3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE12 7NT, £190,000

Cotswold Avenue, West Moor, NE12 7NT - 23 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£70K - £307.5K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£193,498

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£35,902

Bridging Loan Interest

£4,988

Total Cash In

£97,040

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,498

Mortgage (After Refinance)

£145,123

Mortgage LTV

75%

Cash Released

£2,623

Cash Left In

£94,417

Equity

£48,374

Rent Range

£825 - £1,600

Rent Estimate

£1,117

Running Costs/mo

£848

Cashflow/mo

£269

Cashflow/yr

£3,227

ROI

3%

Gross Yield

7%

Local Sold Prices

49 sold prices from £70K to £307.5K, average is £181.3K. £1.1K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£70K03/210.02 mi6, Cotswold Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7NT3
£195K01/210.03 mi18, Westmoor Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NR3
£192.5K06/210.03 mi12, West Moor Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NR3
£204K03/230.06 mi11, Grampian Place, Newcastle Upon Tyne, Tyne And Wear NE12 7NX3
£181.3K12/220.06 mi16, Grampian Place, Newcastle Upon Tyne, Tyne And Wear NE12 7NX3
£172K04/210.09 mi35, Chiltern Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NU3
£165K11/200.09 mi37, Chiltern Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NU3
£188K07/240.09 mi35, Chiltern Drive, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7NU3
£246K11/200.1 mi36, Greenhaugh, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7WA3
£190K08/210.14 mi32, Westmoor Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NS3
£220K12/230.14 mi32, Westmoor Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7NS3
£145K12/200.18 mi8, Northfield Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7ED3
£235K11/200.21 mi67, Northfield Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7EE3
£260K05/230.21 mi48, Northfield Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7EE3
£217.5K04/210.23 mi13, Killingworth Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7ER3
£233K11/200.23 mi11, Killingworth Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7ER3
£161K11/230.27 mi16, Albert Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7PA3
£203K01/240.28 mi27, Reynolds Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7ET3
£180K06/240.28 mi4, Cowper Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7NN3
£253.5K09/210.31 mi19, Parkside, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7EQ3
£307.5K06/230.31 mi2, Parkside, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7EQ3
£247.5K10/200.31 mi23, Parkside, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7EQ3
£143.5K03/210.32 mi20, The Limes, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PB3
£170K10/200.32 mi41, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE3
£163K05/210.32 mi36, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE3
£200K04/230.32 mi34, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE3
£258K12/230.35 mi4, Dene Avenue, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7EX3
£200K08/230.35 mi3, Dene Avenue, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7EX3
£232K09/230.36 mi19, Whitecroft Road, Newcastle Upon Tyne, Tyne And Wear NE12 7EY3
£165K11/230.42 mi138, Balliol Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7PN3
£140K11/200.42 mi18, Balliol Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7PN3
£190K10/230.42 mi12, Glebe Villas, Newcastle Upon Tyne, Tyne And Wear NE12 7PS3
£220K10/200.48 mi63, Firtree Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7JU3
£132K05/230.49 mi40, Glebe Road, Newcastle Upon Tyne, Tyne And Wear NE12 7NA3
£105K07/210.49 mi42, Glebe Road, Newcastle Upon Tyne, Tyne And Wear NE12 7NA3
£117K09/210.54 mi3, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£117K09/210.54 mi3, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£117K09/210.54 mi3, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£120K10/200.54 mi5, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£106.2K03/210.54 mi25, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£158K04/230.54 mi16, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND3
£235K12/220.56 mi61, Weardale Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7HY3
£90K02/210.57 mi15, Glebe Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7JS3
£194K03/230.57 mi75, Great Lime Road, Newcastle Upon Tyne, Tyne And Wear NE12 7AE3
£254K10/230.58 mi106, Weardale Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7JA3
£167K02/210.58 mi110, Weardale Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7JA3
£135K06/230.6 mi9, Coniston Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TN3
£117.5K11/200.6 mi11, Coniston Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TN3
£142K10/200.6 mi47, Hallington Mews, Newcastle Upon Tyne, Tyne And Wear NE12 6UF3

Local Rents

12 rents from £825/mo to £1.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£85005/240.13 miGeorgian Court, West Moor, NE123
£97505/240.19 miHawks Edge, West Moor, NE123
£1,05005/240.27 miThe Limes, West Moor, Newcastle upon Tyne, Tyne and Wear, NE12 7PB3
£89503/250.28 mi-3
£82507/230.28 mi-3
£1,05006/240.38 miGeorge Court, Forest Hall, Newcastle Upon Tyne3
£1,15007/240.42 miNorthumbrian Way, Newcastle Upon Tyne3
£1,60007/240.45 miRyder Court, Killingworth, NE123
£89502/250.46 mi-3
£99503/250.55 mi-3
£1,35002/240.58 mi-3
£1,20002/250.61 mi-3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

3.29 miles away

Nearest school

0.40 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £190,000

October 15, 2024

Floor Plans

Description

  • Extended three bedroom semi-detached home. +
  • Generously sized reception spaces overlooking the mature rear garden. +
  • Private driveway with garage. +
  • Within walking distance to local schools, amenities and transport links. +

Alexander Hudson Estates introduces to market this three-bedroom, well-loved semi-detached family home located within the increasingly popular residential area of West Moor, close-by to local shops, restaurants, and transport links. With excellent schooling also nearby, this property represents a fantastic opportunity to acquire a family home to make your own in a popular area.

This property requires a degree of updating and modernisation. It briefly comprises of entrance hallway, living room, kitchen diner and additional sunroom with lovely aspect into the rear garden. On the first-floor lies the family bathroom and three bedrooms. To the front of the property sits a driveway providing ample off street parking for multiple vehicles with possibility to add a side extension subject to planning and permissions. At the rear sits a mature garden with planted boarders.

The property is close to Gosforth, Balliol, and Quorum Business Parks, with the A1 and A19 easily accessible for those commuting further afield. West Moor is also adjacent to Killingworth, home to The Killingworth Centre (anchored by a large Morrison’s supermarket), and the White Swan Centre, which includes a Doctors’ surgery, activity hall, Cafe and Killingworth Library. The Lakeside Centre offers up various leisure facilities including a swimming pool and soft play for children.

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 💪

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