2 Bed Flat, Single Let, Cramlington, NE23 3AQ, £90,000

Aysgarth, Cramlington, NE23 3AQ - 1 views - 6 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£32K - £125K
Sold Prices/m²£557/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£83,591

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£520 - £1,600

Rent Estimate

£600

Running Costs/mo

£421

Cashflow/mo

£179

Cashflow/yr

£2,145

ROI

8%

Gross Yield

8%

Local Sold Prices

51 sold prices from £32K to £125K, average is £65K. £557/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£80K07/220 mi6, Aysgarth, East Hartford, Cramlington, Northumberland NE23 3AQ2
£77K04/210.7 mi1, Hastings Terrace, Shankhouse, Cramlington, Northumberland NE23 3JE2
£82.5K04/211.16 mi19, Poole Close, Cramlington, Northumberland NE23 2QB2
£79K03/211.16 mi23, Reigate Square, Cramlington, Northumberland NE23 1NW2
£60K08/231.17 mi29, Falmouth Walk, Cramlington, Northumberland NE23 1RU2
£70.5K11/201.19 mi7, Portland Gardens, Cramlington, Northumberland NE23 2QD2
£74K04/211.21 mi12, Hickstead Grove, Cramlington, Northumberland NE23 2FF2
£85K07/231.21 mi6, Hickstead Grove, Cramlington, Northumberland NE23 2FF2
£125K03/231.27 mi13, Hertford Grove, Cramlington, Northumberland NE23 2FL2
£74K05/221.29 mi10, Huntingdon Drive, Cramlington, Northumberland NE23 2FA2
£82K08/221.29 mi6, Huntingdon Drive, Cramlington, Northumberland NE23 2FA2
£78K02/211.41 mi10, Otley Close, Cramlington, Northumberland NE23 2YP2
£56K04/231.45 mi30, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL2
£112K11/221.52 mi11, East View Avenue, Cramlington, Northumberland NE23 1DY2
£90K07/211.52 mi5, East View Avenue, Cramlington, Northumberland NE23 1DY2
£95K12/201.52 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£100K10/221.52 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£67.5K03/211.57 mi37, Horton Park, Blyth, Northumberland NE24 4JD2
£56.5K03/221.63 mi19, Lily Avenue, Bedlington, Northumberland NE22 5BB2
£50K12/211.64 mi25, Lily Avenue, Bedlington, Northumberland NE22 5BB2
£65K09/231.64 mi30, Lily Avenue, Bedlington, Northumberland NE22 5BB2
£58K12/201.68 mi35, Rosalind Avenue, Bedlington, Northumberland NE22 5BA2
£59K03/211.69 mi31, Alfred Avenue, Bedlington, Northumberland NE22 5AZ2
£48K03/211.69 mi25, Alfred Avenue, Bedlington, Northumberland NE22 5AZ2
£32K02/231.69 mi34, Alfred Avenue, Bedlington, Northumberland NE22 5AZ2
£68.5K03/221.69 mi20, Alfred Avenue, Bedlington, Northumberland NE22 5AZ2
£46K07/221.69 mi3, Alfred Avenue, Bedlington, Northumberland NE22 5AZ2
£35K07/231.73 mi14, Pecket Close, Blyth, Northumberland NE24 4SE2
£56K05/211.74 mi23, Millbank Terrace, Bedlington, Northumberland NE22 5BY2
£73K04/231.75 mi3, Millbank Crescent, Bedlington, Northumberland NE22 5QJ2
£73K06/231.75 mi9, Millbank Crescent, Bedlington, Northumberland NE22 5QJ2
£60K02/231.76 mi23a, Allgood Terrace, Bedlington, Northumberland NE22 5QX2
£44K03/211.79 mi578, Plessey Road, Blyth, Northumberland NE24 4BN2
£58.5K02/231.82 mi33, Linslade Walk, Cramlington, Northumberland NE23 8EU2
£95K01/231.84 mi18, Harwood Close, Cramlington, Northumberland NE23 6AN2
£95K08/231.84 mi40, Minting Place, Cramlington, Northumberland NE23 6AX2
£95K05/221.84 mi33, Lindsey Close, Cramlington, Northumberland NE23 8EJ2
£109K07/221.87 mi64, Mirlaw Road, Cramlington, Northumberland NE23 6UA2
£62K05/211.87 mi21, Harwood Close, Cramlington, Northumberland NE23 6AW2
£113K08/231.87 mi31, Harwood Close, Cramlington, Northumberland NE23 6AW2
£55K11/211.88 mi66, Victoria Terrace, Bedlington, Northumberland NE22 5QD2
£55K11/211.88 mi66, Victoria Terrace, Bedlington, Northumberland NE22 5QD2
£45K08/221.89 mi6, Jays Court, Bedlington, Northumberland NE22 6LL2
£54.5K11/201.89 mi64, Rothesay Terrace, Bedlington, Northumberland NE22 5PU2
£75K07/231.89 mi15, Burdon Terrace, Bedlington, Northumberland NE22 6DA2
£52.5K05/231.89 mi11, Lowther Square, Cramlington, Northumberland NE23 8ES2
£50K06/211.9 mi64a, Rothesay Terrace, Bedlington, Northumberland NE22 5PU2
£50K06/211.9 mi64a, Rothesay Terrace, Bedlington, Northumberland NE22 5PU2
£36.8K04/211.95 mi19, Ridge Terrace, Bedlington, Northumberland NE22 6EB2
£40K05/211.97 mi101, Doxford Place, Cramlington, Northumberland NE23 6DX2
£60K06/211.97 mi44, Druridge Drive, Blyth, Northumberland NE24 4PZ2

Local Rents

51 rents from £520/mo to £1.6K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£62504/240.07 mi-3
£67505/240.08 mi-3
£89505/240.84 miAlderley Way, Cramlington, Northumberland, NE23 2UF4
£79506/240.85 miAlderley Way, Cramlington, Northumberland, NE23 2UF3
£70005/240.86 mi-3
£80007/240.91 mi-3
£80007/240.91 miKendal Drive, Cramlington, NE233
£95006/241.09 miFilton Close, Cramlington, Northumberland, NE23 1RZ3
£72506/241.1 miDrybeck Court, Cramlington, Northumberland, NE232
£87506/241.16 miHazelmere Crescent, Cramlington, Northumberland, NE232
£52506/241.17 miNewlyn Drive, Cramlington2
£60003/241.2 mi-2
£52012/231.24 mi-2
£58008/241.24 mi-2
£95005/241.33 miRingwood Drive, Cramlington, NE233
£82505/241.33 miOakley Drive, Cramlington, Northumberland, NE23 2YF3
£60012/241.36 miMillfield South, Bedlington2
£79505/241.4 miTangmere Close, Cramlington3
£53005/241.41 mi-2
£95006/241.41 miSpilsby Crescent, Cramlington, NE232
£95006/241.41 mi-2
£1,60005/241.46 miOld Crow Hall Lane, Cramlington, Northumberland, NE23 1BN3
£80006/241.48 miMillfield Court, Bedlington, Northumberland, NE22 5EW3
£70006/231.52 mi-3
£69507/241.52 miEast View Avenue, Newcastle2
£62012/231.52 mi-2
£84004/241.53 mi-3
£85005/241.56 miHexham Gardens, Blyth3
£75001/241.56 mi-3
£79512/231.57 mi-4
£90006/241.57 miSouth View Place, Cramlington, Northumberland, NE233
£85012/241.58 mi-3
£67502/241.61 mi-2
£67503/251.61 mi-2
£95005/241.61 miTurnberry Avenue, Blyth2
£77507/241.61 miHorton Park, Blyth3
£72505/241.62 miHaig Road, Bedlington, Northumberland, NE22 5AW3
£72506/241.62 miHaig Road, Bedlington, Northumberland, NE22 5AW3
£70001/241.62 mi-3
£90004/251.62 mi-3
£67507/241.63 miNether Riggs, Bedlington, Northumberland, NE22 5SJ2
£95006/241.63 mi-3
£92506/241.63 miTurnberry Avenue, Blyth3
£89506/241.64 miTurnberry Avenue, Blyth3
£95005/241.64 miTurnberry Avenue, Blyth, Northumberland, NE242
£64005/241.64 mi-2
£64005/241.64 mi-2
£75006/241.66 miHaggerston Road, Chase Farm, Blyth, Northumberland, NE24 4GS2
£1,05005/241.68 miColt Crag Mews, Blyth4
£57507/241.68 miRosalind Avenue, Bedlington, Northumberland, NE22 5BA2
£52512/231.69 mi-1

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.48 miles away

Nearest school

0.70 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £90,000

February 28, 2025

Listed for £95,000

October 12, 2024

Floor Plans

Description

  • Two Bedrooms +
  • First Floor Apartment +
  • *Leasehold (980 Years Remaining) +
  • Allocated Car Parking Space +
  • Beautifully Presented +
  • En-Suite Facilities +
  • Spacious Rooms +
  • Integrated Appliances +
  • Great Transport Links +
  • Must View +

* TWO BEDROOMS - FIRST FLOOR APARTMENT - *LEASEHOLD - ALLOCATED CAR PARKING SPACE - BEAUTIFULLY PRESENTED - INTEGRAL APPLICANCES - EN-SUITE FACILITIES - MUST VIEW - GREAT TRANSPORT LINKS *

Mike Rogerson Estate Agents welcome to the market this superbly and highly desirable two bedroom modern apartment which is sensitively in keeping with it's modern surroundings and well positioned within this popular area of East Hartford, Cramlington. The home is close to all local amenities, schools, shops, industrial, medical and leisure. Good access to all major road links.

The home in question offers comfortable easily maintained family accommodation benefiting from UPVC Double Glazing with modern night storage heaters.

The accommodation within briefly comprises: shared communal entrance to the first floor, spacious lounge, modern fitted kitchen offering an excellent range of wall, floor and drawer units, good size hallway, two bedrooms (principal with En-suite facilities and fitted wardrobes) and family bathroom (exhibiting white suite).The property also has a security system.

Externally the property has shared communal gardens to rear with allocated parking to front. There is a monthly service charge which covers water, building insurance, cleaning of stairwell and windows.

This is a fine example of a spacious home and we would strongly recommend an internal inspection to fully appreciate the accommodation on offer. We feel this would suite a wide range of buyers. An early viewing is highly recommended to avoid disappointment.

We have been advised that there are 980 years left on the lease.

We have been advised by the current owners the property is Leasehold with monthly service charges. Confirmation is awaited from the vendors as to how much the charges are and what they cover. However we advise confirmation is sought from your solicitor upon an offer being accepted.

To arrange a viewing please contact the Cramlington branch of Mike Rogerson Estate Agents.

Agent Details

Mike Rogerson Estate Agents, Cramlington

01670 332963

Next Steps?

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