3 Bed Semi-Detached House, Refurb/BRRR, Gateshead, NE11 9LQ, £130,000

Cheviot Gardens, Lobley Hill, NE11 9LQ - 8 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£106.5K - £283K
Sold Prices/m²£1.3K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£133,900
BMV3%

 

 

End Value (After Refurb)

£188,724

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£39,324

Bridging Loan Interest

£3,413

Total Cash In

£84,787

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,724

Mortgage (After Refinance)

£141,543

Mortgage LTV

75%

Cash Released

£44,043

Cash Left In

£40,743

Equity

£47,181

Rent Range

£795 - £1,300

Rent Estimate

£1,011

Running Costs/mo

£812

Cashflow/mo

£199

Cashflow/yr

£2,388

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £106.5K to £283K, average is £170K. £1.3K/m² to £3.2K/m², average is £2K/m².

Price
Date
Distance
Address
Beds
 
£155K11/240 mi35, Cheviot Gardens, Gateshead, Tyne And Wear NE11 9LQ3
£155K08/230.05 mi100, Cotswold Gardens, Gateshead, Tyne And Wear NE11 9LE3
£177K08/230.05 mi96, Cotswold Gardens, Gateshead, Tyne And Wear NE11 9LE3
£122K02/210.08 mi12, Malvern Gardens, Gateshead, Tyne And Wear NE11 9LH3
£160K07/220.08 mi13, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA3
£190K07/240.15 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3
£187K12/220.16 mi5, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£165K11/230.16 mi35, Scafell Gardens, Gateshead, Tyne And Wear NE11 9LS3
£153K12/230.19 mi1, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£124K09/210.2 mi24, Chiltern Gardens, Gateshead, Tyne And Wear NE11 9JU3
£275K12/220.2 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£140K01/230.22 mi130, Braeside, Gateshead, Tyne And Wear NE11 9RH3
£170K11/240.23 mi30, Monkridge Gardens, Dunston Hill, Gateshead NE11 9XE3
£115.5K09/230.24 mi68, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RT3
£142K02/250.24 mi37, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RT3
£143K05/210.24 mi84, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RT3
£172K03/230.25 mi75, Malvern Gardens, Gateshead, Tyne And Wear NE11 9LL3
£235K04/230.25 mi80, Oakfield Road, Gateshead, Tyne And Wear NE11 0AE3
£150K10/230.26 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220.26 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210.26 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£180K01/230.27 mi17, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£200K12/230.27 mi15, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£175K03/240.27 mi32, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£198K04/240.27 mi23, Appleton Close, Gateshead, Tyne And Wear NE11 9SG3
£106.5K12/240.27 mi4, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£245K01/240.27 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230.27 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230.27 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£190K01/230.27 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£172K01/240.27 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£127K09/230.28 mi10, Oakfield Road, Gateshead, Tyne And Wear NE11 0AB3
£196K06/210.28 mi14, Oakfield Road, Gateshead, Tyne And Wear NE11 0AB3
£253K02/250.29 mi14, Hedge Close, Gateshead, Tyne And Wear NE11 9UG3
£147K08/210.29 mi7, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£162K05/210.29 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£154K11/240.3 mi21, Oakfield Road, Gateshead, Tyne And Wear NE11 0AA3
£194K06/240.3 mi5, Oakfield Road, Gateshead, Tyne And Wear NE11 0AA3
£170K09/210.3 mi31, Rochester Gardens, Gateshead, Tyne And Wear NE11 9TH3
£283K12/240.3 mi35, Glanville Close, Festival Park, Gateshead NE11 9TY3
£130K12/240.3 mi10, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£137K07/230.3 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£212K07/230.31 mi10, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£225K07/230.31 mi22, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£158K03/230.31 mi20, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£172K05/210.31 mi28, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£152K02/210.31 mi36, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£265K08/220.32 mi8, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3
£212K10/210.32 mi12, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3
£240.1K08/220.32 mi3, Hexham Court, Gateshead, Tyne And Wear NE11 9PZ3

Local Rents

17 rents from £795/mo to £1.3K/mo, average is £950/mo.

Rent
Date
Distance
Address
Beds
 
£83303/250.05 mi-3
£87512/240.05 mi-3
£89506/250.18 mi-3
£99507/240.29 miMalvern Gardens, Lobley Hill, Gateshead3
£1,30006/240.31 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£1,05005/240.34 miHawthorn House, Lobley Hill3
£87507/250.35 mi-3
£87507/250.35 miHolly Avenue, Gateshead, NE113
£89507/250.43 miPalatine Place, Dunston, Gateshead, NE113
£89506/240.44 mi-3
£95007/250.48 miKing George Avenue, Dunston3
£1,20011/240.48 mi-3
£1,25001/250.48 mi-3
£79505/240.49 miPinewood Gardens, Lobley Hill3
£1,30007/250.53 miRopery Road, Gateshead3
£1,25007/240.53 miRopery Road, Gateshead, NE83
£1,25007/250.53 miRopery Road, Gateshead, NE83

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.06 miles away

Nearest school

0.40 miles away

Nearest train station

0.41 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £130,000

November 26, 2024

Floor Plans

Description

  • Three bedroom semi-detached house +
  • No onward chain +
  • Popular location in Lobley Hill +
  • Corner plot +
  • Living/Dining Room +
  • Gardens to three sides +
  • West facing garden to rear +
  • Call to view today +

Inviting offers between £130,000 and £140,000 for this three-bedroom semi-detached house is situated in the highly desirable area of Lobley Hill, positioned on a corner plot with gardens on three sides. The layout features a welcoming hallway, a roomy living/dining area, a kitchen, three bedrooms, and a family bathroom. Due to its excellent location and ample plot size, we expect considerable interest and suggest arranging a viewing soon. Ground Floor The property welcomes you into a hallway adorned with laminate flooring, guiding you towards the kitchen and the front-facing living room, while stairs ascend to the first floor. The living/dining area boasts a charming bay window on one side and elegant French doors on the other, flooding the space with abundant natural light. At the back of the house, the kitchen is equipped with a selection of shaker-style wall and base cabinets complemented by contrasting laminate countertops. It features a built-in double oven, electric hob, and overhead extractor fan, with additional space allocated for freestanding appliances. An external door provides access to the outdoors. Hallway - 3.96m x 1.83m (12'11" x 6'0") Living Room - 3.78m x 4.49m (12'4" x 14'8") Dining - 3.22m x 3.06m (10'6" x 10'0") Kitchen - 3.03m x 2.56m (9'11" x 8'4") First Floor The landing on the first floor provides entry to all three bedrooms and the family bathroom. Bedrooms one and two are equipped with built-in wardrobes. The family bathroom features a three-piece suite, complete with a fitted bathtub that has an overhead shower, a washbasin, and a low-level WC. Bedroom One - 3.29m x 4.09m (10'9" x 13'5") Bedroom Two - 3.28m x 2.99m (10'9" x 9'9") Bedroom Three - 2.75m x 2.42m (9'0" x 7'11") Family Bathroom - 1.92m x 2.4m (6'3" x 7'10") Externally The exterior of the property features a spacious lawn garden at the front, complemented by a gravel area nearby. A gated entrance provides access to the west-facing rear garden, which is in need of some attention to create a peaceful outdoor space. Disclaimer Whilst we endeavour to ensure our sales particulars are accurate and reliable, 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 WalkersXchange therefore we cannot give a guarantee as to their operating ability or efficiency. All measurements have been taken as a guide to prospective buyers only.

Agent Details

WalkersXchange, Sunniside & the North East

0191 743 9208

Next Steps?

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