2 Bed Flat, Single Let, Cramlington, NE23 6JB, £84,950

Winshields, Collingwood Chase, Cramlington, NE23 6JB - 2 views - 7 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£40K - £160K
Sold Prices/m²£756/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,563
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,238

Stamp Duty & Legal Fees

£5,448

Total Cash In

£26,685

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£511

Running Costs/mo

£388

Cashflow/mo

£123

Cashflow/yr

£1,480

ROI

6%

Gross Yield

7%

Local Sold Prices

49 sold prices from £40K to £160K, average is £76.5K. £756/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£55K08/230.03 mi67, Winshields, Cramlington, Northumberland NE23 6JB2
£64K06/210.06 mi7, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£76.5K11/210.06 mi13, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£60K03/210.13 mi4, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£54K11/210.13 mi10, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£76K11/200.13 mi46, Whitelaw Place, Cramlington, Northumberland NE23 6HY2
£71K11/210.17 mi74, Westerkirk, Cramlington, Northumberland NE23 6NE2
£70K04/210.19 mi12, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£77.5K04/230.19 mi46, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£73.5K11/220.21 mi45, Coomside, Cramlington, Northumberland NE23 6HW2
£80K09/220.25 mi27, Wedder Law, Cramlington, Northumberland NE23 6LR2
£50.5K04/210.26 mi33, Wedder Law, Cramlington, Northumberland NE23 6LR2
£83K02/230.27 mi37, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£72K10/210.27 mi105, Cramond Way, Cramlington, Northumberland NE23 6LB2
£75K05/210.27 mi15, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£80K12/200.27 mi43, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£53.5K06/210.27 mi7, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£160K11/230.27 mi4, Wilton Close, Cramlington, Northumberland NE23 6LY2
£89K11/220.31 mi37, Crofthead Drive, Cramlington, Northumberland NE23 6LG2
£80K08/210.32 mi65, Wreay Walk, Cramlington, Northumberland NE23 6PB2
£79K07/220.34 mi52, Wedder Law, Cramlington, Northumberland NE23 6PA2
£83K02/210.35 mi78, Gresham Close, Cramlington, Northumberland NE23 6EJ2
£77K06/220.36 mi3, Craigend, Cramlington, Northumberland NE23 6LF2
£70K08/220.4 mi30, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£64K06/210.41 mi8, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£80.5K09/220.43 mi21, Winster Place, Cramlington, Northumberland NE23 6PH2
£73.3K05/220.46 mi12, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£63K07/230.47 mi21, Grey Avenue, Cramlington, Northumberland NE23 6PR2
£74K03/230.49 mi17, Glenluce Drive, Cramlington, Northumberland NE23 6PS2
£100K06/230.51 mi31, Greystoke Place, Cramlington, Northumberland NE23 6NL2
£97K02/210.55 mi5, Grantham Place, Cramlington, Northumberland NE23 6EQ2
£71K01/210.55 mi12, Greenlaw Road, Cramlington, Northumberland NE23 6NN2
£49.5K11/200.56 mi28, Alexandra Way, Cramlington, Northumberland NE23 6EB2
£69K05/220.56 mi25, Alexandra Way, Cramlington, Northumberland NE23 6EA2
£40K05/210.56 mi101, Doxford Place, Cramlington, Northumberland NE23 6DX2
£46K07/220.56 mi32, Alexandra Way, Cramlington, Northumberland NE23 6EB2
£79K04/210.71 mi41, Highburn, Cramlington, Northumberland NE23 6AZ2
£84K03/230.8 mi33, Monkside, Cramlington, Northumberland NE23 6JT2
£76.5K01/210.8 mi51, Monkside, Cramlington, Northumberland NE23 6JT2
£77K05/220.8 mi71, Monkside, Cramlington, Northumberland NE23 6JT2
£95K01/230.84 mi18, Harwood Close, Cramlington, Northumberland NE23 6AN2
£62K05/210.85 mi21, Harwood Close, Cramlington, Northumberland NE23 6AW2
£113K08/230.85 mi31, Harwood Close, Cramlington, Northumberland NE23 6AW2
£112K11/220.88 mi11, East View Avenue, Cramlington, Northumberland NE23 1DY2
£95K12/200.88 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£90K07/210.88 mi5, East View Avenue, Cramlington, Northumberland NE23 1DY2
£100K10/220.88 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£109K07/220.95 mi64, Mirlaw Road, Cramlington, Northumberland NE23 6UA2
£56K04/230.96 mi30, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL2

Local Rents

10 rents from £495/mo to £875/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£85005/240.03 mi-2
£65002/240.24 mi-2
£62502/240.27 mi-2
£87505/240.31 miCairnsmore Close, Cramlington2
£65006/240.33 miChirnside, Cramlington, Northumberland, NE23 6LQ2
£65007/240.33 miChirnside, Cramlington, NE232
£49507/240.4 miWindermere Close, Southfield Lea, Cramlington2
£49512/240.4 miWindermere Close, Southfield Lea, Cramlington2
£70005/240.52 miCoanwood Drive, Cramlington2
£67508/240.52 mi-2

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.17 miles away

Nearest school

0.30 miles away

Nearest train station

1.39 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 £84,950

February 24, 2025

Listed for £87,500

September 19, 2024

Floor Plans

Description

A two bedroomed, self contained flat on the third floor of a four storey block situated to the south east of the town, close to the Spine Road, A19, and within easy reach of local amenities.
The property offers well designed, secure accommodation ideal for a first time buyer, couple or single occupant. There is private parking on site and a garage.
The block at Winshields is owned by a resident management company with each owning a sixteenth share.
Details of the management charges are given below. The lease runs from 2012 with 138 years remaining
Council Tax Band A
EPC Rating C

Entrance Hall
Living Room 4.93m (16'2") x 3.10m (10'2")
Kitchen 2.44m (8'0") x 2.13m (7'0")
Range of high gloss base and wall units with drawers, cupboards and laminate worktops, stainless steel sink unit with mixer tap, built in cooker with electric hob and fan assisted oven, plumbing for washing machine, tiled splashbacks, electric extractor fan, washing and fridge are included in the sale

Bedroom One 4.01m (13'2") x 3.00m (9'10")
Wall mounted electric heater, built in wardrobes

Bedroom Two 4.01m (13'2") x 2.44m (8'0")
Wall mounted electric heater, built in cupboard containing Myleck Aquapoint electric water heater

Shower Room
Tiled shower compartment with Triton electric shower, pedestal wash and low level wc set, heated towel rail, tiled and lined walls

Externally
The block is set in grounds maintained by the management company.
There is a single garage in a block on the site and a parking space.
Current maintenance fee is £82.00 per month which includes building insurance, general maintenance of communal areas and gardens as well as legislative requirements.
The lease has been extended

Agent Details

Renown Estate Agents, Cramlington

01670 331202

Next Steps?

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