2 Bed Flat, Single Let, Newcastle upon Tyne, NE3 3AU, £59,995

Kirkwood Drive, Newcastle Upon Tyne, NE3 3AU - 7 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 24%
~68 m²

ValuationUndervalued

Sold Prices£48K - £289.5K
Sold Prices/m²£877/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£74,994
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,999

Stamp Duty & Legal Fees

£3,000

Total Cash In

£17,999

 

 

Cash Out

 

Rent Range

£575 - £1,400

Rent Estimate

£700

Running Costs/mo

£347

Cashflow/mo

£353

Cashflow/yr

£4,230

ROI

24%

Gross Yield

14%

Local Sold Prices

51 sold prices from £48K to £289.5K, average is £91K. £877/m² to £3.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£60K11/200.01 mi114, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£49.5K12/200.01 mi174, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£54K07/210.01 mi122, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£63K12/220.01 mi148, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£50K05/230.01 mi164, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£75K06/240.01 mi176, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£75K06/240.01 mi176, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£74K01/240.01 mi168, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£59K02/210.06 mi57, Bradwell Road, Newcastle Upon Tyne, Tyne And Wear NE3 3LJ2
£60K06/240.06 mi39, Bradwell Road, Newcastle Upon Tyne, Tyne And Wear NE3 3LJ2
£53.5K02/210.4 mi15, Orchard Green, Newcastle Upon Tyne, Tyne And Wear NE5 3YQ2
£87.5K09/210.47 mi255, Kenton Lane, Newcastle Upon Tyne, Tyne And Wear NE3 3EA2
£92K08/210.49 mi62, Overfield Road, Newcastle Upon Tyne, Tyne And Wear NE3 3AJ2
£80K09/230.5 mi13, Whitgrave Road, Newcastle Upon Tyne, Tyne And Wear NE5 3XJ2
£95K07/240.52 mi21, Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear NE3 4TL2
£87.5K09/210.52 mi255, Kenton Lane, Newcastle Upon Tyne, Tyne And Wear NE3 3EA2
£109K11/220.53 mi58, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£91K01/230.53 mi33, High Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 4PW2
£95K08/210.54 mi18, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£95.5K10/220.54 mi64, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£95K04/230.54 mi24, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£105K08/230.54 mi52, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£108.8K03/230.54 mi43, Edgefield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3ND2
£87K06/210.55 mi17, Warrington Road, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2PU2
£63K10/210.55 mi3, Horsley Court, Newcastle Upon Tyne, Tyne And Wear NE3 2JX2
£95K11/210.57 mi5, Ambergate Way, Kenton Bar, Newcastle Upon Tyne, Tyne And Wear NE3 3GN2
£100K07/230.57 mi3, Ambergate Way, Newcastle Upon Tyne, Tyne And Wear NE3 3GN2
£110K03/240.57 mi78, Skendleby Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3GJ2
£55K09/230.57 mi29, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YF2
£87.5K04/210.58 mi27, Fallowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NN2
£62K07/220.61 mi16, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YH2
£60K08/210.62 mi8, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YH2
£84K10/200.62 mi27, Ebchester Court, Newcastle Upon Tyne, Tyne And Wear NE3 2QX2
£268.5K02/230.7 mi32, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£125K11/220.71 mi17, The Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 3NA2
£190K11/220.71 mi66, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£83K06/230.72 mi23, Craigmillar Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3SL2
£289.5K12/200.72 mi34, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£171K09/210.72 mi58, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£250K03/230.72 mi67, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£48K07/210.73 mi11, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£102K11/220.74 mi7, Felton Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NU2
£98.5K12/200.74 mi55, Falstone Square, Newcastle Upon Tyne, Tyne And Wear NE3 3NY2
£96K03/230.74 mi21, Falstone Square, Newcastle Upon Tyne, Tyne And Wear NE3 3NY2
£95K04/230.78 mi17, Whalton Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3PA2
£65K04/210.79 mi61, Felton Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NX2
£90K02/210.8 mi6, Lichfield Close, Newcastle Upon Tyne, Tyne And Wear NE3 2YW2
£107.8K10/200.8 mi437, Salters Road, Newcastle Upon Tyne, Tyne And Wear NE3 4XJ2
£157.8K02/210.81 mi445, Salters Road, Newcastle Upon Tyne, Tyne And Wear NE3 4XJ2
£177K12/230.81 mi423, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4XJ2
£158K04/240.81 mi377, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4XJ2

Local Rents

34 rents from £575/mo to £1.4K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£70012/240.01 mi-2
£70005/240.16 mi-2
£80001/250.16 mi-2
£90012/240.16 mi-2
£90002/250.16 mi-2
£85006/240.2 miAlverton Close, Kenton2
£80006/240.31 miRedland Avenue, Newcastle Upon Tyne, NE32
£65012/240.33 mi-2
£85012/240.34 miByrewood Walk, Kenton2
£1,20007/240.46 miElvaston Crescent, Central Grange, Newcastle upon Tyne2
£85005/240.47 mi-2
£77506/240.48 miAshover Road, Kenton2
£75002/250.5 mi-2
£88007/240.5 mi-2
£89507/240.51 miOverfield Road, Kenton, Newcastle Upon Tyne, NE32
£75006/240.52 mi-2
£75006/240.52 miHigh Meadows, Newcastle Upon Tyne, NE32
£85012/240.53 mi-2
£85005/240.54 mi-2
£1,40006/240.56 miBrandon Road, Fawdon2
£95006/240.57 mi-2
£57505/240.58 miSt Keverne Square, Kenton, Newcastle Upon Tyne, NE52
£72512/240.58 mi-2
£87512/240.58 miSt. Keverne Square, Newcastle Upon Tyne, NE52
£85006/240.58 miFallowfield Avenue, Fawdon2
£70006/240.59 mi-2
£70006/240.59 mi-2
£70006/240.59 mi-2
£75012/240.59 mi-2
£75002/250.59 mi-2
£75005/240.61 mi-2
£75005/240.61 miKenton Road, Newcastle Upon Tyne, NE32
£75012/240.62 miSt. Keverne Square, Kenton, Newcastle upon Tyne, Tyne and Wear, NE5 3YL2
£87512/240.62 miSt. Keverne Square, Kenton, Newcastle upon Tyne, Tyne and Wear, NE5 3YL2

Local Area Statistics

Population in NE3

53,771

Population in Newcastle upon Tyne

381,037

Town centre distance

0.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £59,995

October 7, 2024

Sold for £45,000

2020

Sold for £61,500

2014

Sold for £84,000

2004

Floor Plans

Description

  • Ideal First Time Buy +
  • Two Bedrooms +
  • Ground Floor +
  • Close To Amenities +
  • Gas Central Heating +
  • Double Glazing +
  • Transport Links Nearby +
  • Council Tax Band A +
  • Viewing Recommended +
  • Call For More Information +

Jan Forster Estates welcome to the market this charming, two-bedroom, ground-floor flat.

Positioned on Kirkwood Drive, convenient for access to local shops at Kingston Park and Kenton Park shopping centres and there are also bus services and good road and Metro links nearby.

Internally the property briefly comprises; bright and airy lounge with box bay window, kitchen with fitted units, two bedrooms, and a modern bathroom/w.c. with shower over the bath and a vanity unit with storage. Further benefits include gas central heating and double glazing.

This property will appeal in particular to first-time buyers and early viewing is highly recommended. Please call for more information.

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *A*.

Lounge - 4.52 x 4.24 (14'9" x 13'10") -

Kitchen - 2.99 x 1.71 (9'9" x 5'7") -

Bedroom One - 3.21 x 2.88 (10'6" x 9'5") -

Bedroom Two - 2.35 x 3.28 (7'8" x 10'9") -

Agent Details

Jan Forster Estates, Gosforth

0191 625 0923

Next Steps?

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