3 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE11 9RB, £200,000

57 Woodside Gardens, Gateshead, Tyne And Wear, NE11 9RB - 3 views - 4 months ago

Sold STC
Cash
ROI: 3%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£50K - £300K
Sold Prices/m²£694/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£184,215

 

 

End Value (After Refurb)

£185,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£35,600

Bridging Loan Interest

£5,250

Total Cash In

£99,800

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,000

Mortgage (After Refinance)

£138,750

Mortgage LTV

75%

Cash Left In

£99,800

Equity

£46,250

Rent Range

£833 - £1,300

Rent Estimate

£1,054

Running Costs/mo

£809

Cashflow/mo

£245

Cashflow/yr

£2,941

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £300K, average is £166K. £694/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£150K10/230 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K12/200 mi27, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£162K05/210.04 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£170K01/210.07 mi28a, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£147K08/210.08 mi7, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£155K01/210.08 mi47, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£245K01/240.08 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£135K06/210.08 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230.08 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230.08 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£190K01/230.08 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£275K12/220.09 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£158K03/230.1 mi20, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£172K05/210.1 mi28, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£152K02/210.1 mi36, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£120K04/210.12 mi6, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£210K10/220.12 mi24, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£182K11/220.13 mi45, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.13 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£195K01/210.13 mi3, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.13 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£180K08/230.13 mi6, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£190K07/240.13 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3
£172K01/240.14 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£50K12/200.14 mi14, Knightside Gardens, Gateshead, Tyne And Wear NE11 9RL3
£153K12/230.16 mi1, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£137K07/230.17 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£140K01/230.18 mi130, Braeside, Gateshead, Tyne And Wear NE11 9RH3
£187K12/220.18 mi5, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£181K10/220.18 mi62, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£292K10/200.19 mi85, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£199K01/210.19 mi58, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£170K07/210.19 mi43, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£265K08/220.19 mi8, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3
£160K07/220.19 mi13, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA3
£212K10/210.19 mi12, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3
£148K12/200.21 mi2, Cypress Crescent, Gateshead, Tyne And Wear NE11 9UY3
£212.5K11/200.23 mi11, Deneside, Gateshead, Tyne And Wear NE11 9QN3
£220K10/210.23 mi13, Hillcrest Drive, Gateshead, Tyne And Wear NE11 9QS3
£185K04/210.24 mi15, Bracken Drive, Gateshead, Tyne And Wear NE11 9QP3
£300K01/240.24 mi22, Bracken Drive, Gateshead, Tyne And Wear NE11 9QP3
£150K03/230.24 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£140K10/230.24 mi17, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£176K10/230.24 mi18, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£159.9K10/210.25 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.25 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£240.1K08/220.25 mi3, Hexham Court, Gateshead, Tyne And Wear NE11 9PZ3
£143K05/210.26 mi84, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RT3

Local Rents

12 rents from £833/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£89504/250.18 mi-3
£83303/250.27 mi-3
£87512/240.29 mi-3
£89506/240.3 mi-3
£99507/240.37 miMalvern Gardens, Lobley Hill, Gateshead3
£1,30006/240.55 mi-3
£1,05005/240.56 miHawthorn House, Lobley Hill3
£1,30006/240.56 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£90003/250.56 mi-3
£1,20011/240.61 mi-3
£1,25001/250.61 mi-3
£99504/240.62 mi-3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.31 miles away

Nearest school

0.50 miles away

Nearest train station

0.35 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £200,000

December 5, 2024

Sold for £190,000

2022

Sold for £155,000

2021

Sold for £43,000

1996

Description

  • Three bedroom semi-detached +
  • Outhouse +
  • Stunning views +
  • Porch entrance +
  • Open plan living +
  • Extensive rear garden +
  • Dining space +
  • Amenities nearby +

Situated in the heart of Dunston is this excellent THREE bedroom family home with a very handy outhouse, a FREEHOLD tenure, stunning views and proudly situated on the popular Woodside Gardens. Exceptional throughout, upgraded to a very high standard by the current owners, and ready to move in.

A handy porch entrance for the hallway including storage from the walled front garden for the open plan living room/kitchen/dining area that flows delightfully to the rear of the property with patio door access to the outhouse and the extensive rear garden.

The three generously sized bedrooms are on the first floor, which all together complement very well the rest of this lovely home, including the family bathroom.

Externally to the rear is the secure garden which is beautifully landscaped with raised patio areas and stunning views, fully fenced off and bordered by mature trees and shrubs, very well maintained and without doubt provides an ample and very desirable outside space. To the front and side of the property is the driveway and parking plus a neat and tidy lawned area.

If you would like to make an Offer:

Please note that Target Property NE will immediately notify the seller when any offer is made on this property. At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.

Tenure:

Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale. Prospective buyers must always make appropriate and further enquiries with their own legal adviser.

Agent Details

Target Property NE, Whickham

07901 862377

Next Steps?

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