4 Bed Terraced House, Cash/Bridging Only, Gateshead, NE8 4PT, £150,000

Whitehall Road, Gateshead, NE8 4PT - 4 views - 5 months ago

Sold STC
Cash
ROI: 8%
~129 m²
+11 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£49,479

Bridging Loan Interest

£3,938

Total Cash In

£98,517

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,084

Mortgage (After Refinance)

£105,063

Mortgage LTV

75%

Cash Left In

£98,517

Equity

£35,021

Rent Range

£650 - £8,333

Rent Estimate

£1,445

Running Costs/mo

£747

Cashflow/mo

£698

Cashflow/yr

£8,379

ROI

9%

Gross Yield

12%













Local Rents

50 rents from £650/mo to £8.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£85008/240.06 mi-3
£85006/240.06 miBrighton Road, Gateshead, NE83
£95006/240.06 miLiddell Terrace, Gateshead, NE83
£67507/240.07 mi-3
£3,50002/240.07 mi-3
£3,50003/250.07 mi-3
£95006/240.09 miWhitehall Road, Gateshead3
£3,00003/250.09 mi-4
£3,50003/250.1 mi-3
£2,45001/240.1 mi-4
£2,95007/240.1 mi-4
£2,75001/250.1 mi-4
£3,00003/250.1 mi-4
£84502/250.1 mi-4
£1,20006/240.13 mi189 Rectory Road, Gateshead, Tyne And Wear, NE84
£1,10007/240.13 mi181 Rectory Road, Gateshead, Tyne And Wear, NE85
£8,33303/250.13 mi-3
£65003/250.13 mi-3
£1,40002/240.14 mi-3
£1,65001/250.14 mi-3
£1,85003/250.14 mi-3
£3,50003/250.14 mi-4
£3,50003/250.15 mi-3
£3,50003/250.16 mi-3
£69507/240.16 miBrighton Road, Gateshead3
£3,50003/250.16 mi-4
£3,50003/250.17 mi-3
£70006/240.17 miFern Dene Road, Gateshead3
£72503/240.18 mi-3
£95006/240.19 miGateshead3
£3,50003/250.19 mi-5
£70006/240.19 mi-3
£75007/240.19 mi-3
£1,00006/240.19 miArmstrong Street, Gateshead, Tyne and Wear, NE83
£92503/250.19 mi-3
£3,50003/250.21 mi-4
£65003/250.21 mi-3
£3,30002/250.21 mi-3
£3,50003/250.21 mi-3
£69506/240.22 miWestbourne Avenue, Gateshead3
£79510/230.22 mi-3
£99512/230.26 mi-3
£67506/240.26 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£89506/240.26 miFerndene Road,Gateshead, Tyne And Wear3
£3,47006/240.26 mi-5
£4,50009/240.26 mi-5
£4,50003/250.26 mi-5
£3,50003/250.27 mi-3
£1,00006/240.28 miHuxley Crescent, Gateshead3
£87505/240.28 mi-4

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.24 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £150,000

January 31, 2025

Listed for £155,000

October 14, 2024

Floor Plans

Description

  • Four Storey Terraced House +

  • Two Reception Rooms +

  • Superb Views From Bedroom 1 +

  • Approx. Floor Area: 120 SqM or 1,296sqFT +

  • Council Tax Band B +

  • EPC RATING TBC +

Situated in the popular Bensham location, this three storey, four bedroomed home is sure to have wide ranging appeal.

On the ground floor is a entrance lobby leading into hallway, lounge with bay window and feature fireplace with archway to separate dining room and a kitchen with built-in gas hob, electric oven, washing machine included and space for fridge/freezer.

To the first floor there are two double bedrooms and family bathroom/WC with white suited, shower over bath and cupboard housing combi boiler and with two further bedrooms to second floor.

Town garden to front with a pleasant enclosed patio garden to rear with decking.

Gas central heating system via combi boiler which we are advised was fitted in 2021 and double glazing.

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.

QLF240423/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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