2 Bed Flat, Single Let, Newcastle upon Tyne, NE12 6DL, £90,000

Citadel E, Killingworth, NE12 6DL - 4 months ago

Leasehold
BTL
ROI: 13%
~50 m²
+2 photos

ValuationOvervalued

Sold Prices£53K - £118K
Sold Prices/m²£859/m² - £2.6K/m²

 

 

Square Metres

~49.61 m²
Price/m²£1.8K/m²

Value Estimate

£83,307

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£550 - £1,900

Rent Estimate

£750

Running Costs/mo

£451

Cashflow/mo

£299

Cashflow/yr

£3,585

ROI

13%

Gross Yield

10%

Local Sold Prices

34 sold prices from £53K to £118K, average is £93.5K. £859/m² to £2.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£105K06/240.13 mi39, White Swan Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6UG2
£75K11/220.26 mi13 Astley Court, Broomlee Road, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6YR2
£65K02/210.26 mi13 Astley Court, Broomlee Road, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6YR2
£97K10/230.27 mi10, Acomb Court, Newcastle Upon Tyne, Tyne And Wear NE12 6YN2
£67K04/210.27 mi9, Acomb Court, Newcastle Upon Tyne, Tyne And Wear NE12 6YN2
£53K01/230.27 mi12, Cannock, Newcastle Upon Tyne, Tyne And Wear NE12 6QZ2
£105K10/220.27 mi3, Broomlee Road, Newcastle Upon Tyne, Tyne And Wear NE12 6YJ2
£89K05/230.28 mi29, Flodden, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6NF2
£118K11/220.33 mi8, Bolam Road, Newcastle Upon Tyne, Tyne And Wear NE12 6YQ2
£58K04/210.35 mi11, Newbury, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PW2
£65K04/230.4 mi13, Stamford, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PY2
£90K10/200.4 mi2, Stamford, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PY2
£87.5K12/200.4 mi10, Stamford, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PY2
£92K09/210.4 mi6, Kielder Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TE2
£75K12/230.4 mi24, Kielder Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TE2
£103.5K02/230.4 mi6, Kielder Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TE2
£92K07/230.4 mi68, Bannockburn, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QJ2
£90K11/220.41 mi9, Kielder Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TE2
£84K06/230.44 mi3, Bosworth, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QE2
£105K07/210.49 mi37, Ryder Court, Newcastle Upon Tyne, Tyne And Wear NE12 6EE2
£100K11/220.64 mi34, Nicholson Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 9DP2
£103K08/210.77 mi8, The Copse, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JB2
£115K04/240.77 mi19, The Copse, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JB2
£116.6K05/210.77 mi6, The Copse, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JB2
£101K06/210.77 mi17, The Copse, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JB2
£112K01/230.77 mi11, The Copse, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9JB2
£67K12/220.8 mi10, Front Street, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5UT2
£105K09/230.82 mi21, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE2
£105K04/210.82 mi18, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE2
£100K09/230.82 mi20, Victoria Court, West Moor, Newcastle Upon Tyne, Tyne And Wear NE12 7PE2
£80K06/240.92 mi15, Regents Court, Newcastle Upon Tyne, Tyne And Wear NE12 7PD2
£95K04/240.92 mi10, Regents Court, Newcastle Upon Tyne, Tyne And Wear NE12 7PD2
£108K12/230.97 mi59, Benton Lane, Newcastle Upon Tyne, Tyne And Wear NE12 7NP2
£80K02/211 mi57, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF2

Local Rents

34 rents from £550/mo to £1.9K/mo, average is £780/mo.

RentDateDistanceAddressBeds 
£65011/230.01 mi-2
£65009/240.01 mi-2
£94911/240.27 mi-2
£79507/240.33 mi-2
£79507/240.33 miGarth Sixteen, Killingworth, Newcastle Upon Tyne, NE122
£69501/250.43 mi-2
£70005/240.5 mi-2
£80007/240.51 miGreenhills, Killingworth, Newcastle Upon Tyne, NE122
£1,90005/240.63 mi-2
£1,80008/240.63 mi-2
£1,80001/250.63 mi-2
£1,75003/250.63 mi-2
£75001/250.71 mi-2
£55007/230.8 mi-2
£75012/230.86 mi-2
£72505/240.9 miCrossley Terrace, Palmersville2
£77507/240.9 miCrossley Terrace, Palmersville2
£85005/240.93 miWhitfield Road, Newcastle Upon Tyne2
£69505/240.94 miBamford Terrace, Newcastle Upon Tyne, NE122
£69503/240.94 mi-2
£91505/240.98 miLinden Court, Forest Hall, North Tyneside2
£75005/241.01 mi-2
£78003/241.05 mi-2
£78005/241.05 miHawks Edge, West Moor, Newcastle Upon Tyne, NE122
£75005/241.05 mi-2
£78005/241.06 miWest Moor, Newcastle Upon Tyne, NE122
£78003/241.06 mi-2
£92007/241.06 mi-2
£91005/241.06 miLinden Court, Forest Hall, NE122
£70005/241.07 miWoodside Crescent, Forest Hall, Newcastle upon Tyne, NE122
£97507/241.1 miCygnet Park, Killingworth, NE12 5AS2
£98512/241.1 miPinetree Avenue, Killingworth, NE122
£65012/241.15 miBoston Court, Palmersville, 2
£72501/241.23 mi-2

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.21 miles away

Nearest school

0.20 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £90,000

March 8, 2025

Listed for £100,000

November 11, 2024

Floor Plans

Description

  • Council Tax Band A +
  • Off Road Parking +
  • No Chain +
  • EPC B +
  • Leasehold +
  • Spacious Lounge +

Presenting Regency Apartments, a two bedroom second floor apartment with allocated parking space and a secure entryphone system. Entering the apartment, to the right is the kitchen with ample storage space, across the hall is the spacious and cosy lounge-diner. There are two double bedrooms and completing the apartment is the family bathroom with three piece suit, WC, basin and bathtub with overhead shower.   Currently tenanted until January 2025 at £750pm, this property is suited to both investors looking to build their portfolio or first time buyers looking to get onto the property ladder in a well connected and residential area.  Council Tax Band A - £1,480.32 per year
EPC: B
Tenure: Leasehold - 136 Years remaining - 155 years from January 2005
Service charge: £1068 per year
Ground rent: £220 per year
Material Information: Standard construction Based in the centre of Killingworth, with several amenities close on hand such as the shopping centre, the Leisure Centre, White Swan Centre, Morrisons petrol garage, Home Bargains, Matalan, LIDL and more. This property is situated close to the A1, A19 and the coast road. Excellent transport links are also nearby with a main bus route providing access to Newcastle City Centre. We endeavor to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: B. Tenure: Leasehold,

Agent Details

Northwood, Newcastle

0191 625 0777

Next Steps?

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