3 Bed Terraced House, Cash/Bridging Only, Gateshead, NE10 0UZ, £160,000

9 Cartmel Park, Gateshead, Tyne And Wear, NE10 0UZ - 4 views - 6 months ago

Sold STC
Cash
ROI: 4%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£85K - £230K
Sold Prices/m²£981/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£148,753

 

 

End Value (After Refurb)

£129,995

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£35,687

Bridging Loan Interest

£4,200

Total Cash In

£87,637

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£129,995

Mortgage (After Refinance)

£97,497

Mortgage LTV

75%

Cash Left In

£87,637

Equity

£32,499

Rent Range

£725 - £975

Rent Estimate

£930

Running Costs/mo

£612

Cashflow/mo

£318

Cashflow/yr

£3,813

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £230K, average is £145.5K. £981/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£105K12/200.08 mi13, King Street, Pelaw, Gateshead, Tyne And Wear NE10 0RD3
£163K02/230.12 mi9, Galloway Road, Gateshead, Tyne And Wear NE10 0BF3
£128K11/210.12 mi6, Woodbine Terrace, Pelaw, Gateshead, Tyne And Wear NE10 0QJ3
£130K03/210.15 mi4, Frazer Terrace, Gateshead, Tyne And Wear NE10 0YA3
£85K02/230.17 mi48, Duke Street, Pelaw, Gateshead, Tyne And Wear NE10 0QQ3
£130K06/210.17 mi64, King Street, Pelaw, Gateshead, Tyne And Wear NE10 0RE3
£143K04/210.17 mi40, King Street, Pelaw, Gateshead, Tyne And Wear NE10 0RE3
£115K06/210.17 mi65, Rothbury Avenue, Gateshead, Tyne And Wear NE10 0QY3
£116.6K03/210.18 mi28, Bondfield Gardens, Gateshead, Tyne And Wear NE10 8TY3
£165K05/230.19 mi14, Thirlmere, Gateshead, Tyne And Wear NE10 0XJ3
£125K02/210.19 mi19, Eastburn Gardens, Gateshead, Tyne And Wear NE10 0RN3
£123K08/230.22 mi5, Jonadab Street, Gateshead, Tyne And Wear NE10 0QP3
£175K01/210.22 mi40, Broadside, Gateshead, Tyne And Wear NE10 8XR3
£110K02/230.23 mi11, Croxdale Gardens, Gateshead, Tyne And Wear NE10 0RP3
£123.5K11/210.24 mi55, Coniston, Gateshead, Tyne And Wear NE10 0XB3
£187.5K10/220.25 mi42, Broadside, Gateshead, Tyne And Wear NE10 8XR3
£192K07/230.26 mi21, Lansbury Gardens, Gateshead, Tyne And Wear NE10 8UB3
£165K12/200.27 mi4, Dene Gardens, Gateshead, Tyne And Wear NE10 0RT3
£195K08/210.29 mi2, Fellmere Avenue, Gateshead, Tyne And Wear NE10 0XL3
£205.4K08/230.29 mi17, Fellmere Avenue, Gateshead, Tyne And Wear NE10 0XL3
£125K08/230.29 mi77, Coniston, Gateshead, Tyne And Wear NE10 0XD3
£135K09/210.29 mi88, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL3
£132K01/210.29 mi48, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL3
£122.5K03/210.3 mi1, Webb Gardens, Gateshead, Tyne And Wear NE10 8EH3
£134K02/230.3 mi17, Lansbury Gardens, Gateshead, Tyne And Wear NE10 8UB3
£93K10/220.31 mi62, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0RS3
£219K11/200.31 mi16, Netherfarm Road, Gateshead, Tyne And Wear NE10 0YR3
£219K11/200.31 mi16, Netherfarm Road, Gateshead, Tyne And Wear NE10 0YR3
£219K11/200.31 mi16, Netherfarm Road, Gateshead, Tyne And Wear NE10 0YR3
£145K05/230.32 mi70, Keir Hardie Avenue, Gateshead, Tyne And Wear NE10 8EJ3
£146K11/200.32 mi66, Keir Hardie Avenue, Gateshead, Tyne And Wear NE10 8EJ3
£100K12/220.33 mi1, South Parade, Gateshead, Tyne And Wear NE10 0RX3
£130K04/210.34 mi10, Broadacre, Gateshead, Tyne And Wear NE10 8UW3
£123.5K11/200.34 mi1, Broadacre, Gateshead, Tyne And Wear NE10 8UW3
£125K10/200.35 mi21, Bevan Gardens, Gateshead, Tyne And Wear NE10 8EE3
£152K03/230.35 mi9, Bevan Gardens, Gateshead, Tyne And Wear NE10 8EE3
£170K06/210.35 mi52, Kirkwood Gardens, Gateshead, Tyne And Wear NE10 8TP3
£170K09/220.36 mi54, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ3
£148.8K01/210.36 mi30, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ3
£156K12/200.36 mi21, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ3
£205K11/200.36 mi1, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ3
£220.5K02/230.37 mi12, Braemar Court, Gateshead, Tyne And Wear NE10 0SW3
£175K05/230.38 mi6, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH3
£177.5K06/230.38 mi15, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH3
£210K04/230.41 mi47, Sunderland Road Villas, Gateshead, Tyne And Wear NE10 8HD3
£120K02/210.41 mi1, Henderson Gardens, Gateshead, Tyne And Wear NE10 8EQ3
£142.3K12/200.41 mi57, Manor Gardens, Gateshead, Tyne And Wear NE10 8TD3
£150K02/210.42 mi3, Grange Court, Gateshead, Tyne And Wear NE10 8EY3
£205K10/200.42 mi7, Morven Drive, Gateshead, Tyne And Wear NE10 0TF3
£230K07/230.42 mi7, Morven Drive, Gateshead, Tyne And Wear NE10 0TF3

Local Rents

11 rents from £725/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75002/250.16 mi-3
£72507/240.19 miYork Street, Pelaw, Gateshead3
£95009/230.2 mi-3
£79512/240.2 mi-3
£72509/240.21 mi-3
£75007/240.28 miChesterwood Terrace, Bill Quay, NE103
£88006/240.41 mi-3
£75006/240.44 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£75007/240.44 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£85006/240.55 miWreken Gardens, Gateshead, NE103
£97512/230.61 mi-3

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £160,000

October 4, 2024

Sold for £119,950

2013

Sold for £110,000

2010

Sold for £64,950

2002

Sold for £50,000

1999

Floor Plans

Description

  • Refitted Bathroom +

  • Superbly Convenient Location +

  • Dining Kitchen +

  • Approx. Floor Area: +

  • Council Tax Band B +

  • EPC RATING +

Located in the heart of Pelaw, this lovely home is on the door step for bus and Metro links offering swift city access and there is also a local shopping parade which includes a larger Aldi and Lidl store.

Ideal for young families with a choice of local Primary Schools close by. There is also plenty within walking distance to keep the family entertained with play parks and River walks, or feeding the animals at Bill Quay Farm, which has a lovely café.

Residents parking is located to the front of the property.

Sure to impress buyers this STUNNING HOME which offers BEAUTIFULLY PRESENTED LIVING SPACE and includes a spacious lounge, a FABULOUS DINING KITCHEN, guest cloaks/wc, three bedrooms and a MODERN REFITTED BATHROOM.

Externally, there is an open aspect lawned garden to the front and an enclosed garden with patio and artificial lawn to the rear.

Double glazing and a gas central heating system via a combi boiler fitted 2021.

New composite doors added to back and front.

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 every case.

QWS240300/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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