3 Bed Terraced House, Refurb/BRRR, Gateshead, NE9 5DT, £140,000

Holyoake Gardens, Gateshead, NE9 5DT - 2 views - 5 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 4%
~98 m²
+9 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£37,518

Bridging Loan Interest

£3,675

Total Cash In

£83,343

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£143,897

Mortgage (After Refinance)

£107,923

Mortgage LTV

75%

Cash Released

£2,923

Cash Left In

£80,420

Equity

£35,974

Rent Range

£595 - £3,500

Rent Estimate

£969

Running Costs/mo

£663

Cashflow/mo

£306

Cashflow/yr

£3,666

ROI

4%

Gross Yield

8%













Local Rents

52 rents from £595/mo to £3.5K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£89506/240.08 miInskip Terrace, Gateshead3
£59506/240.11 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£60001/240.11 mi-3
£65001/250.11 mi-3
£80004/240.16 mi-3
£69504/240.18 mi-3
£75007/240.18 mi-3
£69512/240.18 mi-3
£69512/240.18 mi-3
£95009/240.22 mi-3
£72507/240.23 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£1,55007/240.27 miPark View Avenue, Gateshead3
£70012/240.31 mi-3
£94506/240.32 miRodsley Avenue, Gateshead, Tyne And Wear, NE83
£75006/240.33 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE83
£1,00006/240.37 miRodsley Avenue, Gateshead3
£79502/250.37 mi-3
£89506/240.38 miNorthway, Gateshead3
£95006/240.38 miPrince Consort Road, Gateshead3
£75004/240.4 mi-3
£95012/240.41 mi-3
£79502/240.42 mi-3
£69506/240.46 miWestbourne Avenue, Gateshead3
£79510/230.46 mi-3
£62501/240.48 mi-3
£62501/240.48 mi-3
£65011/240.48 mi-3
£65001/250.48 mi-3
£69506/240.49 miHowe Street, Gateshead, Tyne and Wear, NE83
£79507/240.5 mi-3
£79507/240.5 miSheriffs Highway, Gateshead, NE93
£82503/250.51 mi-3
£67506/240.51 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£65003/250.52 mi-3
£89506/240.52 miOld Durham Road, Gateshead, NE83
£89507/240.52 miOld Durham Road, Gateshead, NE83
£89507/240.52 mi-3
£89507/240.52 mi-3
£89506/240.52 miFerndene Road,Gateshead, Tyne And Wear3
£2,35004/240.54 mi-3
£2,45008/240.54 mi-3
£2,45011/240.54 mi-3
£2,30003/250.54 mi-3
£2,30003/250.54 mi-3
£65006/240.54 miBrighton Road, Gateshead3
£70006/240.54 miFern Dene Road, Gateshead3
£77506/240.54 mi-3
£3,50003/250.55 mi-3
£72503/240.56 mi-3
£1,40002/240.57 mi-3
£1,65001/250.57 mi-3
£1,85003/250.57 mi-3

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.66 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £140,000

October 4, 2024

Floor Plans

Description

  • No Chain Involved +

  • Updating Required +

  • Rarely Available Corner Plot +

  • Council Tax Band B +

  • Approx. Floor Area: 1085sqFT or 101sqM +

  • EPC RATING D +

Situated on a rarely available corner plot this family home has no chain involved and requires updating.

Calling all renovators, DIY enthusiasts, and dreamers – this is your chance to create a haven that reflects your unique style and personality.

Fantastic potential for refurbishment, offering a blank canvas to unleash your creativity and turn your renovation dreams into reality.

PLEASE NOTE
Please note that probate was applied for in mid September 2024. Completion of a sale cannot take place until probate has been received in full, this can take up to 16 weeks but could take longer in some cases.

Comprises: entrance hall, bay fronted lounge with feature fireplace, dining room with walk in under stairs storage cupboard and door to garden, kitchen, with door to garage, first floor landing with access to loft space, three bedrooms (two with fitted wardrobes) and a bathroom/WC.

Double glazing and gas central heating system via combi boiler.

Front, side and rear gardens.

Garage with power and lights.

We understand the property is Freehold

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.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240315/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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