2 Bed Terraced House, Cash/Bridging Only, Gateshead, NE11 0XU, £130,000

9 Laburnum Crescent, Gateshead, Tyne And Wear, NE11 0XU - 2 months ago

Sold STC
Cash
ROI: 4%
~68 m²
+12 photos

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

 

 

End Value (After Refurb)

£120,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£26,073

Bridging Loan Interest

£3,413

Total Cash In

£68,835

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,125

Mortgage (After Refinance)

£90,094

Mortgage LTV

75%

Cash Left In

£68,835

Equity

£30,031

Rent Range

£495 - £3,300

Rent Estimate

£811

Running Costs/mo

£557

Cashflow/mo

£254

Cashflow/yr

£3,048

ROI

4%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£100K09/230.06 mi18, Ashvale Avenue, Gateshead, Tyne And Wear NE11 0XT2
£120K07/220.06 mi3, Ashvale Avenue, Gateshead, Tyne And Wear NE11 0XT2
£153K07/220.07 mi28, Gardiner Square, Gateshead, Tyne And Wear NE11 0XS2
£91K05/240.14 mi1, Coronation Terrace, Kibblesworth, Gateshead, Tyne And Wear NE11 0YB2
£105K12/200.16 mi6, Prospect Terrace, Kibblesworth, Gateshead, Tyne And Wear NE11 0YD2
£131K01/230.17 mi44, Moormill, Gateshead, Tyne And Wear NE11 0YP2
£118K02/210.28 mi28, Hollydene, Kibblesworth, Gateshead, Tyne And Wear NE11 0NR2
£115K04/211.12 mi25, Askrigg Close, Ouston, Chester Le Street, Durham DH2 1TX2
£125K02/231.18 mi16, Carlton Close, Ouston, Chester Le Street, County Durham DH2 1TZ2
£126K04/211.2 mi19, Melbeck Drive, Ouston, Chester Le Street, Durham DH2 1TY2
£89.5K03/231.5 mi12, Primrose Gardens, Ouston, Chester Le Street, County Durham DH2 1RL2
£80K06/231.5 mi6, Primrose Gardens, Ouston, Chester Le Street, County Durham DH2 1RL2
£71K06/231.51 mi19, Iris Crescent, Ouston, Chester Le Street, County Durham DH2 1RJ2
£116K08/241.54 mi21, Cowen Gardens, Gateshead, Tyne And Wear NE9 7TY2
£180K01/231.54 mi88, Salcombe Gardens, Gateshead, Tyne And Wear NE9 6XZ2
£76K12/231.55 mi93, Woodford, Gateshead, Tyne And Wear NE9 6RG2
£145K12/221.56 mi26, Aberfoyle, Ouston, Chester Le Street, County Durham DH2 1RH2
£93.5K11/211.59 mi77, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ2
£62.5K04/211.59 mi23, Windsor Road, Birtley, Chester Le Street, Tyne And Wear DH3 1PQ2
£125K11/211.62 mi31, Hertford, Gateshead, Tyne And Wear NE9 6DG2
£95K07/211.62 mi67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ2
£107.5K01/231.62 mi67, Mitchell Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EQ2
£87.3K04/211.63 mi10, Poplar Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1EH2
£60K02/211.63 mi67, Lansbury Drive, Birtley, Chester Le Street, Tyne And Wear DH3 1JR2
£74K02/231.63 mi55, King Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EF2
£88.5K12/201.64 mi53, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EN2
£61.8K03/231.64 mi42, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED2
£42K10/201.64 mi22, Queen Street, Birtley, Chester Le Street, Tyne And Wear DH3 1ED2
£142K07/211.65 mi14, Argyle, Ouston, Chester Le Street, Durham DH2 1RB2
£160K02/241.65 mi39, St Andrews Drive, Gateshead, Tyne And Wear NE9 6JU2
£89K07/211.66 mi15, Lavers Road, Birtley, Chester Le Street, Tyne And Wear DH3 1HH2
£85K12/201.66 mi54, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ2
£64K07/231.66 mi22, Glamis Villas, Birtley, Chester Le Street, Tyne And Wear DH3 1JZ2
£102K01/231.69 mi15, Ravensworth Road, Birtley, Chester Le Street, Tyne And Wear DH3 1EE2
£216K06/231.7 mi47, Gleneagles Road, Low Fell, Gateshead, Tyne And Wear NE9 6JS2
£185K01/241.7 mi35, Gleneagles Road, Low Fell, Gateshead, Tyne And Wear NE9 6JS2
£75K05/211.71 mi6, May Street, Birtley, Chester Le Street, Tyne And Wear DH3 1EU2
£85K12/221.71 mi17, Morris Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DU2
£190K03/241.71 mi27, Rokeby View, Gateshead, Tyne And Wear NE9 7UD2
£210K01/241.71 mi29, Rokeby View, Gateshead, Tyne And Wear NE9 7UD2
£95K05/231.73 mi6, Milbanke Street, Ouston, Chester Le Street, County Durham DH2 1JN2
£81K02/231.73 mi17, Jones Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DZ2
£175K12/231.74 mi4, Hunstanton Court, Gateshead, Tyne And Wear NE9 6LA2
£101K11/201.77 mi29, Oliver Crescent, Birtley, Chester Le Street, Tyne And Wear DH3 1NG2
£166K08/211.78 mi9, Ravenswood Gardens, Gateshead, Tyne And Wear NE9 6JR2
£175K05/211.78 mi13, Ravenswood Gardens, Gateshead, Tyne And Wear NE9 6JR2
£160K03/221.78 mi13, St Ronans View, Gateshead, Tyne And Wear NE9 7TF2
£180K05/211.78 mi1, St Ronans View, Gateshead, Tyne And Wear NE9 7TF2
£375K04/231.79 miRose Cottage, Coach Road, Gateshead, Tyne And Wear NE11 0HE2
£220K01/231.82 mi30, Dene Court, Birtley, Chester Le Street, Tyne And Wear DH3 1QH2

Local Rents

50 rents from £495/mo to £3.3K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£77505/240.14 miLiddell Terrace, Kibblesworth, Gateshead2
£75010/240.21 mi-2
£1,50005/240.31 miHollydene, Kibblesworth, Gateshead, NE114
£55005/240.4 miCooper House, Ridings Lane, Kibblesworth, NE111
£85005/241.08 miOld Ravensworth Farm, Lamesley, NE112
£67512/241.33 mi-3
£62512/241.39 miMiddleham Close, Ouston, Chester Le Street2
£57512/241.42 mi-2
£59505/241.42 mi-2
£69512/241.5 mi-2
£59512/241.5 mi-2
£62512/241.5 mi-2
£69506/241.54 miAshford, Gateshead, NE93
£95007/241.55 miSalcombe Gardens, Low Fell, NE93
£1,50012/241.59 miThe Hollys, Birtley, DH33
£60007/241.61 mi-2
£90012/241.62 mi-4
£55006/241.62 mi-2
£75006/241.63 miHertford, Low Fell2
£65007/241.64 mi-2
£66007/241.64 miStretford Court, Low Fell, NE91
£75012/241.64 mi-3
£3,30010/241.67 mi-3
£60012/241.68 miMorris Street, DH33
£57512/241.68 mi-2
£1,40008/241.68 mi-3
£1,27511/241.68 mi-3
£1,17512/241.68 mi-3
£1,17512/241.68 mi-3
£57512/241.68 mi-2
£50012/241.69 miMitchell Street, Birtley, Chester Le Street, County Durham, DH32
£1,25006/241.73 miWells Gardens, Low Fell3
£1,25007/241.73 miWells Gardens, Low Fell3
£59507/241.84 miBodmin Court, Gateshead, Tyne and Wear, NE92
£90006/241.91 miBeechwood Avenue, Low Fell2
£1,60012/241.91 mi-4
£1,20012/241.91 mi-3
£1,80012/241.92 mi-4
£49512/241.94 miCrathie, Birtley, Chester Le Street, Co Durham, DH3 1QJ1
£65012/241.95 mi-2
£70010/231.98 mi-2
£72010/241.98 mi-2
£1,10012/242 miRobsons Way, Birtley, DH33
£75006/242.01 miBramhope Green, Harlow Green, Gateshead, NE93
£60012/242.02 miThorntons Close, Pelton, DH22
£52506/242.05 mi-1
£75007/242.06 miHarewood Green, Gateshead3
£62509/242.07 mi-3
£62512/242.08 miHylton Terrace, Pelton, Chester Le Street, Durham, DH22
£52512/242.08 miHylton Terrace, Chester Le Street2

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.95 miles away

Nearest school

0.20 miles away

Nearest train station

3.33 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Balanced market

Capital growth (5yrs)

+13%

Property History

Listed for £130,000

October 30, 2024

Sold for £118,000

2022

Sold for £87,500

2010

Floor Plans

Description

  • End Terraced House +

  • 15Ft Sun Lounge +

  • Spacious Corner Plot +

  • Approx. Floor Area: 71sqM or 768sqFT +

  • Council Tax Band A +

  • 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

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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