2 Bed Flat, Single Let, Newcastle upon Tyne, NE4 8DU, £70,000

Clifton Road, Newcastle Upon Tyne, NE4 8DU - 8 views - 6 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+6 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£595 - £2,850

Rent Estimate

£598

Running Costs/mo

£358

Cashflow/mo

£240

Cashflow/yr

£2,876

ROI

14%

Gross Yield

10%













Local Rents

43 rents from £595/mo to £2.9K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72506/240.05 miBrancepeth Avenue, Newcastle Upon Tyne2
£72507/240.05 miBrancepeth Avenue, Newcastle Upon Tyne2
£69507/240.06 mi-2
£59512/240.06 mi-2
£59507/240.06 miAxbridge Gardens, Newcastle Upon Tyne, NE42
£60006/240.07 miAxbridge Gardens, Newcastle upon Tyne, NE42
£85007/240.2 mi-2
£85003/250.2 mi-2
£80007/240.28 mi191 Hampstead Road 2
£79505/240.28 miHampstead Road, Newcastle Upon Tyne, NE42
£85005/240.31 mi-2
£89505/240.33 mi-2
£99501/250.33 mi-2
£1,12501/250.33 mi-2
£85006/240.35 mi-2
£67505/240.37 miMarie Curie Drive, Elswick2
£65006/240.37 miMarie Curie Drive, Newcastle Upon Tyne2
£65006/240.37 miMarie Curie Drive, Newcastle Upon Tyne2
£80012/240.37 mi-2
£80012/240.37 mi-2
£65006/240.38 mi-2
£80012/240.41 mi-2
£75005/240.42 miFenham, Newcastle upon Tyne2
£87511/240.43 mi-2
£95007/240.47 miWingrove Avenue, Newcastle upon Tyne2
£80005/240.49 mi-2
£82506/240.49 miHartington Street, Elswick, Newcastle-upon-Tyne2
£90003/250.52 mi-2
£71206/240.53 miWingrove Avenue, Fenham, Newcastle upon Tyne2
£85007/240.53 mi-2
£85006/240.53 miSovereign Place, Newcastle upon Tyne, Tyne and Wear, NE42
£90006/240.54 miFenham, Newcastle Upon Tyne2
£89507/240.56 miWingrove Gardens, Newcastle upon Tyne2
£89507/240.56 miWingrove Gardens, Newcastle upon Tyne2
£92005/240.58 mi-2
£90006/240.59 mi-2
£90006/240.59 miBrighton Grove, Newcastle Upon Tyne, NE42
£85005/240.59 mi**Available Now** Croydon Road, Arthurs Hill, NE42
£85006/240.59 miCroydon Road, Arthurs Hill, NE42
£85012/240.59 miCroydon Road, Arthurs Hill, NE42
£75005/240.6 mi-2
£2,85006/240.6 mi-2
£85011/240.6 mi-2

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £70,000

October 1, 2024

Sold for £53,500

2005

Sold for £81,000

2005

Floor Plans

Description

  • First Floor Tyneside Flat +
  • Transport Links to City Centre +
  • Two Double Bedrooms +
  • Bay Windows +
  • Separate Kitchen +
  • No Onward Chain +
  • Rear Garden +
  • Transport Links to City Centre +

TWO BEDROOM FIRST FLOOR TYNESEIDE FLAT OFFERED WITH NO ONWARD CHAIN Situated on Clifton Road this home is ideal for young families looking for good transport links into the City Centre, and with the amenities of Westgate Road in close proximity also. The property benefits from rear garden, bay windows and is offered with no onward chain. The accommodation provides; living room, two double bedrooms, kitchen and bathroom. Council Tax Band A. Energy Efficiency Rating C.

First Floor Landing

Living Room
(3.62m x 3.02m)
Bay window to front elevation and radiator.

Bedroom One
(3.66m x 3.62m)
Bay window to front elevation, radiator and storage cupboard.

Bedroom Two
(4.35m x 3.85m)
Window to rear elevation, radiator and built in wardrobe.

Kitchen
(2.26m x 2.13m)
Range of wall and base units with worktop surfaces incorporating stainless steel sink unit with mixer tap, plumbing for washing machine, space for oven.

Bathroom
(2.39m x 1.85m)
Panelled bath with electric shower above, pedestal wash basin, WC, frosted window to rear elevation.

Leasehold Information
We have been advised this property has a Tyneside lease with a peppercorn ground rent.

Material Information
Tenure: Leasehold.
Council Tax: Band A. Authority; Newcastle City Council. For current rates please visit; new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands
Utilities: Mains sewerage, water, gas and electricity are connected.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk
Parking: There is street parking available with this property.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.

Agent Details

Living Spaces, Newcastle Upon Tyne

0191 625 0268

Next Steps?

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