4 Bed Detached House, Refurb/BRRR, Cramlington, NE23 3LD, £395,000

Glazebury Way, Cramlington, NE23 3LD - 7 months ago

Sold STC
Refurb/BRRR
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£120K - £400K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£300,558

 

 

End Value (After Refurb)

£348,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£49,479

Bridging Loan Interest

£10,369

Total Cash In

£188,548

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£348,750

Mortgage (After Refinance)

£261,563

Mortgage LTV

75%

Cash Left In

£188,548

Equity

£87,188

Rent Range

£625 - £1,600

Rent Estimate

£875

Running Costs/mo

£1,285

Cashflow/mo

£-410

Cashflow/yr

£-4,918

Gross Yield

3%

Local Sold Prices

38 sold prices from £120K to £400K, average is £311K. £1.4K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£400K01/230.01 mi25, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£321K02/210.01 mi22, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£340K09/220.04 mi7, Gairloch Close, Cramlington, Northumberland NE23 3LJ4
£382.6K11/220.12 mi32, Ilford Avenue, Cramlington, Northumberland NE23 3LG4
£340K01/210.2 mi6, Greenholme Close, Cramlington, Northumberland NE23 3SU4
£355K06/210.22 mi13, Highstead Avenue, Cramlington, Northumberland NE23 3QT4
£195K12/220.23 mi18, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£216K03/210.23 mi39, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£312K11/210.26 mi4, Woburn Close, Cramlington, Northumberland NE23 3QP4
£350K04/210.27 mi15, Windsor Court, Cramlington, Northumberland NE23 3QR4
£328K12/200.32 mi16, Delamere Crescent, Cramlington, Northumberland NE23 3FS4
£350K01/210.35 mi9, Keston Drive, Cramlington, Northumberland NE23 3QA4
£360K12/200.35 mi21, Delamere Crescent, Cramlington, Northumberland NE23 3FY4
£355K08/230.36 mi12, Daylesford Road, Cramlington, Northumberland NE23 3FU4
£359K04/210.36 mi19, Keston Drive, Cramlington, Northumberland NE23 3QA4
£290K06/210.36 mi13, Keston Drive, Cramlington, Northumberland NE23 3QA4
£267.5K11/220.37 mi23, Annfield Road, Cramlington, Northumberland NE23 3GY4
£285K04/210.38 mi23, Yarmouth Drive, Cramlington, Northumberland NE23 1TS4
£265K08/230.38 mi11, Kirton Way, Cramlington, Northumberland NE23 2XR4
£345K01/230.42 mi27, Carlby Way, Cramlington, Northumberland NE23 3YU4
£310K02/210.42 mi13, Dearham Grove, Cramlington, Northumberland NE23 3FR4
£328.3K02/210.43 mi7, Lincoln Road, Cramlington, Northumberland NE23 3XT4
£271K09/210.45 mi37, Kingswood Road, Cramlington, Northumberland NE23 2XB4
£368K08/230.49 mi16, Lapford Drive, Cramlington, Northumberland NE23 3GP4
£355K05/230.53 mi2, Ellerton Way, Cramlington, Northumberland NE23 3HX4
£340K09/230.53 mi12, Ellerton Way, Cramlington, Northumberland NE23 3HX4
£337K06/210.53 mi6, Ellerton Way, Cramlington, Northumberland NE23 3HX4
£299.9K07/230.65 mi1, Murston Avenue, Cramlington, Northumberland NE23 3XN4
£310K12/200.65 mi12, Murston Avenue, Cramlington, Northumberland NE23 3XN4
£212K07/230.7 miWest View, Hastings Terrace, Shankhouse, Cramlington, Northumberland NE23 3JE4
£131K06/240.72 mi31, Mortimer Chase, East Hartford, Cramlington, Northumberland NE23 3ED4
£135K02/210.72 mi32, Mortimer Chase, East Hartford, Cramlington, Northumberland NE23 3ED4
£120K05/230.72 mi9, Mortimer Chase, East Hartford, Cramlington, Northumberland NE23 3ED4
£240K11/220.72 mi15, Hickstead Grove, Cramlington, Northumberland NE23 2FF4
£290K04/210.72 mi2, Dunsdale Drive, Cramlington, Northumberland NE23 2GA4
£240K06/230.8 mi8, Oswestry Place, Cramlington, Northumberland NE23 2YJ4
£156.5K08/210.82 mi60, Blagdon Crescent, Nelson Village, Cramlington, Northumberland NE23 1HJ4
£215.5K11/200.88 mi8, Otley Close, Cramlington, Northumberland NE23 2YP4

Local Rents

22 rents from £625/mo to £1.6K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£95006/240.35 miFilton Close, Cramlington, Northumberland, NE23 1RZ3
£80007/240.47 mi-3
£80007/240.47 miKendal Drive, Cramlington, NE233
£70005/240.55 mi-3
£89505/240.57 miAlderley Way, Cramlington, Northumberland, NE23 2UF4
£79506/240.63 miAlderley Way, Cramlington, Northumberland, NE23 2UF3
£95005/240.64 miRingwood Drive, Cramlington, NE233
£67505/240.67 mi-3
£62504/240.7 mi-3
£79505/240.74 miTangmere Close, Cramlington3
£1,60005/240.76 miOld Crow Hall Lane, Cramlington, Northumberland, NE23 1BN3
£82505/240.77 miOakley Drive, Cramlington, Northumberland, NE23 2YF3
£90006/240.86 miSouth View Place, Cramlington, Northumberland, NE233
£92508/241 mi-3
£92507/241 miDoddington Drive, Cramlington, NE233
£99007/241.02 mi-3
£80006/241.02 miChipchase Avenue, Cramlington3
£80006/241.05 miChipchase Avenue, Cramlington, NE233
£90005/241.11 miHarwood Close, Cramlington, Northumberland, NE23 6AW3
£87507/241.23 mi-3
£85006/241.23 miAlexandra Way, Cramlington, NE233
£87507/241.23 miAlexandra Way, Cramlington, NE233

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.72 miles away

Nearest school

0.10 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £395,000

February 12, 2025

Listed for £410,000

September 11, 2024

Floor Plans

Description

  • Detached Family Home +
  • *Freehold +
  • Four/Five Bedrooms +
  • Sought After Location +
  • Northburn Manor +
  • Garage and Off Street Parking +
  • Modern Kitchen/Dining/Family Room +
  • Utility Room & Downstairs W.C +
  • Large Rear Garden +
  • En-Suite And Dressing Room +

* DETACHED FAMILY HOME - 4/5 BEDROOMS - MODERN THROUGHOUT - OFF STREET PARKING FOR MULTIPLE VEHCILES- GARAGE - UTILITY ROOM - TWO DOWNSTAIRS CLOAKS - BRAND NEW WORCESTER BOSCH BOILER WHICH IS UNDER WARRANTY - EN-SUITE FACILITIES AND DRESSING ROOM - SPACIOUS ACCOMMODATION - *FREEHOLD - NORTHBURN MANOR*

Mike Rogerson Estate Agents are delighted to bring to the sales market this fabulous detached four bedroom property ideally tucked away in a quiet cul-de-sac located on the much sought after residential estate of Glazbury Way, Northburn Manor, Cramlington. The property offers spacious accommodation over two floors with a very modern kitchen/dining/family room to the rear.

The interior of this home reflects a modern and sophisticated design that prioritises space, light and functionality. The home allows new owners to easily personalise the space without the need for any renovations.

Cramlington is a popular town located within easy commuting distance of the Tyneside conurbation. The shopping offered in Cramlington is large and varied, with national supermarkets and chain stores clustered around the Manor Walks shopping development, which also features a cinema and a leisure centre . Cramlington was planned as a new town and features interconnected footpaths and cycle paths throughout, connecting the various estates and the multitude of green spaces. The town also boasts excellent schools including the excellent Cramlington Learning Village, doctors surgeries, sports clubs, public houses and restaurants.

The vendors have recently fitted a brand new Worcester Bosch boiler which currently has a 5 year warranty with an option to extend to a 12 year warranty.

The property comprises; an entrance hallway leads you to the downstairs cloaks, spacious lounge with chimney breast and log burning stove. Log storage has been built into the alcoves. There is an additional multi functional room downstairs, it could be a formal dining room/ second lounge/ play room/ office space/ fifth bedroom - options are endless. The real gem of this property is to the rear where modern day family living has been created, a kitchen/dining/family room, flooded with natural light dominates the rear of the property. Fitted with a modern shaker style kitchen, boasting integral appliances, direct access to the rear, this really is an excellent use of the space on offer. It doesn't stop there, the current vendors have created an excellent utility room, with plumbing for a washing machine and additional storage cupboards, also leading to the rear garden and the garage - there is even an additional WC located in this space! To the first floor there are four good sized bedrooms. Bedroom one, is really spoiling the new owners with a walk in wardrobe space with fitted wardrobes and a modern en-suite, the property really does have a fantastic living space on offer. Loft access is from bedroom four and a well appointed family bathroom.

Externally, the property and the neighbouring property are located in their own private cul-de-sac. Ample off street parking is on offer in the form of a block paved drive and gravelled area. To the rear of the property a large private garden has a gravelled area, patio laid and laid to lawn section.

*We have been advised by the vendors that the property is Freehold, however we advise confirmation is sought from your legal representative upon an offer being accepted.Viewings are highly recommended to appreciate the level of accommodation on offer.

Agent Details

Mike Rogerson Estate Agents, Cramlington

01670 332963

Next Steps?

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