3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE15 6PU, £135,000

24 Pease Avenue, Newcastle Upon Tyne, Tyne And Wear, NE15 6PU - 3 views - 4 months ago

Sold STC
BTL
ROI: 7%
84 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£750 - £2,100

Rent Estimate

£824

Running Costs/mo

£607

Cashflow/mo

£217

Cashflow/yr

£2,608

ROI

7%

Gross Yield

7%













Local Rents

23 rents from £750/mo to £2.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95002/250.12 mi-3
£1,10002/250.37 mi-3
£95012/240.39 mi-3
£95003/250.41 mi-3
£87501/250.42 mi-3
£1,25006/240.43 miNewminster Road, Fenham, Newcastle upon Tyne, NE4 9LN3
£75005/240.44 miGrange Road, Fenham, Newcastle upon Tyne NE4 9LE3
£95012/240.47 mi-3
£95012/240.47 miOvington Grove, Newcastle Upon Tyne, NE53
£95012/240.49 mi-3
£2,10005/240.52 mi-3
£90012/240.52 mi-3
£80005/240.53 miOvington Grove, Fenham, Newcastle upon Tyne, NE53
£75006/240.54 miCastleside Road, Denton Burn, Newcastle upon Tyne, NE153
£95006/240.56 miWest Road, Westerhope, Newcastle upon Tyne, NE43
£1,15005/240.56 mi-3
£1,15006/240.56 mi-3
£89507/240.56 mi-3
£1,35012/240.56 mi-3
£1,35007/240.56 mi-3
£1,30012/240.57 miFeatherwood Avenue, Newcastle Upon Tyne3
£1,25006/240.57 miGreywood Avenue, Fenham, NE43
£1,25006/240.57 miGreywood Avenue, Fenham, NE43

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.19 miles away

Nearest school

0.20 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £135,000

November 6, 2024

Sold for £105,000

2023

Floor Plans

Description

  • End terraced house +
  • Three bedrooms +
  • Ground floor bathroom +
  • Additional WC to first floor +
  • Gardens to front and rear +
  • Freehold +
  • Council Tax Band A +
  • EPC Rating C +

Available for sale in Pendower Estate is this end terraced house. The accommodation to the ground floor briefly comprises of hallway, lounge, kitchen and bathroom.  To the first floor is a landing, three bedrooms and WC.  Externally, there are gardens to the front and rear.

The property benefits from double glazing throughout.  

The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.

Early viewing is recommended.

Council Tax Band:  A
EPC Rating:  D

PRIMARY SERVICES SUPPLY
Electricity:  Mains 
Water:  Mains  
Sewerage:  Mains  
Heating:  Gas
Broadband:  Fibre  
Mobile Signal Coverage Blackspot:  No 
Parking:  On Street 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
It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.

Agent Details

Rook Matthews Sayer, Fenham

0191 625 0784

Next Steps?

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