3 Bed Flat, Single Let, Newcastle upon Tyne, NE6 2SX, £70,000

91 Allendale Road, Newcastle Upon Tyne, Tyne And Wear, NE6 2SX - 4 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 21%
60 m²
+13 photos

ValuationUndervalued

Sold Prices£45K - £395K
Sold Prices/m²£616/m² - £2.8K/m²

 

 

Square Metres

60.01 m²
Price/m²£1.2K/m²

Value Estimate

£86,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£650 - £1,500

Rent Estimate

£763

Running Costs/mo

£391

Cashflow/mo

£372

Cashflow/yr

£4,460

ROI

21%

Gross Yield

13%

Local Sold Prices

50 sold prices from £45K to £395K, average is £139K. £616/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£59K10/210 mi91, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SX3
£46K01/230.2 mi237, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£45K08/230.22 mi231, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£96K06/230.31 mi20, The Oval, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3LH3
£60K12/220.52 mi335, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£115K12/220.74 mi579, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 3AA3
£165K11/211 mi38, Sixth Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5YN3
£115K12/201 mi21, South View West, Newcastle Upon Tyne, Tyne And Wear NE6 5PP3
£107K08/231.01 mi44, Sutton Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RH3
£135.5K08/211.02 mi44, Stannington Place, Newcastle Upon Tyne, Tyne And Wear NE6 5HT3
£135K03/241.04 mi57, Seventh Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5YD3
£137K10/201.05 mi34, Stannington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5AA3
£173K12/231.05 mi21, Stannington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5AA3
£163K06/211.05 mi32, Bolingbroke Street, Newcastle Upon Tyne, Tyne And Wear NE6 5PH3
£150K10/211.12 mi53, King John Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5XY3
£120K11/211.12 mi13, Marleen Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5DN3
£147.8K12/201.12 mi16, Second Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5XS3
£147.5K04/231.12 mi17a, Second Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5XS3
£178.5K04/231.13 mi34, Shaftesbury Grove, Newcastle Upon Tyne, Tyne And Wear NE6 5JB3
£144.2K02/211.15 mi202a, Heaton Road, Newcastle Upon Tyne, Tyne And Wear NE6 5HP3
£115K04/211.16 mi34, King John Street, Newcastle Upon Tyne, Tyne And Wear NE6 5XR3
£150K06/231.16 mi34, King John Street, Newcastle Upon Tyne, Tyne And Wear NE6 5XR3
£130K02/211.21 mi189, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DZ3
£182K10/231.25 mi5, Stratford Grove West, Newcastle Upon Tyne, Tyne And Wear NE6 5BB3
£166K02/231.25 mi9, Stratford Grove West, Newcastle Upon Tyne, Tyne And Wear NE6 5BB3
£126K06/211.27 mi193, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£118K09/231.27 mi206, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£141.5K12/221.27 mi38, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£165K12/201.27 mi40, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£68K10/231.28 mi27, Howe Street, Gateshead, Tyne And Wear NE8 3PQ3
£130.2K10/211.29 mi114, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£135K04/211.29 mi42, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£206.6K06/231.29 mi67, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£156K03/211.31 mi61, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5NB3
£127K05/211.32 mi56, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£141K10/201.32 mi120, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£163K03/211.32 mi72, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£152.5K11/201.33 mi36, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£90K08/231.34 mi20, Portland Street, Gateshead, Tyne And Wear NE10 0XX3
£90K07/231.34 mi10, George Street, Gateshead, Tyne And Wear NE10 0XT3
£80K06/221.34 mi53, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL3
£166K06/211.36 mi142, Cartington Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SJ3
£171K02/231.36 mi114, Cartington Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SJ3
£160K08/211.37 mi23, Brandon Grove, Newcastle Upon Tyne, Tyne And Wear NE2 1PA3
£165K03/211.37 mi39, Brandon Grove, Newcastle Upon Tyne, Tyne And Wear NE2 1PA3
£87K11/221.38 mi19, Joicey Street, Gateshead, Tyne And Wear NE10 0QS3
£129K12/201.39 mi145, Biddlestone Road, Newcastle Upon Tyne, Tyne And Wear NE6 5SP3
£395K02/211.39 mi30, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW3
£157K04/211.4 mi55, Greystoke Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 1PN3
£157K04/211.4 mi53, Greystoke Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 1PN3

Local Rents

19 rents from £650/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£82503/250.05 mi-3
£79502/250.15 mi-3
£75005/240.18 miAllendale Road, Walker, Newcastle Upon Tyne, Tyne & Wear, NE63
£92502/250.21 mi-3
£1,14005/240.26 mi-3
£1,50005/240.27 miTrinity Courtyard, Newcastle Upon Tyne3
£1,15006/240.31 mi-3
£1,15006/240.31 mi-3
£1,15006/240.31 miLamerton Avenue, Walker, Newcastle Upon Tyne, NE63
£1,00005/240.31 mi20 The Oval, Newcastle upon Tyne, NE6 3LH3
£65006/240.36 miBothal Street, Newcastle Upon Tyne, NE63
£65002/250.37 mi-3
£80006/240.38 miWalker Road, ., Newcastle upon Tyne, Tyne and Wear, NE6 3JT3
£90012/230.47 mi-3
£95003/250.47 mi-3
£70001/250.48 mi-3
£1,00011/240.58 mi-3
£90005/240.59 miBrinkburn Street, Newcastle upon Tyne, Tyne and Wear, NE63
£87501/250.6 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £70,000

November 8, 2024

Sold for £59,000

2021

Sold for £69,000

2008

Sold for £31,000

2002

Sold for £22,500

2002

Sold for £25,000

1998

Sold for £26,950

1995

Description

  • Three Bedrooms +

  • First Floor Flat +

  • Impressive Kitchen +

  • Gardens +

  • Council Tax Band A +

  • EPC Rating D +

BEAUTIFULLY PRESENTED first floor flat appealing to first time buyers and investors alike. The living space includes a lovely lounge with open access to a SUPERB FITTED KITCHEN, three bedrooms and a bathroom. Externally, gardens lie to the front and rear. The property is ideally situated for access to local shopping facilities and amenities as well as for access to transport routes and services.

Agent Details

Sarah Mains Residential Sales and Lettings, Newcastle

0191 625 0816

Next Steps?

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