4 Bed Terraced House, Refurb/BRRR, Newcastle upon Tyne, NE4 6PU, £135,000

Hull Street, Elswick, NE4 6PU - 44 views - 5 months ago

Leasehold
Refurb/BRRR
ROI: 10%
~129 m²
+10 photos

ValuationFair Value

Sold Prices£77.5K - £333.9K
Sold Prices/m²£714/m² - £3.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1K/m²

Value Estimate

£136,350

 

 

End Value (After Refurb)

£174,672

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£49,479

Bridging Loan Interest

£3,544

Total Cash In

£93,773

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,672

Mortgage (After Refinance)

£131,004

Mortgage LTV

75%

Cash Released

£29,754

Cash Left In

£64,019

Equity

£43,668

Rent Range

£600 - £4,867

Rent Estimate

£1,725

Running Costs/mo

£911

Cashflow/mo

£814

Cashflow/yr

£9,770

ROI

10%

Gross Yield

15%

Local Sold Prices

26 sold prices from £77.5K to £333.9K, average is £223.5K. £714/m² to £3.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£124K09/230.14 mi3, St Michaels Close, Newcastle Upon Tyne, Tyne And Wear NE4 6AF4
£130K09/210.14 mi4, St Michaels Close, Newcastle Upon Tyne, Tyne And Wear NE4 6AF4
£267.8K02/210.28 mi3, Bentinck Place, Newcastle Upon Tyne, Tyne And Wear NE4 6XN4
£235K11/220.29 mi13, Ventnor Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RX4
£260K01/210.34 mi67, Grainger Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 8RR4
£130K11/220.44 mi125, Hartington Street, Newcastle Upon Tyne, Tyne And Wear NE4 6PY4
£77.5K12/230.47 mi28, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TS4
£287K01/240.5 mi34, Normanton Terrace, Newcastle Upon Tyne, Tyne And Wear NE4 6PP4
£150K11/200.5 mi4, Normanton Terrace, Newcastle Upon Tyne, Tyne And Wear NE4 6PP4
£225K03/230.52 mi1, Chelsea Grove, Newcastle Upon Tyne, Tyne And Wear NE4 5NN4
£110K05/240.53 mi4, Atkinson Terrace, Newcastle Upon Tyne, Tyne And Wear NE4 8QL4
£219K09/210.53 mi12, Wingrove Road, Newcastle Upon Tyne, Tyne And Wear NE4 9BQ4
£222K12/220.65 mi71, Wingrove Road, Newcastle Upon Tyne, Tyne And Wear NE4 9BS4
£151K11/200.66 mi55, Sidney Grove, Newcastle Upon Tyne, Tyne And Wear NE4 5PD4
£295K01/240.72 mi20, York Street, Newcastle Upon Tyne, Tyne And Wear NE4 6ET4
£275K06/240.73 mi11, Lancaster Street, Newcastle Upon Tyne, Tyne And Wear NE4 6EU4
£320K12/220.73 mi14, Lancaster Street, Newcastle Upon Tyne, Tyne And Wear NE4 6EU4
£310K01/230.74 mi79, Sidney Grove, Newcastle Upon Tyne, Tyne And Wear NE4 5PE4
£150K10/230.75 mi19, Cookson Close, Newcastle Upon Tyne, Tyne And Wear NE4 5RY4
£215K03/210.79 mi39, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF4
£155K04/210.83 mi28, Darnell Place, Newcastle Upon Tyne, Tyne And Wear NE4 5EU4
£85K04/230.84 mi136, Severus Road, Newcastle Upon Tyne, Tyne And Wear NE4 9NP4
£324.5K02/240.84 mi79, Severus Road, Newcastle Upon Tyne, Tyne And Wear NE4 9NP4
£311K04/210.88 mi95, Nuns Moor Road, Newcastle Upon Tyne, Tyne And Wear NE4 9BA4
£333.9K02/210.9 mi62, Nuns Moor Road, Newcastle Upon Tyne, Tyne And Wear NE4 9AY4
£270K07/220.91 mi36, Nuns Moor Crescent, Newcastle Upon Tyne, Tyne And Wear NE4 9BE4

Local Rents

43 rents from £600/mo to £4.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15007/240.03 miWest View, Wideopen, NE134
£1,09505/240.14 mi-3
£1,19505/240.14 miCroftsway, Newcastle Upon Tyne, NE43
£1,80004/250.15 mi-4
£1,00006/240.25 mi-3
£1,00006/240.25 miNewcastle Upon Tyne, Newcastle Upon Tyne, NE43
£2,57805/240.28 mi(£85pppw) WiFi and TV Licence Inc) Beech Grove Road, Fenham, Newcastle upon Tyne7
£2,50007/240.28 mi7 Dunholme Road, Newcastle Upon Tyne, NE45
£65011/240.29 mi-3
£70012/240.29 mi-3
£1,60004/250.33 mi-4
£95003/250.33 mi-3
£90003/250.33 mi-3
£2,57805/240.33 mi(£85pppw) Beech Grove Road, Fenham, Newcastle Upon Tyne7
£2,57405/240.33 mi(£99pppw) Beech Grove Road, Fenham, Newcastle Upon Tyne6
£99506/240.39 miLynwood Terrace, Newcastle upon Tyne3
£90007/240.43 mi-3
£90006/240.43 miLynnwood Terrace, Newcastle Upon Tyne, NE43
£85002/250.43 mi-3
£85002/250.43 mi-3
£90006/240.43 miHartington Street, Newcastle upon Tyne3
£1,36512/240.43 miHartington Street, Newcastle Upon Tyne, NE43
£2,50007/240.46 mi-4
£1,30006/240.46 miEthel Street, Newcastle Upon Tyne, NE43
£1,30006/240.46 mi-3
£2,90005/240.48 mi-5
£2,50005/240.48 miKingsley Terrace, Newcastle Upon Tyne, NE45
£3,60003/250.49 mi-3
£1,90005/240.49 mi-5
£1,64703/240.5 mi(95pppw) New Mills, City Centre, Newcastle Upon Tyne4
£1,20006/240.51 mi-3
£4,86707/240.52 miDilston Road, Newcastle Upon Tyne8
£60006/240.53 miJoan Street, Benwell, Newcastle Upon Tyne3
£90003/250.56 mi-3
£1,00004/250.56 mi-3
£3,65007/240.57 miDilston Road, Newcastle Upon Tyne6
£1,00006/240.57 miBelgrave Parade, Newcastle upon Tyne, Tyne and Wear, NE43
£1,10012/240.58 mi-3
£1,10012/240.58 miHawthorn Walk, Newcastle Upon Tyne, NE43
£1,75002/250.59 mi-5
£1,75003/250.59 mi-5
£3,60003/250.59 mi-6
£1,05004/250.61 mi-3

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £135,000

November 29, 2024

Description

  • Fantastic Opportunity For Someone To Put Their Own Stamp On +
  • Ready For Modernisation & Improvements +
  • Sold With No Onward Chain & Vacant Possession ! +
  • Spacious & Versatile Living Over Three Floors +
  • Access Into Newcastle City Centre For A Large Variety Of Amenities +
  • Reference : 457399 +

INVESTMENT OPPORTUNITY....THREE STOREY TOWNHOUSE WITH NO UPPER CHAIN.

The accommodation comprises:- hallway, lounge, kitchen/diner, ground floor w.c, first floor landing with access to two bedrooms and study/store room and bathroom and with stairs to second floor where there are two further bedrooms. Externally there is a double driveway to the front and a low maintenance to the rear.

Situated in this convenient location, within easy reach of local amenities, as well as access to City Centre.

Call NOW to view.
ENTRANCE
Entrance door into Hallway with radiator, stairs to first floor and storage cupboard.
GROUND FLOOR W.C.
Low level W.C., hand wash basin and UPVC window.
KITCHEN 5.16m (16'11) x 3.94m (12'11)
Wall and base units, sink and drainer, UPVC window and door to rear.
LOUNGE 4.2m (13'9) x 4.5m (14'9)
UPVC window, radiator and alcove storage.
FIRST FLOOR LANDING

FRONT DOUBLE BEDROOM 4.29m (14'1) x 3.83m (12'7)
UPVC window and radiator.
FRONT SINGLE BEDROOM 3.26m (10'8) x 2.32m (7'7)
UPVC window and radiator.
SHOWER ROOM 2.64m (8'8) x 2.65m (8'8)
Shower cubicle, low level W.C., pedestal wash basin and UPVC window.
OFFICE 2.18m (7'2) x 1.37m (4'6)
UPVC window and radiator.
SECOND FLOOR LANDING

SECOND FLOOR BEDROOM 3.65m (12') x 2.56m (8'5)
UPVC window, radiator and storage cupboard.
SECOND FLOOR BEDROOM 4.79m (15'9) x 2.4m (7'10)
UPVC window, radiator and storage cupboard.
EXTERNALLY
Low maintenance garden to rear with fence surrounds.
PARKING
Driveway to front.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 18 Mbps and a maximum download speed of 72 Mbps at this postcode: NE4 6PU and mobile coverage is provided by EE, Three, O2 and Vodafone. *The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Agent Details

Andrew Craig, Gosforth

0191 625 1041

Next Steps?

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