4 Bed Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE15 9DF, £349,950

Maple Avenue, Newcastle Upon Tyne, NE15 9DF - 3 views - 3 months ago

Sold STC
Cash
~129 m²
+27 photos

ValuationOvervalued

Sold Prices£162.5K - £630K
Sold Prices/m²£816/m² - £5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.7K/m²

Value Estimate

£305,090

 

 

End Value (After Refurb)

£216,593

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,488

Stamp Duty & Legal Fees

£16,696

Refurb Costs

£49,776

Bridging Loan Interest

£9,186

Total Cash In

£164,896

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£216,593

Mortgage (After Refinance)

£162,445

Mortgage LTV

75%

Cash Left In

£164,896

Equity

£54,148

Rent Range

£695 - £1,200

Rent Estimate

£927

Running Costs/mo

£882

Cashflow/mo

£45

Cashflow/yr

£537

ROI

0%

Gross Yield

3%

Local Sold Prices

50 sold prices from £162.5K to £630K, average is £305K. £816/m² to £5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£198K02/210.16 mi1, North Farm Court, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9DW4
£198K02/210.16 mi1, North Farm Court, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9DW4
£287.5K12/200.24 miBeechcroft, Hexham Road, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9EA4
£290K01/210.99 mi15, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE15 8JG4
£195K11/221.04 mi4, Appletree Court, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 8LD4
£276K06/241.14 mi10, Valerian Avenue, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0EA4
£245K10/201.14 mi11, Valerian Avenue, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0EA4
£390K02/231.23 miThe Grayes, Queens Road, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 8JB4
£200K12/221.26 mi2, Grasmere Avenue, Newburn, Newcastle Upon Tyne, Tyne And Wear NE15 8NH4
£228.5K12/201.29 mi22, The Glade, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XJ4
£305K01/211.29 mi16, The Glade, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XJ4
£245K11/201.29 mi10, The Glade, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XJ4
£322.5K08/211.33 mi2, Deansfield Grove, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XD4
£355K06/211.33 mi6, Deansfield Grove, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XD4
£425K11/221.34 mi2, Abbey Drive, Newcastle Upon Tyne, Tyne And Wear NE5 1QR4
£310K01/211.36 mi8, Deacon Close, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XG4
£293K12/201.36 mi10, Canonsfield Close, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XB4
£422.5K09/201.37 mi14, Aylsham Close, Newcastle Upon Tyne, Tyne And Wear NE5 1QT4
£305K12/221.37 mi4, Marcross Close, North Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9XQ4
£392.5K05/211.37 mi5, Ashford Grove, Newcastle Upon Tyne, Tyne And Wear NE5 1QS4
£174K01/211.4 mi43, Mill Vale, Newburn, Newcastle Upon Tyne, Tyne And Wear NE15 8HF4
£187.5K11/201.4 mi53, Mill Vale, Newburn, Newcastle Upon Tyne, Tyne And Wear NE15 8HF4
£162.5K05/211.4 mi31, Mill Vale, Newcastle Upon Tyne, Tyne And Wear NE15 8HF4
£220K12/201.4 mi14, Mill Vale, Newcastle Upon Tyne, Tyne And Wear NE15 8HF4
£209.9K12/201.4 mi52, Mill Vale, Newburn, Newcastle Upon Tyne, Tyne And Wear NE15 8HF4
£630K11/211.43 mi28, Heddon Banks, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0BU4
£465K10/201.43 mi42, Heddon Banks, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0BU4
£580K06/211.43 mi32, Heddon Banks, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0BU4
£242K12/201.46 mi31, Cayton Grove, Newcastle Upon Tyne, Tyne And Wear NE5 1HL4
£392.5K06/231.49 mi2, Campus Martius, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0BP4
£265K10/201.49 mi55, Nuneaton Way, Newcastle Upon Tyne, Tyne And Wear NE5 1QG4
£298K01/211.55 mi85, Ladybank, Newcastle Upon Tyne, Tyne And Wear NE5 1UP4
£410K03/211.56 mi49, Military Road, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0HA4
£380K08/231.56 mi8, Killiebrigs, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0DD4
£400K11/231.56 mi33, Killiebrigs, Heddon On The Wall, Newcastle Upon Tyne, Northumberland NE15 0DD4
£570K12/201.56 miGavna, Westfield Lane, Ryton, Tyne And Wear NE40 3QE4
£182K11/211.58 mi10, Dorchester Close, Newcastle Upon Tyne, Tyne And Wear NE5 1JN4
£465K11/201.59 miAddison House, Holburn Lane, Ryton, Tyne And Wear NE40 3PF4
£395K07/241.62 mi19, Beckside Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 1BQ4
£296K09/201.62 mi16, Malaga Close, Newcastle Upon Tyne, Tyne And Wear NE5 1YB4
£365K06/221.66 mi14, Reedside, Ryton, Tyne And Wear NE40 3DB4
£410.6K08/211.66 mi8, Holburn Lane Court, Ryton, Tyne And Wear NE40 3PN4
£410K10/211.7 mi19, Mandarin Close, Newcastle Upon Tyne, Tyne And Wear NE5 1YP4
£475K01/231.7 mi10, Mandarin Close, Newcastle Upon Tyne, Tyne And Wear NE5 1YP4
£355K12/201.7 mi17, Mandarin Close, Newcastle Upon Tyne, Tyne And Wear NE5 1YP4
£275K01/211.73 mi21, Ladybank, Newcastle Upon Tyne, Tyne And Wear NE5 1UH4
£205K12/221.74 mi74, Park Field, Ryton, Tyne And Wear NE40 3RN4
£310K10/231.75 mi27, The Chesters, Newcastle Upon Tyne, Tyne And Wear NE5 1AF4
£410K12/201.75 mi28, Marquis Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 1YG4
£190K12/221.76 mi50, Tower Gardens, Ryton, Tyne And Wear NE40 3RR4

Local Rents

12 rents from £695/mo to £1.2K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£1,00001/240.25 mi-3
£1,10002/250.25 mi-3
£90007/240.29 miRavensburn Walk, Throckley3
£85007/240.3 mi-3
£1,20005/240.47 mi-3
£69506/240.51 miSt Marys Place, Throckley3
£90006/240.58 miLeazes Parkway, Throckley, Newcastle Upon Tyne3
£92507/240.67 miThrockley, Newcastle upon Tyne, NE15 9AQ3
£85003/230.72 mi-3
£1,00003/251.17 mi-3
£1,00005/241.17 miDene Terrace, Walbottle, Newcastle Upon Tyne3
£95006/241.19 miMallard Way, Newcastle upon Tyne, NE153

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

4.06 miles away

Nearest school

0.10 miles away

Nearest train station

2.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £349,950

December 7, 2024

Description

  • Four bedroom detached +
  • Attached garage +
  • Block paved driveway +
  • Spacious kitchen/diner +
  • Two en-suite shower rooms +
  • Downstairs WC/washroom +
  • Landscaped garden +
  • Excellent transport links +
  • Schools nearby +
  • Close to amenities +

A stunning FOUR bedroom detached family home with a GARAGE and a FREEHOLD tenure, proudly situated on a corner plot in this popular and modern area of Newcastle Upon Tyne. Exceptional throughout, maintained to a very high standard by the current owners, and is simply outstanding.

Entrance from the block paved drive with dual parking for the large vestibule, access to the reception rooms consisting of a cosy living area with media wall, a very well stocked kitchen/diner with utility which exits to the garden, and there's also a handy downstairs toilet/washroom and a door to the garage. The spacious and modern kitchen also provides access to the beautifully landscaped and impressive rear garden.

The four double bedrooms compliment very well this beautiful home, two of the rooms have an ensuite shower room with exceptional storage throughout and a large walk-in wardrobe, there's also the large family bathroom with its desirable and modern fittings.

Externally the secure and secluded rear garden is beautifully landscaped with decked patio areas for relaxing, fully fenced off and very well maintained and without doubt provides an ample and very desirable outside space. To the front and side of the property, there are part lawned gardens with neat and tidy borders, and the off-road parking.

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?

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