3 Bed Detached House, Single Let, Cramlington, NE23 7PN, £185,000

Cheviot Grange, Burradon, Cramlington, NE23 7PN - 7 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£60K - £240K
Sold Prices/m²£789/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£147,790

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£600 - £1,600

Rent Estimate

£861

Running Costs/mo

£770

Cashflow/mo

£91

Cashflow/yr

£1,088

ROI

2%

Gross Yield

6%

Local Sold Prices

49 sold prices from £60K to £240K, average is £135K. £789/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£89.5K11/200.09 mi72, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£181K05/210.09 mi43, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£114K10/200.15 mi1, Means Court, Burradon, Cramlington, Tyne And Wear NE23 7PE3
£90K06/240.24 mi24, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£60K03/230.24 mi19, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£118K08/230.24 mi1, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£90K06/210.27 mi49, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PD3
£200K09/210.3 mi6, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NE3
£152K03/210.38 mi27, Redford Place, Burradon, Cramlington, Tyne And Wear NE23 7LG3
£135K06/240.4 mi88, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XT3
£115K07/240.44 mi12, Hall Drive, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XP3
£95K02/210.45 mi153, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XU3
£110K05/210.46 mi61, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XS3
£115K10/230.48 mi46, Station Road, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5UX3
£158K12/200.51 mi11, Havanna, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BL3
£130K02/240.51 mi18, Bell Grove, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XE3
£118K12/200.52 mi28, Bowman Drive, Dudley, Cramlington, Tyne And Wear NE23 7AS3
£175K05/230.52 mi60, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£190K11/230.52 mi86, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£177.5K08/230.52 mi68, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£161K05/230.53 mi86, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XN3
£200K03/240.55 miPrestwick Cottage, Burradon Road, Annitsford, Cramlington, Tyne And Wear NE23 7BB3
£178K08/210.56 mi2, Netherton, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BQ3
£162K05/210.57 mi69, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BA3
£215K03/210.59 mi6, Seaton Croft, Annitsford, Cramlington, Tyne And Wear NE23 7LA3
£190K02/210.59 mi20, Seaton Croft, Annitsford, Cramlington, Northumberland NE23 7LA3
£150K06/240.59 mi15, Burt Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AR3
£130K07/240.59 mi13, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£112.3K04/210.59 mi3, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£155K08/240.59 mi1, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£164.9K09/230.64 mi61, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LL3
£120K03/210.65 mi11, Willow Gardens, Newcastle Upon Tyne, Tyne And Wear NE12 6SD3
£150K12/220.65 mi14, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LJ3
£127.5K05/230.66 mi13, Craig Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AN3
£155K05/230.67 mi9, Culloden Walk, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QD3
£115K11/230.68 mi40, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£105K05/230.68 mi16, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£210K06/210.68 mi5, Sedgemoor, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PZ3
£93K07/240.69 mi32, Burnside Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7AU3
£92.5K07/230.69 mi9, Maple Court, Newcastle Upon Tyne, Tyne And Wear NE12 6GR3
£166K12/200.7 mi10, Glencoe, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QB3
£220K11/230.71 mi37, Ashkirk, Dudley, Cramlington, Tyne And Wear NE23 7DF3
£93K03/210.71 mi2, Sycamore Place, Newcastle Upon Tyne, Tyne And Wear NE12 6SJ3
£73.3K04/230.71 mi10, Sycamore Place, Newcastle Upon Tyne, Tyne And Wear NE12 6SJ3
£162K11/210.71 mi9, Stamford, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PY3
£102K08/230.71 mi35, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£124K07/230.71 mi37, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£168K01/210.71 mi10, Agincourt, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QH3
£240K04/230.71 mi4, Agincourt, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QH3

Local Rents

24 rents from £600/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89501/240.44 mi-3
£92507/240.52 miCamperdown, NEWCASTLE UPON TYNE, NE12 5XL3
£1,02503/250.65 mi-3
£1,03005/240.68 miCygnet Park, Killingworth, NE12 5AS3
£1,20005/240.68 miAdmiral Way, Killingworth, NE123
£1,18505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£1,27505/240.68 miAdmiral Way, Killingworth, NE123
£92505/240.68 miSedgemoor, Highfields, Killingworth3
£1,27505/240.71 miHazel Court, Camperdown, Newcastle Upon Tyne, NE123
£79505/240.78 miMallard Court, Killingworth3
£78003/240.82 mi-3
£90004/250.82 mi-3
£1,35002/240.98 mi-3
£60001/251.07 mi-3
£1,20002/251.08 mi-3
£95007/241.09 miWhite Swan Close, Newcastle Upon Tyne3
£85005/241.15 miHadrian Court, Killingworth3
£1,60007/241.21 miRyder Court, Killingworth, NE123
£89501/251.24 mi-3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

2.72 miles away

Nearest school

0.20 miles away

Nearest train station

2.20 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £185,000

September 27, 2024

Floor Plans

Description

  • Popular Location +
  • Detached Family Home +
  • Three Bedrooms +
  • Conservatory +
  • No Upper Chain +
  • Gas Central Heating +
  • Double Glazing +
  • Council Tax Band C +
  • Viewing Recommended +
  • Call for More Information +

Video Tour on our YouTube Channel |

This three-bedroom, detached family home is positioned on Cheviot Grange in Burradon. The property will appeal to a variety of buyers and is offered for sale with the benefit of no upper chain.

The property is positioned close to a range of local amenities, schools and is within easy reach of Cramlington Hospital and transport links across the region.

Briefly comprising to the ground floor: - entrance porch, open plan lounge, dining kitchen with fitted units and double doors lead to a sunny conservatory, which has access to the rear garden. To the first floor there are three good sized bedrooms, two with fitted wardrobes and there is a modern, tiled family shower room/w.c.

Externally there is a garden to the front and a driveway leading to the attached garage. There is also a garden to the rear with well stocked borders.

For more information and to book your viewing, please contact our sales team on .

Tenure
The agent understands the property to be currently leasehold, and the vendor is currently purchasing the freehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *C*.

Lounge - 4.35 x 4.32 (14'3" x 14'2") -

Kitchen Diner - 4.35 x 4.32 (14'3" x 14'2") -

Bedroom One - 2.47 x 4.03 (8'1" x 13'2") -

Bedroom Two - 2.47 x 3.56 (8'1" x 11'8") -

Bedroom Three - 2.36 x 1.78 (7'8" x 5'10") -

Agent Details

Jan Forster Estates, High Heaton

0191 625 0119

Next Steps?

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