2 Bed Terraced House, Single Let, Newcastle upon Tyne, NE15 8EE, £95,000

Woodburn Street, Newcastle upon Tyne, Tyne and Wear, NE15 8EE - 5 views - 6 months ago

Sold STC
BTL
ROI: 7%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£65.3K - £199.9K
Sold Prices/m²£824/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£100,326
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£575 - £2,000

Rent Estimate

£599

Running Costs/mo

£437

Cashflow/mo

£162

Cashflow/yr

£1,948

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £65.3K to £199.9K, average is £108.5K. £824/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£93K12/230.02 mi53, Warkworth Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8ED2
£74K12/200.02 mi12, Woodburn Street, Newcastle Upon Tyne, Tyne And Wear NE15 8EE2
£109K10/220.08 mi75, Kielder Road, Newcastle Upon Tyne, Tyne And Wear NE15 8BW2
£108K10/210.09 mi14, Blyth Court, Newcastle Upon Tyne, Tyne And Wear NE15 8EY2
£70K02/240.11 mi30, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£80K08/210.11 mi5, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£97K12/220.12 mi33, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£68K06/230.15 mi22, Lesbury Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DN2
£78K12/200.15 mi27, Eva Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DP2
£75K09/210.21 mi25, Orchard Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8AA2
£98K03/230.23 mi52, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RX2
£87.3K07/230.25 mi61, Sugley Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RT2
£75K01/230.25 mi43, Sugley Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RT2
£65.3K08/230.26 mi19, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RY2
£110K09/230.26 mi23, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RY2
£100K02/230.3 mi56, Rokeby Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RP2
£122K05/230.31 mi3, Malvern Court, Newcastle Upon Tyne, Tyne And Wear NE15 8XE2
£65.3K08/230.31 mi31, Malvern Court, Newcastle Upon Tyne, Tyne And Wear NE15 8XE2
£105K11/200.32 mi21, Crofton Way, Newcastle Upon Tyne, Tyne And Wear NE15 8QF2
£83.5K12/200.32 mi22, Rokeby Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RR2
£80K11/220.32 mi60, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£94K10/230.33 mi36, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£100K11/230.33 mi53, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£83K02/230.33 mi61, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£87K01/210.33 mi27, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RE2
£127.5K05/210.33 mi8, Doddington Close, Newcastle Upon Tyne, Tyne And Wear NE15 8QL2
£80K06/240.34 mi55, Dene Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 8RL2
£135K01/240.39 mi25, South Fork, Newcastle Upon Tyne, Tyne And Wear NE15 8TZ2
£90K10/200.4 mi13, Ellington Close, Newcastle Upon Tyne, Tyne And Wear NE15 8QN2
£153K07/230.41 mi3, Elmwood, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8TP2
£155K05/240.41 mi43, Aldeburgh Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8TA2
£128K12/200.41 mi43, Aldeburgh Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8TA2
£170K01/230.41 mi87, Aldeburgh Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8TA2
£105K02/230.42 mi10, Elmwood, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8TP2
£163K09/230.44 mi9, Newdene Walk, Newcastle Upon Tyne, Tyne And Wear NE15 7QS2
£176K08/230.44 mi11, Newdene Walk, Newcastle Upon Tyne, Tyne And Wear NE15 7QS2
£130K03/240.44 mi8, Jade Close, Newcastle Upon Tyne, Tyne And Wear NE15 8TF2
£115K12/230.45 mi1, Moorcroft Close, Newcastle Upon Tyne, Tyne And Wear NE15 7QF2
£170K01/230.45 mi2, Ottercap Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XJ2
£180K04/210.45 mi6, Overton Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XL2
£151K07/210.46 mi37, Neptune Road, Newcastle Upon Tyne, Tyne And Wear NE15 7QN2
£119K06/230.46 mi71, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8QG2
£134K07/230.46 mi73, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8QG2
£189.9K01/210.46 mi40, Romsey Grove, Newcastle Upon Tyne, Tyne And Wear NE15 8TE2
£199.9K04/230.47 mi3, Allerdean Close, Newcastle Upon Tyne, Tyne And Wear NE15 8XN2
£173K12/220.47 mi16, Claremont Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 7LB2
£155K09/210.49 mi16, Ormskirk Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XN2
£129.9K09/200.52 mi98, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8XQ2
£125K02/210.52 mi8, Cobalt Close, Newcastle Upon Tyne, Tyne And Wear NE15 8TL2
£125K02/210.52 mi8, Cobalt Close, Newcastle Upon Tyne, Tyne And Wear NE15 8TL2

Local Rents

10 rents from £575/mo to £2K/mo, average is £710/mo.

RentDateDistanceAddressBeds 
£65002/250.24 mi-2
£65004/240.27 mi-2
£67511/240.31 mi-2
£2,00006/240.31 mi-2
£1,80001/250.31 mi-2
£1,75003/250.31 mi-2
£74511/240.4 mi-2
£79506/240.52 miWishaw Rise, Lemington2
£67505/240.61 miSt. Georges Terrace Bells Close, Newcastle Upon Tyne, NE152
£57511/230.62 mi-2

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

3 miles away

Nearest school

0.30 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £95,000

September 25, 2024

Sold for £87,500

2006

Floor Plans

Description

  • Two Bedroom Mid Terrace House +

  • NO ONWARD CHAIN +

  • Well presented throughout +

  • Floor Area - Approximate 936 Sq.ft / 87 Sq.m +

  • Council Tax Band - A +

  • EPC Rating - D +

Improved two bedroom mid terrace home provides substantial accommodation in this highly convenient location.

The property is offered with NO ONWARD CHAIN and is suitable for a variety of potential buyers. Situated in a popular village location this property boasts numerous features including gas fired central heating, double glazed windows and on street parking.

With well proportioned rooms and high ceilings this property offers a fantastic opportunity to acquire a good sized home in a great location. Viewing is a must to fully appreciate.

The deceptively spacious and nicely presented accommodation briefly comprises of; Entrance vestibule, entrance hall, lounge to the front and opening into ample sized dining room, kitchen with access to rear yard.

To the first floor a spacious landing provides access to the modern family bathroom comprising of three piece white suite and two DOUBLE bedrooms.

Lemington is an accessible village to the west of Newcastle city centre. It provides excellent transport links in all directions as well as easy access across the river over the nearby Scotswood Bridge. The A1 and A69 are also close at hand. Lemington benefits from a range of local services including schools, shops and library, all of which are within easy walking distance of the property.

We understand the property is freehold.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QWD240214/2

Agent Details

YOUR MOVE Chris Stonock, West Denton

0191 625 0263

Next Steps?

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