3 Bed Semi-Detached House, Single Let, Gateshead, NE10 8LP, £130,000

Pontdyke, Gateshead, Tyne And Wear, NE10 8LP - 5 views - 7 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+26 photos

ValuationUndervalued

Sold Prices£88.5K - £240K
Sold Prices/m²£819/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£157,300
BMV21%

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

£650 - £2,750

Rent Estimate

£709

Running Costs/mo

£568

Cashflow/mo

£141

Cashflow/yr

£1,691

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £88.5K to £240K, average is £145K. £819/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£128K06/210 mi2, Pontdyke, Gateshead, Tyne And Wear NE10 8LP3
£142K06/230.08 mi134, Staneway, Gateshead, Tyne And Wear NE10 8LS3
£120K10/210.09 mi22, Oakwood, Gateshead, Tyne And Wear NE10 8LU3
£125K02/230.11 mi23, Donside, Gateshead, Tyne And Wear NE10 8RE3
£92.5K04/210.12 mi17, Wardenlaw, Gateshead, Tyne And Wear NE10 8NE3
£97.2K10/200.17 mi10, Englefeld, Gateshead, Tyne And Wear NE10 8RL3
£110K06/210.18 mi18, Brockwade, Gateshead, Tyne And Wear NE10 8SL3
£155K06/230.18 mi4, Staneway, Gateshead, Tyne And Wear NE10 8LR3
£97K05/230.21 mi80, Wealcroft, Gateshead, Tyne And Wear NE10 8QR3
£130K08/210.21 mi102, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£145K10/200.21 mi101, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£147K08/210.21 mi90, Oakwood, Gateshead, Tyne And Wear NE10 8LW3
£127.5K12/220.23 mi41, Rickgarth, Gateshead, Tyne And Wear NE10 8QT3
£88.5K01/240.23 mi10, Aycliffe Avenue, Gateshead, Tyne And Wear NE9 7BU3
£191K09/210.25 mi10, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£158K10/210.25 mi55, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£165K03/210.25 mi6, Planesway, Gateshead, Tyne And Wear NE10 8LG3
£133K12/200.27 mi22, Whitehill, Gateshead, Tyne And Wear NE10 8NQ3
£137K06/230.27 mi6, Whitehill, Gateshead, Tyne And Wear NE10 8NQ3
£125K05/230.27 mi78, Whyndyke, Gateshead, Tyne And Wear NE10 8NP3
£111K03/210.27 mi4, Whyndyke, Gateshead, Tyne And Wear NE10 8NP3
£158.5K12/210.3 mi19, Cedarway, Gateshead, Tyne And Wear NE10 8LD3
£169.9K04/210.34 mi51, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£150K10/210.34 mi3, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£130K11/220.34 mi57, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£150K11/200.34 mi28, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£158K06/230.34 mi46, Yewtrees, Gateshead, Tyne And Wear NE10 8LH3
£185K05/230.36 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£175K04/210.36 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£147K05/210.36 mi51, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£180K05/230.36 mi4, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£94K11/200.38 mi86, Aycliffe Avenue, Gateshead, Tyne And Wear NE9 7BX3
£96K10/210.4 mi97, Chevington, Gateshead, Tyne And Wear NE10 8SB3
£163K05/230.42 mi89, Westfield, Gateshead, Tyne And Wear NE10 8PD3
£147K09/220.43 mi87, Westfield, Gateshead, Tyne And Wear NE10 8PD3
£225K08/220.43 mi6, Westfield, Gateshead, Tyne And Wear NE10 8NF3
£105K05/210.44 mi58, Chevington, Gateshead, Tyne And Wear NE10 8LA3
£118K01/210.44 mi53, Monkton, Gateshead, Tyne And Wear NE10 8NU3
£187.5K03/210.45 mi10, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP3
£125K10/210.46 mi20, Cotemede, Gateshead, Tyne And Wear NE10 8JQ3
£145K12/200.47 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£178K05/220.47 mi76, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£145K12/200.47 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£155K05/230.47 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£144K01/210.47 mi24, Harleston Way, Gateshead, Tyne And Wear NE10 9BH3
£240K06/220.49 mi65, Harleston Way, Gateshead, Tyne And Wear NE10 9BQ3
£157K02/210.49 mi96, Celandine Way, Gateshead, Tyne And Wear NE10 8QW3
£128K08/230.5 mi127, Cotemede, Gateshead, Tyne And Wear NE10 8JT3
£154K11/220.5 mi35, Westfield, Gateshead, Tyne And Wear NE10 8NW3
£118K04/210.52 mi8, Springwell Terrace, Gateshead, Tyne And Wear NE9 7AY3

Local Rents

32 rents from £650/mo to £2.8K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85006/240 miPontdyke, Leam Lane, Gateshead, Tyne And Wear, NE103
£80002/250.16 mi-3
£82003/250.19 mi-3
£77505/240.55 miCotemede, Gateshead, Tyne And Wear, NE103
£92511/240.63 mi-3
£87503/240.65 mi-3
£87505/240.65 miGateshead, Gateshead, NE103
£90007/240.66 miRedemarsh, Leam Lane, Gateshead, Tyne And Wear, NE103
£95002/250.69 mi-3
£90008/240.7 miMeresyde, Gateshead, Tyne And Wear, NE103
£89905/240.82 mi-3
£72506/240.89 miFernlough, Gateshead, NE93
£72506/240.89 mi-3
£85006/240.92 miMeadowfield, Springwell Village, Gateshead, NE9, Tyne and Wear3
£65008/240.93 mi-3
£2,35006/241.02 mi-3
£2,35007/241.02 mi-3
£2,20003/251.02 mi-3
£1,00006/241.03 miWatermill Lane, Felling, Gateshead, Tyne And Wear, NE103
£1,00007/241.03 miMillford, Leam Lane, Gateshead3
£1,05006/241.03 miWatermill Lane, Gateshead, NE103
£1,05006/241.03 mi-3
£69512/231.11 mi-3
£90005/241.11 miSycamore Grove, Felling, Gateshead, NE103
£80007/241.18 miSeaham Gardens, Wrekenton3
£82506/241.19 miHopper Road, Windy Nook, Gateshead, NE103
£70006/241.2 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£90007/241.2 miThropton Close, Wardley, Gateshead, Tyne And Wear, NE103
£2,75007/241.21 miWentworth Drive, Usworth3
£80007/241.22 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93
£77505/241.23 miBondene Avenue West, Gateshead, Tyne & Wear3
£72507/241.23 miWoodlands Terrace, Felling, Gateshead3

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £130,000

September 4, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • KITCHEN/DINING ROOM +
  • LIGHT & AIRY LIVING ROOM +
  • FAMILY BATHROOM +
  • GREAT INVESTMENT OPPORTUNITY +
  • WRAP AROUND YARD +
  • OFF STREET PARKING +
  • COUNCIL TAX BAND A +

Belle Vue Estates are pleased to offer to the market this three bedroom semi-detached house located on a good size corner plot within Leam Lane. The property is one of the larger styles of houses available on this estate and is in a prime location for all amenities.

This area of Gateshead is popular with families as good local schools are in close proximity also good amenities including local shops and popular leisure facilities including Oliver Henderson Park offering play area, skate park and bowling green, something for all the family. Excellent road links via A184 also benefitting from a good local bus route into Newcastle City centre.

The property itself comprises of a porch, downstairs hall, living room and a kitchen/diner. Stairs rising up to first floor landing which gives access to three bedrooms and family bathroom. Externally the property benefits from a wrap around yard to the front, back and side elevations. This is an ideal purchase for an investor or first time buyer wanting a project. Viewing is strongly recommended to avoid disappointment.

PORCH 6' 3" x 3' 11" (1.915m x 1.217m) Entering through a PVC and glass front door, the porch features fully tiled flooring and two windows allowing a lot of light in. This is a great space to kick off your shoes after a long day.

DOWNSTAIRS HALL 6' 1" x 5' 10" (1.855m x 1.791m) Accessed through the front porch, the downstairs hall comprises of wooden cladding to the walls and carpet throughout. The hall is warmed by a radiator and provides access to the upper floor and the living room.

LIVING ROOM 17' 1" x 15' 5" (5.231m x 4.719m) The living room provides a fantastic space, full of natural light from a bay window and a second window also. The room also features carpet throughout, an electric fireplace with stone surround and tiled hearth, wall lights and is all warmed by a central heating radiator. More than enough room to host all the family.

KITCHEN/DINING ROOM 17' 2" x 12' 7" (5.236m x 3.837m) The kitchen/dining room is accessed through the living room or the PVC back door. The kitchen area comprises of vinyl flooring throughout, part tiled walls, a window and a cupboard for extra storage. There is also space for a freestanding cooker, an integrated extractor fan, space for a washing machine and a twin bowl sink with chrome tap. The dining area offers access to the rear yard, a radiator for warmth and another window for natural light. The kitchen/dining room ceiling is wooden clad with strip lighting.

UPSTAIRS HALL 11' 6" x 3' 1" (3.518m x 0.949m) Up the carpeted staircase with wooden clad walls you reach the upstairs hall. The hall also has wooden cladding to the walls and ceiling and provides access to all three bedrooms and the bathroom. Carpeted throughout the upstairs hall also offers two cupboards for extra storage.

BEDROOM ONE 13' 1" x 9' 10" (4.002m x 3.012m) Bedroom one overlooks the front and side elevations of the property and features a lot of natural light from two windows. The bedroom also features built in wardrobes, fitted blinds and is carpeted throughout. This room is warmed by a radiator.

BEDROOM TWO 11' 6" x 9' 10" (3.516m x 3.022m) The second bedroom comprises of a cupboard, radiator and fitted blinds. The bedroom is also carpeted throughout and overlooks the side elevation of the property. This bedroom also provides access to the loft through a loft hatch.

BEDROOM THREE 8' 9" x 7' 4" (2.677m x 2.238m) The third bedroom features a cupboard for storage or clothes, fitted blinds and is carpeted throughout. The bedroom is also warmed by a radiator and has a window overlooking the rear of the property.

BATHROOM 7' 10" x 8' 7" (2.411m x 2.633m) The bathroom accessed off the upstairs hall comprises of fully tiled walls and vinyl flooring throughout with pedestal basin with taps, low level w/c, bath and a separate shower cubicle with electric shower. The bathroom also features a window with privacy glass for light and ventilation and is warmed by a radiator.

EXTERNALLY
To the front elevation of the property is a paved driveway with black metal gates and a patio area to the side. The side elevation offers access to the front porch and is paved throughout also. To the rear of the property is a paved area with fencing, access to a pedestrian path leading to the back lane and access via a PVC door to the kitchen diner. The outdoor areas offer a fantastic space to make your own.

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 guide only for prospective purchasers and may not be precise. Please contact the office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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