3 Bed Terraced House, Cash/Bridging Only, Newcastle upon Tyne, NE6 1TT, £250,000

11 Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear, NE6 1TT - 2 views - 5 months ago

Sold STC
Cash
ROI: 1%
90 m²
+18 photos

ValuationOvervalued

Sold Prices£50K - £351K
Sold Prices/m²£649/m² - £3K/m²

 

 

Square Metres

90 m²
Price/m²£2.8K/m²

Value Estimate

£156,168

 

 

End Value (After Refurb)

£222,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£34,452

Bridging Loan Interest

£6,563

Total Cash In

£113,964

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,500

Mortgage (After Refinance)

£166,875

Mortgage LTV

75%

Cash Left In

£113,964

Equity

£55,625

Rent Range

£650 - £1,500

Rent Estimate

£1,019

Running Costs/mo

£919

Cashflow/mo

£100

Cashflow/yr

£1,199

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £50K to £351K, average is £120K. £649/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£250K10/230 mi12, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT3
£230K11/200 mi3, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT3
£275.5K01/230.01 mi8, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT3
£250K02/230.01 mi5, Dobson Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 1TT3
£325K12/230.07 mi31, Merchants Wharf, Newcastle Upon Tyne, Tyne And Wear NE6 1TR3
£240K03/230.07 mi41, Merchants Wharf, Newcastle Upon Tyne, Tyne And Wear NE6 1TR3
£262.5K05/230.07 mi36, Merchants Wharf, Newcastle Upon Tyne, Tyne And Wear NE6 1TR3
£333K08/230.15 mi20, Trinity Courtyard, Newcastle Upon Tyne, Tyne And Wear NE6 1TS3
£351K06/230.15 mi32, Trinity Courtyard, Newcastle Upon Tyne, Tyne And Wear NE6 1TS3
£262.5K11/200.15 mi39, Trinity Courtyard, Newcastle Upon Tyne, Tyne And Wear NE6 1TS3
£305K11/230.15 mi29, Trinity Courtyard, Newcastle Upon Tyne, Tyne And Wear NE6 1TS3
£70K09/230.24 mi2, Janet Square, Newcastle Upon Tyne, Tyne And Wear NE6 2AZ3
£60K05/230.31 mi49, Chatsworth Gardens, St Anthonys, Newcastle Upon Tyne, Tyne And Wear NE6 2TN3
£128K04/240.33 mi191, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£120K12/220.36 mi182, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD3
£120K01/240.4 mi70, Beresford Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 2EL3
£82.5K11/200.42 mi55, Kingston Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2SR3
£147.5K12/230.44 mi2, Rodney Street, Newcastle Upon Tyne, Tyne And Wear NE6 1RJ3
£115K03/230.45 mi86, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£109K01/240.45 mi45, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£107K05/240.51 mi60, Norbury Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2TB3
£77K06/210.54 mi18, Chirton Wynd, Newcastle Upon Tyne, Tyne And Wear NE6 2PW3
£88K07/230.55 mi8, Brock Street, Newcastle Upon Tyne, Tyne And Wear NE6 1QY3
£153K12/200.58 mi117, Redgrave Close, Gateshead, Tyne And Wear NE8 3JT3
£90.5K09/230.62 mi11, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH3
£50K04/230.62 mi15, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH3
£86.5K06/230.62 mi128, Headlam Street, Newcastle Upon Tyne, Tyne And Wear NE6 1EB3
£78K11/230.63 mi2, Spires Lane, Newcastle Upon Tyne, Tyne And Wear NE6 2NT3
£187.5K12/200.64 mi58, Redgrave Close, Gateshead, Tyne And Wear NE8 3JE3
£75K03/210.65 mi106, Evistones Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3RU3
£80K04/210.66 mi27, Eastwood Gardens, Felling, Gateshead, Tyne And Wear NE10 0AH3
£99.5K04/210.66 mi4, Renwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JE3
£137K05/210.67 mi159, Sanderson Villas, Gateshead, Tyne And Wear NE8 3BZ3
£170K11/210.67 mi30, Renforth Close, Gateshead, Tyne And Wear NE8 3JB3
£138K04/210.67 mi6, Renforth Close, Gateshead, Tyne And Wear NE8 3JB3
£145K11/230.67 mi29, Ovett Gardens, Gateshead, Tyne And Wear NE8 3JH3
£160K03/230.67 mi39, Ovett Gardens, Gateshead, Tyne And Wear NE8 3JH3
£200.3K06/210.68 mi41, Renforth Close, Gateshead, Tyne And Wear NE8 3JF3
£110K04/230.68 mi188, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2NJ3
£70K01/240.7 mi35, Clive Place, Newcastle Upon Tyne, Tyne And Wear NE6 1DE3
£115K01/230.7 mi17, Kennington Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2QA3
£91K11/200.72 mi68, Cresswell Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JB3
£85.5K03/210.73 mi66, Cullercoats Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JA3
£100K05/210.76 mi21, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PD3
£90K12/220.78 mi31, Emily Street, Newcastle Upon Tyne, Tyne And Wear NE6 2QY3
£85K12/200.82 mi29, Lancefield Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2NP3
£147.5K03/230.82 mi15, Bishops Park Road, Gateshead, Tyne And Wear NE8 3FF3
£150K03/230.82 mi21, Bishops Park Road, Gateshead, Tyne And Wear NE8 3FF3
£99K01/230.84 mi184, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£175K10/220.84 mi110, Chaucer Close, Gateshead, Tyne And Wear NE8 3NQ3

Local Rents

15 rents from £650/mo to £1.5K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,50005/240.15 miTrinity Courtyard, Newcastle Upon Tyne3
£1,14005/240.25 mi-3
£79502/250.34 mi-3
£82503/250.38 mi-3
£1,00005/240.41 mi20 The Oval, Newcastle upon Tyne, NE6 3LH3
£75005/240.43 miAllendale Road, Walker, Newcastle Upon Tyne, Tyne & Wear, NE63
£1,15006/240.44 mi-3
£1,15006/240.44 mi-3
£1,15006/240.44 miLamerton Avenue, Walker, Newcastle Upon Tyne, NE63
£90005/240.54 miBrinkburn Street, Newcastle upon Tyne, Tyne and Wear, NE63
£80006/240.54 miWalker Road, ., Newcastle upon Tyne, Tyne and Wear, NE6 3JT3
£92502/250.55 mi-3
£65006/240.57 miBothal Street, Newcastle Upon Tyne, NE63
£65002/250.59 mi-3
£1,10002/250.62 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.44 miles away

Nearest school

0.50 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £250,000

October 30, 2024

Sold for £227,500

2019

Sold for £65,000

1997

Floor Plans

Description

  • End Terraced Home +
  • Accommodation Over Three Floors +
  • Three Bedrooms +
  • Integral Garage +
  • Ground Floor WC +
  • Utility Space +
  • Private Rear Yard +
  • Fantastic location in St Peter's Basin +

Jan Mitchell Properties are delighted to welcome to the market this spacious three story, end-terrace townhouse which is perfectly located on Dobson Crescent within the sought-after St. Peter's Basin Development. Originally built in 1989, along the banks of the River Tyne, St. Peter's Basin offers a superb quality of life close to Newcastle's city centre.

The property briefly comprises:- An inviting hallway with stairs to the first floor, under-stairs storage, a ground floor WC, and rear door access to the garden; utility room with access to the integral garage. The first-floor landing leads to a spacious lounge and dining area with dual southwest-facing windows, and a full-width kitchen diner, with fitted wall and floor units, work surfaces, and dual windows. On the second floor, the landing with a storage cupboard opens to three bedrooms, two doubles, including the primary bedroom with fitted wardrobe storage, and a family bathroom with a three-piece suite. Externally, a front driveway leads to the integral garage, both offering off-street parking, and the enclosed rear garden features patio area and gated access.

Location
St. Peter's Basin and Marina is ideally situated in a highly desirable area, just moments from Newcastle Quayside. The property offers easy access to a variety of amenities, popular bars, and restaurants, along with excellent connections to Newcastle City Centre by public transport or picturesque walking paths.

Measurements
Lounge/Diner - 4.73 x 5.29
Kitchen - 4.73 x 2.66
Bedroom One - 2.54 x 4.20
Bedroom Two - 2.54 x 3.85
Bedroom Three - 2.03 x 3.19

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: D (Newcastle City Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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