4 Bed Detached House, Refurb/BRRR, Newcastle upon Tyne, NE20 9LF, £525,000

Pinegarth, Darras Hall Estate, Ponteland, Newcastle-Upon-Tyne, NE20 9LF - 9 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£377.5K - £995K
Sold Prices/m²£2.5K/m² - £6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.1K/m²

Value Estimate

£387,836

 

 

End Value (After Refurb)

£493,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£30,700

Refurb Costs

£49,675

Bridging Loan Interest

£13,781

Total Cash In

£227,157

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£493,500

Mortgage (After Refinance)

£370,125

Mortgage LTV

75%

Cash Left In

£227,157

Equity

£123,375

Rent Range

£1,650 - £6,000

Rent Estimate

£3,561

Running Costs/mo

£2,274

Cashflow/mo

£1,287

Cashflow/yr

£15,439

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £377.5K to £995K, average is £573.1K. £2.5K/m² to £6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£625K07/230.07 mi1, Larchlea, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LG4
£593K06/220.09 mi37, Errington Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LD4
£525K06/210.15 mi34, The Rise, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LH4
£565K06/210.17 mi82, Errington Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LA4
£590K12/200.17 mi96, Errington Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LA4
£581.3K06/210.17 mi98, Errington Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LA4
£725K03/230.19 mi107, Edge Hill, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9JQ4
£480K01/210.21 mi82, The Rise, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LQ4
£491.5K12/200.23 mi39, Woodside, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9JA4
£377.5K01/210.24 mi52, Parklands, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LL4
£625K11/220.25 mi94, Errington Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LA4
£493K12/220.28 mi17, Stonehaugh Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LX4
£850K06/210.28 mi9, Stonehaugh Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LX4
£585K02/240.28 mi23, Stonehaugh Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LX4
£490K12/200.29 mi64, Edge Hill, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9RR4
£875K07/230.29 mi60, Edge Hill, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9RR4
£490K07/230.3 mi4, Birney Edge, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9JJ4
£525K01/210.31 mi38, Linden Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DP4
£500K04/240.32 mi34, Longmeadows, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DY4
£445K12/200.34 mi9, Longmeadows, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DX4
£730K11/230.36 mi5, Middlebrook, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9XH4
£595K11/230.38 mi22, Hadrian Court, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9JU4
£535K12/200.4 mi2, Fellside, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9JW4
£625K11/220.41 mi100, Western Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LY4
£590K09/210.42 mi108, Western Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9LY4
£622K04/210.45 mi176, Western Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9NB4
£430K01/210.46 mi10, Deyncourt, Darras Hall, Newcastle Upon Tyne, Northumberland NE20 9RP4
£517.5K11/200.46 mi7, Westsyde, Newcastle Upon Tyne, Northumberland NE20 9LS4
£665K12/230.46 mi8, Westsyde, Newcastle Upon Tyne, Northumberland NE20 9LS4
£545K06/210.46 mi19, Meadowvale, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9NF4
£517.5K10/230.47 mi27, Woodlands, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9EU4
£680K05/230.49 mi15, Queensway, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9RZ4
£695K03/210.49 mi103, Middle Drive, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DW4
£530K08/230.49 mi186, Darras Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AF4
£995K11/220.5 mi10, Whinfell Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9EP4
£450K10/200.58 mi38, Beech Court, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9NE4
£490K01/240.58 mi63, Beech Court, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9NE4
£550K01/240.6 mi17, Cross Fell, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9EA4
£561K11/230.6 mi5, Cross Fell, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9EA4
£860K04/230.61 mi18, The Crescent, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AL4
£495K06/210.62 mi7, Langton Court, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AT4
£730K12/220.62 mi2, Moor Lane, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AD4
£475K05/230.63 mi16, Sandringham Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AE4
£809K09/210.65 mi93, Eastern Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9RQ4
£565K01/230.66 mi29, Willow Way, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9RF4
£535K02/230.67 mi31, Langton Court, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9AT4
£875K11/210.7 mi51, Middle Drive, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DN4
£625K07/230.71 mi71, Middle Drive, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DN4
£720K05/220.78 mi52, Middle Drive, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9DN4
£710K03/210.79 mi90, Darras Road, Ponteland, Newcastle Upon Tyne, Northumberland NE20 9PG4

Local Rents

14 rents from £1.6K/mo to £6K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£3,00007/230.24 mi-4
£3,75005/240.24 mi-4
£3,25007/240.24 mi-4
£4,75007/230.34 mi-4
£2,75007/240.54 miEdge Hill, Darras Hall, Ponteland, Newcastle Upon Tyne, NE204
£2,99505/240.57 miHill Park, Ponteland, Newcastle Upon Tyne5
£3,00007/240.58 miBeech Court, Ponteland5
£4,00006/240.69 miThe Dairy, High Callerton, Newcastle Upon Tyne4
£2,00011/240.72 mi-3
£1,65005/240.9 miWestern Way, Ponteland, Newcastle Upon Tyne3
£2,65005/240.9 miMedburn Close, Medburn, NE204
£6,00005/241.06 miProspect Farm, Medburn, Newcastle Upon Tyne, Northumberland5
£6,00007/241.06 miProspect Farm, Medburn, Newcastle Upon Tyne, Northumberland5
£2,50005/241.19 miBrown Rigg, Darass Hall Fringe, Dissington Lane, Northumberland, NE154

Local Area Statistics

Population in NE20

11,796

Population in Newcastle upon Tyne

381,037

Town centre distance

4.50 miles away

Nearest school

0.40 miles away

Nearest train station

2.31 miles away

 

 

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £525,000

September 30, 2024

Floor Plans

Description

  • Detached Family Home +
  • Four Bedrooms +
  • Two Bathrooms +
  • Dining Kitchen +
  • Separate Dining Room +
  • South-Facing Garden +
  • Double Garage +
  • Chain-Free +
  • EPC: E +
  • Council Tax: F +

A charming four-bedroom family home with south-facing garden & endless potential.

Nestled in a peaceful cul-de-sac, this delightful four-bedroom family home offers a fantastic opportunity for those looking to settle in a quiet, family-friendly location with the chance to put their own stamp on a property. With generous living spaces, a large south-facing garden, and the potential to modernise or extend, this home is perfect for growing families.

Upon entering the home, through a partially glazed porch, you are greeted by a spacious hallway leading to a large dual aspect living room. The natural light streams through the large picture window overlooking the front gardens.

On the ground floor, you will also find two bedrooms. Bedroom one, currently being used as a dining room, showcases the versatility of this home. The second downstairs bedroom is flooded with natural light and overlooks the rear gardens. One of the family bathrooms is conveniently located on the ground floor.

At the heart of the home is a generously proportioned dining kitchen offering scope for updating to create the kitchen of your dreams. The layout also lends itself to potential modernization, with the possibility to extend or open up the space to create a more contemporary, open-plan design.

To the first floor there are two additional bedrooms offering ample storage solutions, along with the second family bathroom.

One of the key highlights of this property is the tremendous potential for modernisation and extension (subject to planning consents). Whether you are looking to create more open-plan living spaces, extend into the garden, or refurbish the existing rooms to your tastes, this home provides the perfect canvas to create something truly special.

The jewel of this property is the expansive, south-facing garden, with mature hedging and trees to the boundaries.

Conveniently situated close to local amenities, schools, and transport links, this property offers the perfect combination of comfort and convenience.

Agent Details

Dobsons Estate Agents, Darras Hall

01661 525157

Next Steps?

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