4 Bed Semi-Detached House, Single Let, Cramlington, NE23 8HE, £185,000

31 Southwold Place, Cramlington, Northumberland, NE23 8HE - 6 months ago

Sold STC
BTL
ROI: 4%
~129 m²
+13 photos

ValuationUndervalued

Sold Prices£156.5K - £560K
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.4K/m²

Value Estimate

£222,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£990 - £1,600

Rent Estimate

£995

Running Costs/mo

£797

Cashflow/mo

£198

Cashflow/yr

£2,375

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £156.5K to £560K, average is £330K. £1.5K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£240K01/230.2 mi51, Langdale Drive, Cramlington, Northumberland NE23 8EL4
£430K06/230.31 mi10, Kielder Avenue, Cramlington, Northumberland NE23 8JT4
£156.5K08/210.56 mi60, Blagdon Crescent, Nelson Village, Cramlington, Northumberland NE23 1HJ4
£182K12/200.67 mi64, Monkside, Cramlington, Northumberland NE23 6JX4
£172.5K08/210.73 mi36, Highburn, Cramlington, Northumberland NE23 6BE4
£285K04/210.83 mi23, Yarmouth Drive, Cramlington, Northumberland NE23 1TS4
£226K05/210.85 mi81, Highburn, Cramlington, Northumberland NE23 6BA4
£365K05/230.95 mi1, Lodsworth Drive, Cramlington, Northumberland NE23 7XR4
£332K01/210.95 mi27, Lodsworth Drive, Cramlington, Northumberland NE23 7XR4
£360K03/210.95 mi15, Lodsworth Drive, Cramlington, Northumberland NE23 7XR4
£500K03/230.97 mi8, Ripley Drive, Cramlington, Northumberland NE23 7XA4
£350K03/230.98 mi12, Longhirst Drive, Cramlington, Northumberland NE23 7XL4
£495K11/211 mi11, Raynham Close, Cramlington, Northumberland NE23 7XD4
£298K04/231.02 mi18, Lamonby Way, Cramlington, Northumberland NE23 7XW4
£372K09/221.05 mi6, Loxton Square, Cramlington, Northumberland NE23 7XT4
£440K10/231.08 mi4, Ripon Close, Cramlington, Northumberland NE23 7XJ4
£382.6K11/221.09 mi32, Ilford Avenue, Cramlington, Northumberland NE23 3LG4
£560K09/231.12 mi65, Richmond Way, Cramlington, Northumberland NE23 7XE4
£499.9K06/211.12 mi43, Richmond Way, Cramlington, Northumberland NE23 7XE4
£312K11/211.15 mi4, Woburn Close, Cramlington, Northumberland NE23 3QP4
£420K04/231.16 mi7, Ruislip Place, Cramlington, Northumberland NE23 7XH4
£495K08/231.16 mi1, Ruislip Place, Cramlington, Northumberland NE23 7XH4
£345K01/231.17 mi27, Carlby Way, Cramlington, Northumberland NE23 3YU4
£195K12/221.17 mi18, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£216K03/211.17 mi39, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£350K04/211.19 mi15, Windsor Court, Cramlington, Northumberland NE23 3QR4
£400K01/231.2 mi25, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£321K02/211.2 mi22, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£340K09/221.24 mi7, Gairloch Close, Cramlington, Northumberland NE23 3LJ4
£244K02/211.27 mi2, Corinto Close, Cramlington, Northumberland NE23 6FA4
£355K06/211.31 mi13, Highstead Avenue, Cramlington, Northumberland NE23 3QT4
£310K02/211.32 mi13, Dearham Grove, Cramlington, Northumberland NE23 3FR4
£271K09/211.34 mi37, Kingswood Road, Cramlington, Northumberland NE23 2XB4
£195K06/211.34 mi21, Crookham Way, Cramlington, Northumberland NE23 6HR4
£360K12/201.36 mi21, Delamere Crescent, Cramlington, Northumberland NE23 3FY4
£328K12/201.36 mi16, Delamere Crescent, Cramlington, Northumberland NE23 3FS4
£340K01/211.37 mi6, Greenholme Close, Cramlington, Northumberland NE23 3SU4
£172.5K03/241.39 mi21, Warenford Close, Cramlington, Northumberland NE23 6HS4
£240K06/231.39 mi8, Oswestry Place, Cramlington, Northumberland NE23 2YJ4
£265K08/231.42 mi11, Kirton Way, Cramlington, Northumberland NE23 2XR4
£355K08/231.42 mi12, Daylesford Road, Cramlington, Northumberland NE23 3FU4
£350K01/211.47 mi9, Keston Drive, Cramlington, Northumberland NE23 3QA4
£359K04/211.48 mi19, Keston Drive, Cramlington, Northumberland NE23 3QA4
£290K06/211.48 mi13, Keston Drive, Cramlington, Northumberland NE23 3QA4
£240K11/221.5 mi15, Hickstead Grove, Cramlington, Northumberland NE23 2FF4
£215.5K11/201.51 mi8, Otley Close, Cramlington, Northumberland NE23 2YP4
£278K12/201.53 mi13, Welbury Way, Cramlington, Northumberland NE23 6PD4
£365K09/231.53 mi2, Welbury Way, Cramlington, Northumberland NE23 6PD4
£290K04/211.56 mi2, Dunsdale Drive, Cramlington, Northumberland NE23 2GA4
£267.5K11/221.57 mi23, Annfield Road, Cramlington, Northumberland NE23 3GY4

Local Rents

20 rents from £990/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99007/240.2 mi-3
£1,20005/240.28 miLavender Way, West Meadows, Cramlington3
£1,02505/240.28 miClematis Court, West Meadows, Cramlington3
£1,05005/240.28 miClematis Court, West Meadows, Cramlington3
£1,05005/240.28 miClematis Court, West Meadows, Cramlington3
£1,05005/240.28 miClematis Court, West Meadows, Cramlington3
£1,05005/240.28 miClematis Court, West Meadows, Cramlington3
£1,02505/240.28 miClematis Court, Cramlington3
£1,00006/240.28 miClematis Court, West Meadows, Cramlington3
£99507/240.28 miBluebell Close, West Meadows, Cramlington3
£1,20007/240.28 miClematis Court, West Meadows, Cramlington3
£1,20007/240.28 miLavender Way, West Meadows, Cramlington3
£99505/240.29 miLavender Way, Cramlington3
£1,20006/240.32 mi3 bedroom Terraced House in Lavender Way, Cramlington3
£1,20007/240.32 mi3 bedroom End of Terrace House in Clematis Court, Cramlington3
£1,20005/240.39 miLavender Way, West Meadows, Cramlington3
£1,60005/240.44 miOld Crow Hall Lane, Cramlington, Northumberland, NE23 1BN3
£1,20007/240.51 miElder Drive, West Meadows, Cramlington, NE233
£1,10007/240.52 miHolly Way, West Meadows, Cramlington, NE233
£1,00007/240.54 miLittlestone Wynd, The Fairways, Cramlington, Newcastle Upon Tyne, NE233

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £185,000

October 22, 2024

Sold for £130,000

2004

Floor Plans

Description

  • Fantastic family home +
  • Lovely outlook to the rear +
  • Extended +
  • Garden and garage +
  • Super location +

Fantastic opportunity to buy an extended family home in a great location! This lovely home has so much to offer, with some fantastic features including solar panels and offers well proportioned accommodation alongside a lovely garden with an open outlook to the rear over park land.
If open plan living appeals, then this will fit the bill, there is a spacious open plan kitchen/diner which is a practical space, ideal for families. There is a utility space, ground w/c and internal door to the garage. The current owners have installed some really practical features including solar panels (owned), a solar hot water heater and a EV charging point.
The living accommodation includes entrance hallway, living room with open aspect to the kitchen/diner, utility space and ground floor cloaks. There is also a door into the garage. There are four double bedrooms and a family bathroom on the first floor. Externally there is a garden and driveway to the front elevation, garage with roller door.

A super home that ticks a lot of boxes for a growing family and benefits from being situated in a lovely location.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Cramlington

01670 332737

Next Steps?

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