2 Bed Flat, Single Let, Gateshead, NE9 5SQ, £135,000

Florence Avenue, Low Fell, NE9 5SQ - 2 views - 5 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£55K - £180K
Sold Prices/m²£1.1K/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£128,209

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£480 - £3,500

Rent Estimate

£650

Running Costs/mo

£572

Cashflow/mo

£78

Cashflow/yr

£938

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £55K to £180K, average is £117.5K. £1.1K/m² to £2.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£115K03/210.03 mi29, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£150.1K02/230.03 mi28, Kells Lane, Gateshead, Tyne And Wear NE9 5SJ2
£101K01/230.03 mi9, Florence Avenue, Gateshead, Tyne And Wear NE9 5SQ2
£125K02/210.1 mi32, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£129K11/220.1 mi17, Beverley Road, Gateshead, Tyne And Wear NE9 5UH2
£133.6K10/230.14 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£140K09/230.14 mi22, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£126K04/210.14 mi7, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.14 mi6, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£142K10/230.14 mi4, Olive Gardens, Gateshead, Tyne And Wear NE9 5UN2
£128K02/210.15 mi35, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£147K12/230.15 mi25, Melrose Avenue, Gateshead, Tyne And Wear NE9 5YD2
£125K04/210.16 mi14, Salkeld Road, Gateshead, Tyne And Wear NE9 5UD2
£117K10/210.18 mi50, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125.3K05/210.18 mi56, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£125K12/220.19 mi72, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£133K10/220.22 mi51, Beverley Road, Gateshead, Tyne And Wear NE9 5UJ2
£180K06/210.29 mi2 - 4, Denewell Avenue, Gateshead, Tyne And Wear NE9 5HD2
£118.6K05/240.32 mi64, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£160K07/230.32 mi66, Beacon Street, Gateshead, Tyne And Wear NE9 5XN2
£118K03/210.34 mi39, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£127.5K03/210.34 mi33, Dean Street, Gateshead, Tyne And Wear NE9 5XL2
£88K03/210.35 mi116, Kells Lane, Gateshead, Tyne And Wear NE9 5HY2
£99K02/210.36 mi1, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£120K12/220.36 mi25, Southend Road, Gateshead, Tyne And Wear NE9 6XR2
£125K08/230.36 mi11, Louie Terrace, Gateshead, Tyne And Wear NE9 5XH2
£120K06/210.37 mi187, Kells Lane, Gateshead, Tyne And Wear NE9 5HS2
£113K03/230.38 mi37, Robson Street, Gateshead, Tyne And Wear NE9 5UY2
£85K03/240.39 mi4, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB2
£110K03/210.39 mi12, St Thomas Street, Gateshead, Tyne And Wear NE9 5XA2
£91K01/210.4 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/200.4 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£120K03/230.41 mi29, Wesley Street, Gateshead, Tyne And Wear NE9 5UX2
£93K08/210.42 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/210.42 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/230.42 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/230.42 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/230.42 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£124K04/210.42 mi28, Wesley Street, Gateshead, Tyne And Wear NE9 5YN2
£90K11/210.49 mi7, Baden Powell Street, Gateshead, Tyne And Wear NE9 5LD2
£80K07/230.5 mi33, Baden Powell Street, Gateshead, Tyne And Wear NE9 5LD2
£69.5K11/200.5 mi377, Old Durham Road, Gateshead, Tyne And Wear NE9 5LB2
£177K11/220.53 mi50, Park View Avenue, Gateshead, Tyne And Wear NE9 5EN2
£80K03/210.55 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£80K03/210.55 mi623, Durham Road, Gateshead, Tyne And Wear NE9 5HA2
£68K01/210.56 mi55, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£55K04/210.56 mi25, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£80K07/220.56 mi19, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£85K11/220.56 mi8, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£69K04/210.56 mi37, St Albans Crescent, Gateshead, Tyne And Wear NE10 9SR2

Local Rents

50 rents from £480/mo to £3.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£77506/240.01 miGrove Road, Low Fell, NE92
£76006/240.09 miBeverley Crescent, Low Fell2
£1,45003/230.14 mi-2
£80002/230.16 mi-2
£79506/240.16 miSalkeld Road, Gateshead2
£1,39003/240.17 mi-2
£65004/230.19 mi-2
£48007/230.26 mi-2
£1,55003/230.31 mi-2
£95006/240.35 miDean Street, Low Fell, Gateshead, NE92
£70007/240.35 mi-2
£70006/240.35 miLow Fell, Gateshead, NE92
£75006/240.36 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92
£67506/240.36 miSouthend Road, Gateshead2
£75006/240.37 miSouthend Road, Sheriff Hill, Gateshead, NE92
£77506/240.4 miSt. Thomas Street, Gateshead2
£2,50003/230.43 mi-2
£85006/240.43 miLanthwaite Road, Gateshead2
£80006/240.43 miSheriff Mount South, Gateshead2
£99507/240.43 miWhinney Park, Low Fell2
£85006/240.45 miLoweswater Road, Low Fell, Gateshead2
£75002/240.45 mi-2
£1,75003/230.49 mi-2
£79507/240.49 miBroadway, Carr Hill, Gateshead2
£75010/240.51 mi-2
£3,50003/250.52 mi-2
£65006/240.53 miEsk Street, Gateshead, NE92
£69504/240.53 mi-2
£69504/240.53 mi-2
£69505/240.53 mi-2
£69505/240.53 mi-2
£69502/250.53 mi-2
£65008/240.54 miWindy Nook Road, Windy Nook2
£65008/240.54 miWindy Nook Road, Gateshead2
£69506/240.54 miOllerton Gardens, Gateshead2
£90006/240.55 miPark View Avenue, Low Fell, Gateshead, NE92
£79507/240.56 miPopplewell Gardens, Low Fell2
£75003/240.57 mi-2
£75003/240.57 mi-2
£79506/240.59 miWilliam Wailes Walk, Gateshead2
£69507/240.59 miStrathmore Road, Gateshead, Tyne And Wear, NE92
£69505/240.59 miNursery Lane, Felling, NE102
£67503/250.59 mi-2
£75007/240.6 miEarls Drive, Gateshead2
£72504/240.6 mi-2
£75004/250.6 mi-2
£85007/240.6 miFullerton Place, Gateshead2
£80006/240.6 miFullerton Place, Gateshead2
£85006/240.62 miPark View Avenue, Gateshead NE9 5EN2
£77506/240.62 miPenrith Gardens, Low Fell2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.21 miles away

Nearest school

0.20 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £135,000

November 25, 2024

Description

  • Two Bedrooms +
  • First Floor Flat +
  • Rear Yard +
  • Stunning Kitchen +
  • Modern Bathroom +
  • Council Tax Band A +
  • EPC Rating C +

AN IMPRESSIVE first floor flat set within a popular and sought after location within Low Fell. The living space includes a spacious lounge, STUNNING KTIHEN, two bedrooms and a STYLISH BATHROOM. This property will appeal to first time buyers, investors and those simply seeking to down-size. Ideally situated for access to the local shops and amenities Low Fell has to offer as well as for access to transport routet and services. A MUST SEE!

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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