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





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£306,882 |
| |
End Value (After Refurb) | £300,000£300,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £141,250£141,250 |
Stamp Duty & Legal Fees | £33,900£33,900 |
Refurb Costs | £49,479£49,479 |
Bridging Loan Interest | £14,831£14,831 |
Total Cash In | £241,210£241,210 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £300,000£300,000 |
Mortgage (After Refinance) | £225,000£225,000 |
Mortgage LTV | 75%75% |
Cash Left In | £241,210£241,210 |
Equity | £75,000£75,000 |
Rent Range | £795 - £3,000£795 - £3,000 |
Rent Estimate | £1,381 |
Running Costs/mo | £1,234£1,234 |
Cashflow/mo | £147£147 |
Cashflow/yr | £1,768£1,768 |
ROI | 1%1% |
Gross Yield | 3%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£413K | 11/22 | 0.34 mi | 51, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | - | - | 4 | Detached House | |
£320K | 03/23 | 0.34 mi | 93, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £2,440 | 131 | 4 | Detached House | |
£290K | 02/23 | 0.34 mi | 89, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £2,695 | 108 | 4 | Detached House | |
£330K | 05/23 | 0.34 mi | 11, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £3,338 | 99 | 4 | Detached House | |
£252K | 10/20 | 0.34 mi | 7, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £1,881 | 134 | 4 | Detached House | |
£258K | 02/21 | 0.34 mi | 95, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £2,132 | 121 | 4 | Detached House | |
£310K | 03/21 | 0.34 mi | 25, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £2,522 | 123 | 4 | Detached House | |
£270K | 08/21 | 0.35 mi | 49, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD | £2,126 | 127 | 4 | Detached House | |
£200K | 02/23 | 0.39 mi | 63, Harle Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RZ | £1,923 | 104 | 4 | Semi-Detached House | |
£262K | 12/20 | 0.41 mi | 1, Algernon Drive, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RN | £2,278 | 115 | 4 | Detached House | |
£227.5K | 03/21 | 0.41 mi | 9, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL | - | - | 4 | Detached House | |
£230K | 03/21 | 0.41 mi | 50, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL | £2,091 | 110 | 4 | Detached House | |
£102.5K | 02/23 | 0.42 mi | 8, Havelock Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SA | £1,126 | 91 | 4 | Semi-Detached House | |
£365K | 10/22 | 0.43 mi | 1, Rushbury Court, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SR | £2,897 | 126 | 4 | Detached House | |
£235K | 03/21 | 0.49 mi | 2, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR | £2,398 | 98 | 4 | Semi-Detached House | |
£275K | 03/21 | 0.49 mi | 14, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR | £2,594 | 106 | 4 | Terraced House | |
£170K | 11/23 | 0.5 mi | 25, Harlow Avenue, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SF | £1,910 | 89 | 4 | Semi-Detached House | |
£277.5K | 09/23 | 0.52 mi | 9, Dukes Cottages, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AW | - | - | 4 | Terraced House | |
£370K | 03/21 | 0.54 mi | 11, East Farm Mews, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0FB | £2,528 | 146 | 4 | Semi-Detached House | |
£290K | 03/23 | 0.56 mi | 28, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BW | - | - | 4 | Detached House | |
£320K | 03/24 | 0.61 mi | 46, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP | £2,462 | 130 | 4 | Semi-Detached House | |
£277K | 10/20 | 0.62 mi | 197, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BU | £2,347 | 118 | 4 | Detached House | |
£332.6K | 07/21 | 0.65 mi | 61, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE | £2,376 | 140 | 4 | Detached House | |
£293K | 01/23 | 0.66 mi | 27, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE | £1,069 | 274 | 4 | Detached House | |
£299.9K | 12/23 | 0.66 mi | 14, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW | - | - | 4 | Detached House | |
£260K | 12/22 | 0.66 mi | 17, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW | £2,097 | 124 | 4 | Detached House | |
£267.5K | 03/21 | 0.66 mi | 119, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE | - | - | 4 | Detached House | |
£225K | 04/23 | 0.67 mi | 44, Whitley Road, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0DB | £1,891 | 119 | 4 | Semi-Detached House | |
£295K | 04/21 | 0.67 mi | 51, Brookfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BJ | £1,686 | 175 | 4 | Terraced House | |
£285K | 11/21 | 0.68 mi | 93, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ | £2,822 | 101 | 4 | Detached House | |
£280K | 12/20 | 0.68 mi | 31, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ | £2,456 | 114 | 4 | Detached House | |
£327.5K | 02/23 | 0.68 mi | 79, Harwood Drive, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FQ | £3,119 | 105 | 4 | Detached House | |
£250K | 05/21 | 0.7 mi | 18, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ | - | - | 4 | Detached House | |
£220K | 01/21 | 0.7 mi | 31, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ | £2,178 | 101 | 4 | Detached House | |
£275K | 12/20 | 0.7 mi | 83, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ | £2,372 | 116 | 4 | Detached House | |
£295K | 12/22 | 0.7 mi | 65, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ | - | - | 4 | Detached House | |
£340K | 12/20 | 0.73 mi | 51, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ | £2,553 | 133 | 4 | Detached House | |
£345K | 01/23 | 0.73 mi | 53, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ | £3,138 | 110 | 4 | Detached House | |
£281K | 10/22 | 0.76 mi | 55, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD | £2,651 | 106 | 4 | Detached House | |
£260K | 02/21 | 0.76 mi | 51, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD | £2,222 | 117 | 4 | Detached House | |
£242K | 11/20 | 0.78 mi | 51, Holyfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0EU | £2,111 | 115 | 4 | Detached House | |
£217.5K | 08/21 | 0.8 mi | 74, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ | £2,314 | 94 | 4 | Semi-Detached House | |
£280K | 06/21 | 0.8 mi | 11, Greenwood, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FE | £2,545 | 110 | 4 | Detached House | |
£280K | 06/23 | 0.81 mi | 34, Aidan Close, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UP | £2,667 | 105 | 4 | Detached House | |
£340K | 02/23 | 0.81 mi | 42, Blueburn Drive, Newcastle Upon Tyne, Tyne And Wear NE12 6GA | - | - | 4 | Detached House | |
£340K | 11/22 | 0.81 mi | 44, Blueburn Drive, Newcastle Upon Tyne, Tyne And Wear NE12 6GA | £2,560 | 133 | 4 | Detached House | |
£310K | 04/21 | 0.83 mi | 61, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR | - | - | 4 | Detached House | |
£263K | 12/20 | 0.85 mi | 53, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR | £1,900 | 138 | 4 | Detached House | |
£235K | 12/20 | 0.85 mi | 32, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR | £1,865 | 126 | 4 | Detached House | |
£239.9K | 02/21 | 0.85 mi | 49, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR | £2,580 | 93 | 4 | Detached House |
Local Rents
36 rents from £795/mo to £3K/mo, average is £1.4K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,400 | 07/24 | 0.16 mi | Parkside View, Backworth, Newcastle Upon Tyne | 3 | Detached House | |
£1,400 | 06/24 | 0.24 mi | Hotspur North, Backworth, NE27 | 3 | Detached House | |
£1,400 | 12/24 | 0.24 mi | Hotspur North, Backworth, NE27 | 3 | Detached House | |
£850 | 05/24 | 0.43 mi | - | 3 | Semi-Detached House | |
£1,500 | 06/24 | 0.55 mi | Dukes Meadow, Backworth, Newcastle upon Tyne, Tyne and Wear, NE27 | 3 | Semi-Detached House | |
£1,800 | 05/24 | 0.56 mi | Dukes Meadow, Backworth, Newcastle upon Tyne, Tyne and Wear, NE27 0GD | 5 | Detached House | |
£795 | 05/24 | 0.56 mi | Old Co-Op Buildings, Church Road, Backworth | 3 | Flat | |
£1,050 | 05/24 | 0.64 mi | Viscount Close, Shiremoor, Newcastle Upon Tyne | 3 | Detached House | |
£1,600 | 07/24 | 0.65 mi | Cloverfield, West Allotment, NE27 | 4 | Detached House | |
£1,575 | 02/25 | 0.65 mi | - | 4 | Detached House | |
£1,655 | 03/25 | 0.65 mi | - | 4 | Detached House | |
£1,200 | 05/24 | 0.73 mi | Holyfields, West Allotment, Newcastle Upon Tyne, NE27 | 3 | Detached House | |
£1,500 | 05/24 | 0.76 mi | Edmund Road, Holystone | 4 | Flat | |
£1,750 | 06/24 | 0.76 mi | Edmund Road, Holystone | 4 | House | |
£1,300 | 07/24 | 0.77 mi | Coppice Place, Newcastle Upon Tyne, NE12 | 3 | Semi-Detached House | |
£1,300 | 07/24 | 0.77 mi | - | 3 | Semi-Detached House | |
£1,300 | 09/24 | 0.77 mi | - | 3 | Semi-Detached House | |
£850 | 07/24 | 0.8 mi | - | 3 | Terraced House | |
£850 | 07/24 | 0.8 mi | Kirkland Walk, Shiremoor, Newcastle Upon Tyne, NE27 | 3 | Terraced House | |
£1,200 | 02/24 | 0.81 mi | - | 3 | Detached House | |
£1,250 | 05/24 | 0.81 mi | - | 4 | Detached House | |
£1,300 | 05/24 | 0.81 mi | Dukesfield, Shiremoor, Newcastle Upon Tyne | 4 | Flat | |
£1,500 | 05/24 | 0.82 mi | Bayfield, Northumberland Park | 4 | Detached House | |
£2,900 | 07/24 | 0.83 mi | - | 4 | Semi-Detached House | |
£3,000 | 03/25 | 0.83 mi | - | 4 | Semi-Detached House | |
£1,000 | 03/25 | 0.89 mi | - | 3 | Semi-Detached House | |
£1,100 | 07/24 | 0.93 mi | Earlsmeadow, Shiremoor | 3 | Terraced House | |
£1,500 | 06/24 | 0.94 mi | Forest Gate, ., Newcastle upon Tyne, Tyne and Wear, NE12 9EN | 4 | Detached House | |
£1,600 | 05/24 | 0.97 mi | Miller Close, Palmersville, Newcastle upon Tyne, NE12 | 4 | Detached House | |
£1,500 | 12/24 | 0.99 mi | Miller Close, Palmersville, Newcastle Upon Tyne | 3 | Detached House | |
£2,400 | 06/24 | 1 mi | - | 3 | Terraced House | |
£2,200 | 02/25 | 1 mi | - | 3 | Terraced House | |
£975 | 06/24 | 1.05 mi | Great Lime Road, Newcastle Upon Tyne | 3 | Terraced House | |
£995 | 06/24 | 1.12 mi | Park Lane, Shiremoor | 3 | Semi-Detached House | |
£950 | 03/23 | 1.19 mi | - | 4 | Flat | |
£1,150 | 06/24 | 1.24 mi | Woodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 | 3 | Semi-Detached House |
Local Area Statistics
Population in NE27 | 12,33512,335 |
Population in Newcastle upon Tyne | 381,037381,037 |
Town centre distance | 5.47 miles away5.47 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.45 miles away0.45 miles away |
| |
Rental growth (12m) | +16%+16% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | -8%-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