2 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE10 8PG, £130,000

The Mews, Wardley, Gateshead, NE10 8PG - 2 views - 4 months ago

Sold STC
Cash
ROI: 2%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£80K - £200K
Sold Prices/m²£1.1K/m² - £31.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£132,816

 

 

End Value (After Refurb)

£140,000

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£26,136

Bridging Loan Interest

£3,413

Total Cash In

£69,199

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,000

Mortgage (After Refinance)

£105,000

Mortgage LTV

75%

Cash Released

£7,500

Cash Left In

£61,699

Equity

£35,000

Rent Range

£475 - £800

Rent Estimate

£707

Running Costs/mo

£599

Cashflow/mo

£108

Cashflow/yr

£1,297

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £200K, average is £130K. £1.1K/m² to £31.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£130K05/230.05 mi7, Morris Gardens, Gateshead, Tyne And Wear NE10 8TH2
£148K05/210.08 mi37, Montrose Drive, Gateshead, Tyne And Wear NE10 8BG2
£145K01/230.11 mi8, Addison Gardens, Gateshead, Tyne And Wear NE10 8TQ2
£156K02/230.13 mi31, Harvey Crescent, Gateshead, Tyne And Wear NE10 8TL2
£165K03/230.13 mi4, Ferndown Court, Gateshead, Tyne And Wear NE10 8EB2
£165.5K09/220.14 mi6, Lindrick Court, Gateshead, Tyne And Wear NE10 8EF2
£158.5K11/220.2 mi21, Meadowbrook Drive, Gateshead, Tyne And Wear NE10 8HF2
£115K06/210.21 mi33a, Kirkwood Gardens, Gateshead, Tyne And Wear NE10 8TP2
£115K12/200.22 mi2, Broadacre, Gateshead, Tyne And Wear NE10 8UW2
£126K12/220.25 mi10, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH2
£125K05/230.25 mi11, Lytchfeld, Gateshead, Tyne And Wear NE10 8UR2
£147.5K08/230.27 mi15, Follingsby Drive, Gateshead, Tyne And Wear NE10 8YH2
£117K05/210.3 mi28, Glanton Close, Gateshead, Tyne And Wear NE10 8UH2
£100K08/210.31 mi38, Broadbank, Gateshead, Tyne And Wear NE10 8XW2
£116K01/210.31 mi5, Broadbank, Gateshead, Tyne And Wear NE10 8XW2
£160K02/230.31 mi53, Broadbank, Gateshead, Tyne And Wear NE10 8XW2
£130K02/230.31 mi44, Broadbank, Gateshead, Tyne And Wear NE10 8XW2
£106K12/200.32 mi83, West Crescent, Gateshead, Tyne And Wear NE10 8AZ2
£157.1K09/210.33 mi138, Sherburn Way, Gateshead, Tyne And Wear NE10 8TZ2
£80K11/200.34 mi4, Graystones, Gateshead, Tyne And Wear NE10 8DR2
£107.5K02/210.35 mi10, Cole Gardens, Gateshead, Tyne And Wear NE10 8EP2
£135K07/230.35 mi16, Bowburn Close, Gateshead, Tyne And Wear NE10 8UG2
£160K11/200.35 mi24, Bowburn Close, Gateshead, Tyne And Wear NE10 8UG2
£165K10/220.36 mi26, Slaley Close, Gateshead, Tyne And Wear NE10 8TW2
£143.5K06/230.36 mi36, Slaley Close, Gateshead, Tyne And Wear NE10 8TW2
£90K12/200.36 mi7, Broadside, Gateshead, Tyne And Wear NE10 8XR2
£150K04/230.39 mi18, Broadwater, Gateshead, Tyne And Wear NE10 8XS2
£95K02/210.4 mi29, Evanlade, Gateshead, Tyne And Wear NE10 8DA2
£105K06/210.41 mi23, Bradbury Close, Gateshead, Tyne And Wear NE10 8UF2
£113K08/210.41 mi26, Bradbury Close, Gateshead, Tyne And Wear NE10 8UF2
£123K08/210.41 mi24, Bradbury Close, Gateshead, Tyne And Wear NE10 8UF2
£138K11/220.41 mi24, Bradbury Close, Gateshead, Tyne And Wear NE10 8UF2
£129.9K02/230.42 mi27, Evanlade, Gateshead, Tyne And Wear NE10 8DA2
£108K03/210.45 mi59, Lansbury Gardens, Gateshead, Tyne And Wear NE10 8UB2
£115K04/230.49 mi12, Alderwyk, Gateshead, Tyne And Wear NE10 8DB2
£198K11/200.49 mi29, Briardene Drive, Gateshead, Tyne And Wear NE10 8AN2
£200K03/230.49 mi35, Briardene Drive, Gateshead, Tyne And Wear NE10 8AN2
£200K08/230.52 mi5, Silverdale Avenue, Gateshead, Tyne And Wear NE10 8AP2
£166K03/210.53 mi8, Langley Avenue, Gateshead, Tyne And Wear NE10 8BU2
£144K10/220.53 mi68, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£134K10/220.53 mi72, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£115K03/230.54 mi26, Buttermere, Gateshead, Tyne And Wear NE10 0XE2
£134.9K01/210.54 mi25, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£105K10/210.54 mi16, Coniston, Gateshead, Tyne And Wear NE10 0XB2
£120K03/230.54 mi34, Coniston, Gateshead, Tyne And Wear NE10 0XB2
£132K05/230.56 mi16, Whinbrooke, Gateshead, Tyne And Wear NE10 8HR2
£97K05/210.57 mi9, Ennerdale, Gateshead, Tyne And Wear NE10 0XA2
£80K09/210.59 mi14, Wirralshir, Gateshead, Tyne And Wear NE10 8HT2
£91K03/210.6 mi183, Meresyde, Gateshead, Tyne And Wear NE10 8PE2
£90K04/210.62 mi42, Fallowfeld, Gateshead, Tyne And Wear NE10 8QD2

Local Rents

24 rents from £475/mo to £800/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£79506/240.25 miWhitemere Gardens, Gateshead, NE102
£79507/240.25 miWhitemere Gardens, Gateshead, NE102
£79508/240.25 mi-2
£79508/240.25 mi-2
£77505/240.5 miRydal, Gateshead2
£79505/240.66 miRichmond Avenue, Gateshead2
£47505/240.68 miQueen Victoria Street, Gateshead2
£59010/230.69 mi-2
£65006/240.69 miYork Street, Pelaw, Gateshead, Tyne and Wear , NE10 0QL2
£65006/240.69 miQueen Victoria Street, Gateshead, Tyne and Wear2
£60006/240.7 miSouth Parade, Gateshead, NE102
£67507/240.7 miFisherwell Road, Pelaw2
£65006/240.71 miPortland Street, Pelaw, Gateshead2
£65007/240.73 miDuke Street, Pelawm Gateshead2
£72511/230.75 mi-2
£69507/240.75 miBrack Terrace, Bill Quay, Gateshead2
£80006/240.79 miHopedene, Leam Lane, Gateshead, Tyne And Wear, NE102
£65002/250.8 mi-2
£77505/240.83 miWynn Gardens, Pelaw, Gateshead, Tyne and Wear, NE10 0YN2
£69505/240.87 miCotemede, Leam Lane, Gateshead2
£75005/240.92 miSt. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY2
£69504/241.18 mi-2
£69507/241.22 miThe Haynyng, Gateshead, Tyne And Wear, NE102
£75006/241.23 miJohnston Avenue, Hebburn, Tyne And Wear, NE312

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

2.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £130,000

March 8, 2025

Listed for £140,000

November 29, 2024

Floor Plans

Description

  • Tow Bedroomed Semi Detached House +

  • No Chain Involved +

  • Some Updating Required +

  • Council Tax Band B +

  • Approx. Floor Area 82sqM or 885sqFT +

  • EPC RATING D +

Deceptively spacious home available with no chain involved.

Was originally a 3 bedroomed home and could be converted back by putting the bathroom back into bedroom 2 and splitting the bathroom.

Comprises: entrance lobby, lounge with stairs to first floor, under stairs cupboard and feature fireplace, kitchen with built-in gas hob and electric oven, plumbing for washing machine, space for under counter fridge and freezer, sliding doors to conservatory which has French doors to the rear garden, first floor landing with access to loft space, front double bedroom with sliding door fitted wardrobes, side single bedroom and a large fully tiled bathroom/WC with four piece suite including heated towel rail, shower cubicle, jacuzzi bath, wash basin and WC.

Front garden with lawn and mature shrubs.

Garage in block opposite the home.

Rear garden with lawn and shed.

Gas central heating system via a combi boiler located in the kitchen and sealed unit double glazing.

We understand the property is Freehold.

Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QLF240251/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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