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











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£895 - £1,100

Rent Estimate

£896

Running Costs/mo

£512

Cashflow/mo

£384

Cashflow/yr

£4,608

ROI

16%

Gross Yield

11%













Local Rents

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

RentDateDistanceAddressBeds 
£99504/240.15 mi-3
£90003/250.22 mi-3
£99506/240.23 miBittern Close, Dunston, NE113
£89512/240.25 miBittern Close, Gateshead, Tyne and Wear, NE11 9FG3
£95005/240.34 mi-3
£1,10002/250.34 mi-3
£99506/240.43 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3
£89506/240.43 mi-3
£1,10006/240.46 miTrinity Courtyard, The Staiths, Gateshead, NE83
£90007/240.61 miMay Courtyard, Shrove Pass, Gateshead, NE83
£1,00007/240.62 miNorthside, The Staithes, Dunston3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+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.

Agent Details

Sarah Mains Residential Sales and Lettings, Whickham

0191 625 1022

Next Steps?

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