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











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

£2,832

ROI

9%

Gross Yield

8%













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 💪

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