4 Bed Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE27 0GH, £565,000

Bluestone Court, Backworth, Newcastle Upon Tyne, NE27 0GH - 3 views - 5 months ago

Cash
ROI: 1%
~129 m²
+27 photos

ValuationOvervalued

Sold Prices£102.5K - £413K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.4K/m²

Value Estimate

£306,882

 

 

End Value (After Refurb)

£300,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£141,250

Stamp Duty & Legal Fees

£33,900

Refurb Costs

£49,479

Bridging Loan Interest

£14,831

Total Cash In

£241,210

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£300,000

Mortgage (After Refinance)

£225,000

Mortgage LTV

75%

Cash Left In

£241,210

Equity

£75,000

Rent Range

£795 - £3,000

Rent Estimate

£1,381

Running Costs/mo

£1,234

Cashflow/mo

£147

Cashflow/yr

£1,768

ROI

1%

Gross Yield

3%

Local Sold Prices

50 sold prices from £102.5K to £413K, average is £278.8K. £1.1K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£413K11/220.34 mi51, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£320K03/230.34 mi93, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£290K02/230.34 mi89, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£330K05/230.34 mi11, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£252K10/200.34 mi7, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£258K02/210.34 mi95, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£310K03/210.34 mi25, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£270K08/210.35 mi49, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£200K02/230.39 mi63, Harle Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RZ4
£262K12/200.41 mi1, Algernon Drive, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RN4
£227.5K03/210.41 mi9, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL4
£230K03/210.41 mi50, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL4
£102.5K02/230.42 mi8, Havelock Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SA4
£365K10/220.43 mi1, Rushbury Court, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SR4
£235K03/210.49 mi2, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR4
£275K03/210.49 mi14, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR4
£170K11/230.5 mi25, Harlow Avenue, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SF4
£277.5K09/230.52 mi9, Dukes Cottages, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AW4
£370K03/210.54 mi11, East Farm Mews, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0FB4
£290K03/230.56 mi28, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BW4
£320K03/240.61 mi46, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP4
£277K10/200.62 mi197, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BU4
£332.6K07/210.65 mi61, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£293K01/230.66 mi27, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£299.9K12/230.66 mi14, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW4
£260K12/220.66 mi17, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW4
£267.5K03/210.66 mi119, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£225K04/230.67 mi44, Whitley Road, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0DB4
£295K04/210.67 mi51, Brookfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BJ4
£285K11/210.68 mi93, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ4
£280K12/200.68 mi31, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ4
£327.5K02/230.68 mi79, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ4
£250K05/210.7 mi18, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£220K01/210.7 mi31, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£275K12/200.7 mi83, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£295K12/220.7 mi65, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£340K12/200.73 mi51, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ4
£345K01/230.73 mi53, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ4
£281K10/220.76 mi55, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD4
£260K02/210.76 mi51, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD4
£242K11/200.78 mi51, Holyfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0EU4
£217.5K08/210.8 mi74, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ4
£280K06/210.8 mi11, Greenwood, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FE4
£280K06/230.81 mi34, Aidan Close, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UP4
£340K02/230.81 mi42, Blueburn Drive, Newcastle Upon Tyne, Tyne And Wear NE12 6GA4
£340K11/220.81 mi44, Blueburn Drive, Newcastle Upon Tyne, Tyne And Wear NE12 6GA4
£310K04/210.83 mi61, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR4
£263K12/200.85 mi53, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4
£235K12/200.85 mi32, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4
£239.9K02/210.85 mi49, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4

Local Rents

36 rents from £795/mo to £3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.16 miParkside View, Backworth, Newcastle Upon Tyne3
£1,40006/240.24 miHotspur North, Backworth, NE273
£1,40012/240.24 miHotspur North, Backworth, NE273
£85005/240.43 mi-3
£1,50006/240.55 miDukes Meadow, Backworth, Newcastle upon Tyne, Tyne and Wear, NE273
£1,80005/240.56 miDukes Meadow, Backworth, Newcastle upon Tyne, Tyne and Wear, NE27 0GD5
£79505/240.56 miOld Co-Op Buildings, Church Road, Backworth3
£1,05005/240.64 miViscount Close, Shiremoor, Newcastle Upon Tyne3
£1,60007/240.65 miCloverfield, West Allotment, NE274
£1,57502/250.65 mi-4
£1,65503/250.65 mi-4
£1,20005/240.73 miHolyfields, West Allotment, Newcastle Upon Tyne, NE273
£1,50005/240.76 miEdmund Road, Holystone4
£1,75006/240.76 miEdmund Road, Holystone4
£1,30007/240.77 miCoppice Place, Newcastle Upon Tyne, NE123
£1,30007/240.77 mi-3
£1,30009/240.77 mi-3
£85007/240.8 mi-3
£85007/240.8 miKirkland Walk, Shiremoor, Newcastle Upon Tyne, NE273
£1,20002/240.81 mi-3
£1,25005/240.81 mi-4
£1,30005/240.81 miDukesfield, Shiremoor, Newcastle Upon Tyne4
£1,50005/240.82 miBayfield, Northumberland Park4
£2,90007/240.83 mi-4
£3,00003/250.83 mi-4
£1,00003/250.89 mi-3
£1,10007/240.93 miEarlsmeadow, Shiremoor3
£1,50006/240.94 miForest Gate, ., Newcastle upon Tyne, Tyne and Wear, NE12 9EN4
£1,60005/240.97 miMiller Close, Palmersville, Newcastle upon Tyne, NE124
£1,50012/240.99 miMiller Close, Palmersville, Newcastle Upon Tyne3
£2,40006/241 mi-3
£2,20002/251 mi-3
£97506/241.05 miGreat Lime Road, Newcastle Upon Tyne3
£99506/241.12 miPark Lane, Shiremoor3
£95003/231.19 mi-4
£1,15006/241.24 miWoodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE123

Local Area Statistics

Population in NE27

12,335

Population in Newcastle upon Tyne

381,037

Town centre distance

5.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.45 miles away

 

 

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

-8%

Property History

Listed for £565,000

October 27, 2024

Floor Plans

Description

  • Detached Family Home +
  • Four Double Bedrooms +
  • Open Plan Living Space With Bi-Fold Doors +
  • Substantial Rear Garden +
  • Large Drive & Double Garage +
  • Two En-Suite Shower Rooms +
  • Ample Storage +
  • Immaculately Presented +
  • Cul-de-Sac Location +
  • Popular Development +

Jan Mitchell Properties are delighted to present this four bedroom detached family home in Bluestone Court, Backworth, which presents a perfect blend of modern living and convenience in a quiet cul-de-sac part of the estate.

Internally the property is immaculately presented throughout with contemporary décor that is a real credit to the current owners, briefly comprising:- Entrance hall with ground floor WC under the stairs, lounge with feature fireplace, stunning open plan kitchen/family room with fitted wall and floor units, integrated appliances, under floor heating, and bi-fold doors to the rear garden along with sitting and dining areas. There is also the utility room which gives access to the double garage.

To the first floor, off the balcony landing, there is a double storage cupboard, modern four piece family bathroom WC, and four good sized bedrooms, two of which benefitting lovely en-suite shower rooms. The property also boasts gas central heating, double glazing, ample storage and Cat5 internet connection with fibre optic in to the house.

Externally, there is a small lawned garden to the front along side the paved driveway providing off street parking for multiple vehicles. To the rear, you are presented with a substantial South-Westerly facing garden with lawned and patio areas. An ideal space for entertaining during those long summer nights.

Location
The location benefits from easy access to a wealth of local amenities within the village its self including well regarded schools, supermarkets, pubs and restaurants with further amenities easily accessed via the nearby metro station and road links at the coastlines of Whitley Bay and Tynemouth where you will find an array of independent boutique shops, eateries and bars as well as beautiful award winning beaches. It is also well places for the A19 & A1 motorways making it ideal for commuting to Newcastle, Gateshead & Durham.

Measurements
Lounge - 4.04 x 5.08
Kitchen/Family Room - 10.24 x 3.39
Utility - 1.67 x 2.96
Bedroom One - 5.43 x 6.58
Bedroom Two - 3.11 x 2.64
Bedroom Three - 4.01 x 3.18
Bedroom Four - 4.01 x 2.64

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: F (North Tyneside)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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