3 Bed Terraced House, Cash/Bridging Only, Gateshead, NE10 9JL, £130,000

12 Brearley Way, Gateshead, Tyne And Wear, NE10 9JL - 3 views - 4 months ago

Cash
ROI: 5%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£55K - £217.5K
Sold Prices/m²£1.1K/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£119,421

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£35,687

Bridging Loan Interest

£3,413

Total Cash In

£78,449

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£119,421

Mortgage (After Refinance)

£89,566

Mortgage LTV

75%

Cash Left In

£78,449

Equity

£29,855

Rent Range

£575 - £3,500

Rent Estimate

£916

Running Costs/mo

£576

Cashflow/mo

£340

Cashflow/yr

£4,075

ROI

5%

Gross Yield

8%

Local Sold Prices

51 sold prices from £55K to £217.5K, average is £131K. £1.1K/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K07/230.02 mi2, Brearley Way, Gateshead, Tyne And Wear NE10 9JL3
£107K06/210.06 mi2, Dexter Way, Gateshead, Tyne And Wear NE10 9JJ3
£138K12/200.06 mi26, Flexbury Gardens, Felling, Gateshead, Tyne And Wear NE10 9JA3
£166K02/230.06 mi6, Flexbury Gardens, Felling, Gateshead, Tyne And Wear NE10 9JA3
£160K02/230.06 mi22, Flexbury Gardens, Felling, Gateshead, Tyne And Wear NE10 9JA3
£90K12/200.18 mi20, Wellington Street, Felling, Gateshead, Tyne And Wear NE10 0BH3
£90K02/210.18 mi16, Wellington Street, Felling, Gateshead, Tyne And Wear NE10 0BH3
£125K11/220.22 mi32, Victoria Avenue, Gateshead, Tyne And Wear NE10 9HR3
£115K06/210.24 mi89, Nursery Lane, Gateshead, Tyne And Wear NE10 9TH3
£180K09/220.28 mi19, Coldwell Lane, Gateshead, Tyne And Wear NE10 9EX3
£150K10/210.3 mi25, Coldwell Lane, Gateshead, Tyne And Wear NE10 9EX3
£85K06/210.3 mi9, Mersey Place, Gateshead, Tyne And Wear NE8 3ST3
£120K04/210.31 mi15, Brettanby Road, Gateshead, Tyne And Wear NE10 9HA3
£119K09/230.31 mi5, The Avenue, Felling, Gateshead, Tyne And Wear NE10 0JA3
£175K07/230.32 mi33, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY3
£159.9K10/230.32 miTynelea, Nursery Lane, Gateshead, Tyne And Wear NE10 9TE3
£200K03/210.36 mi28, Coldwell Park Drive, Gateshead, Tyne And Wear NE10 9BY3
£95K06/210.36 mi22, Montrose Crescent, Gateshead, Tyne And Wear NE9 5NN3
£140K10/220.38 mi242, Sunderland Road, Gateshead, Tyne And Wear NE8 3ED3
£165K12/220.38 mi13, Wellfield Terrace, Windy Nook, Gateshead, Tyne And Wear NE10 9BU3
£160K11/220.39 mi15, Wellfield Terrace, Windy Nook, Gateshead, Tyne And Wear NE10 9BU3
£111.3K11/220.39 mi63, Hendon Road, Gateshead, Tyne And Wear NE8 3UD3
£109K10/230.39 mi99, Hendon Road, Gateshead, Tyne And Wear NE8 3UD3
£93K02/230.39 mi55, Medway Crescent, Gateshead, Tyne And Wear NE8 3SN3
£123.5K05/230.41 mi36, Nursery Lane, Gateshead, Tyne And Wear NE10 9TB3
£136K10/200.41 mi27, Rectory Road, Felling, Gateshead, Tyne And Wear NE10 9DH3
£105K02/230.41 mi11, Greenbourne Gardens, Gateshead, Tyne And Wear NE10 9TD3
£89K02/210.43 mi9, Esk Street, Gateshead, Tyne And Wear NE9 5NJ3
£130K06/230.45 mi6, Doddington Villas, Gateshead, Tyne And Wear NE10 9DB3
£135K03/210.45 mi11, Rowlandson Terrace, Gateshead, Tyne And Wear NE10 9PN3
£80K04/210.45 mi27, Eastwood Gardens, Felling, Gateshead, Tyne And Wear NE10 0AH3
£125K10/230.46 mi196, Carr Hill Road, Gateshead, Tyne And Wear NE9 5NA3
£147.5K03/230.47 mi15, Bishops Park Road, Gateshead, Tyne And Wear NE8 3FF3
£150K03/230.47 mi21, Bishops Park Road, Gateshead, Tyne And Wear NE8 3FF3
£106K01/210.48 mi14, Kings Close, Gateshead, Tyne And Wear NE8 3PW3
£175K06/240.49 mi21, Fleetwood Way, Gateshead, Tyne And Wear NE8 3FD3
£115K03/210.5 mi29, Bondene Avenue West, Gateshead, Tyne And Wear NE10 9NL3
£100K07/230.5 mi38, Bondene Avenue West, Gateshead, Tyne And Wear NE10 9NL3
£127K10/230.52 mi92, Broadway, Gateshead, Tyne And Wear NE9 5QB3
£217.5K10/220.52 mi30, Oval Park View, Gateshead, Tyne And Wear NE10 9DS3
£115K11/200.52 mi4, Sycamore Grove, Felling, Gateshead, Tyne And Wear NE10 9PR3
£132K12/200.52 mi3, Sycamore Grove, Felling, Gateshead, Tyne And Wear NE10 9PR3
£131K07/230.52 mi4, Sycamore Grove, Felling, Gateshead, Tyne And Wear NE10 9PR3
£131K07/230.52 mi4, Sycamore Grove, Felling, Gateshead, Tyne And Wear NE10 9PR3
£140K12/200.52 mi7, Rectory Road East, Gateshead, Tyne And Wear NE10 9DN3
£140K12/200.52 mi7, Rectory Road East, Gateshead, Tyne And Wear NE10 9DN3
£145K01/230.53 mi68, The Avenue, Sheriff Hill, Gateshead, Tyne And Wear NE9 5PP3
£168K08/210.54 mi13, Oval Park View, Gateshead, Tyne And Wear NE10 9DS3
£172.5K09/210.54 mi10, Oval Park View, Gateshead, Tyne And Wear NE10 9DS3
£55K01/240.54 mi76, Howe Street, Gateshead, Tyne And Wear NE8 3PP3
£153K08/210.58 mi7, Warburton Crescent, Gateshead, Tyne And Wear NE9 5LJ3

Local Rents

40 rents from £575/mo to £3.5K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£57507/240.2 miHigh Street, Felling Central3
£57507/240.2 miHigh Street, Felling Central3
£72507/240.21 miWoodlands Terrace, Felling, Gateshead3
£1,19504/240.23 mi-3
£1,19505/240.23 miOban Terrace, Gateshead, NE103
£65008/240.25 miTulip Street, Felling, Gateshead, NE103
£67505/240.27 miMulberry Street, Gateshead, Tyne And Wear, NE103
£65007/240.27 miMulberry Street, Gateshead, Tyne And Wear, NE103
£72507/240.32 mi-3
£85011/240.32 mi-3
£3,50003/250.33 mi-3
£57506/240.35 miThe Avenue, Felling, Gateshead3
£95007/240.36 miChurchill Road, Felling3
£92506/240.36 miChurchill Road, Gateshead3
£92506/240.36 miChurchill Road, Gateshead, NE83
£69512/230.37 mi-3
£82506/240.38 miHopper Road, Windy Nook, Gateshead, NE103
£99506/240.4 miBishops Park Road, Gateshead, NE83
£95012/240.45 mi-3
£89507/240.46 miFleetwood Way, Gateshead, NE83
£96512/240.47 mi-3
£89506/240.48 miNorthway, Gateshead3
£1,09506/240.49 mi-3
£3,50003/250.49 mi-3
£77505/240.5 miBondene Avenue West, Gateshead, Tyne & Wear3
£2,35006/240.5 mi-3
£2,35007/240.5 mi-3
£2,20003/250.5 mi-3
£1,10006/240.51 miBeech Street, Gateshead, Tyne and Wear, NE83
£69907/240.52 miKing Edward Street, Gateshead, NE83
£65008/240.52 mi-3
£69506/240.52 miHowe Street, Gateshead, Tyne and Wear, NE83
£1,00002/250.53 mi-3
£1,10007/240.53 miAngel Avenue, Gateshead, Tyne and Wear, NE83
£62507/240.53 miStuart Terrace, Felling, Newcastle upon Tyne, NE10 0ET3
£65007/240.53 miStuart Terrace, Felling, Newcastle upon Tyne, NE10 0ET3
£79502/240.53 mi-3
£85007/240.54 miHowe Street, Gateshead, NE83
£85008/240.54 mi-3
£90005/240.54 miSycamore Grove, Felling, Gateshead, NE103

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £130,000

December 3, 2024

Sold for £21,300

1998

Floor Plans

Description

  • Three Bedroomed Mid Terraced House +

  • No Chain Involved +

  • Modern kitchen/breakfasting room +

  • Approx. Floor Area: +

  • Council Tax Band A +

  • EPC RATING C +

Three bedroomed mid terraced house with no chain involved. Ideal for first time buyers and families.

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.

Comprises: entrance porch to the hall, cloakroom/WC, lounge, and a kitchen/breakfast room with tri-folding doors. The first floor has three bedrooms and a modern fitted bathroom.

Externally there are gardens to the front and rear, the rear has gated access.

Entrance porch - cloaks cupboard.

Hall - Stairs to first floor coving to the ceiling.

Cloakroom/WC - Low level WC, vanity hand wash basin, and an extractor fan.

Lounge - Bow window to the front, coving to the ceiling, television point, and a wall-mounted living flame gas fire.

Kitchen/Breakfast room - Matching base and wall units with work surfaces over, splash back tiles, single sink with a mixer tap and a drainer, plumbing for a washing machine, electric hob, stainless steel extractor hood over, eye level double oven, concealed central heating boiler, integrated slimline dishwasher and fridge freezer, tri-folding door to the rear, coving to the ceiling.

Landing - loft access, coving to the ceiling, and a cupboard.

Bedroom 1 - laminate floor, coving to the ceiling, and a fitted wardrobe.

Bedroom 2 - Double glazed French doors with a Juliet balcony, coving to the ceiling, laminate floor and fitted wardrobe.

Bedroom 3 - coving to the ceiling.

Bathroom/WC - Three piece white coloured bathroom suite comprising, low level WC, vanity hand wash basin, bath with a screen and shower over, heated towel rail, tiled walls and floor, and an extractor fan.

Externally there are gardens to the front and rear.

We understand the property is Freehold.

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.

QLF240469/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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