3 Bed Flat, Single Let, Gateshead, NE11 9HA, £100,000

Baker Gardens, Dunston, NE11 9HA - 3 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 16%

~93 m²

+6 photos

ValuationUndervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£29,200£29,200

Cash Out
Rent Range	£895 - £1,100£895 - £1,100
Rent Estimate	£896
Running Costs/mo	£512£512
Cashflow/mo	£384£384
Cashflow/yr	£4,608£4,608
ROI	16%16%
Gross Yield	11%11%

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Local Rents

11 rents from £895/mo to £1.1K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£995	04/24	0.15 mi	-	3	Terraced House
£900	03/25	0.22 mi	-	3	Semi-Detached House
£995	06/24	0.23 mi	Bittern Close, Dunston, NE11	3	Terraced House
£895	12/24	0.25 mi	Bittern Close, Gateshead, Tyne and Wear, NE11 9FG	3	Semi-Detached House
£950	05/24	0.34 mi	-	3	Terraced House
£1,100	02/25	0.34 mi	-	3	Terraced House
£995	06/24	0.43 mi	10 Pacha Way, , Gateshead, , Tyne and Wear	3	Terraced House
£895	06/24	0.43 mi	-	3	Terraced House
£1,100	06/24	0.46 mi	Trinity Courtyard, The Staiths, Gateshead, NE8	3	Terraced House
£900	07/24	0.61 mi	May Courtyard, Shrove Pass, Gateshead, NE8	3	Terraced House
£1,000	07/24	0.62 mi	Northside, The Staithes, Dunston	3	Terraced House

Local Area Statistics

Population in NE11	16,34816,348
Population in Gateshead	122,353122,353
Town centre distance	2.61 miles away2.61 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental growth (12m)	+34%+34%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £100,000

December 9, 2024

Description

Three Bedrooms +
First Floor +
Beautifully Renovated +
Modern Kitchen +
Stylish Bathroom +
Rear Yard +
Council Tax Band A +
EPC Rating C +

Set on a pedestrianised frontage, this three bedroom FIRST FLOOR flat has been renovated by the current owners to provide BEAUTIFUL LIVING SPACE. Offering a MODERN FITTED KITCHEN, spacious lounge with bay window, three well-proportioned bedrooms and a STYLISH BATHROOM. The property further benefits from having its own yard to the rear aspect and a lawned garden to the front. Proposing an ideal first time buy or investment opportunity.