4 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE27 0SA, £200,000

6 Havelock Road, Newcastle Upon Tyne, Tyne And Wear, NE27 0SA - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~129 m²
+11 photos

ValuationFair Value

Sold Prices£90K - £413K
Sold Prices/m²£954/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£204,000

 

 

End Value (After Refurb)

£275,068

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£49,479

Bridging Loan Interest

£5,250

Total Cash In

£113,679

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,068

Mortgage (After Refinance)

£206,301

Mortgage LTV

75%

Cash Released

£56,301

Cash Left In

£57,378

Equity

£68,767

Rent Range

£795 - £1,655

Rent Estimate

£1,203

Running Costs/mo

£1,120

Cashflow/mo

£83

Cashflow/yr

£994

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £413K, average is £268.8K. £954/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£102.5K02/230.02 mi8, Havelock Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SA4
£200K02/230.02 mi63, Harle Road, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RZ4
£270K08/210.08 mi49, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£170K11/230.1 mi25, Harlow Avenue, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SF4
£413K11/220.1 mi51, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£320K03/230.1 mi93, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£290K02/230.1 mi89, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£330K05/230.1 mi11, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£252K10/200.1 mi7, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£258K02/210.1 mi95, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£310K03/210.1 mi25, Meadow Vale, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0BD4
£262K12/200.17 mi1, Algernon Drive, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RN4
£227.5K03/210.21 mi9, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL4
£230K03/210.21 mi50, Fenwick Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0RL4
£320K03/240.28 mi46, Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BP4
£290K03/230.36 mi28, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BW4
£340K12/200.38 mi51, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ4
£345K01/230.38 mi53, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ4
£295K04/210.38 mi51, Brookfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BJ4
£293K01/230.42 mi27, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£332.6K07/210.42 mi61, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£217.5K08/210.42 mi74, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ4
£267.5K03/210.43 mi119, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BE4
£90K10/210.46 mi23, Harrow Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0QY4
£145K11/200.46 mi9, Harrow Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0QY4
£277K10/200.46 mi197, Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0BU4
£310K04/210.47 mi61, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR4
£365K10/220.53 mi1, Rushbury Court, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0SR4
£242K11/200.55 mi51, Holyfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0EU4
£300K04/210.55 mi17, Acorn Lane, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GE4
£281K10/220.63 mi55, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD4
£260K02/210.63 mi51, Murrayfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear NE27 0RD4
£139.9K10/200.65 mi2, Lower Crone Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HN4
£260K12/220.68 mi17, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW4
£299.9K12/230.68 mi14, St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UW4
£370K03/210.71 mi11, East Farm Mews, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0FB4
£295K12/220.71 mi65, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£250K05/210.71 mi18, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£220K01/210.71 mi31, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£275K12/200.71 mi83, St Cuthberts Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UZ4
£277.5K09/230.72 mi9, Dukes Cottages, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AW4
£230K09/210.72 mi17, Brunswick Road, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0TP4
£225K04/230.73 mi44, Whitley Road, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0DB4
£235K03/210.77 mi2, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR4
£275K03/210.77 mi14, Harlebury, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0AR4
£230K06/210.79 mi146, Park Lane, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0TW4
£280K06/230.87 mi34, Aidan Close, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UP4
£263K12/200.89 mi53, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4
£235K12/200.89 mi32, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4
£239.9K02/210.89 mi49, Carlisle Way, Holystone, Newcastle Upon Tyne, Tyne And Wear NE27 0UR4

Local Rents

16 rents from £795/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.27 miHotspur North, Backworth, NE273
£1,40012/240.27 miHotspur North, Backworth, NE273
£1,05005/240.28 miViscount Close, Shiremoor, Newcastle Upon Tyne3
£1,40007/240.28 miParkside View, Backworth, Newcastle Upon Tyne3
£1,57502/250.33 mi-4
£1,65503/250.33 mi-4
£85007/240.41 mi-3
£85007/240.41 miKirkland Walk, Shiremoor, Newcastle Upon Tyne, NE273
£1,30005/240.43 miDukesfield, Shiremoor, Newcastle Upon Tyne4
£1,60007/240.48 miCloverfield, West Allotment, NE274
£1,50005/240.5 miBayfield, Northumberland Park4
£1,20005/240.5 miHolyfields, West Allotment, Newcastle Upon Tyne, NE273
£1,00003/250.51 mi-3
£1,20002/240.54 mi-3
£1,10007/240.55 miEarlsmeadow, Shiremoor3
£79505/240.58 miOld Co-Op Buildings, Church Road, Backworth3

Local Area Statistics

Population in NE27

12,335

Population in Newcastle upon Tyne

381,037

Town centre distance

5.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

-8%

Property History

Listed for £200,000

December 5, 2024

Sold for £28,500

2000

Floor Plans

Description

  • Family Home +
  • Chain Free +
  • West Facing Garden +
  • Council Tax A +
  • Driveway Parking +
  • Groundfloor WC +
  • Home Office +
  • EPC C +

End of Chain family home boasting over 1,000SQFT of living space and within good commuting range of the Cobalt, Newcastle and further afield. Offering expansion (subject to planning) and renovation potential, this well proportioned semi-detached property is sure to attract a wide range of buyers, from first time buyers through to investors.

The property comprises briefly of :- Entrance Hall, Sitting Room, Kitchen / Diner, Ground, Ground Floor W/C. To the first-floor:- Three double bedrooms, Family bathroom, Loft Access, Fourth Bedroom / Office. Externally the property benefits from a west backing garden and a large storage area.

Contact Hunters north Shields today to organise a viewing on this property.

External - Side access to the rear garden through the storage, as well as hard standing for up to two cars.

Entrance Hallway - 2.16 x 4.35 (7'1" x 14'3") - UPVC doors proving access to central hallway, with stairs to first floor, Living Room off to the right and Kitchen to the rear.

Living Room - 4.76 x 4.12 (15'7" x 13'6") - 200SQFT Living Room with chimney breast wall and double glazed window to the front of the property.

Kitchen / Dining Room - 6.86 x 2.84 (22'6" x 9'3") - Kitchen Dining room with views and access to the rear garden, offering a good amount of cabinet storage, as well as access to the;

Groundfloor Wc - 0.86 x 1.68 (2'9" x 5'6") - Ground floor WC with Toilet and Basin.

Landing / Hallway - 4.01 x 1.32 (13'1" x 4'3" ) - From stairs, Offering access to the Family Bathroom, Four Bedrooms and Loft Hatch.

Bedroom One - 4.23 x 2.73 (13'10" x 8'11") - Master Bedroom to front of property, with sliding wardrobes providing storage.

Bedroom Two - 2.68 x 3.81 (8'9" x 12'5") - Double Bedroom to the rear of the house with sliding wardrobes.

Bathroom - 1.51 x 2.39 (4'11" x 7'10") - Family Bathroom to the Rear of the house with; walk in shower, toilet and basin.

Bedroom Three - 2.41 x 2.87 (7'10" x 9'4") - Double Bedroom to the Rear of the house.

Office / Bedroom Four - 2.47 x 3.36 (maximum) (8'1" x 11'0" (maximum)) - Home Office / Fourth Bedroom to the front of the house, with built in storage.

Rear Garden - West Facing Garden laid mostly to lawn.

Storage Space - Brick built storage at side of house, accessible from, both front and rear.

Agent Details

Hunters, North Shields

0191 290 6000

Next Steps?

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