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

Sold Prices£50K - £210K
Sold Prices/m²£543/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£116,506

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 Sold Prices

50 sold prices from £50K to £210K, average is £121.5K. £543/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£115K01/240.08 mi71, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD2
£135K06/230.15 mi7, Embleton Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LX2
£74.5K02/210.24 mi7, Yewvale Road, Newcastle Upon Tyne, Tyne And Wear NE5 3NH2
£130K02/240.25 mi94, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3JS2
£60.5K10/230.25 mi10, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£75K09/210.25 mi32, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£65K07/210.27 mi23, Murrayfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3EY2
£100K05/230.27 mi67, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3NR2
£95K06/210.29 mi19, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS2
£160K10/220.36 mi20, Juniper Drive, Newcastle Upon Tyne, Tyne And Wear NE4 9BF2
£105K08/240.37 mi11, Cheeseburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HY2
£137K07/240.37 mi4a, Harnham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HX2
£180K11/200.4 mi61, Deanham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JD2
£128K03/230.43 mi12, Cypress Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9ST2
£125K06/230.43 mi22, Cypress Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9ST2
£121K07/210.45 mi6, Neston Court, Newcastle Upon Tyne, Tyne And Wear NE3 3GS2
£96K02/230.51 mi18, Whitgrave Road, Newcastle Upon Tyne, Tyne And Wear NE5 3XJ2
£122.5K06/210.53 mi17, Skendleby Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3GJ2
£135K06/240.54 mi27, Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear NE3 4TL2
£127K08/230.54 mi15, Colwyne Place, Newcastle Upon Tyne, Tyne And Wear NE5 3ST2
£132K10/230.57 mi55, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TB2
£111K05/240.58 mi7, Queensway, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9SX2
£127K01/240.58 mi13, Queensway, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9SX2
£92.5K11/200.58 mi3, High Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 4PW2
£108.5K12/200.59 mi138, Fenham Hall Drive, Newcastle Upon Tyne, Tyne And Wear NE4 9XD2
£60K01/210.59 mi21, Selwyn Close, Newcastle Upon Tyne, Tyne And Wear NE5 3XH2
£102K04/240.59 mi8, Nafferton Place, Newcastle Upon Tyne, Tyne And Wear NE5 2QR2
£110K08/210.62 mi21, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TA2
£112K02/210.62 mi12, Dene Bank View, Newcastle Upon Tyne, Tyne And Wear NE3 4UL2
£50K02/230.63 mi205, Kenton Lane, Newcastle Upon Tyne, Tyne And Wear NE3 3EA2
£125K03/230.63 mi7, Earsdon Road, Newcastle Upon Tyne, Tyne And Wear NE3 4TY2
£128.5K09/230.63 mi16, Rawlston Way, Newcastle Upon Tyne, Tyne And Wear NE5 3XX2
£92.5K12/200.63 mi8, Rawlston Way, Newcastle Upon Tyne, Tyne And Wear NE5 3XX2
£122K11/210.64 mi3, Evesham Garth, Newcastle Upon Tyne, Tyne And Wear NE3 4TX2
£95K11/210.65 mi93, Chessar Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3RZ2
£128K03/230.65 mi1, Finsmere Place, Newcastle Upon Tyne, Tyne And Wear NE5 2PD2
£120K12/220.66 mi31, Drumsheugh Place, Newcastle Upon Tyne, Tyne And Wear NE5 3SY2
£210K06/230.66 mi16, Dewley Road, Newcastle Upon Tyne, Tyne And Wear NE5 2NS2
£108K12/200.67 mi5, Stormont Green, Newcastle Upon Tyne, Tyne And Wear NE3 4TD2
£175K04/210.67 mi3, Cherryburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9UQ2
£112K08/220.69 mi9, Ord Court, Newcastle Upon Tyne, Tyne And Wear NE4 9YF2
£125K02/230.72 mi22, Stapleford Close, Newcastle Upon Tyne, Tyne And Wear NE5 2NR2
£130K04/240.73 mi10, Loweswater Road, Newcastle Upon Tyne, Tyne And Wear NE5 2SN2
£140K09/230.74 mi133, Grange Road, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9LE2
£130K10/230.76 mi37, Middlewood Park, Newcastle Upon Tyne, Tyne And Wear NE4 9XF2
£140K04/230.76 mi18, Middlewood Park, Newcastle Upon Tyne, Tyne And Wear NE4 9XF2
£125K09/220.77 mi46, Lonnen Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9LS2
£115K09/210.77 mi36, Pooley Road, Newcastle Upon Tyne, Tyne And Wear NE5 2SX2
£137K07/230.77 mi11, Terry Cooney Place, Newcastle Upon Tyne, Tyne And Wear NE5 2FA2
£110K02/230.79 mi11, Abbotsmeade Close, Newcastle Upon Tyne, Tyne And Wear NE5 2EU2

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?

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