3 Bed Terraced House, Single Let, Washington, NE38 8RG, £110,000

Longacre, Washington, Tyne and Wear, NE38 8RG - 2 views - 7 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£40K - £460K
Sold Prices/m²£1.1K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£650 - £1,800

Rent Estimate

£675

Running Costs/mo

£499

Cashflow/mo

£176

Cashflow/yr

£2,115

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40K to £460K, average is £175K. £1.1K/m² to £3.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£95K06/210.09 mi47, Broadmeadows, Washington, Tyne And Wear NE38 8RH3
£86K07/240.09 mi57, Broadmeadows, Washington, Tyne And Wear NE38 8RH3
£277K02/210.1 mi18, Valley View, Washington, Tyne And Wear NE38 8SL3
£200K05/210.14 mi48, Biddick Lane, Washington, Tyne And Wear NE38 8AD3
£260K07/240.14 mi48, Biddick Lane, Washington, Tyne And Wear NE38 8AD3
£110K07/230.17 mi74, Newriggs, Washington, Tyne And Wear NE38 8RT3
£115K06/230.17 mi76, Newriggs, Washington, Tyne And Wear NE38 8RT3
£115K12/200.17 mi10, Worm Hill Terrace, Washington, Tyne And Wear NE38 8AQ3
£209K06/210.19 mi60, Biddick Lane, Washington, Tyne And Wear NE38 8AA3
£315K03/230.2 mi9, Fatfield Park, Washington, Tyne And Wear NE38 8BN3
£190K05/230.23 mi4, The Spinney, Washington, Tyne And Wear NE38 8RY3
£180K11/220.23 mi14, The Spinney, Washington, Tyne And Wear NE38 8RY3
£350K09/210.23 mi51, Fatfield Park, Washington, Tyne And Wear NE38 8BP3
£115.5K11/220.26 mi10, Foxhills Close, Washington, Tyne And Wear NE38 8RP3
£145K12/220.26 mi50, Newriggs, Washington, Tyne And Wear NE38 8RS3
£440K10/220.28 mi28, Whittonstall, Washington, Tyne And Wear NE38 8PH3
£310K10/200.32 mi5, Whittonstall, Washington, Tyne And Wear NE38 8PH3
£340K04/240.32 mi14, Whittonstall, Washington, Tyne And Wear NE38 8PH3
£225K02/210.33 mi19, Haininghead, Washington, Tyne And Wear NE38 8SB3
£127K11/200.33 mi25, West Bridge Street, Houghton Le Spring, Tyne And Wear DH4 7PZ3
£185K08/230.34 mi27, Gowanburn, Washington, Tyne And Wear NE38 8SG3
£200K12/200.41 mi31, Brinkburn, Washington, Tyne And Wear NE38 8SD3
£155K12/200.55 mi70, Hogarth Drive, Washington, Tyne And Wear NE38 7LT3
£96K05/210.56 mi129, Rowan Avenue, Washington, Tyne And Wear NE38 9AQ3
£460K12/220.56 mi16, Whitby Drive, Washington, Tyne And Wear NE38 7NW3
£100K11/200.56 mi18, Hogarth Drive, Washington, Tyne And Wear NE38 7LB3
£296K06/230.57 mi33, Wroxton, Washington, Tyne And Wear NE38 7NU3
£251.2K04/240.57 mi2, Wroxton, Washington, Tyne And Wear NE38 7NU3
£260K03/230.57 mi3, Wroxton, Washington, Tyne And Wear NE38 7NU3
£40K02/210.57 mi23, Hogarth Drive, Washington, Tyne And Wear NE38 7LB3
£100K03/230.59 mi8, Pinewood Avenue, Washington, Tyne And Wear NE38 9AY3
£140K12/200.59 mi8, Hogarth Drive, Washington, Tyne And Wear NE38 7LA3
£155K11/200.62 mi8, Vigo Lane, Harraton, Washington, Tyne And Wear NE38 9AH3
£200.5K03/240.63 mi3, Chacombe, Washington, Tyne And Wear NE38 7HB3
£170K04/210.63 mi13, Chacombe, Washington, Tyne And Wear NE38 7HB3
£158K10/230.64 mi16, St Georges Estate, Washington, Tyne And Wear NE38 9AU3
£180K05/240.64 mi4, St Georges Estate, Washington, Tyne And Wear NE38 9AU3
£165K03/210.64 mi5, St Georges Estate, Washington, Tyne And Wear NE38 9AU3
£148K09/230.64 mi34, St Georges Estate, Washington, Tyne And Wear NE38 9AU3
£101K06/230.68 mi26, Gladstone Terrace, Penshaw, Houghton Le Spring, Tyne And Wear DH4 7PJ3
£100K04/240.69 mi67, Raeburn Avenue, Washington, Tyne And Wear NE38 7DY3
£275K08/230.69 mi11, Creevelea, Washington, Tyne And Wear NE38 7TU3
£255K11/200.69 mi10, Creevelea, Washington, Tyne And Wear NE38 7TU3
£121K01/210.7 mi18, Firtree Avenue, Washington, Tyne And Wear NE38 9BA3
£182K08/230.71 mi7, Finchale, Washington, Tyne And Wear NE38 7HE3
£196K11/200.71 mi38, New Road, Washington, Tyne And Wear NE38 9AT3
£118K11/210.74 mi24, Gainsborough Avenue, Washington, Tyne And Wear NE38 7EE3
£239K03/240.75 mi1, Dundrennan, Washington, Tyne And Wear NE38 7TX3
£127.5K02/240.76 mi10, Reynolds Avenue, Washington, Tyne And Wear NE38 7EQ3
£97.2K06/210.76 mi8, Mendip Drive, Washington, Tyne And Wear NE38 0PN3

Local Rents

18 rents from £650/mo to £1.8K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£75012/240.19 miFernlea Close, Fatfield, Washington, Tyne and Wear, NE383
£69512/240.32 mi-3
£67502/240.55 mi-3
£79508/230.56 mi-3
£72508/240.58 mi-3
£80003/250.78 mi-3
£1,80005/240.8 miThe Generals Wood, Washington, Tyne and Wear, NE383
£1,10012/240.93 miSternboro Park, Penshaw, Houghton le Spring, Tyne and Wear, DH43
£79505/240.94 miBurtree, Lambton, Washington, Tyne and Wear, NE383
£70005/240.96 mi-3
£72512/241.01 mi-3
£77512/241.04 mi-3
£79502/251.06 mi-3
£65012/241.19 mi-3
£65012/241.19 mi-3
£67505/241.2 miHorsley Road, Washington3
£72512/241.21 miPetteril, Washington, Tyne and Wear, NE383
£67505/241.24 mi-3

Local Area Statistics

Population in NE38

31,232

Population in Washington

52,264

Town centre distance

1.15 miles away

Nearest school

0.30 miles away

Nearest train station

3.13 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £110,000

September 6, 2024

Floor Plans

Description

  • Spacious Terraced House +
  • 3 Generous Bedrooms +
  • Fitted Shower Room +
  • Sought After Location +
  • Front & Rear Gardens +
  • Excellent School Catchment Area +
  • Conservatory to Rear +
  • No Onward Chain +
  • EPC Rating - D +

Discover a charming and spacious terraced house nestled in the sought-after location of Longacre, Washington. This property offers a fantastic opportunity to own a home in a desirable area, boasting three generous bedrooms, two receptions, and a fitted shower room.

Upon entering, you'll be greeted by a warm and inviting ambiance, creating an instant sense of home. The ground floor features a well-appointed reception area, perfect for entertaining guests or enjoying quality time with family. The window allows ample natural light to flood the room, creating a bright and open atmosphere.

The kitchen is fitted with modern appliances, providing an efficient and functional space to whip up delicious meals. In addition to the kitchen is a delightful conservatory, providing the perfect spot for relaxation or to enjoy casual dining while taking in the views of the beautiful rear garden.

Upstairs, you will find three generously sized bedrooms. Each room boasts plenty of space, so you can easily keep your personal belongings organised and out of the way. The fitted shower room offers convenience and ensures a refreshing start to your day.

Step outside into the front and rear gardens, offering outdoor relaxation and leisure. The rear garden is especially spacious, allowing plenty of space for children to play or for you to exercise your green thumb and create a personal garden sanctuary.

Living in Longacre, you'll benefit from excellent school catchment areas, ensuring your children have access to top-notch education. The location also provides easy access to local amenities, shops, and transport links, making daily errands a breeze.

This appealing property is offered with no onward chain, providing a hassle-free buying process. Don't miss out on the opportunity to make this charming terraced house your new home. Contact us today to arrange a viewing and seize this fantastic chance to secure a wonderful property in Longacre, Washington.

GROUND FLOOR Hall Living Room (5.40m x 3.30m) Kitchen (3.60m x 2.00m) Conservatory (3.20m x 2.80m)

FIRST FLOOR Landing Bedroom 1 (3.00m x 2.90m) Bedroom 2 (4.00m x 2.30m) Bedroom 3 (2.60m x 2.20m) Bathroom (4.00m x 2.00m)

MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision:

SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.

WATER METER - No

PARKING ARRANGEMENTS - Street Parking

BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here >

ELECTRIC CAR CHARGER - No

MOBILE PHONE SIGNAL No known issues at the property.

NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area. This property may have been built on or near an ex-mining site. Further information can/will be clarified by the solicitors prior to completion.

The information above has been provided by the seller and has not yet been verified at the point of producing this material. There may be more information related to the sale of this property that can be made available to any potential buyer.

Agent Details

Kimmitt and Roberts, Houghton Le Spring

0191 625 0759

Next Steps?

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