2 Bed Flat, Single Let, Hebburn, NE31 2BN, £75,000

Finchale Road, ., Hebburn, Tyne and Wear, NE31 2BN - 7 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~66 m²
+16 photos

ValuationUndervalued

Sold Prices£42K - £110K
Sold Prices/m²£443/m² - £1.8K/m²

 

 

Square Metres

~65.90 m²
Price/m²£1.1K/m²

Value Estimate

£78,097
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£600

Running Costs/mo

£374

Cashflow/mo

£226

Cashflow/yr

£2,708

ROI

11%

Gross Yield

10%

Local Sold Prices

51 sold prices from £42K to £110K, average is £71K. £443/m² to £1.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£68.8K07/230.06 mi155, Finchale Road, Hebburn, Tyne And Wear NE31 2BW2
£75K01/210.23 mi28, Suffolk Road, Hebburn, Tyne And Wear NE31 2DX2
£69K01/210.47 mi3, Quarry Road, Hebburn, Tyne And Wear NE31 2UN2
£62.5K09/210.49 mi51, Victoria Road East, Hebburn, Tyne And Wear NE31 1XL2
£68K03/220.51 mi41, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£77.5K03/230.51 mi25, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£68K04/230.51 mi23, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£78K10/200.52 mi37, Wellington Street, Hebburn, Tyne And Wear NE31 2UQ2
£69K11/220.54 mi27, Victoria Road West, Hebburn, Tyne And Wear NE31 1UZ2
£85K07/230.54 mi26, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£90K11/230.54 mi4, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£65K09/230.54 mi22, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£80K09/220.54 mi4, Lindisfarne Road, Hebburn, Tyne And Wear NE31 2JA2
£91K01/230.55 mi9, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£60K01/210.58 mi19, Station Road, Hebburn, Tyne And Wear NE31 1LA2
£43K01/230.62 mi13, Red House Road, Hebburn, Tyne And Wear NE31 2XF2
£62K01/230.66 mi64, Frobisher Street, Hebburn, Tyne And Wear NE31 2XE2
£42K10/200.66 mi23, Tweed Street, Hebburn, Tyne And Wear NE31 1XP2
£81K09/210.66 mi79, Wansbeck Road, Jarrow, Tyne And Wear NE32 5SS2
£68K07/230.67 mi10, Vimy Avenue, Hebburn, Tyne And Wear NE31 1QR2
£50K01/210.67 mi85, Howe Street, Hebburn, Tyne And Wear NE31 2XH2
£66.5K02/240.68 mi71, Red House Road, Hebburn, Tyne And Wear NE31 2XG2
£65K03/210.68 mi80, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£45.5K04/230.68 mi54, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£81K10/230.68 mi77, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£49K09/210.71 mi31, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£58.5K09/220.71 mi33, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£61.5K01/230.71 mi87, Collingwood Street, Hebburn, Tyne And Wear NE31 2XW2
£50K01/210.71 mi75, Hedgeley Road, Hebburn, Tyne And Wear NE31 1PR2
£82.5K04/220.73 mi5, May Close, Hebburn, Tyne And Wear NE31 1FD2
£90K10/200.74 mi3, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£110K09/230.74 mi4, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£51.5K12/200.74 mi12, Marlborough Court, Jarrow, Tyne And Wear NE32 5RB2
£83K04/220.76 mi72, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£80K03/230.76 mi5, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£86K12/220.76 mi86, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£85K04/240.76 mi70, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£76.5K06/230.77 mi43, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K09/230.77 mi64, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K06/230.77 mi47, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£61K09/220.78 mi67, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£85K07/220.8 mi33, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£85K12/200.81 mi25, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£87.5K04/210.81 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£83K10/210.81 mi32, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£79K01/230.81 mi29, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£100K04/230.81 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.81 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.81 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£63.5K08/210.82 mi295, Albert Road, Jarrow, Tyne And Wear NE32 5JU2
£65K11/220.87 mi25, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2

Local Rents

19 rents from £500/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60006/240.2 miThames Road, Hebburn, Tyne and Wear, NE31 2BX2
£60009/230.21 mi-2
£60003/250.21 mi-2
£85006/240.32 miToner Avenue, Hebburn2
£80006/240.45 miAdair Way, Hebburn, Tyne and Wear, NE312
£80007/240.45 miAdair Way, Hebburn, Tyne and Wear, NE312
£79507/240.48 miQuarry Road, Hebburn, Tyne and Wear, NE31 2UN2
£77505/240.52 miPalmer Crescent, Hebburn, Tyne & Wear2
£72506/240.52 miVictoria Road East, Hebburn, Tyne and Wear, NE31 1XG2
£62507/240.54 mi-2
£62506/240.54 miVictoria Road West, Hebburn, NE312
£60004/240.54 mi-2
£57505/240.54 miVictoria Road West, Hebburn, Tyne And Wear, NE312
£50009/230.54 mi-2
£75006/240.56 miJohnston Avenue, Hebburn, Tyne And Wear, NE312
£67502/250.56 mi-2
£62507/240.59 miTweed Street, Hebburn, Tyne and Wear, NE312
£65006/240.61 miWhickham Road, Hebburn, South Tyneside2
£65005/240.61 mi-2

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £75,000

September 13, 2024

Floor Plans

Description

  • SPACIOUS GROUND FLOOR PLAT +
  • TWO DOUBLE BEDROOMS +
  • BRIGHT AND AIRY LOUNGE +
  • MODERN FITTED KITCHEN / FAMILY BATHROOM +
  • PRIVATE GARDEN TO FRONT / SHARED TO REAR +
  • IMMACULATELY PRESENTED +

Pattinson Estate Agents are delighted to welcome to the market this two bedroom Lower Flat situated on Finchale Road, Hebburn.

Occupying a fabulous central location and set back from the main thoroughfare, this wonderfully spacious flat is not to be missed! This bright and airy property provides a large living space, the lounge benefitting from two adjacent windows that allow the light to flood into the living space, which can easily be zoned into a dining and relaxing lounge space. The fully fitted kitchen, with some integrated appliances, provides an abundance of storage and work surface for those who love to cook and if you prefer some outdoor space, this property has a lawned garden that wraps around the front and side of the building, in addition to the shared garden at the rear of the property.

Ideally located and within walking distance to nearby schools and other local amenities, the property is situated close by the popular, picturesque Monkton Village, is within walking distance of several Greenbelt areas and a local cycling track which stretches from Gateshead to Newcastle. The property location also offers excellent bus links to Newcastle City Centre, South Shields, Hebburn Mountbatten Shopping Centre and Jarrow Viking Shopping Centre. Hebburn Metro Station is nearby for direct travel to Newcastle City Centre, South Shields and the coast with connections for travel to Sunderland City Centre. Road links are also nearby to the A1, A19 to the South and the Tyne Tunnel to much of the North East.

This well proportioned home is perfect for those looking to take their first steps on the property ladder or downsizing!

Briefly comprising of; Entrance / Hallway, Lounge, Kitchen, Two Double Bedroom and Family Bathroom. Externally to the front lies a private garden with gated access and to the rear a shared enclosed garden leading to off street parking.

Properties in this location are popular and an early viewing is recommended.

Call Pattinson Jarrow on or email

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 100

Agent Details

Pattinson Estate Agents, Jarrow

0191 625 0173

Next Steps?

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