3 Bed Flat, Single Let, Newcastle upon Tyne, NE3 2NS, £80,000

Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 2NS - 5 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 21%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£40K - £450K
Sold Prices/m²£434/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£100,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£850 - £1,475

Rent Estimate

£850

Running Costs/mo

£440

Cashflow/mo

£410

Cashflow/yr

£4,920

ROI

21%

Gross Yield

13%

Local Sold Prices

35 sold prices from £40K to £450K, average is £192.8K. £434/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£127.5K03/230.46 mi28, Willowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NH3
£230K10/230.59 mi50, Regent Road, Newcastle Upon Tyne, Tyne And Wear NE3 1ED3
£172.5K12/220.7 mi24, Broomfield Road, Newcastle Upon Tyne, Tyne And Wear NE3 4HH3
£327.3K09/210.7 mi94, Woodbine Road, Newcastle Upon Tyne, Tyne And Wear NE3 1DE3
£205K02/230.71 mi219, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4HL3
£186K08/210.78 mi3, Stable Lane, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2DH3
£185K10/210.79 mi357, Salters Road, Newcastle Upon Tyne, Tyne And Wear NE3 4HN3
£196.5K10/200.81 mi15, Ashfield Road, Newcastle Upon Tyne, Tyne And Wear NE3 4XL3
£71.1K03/210.88 mi15, Alnham Court, Newcastle Upon Tyne, Tyne And Wear NE3 2JT3
£187K12/200.91 mi62, Hyde Terrace, Newcastle Upon Tyne, Tyne And Wear NE3 1AT3
£78.3K06/230.92 mi9, Horsley Court, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2JX3
£70K08/230.92 mi7, Horsley Court, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2JX3
£40K03/210.92 mi15, Horsley Court, Newcastle Upon Tyne, Tyne And Wear NE3 2JX3
£40K03/210.92 mi10, Horsley Court, Newcastle Upon Tyne, Tyne And Wear NE3 2JX3
£45K02/240.92 mi11, Horsley Court, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2JX3
£450K10/230.97 mi37, Elmfield Square, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4BL3
£192.8K08/231.25 mi75, Sandringham Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 1QB3
£192.8K08/231.25 mi75, Sandringham Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 1QB3
£103.3K05/211.26 mi76, Audley Road, Newcastle Upon Tyne, Tyne And Wear NE3 1QX3
£177K10/201.26 mi124, Newlands Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NU3
£155K10/201.27 mi111, Sandringham Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 1QB3
£200K08/231.28 mi125, Audley Road, Newcastle Upon Tyne, Tyne And Wear NE3 1QH3
£227.5K07/241.31 mi70, Newlands Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NT3
£270K09/211.42 mi12, Cloister Garth, Newcastle Upon Tyne, Tyne And Wear NE7 7LW3
£245K10/231.63 mi30, Myrtle Grove, Newcastle Upon Tyne, Tyne And Wear NE2 3HT3
£90K03/231.66 mi21, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX3
£215K09/211.68 mi103, Glenthorn Road, Newcastle Upon Tyne, Tyne And Wear NE2 3HJ3
£190K02/211.69 mi46, Oakland Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DR3
£195K07/211.72 mi49, Bayswater Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3HR3
£227K04/211.74 mi10, Glenthorn Road, Newcastle Upon Tyne, Tyne And Wear NE2 3HN3
£220K06/211.75 mi11, Ashleigh Grove, West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3DJ3
£238.5K04/231.82 mi94, St Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 2DL3
£265K08/231.83 mi53a, Sanderson Road, Newcastle Upon Tyne, Tyne And Wear NE2 2DR3
£270K04/231.86 mi74, Fairfield Road, West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3BY3
£370K10/201.92 mi100a, Osborne Road, Newcastle Upon Tyne, Tyne And Wear NE2 2TD3

Local Rents

18 rents from £850/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.06 mi-3
£1,20005/240.17 mi-3
£1,47506/240.2 miHolystone Avenue, Gosforth 3
£1,10006/240.3 miBeal Way, Newcastle Upon Tyne3
£1,00005/240.37 miJubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE33
£1,25006/240.38 miLayfield Road, Brunton Park, Gosforth, NE33
£1,15012/230.4 mi-3
£1,00002/250.41 mi-3
£1,19506/240.41 mi3 Bedroom House in Gosforth, Newcastle3
£85007/240.47 mi-3
£85007/240.47 miEdgefield Avenue, Newcastle Upon Tyne, NE33
£85005/240.5 mi-3
£1,10007/240.5 mi3 Bedroom Terraced House to Let on Mary Agnes Street, Gosforth, Newcastle Upon Tyne3
£89505/240.53 miAcomb Crescent, Red House Farm3
£1,20006/240.59 miHollywood Avenue, Gosforth3
£1,20006/240.59 miHollywood Avenue, Gosforth3
£85001/240.61 mi-3
£90005/240.61 mi-3

Local Area Statistics

Population in NE3

53,771

Population in Newcastle upon Tyne

381,037

Town centre distance

1.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £80,000

November 11, 2024

Floor Plans

Description

  • Three bedroom flat +

  • Ideal first time buy or buy to let investment +

  • Popular location +

  • Total floor area 84 square metres +

  • EPC Grade D +

  • Council Tax Band A +

This generously sized three-bedroom upper flat offers a fantastic opportunity for first-time buyers and investors alike. Located in a sought-after area close to Wansbeck Metro Station and major transport links, it provides both convenience and accessibility.

The flat features three well-proportioned bedrooms, a modern shower room, a comfortable lounge, and a fully equipped kitchen that opens out onto a private balcony—ideal for relaxing or entertaining.

A secure car park with fob entry gates ensures peace of mind, and with a proven rental history, this property is a smart choice for buy-to-let investors seeking a reliable income. Don’t miss out on this ideal purchase with great potential!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our 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. The 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 photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

WSD240579/2

Agent Details

YOUR MOVE Chris Stonock, Wallsend

0191 625 0241

Next Steps?

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