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

Sold Prices£35K - £140K
Sold Prices/m²£537/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£68,111

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 Sold Prices

51 sold prices from £35K to £140K, average is £67K. £537/m² to £2.2K/m², average is £993/m².

PriceDateDistanceAddressBeds 
£77.5K06/210.07 mi33, Normount Road, Newcastle Upon Tyne, Tyne And Wear NE4 8SH2
£47.5K04/210.07 mi54, Axbridge Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8EB2
£55K09/230.09 mi34, Fairholm Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AT2
£70K10/220.15 mi53, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AD2
£44K08/230.15 mi466, Elswick Road, Newcastle Upon Tyne, Tyne And Wear NE4 8DN2
£49K01/210.2 mi19, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TS2
£45K10/200.21 miGround Floor Flat, 126, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AB2
£80K11/220.22 mi33, Western Drive, Newcastle Upon Tyne, Tyne And Wear NE4 8SQ2
£51K08/210.24 mi174, Hugh Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8PQ2
£49K09/230.24 mi142, Hugh Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8PQ2
£55.5K09/220.27 mi239, Clara Street, Newcastle Upon Tyne, Tyne And Wear NE4 8PY2
£46K03/210.28 mi161, Farndale Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TX2
£140K09/210.3 mi105, Bentinck Road, Newcastle Upon Tyne, Tyne And Wear NE4 6UX2
£64K06/210.32 mi247, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TQ2
£77K06/230.32 mi235, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TQ2
£54K03/210.34 mi68, Durham Street, Newcastle Upon Tyne, Tyne And Wear NE4 6XQ2
£56.3K03/210.35 mi124, Colston Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UN2
£75K05/210.36 mi6, Bentinck Villas, Newcastle Upon Tyne, Tyne And Wear NE4 6UR2
£55K01/230.37 mi167, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XS2
£60.5K09/200.37 mi37, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£65K07/230.37 mi41, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£67K07/220.37 mi33, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£62K10/220.37 mi148, Canning Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UJ2
£40K04/210.49 mi12, Oakfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 6QU2
£36K12/200.51 mi111, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XX2
£89.5K09/230.53 mi7, Romulus Court, Newcastle Upon Tyne, Tyne And Wear NE4 9AW2
£122K05/230.55 mi24, Dilston Road, Newcastle Upon Tyne, Tyne And Wear NE4 5AA2
£110K01/240.57 mi116, Wingrove Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9AH2
£110K02/230.58 mi68, Severus Road, Newcastle Upon Tyne, Tyne And Wear NE4 9HU2
£115K05/240.63 mi9, Wingrove Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9HS2
£73K10/200.65 mi6, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£110K10/220.65 mi20, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£73.2K01/230.75 mi14, Acanthus Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9YD2
£95K12/210.86 miFlat 73, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£87K06/210.86 miFlat 44, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£90K06/210.86 miFlat 59, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£95K12/220.86 miFlat 50, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£93K09/220.86 miFlat 72, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£75K09/230.86 miFlat 1, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£77.5K11/220.87 miFlat 9, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£105K09/220.87 miFlat 79, The Cedars, Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 7DX2
£64.7K10/230.87 mi57, Hamilton Place, Newcastle Upon Tyne, Tyne And Wear NE4 5ET2
£65K09/210.89 mi12, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£70K03/230.89 mi5, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£47.8K07/230.89 mi26, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/230.89 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/230.89 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£65K08/230.89 mi6, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£43.5K06/240.89 mi7, Hawthorn Close, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£117K08/230.9 mi12, Houston Street, Newcastle Upon Tyne, Tyne And Wear NE4 6HZ2
£124K03/230.94 mi133, Bittern Close, Dunston, Gateshead, Tyne And Wear NE11 9FF2

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?

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