2 Bed Terraced House, Planning Permission, Gateshead, NE9 7XE, £150,000

Cypress Road, Eighton Banks, NE9 7XE - 1 views - 5 months ago

Planning
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£65K - £211K
Sold Prices/m²£997/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£127,557

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£575 - £900

Rent Estimate

£575

Running Costs/mo

£604

Cashflow/mo

£-29

Cashflow/yr

£-345

Gross Yield

5%

Local Sold Prices

50 sold prices from £65K to £211K, average is £136.9K. £997/m² to £3.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£125K04/230.03 mi8, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£120K11/200.03 mi11, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£162.6K03/230.19 miThe Garrett, Rockcliffe Way, Eighton Banks, Gateshead, Tyne And Wear NE9 7XT2
£149.9K02/210.25 mi12, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU2
£205.8K08/240.25 mi10, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU2
£107.5K09/210.26 miAshleigh, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JE2
£190K10/230.26 mi15, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£162K08/210.27 mi55, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£180K12/220.27 mi12, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£190K08/240.27 mi18, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£154.1K12/200.27 mi10, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£160K05/230.27 mi58, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£149.9K03/240.27 mi44, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£167.8K01/230.27 mi11, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£145K10/230.27 mi34, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JD2
£147.9K03/210.3 mi11, Hawthorn Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7XY2
£120.5K06/210.32 mi12, Stainton Gardens, Gateshead, Tyne And Wear NE9 7EH2
£141.5K04/240.33 mi2, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£117.5K12/200.33 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£148K12/220.33 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£123.5K11/230.35 mi11, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£145.5K10/210.35 mi4, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£211K02/240.35 mi14, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£155K01/230.36 mi4, Brown Crescent, Gateshead, Tyne And Wear NE9 7EX2
£115K02/240.43 mi12, Easington Avenue, Gateshead, Tyne And Wear NE9 7LH2
£75K12/200.49 mi3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA2
£137K10/230.49 mi1, West View, Springwell, Gateshead, Tyne And Wear NE9 7QQ2
£132.5K04/210.51 mi4, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU2
£132K12/200.51 mi2, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU2
£116K05/230.51 mi17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD2
£100K11/220.51 mi13, Marlborough Crescent, Gateshead, Tyne And Wear NE9 7JY2
£150K01/230.51 mi7, Bowes Gardens, Springwell, Gateshead, Tyne And Wear NE9 7NZ2
£65K01/240.53 mi5, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JU2
£85K11/220.54 mi1, Victoria Terrace, Wrekenton, Gateshead, Tyne And Wear NE9 7JT2
£120K07/230.54 mi9, Shelley Avenue, Gateshead, Tyne And Wear NE9 7QY2
£167.5K11/200.54 mi5, Heather Hill, Gateshead, Tyne And Wear NE9 7QX2
£120K04/230.55 mi76, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JX2
£113.3K07/230.55 mi14, Somerford, Springwell, Gateshead, Tyne And Wear NE9 7QW2
£145K04/230.57 mi4, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH2
£108K03/210.62 mi2, Fell Place, Gateshead, Tyne And Wear NE9 7RL2
£95K05/210.64 mi56, Binsby Gardens, Gateshead, Tyne And Wear NE9 7HR2
£112K10/230.65 mi116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN2
£149.5K06/210.65 mi31, Beech Grove, Gateshead, Tyne And Wear NE9 7RD2
£120K03/230.65 mi15, Harewood Green, Gateshead, Tyne And Wear NE9 7BZ2
£123K08/230.66 mi8, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£95K06/210.66 mi16, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£88K08/210.67 mi14, Topcliffe Green, Gateshead, Tyne And Wear NE9 7HU2
£149.9K11/230.68 mi5, Lismore Terrace, Gateshead, Tyne And Wear NE9 7PS2
£136.8K07/240.68 mi12, Wingrove Terrace, Springwell, Gateshead, Tyne And Wear NE9 7RS2
£150K12/200.71 mi3, Highworth Drive, Gateshead, Tyne And Wear NE9 7NN2

Local Rents

40 rents from £575/mo to £900/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£79506/240.01 miCypress Road, Eighton Banks, NE92
£80007/240.12 miGalloping Green Road, Gateshead2
£90006/240.27 miHilldyke, Eighton Banks, Gateshead, NE92
£65006/240.33 miChopwell Gardens, Wrekenton, Gateshead, NE92
£79501/240.48 mi-2
£69502/240.52 mi-2
£62512/230.52 mi-2
£68508/230.58 mi-2
£77506/240.63 miAlbion Terrace, Gateshead2
£65012/240.7 mi-2
£67506/240.74 miKings Terrace, Springwell Village2
£57503/250.76 mi-2
£85007/240.77 miWingrove Terrace, Springwell, Gateshead2
£57503/250.78 mi-2
£77502/240.83 mi-2
£75006/240.84 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.84 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£90006/240.89 miBeechwood Avenue, Low Fell2
£60006/240.9 miGrisedale Gardens, Low Fell, Gateshead, NE92
£65007/240.94 mi-2
£77506/240.95 miPenrith Gardens, Low Fell2
£65003/240.96 miStaneway, Leam Lane2
£74503/251.03 mi-2
£65005/241.03 miStaneway, Gateshead2
£59507/241.05 miBodmin Court, Gateshead, Tyne and Wear, NE92
£69504/241.09 mi-2
£70010/231.09 mi-2
£72009/241.09 mi-2
£60005/241.1 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£75006/241.1 miHertford, Low Fell2
£75006/241.11 miDovedale Gardens, Gateshead, NE9 6NT2
£75006/241.11 miDovedale Gardens, Gateshead, NE9 6NT2
£85006/241.16 miLoweswater Road, Low Fell, Gateshead2
£65008/241.16 mi-2
£80005/241.18 miDonridge, Washington, Tyne and Wear, NE37 1EW2
£75006/241.19 miSouthend Road, Sheriff Hill, Gateshead, NE92
£85006/241.19 miLanthwaite Road, Gateshead2
£67506/241.2 miSouthend Road, Gateshead2
£79507/241.2 miPopplewell Gardens, Low Fell2
£75006/241.2 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

1.50 miles away

Nearest school

0.40 miles away

Nearest train station

2.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Price changed to £150,000

February 20, 2025

Listed for £165,000

October 18, 2024

Description

*TWO BEDROOM END TERRACED HOUSE WITH LARGE GARDEN / BUILDING PLOT WITH PLANNING *

Welcome to this charming two bedroom end terraced home, perfectly positioned on a generous plot with a large garden, offering a unique opportunity for both comfortable living and future development. This property comes with planning permission for a detached dwelling, making it an ideal choice for those seeking to expand their investment portfolio or create their dream home in a desirable location.
With planning permission already in place for a detached dwelling, you have the flexibility to build a new home while retaining the semi for rental income, or sell the current property to fund your new project. This property is not just a home; it’s a chance to invest in your future. Whether you're a first-time buyer, a growing family, or an investor, the options here are truly limitless. Situated in a desirable neighborhood, this property offers easy access to local amenities, schools, parks, and transport links, making it perfect for families and professionals alike.
This Two bedroom end terraced home with a large garden and planning permission for a new build is a rare find. It’s perfect for those needing extra outdoor space or looking to capitalize on future development potential. Don’t miss out on this fantastic opportunity to create your ideal living space or investment venture!

Entrance Lobby -

Lounge - 4.11 x 3.39 (13'5" x 11'1") -

Kitchen / Breakfasting Room - 4.42 x 2.40 (14'6" x 7'10") -

First Floor Landing -

Bedroom One - 4.49 x 3.76 (14'8" x 12'4") -

View Fromt Master Bedroom One -

Bedroom Two - 2.84 x 2.54 (9'3" x 8'3") -

Bathroom/Wc - 1.91 x 1.81 (6'3" x 5'11") -

External -

Side Garden / Land - PLANNING PERMISSION HAS BEEN GRANTED FOR A DETACHED RESIDENCE WITHIN THE SIDE GARDEN.....

Property Disclaimer - IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales 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 measurements have been taken as a guide to prospective buyers 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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We cannot also confirm at this stage of marketing the tenure of this house.

Agent Details

Gordon Brown Estate Agents Ltd, Gateshead

0191 625 0751

Next Steps?

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