2 Bed Terraced House, Cash/Bridging Only, Gateshead, NE11 0XU, £130,000
ValuationOvervalued
Sold Prices | £42K - £375K |
Sold Prices/m² | £627/m² - £3.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.9K/m² |
Value Estimate | £99,247£99,247 |
| |
End Value (After Refurb) | £120,125£120,125 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £32,500£32,500 |
Stamp Duty & Legal Fees | £5,100£5,100 |
Refurb Costs | £26,073£26,073 |
Bridging Loan Interest | £3,413£3,413 |
Total Cash In | £68,835£68,835 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £120,125£120,125 |
Mortgage (After Refinance) | £90,094£90,094 |
Mortgage LTV | 75%75% |
Cash Left In | £68,835£68,835 |
Equity | £30,031£30,031 |
Rent Range | £495 - £3,300£495 - £3,300 |
Rent Estimate | £811 |
Running Costs/mo | £557£557 |
Cashflow/mo | £254£254 |
Cashflow/yr | £3,048£3,048 |
ROI | 4%4% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £42K to £375K, average is £106.3K. £627/m² to £3.1K/m², average is £1.4K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£100K | 09/23 | 0.06 mi | 18, Ashvale Avenue, Gateshead, Tyne And Wear NE11 0XT | - | - | 2 | Terraced House | |
£120K | 07/22 | 0.06 mi | 3, Ashvale Avenue, Gateshead, Tyne And Wear NE11 0XT | - | - | 2 | Terraced House | |
£153K | 07/22 | 0.07 mi | 28, Gardiner Square, Gateshead, Tyne And Wear NE11 0XS | £1,530 | 100 | 2 | Terraced House | |
£91K | 05/24 | 0.14 mi | 1, Coronation Terrace, Kibblesworth, Gateshead, Tyne And Wear NE11 0YB | £1,138 | 80 | 2 | Terraced House | |
£105K | 12/20 | 0.16 mi | 6, Prospect Terrace, Kibblesworth, Gateshead, Tyne And Wear NE11 0YD | £1,265 | 83 | 2 | Terraced House | |
£131K | 01/23 | 0.17 mi | 44, Moormill, Gateshead, Tyne And Wear NE11 0YP | £1,706 | 77 | 2 | Terraced House | |
£118K | 02/21 | 0.28 mi | 28, Hollydene, Kibblesworth, Gateshead, Tyne And Wear NE11 0NR | £2,000 | 59 | 2 | Terraced House | |
£115K | 04/21 | 1.12 mi | 25, Askrigg Close, Ouston, Chester Le Street, Durham DH2 1TX | - | - | 2 | Terraced House | |
£125K | 02/23 | 1.18 mi | 16, Carlton Close, Ouston, Chester Le Street, County Durham DH2 1TZ | - | - | 2 | Semi-Detached House | |
£126K | 04/21 | 1.2 mi | 19, Melbeck Drive, Ouston, Chester Le Street, Durham DH2 1TY | £2,100 | 60 | 2 | Semi-Detached House | |
£89.5K | 03/23 | 1.5 mi | 12, Primrose Gardens, Ouston, Chester Le Street, County Durham DH2 1RL | £1,202 | 74 | 2 | Terraced House | |
£80K | 06/23 | 1.5 mi | 6, Primrose Gardens, Ouston, Chester Le Street, County Durham DH2 1RL | £1,356 | 59 | 2 | Terraced House | |
£71K | 06/23 | 1.51 mi | 19, Iris Crescent, Ouston, Chester Le Street, County Durham DH2 1RJ | - | - | 2 | Terraced House | |
£116K | 08/24 | 1.54 mi | 21, Cowen Gardens, Gateshead, Tyne And Wear NE9 7TY | - | - | 2 | Semi-Detached House | |
£180K | 01/23 | 1.54 mi | 88, Salcombe Gardens, Gateshead, Tyne And Wear NE9 6XZ | - | - | 2 | Terraced House | |
£76K | 12/23 | 1.55 mi | 93, Woodford, Gateshead, Tyne And Wear NE9 6RG | - | - | 2 | Terraced House | |
£145K | 12/22 | 1.56 mi | 26, Aberfoyle, Ouston, Chester Le Street, County Durham DH2 1RH | - | - | 2 | Semi-Detached House | |
£93.5K | 11/21 | 1.59 mi | 77, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ | £1,607 | 58 | 2 | Terraced House | |
£62.5K | 04/21 | 1.59 mi | 23, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ | - | - | 2 | Terraced House | |
£125K | 11/21 | 1.62 mi | 31, Hertford, Gateshead, Tyne And Wear NE9 6DG | - | - | 2 | Terraced House | |
£95K | 07/21 | 1.62 mi | 67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ | £880 | 108 | 2 | Terraced House | |
£107.5K | 01/23 | 1.62 mi | 67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ | £995 | 108 | 2 | Terraced House | |
£87.3K | 04/21 | 1.63 mi | 10, Poplar Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1EH | £1,616 | 54 | 2 | Terraced House | |
£60K | 02/21 | 1.63 mi | 67, Lansbury Drive, Birtley, Chester Le Street, Tyne And Wear DH3 1JR | £1,053 | 57 | 2 | Terraced House | |
£74K | 02/23 | 1.63 mi | 55, King Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EF | £1,138 | 65 | 2 | Terraced House | |
£88.5K | 12/20 | 1.64 mi | 53, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EN | £903 | 98 | 2 | Terraced House | |
£61.8K | 03/23 | 1.64 mi | 42, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED | £950 | 65 | 2 | Terraced House | |
£42K | 10/20 | 1.64 mi | 22, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED | £627 | 67 | 2 | Terraced House | |
£142K | 07/21 | 1.65 mi | 14, Argyle, Ouston, Chester Le Street, Durham DH2 1RB | - | - | 2 | Semi-Detached House | |
£160K | 02/24 | 1.65 mi | 39, St Andrews Drive, Gateshead, Tyne And Wear NE9 6JU | £2,909 | 55 | 2 | Bungalow | |
£89K | 07/21 | 1.66 mi | 15, Lavers Road, Birtley, Chester Le Street, Tyne And Wear DH3 1HH | £1,290 | 69 | 2 | Semi-Detached House | |
£85K | 12/20 | 1.66 mi | 54, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ | £1,735 | 49 | 2 | Terraced House | |
£64K | 07/23 | 1.66 mi | 22, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ | - | - | 2 | Terraced House | |
£102K | 01/23 | 1.69 mi | 15, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EE | £1,457 | 70 | 2 | Terraced House | |
£216K | 06/23 | 1.7 mi | 47, Gleneagles Road, Low Fell, Gateshead, Tyne And Wear NE9 6JS | £3,130 | 69 | 2 | Semi-Detached House | |
£185K | 01/24 | 1.7 mi | 35, Gleneagles Road, Low Fell, Gateshead, Tyne And Wear NE9 6JS | - | - | 2 | Bungalow | |
£75K | 05/21 | 1.71 mi | 6, May Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EU | £1,180 | 64 | 2 | Terraced House | |
£85K | 12/22 | 1.71 mi | 17, Morris Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DU | £1,149 | 74 | 2 | Terraced House | |
£190K | 03/24 | 1.71 mi | 27, Rokeby View, Gateshead, Tyne And Wear NE9 7UD | - | - | 2 | Bungalow | |
£210K | 01/24 | 1.71 mi | 29, Rokeby View, Gateshead, Tyne And Wear NE9 7UD | £3,134 | 67 | 2 | Detached House | |
£95K | 05/23 | 1.73 mi | 6, Milbanke Street, Ouston, Chester Le Street, County Durham DH2 1JN | - | - | 2 | Terraced House | |
£81K | 02/23 | 1.73 mi | 17, Jones Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DZ | £779 | 104 | 2 | Terraced House | |
£175K | 12/23 | 1.74 mi | 4, Hunstanton Court, Gateshead, Tyne And Wear NE9 6LA | - | - | 2 | Bungalow | |
£101K | 11/20 | 1.77 mi | 29, Oliver Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NG | £1,403 | 72 | 2 | Semi-Detached House | |
£166K | 08/21 | 1.78 mi | 9, Ravenswood Gardens, Gateshead, Tyne And Wear NE9 6JR | £2,406 | 69 | 2 | Semi-Detached House | |
£175K | 05/21 | 1.78 mi | 13, Ravenswood Gardens, Gateshead, Tyne And Wear NE9 6JR | £2,500 | 70 | 2 | Semi-Detached House | |
£160K | 03/22 | 1.78 mi | 13, St Ronans View, Gateshead, Tyne And Wear NE9 7TF | £2,286 | 70 | 2 | Detached House | |
£180K | 05/21 | 1.78 mi | 1, St Ronans View, Gateshead, Tyne And Wear NE9 7TF | £2,727 | 66 | 2 | Detached House | |
£375K | 04/23 | 1.79 mi | Rose Cottage, Coach Road, Gateshead, Tyne And Wear NE11 0HE | £2,467 | 152 | 2 | Detached House | |
£220K | 01/23 | 1.82 mi | 30, Dene Court, Birtley, Chester Le Street, Tyne And Wear DH3 1QH | - | - | 2 | Semi-Detached House |
Local Rents
50 rents from £495/mo to £3.3K/mo, average is £698/mo.
Rent | Date | Distance | Address | Beds | Type | |
£775 | 05/24 | 0.14 mi | Liddell Terrace, Kibblesworth, Gateshead | 2 | Terraced House | |
£750 | 10/24 | 0.21 mi | - | 2 | Semi-Detached House | |
£1,500 | 05/24 | 0.31 mi | Hollydene, Kibblesworth, Gateshead, NE11 | 4 | Detached House | |
£550 | 05/24 | 0.4 mi | Cooper House, Ridings Lane, Kibblesworth, NE11 | 1 | Flat | |
£850 | 05/24 | 1.08 mi | Old Ravensworth Farm, Lamesley, NE11 | 2 | Terraced House | |
£675 | 12/24 | 1.33 mi | - | 3 | Terraced House | |
£625 | 12/24 | 1.39 mi | Middleham Close, Ouston, Chester Le Street | 2 | Flat | |
£575 | 12/24 | 1.42 mi | - | 2 | Flat | |
£595 | 05/24 | 1.42 mi | - | 2 | Flat | |
£695 | 12/24 | 1.5 mi | - | 2 | Terraced House | |
£595 | 12/24 | 1.5 mi | - | 2 | Flat | |
£625 | 12/24 | 1.5 mi | - | 2 | Flat | |
£695 | 06/24 | 1.54 mi | Ashford, Gateshead, NE9 | 3 | Terraced House | |
£950 | 07/24 | 1.55 mi | Salcombe Gardens, Low Fell, NE9 | 3 | Terraced House | |
£1,500 | 12/24 | 1.59 mi | The Hollys, Birtley, DH3 | 3 | Detached House | |
£600 | 07/24 | 1.61 mi | - | 2 | Terraced House | |
£900 | 12/24 | 1.62 mi | - | 4 | Semi-Detached House | |
£550 | 06/24 | 1.62 mi | - | 2 | Flat | |
£750 | 06/24 | 1.63 mi | Hertford, Low Fell | 2 | Flat | |
£650 | 07/24 | 1.64 mi | - | 2 | Flat | |
£660 | 07/24 | 1.64 mi | Stretford Court, Low Fell, NE9 | 1 | Flat | |
£750 | 12/24 | 1.64 mi | - | 3 | Terraced House | |
£3,300 | 10/24 | 1.67 mi | - | 3 | Flat | |
£600 | 12/24 | 1.68 mi | Morris Street, DH3 | 3 | Flat | |
£575 | 12/24 | 1.68 mi | - | 2 | Flat | |
£1,400 | 08/24 | 1.68 mi | - | 3 | Detached House | |
£1,275 | 11/24 | 1.68 mi | - | 3 | Terraced House | |
£1,175 | 12/24 | 1.68 mi | - | 3 | Terraced House | |
£1,175 | 12/24 | 1.68 mi | - | 3 | Terraced House | |
£575 | 12/24 | 1.68 mi | - | 2 | Flat | |
£500 | 12/24 | 1.69 mi | Mitchell Street, Birtley, Chester Le Street, County Durham, DH3 | 2 | Flat | |
£1,250 | 06/24 | 1.73 mi | Wells Gardens, Low Fell | 3 | Semi-Detached House | |
£1,250 | 07/24 | 1.73 mi | Wells Gardens, Low Fell | 3 | Semi-Detached House | |
£595 | 07/24 | 1.84 mi | Bodmin Court, Gateshead, Tyne and Wear, NE9 | 2 | Flat | |
£900 | 06/24 | 1.91 mi | Beechwood Avenue, Low Fell | 2 | Detached House | |
£1,600 | 12/24 | 1.91 mi | - | 4 | Semi-Detached House | |
£1,200 | 12/24 | 1.91 mi | - | 3 | Terraced House | |
£1,800 | 12/24 | 1.92 mi | - | 4 | Detached House | |
£495 | 12/24 | 1.94 mi | Crathie, Birtley, Chester Le Street, Co Durham, DH3 1QJ | 1 | Flat | |
£650 | 12/24 | 1.95 mi | - | 2 | Flat | |
£700 | 10/23 | 1.98 mi | - | 2 | Terraced House | |
£720 | 10/24 | 1.98 mi | - | 2 | Terraced House | |
£1,100 | 12/24 | 2 mi | Robsons Way, Birtley, DH3 | 3 | Detached House | |
£750 | 06/24 | 2.01 mi | Bramhope Green, Harlow Green, Gateshead, NE9 | 3 | Flat | |
£600 | 12/24 | 2.02 mi | Thorntons Close, Pelton, DH2 | 2 | Flat | |
£525 | 06/24 | 2.05 mi | - | 1 | Flat | |
£750 | 07/24 | 2.06 mi | Harewood Green, Gateshead | 3 | Terraced House | |
£625 | 09/24 | 2.07 mi | - | 3 | Terraced House | |
£625 | 12/24 | 2.08 mi | Hylton Terrace, Pelton, Chester Le Street, Durham, DH2 | 2 | Flat | |
£525 | 12/24 | 2.08 mi | Hylton Terrace, Chester Le Street | 2 | Terraced House |
Local Area Statistics
Population in NE11 | 16,34816,348 |
Population in Gateshead | 122,353122,353 |
Town centre distance | 2.95 miles away2.95 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 3.33 miles away3.33 miles away |
| |
Rental growth (12m) | +24%+24% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +13%+13% |
Property History
Listed for £130,000
October 30, 2024
Sold for £118,000
2022
Sold for £87,500
2010
Floor Plans
Description
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End Terraced House +
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15Ft Sun Lounge +
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Spacious Corner Plot +
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Approx. Floor Area: 71sqM or 768sqFT +
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Council Tax Band A +
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EPC RATING C +
Immaculate end terrace house with gardens to three sides, 15ft sun lounge should appeal to first time buyers.
To the ground floor is a entrance lobby with stairs to first floor, lounge with wood laminated flooring and a useful understairs cupboard with light, the refitted kitchen has a gas hob and electric oven, plumbing for washing machine space for fridge/freezer and wood laminated flooring, sun lounge which is a lovely addition to the home with tiled flooring and French doors to the rear garden.
To the first floor are two double bedrooms and a Shower Room equipped with a walk-in shower enclosure, wash hand basin, low level wc, heated towel rail, tiled walls and a double glazed window.
Externally the property benefits from gardens to three sides which are mainly laid to lawn with the rear featuring a gravelled patio.
Gas heating system via a combi boiler and double glazing.
Situated within a stone's throw of the A1 western bypass, this home guarantees effortless commuting and access to open countryside. It is conveniently positioned for local village shopping and amenities, schools, bus routes, countryside walks and two picturesque parks, are all just a short stroll away.
We understand the property is Freehold.
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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QLF240420/2