3 Bed Terraced House, Single Let, Cramlington, NE23 2YD, £110,000

Oulton Close, Cramlington, NE23 2YD - 5 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£85K - £235K
Sold Prices/m²£987/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£700 - £950

Rent Estimate

£795

Running Costs/mo

£523

Cashflow/mo

£272

Cashflow/yr

£3,267

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £85K to £235K, average is £160K. £987/m² to £2.7K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£210K11/230.01 mi3, Oulton Close, Cramlington, Northumberland NE23 2YD3
£136.9K03/230.04 mi8, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YW3
£125K05/210.04 mi18, Oxford Avenue, Cramlington, Northumberland NE23 2YW3
£220K12/200.04 mi24, Oxford Avenue, Cramlington, Northumberland NE23 2YW3
£185K11/210.04 mi7, Oakley Drive, Cramlington, Northumberland NE23 2YB3
£170K10/230.04 mi1, Oakley Drive, Cramlington, Northumberland NE23 2YB3
£235K08/210.06 mi42, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL3
£118.5K04/210.08 mi10, Olney Close, Cramlington, Northumberland NE23 2YN3
£175K07/210.08 mi15, Oakley Drive, Cramlington, Northumberland NE23 2YF3
£130K02/240.12 mi16, Hexham Avenue, Cramlington, Northumberland NE23 2FG3
£142.5K11/230.12 mi4, Hexham Avenue, Cramlington, Northumberland NE23 2FG3
£177K06/210.12 mi15, Orpington Road, Cramlington, Northumberland NE23 2YQ3
£190K03/210.12 mi31, Orpington Road, Cramlington, Northumberland NE23 2YQ3
£191.5K07/230.15 mi15, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£160K08/210.15 mi10, Torwood Court, Cramlington, Northumberland NE23 2BZ3
£145K12/220.16 mi98, Tindale Avenue, Cramlington, Northumberland NE23 2DB3
£145K08/210.17 mi31, Huntingdon Drive, Cramlington, Northumberland NE23 2FB3
£151K10/230.17 mi34, Huntingdon Drive, Cramlington, Northumberland NE23 2FB3
£152K04/240.19 mi64, Mayfield Avenue, Cramlington, Northumberland NE23 2AA3
£228K12/220.2 mi70, Porchester Drive, Cramlington, Northumberland NE23 2QH3
£192.5K07/210.2 mi18, Hampton Close, Cramlington, Northumberland NE23 2FD3
£140K05/210.2 mi25, Fernley Villas, Cramlington, Northumberland NE23 2AG3
£85K09/230.21 mi42, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£97K01/210.21 mi32, Tindale Avenue, Cramlington, Northumberland NE23 2BS3
£160K07/230.23 mi20, Portland Gardens, Cramlington, Northumberland NE23 2QD3
£125K11/220.24 mi35, Tindale Avenue, Cramlington, Northumberland NE23 2BP3
£177.5K01/210.24 mi103, Porchester Drive, Cramlington, Northumberland NE23 2QQ3
£195K11/230.25 mi44, Hazelmere Crescent, Cramlington, Northumberland NE23 2FJ3
£116K08/230.26 mi40, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£180K01/240.26 mi7, Sea View Villas, Cramlington, Northumberland NE23 2AD3
£127K11/220.26 mi26, Tangmere Close, Cramlington, Northumberland NE23 2EJ3
£180K12/220.28 mi21, Purbeck Gardens, Cramlington, Northumberland NE23 2QG3
£215K08/240.29 mi4, Porchester Drive, Cramlington, Northumberland NE23 2QA3
£170K11/230.3 mi32, Village Road, Cramlington, Northumberland NE23 2AJ3
£219.9K07/230.3 mi1, Poole Close, Cramlington, Northumberland NE23 2QB3
£220K09/230.3 mi10, Poole Close, Cramlington, Northumberland NE23 2QB3
£109K03/210.33 mi8, Drybeck Court, Cramlington, Northumberland NE23 2GB3
£220K04/210.35 mi170, Ringwood Drive, Cramlington, Northumberland NE23 1NT3
£100K08/210.35 mi36, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£120K04/240.35 mi42, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£123K12/230.35 mi4, Thirston Drive, Cramlington, Northumberland NE23 2BY3
£218K12/200.35 mi8, Knutsford Walk, Cramlington, Northumberland NE23 2XF3
£110K05/210.35 mi1, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£170K04/240.35 mi57, Barrasford Road, Cramlington, Northumberland NE23 6TD3
£172K03/210.36 mi5, Kirkbride Place, Cramlington, Northumberland NE23 2XQ3
£95K07/230.36 mi37, Kirkbride Place, Cramlington, Northumberland NE23 2XQ3
£133K11/200.36 mi27, Kirkbride Place, Cramlington, Northumberland NE23 2XQ3
£162K02/230.36 mi31, Kirkbride Place, Cramlington, Northumberland NE23 2XQ3
£128K05/210.39 mi13, Chatton Avenue, Cramlington, Northumberland NE23 6TA3
£135K05/240.39 mi40, Chatton Avenue, Cramlington, Northumberland NE23 6TA3

Local Rents

11 rents from £700/mo to £950/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£82505/240.08 miOakley Drive, Cramlington, Northumberland, NE23 2YF3
£79505/240.26 miTangmere Close, Cramlington3
£95005/240.35 miRingwood Drive, Cramlington, NE233
£90006/240.48 miSouth View Place, Cramlington, Northumberland, NE233
£80006/240.48 miChipchase Avenue, Cramlington3
£80007/240.49 mi-3
£80007/240.49 miKendal Drive, Cramlington, NE233
£80006/240.51 miChipchase Avenue, Cramlington, NE233
£70005/240.56 mi-3
£79506/240.62 miAlderley Way, Cramlington, Northumberland, NE23 2UF3
£95006/240.62 miFilton Close, Cramlington, Northumberland, NE23 1RZ3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.83 miles away

Nearest school

0.30 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £110,000

November 5, 2024

Description

  • No onward chain +
  • Three bedrooms +
  • Ideal investment +
  • Well located for local schools and amenities +
  • Gardens to the front and rear +
  • Garage in block +
  • EPC: D +
  • Council tax band A +
  • Leasehold-Term : 125 years from and including 25 December 2016 +
  • Note-Vendors have advised the property will be FREEHOLD on completion. +

An ideal investment or first time buyer property for those looking for a project on Oulton Close, Cramlington. Well located for access to the NSECH hospital in Cramlington, the property is also close to shops, schools and amenities and has good road and transport links for those commuting a little further afield. Ready to view now the accommodation comprises briefly; entrance hall with double doors to the lounge, kitchen/diner, stairs to the first floor landing, three bedrooms and family bathroom. Externally there are gardens to the front and rear and a separate garage nearby block. Early viewings are advised.
Note-Vendors have advised the property will be FREEHOLD on completion.

Entrance
UPVC entrance door.
Lounge 15’09ft x 14’09ft max (4.80m x 4.50m)
Double glazed window to front, double radiator, fire surround, wood flooring, television point.
Kitchen/dining room 9’01ft x 14’09ft (2.77m x 4.50m)
Two double glazed windows to the rear, radiator, fitted with a range of wall, floor and drawer units with co-ordinating roll edge work surfaces, stainless steel sink unit and drainer with mixer tap, space for cooker and fridge and freezer, plumbed for washing machine, laminate flooring, double glazed door to the rear. 
First Floor Landing 
Built in storage cupboard housing combi boiler. 
Bedroom One 8’05ft x 13’07ft max (2.57m x 4.15m) 
Double glazed window to front, single radiator, laminate flooring. 
Bedroom Two 8’05ft x 10’08ft inc alcove (2.57m x 3.25m) 
Double glazed window to the rear, single radiator, loft access. 
Bedroom Three 8’11ft plus recess x 6’01ft (2.72m x 1.85m) 
Double glazed window to the front, single radiator. 
Bathroom 5’10ft x 6’01ft (1.79m x 1.85m) 
Three-piece white suite comprising of; panelled bath with electric shower over, pedestal wash hand basin, low level wc, double glazed window to the rear, single radiator, laminate flooring. 
External 
Front garden laid mainly to lawn. Rear garden laid mainly to lawn, patio area. 

PRIMARY SERVICES SUPPLY
Electricity: mains
Water: mains
Sewerage: mains
Heating: mains
Broadband: none
Mobile Signal Coverage Blackspot: no
Parking: no parking

MINING 
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any. 

TENURE
Leasehold.  It is understood that this property is leasehold. Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years from and including 25 December 2016
Ground Rent: no ground rent
Service Charge: no service charge 

COUNCIL TAX BAND: A
EPC RATING:  D

BD008287CM/SO4.11.24.V.1

Agent Details

Rook Matthews Sayer, Bedlington

01670 332298

Next Steps?

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