3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE12 9EP, £130,000

Crossley Terrace, Palmersville, NE12 9EP - 3 views - 5 months ago

Sold STC
BTL
ROI: 8%
~93 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£675 - £1,500

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%













Local Rents

10 rents from £675/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£97506/240.18 miGreat Lime Road, Newcastle Upon Tyne3
£1,15006/240.25 miWoodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE123
£67503/250.29 mi-3
£1,30006/240.42 miReme Court, Killingworth, Newcastle, NE123
£1,50012/240.51 miMiller Close, Palmersville, Newcastle Upon Tyne3
£1,30007/240.56 mi-3
£1,30010/240.56 mi-3
£1,30007/240.56 miCoppice Place, Newcastle Upon Tyne, NE123
£1,35007/240.58 miWhitfield Road, Newcastle Upon Tyne3
£1,37508/240.61 mi-3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £130,000

October 14, 2024

Floor Plans

Description

  • Well-maintained three bedroom family home. +
  • Open plan kitchen dining room perfect for entertaining. +
  • Driveway to the front of the property providing ample parking. +
  • Close-by to a range of amenities, schooling and excellent transport links. +

Alexander Hudson Estates introduces to market this bright and spacious three bedroom family home. Located in the popular residential area of Palmersville, close-by to The Killingworth Shopping Centre, restaurants, supermarkets and both primary and secondary schools.

This property briefly comprises of an entrance hallway, living room and kitchen dining room, on the first-floor lies three bedrooms and a family bathroom. A large driveway at the front provides off-street parking.

A frequent bus service can take you through to Newcastle City Centre; with Palmersville Metro Station also just 15-minute walk away for access to the City Centre and the Coast. Rising Sun Country Park is only a 5-minute drive, offering great outdoor walks. The A19 is few minutes’ drive, offering easy access to Northumberland, and both Silverlink and Cobalt Business Parks. Great Lime Road also offers a straight 5-10 minute drive through to Quorum, Balliol and Gosforth Business Parks.

Agent Details

Alexander Hudson Estates, Newcastle

0191 268 7433

Next Steps?

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