3 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE11 9ER, £140,000

Lister Avenue, Dunston, Gateshead, NE11 9ER - 6 views - 7 months ago

Sold STC
Cash
ROI: 8%
~73 m²
+11 photos

ValuationOvervalued

Sold Prices£65K - £305K
Sold Prices/m²£691/m² - £3.2K/m²

 

 

Square Metres

~72.80 m²
Price/m²£1.9K/m²

Value Estimate

£115,370

 

 

End Value (After Refurb)

£107,950

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£27,868

Bridging Loan Interest

£3,675

Total Cash In

£73,693

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,950

Mortgage (After Refinance)

£80,963

Mortgage LTV

75%

Cash Left In

£73,693

Equity

£26,988

Rent Range

£895 - £1,250

Rent Estimate

£1,040

Running Costs/mo

£565

Cashflow/mo

£475

Cashflow/yr

£5,696

ROI

8%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £305K, average is £150K. £691/m² to £3.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£125K01/210.02 mi32, Rendel Street, Gateshead, Tyne And Wear NE11 9ES3
£148K11/230.07 mi13, Tyndal Gardens, Gateshead, Tyne And Wear NE11 9EU3
£120K11/220.07 mi27, Tyndal Gardens, Gateshead, Tyne And Wear NE11 9EU3
£132.3K07/220.08 mi18, Barry Street, Dunston, Gateshead, Tyne And Wear NE11 9AS3
£150K06/230.11 mi63, Dunston Road, Gateshead, Tyne And Wear NE11 9EH3
£175K07/230.13 mi16, Johnson Street, Dunston, Gateshead, Tyne And Wear NE11 9AQ3
£173K11/230.13 mi20, Johnson Street, Dunston, Gateshead, Tyne And Wear NE11 9AQ3
£158K12/230.14 mi13, Keppel Street, Gateshead, Tyne And Wear NE11 9AR3
£167K04/230.14 mi28, Keppel Street, Gateshead, Tyne And Wear NE11 9AR3
£103K03/230.18 mi82, Meadow Lane, Gateshead, Tyne And Wear NE11 9PP3
£160K02/230.2 mi36, Spoor Street, Gateshead, Tyne And Wear NE11 9BD3
£105K06/210.2 mi16, Wallace Street, Gateshead, Tyne And Wear NE11 9AY3
£137K06/210.2 mi16, Victoria Street, Gateshead, Tyne And Wear NE11 9AX3
£105K12/210.21 mi49, Renforth Street, Gateshead, Tyne And Wear NE11 9BE3
£108.9K07/210.24 mi324, Dunston Road, Gateshead, Tyne And Wear NE11 9PB3
£145K03/210.26 mi27, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF3
£160K05/230.26 mi18, Collingwood Terrace, Gateshead, Tyne And Wear NE11 9DU3
£171K09/210.26 mi30, Grebe Close, Gateshead, Tyne And Wear NE11 9FE3
£175K07/230.26 mi54, Grebe Close, Gateshead, Tyne And Wear NE11 9FE3
£210K09/230.26 mi123, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF3
£145K03/210.26 mi27, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF3
£180K07/230.26 mi33, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF3
£157.5K03/240.26 mi38, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FG3
£137K12/200.28 mi67, Beech Drive, Gateshead, Tyne And Wear NE11 9PD3
£210K11/230.28 mi51, Beech Drive, Gateshead, Tyne And Wear NE11 9PD3
£145K11/200.31 mi25, Grebe Close, Gateshead, Tyne And Wear NE11 9FD3
£171K02/230.31 mi26, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£137.5K07/230.32 mi10, Clavering Square, Gateshead, Tyne And Wear NE11 9PF3
£135K10/220.33 mi13, Shrewsbury Street, Gateshead, Tyne And Wear NE11 9NS3
£180K08/230.33 mi41, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£135K03/210.33 mi12, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£65K04/210.33 mi14, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£305K02/220.34 miAdderstone, Dunston Bank, Gateshead, Tyne And Wear NE11 9QA3
£145K07/230.35 mi2, Grace Street, Gateshead, Tyne And Wear NE11 9NT3
£98K03/210.35 mi11, Grace Street, Gateshead, Tyne And Wear NE11 9NT3
£157K12/220.35 mi4, Shrewsbury Street, Gateshead, Tyne And Wear NE11 9NS3
£107K02/210.36 mi4, Kensington Terrace, Gateshead, Tyne And Wear NE11 9SL3
£130K06/210.36 mi66, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£120K07/210.36 mi64, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£130K07/210.37 mi55, Park Terrace, Dunston, Gateshead, Tyne And Wear NE11 9PA3
£182.5K01/240.37 mi14, Park Terrace, Dunston, Gateshead, Tyne And Wear NE11 9PA3
£185K07/230.37 mi39, Park Terrace, Dunston, Gateshead, Tyne And Wear NE11 9PA3
£150K10/220.37 mi54, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£184K02/230.39 mi3, Park Terrace, Dunston, Gateshead, Tyne And Wear NE11 9PA3
£160K09/230.39 mi11, Ravensworth Terrace, Dunston, Gateshead, Tyne And Wear NE11 9TE3
£100K12/200.39 mi6, Wilson Street, Gateshead, Tyne And Wear NE11 9UB3
£159.9K10/210.41 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.41 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£185K02/210.42 mi40, Holmside Avenue, Gateshead, Tyne And Wear NE11 9TJ3
£150K03/230.43 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3

Local Rents

15 rents from £895/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99504/240.13 mi-3
£90004/250.15 mi-3
£99506/240.28 miBittern Close, Dunston, NE113
£89512/240.29 miBittern Close, Gateshead, Tyne and Wear, NE11 9FG3
£95005/240.34 mi-3
£1,10002/250.34 mi-3
£89506/240.36 mi-3
£99506/240.41 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3
£1,10006/240.45 miTrinity Courtyard, The Staiths, Gateshead, NE83
£90007/240.58 miMay Courtyard, Shrove Pass, Gateshead, NE83
£89503/250.59 mi-3
£1,25007/240.59 miRopery Road, Gateshead, NE83
£1,00007/240.6 miNorthside, The Staithes, Dunston3
£1,20011/240.61 mi-3
£1,25001/250.61 mi-3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £140,000

September 27, 2024

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Garage +
  • Gated Off Street Parking +
  • Front and Rear Gardens +
  • Modern Ground Floor Shower Room +
  • Requires Some Updating +
  • No Onward Chain +

Jan Mitchell Properties are pleased to welcome to the market this three bedrooms semi detached house on the sought after Lister Avenue, Dunston. The property would make an ideal purchase for the first time buyer, growing family or investor alike, offered with No Onward Chain.

The property briefly comprises of:- Entrance hall, ground floor three piece shower room, lounge with storage cupboard and feature fireplace, dining area which looks out to the rear garden, opening up to the kitchen with fitted wall and floor units. To the first floor, there are three good sized bedrooms and a separate WC. The property also benefits from double glazing, gas central heating and ample storage.

Externally, there are lawned gardens to the front and rear as well as a gated driveway offering off street parking for multiple vehicles, leading to the detached single garage.

Location
Located in Dunston, the property benefits from easy access to a wealth of local amenities including shops, schools and leisure facilities with further amenities easily accessed in the nearby Metro Centre & Team Valley retail park as well as in Newcastle & Gateshead city centres via the nearby A1 Motorway and regular bus routes.

Measurements
Lounge - 3.58 x 4.40
Dining Room - 2.73 x 3.14
Kitchen - 2.66 x 1.80
Bedroom One - 3.73 x 2.89
Bedroom Two - 2.84 x 3.30
Bedroom Three - 2.55 x 2.37

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: A (Gateshead Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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