3 Bed Flat, Single Let, Newcastle upon Tyne, NE6 3AE, £75,000

Byker Terrace, wallsend , Newcastle upon Tyne, Tyne and Wear, NE6 3AE - 4 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 21%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£45K - £206.6K
Sold Prices/m²£616/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£746 - £2,300

Rent Estimate

£805

Running Costs/mo

£415

Cashflow/mo

£390

Cashflow/yr

£4,676

ROI

21%

Gross Yield

13%

Local Sold Prices

50 sold prices from £45K to £206.6K, average is £138.5K. £616/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£115K12/220.09 mi579, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 3AA3
£60K12/220.37 mi335, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£107K08/230.66 mi44, Sutton Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RH3
£59K10/210.67 mi91, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SX3
£46K01/230.76 mi237, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£96K06/230.77 mi20, The Oval, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3LH3
£45K08/230.79 mi231, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£120K11/211.04 mi13, Marleen Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5DN3
£89K01/211.09 mi10, The Riverside, Hebburn, Tyne And Wear NE31 1BG3
£80K09/231.12 mi44, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL3
£130K02/211.14 mi189, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DZ3
£135K03/241.15 mi57, Seventh Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5YD3
£165K11/211.15 mi38, Sixth Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5YN3
£126K06/211.18 mi193, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£118K09/231.18 mi206, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£87K07/231.18 mi30, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH3
£135.5K08/211.18 mi44, Stannington Place, Newcastle Upon Tyne, Tyne And Wear NE6 5HT3
£141.5K12/221.22 mi38, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£165K12/201.22 mi40, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£147.8K12/201.24 mi16, Second Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5XS3
£147.5K04/231.24 mi17a, Second Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5XS3
£156K03/211.25 mi61, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5NB3
£150K10/211.26 mi53, King John Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5XY3
£152.5K11/201.26 mi36, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DQ3
£166K06/211.26 mi142, Cartington Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SJ3
£171K02/231.26 mi114, Cartington Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SJ3
£140K03/231.26 mi142, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£130K07/211.26 mi156, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£141.5K10/201.26 mi106, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£175K08/231.26 mi114, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£130.2K10/211.27 mi114, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£135K04/211.27 mi42, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£206.6K06/231.27 mi67, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5LU3
£129K12/201.28 mi145, Biddlestone Road, Newcastle Upon Tyne, Tyne And Wear NE6 5SP3
£137K10/201.29 mi34, Stannington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5AA3
£173K12/231.29 mi21, Stannington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5AA3
£70K07/231.29 mi8, Atkinson Terrace, Wallsend, Tyne And Wear NE28 6RE3
£115K04/211.29 mi34, King John Street, Newcastle Upon Tyne, Tyne And Wear NE6 5XR3
£150K06/231.29 mi34, King John Street, Newcastle Upon Tyne, Tyne And Wear NE6 5XR3
£127K05/211.3 mi56, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£141K10/201.3 mi120, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£163K03/211.3 mi72, Tosson Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5LW3
£145.9K02/211.3 mi17, Danby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5TE3
£144.2K02/211.31 mi202a, Heaton Road, Newcastle Upon Tyne, Tyne And Wear NE6 5HP3
£171K02/231.31 mi65, Rokeby Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5SU3
£165K03/231.32 mi104, Rokeby Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5SU3
£85K12/221.34 mi54, Station Road, Bill Quay, Gateshead, Tyne And Wear NE10 0RS3
£178.5K04/231.34 mi34, Shaftesbury Grove, Newcastle Upon Tyne, Tyne And Wear NE6 5JB3
£140K09/231.35 mi122, Addycombe Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SQ3
£142K10/231.35 mi24, Danby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5TH3

Local Rents

14 rents from £746/mo to £2.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£79511/240.12 mi-3
£1,00011/240.23 mi-3
£87501/250.27 mi-3
£90012/230.34 mi-3
£95003/250.34 mi-3
£2,10008/240.38 mi-3
£2,10011/240.38 mi-3
£2,10001/250.38 mi-3
£2,30002/250.38 mi-3
£2,20002/240.38 mi-3
£2,20004/240.38 mi-3
£74602/250.4 mi-3
£74602/250.4 mi-3
£92502/250.46 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.82 miles away

Nearest school

0.40 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £75,000

December 6, 2024

Description

This three-bedroom upper flat offers comfortable living with some partial refurbishment. It is situated in a well-connected area, with good transport links making commuting easy. This flat is a great choice for anyone seeking a spacious home with convenient access to local amenities and transport options.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 965

Agent Details

Pattinson Estate Agents, Wallsend

0191 607 6820

Next Steps?

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