3 Bed Semi-Detached House, Single Let, Gateshead, NE10 8EP, £175,000

Cole Gardens, Wardley, NE10 8EP - 5 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£99K - £225K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£147,250

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£725 - £1,000

Rent Estimate

£747

Running Costs/mo

£716

Cashflow/mo

£31

Cashflow/yr

£369

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £99K to £225K, average is £143.6K. £1.1K/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£125K10/200.04 mi21, Bevan Gardens, Gateshead, Tyne And Wear NE10 8EE3
£152K03/230.04 mi9, Bevan Gardens, Gateshead, Tyne And Wear NE10 8EE3
£145K05/230.06 mi70, Keir Hardie Avenue, Gateshead, Tyne And Wear NE10 8EJ3
£146K11/200.06 mi66, Keir Hardie Avenue, Gateshead, Tyne And Wear NE10 8EJ3
£150K02/210.07 mi3, Grange Court, Gateshead, Tyne And Wear NE10 8EY3
£122.5K03/210.08 mi1, Webb Gardens, Gateshead, Tyne And Wear NE10 8EH3
£120K02/210.09 mi1, Henderson Gardens, Gateshead, Tyne And Wear NE10 8EQ3
£210K04/230.11 mi47, Sunderland Road Villas, Gateshead, Tyne And Wear NE10 8HD3
£192K07/230.13 mi21, Lansbury Gardens, Gateshead, Tyne And Wear NE10 8UB3
£141K11/200.13 mi12, Bolburn, Gateshead, Tyne And Wear NE10 8XB3
£134K02/230.14 mi17, Lansbury Gardens, Gateshead, Tyne And Wear NE10 8UB3
£125K08/230.14 mi77, Coniston, Gateshead, Tyne And Wear NE10 0XD3
£118K10/210.17 mi5, Warrenmor, Gateshead, Tyne And Wear NE10 8XD3
£225K02/230.2 mi14, Laburnum Avenue, Gateshead, Tyne And Wear NE10 8HH3
£177K11/200.2 mi19, Laburnum Avenue, Gateshead, Tyne And Wear NE10 8HH3
£165K05/230.2 mi14, Thirlmere, Gateshead, Tyne And Wear NE10 0XJ3
£146K04/210.2 mi1, Fossefeld, Gateshead, Tyne And Wear NE10 8XE3
£105K04/210.2 mi9, Fossefeld, Gateshead, Tyne And Wear NE10 8XE3
£135K03/220.2 mi35, Fossefeld, Gateshead, Tyne And Wear NE10 8XE3
£133K01/230.2 mi12, Fossefeld, Gateshead, Tyne And Wear NE10 8XE3
£152K04/230.21 mi13, Priestley Gardens, Gateshead, Tyne And Wear NE10 8ET3
£155K01/230.21 mi4, Grange Crescent, Gateshead, Tyne And Wear NE10 8UY3
£170K06/210.22 mi52, Kirkwood Gardens, Gateshead, Tyne And Wear NE10 8TP3
£123.5K11/210.22 mi55, Coniston, Gateshead, Tyne And Wear NE10 0XB3
£165K01/230.23 mi1, Fossefeld, Gateshead, Tyne And Wear NE10 8XE3
£116.6K03/210.23 mi28, Bondfield Gardens, Gateshead, Tyne And Wear NE10 8TY3
£130K04/210.26 mi10, Broadacre, Gateshead, Tyne And Wear NE10 8UW3
£123.5K11/200.26 mi1, Broadacre, Gateshead, Tyne And Wear NE10 8UW3
£149.9K08/230.27 mi41, Meresyde, Gateshead, Tyne And Wear NE10 8UL3
£99K03/210.27 mi24, Hallgarth, Gateshead, Tyne And Wear NE10 8XJ3
£195K08/210.3 mi2, Fellmere Avenue, Gateshead, Tyne And Wear NE10 0XL3
£205.4K08/230.3 mi17, Fellmere Avenue, Gateshead, Tyne And Wear NE10 0XL3
£175K01/210.32 mi40, Broadside, Gateshead, Tyne And Wear NE10 8XR3
£125K11/200.32 mi3, Cripps Avenue, Gateshead, Tyne And Wear NE10 8TJ3
£139K09/210.32 mi8, Cripps Avenue, Gateshead, Tyne And Wear NE10 8TJ3
£142.3K12/200.34 mi57, Manor Gardens, Gateshead, Tyne And Wear NE10 8TD3
£187.5K10/220.36 mi42, Broadside, Gateshead, Tyne And Wear NE10 8XR3
£132K04/210.37 mi65, St Cuthberts Drive, Gateshead, Tyne And Wear NE10 9AA3
£129.3K08/230.37 mi25, St Cuthberts Drive, Gateshead, Tyne And Wear NE10 9AA3
£133K01/230.37 mi69, Fallowfeld, Gateshead, Tyne And Wear NE10 8QD3
£140K03/210.37 mi20, Morris Gardens, Gateshead, Tyne And Wear NE10 8TH3
£160.2K01/230.37 mi23, Morris Gardens, Gateshead, Tyne And Wear NE10 8TH3
£175K05/230.38 mi6, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH3
£177.5K06/230.38 mi15, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH3
£120K03/210.39 mi5, Swyntoft, Gateshead, Tyne And Wear NE10 8BS3
£130K03/210.4 mi4, Frazer Terrace, Gateshead, Tyne And Wear NE10 0YA3
£128K11/210.4 mi6, Woodbine Terrace, Pelaw, Gateshead, Tyne And Wear NE10 0QJ3
£185K06/230.4 mi35, Montrose Drive, Gateshead, Tyne And Wear NE10 8BG3
£225K07/220.4 mi6, Rosemount Avenue, Gateshead, Tyne And Wear NE10 8EA3
£170K09/220.41 mi54, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ3

Local Rents

16 rents from £725/mo to £1K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£1,00007/240.29 miMillford, Leam Lane, Gateshead3
£75006/240.31 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£75007/240.31 miHarvey Crescent, Gateshead, Tyne And Wear, NE103
£88006/240.41 mi-3
£72509/240.43 mi-3
£90008/240.44 miMeresyde, Gateshead, Tyne And Wear, NE103
£97512/230.44 mi-3
£85006/240.46 miWreken Gardens, Gateshead, NE103
£75002/250.48 mi-3
£72507/240.48 miYork Street, Pelaw, Gateshead3
£90007/240.54 miRedemarsh, Leam Lane, Gateshead, Tyne And Wear, NE103
£95009/230.56 mi-3
£79512/240.57 mi-3
£75007/240.6 miChesterwood Terrace, Bill Quay, NE103
£87505/240.62 miGateshead, Gateshead, NE103
£87503/240.62 mi-3

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £175,000

November 7, 2024

Description

  • Sought After Area of Area of Wardley +
  • Double Fronted Family Home +
  • Cul-de-Sac Location +
  • Spacious Gardens - Ideal for Outdoor Entertaining +
  • Convenient Access for Schools, Park & Local Amenities +
  • Early Viewing Advised for this Family Home +
  • Reference: 456774 +

Situated in the ever popular area of Wardley, this double fronted three-bedroom semi-detached home offers a superb space and occupying a corner plot giving gardens to three sides. Ideal for families, couples, or anyone seeking a home with generous outdoor areas, this property provides both functional indoor spaces and ample surroundings. Upon entering the property the hallway leads to a spacious lounge and a separate dining room. To the rear of the property is the kitchen. Upstairs, there are three double bedrooms, along with a three piece bathroom suite. Outside, the property truly shines with expansive gardens that wrap around three sides, offering excellent potential for outdoor entertaining, gardening, or simply relaxing in a private setting. The front garden is especially spacious, ideal for children to play or for hosting gatherings. Located in a cul de sac, with convenient access to schools, parks and local amenities, this home offers a unique blend of indoor and outdoor living in a highly sought-after area.
ENTRANCE HALLWAY
With stairs leading to first floor.
LOUNGE 5.81m (19'1) x 3.64m (11'11)
A spacious room with windows to both front and rear elevations.
DINING ROOM 3.03m (9'11) x 2.62m (8'7)
With window to front.
KITCHEN 2.44m (8'0) x 3.34m (10'11)
Fitted with a range of wall and base units incorporating worktops and inset sink stainless steel with mixer tap. Built in oven and hob with canopy over. Window to side and exterior door leading out.
FIRST FLOOR LANDING

FRONT BEDROOM 3.06m (10'0) x 3.49m (11'5)
A double room with window to front.
FRONT BEDROOM 4.6m (15'1) x 3.04m (10')
A double room with window to front.
REAR BEDROOM 3.69m (12'1) x 2.69m (8'10)
A double room with window to rear.
BATHROOM 1.64m (5'5) x 2.34m (7'8)
Comprising panel bath, pedestal wash hand basin and low level wc. Part tiled walls, tiling to floor and window to side.
EXTERNALLY
Occupying a generous corner plot with gardens to three side, there are also brick outhouses for storage.
Tenure
The property is Freehold.

We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 3 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE10 8HW and mobile coverage is provided by EE, Three, O2, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: B
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: C

Agent Details

Andrew Craig, Low Fell

0191 625 0115

Next Steps?

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