3 Bed Terraced House, Potential PLO/LOA, Newcastle upon Tyne, NE16 4AS, £120,000

15 George Street, Newcastle Upon Tyne, Tyne And Wear, NE16 4AS - 9 views - 4 months ago

Negative Equity
ROI: 6%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£82.5K - £360K
Sold Prices/m²£994/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£144,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£650 - £1,300

Rent Estimate

£729

Running Costs/mo

£541

Cashflow/mo

£188

Cashflow/yr

£2,258

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £82.5K to £360K, average is £205K. £994/m² to £3.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£128K04/210.05 mi14, Whickham Bank, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AJ3
£168K11/200.07 mi30, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN3
£205K04/230.07 mi11, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN3
£234K03/230.07 mi12, Alnwick Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5ZD3
£164K12/200.09 mi16, Whickham Bank, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AJ3
£138K01/240.09 mi3, Whickham Bank, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AJ3
£225K08/210.1 mi1, Victoria Mews, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4NJ3
£295K12/200.11 mi30, Parkdale Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5JR3
£297K01/210.12 mi17, Heathwood Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UZ3
£252K10/200.12 mi15, Heathwood Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UZ3
£134.1K09/210.12 mi3, North View, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AX3
£145K11/220.12 mi21, North View, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AX3
£300K01/210.13 mi12a, Axwell View, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4JS3
£305K01/210.13 mi10, Fernhill Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UY3
£257K04/210.13 mi5, Fernhill Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UY3
£325K01/230.13 mi2, Fernhill Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UY3
£147K06/210.14 mi1, Fellside Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4JP3
£130K07/230.17 mi48, Hardie Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BA3
£150K03/210.23 mi26, Graham Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BE3
£171.5K09/210.24 mi51, North View, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AY3
£82.5K12/220.24 mi59, North View, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AY3
£256.7K04/210.29 mi17, Rose Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4NA3
£176K02/230.29 mi8, Rose Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4NA3
£300K04/210.29 mi20, Runnymede Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4LD3
£290K01/210.3 mi8, Fir Tree Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4LG3
£205K06/210.3 mi20, Oakridge, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YD3
£188.5K04/210.3 mi22, Oakridge, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YD3
£263K02/240.3 mi9, Oakridge, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YD3
£222.5K11/210.31 mi2, Corsair, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YA3
£127.5K11/200.32 mi6, Holme Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4ND3
£180K05/240.33 mi8, West Thorns Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4LH3
£110K12/210.34 mi9, Valley Drive, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JW3
£120K01/240.35 mi34, Milton Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JD3
£145K03/230.36 mi25, Abbots Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4DB3
£175K08/230.36 mi1, Abbots Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4DB3
£117K12/200.4 mi7, Regency Drive, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5XZ3
£179K12/200.4 mi15, Regency Drive, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5XZ3
£305K05/210.43 mi1, Elsdon Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HZ3
£240K11/230.43 mi26, Elsdon Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HZ3
£240K11/230.43 mi14, Elsdon Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HZ3
£300K09/210.45 mi21, Church Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BU3
£286K04/240.45 mi19, Church Rise, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BU3
£252.5K01/210.46 mi44, Oakfield Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HN3
£140K09/200.46 mi19, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF3
£175K08/230.46 mi43, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF3
£174K02/240.46 mi21, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF3
£360K10/230.48 mi48, Oakfield Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HN3
£240K06/230.48 mi38, Oakfield Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5HN3
£230K02/210.48 mi4, Ancaster Road, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BE3
£316K06/210.48 mi14, Thistledon Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YS3

Local Rents

18 rents from £650/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85010/240.13 mi-3
£1,00005/240.3 miOtterburn Gardens, Whickham, Newcastle upon Tyne, Tyne and Wear, NE163
£95006/240.34 mi-3
£65007/240.48 mi-3
£69506/240.52 miAxwell Terrace, Swalwell, NE163
£77502/250.52 mi-3
£1,20005/240.71 miCarrsyde Close, Whickham, Newcastle Upon Tyne, NE163
£75005/240.71 miBroadpool Green, Whickham, Newcastle upon Tyne, Tyne and Wear, NE16 4RH3
£1,20009/230.72 mi-3
£1,20009/240.72 mi-3
£85007/240.85 mi-3
£85006/240.85 miThe Drive, Whickham, Newcastle Upon Tyne, NE163
£1,30006/241.13 mi-3
£1,00006/241.16 miHelvellyn Close, Blaydon3
£75007/241.16 mi-3
£80012/241.23 mi-3
£85006/241.23 miGreenrigg, Blaydon3
£85006/241.23 miGreenrigg, Blaydon3

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

4.45 miles away

Nearest school

0.20 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £120,000

-10%

October 29, 2024

Sold for £132,500

2009

Sold for £115,000

2004

Sold for £79,000

2003

Sold for £42,500

1997

Floor Plans

Description

  • Three Bedrooms +

  • Fitted Kitchen +

  • Modern Bathroom +

  • Rear Yard +

  • Council Tax Band B +

  • EPC Rating D +

REQUIRING A DEGREE OF UPDATING and refurbishment, the property will appeal to buyers wishing to place their own stamp and style upon a charming terraced home. Featuring an ENCLOSED YARD to the rear aspect, the living space includes a lounge, fitted kitchen, bathroom and THREE BEDROOMS. The property's location offers convenient access to the shopping facilities and amenities Whickham Village has to offer whilst transport routes and services provide links to the surrounding areas. Will appeal to first time buyers and investors alike.

Agent Details

Sarah Mains Residential Sales and Lettings, Whickham

0191 625 1022

Next Steps?

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

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