2 Bed Flat, Single Let, Wallsend, NE28 7PR, £75,000

Richardson Street, Wallsend, NE28 7PR - 1 views - 5 months ago

Under Offer
BTL
ROI: 9%
~69 m²
+10 photos

ValuationUndervalued

Sold Prices£50K - £131.3K
Sold Prices/m²£758/m² - £1.8K/m²

 

 

Square Metres

~69 m²
Price/m²£1.1K/m²

Value Estimate

£87,712
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£525 - £825

Rent Estimate

£550

Running Costs/mo

£364

Cashflow/mo

£186

Cashflow/yr

£2,228

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £80K. £758/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K01/230.04 mi38, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£50K01/210.04 mi1, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£78K12/220.04 mi9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB2
£80K07/230.07 mi44, Grey Street, Wallsend, Tyne And Wear NE28 7SE2
£80K07/230.07 mi10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ2
£87.2K02/230.08 mi78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX2
£55K11/210.11 mi41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£60K01/210.11 mi11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£89K05/240.15 mi53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.15 mi17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.15 mi19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£80K01/230.17 mi88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£85K08/210.17 mi122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.17 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£50K12/220.17 mi244, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£72K03/210.19 mi33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU2
£75K11/220.22 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£69K12/230.23 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£53.3K09/230.24 mi137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£72K10/230.24 mi131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£71K07/230.25 mi106, Park Road, Wallsend, Tyne And Wear NE28 7QR2
£71K03/210.26 mi314, High Street East, Wallsend, Tyne And Wear NE28 7JZ2
£60.8K02/230.27 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£87.5K10/220.31 mi45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB2
£73K10/230.34 mi34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K10/200.34 mi30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£95.5K12/220.34 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.34 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.34 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£59.5K06/230.35 mi12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH2
£131.3K09/230.35 mi204, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£85K02/210.35 mi248, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£80K10/200.35 mi35, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£80K09/230.35 mi73, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£80K05/230.37 mi60, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£66K05/210.37 mi90, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£86K03/240.37 mi56, Deneholm, Wallsend, Tyne And Wear NE28 7HD2
£105K08/230.41 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.41 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£69.5K07/210.41 mi30, David Street, Wallsend, Tyne And Wear NE28 8RA2
£59K01/210.42 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£57.5K02/210.43 mi17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY2
£66K03/240.43 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£78K12/220.45 mi38, John Street, Wallsend, Tyne And Wear NE28 8QX2
£85K12/220.45 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£75K07/210.46 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£85K09/230.54 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£90K03/240.55 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£82.5K07/230.55 mi25, North Road, Wallsend, Tyne And Wear NE28 8LF2
£95K10/200.56 mi11, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2

Local Rents

26 rents from £525/mo to £825/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£55009/230.03 mi-2
£57506/240.04 miPercy Street, Wallsend2
£65005/240.12 miDene Crescent, Wallsend. NE28 7SN. ** Garden & Drive **2
£55007/240.14 miDene Crescent, Wallsend2
£55007/240.14 miDene Crescent, Wallsend2
£57507/240.17 miHigh Street East, Wallsend, Tyne and Wear, NE28 7RX2
£65006/240.17 miWallsend, Tyne and Wear, NE282
£59507/240.17 miDene Crescent, Wallsend, Tyne and Wear, NE282
£65006/240.17 miCoronation Street, Wallsend, North Tyneside, NE282
£65011/230.22 mi-2
£69511/240.22 mi-2
£52505/240.24 miHolly Avenue, Wallsend2
£67504/240.24 mi-2
£72007/240.27 mi-2
£72512/240.31 mi-2
£80005/240.33 mi-2
£75004/240.33 mi-2
£60010/230.34 mi-2
£62002/250.4 mi-2
£62505/240.41 miHugh Street, Wallsend, NE282
£82511/240.43 mi-2
£82502/250.43 mi-2
£59505/240.54 mi-2
£55006/240.58 miSouth Terrace, Wallsend, NE282
£79507/240.61 mi-2
£79507/240.61 miWallsend, Tyne And Wear, NE282

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £75,000

February 28, 2025

Price changed to £86,000

January 31, 2025

Price changed to £88,000

January 19, 2025

Price changed to £82,000

January 2, 2025

Price changed to £84,000

December 26, 2024

Price changed to £86,000

December 20, 2024

Price changed to £88,000

December 14, 2024

Listed for £90,000

December 4, 2024

Floor Plans

Description

  • Perfect First Time Buyer Opportunity +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 Bedroom Flat located in Wallsend. With a spacious lounge and easy access to local amenities, this is the perfect opportunity for a buyer looking to move up the property ladder.

This well-kept home features spacious rooms, a modern kitchen, and convenient parking exterior to the property building.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪