2 Bed Bungalow, Single Let, Newcastle upon Tyne, NE16 6JJ, £155,000

50 Birch Crescent, Newcastle Upon Tyne, County Durham, NE16 6JJ - 4 months ago

Sold STC
BTL
68 m²
+19 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Total Cash In

£44,600

 

 

Cash Out

 

Rent Range

£625 - £750

Rent Estimate

£625

Running Costs/mo

£629

Cashflow/mo

£-4

Cashflow/yr

£-52

Gross Yield

5%













Local Rents

10 rents from £625/mo to £750/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£75009/240.05 mi-2
£62510/230.05 mi-2
£65005/240.08 miBirch Mews, Burnopfield, Newcastle upon Tyne, Durham, NE16 6LL2
£65011/230.12 mi-2
£67505/240.12 mi-2
£62505/240.18 miSyke Road, Burnopfield, Newcastle upon Tyne, Durham, NE16 6HD2
£69506/240.21 miGaresfield Gardens, Burnopfield2
£75007/240.23 miBriardene, Burnopfield2
£75002/250.28 mi-2
£62512/230.28 mi-2

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

7.80 miles away

Nearest school

0.10 miles away

Nearest train station

4.33 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £155,000

November 12, 2024

Sold for £105,000

2017

Sold for £105,000

2005

Description

  • Two Double Bedrooms +

  • Detached Bungalow +

  • Conservatory +

  • Fitted Kitchen +

  • Modern Bathroom +

  • Gardens +

  • Council Tax Band A +

  • EPC Rating TBC +

Set within the semi rural location of Burnopfield is this WELL PRESENTED detached bungalow with gardens to the front and rear. The living space includes a lounge/diner, FITTED KITCHEN, two double bedrooms, conservatory and a MODERN BATHROOM. Viewing is highly recommended.

Agent Details

Sarah Mains Residential Sales and Lettings, Whickham

0191 625 1022

Next Steps?

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