85012/240.46 mi-2
£95006/240.49 mi-2
£75005/240.52 miWillow Avenue, Fenham, Newcastle Upon Tyne2
£85012/240.53 mi-2
£85005/240.55 mi-2
£85012/240.56 mi-2
£75006/240.57 mi-2
£75006/240.57 miHigh Meadows, Newcastle Upon Tyne, NE32
£85012/240.57 mi-2
£89005/240.57 mi-2
£89005/240.57 mi-2
£85005/240.58 mi-2
£88007/240.59 mi-2
£1,20007/240.61 miElvaston Crescent, Central Grange, Newcastle upon Tyne2
£77506/240.62 miAshover Road, Kenton2

Local Area Statistics

Population in NE5

48,324

Population in Newcastle upon Tyne

381,037

Town centre distance

1.07 miles away

Nearest school

0.40 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 £125,000

August 29, 2024

Description

  • Two Bedrooms +

  • Stunning Kitchen +

  • Modern Bathroom +

  • Driveway Parking +

  • Council Tax Band A +

  • EPC Rating D +

IDEAL STARTER HOME with DRIVEWAY PARKING and enclosed REAR GARDEN, this semi detached property offers fabulous OPEN PLAN LIVING SPACE consisting of a lounge, fitted kitchen and dining area, whilst two double bedrooms and a MODERN BATHROOM feature to the first floor. The property will appeal to a wide range of potential purchasers including first time buyers, investors and those simply seeking to down-size. Local amenities and facilities are available within the area whilst transport routes and services provide commuter links to the surrounding areas.

Agent Details

Sarah Mains Residential Sales and Lettings, Newcastle

0191 625 0816

Next Steps?

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