3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE6 2JA, £110,000

Cullercoats Street, Newcastle upon Tyne, NE6 2JA - 6 views - 4 months ago

Sold STC
BTL
ROI: 9%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£60K - £205K
Sold Prices/m²£788/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£131,409
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£650 - £2,300

Rent Estimate

£750

Running Costs/mo

£514

Cashflow/mo

£236

Cashflow/yr

£2,835

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £205K, average is £115K. £788/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£85.5K03/210.01 mi66, Cullercoats Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JA3
£91K11/200.03 mi68, Cresswell Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JB3
£90K12/220.08 mi31, Emily Street, Newcastle Upon Tyne, Tyne And Wear NE6 2QY3
£99.5K04/210.1 mi4, Renwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JE3
£99K01/230.11 mi184, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£100K05/240.14 mi398, Grace Street, Newcastle Upon Tyne, Tyne And Wear NE6 2RQ3
£115K01/230.17 mi17, Kennington Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2QA3
£100K07/240.18 mi218, Orpington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RG3
£100K05/210.2 mi21, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PD3
£115K08/210.21 mi10, Finsbury Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4BQ3
£127K10/200.21 mi92, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RE3
£110K03/230.26 mi35, Orpington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RL3
£172K04/230.27 mi548, Welbeck Road, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£147.5K10/230.27 mi542, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£107K05/240.29 mi60, Norbury Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2TB3
£93K04/230.3 mi25, Lownds Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 4BD3
£160K02/210.33 mi83, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HA3
£77K06/210.36 mi18, Chirton Wynd, Newcastle Upon Tyne, Tyne And Wear NE6 2PW3
£123K07/210.38 mi15, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4AA3
£120K12/220.38 mi182, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD3
£155K09/210.38 mi7, Mead Walk, Newcastle Upon Tyne, Tyne And Wear NE6 4HB3
£142K02/240.4 mi38, Crawford Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BA3
£103K06/210.41 mi21, Chathill Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BB3
£95K12/200.42 mi32, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4EX3
£78K11/230.42 mi2, Spires Lane, Newcastle Upon Tyne, Tyne And Wear NE6 2NT3
£128K04/240.43 mi191, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£129K05/210.45 mi4, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HD3
£82.5K11/200.46 mi55, Kingston Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2SR3
£105K12/200.47 mi11, Branxton Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 3BJ3
£115K03/230.47 mi86, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£109K01/240.47 mi45, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£125K06/240.47 mi15, Melton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3BH3
£175K06/210.49 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£86.5K06/230.5 mi128, Headlam Street, Newcastle Upon Tyne, Tyne And Wear NE6 1EB3
£120K01/240.51 mi70, Beresford Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 2EL3
£110K04/230.51 mi188, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2NJ3
£175K06/210.52 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£70K09/230.52 mi2, Janet Square, Newcastle Upon Tyne, Tyne And Wear NE6 2AZ3
£60K05/230.52 mi49, Chatsworth Gardens, St Anthonys, Newcastle Upon Tyne, Tyne And Wear NE6 2TN3
£175K10/230.52 mi38, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HY3
£187K05/210.53 mi5, West Farm Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JA3
£205K02/240.53 mi44, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£141.8K02/240.53 mi88, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£198.5K01/230.54 mi48, Calderdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HN3
£132.5K07/230.54 mi21, Hexham Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3AL3
£83K11/200.54 mi55, Hexham Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3AL3
£180.5K11/220.57 mi25, Iolanthe Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4QS3
£155K09/210.58 mi5, Jackson Street, Newcastle Upon Tyne, Tyne And Wear NE6 4EL3
£190K11/220.58 mi21, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3
£164K10/200.59 mi15, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3

Local Rents

20 rents from £650/mo to £2.3K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£90012/230.07 mi-3
£95003/250.07 mi-3
£1,00011/240.21 mi-3
£70001/250.25 mi-3
£65002/250.26 mi-3
£2,10008/240.26 mi-3
£2,10011/240.26 mi-3
£2,10001/250.26 mi-3
£2,30002/250.26 mi-3
£2,20002/240.26 mi-3
£2,20004/240.26 mi-3
£92502/250.28 mi-3
£65006/240.28 miBothal Street, Newcastle Upon Tyne, NE63
£75005/240.31 miAllendale Road, Walker, Newcastle Upon Tyne, Tyne & Wear, NE63
£82503/250.37 mi-3
£79511/240.48 mi-3
£79502/250.52 mi-3
£87501/250.52 mi-3
£1,14005/240.54 mi-3
£87502/250.6 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

November 5, 2024

Floor Plans

Description

  • Downstairs WC +
  • Great Investment +
  • Great Location +
  • Investment Opportunity +
  • Long Term Tenant +
  • No Chain +
  • On-Street Parking +
  • Rent from Day 1 +
  • Three Bedroom Terrace House +

Welcome to Cullercoats Street. This property is a three-bedroom, one-bathroom terraced house on Cullercoats Street, Newcastle Upon Tyne. Keep reading to find out what makes this property unique!

Great Investment- Tenant in Situ:

This property comes with a fantastic investment opportunity as it currently has a tenant in situ generating a 10% yield. Whether you're an experienced investor or looking to start your property investment journey, having a reliable tenant already in place provides immediate rental income and reduces any initial void periods.

Prime Location:

This property enjoys a prime location with easy access to essential amenities as well as being only a 9-minute drive to Newcastle City Centre. It is also only a 4-minute drive to the nearest metro station, Byker. Its convenient position ensures the property will always attract tenants.

No Chain:

The property is offered for sale with no onward chain, streamlining the buying process and allowing for a smooth and hassle-free transaction. Buyers can proceed with confidence, knowing that there are no delays or complications associated with a chain.

Downstairs you are greeted by a bright living room that features laminate flooring which allows for simple upkeep of the floors. As you walk through there is an open plan kitchen with space for a dining area. The kitchen has freestanding appliances including a cooker, washing machine and fridge. The ground floor also has a small WC.

Upstairs there are three bedrooms, two spacious double bedrooms, and one single bedroom. You also have one family bathroom, complete with a bath and detachable shower head.

Externally you have a small yard to the front of the property as well as on street parking. There is also a semi-enclosed yard to the rear of the house.

This house is located near many local amenities such as a hospital, schools, shops, takeaways, and other everyday necessities.

Early viewing is highly recommended.

Council Tax Band: A (Newcastle City Council)
Tenure: Freehold

Agent Details

NGU HOMES, Gateshead

0191 625 0172

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪