2 Bed Flat, Single Let, Newcastle upon Tyne, NE6 3AE, £50,000

87 Byker Terrace, Walker, Newcastle Upon Tyne, NE6 3AE - 1 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 21%
69 m²
+9 photos

ValuationUndervalued

Sold Prices£36K - £129K
Sold Prices/m²£556/m² - £3K/m²

 

 

Square Metres

69 m²
Price/m²£725/m²

Value Estimate

£62,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£550 - £3,500

Rent Estimate

£575

Running Costs/mo

£291

Cashflow/mo

£284

Cashflow/yr

£3,405

ROI

21%

Gross Yield

14%

Local Sold Prices

47 sold prices from £36K to £129K, average is £65K. £556/m² to £3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£78K05/240.29 mi717, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JN2
£60.5K01/230.3 mi733, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JN2
£75K12/230.34 mi8, Marondale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HJ2
£50K03/210.34 mi34, Emily Street, Newcastle Upon Tyne, Tyne And Wear NE6 2QY2
£90K07/230.36 mi88, Eastbourne Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 4DU2
£36K02/210.37 mi327, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH2
£41.8K05/210.37 mi365, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH2
£60K06/210.38 mi54, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HE2
£77K11/220.38 mi119, Westbourne Avenue, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4HP2
£70K03/240.39 mi18, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL2
£73K12/220.39 mi79, Eastbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DT2
£76K08/230.4 mi87, Eastbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DT2
£75.5K03/240.4 mi54, Eastbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DT2
£55.2K11/230.42 mi5, Cullercoats Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JA2
£92K09/230.45 mi39, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE2
£69K03/210.45 mi69, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE2
£53K05/210.46 mi11, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£36K12/200.46 mi51, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£53K05/210.46 mi30, Kingsmere Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3NP2
£45K11/220.47 mi299, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SE2
£50K03/210.48 mi221, Scarborough Road, Newcastle Upon Tyne, Tyne And Wear NE6 2RX2
£87K10/230.51 mi6, Keebledale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HS2
£40K12/200.54 mi332, Grace Street, Newcastle Upon Tyne, Tyne And Wear NE6 2RP2
£90K11/220.61 mi19, Wyedale Way, Newcastle Upon Tyne, Tyne And Wear NE6 4UA2
£57.5K01/230.62 mi2a, Dunmorlie Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JL2
£40.8K01/210.62 mi3, Dunmorlie Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JL2
£77K12/200.63 mi71, Julian Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4RJ2
£77K12/200.63 mi71, Julian Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4RJ2
£58K08/230.65 mi5, Relton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TH2
£54K12/200.67 mi64, Gillies Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JP2
£55K09/210.69 mi103, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SX2
£112K01/230.69 mi14, Walpole Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RL2
£83K05/230.69 mi13, Walpole Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RL2
£100K07/230.7 mi94, Fossway, Newcastle Upon Tyne, Tyne And Wear NE6 4QZ2
£54.5K06/230.72 mi149, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SY2
£40K01/210.72 mi876, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4QP2
£81K01/230.72 mi886, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4QP2
£65K12/230.73 mi249, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD2
£60K05/230.74 mi47, Chatsworth Gardens, St Anthonys, Newcastle Upon Tyne, Tyne And Wear NE6 2TN2
£77K02/210.79 mi14, The Oval, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3LH2
£62K10/200.79 mi215, Commercial Road, Byker, Newcastle Upon Tyne, Tyne And Wear NE6 2ED2
£45.8K01/210.87 mi115, Clydesdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2EQ2
£129K03/230.89 mi38, The Ropery, Newcastle Upon Tyne, Tyne And Wear NE6 1TY2
£60K05/210.92 mi37, Philiphaugh, Wallsend, Tyne And Wear NE28 6BX2
£115K12/220.99 mi47, Foundry Court, Newcastle Upon Tyne, Tyne And Wear NE6 1UG2
£85.8K06/231 mi45, Foundry Court, Newcastle Upon Tyne, Tyne And Wear NE6 1UG2
£95K11/221 mi26, Foundry Court, Newcastle Upon Tyne, Tyne And Wear NE6 1UG2

Local Rents

30 rents from £550/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£69511/240.1 mi-2
£99506/240.3 miCalderdale Avenue, Newcastle upon Tyne2
£72505/240.31 miWelbeck Mews, Walker, NE62
£70006/240.31 miMarondale Avenue, Walkerdene, Newcastle Upon Tyne2
£70006/240.31 miMarondale Avenue, Walkerdene, Newcastle Upon Tyne2
£62507/240.34 miMarondale Avenue, Newcastle upon Tyne, NE62
£70006/240.34 miScarborough Road, Byker, Newcaslte Upon Tyne2
£70007/240.34 miScarborough Road, Byker, Newcaslte Upon Tyne2
£70007/240.34 miScarborough Road, Byker, Newcaslte Upon Tyne2
£75011/240.4 mi-2
£60005/240.42 mi-2
£61512/240.44 mi-2
£75005/240.45 miWeardale Avenue, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 4LE2
£62510/240.47 mi-2
£62502/250.48 mi-2
£59005/240.48 miBenson Road, Newcastle Upon Tyne, NE62
£65002/250.48 mi-2
£55007/240.48 mi-2
£55006/240.48 miCanterbury Street, Newcastle Upon Tyne, NE62
£79505/240.5 miNidsdale Avenue, Newcastle upon Tyne, Tyne and Wear, NE62
£65006/240.57 miGrace Street, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 2RP2
£95006/240.59 miPalmerston Avenue, Walkergate, Newcastle upon Tyne, Tyne and Wear, NE6 4RD2
£78006/240.61 mi-2
£3,50003/250.62 mi-2
£75005/240.62 miJulian Avenue, Walkergate, Newcastle upon Tyne, Tyne and Wear, NE6 4RJ2
£95002/240.62 mi-2
£95003/240.62 mi-2
£90003/240.62 mi-2
£90003/250.62 mi-2
£90003/250.62 mi-2

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.81 miles away

Nearest school

0.40 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £50,000

February 8, 2025

Price changed to £60,000

January 19, 2025

Listed for £70,000

November 29, 2024

Floor Plans

Description

  • Guide Price of £50,000 to £60,000 +
  • Two Bedroom Ground Floor Flat +
  • Ideal First Buy +
  • Spacious Lounge & Master Bedroom +
  • Excellent Road & Transport Links +
  • Close To Amenities +
  • 999 year Lease from 26 February 1993 With No Ground Rent +
  • Council Tax Band A +
  • EPC Rating C +

THIS PROPERTY IS NOW "SALE AGREED" AND THERE ARE TO BE NO FURTHER VIEWINGS - WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE A PROPERTY TO SELL AND WANT ONE OF OUR "GONE" BOARDS TOO! PLEASE GET IN TOUCH

WAS £70,000 NOW A GUIDE PRICE OF £50,000 TO £60,000 TWO BEDROOM GROUND FLOOR FLAT CHAIN FREE

PRIVATE REAR YARD GREAT FIRST BUY APPROXIMATELY £575 PCM RENTAL INCOME

999 PEPPERCORN LEASE FROM 26 FEBRUAY 1993 COUNCIL TAX BAND A ENERGY RATING C

Entrance - Double glazed entrance door into inner hallway.

Lounge - 4.27 max x 4.22 (14'0" max x 13'10") - Double glazed window, radiator. laminate flooring.

Kitchen - 2.65 x 2.58 (8'8" x 8'5") - Double glazed window, vinyl flooring, wall and floor units with work tops over, sink, door to rear yard.

Bedroom 1 - 4.70 x 4.53 max (15'5" x 14'10" max) - Double glazed bay window, radiator, laminate flooring

Bedroom 2 - 2.95 max x 2.18 (9'8" max x 7'1") - Double glazed window, radiator, laminate flooring

Shower Room - 2.88 x 0.97 (9'5" x 3'2") - Shower cubicle, toilet, wash hand basin, vinyl flooring.

External - Private rear yard with rear access gate.

Lease - 999 year Lease from 26 February 1993 With No Ground Rent

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1000 Mbps Upload: 1000 Mbps
Mobile: EE>Likely Three> Likely 02>Likley Vodafone>Likely

Flood Risks - At the time of marketing this information is correct.
Yearly chance of flooding:
Surface water: Low
Rivers and the sea: Very Low

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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