3 Bed Terraced House, Refurb/BRRR, Wallsend, NE28 7LZ, £135,000

12 Croft Avenue, Wallsend, Tyne And Wear, NE28 7LZ - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£63K - £293K
Sold Prices/m²£894/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£121,550

 

 

End Value (After Refurb)

£130,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£35,687

Bridging Loan Interest

£3,544

Total Cash In

£80,281

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£130,625

Mortgage (After Refinance)

£97,969

Mortgage LTV

75%

Cash Left In

£80,281

Equity

£32,656

Rent Range

£530 - £2,500

Rent Estimate

£880

Running Costs/mo

£604

Cashflow/mo

£276

Cashflow/yr

£3,310

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £63K to £293K, average is £145K. £894/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£135.5K09/230.03 mi53, Coronation Street, Wallsend, Tyne And Wear NE28 7LU3
£187.5K02/240.04 mi80, Coronation Street, Wallsend, Tyne And Wear NE28 7LT3
£161.5K11/200.04 mi128, Park Road, Wallsend, Tyne And Wear NE28 7QR3
£200K11/230.04 mi114, Park Road, Wallsend, Tyne And Wear NE28 7QR3
£178K06/230.06 mi33, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£170K10/210.06 mi32, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£160K04/230.06 mi7, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£165K01/230.06 mi34, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£220K03/230.07 mi54, Ferndale Avenue, Wallsend, Tyne And Wear NE28 7NE3
£165K01/240.07 mi47, Ferndale Avenue, Wallsend, Tyne And Wear NE28 7NE3
£147K06/240.07 mi59, Ferndale Avenue, Wallsend, Tyne And Wear NE28 7NE3
£155K07/230.07 mi57, Ferndale Avenue, Wallsend, Tyne And Wear NE28 7NE3
£63K05/210.07 mi4, Sunningdale Avenue, Wallsend, Tyne And Wear NE28 7LS3
£185K12/220.07 mi27, Ferndale Avenue, Wallsend, Tyne And Wear NE28 7NE3
£175K09/210.11 mi13, Hawthorne Grove, Wallsend, Tyne And Wear NE28 8HD3
£170K04/210.11 mi10, Hawthorne Grove, Wallsend, Tyne And Wear NE28 8HD3
£143K02/210.14 mi2, Stadium Villas, Wallsend, Tyne And Wear NE28 7EN3
£122K11/200.14 mi58, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX3
£133K08/230.15 mi156, Park Road, Wallsend, Tyne And Wear NE28 7QS3
£155K12/230.15 mi174, Park Road, Wallsend, Tyne And Wear NE28 7QS3
£120K12/210.18 mi61, Charlotte Street, Wallsend, Tyne And Wear NE28 7PU3
£150K09/210.21 mi21, Beech Grove, Wallsend, Tyne And Wear NE28 8HF3
£155K05/230.21 mi9, Beech Grove, Wallsend, Tyne And Wear NE28 8HF3
£122K01/210.22 mi109, Richardson Street, Wallsend, Tyne And Wear NE28 7PR3
£113K01/210.22 mi89, Richardson Street, Wallsend, Tyne And Wear NE28 7PR3
£153K03/240.22 mi109, Richardson Street, Wallsend, Tyne And Wear NE28 7PR3
£139.8K02/240.23 mi31, Wooley Street, Wallsend, Tyne And Wear NE28 6HB3
£81K09/230.24 mi40, Coach Road, Wallsend, Tyne And Wear NE28 6JA3
£130K10/200.24 mi36, Carville Road, Wallsend, Tyne And Wear NE28 6RJ3
£121.5K03/230.25 mi4, Winifred Gardens, Wallsend, Tyne And Wear NE28 6EF3
£138K06/210.27 mi6, John Street, Wallsend, Tyne And Wear NE28 8QX3
£108K06/210.27 mi1, Maude Gardens, Wallsend, Tyne And Wear NE28 6DU3
£133K07/230.28 mi72, North Road, Wallsend, Tyne And Wear NE28 8RL3
£130K10/200.29 mi11, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN3
£125K04/230.3 mi28, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£94K11/200.3 mi23, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£129.9K10/230.3 mi3, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£140K11/200.3 mi38, Ash Grove, Wallsend, Tyne And Wear NE28 6PJ3
£162K06/230.31 mi18, Boyd Crescent, Wallsend, Tyne And Wear NE28 7SG3
£185K06/230.31 mi14, Boyd Crescent, Wallsend, Tyne And Wear NE28 7SG3
£145K08/210.33 mi64, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ3
£160K08/210.33 mi52, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ3
£90K10/230.33 mi29, Jubilee Street, Wallsend, Tyne And Wear NE28 8RY3
£155K10/200.33 mi18, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH3
£91K10/210.33 mi11, Mutual Street, Wallsend, Tyne And Wear NE28 8JZ3
£116.5K03/210.34 mi8, Harrington Street, Wallsend, Tyne And Wear NE28 8LL3
£145K11/210.35 mi15, Elton Street West, Wallsend, Tyne And Wear NE28 8JY3
£93K08/230.35 mi18, Oak Grove, Wallsend, Tyne And Wear NE28 6PW3
£210K01/230.35 mi4, Park Avenue, Wallsend, Tyne And Wear NE28 8DE3
£293K03/210.35 mi20, Park Avenue, Wallsend, Tyne And Wear NE28 8DE3

Local Rents

17 rents from £530/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£87503/240.04 mi-3
£74504/240.04 mi-3
£79505/240.04 miCroft Avenue, Wallsend, NE283
£85005/240.05 mi-3
£53005/240.06 miPark Road, Wallsend3
£65005/240.08 mi-3
£62502/250.11 mi-3
£75005/240.16 miCharlotte Street, Wallsend 3
£64002/250.24 mi-3
£57509/230.29 mi-3
£82501/250.31 mi-3
£82512/240.31 mi-3
£65009/230.33 mi-3
£90007/240.36 mi-3
£90007/240.36 miHopper Street, Wallsend, NE283
£72505/240.36 miHedley Place, Wallsend, Tyne and Wear, NE28 8LY3
£2,50005/240.55 mi-3

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £135,000

January 19, 2025

Listed for £145,000

October 21, 2024

Sold for £120,000

2007

Sold for £65,500

2003

Sold for £24,000

1996

Description

  • Three Bedrooms +
  • Terraced House +
  • Close To Amenities +

We welcome for sale a vacant mid-terraced property nestled in the heart of Wallsend, Tyne and Wear. This home offers a fantastic opportunity for first-time buyers, investors, or those looking to customize their next home. Situated on a quiet residential street, this property boasts Three generously sized bedrooms and ample living space, including a spacious lounge area and a separate dining room. While requiring some refurbishment, this home has great potential for modernisation and adding your personal touch.

In brief this property consists of: Entrance / Hallway, living room with feature fireplace, a modern fitted kitchen, three good size bedrooms and a family bathroom

Externally the property offers private front and rear yard along with on street parking

Properties here are rare to the market, to arrange a viewing e-mail:-

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Wallsend

0191 607 6820

Next Steps?

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