3 Bed Terraced House, Single Let, Washington, NE37 2EQ, £95,000

Franklin Court, Concord, Washington, NE37 2EQ - 5 views - 4 months ago

Sold STC
BTL
ROI: 9%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£67K - £220K
Sold Prices/m²£761/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£114,815
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£600 - £3,300

Rent Estimate

£652

Running Costs/mo

£447

Cashflow/mo

£205

Cashflow/yr

£2,457

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £67K to £220K, average is £115K. £761/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£71.5K10/200 mi14, Franklin Court, Washington, Tyne And Wear NE37 2EQ3
£82.5K10/200 mi15, Franklin Court, Washington, Tyne And Wear NE37 2EQ3
£107.5K05/210.06 mi13, Baltimore Court, Washington, Tyne And Wear NE37 2HU3
£105K12/230.07 mi56, Baltimore Court, Washington, Tyne And Wear NE37 2HX3
£115K01/230.13 mi60, Baltimore Court, Washington, Tyne And Wear NE37 2HX3
£95K02/210.14 mi2, Morris Street, Washington, Tyne And Wear NE37 2TQ3
£110K05/210.14 mi7, Morris Street, Washington, Tyne And Wear NE37 2TQ3
£95K02/210.14 mi2, Morris Street, Washington, Tyne And Wear NE37 2TQ3
£85K02/230.14 mi5, The Oval, Washington, Tyne And Wear NE37 2QB3
£122.5K12/200.19 mi50, Glendale Avenue, Washington, Tyne And Wear NE37 2JP3
£135K10/230.19 mi20, Glendale Avenue, Washington, Tyne And Wear NE37 2JP3
£84K10/210.21 mi25, Beverley Court, Washington, Tyne And Wear NE37 2DY3
£185K11/230.23 mi20, Manor Park, Washington, Tyne And Wear NE37 2BS3
£105K12/230.23 mi2, Manor Park, Washington, Tyne And Wear NE37 2BS3
£220K11/230.24 mi3, Wessington Terrace, Washington, Tyne And Wear NE37 2DQ3
£74K12/200.25 mi2, Aintree Close, Washington, Tyne And Wear NE37 2AE3
£76.5K05/230.25 mi71, Laurens Court, Washington, Tyne And Wear NE37 2EF3
£90K09/210.26 mi1, Urban Gardens, Washington, Tyne And Wear NE37 2BZ3
£75K02/230.26 mi84, Park Avenue, Washington, Tyne And Wear NE37 2QS3
£158K03/240.27 mi56, Swirral Edge, Washington, Tyne And Wear NE37 1UP3
£170K08/220.27 mi65, Swirral Edge, Washington, Tyne And Wear NE37 1UP3
£117.5K04/210.28 mi12, Ennerdale, Washington, Tyne And Wear NE37 1BN3
£109K05/210.28 mi25, Ennerdale, Washington, Tyne And Wear NE37 1BN3
£165K12/200.3 mi26, Manor Park, Washington, Tyne And Wear NE37 2BT3
£105K11/200.31 mi23, Langdale, Washington, Tyne And Wear NE37 1UE3
£130K01/230.31 mi23, Langdale, Washington, Tyne And Wear NE37 1UE3
£137K02/230.31 mi30, Western Terrace, Washington, Tyne And Wear NE37 2DS3
£85K09/230.31 mi72, Hertburn Gardens, Washington, Tyne And Wear NE37 2DJ3
£83K09/220.33 mi11, Weardale Avenue, Washington, Tyne And Wear NE37 2JT3
£110K05/210.34 mi19, Langdale, Washington, Tyne And Wear NE37 1UE3
£67K10/210.34 mi9, Coverdale Avenue, Washington, Tyne And Wear NE37 2JL3
£100K08/240.34 mi274, Coach Road Estate, Washington, Tyne And Wear NE37 2EX3
£115K12/200.35 mi31, Wharfedale Avenue, Washington, Tyne And Wear NE37 2JX3
£130K05/230.35 mi27, Wharfedale Avenue, Washington, Tyne And Wear NE37 2JX3
£121K11/200.35 mi41, Saddleback, Washington, Tyne And Wear NE37 1BX3
£124K12/230.35 mi33, Saddleback, Washington, Tyne And Wear NE37 1BX3
£120K03/230.36 mi36, Ennerdale, Washington, Tyne And Wear NE37 1BW3
£133K11/230.36 mi129, Spout Lane, Washington, Tyne And Wear NE37 2UD3
£130K10/220.36 mi12, Coverdale Avenue, Washington, Tyne And Wear NE37 2JL3
£119K04/240.37 mi28, Bridekirk, Washington, Tyne And Wear NE37 1UD3
£132K08/220.37 mi131, Spout Lane, Washington, Tyne And Wear NE37 2UD3
£88K08/220.37 mi13, Garsdale Avenue, Washington, Tyne And Wear NE37 2JZ3
£110K07/230.37 mi66, Burnway, Washington, Tyne And Wear NE37 1QQ3
£137.5K10/230.37 mi19, Saddleback, Washington, Tyne And Wear NE37 1BU3
£119.5K06/210.37 mi68, Langdale, Washington, Tyne And Wear NE37 1UG3
£130K01/240.37 mi59, Langdale, Washington, Tyne And Wear NE37 1UG3
£116K08/230.37 mi85, Langdale, Washington, Tyne And Wear NE37 1UQ3
£130K02/230.38 mi35, Saddleback, Washington, Tyne And Wear NE37 1BX3
£147K08/240.39 mi96, Langdale, Washington, Tyne And Wear NE37 1UH3
£95K04/240.39 mi17, Blencathra, Washington, Tyne And Wear NE37 1SD3

Local Rents

26 rents from £600/mo to £3.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£77506/240.19 miRichardson Terrace, Washington, Tyne and Wear, NE37 2QJ3
£67505/240.21 miBeverley Court, Washington, NE373
£67504/240.21 mi-3
£67504/240.21 mi-3
£65907/230.25 mi-3
£70012/240.26 miHertburn Gardens, Concord , Washington3
£75007/240.27 miUrban Gardens , Concord, Washington3
£3,30003/250.35 mi-3
£67505/240.36 miBridekirk, Washington3
£75007/240.36 mi123 Spout Lane3
£95006/240.38 miKingsdale Avenue, Washington3
£66012/230.41 mi-3
£67506/240.41 miHeatherlea Place, Washington, Tyne And Wear, NE373
£75007/240.43 miBrackenway, Albany, Washington, Tyne And Wear, NE37 3
£2,25006/240.45 mi-3
£2,25006/240.45 mi-3
£2,70803/250.45 mi-3
£70006/240.47 miCrossgill, Albany, Washington, Tyne and Wear, NE373
£79503/250.49 mi-3
£77512/230.51 mi-3
£75005/240.51 miThe Pantiles, Washington, Tyne and Wear, NE37 2TU3
£60004/240.53 mi-3
£95005/240.55 miRushmore Grange, Washington Village3
£65006/240.56 miArklecrag, Albany,Washington, Tyne and Wear, NE373
£72505/240.58 miCoach Road Estate,Washington, Tyne And Wear3
£75006/240.59 miWellburn Road, Washington3

Local Area Statistics

Population in NE37

21,032

Population in Washington

52,264

Town centre distance

0.84 miles away

Nearest school

0.30 miles away

Nearest train station

2.78 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+71%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £95,000

December 8, 2024

Floor Plans

Description

  • Three bedroom mid terrace +
  • Perfect first time buyer opportunity +
  • Popular estate +
  • No onward chain +
  • Council Tax Band A +
  • Awaiting EPC +

Fantastic opportunity to get on the property ladder with this three bedroom mid terrace on a popular estate in Washington.

Featuring good sized rooms and a low maintenance back garden, this well-loved family home is ready for a fresh outlook and updating throughout.

Property comprises of entrance vestibule with storage, large living/dining room through to a kitchen with access to the rear garden.

Upstairs there is a separate bath and toilet with two double bedrooms and a smaller single bedroom.

Close to local amenities and schools, this will appeal to many.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QWS240346/2

Agent Details

YOUR MOVE Chris Stonock, Washington

0191 625 0779

Next Steps?

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