3 Bed Terraced House, Single Let, Cramlington, NE23 6XQ, £110,000

Marjorie Street, East Cramlington, NE23 6XQ - 7 months ago

Sold STC
BTL
ROI: 10%
~86 m²
+10 photos

ValuationUndervalued

Sold Prices£35K - £331.1K
Sold Prices/m²£409/m² - £4.8K/m²

 

 

Square Metres

~85.90 m²
Price/m²£1.3K/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£795 - £1,095

Rent Estimate

£800

Running Costs/mo

£524

Cashflow/mo

£276

Cashflow/yr

£3,315

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £35K to £331.1K, average is £157.5K. £409/m² to £4.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£93K01/210.02 mi34, Lamb Street, Cramlington, Northumberland NE23 6XF3
£147.5K07/240.04 mi4, Helen Street, Cramlington, Northumberland NE23 6XG3
£35K10/210.29 mi39, Reedswood Crescent, Cramlington, Northumberland NE23 6RW3
£146.5K03/210.29 mi38, Reedswood Crescent, Cramlington, Northumberland NE23 6RW3
£190K10/230.48 mi41, Beech Avenue, Cramlington, Northumberland NE23 6XS3
£166K03/210.48 mi21, Beech Avenue, Cramlington, Northumberland NE23 6XS3
£225K03/210.56 mi10, Jackson Close, Seaton Delaval, Whitley Bay, Northumberland NE25 0PL3
£250K10/220.61 mi22, Wheatfields, Seaton Delaval, Whitley Bay, Northumberland NE25 0PZ3
£215K11/200.62 mi27, Wheatfields, Seaton Delaval, Whitley Bay, Northumberland NE25 0PZ3
£182K07/210.62 mi6, Palladian Walk, Seaton Delaval, Whitley Bay, Northumberland NE25 0PF3
£88K07/210.65 mi7, Percy Street, Cramlington, Northumberland NE23 6RG3
£102K09/230.65 mi6, Percy Street, Cramlington, Northumberland NE23 6RG3
£330K10/220.67 mi3, Ambridge Way, Seaton Delaval, Whitley Bay, Northumberland NE25 0PY3
£116K08/230.67 mi40, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£180K01/240.67 mi7, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£77K04/210.68 mi14, Storey Street, Cramlington, Northumberland NE23 6RL3
£124K02/240.68 mi2, Ridley Street, Cramlington, Northumberland NE23 6RH3
£99K07/240.68 mi8, Ridley Street, Cramlington, Northumberland NE23 6RH3
£85K03/230.68 mi25, Ridley Street, Cramlington, Northumberland NE23 6RH3
£250K09/210.7 mi13, Delaval Court, Seaton Delaval, Whitley Bay, Northumberland NE25 0QX3
£110K05/210.71 mi1, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£170K04/240.71 mi57, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£170K06/210.72 mi20, Pickering Close, Cramlington, Northumberland NE23 6QB3
£170K11/230.74 mi32, Village Road, Cramlington, Northumberland NE23 2AJ3
£155K11/230.75 mi3, West View, Cramlington, Northumberland NE23 6RJ3
£140K05/210.78 mi25, Fernley Villas, Cramlington, Northumberland NE23 2AG3
£152K04/240.81 mi64, Mayfield Avenue, Cramlington, Northumberland NE23 2AA3
£118.5K04/210.83 mi10, Olney Close, Cramlington, Northumberland NE23 2YN3
£128K05/210.85 mi13, Chatton Avenue, Cramlington, Northumberland NE23 6TA3
£135K05/240.85 mi40, Chatton Avenue, Cramlington, Northumberland NE23 6TA3
£170K11/200.86 mi4, Meadow Close, Seghill, Cramlington, Northumberland NE23 7HJ3
£179.9K06/210.86 mi18, Meadow Close, Seghill, Cramlington, Northumberland NE23 7HJ3
£85K09/230.87 mi42, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£97K01/210.87 mi32, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£179.9K01/240.88 mi84, Cateran Way, Cramlington, Northumberland NE23 6HG3
£260K06/210.88 mi17, Whiteford Place, Seghill, Cramlington, Northumberland NE23 7RS3
£235K08/210.88 mi42, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL3
£191.5K07/230.88 mi15, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£160K08/210.88 mi10, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£136.9K03/230.89 mi8, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YW3
£125K05/210.89 mi18, Oxford Avenue, Cramlington, Northumberland NE23 2YW3
£220K12/200.89 mi24, Oxford Avenue, Cramlington, Northumberland NE23 2YW3
£210K11/230.9 mi3, Oulton Close, Cramlington, Northumberland NE23 2YD3
£185K11/210.91 mi7, Oakley Drive, Cramlington, Northumberland NE23 2YB3
£170K10/230.91 mi1, Oakley Drive, Cramlington, Northumberland NE23 2YB3
£148.5K12/230.91 mi57, Cramond Way, Cramlington, Northumberland NE23 6LA3
£125K11/220.91 mi35, Tindale Avenue, Cramlington, Northumberland NE23 2BP3
£331.1K08/210.92 mi16, Twickenham Court, Seghill, Cramlington, Northumberland NE23 7TB3
£265K10/210.92 mi20, Twickenham Court, Seghill, Cramlington, Northumberland NE23 7TB3
£136K11/200.92 mi11, Coomside, Cramlington, Northumberland NE23 6HW3

Local Rents

11 rents from £795/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90006/240.01 miMarjorie Street, East Cramlington, Cramlington, Northumberland, NE23 6XQ3
£1,09503/250.81 mi-3
£94010/240.83 mi-3
£82505/240.98 miOakley Drive, Cramlington, Northumberland, NE23 2YF3
£80006/240.98 miChipchase Avenue, Cramlington, NE233
£80006/240.99 miChipchase Avenue, Cramlington3
£79505/241.08 miTangmere Close, Cramlington3
£95012/241.1 miAstley Road, Seaton Delaval, NE253
£95002/251.12 mi-3
£90006/241.15 miSouth View Place, Cramlington, Northumberland, NE233
£95005/241.19 miRingwood Drive, Cramlington, NE233

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.58 miles away

Nearest school

0.80 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

September 19, 2024

Floor Plans

Description

  • Sought After Location +
  • Three Bedrooms +
  • Spacious Living Room +
  • Excellent Transport Links +
  • Rear Enclosed Garden +

The Property
This charming three-bedroom terraced home is located on Marjorie Street in the heart of East Cramlington, Northumberland. Offering spacious living areas, the ground floor boasts a bright and welcoming living room that flows seamlessly into a separate dining area, providing the perfect space for entertaining guests or enjoying family time. The modern kitchen is fitted with contemporary units and has direct access to the rear enclosed garden, an ideal space for outdoor relaxation or hosting summer barbecues.

On the first floor, there are two generously sized double bedrooms and a smaller third bedroom, perfect for use as a child's room, home office, or guest space. The family bathroom is well-appointed with a bath, overhead shower, and modern fixtures.

Located in a well-connected area, this home is close to a range of local amenities, including shops, schools, and parks, making it ideal for families. Excellent transport links are available, with easy access to Cramlington train station, regular bus services, and major road networks like the A19 and A1, ensuring a convenient commute to Newcastle, surrounding towns, and coastal areas.

With its practical layout, modern amenities, and great location, this property is a fantastic opportunity for first-time buyers, growing families, or those seeking a comfortable suburban lifestyle in a thriving community.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Newcastle upon Tyne

020 3909 0309

Next Steps?

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