3 Bed Bungalow, Cash/Bridging Only, Gateshead, NE9 6XT, £130,000

Southend Road, Gateshead, NE9 6XT - 5 months ago

Cash
ROI: 2%
~99 m²
+10 photos

ValuationFair Value

Sold Prices£86.5K - £550K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~99 m²
Price/m²£1.3K/m²

Value Estimate

£130,000

 

 

End Value (After Refurb)

£207,900

Uplift in Value

+60%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£37,897

Bridging Loan Interest

£3,413

Total Cash In

£83,259

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£207,900

Agent Fees (1%)

£2,079

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£25,062

Local Sold Prices

50 sold prices from £86.5K to £550K, average is £195K. £1.1K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£170.5K09/230.09 mi11, Evenwood Gardens, Gateshead, Tyne And Wear NE9 5RT3
£232K10/200.1 mi9, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£188.5K07/210.1 mi14, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£237.5K12/220.12 mi9, Rosewood Gardens, Gateshead, Tyne And Wear NE9 5RX3
£134K02/230.13 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£115K03/210.13 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£170K04/230.15 mi2, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RR3
£280.5K01/210.16 mi18, Church Road, Gateshead, Tyne And Wear NE9 5RD3
£206K10/230.17 mi15, Larne Crescent, Gateshead, Tyne And Wear NE9 5RP3
£235K04/210.19 mi26, Larne Crescent, Gateshead, Tyne And Wear NE9 5RQ3
£215K04/220.21 mi2, Egremont Drive, Gateshead, Tyne And Wear NE9 5SE3
£291.5K12/200.22 miMaxton, Church Drive, Gateshead, Tyne And Wear NE9 5RB3
£180K04/210.22 mi7, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£170K07/210.23 mi65, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£152.5K02/210.23 mi25, Egremont Drive, Gateshead, Tyne And Wear NE9 5SE3
£160K04/210.24 mi20, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF3
£148K08/210.24 mi21, Ennerdale Gardens, Gateshead, Tyne And Wear NE9 6TQ3
£185K02/230.24 mi22, Ennerdale Gardens, Gateshead, Tyne And Wear NE9 6TQ3
£200K07/210.25 mi7, Buttermere Gardens, Gateshead, Tyne And Wear NE9 6TP3
£283K03/240.25 mi10, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS3
£168K12/230.27 mi17, Wythburn Place, Gateshead, Tyne And Wear NE9 6YT3
£165K08/240.28 mi1, Arundel Gardens, Gateshead, Tyne And Wear NE9 5YE3
£168.5K02/230.29 mi12, Bowness Place, Gateshead, Tyne And Wear NE9 6YX3
£280K01/210.29 mi85, Church Road, Gateshead, Tyne And Wear NE9 5RH3
£157K10/230.31 mi5, Penrith Gardens, Gateshead, Tyne And Wear NE9 6YN3
£550K11/220.31 miThe Shieling, Kellfield Avenue, Gateshead, Tyne And Wear NE9 5YP3
£210K06/210.31 mi21, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£215K01/210.31 mi6, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£252K08/220.31 mi17, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£100K01/230.31 mi40, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£86.5K05/240.31 mi1, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£277K06/210.32 mi2, Kells Gardens, Gateshead, Tyne And Wear NE9 5XS3
£300K11/200.32 mi4, Kells Gardens, Gateshead, Tyne And Wear NE9 5XS3
£255K12/220.32 mi22, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ3
£250K11/200.32 mi28, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD3
£285K04/230.33 mi15, Beaconsfield Avenue, Gateshead, Tyne And Wear NE9 5XT3
£335K04/240.34 mi80, Church Road, Gateshead, Tyne And Wear NE9 5XB3
£98K05/230.34 mi6, Aspenlaw, Gateshead, Tyne And Wear NE9 6SW3
£340K06/230.34 mi13, Primrose Hill, Gateshead, Tyne And Wear NE9 5XP3
£340K08/240.34 mi9, Primrose Hill, Gateshead, Tyne And Wear NE9 5XP3
£232.5K06/210.34 mi5, Whinlatter Gardens, Gateshead, Tyne And Wear NE9 6TJ3
£176.3K12/230.36 mi10, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB3
£155K09/210.36 mi70, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA3
£168K05/230.36 mi41, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA3
£255K01/210.36 mi8, Harcourt Park, Gateshead, Tyne And Wear NE9 5YA3
£260K05/220.37 mi30, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£190K03/230.37 mi44, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£118K01/240.37 mi19, Seascale Place, Gateshead, Tyne And Wear NE9 6YP3
£90K08/230.38 mi16, Bramblelaw, Gateshead, Tyne And Wear NE9 6RX3
£95K01/210.38 mi36, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3

Local Rents

18 rents from £700/mo to £1.6K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£1,20003/250.2 mi-3
£85007/240.23 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£89506/240.31 miFlorence Avenue, Low Fell, Gateshead, NE93
£72506/240.31 mi-3
£72506/240.31 miFernlough, Gateshead, NE93
£70006/240.32 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£1,39506/240.36 miChurch Road, Low Fell3
£79507/240.41 mi-3
£79507/240.41 miSheriffs Highway, Gateshead, NE93
£89905/240.41 mi-3
£89506/240.42 miCherrytree Gardens, Low Fell3
£1,29506/240.45 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£77506/240.51 miWesley Street, Low Fell, Gateshead3
£1,45003/230.56 mi-3
£1,40004/230.56 mi-3
£1,65008/240.56 mi-3
£1,50006/240.56 miJoicey Road, Gateshead, NE93
£79502/240.6 mi-3

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Price changed to £130,000

February 12, 2025

Price changed to £140,000

January 7, 2025

Listed for £150,000

November 1, 2024

Floor Plans

Description

  • Two/Three Bedroom Bungalow +

  • No Chain Involved +

  • Some Updating Required +

  • Approx. Floor Area: 99sqM or 1,066sqFT +

  • Council Tax Band B +

  • EPC RATING D +

Two/Three bedroom semi detached bungalow with loft conversion and no chain involved. Some updating required.

Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.

Comprises: entrance hall, part tiled bathroom/WC with white suite and heated towel rail, front single bedroom, bay fronted double bedroom/reception room, lounge/dining room with French doors to rear, stairs to first floor and opens into kitchen area with built-in gas hob and electric oven, storage cupboard, first floor landing, loft bedroom with Velux window and the benefit of two useful storage areas.

External - A driveway to the front provides off road parking for up to two vehicles, whilst to the rear there is a raised decked patio style garden.

Gas heating system and double glazing.

Permit Parking available via Gateshead Council - we believe this to be £25 per year but must be confirmed with Gateshead Council directly.

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 most cases.

QLF240408/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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