2 Bed Flat, Potential PLO/LOA, Gateshead, NE10 8RT, £45,000

13 Glynfellis Court, Gateshead, Tyne And Wear, NE10 8RT - 10 views - 3 months ago

Leasehold
Negative Equity
ROI: 29%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£32.3K - £156K
Sold Prices/m²£467/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£54,900
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£600 - £850

Rent Estimate

£622

Running Costs/mo

£285

Cashflow/mo

£337

Cashflow/yr

£4,044

ROI

29%

Gross Yield

17%

Local Sold Prices

50 sold prices from £32.3K to £156K, average is £84.5K. £467/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£32.3K01/210 mi18, Glynfellis Court, Gateshead, Tyne And Wear NE10 8RT2
£70K08/230.89 mi125, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RF2
£61K08/230.93 mi110, Springwell Road, Wrekenton, Gateshead, Tyne And Wear NE9 7AA2
£85K12/201.12 mi2, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2
£96.5K06/231.12 mi4, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX2
£90K08/211.13 mi15, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH2
£90K08/211.13 mi15, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH2
£156K08/231.13 mi2, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH2
£72.5K06/231.22 mi11, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£70.5K10/201.22 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£81K02/231.22 mi18, George Street, Gateshead, Tyne And Wear NE10 0XT2
£70.5K10/201.22 mi1, Greenfield Terrace, Gateshead, Tyne And Wear NE10 0YH2
£55K10/211.23 mi6, Stainton Drive, Gateshead, Tyne And Wear NE10 9QT2
£99K04/231.25 mi12, Cooperative Crescent, Gateshead, Tyne And Wear NE10 9SQ2
£91.5K02/231.25 mi8, George Street, Gateshead, Tyne And Wear NE10 0XT2
£65K05/211.27 mi62, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ2
£39.1K01/211.27 mi15, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ2
£90K08/231.27 mi18, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£68K02/211.27 mi11, Portland Street, Gateshead, Tyne And Wear NE10 0XX2
£74K06/221.3 mi18, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£77.5K12/201.31 mi34, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£94K06/211.31 mi12, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£80K02/211.31 mi22, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£95K08/231.31 mi28, Cartmel Park, Pelaw, Gateshead, Tyne And Wear NE10 0UZ2
£76K10/221.31 mi30, Princess Street, Pelaw, Gateshead, Tyne And Wear NE10 0QT2
£86K06/221.31 mi36, York Street, Pelaw, Gateshead, Tyne And Wear NE10 0QL2
£69K04/211.33 mi37, St Albans Crescent, Gateshead, Tyne And Wear NE10 9SR2
£149.3K10/221.34 mi24, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£92.5K03/231.34 mi64, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£126.5K07/221.35 mi24, Galloway Road, Gateshead, Tyne And Wear NE10 0BF2
£120K06/211.35 mi26, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£120K12/231.35 mi25, Moss Side, Wrekenton, Gateshead, Tyne And Wear NE9 7UU2
£93K08/211.36 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£79K02/211.36 mi14, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£83K02/231.36 mi19, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£84K10/231.36 mi16, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£98K08/231.36 mi9, Blacklock Close, Gateshead, Tyne And Wear NE9 6AS2
£85K03/241.36 mi4, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB2
£99.5K08/221.38 mi50, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£84K10/211.38 mi54, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£110K08/221.38 mi40, Lauder Way, Pelaw, Gateshead, Tyne And Wear NE10 0BG2
£65K11/201.38 mi37, Gosforth Terrace, Gateshead, Tyne And Wear NE10 0YL2
£107K11/201.39 mi9, Thomas Street, Eighton Banks, Gateshead, Tyne And Wear NE9 7YA2
£82K07/211.39 mi16, Newby Place, Gateshead, Tyne And Wear NE9 6YJ2
£87K03/231.4 mi37, Croxdale Terrace, Gateshead, Tyne And Wear NE10 0RR2
£68K01/211.4 mi55, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£55K04/211.4 mi25, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£80K07/221.4 mi19, Iona Road, Gateshead, Tyne And Wear NE10 9TA2
£91K01/211.41 mi7, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£105K10/201.41 mi25, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2

Local Rents

27 rents from £600/mo to £850/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69504/240.17 mi-2
£69505/240.17 miCotemede, Leam Lane, Gateshead2
£80006/240.25 miHopedene, Leam Lane, Gateshead, Tyne And Wear, NE102
£65003/240.3 miStaneway, Leam Lane2
£65005/240.31 miStaneway, Gateshead2
£74503/250.32 mi-2
£60005/240.89 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£65008/240.94 mi-2
£68508/230.94 mi-2
£69507/240.98 miThe Haynyng, Gateshead, Tyne And Wear, NE102
£77505/241.03 miRydal, Gateshead2
£65006/241.04 miChopwell Gardens, Wrekenton, Gateshead, NE92
£69507/241.05 miStone Street, Gateshead, Tyne And Wear, NE102
£72512/231.07 mi-2
£75005/241.08 miSt. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY2
£77502/241.09 mi-2
£69502/241.12 mi-2
£85007/241.12 miWingrove Terrace, Springwell, Gateshead2
£77506/241.12 miAlbion Terrace, Gateshead2
£62512/231.14 mi-2
£79501/241.15 mi-2
£80007/241.17 miGalloping Green Road, Gateshead2
£80005/241.21 miDonridge, Washington, Tyne and Wear, NE37 1EW2
£60003/251.22 mi-2
£65008/241.22 miWindy Nook Road, Windy Nook2
£65008/241.22 miWindy Nook Road, Gateshead2
£79506/241.23 miCypress Road, Eighton Banks, NE92

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £45,000

-62%

December 6, 2024

Sold for £73,000

2008

Floor Plans

Description

We are delighted to offer to the market this deceptively spacious two bedroom ground floor flat boasting no onward chain. Excellently located with a number of shops, bus stops and the metro all within easy reach this is an ideal purchase for an investor or first time buyer. The accommodation comprises of an entrance hall, lounge, fitted kitchen, two bedrooms and a bathroom. Viewing comes highly recommended.

Communal Entrance
Entrance Hall
Lounge- 14,3 x 14,3
Kitchen- 8,6 x 8,3
Inner Hall
Bedroom 1- 13,4 x 9,11
Bedroom 2- 10,8 x 9,9
Bathroom
Seperate W/C

Agent Details

Bridgfords, Washington

0191 625 0984

Next Steps?

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

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