2 Bed Terraced House, Single Let, Gateshead, NE10 0JD, £70,000

Helmsdale Avenue, Felling, Gateshead, Tyne And Wear, NE10 0JD - 5 months ago

Sold STC
BTL
ROI: 13%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£62K - £270K
Sold Prices/m²£823/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£85,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£595 - £1,800

Rent Estimate

£600

Running Costs/mo

£359

Cashflow/mo

£241

Cashflow/yr

£2,895

ROI

13%

Gross Yield

10%

Local Sold Prices

52 sold prices from £62K to £270K, average is £115K. £823/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£84.5K10/220 mi32, Helmsdale Avenue, Gateshead, Tyne And Wear NE10 0JD2
£70K01/230.06 mi38, Helmsdale Avenue, Gateshead, Tyne And Wear NE10 0JD2
£76K04/230.29 mi40, Friary Gardens, Gateshead, Tyne And Wear NE10 0AJ2
£125K08/210.44 mi10, Ellerbeck Close, Gateshead, Tyne And Wear NE10 9TG2
£116.5K12/200.48 mi15, Acacia Road, Gateshead, Tyne And Wear NE10 0DU2
£100K05/210.52 mi3, Picherwell, Gateshead, Tyne And Wear NE10 9EB2
£132.5K09/210.52 mi36, Coldwell Park Drive, Gateshead, Tyne And Wear NE10 9BY2
£160K09/230.52 mi38, Coldwell Park Drive, Gateshead, Tyne And Wear NE10 9BY2
£96K08/210.54 mi3, Monksfeld, Felling, Gateshead, Tyne And Wear NE10 9UP2
£97K05/210.54 mi4, Mersey Road, Gateshead, Tyne And Wear NE8 3SR2
£92.6K01/210.55 mi25, Balmoral Way, Felling, Gateshead, Tyne And Wear NE10 9TR2
£140K06/210.55 mi23, Elldene Crescent, Gateshead, Tyne And Wear NE10 9UN2
£106K03/230.56 mi17, The Haynyng, Felling, Gateshead, Tyne And Wear NE10 9DX2
£104K05/210.56 mi64, Chilside Road, Gateshead, Tyne And Wear NE10 9EA2
£127K05/230.57 mi27, Heworth Burn Crescent, Gateshead, Tyne And Wear NE10 0PH2
£115K07/230.6 mi17, The Cotgarth, Gateshead, Tyne And Wear NE10 9UT2
£115K07/230.6 mi17, The Cotgarth, Gateshead, Tyne And Wear NE10 9UT2
£136K07/230.6 mi13, Rectory Road, Felling, Gateshead, Tyne And Wear NE10 9DH2
£62K06/210.63 mi41, Nursery Lane, Gateshead, Tyne And Wear NE10 9TE2
£95K05/230.63 mi6, Kings Close, Gateshead, Tyne And Wear NE8 3PW2
£108K02/210.64 mi14, Swards Road, Gateshead, Tyne And Wear NE10 9UR2
£156K06/230.64 mi10, Swards Road, Gateshead, Tyne And Wear NE10 9UR2
£85K12/200.66 mi14, Thornygarth, Gateshead, Tyne And Wear NE10 9UU2
£115K04/210.66 mi12, Thornygarth, Gateshead, Tyne And Wear NE10 9UU2
£117K09/210.67 mi3, Hopper Road, Gateshead, Tyne And Wear NE10 9TJ2
£97.5K06/230.68 mi34, Gainsborough Crescent, Gateshead, Tyne And Wear NE9 5NX2
£111K02/210.69 mi28, Doddington Villas, Gateshead, Tyne And Wear NE10 9DB2
£122K06/230.7 mi1, Greenbourne Gardens, Gateshead, Tyne And Wear NE10 9TD2
£87.2K12/230.7 mi143, Split Crow Road, Gateshead, Tyne And Wear NE8 3UA2
£125K10/210.71 mi17, Cooperative Terrace, Gateshead, Tyne And Wear NE10 9BT2
£136.1K10/220.71 mi15, Cooperative Terrace, Gateshead, Tyne And Wear NE10 9BT2
£115K03/230.72 mi67, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£130K02/240.74 mi1, St Vincent Court, Gateshead, Tyne And Wear NE8 3DZ2
£130K02/240.74 mi1, St Vincent Court, Gateshead, Tyne And Wear NE8 3DZ2
£109K07/210.74 mi17b, St Albans Crescent, Gateshead, Tyne And Wear NE10 9SR2
£115.3K11/220.75 mi17, Parkin Gardens, Gateshead, Tyne And Wear NE10 9XB2
£96.5K06/210.75 mi199, Carr Hill Road, Gateshead, Tyne And Wear NE9 5NB2
£97.5K07/230.76 mi60, Millbrook, Gateshead, Tyne And Wear NE10 9XW2
£125K06/230.77 mi2, Wardle Gardens, Gateshead, Tyne And Wear NE10 9XA2
£142K06/210.77 mi11, Highfield Road, Gateshead, Tyne And Wear NE8 3SE2
£100K03/240.78 mi122, Kingston Road, Gateshead, Tyne And Wear NE8 3UJ2
£105K03/240.78 mi194, Carr Hill Road, Gateshead, Tyne And Wear NE9 5NA2
£131K12/220.79 mi3, Mill View, Gateshead, Tyne And Wear NE10 9SU2
£131.6K08/210.8 mi145, St Cuthberts Drive, Gateshead, Tyne And Wear NE10 9AD2
£210K12/230.81 mi27, The Ropery, Newcastle Upon Tyne, Tyne And Wear NE6 1TY2
£122K10/230.83 mi32, Evistones Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3RS2
£77K02/210.84 mi80, Broadway, Gateshead, Tyne And Wear NE9 5QB2
£140K02/230.85 mi20, Highfield Court, Gateshead, Tyne And Wear NE10 9LH2
£178K05/230.85 mi29, Churchill Mews, Newcastle Upon Tyne, Tyne And Wear NE6 1BH2
£100K08/240.87 mi52, Ellison Villas, Gateshead, Tyne And Wear NE8 3RX2
£270K06/230.87 mi27, Colegate West, Gateshead, Tyne And Wear NE10 9AH2
£135K11/200.88 mi9, Warburton Crescent, Gateshead, Tyne And Wear NE9 5LJ2

Local Rents

22 rents from £595/mo to £1.8K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£62507/240.06 miMulberry Street, Gateshead, Tyne And Wear, NE102
£65005/240.12 miCollingwood Street, Gateshead2
£75006/240.17 miSt. Johns Place, Gateshead2
£59505/240.37 miAsher Street, Gateshead, NE92
£65002/250.39 mi-2
£70008/240.41 mi-2
£69505/240.44 miHewitson Terrace, Felling, NE102
£87506/240.44 mi-2
£62507/240.45 miKensington Court, Nursery Lane, Gateshead, Tyne and wear, NE10 9UD2
£62505/240.45 miKensington Court, Felling, Gateshead, NE102
£80010/240.48 mi-2
£71005/240.48 miAcacia Road, Gateshead, Tyne And Wear, NE102
£71007/240.51 miMarigold Avenue, Gateshead, Tyne And Wear, NE102
£69510/240.54 mi-2
£60005/240.54 miSandringham Court, Felling, Gateshead, Tyne & Wear, NE10 9UB2
£85006/240.55 miBishops Park Road, Gateshead2
£65007/240.55 miSunderland Road, Gateshead, NE82
£65007/240.55 mi-2
£69507/240.56 miThe Haynyng, Gateshead, Tyne And Wear, NE102
£1,80006/240.58 mi-2
£75005/240.6 miSt. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY2
£60003/250.61 mi-2

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £70,000

November 1, 2024

Floor Plans

Description

  • MID TERRACE HOUSE +
  • TWO BEDROOMS +
  • DECEPTIVELY SPACIOUS +
  • PEDESTRIANISED FRONTAGE +
  • FRONT GARDEN / PRIVATE REAR YARD +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • CLOSE TO FELLING METRO +
  • COUNCIL TAX BAND A +

MAIN DESCRIPTION
Belle Vue Estates offer to the sales market this deceptively spacious mid terrraced house located on a pleasant pedestrianised walkway.
The accommodation has gas central heating and double glazing throughout and does require a little updating.

The internal layout briefly comprises hallway with stairs leading up to the first floor, good size living room with bay window overlooking the front garden, fitted kitchen and a rear lobby leading to the downstairs bathroom.
The first floor landing allows access into two well proportioned bedrooms.
Externally the property boasts a private rear yard with gated access. To the front elevation is a fenced garden. Ample on street parking is available to the rear of the property.

Located in this ever popular residential area with fantastic transport links via A184 Felling bypass and a couple of minutes walk from Felling Metro station also great bus routes throughout the area.
The accommodation is in close proximity to local schools, shops, pubs and restaurants. This will make an excellent addition to any buy to let portfolio also a good first time purchase for a young family. Early viewing is essential to avoid dissapointment.

ENTRANCE HALL
6' 8" x 3' 1" (2.046m x 0.963m)
The property is accessed via a UPVC front door which leads into a hallway with stairs leading up to the first floor accommodation. Laminate flooring and central heating radiator.

LIVING ROOM
12' 6" x 13' 5" (3.819m x 4.103m)
A double glazed bay window overlooks the front garden. The room is warmed via a double central heating radiator and benefits from laminate floor.

KITCHEN
18' 9" x 7' 10" (5.720m x 2.400m)
Located to the rear of the property the kitchen is fitted with beech effect wall and base units with contrasting worktops and breakfast bar. The kitchen has an integrated gas hob, oven and extractor hood also a stainless steel sink and drainer unit with plumbing for a washing machine. Good size under stair storage cupboard, central heating radiator, partially tiled walls and laminate flooring. With two double glazed windows overlooking the private rear yard.

REAR LOBBY
3' 0" x 2' 7" (0.916m x 0.792m)
A partially glazed UPVC external door gives access to the rear elevation. Laminate flooring and bathroom access.

BATHROOM
7' 0" x 6' 10" (2.151m x 2.086m)
The bathroom has a white panelled bath, pedestal hand basin and low level WC. The room has partial PVC walls, laminate flooring, central heating radiator and wall mounted combi boiler. A double glazed window with privacy glass to the rear elevation.

HALF LANDING
5' 8" x 3' 2" (1.746m x 0.966m)
The staircase leads up to a half landing with Velux window with a further three stairs up to the landing.

LANDING
3' 6" x 2' 6" (1.070m x 0.765m)
Loft access and doors leading into both bedrooms.

BEDROOM ONE
18' 11" x 10' 2" (5.787m x 3.103m)
Located to the front of the property with a double glazed window overlooking the front garden and pedestrianised frontage. The room retains the original cornicing and is warmed via a double central heating radiator.

BEDROOM TWO
12' 7" x 8' 7" (3.844m x 2.631m)
The room benefits from both a Velux window and double glazed window to the rear elevation. Warmed by a central heating radiator.

EXTERNALLY
Externally the property boasts a private rear yard with gated access. To the front elevation is a fenced garden. Ample on street parking is available to the rear of the property.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a guide only for prospective purchasers and may not be precise. Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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