2 Bed Terraced House, Single Let, Newcastle upon Tyne, NE16 6NH, £120,000

Cooperative Terrace, Burnopfield, NE16 6NH - 3 months ago

Sold STC
BTL
ROI: 4%
~68 m²
+8 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£625 - £1,000

Rent Estimate

£625

Running Costs/mo

£520

Cashflow/mo

£105

Cashflow/yr

£1,260

ROI

4%

Gross Yield

6%













Local Rents

12 rents from £625/mo to £1K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£75005/240.08 miRaglan Place, Newcastle Upon Tyne2
£75009/240.58 mi-2
£62510/230.63 mi-2
£65005/240.67 miBirch Mews, Burnopfield, Newcastle upon Tyne, Durham, NE16 6LL2
£65011/230.69 mi-2
£67505/240.69 mi-2
£62505/240.75 miSyke Road, Burnopfield, Newcastle upon Tyne, Durham, NE16 6HD2
£69506/240.8 miGaresfield Gardens, Burnopfield2
£75007/240.82 miBriardene, Burnopfield2
£75002/250.86 mi-2
£62512/230.87 mi-2
£1,00005/241.22 miStation Road, Rowlands Gill, NE392

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

7.47 miles away

Nearest school

0.50 miles away

Nearest train station

4.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £120,000

December 9, 2024

Sold for £42,000

1997

Floor Plans

Description

  • Two bedroom stone built terraced house +
  • Character features throughout +
  • Spacious living room +
  • Two double bedrooms +
  • Log burner +
  • Approximately four year old boiler +
  • Private rear yard +
  • Off street parking +
  • Quite location +

Ground Floor The ground floor welcomes you with a practical entrance that features stairs ascending to the first floor and a doorway into the front-facing living room. This inviting space boasts attractive laminate flooring and a stunning exposed stone chimney breast at its center, complete with a cosy log burner. An understairs cupboard offers additional storage solutions.  At the back, a narrow hallway connects to the kitchen and bathroom. The kitchen is equipped with a selection of shaker-style wall and base units, complemented by contrasting tiled countertops. The boiler, installed about three years ago, is conveniently located here, and an external door provides access to the outdoors. In the bathroom, you'll find a well-appointed three-piece suite that includes a fitted bathtub with an overhead shower, a washbasin, and a low-level WC. Living Room - 4.56m x 6.05m (14'11" x 19'10") Kitchen - 2.4m x 2.74m (7'10" x 8'11") Bathroom - 2.29m x 1.56m (7'6" x 5'1") First Floor The upper landing leads to two spacious double bedrooms, each offering plenty of room for freestanding furniture. The main bedroom also features a generously sized storage cupboard located above the stairs. Bedroom One - 3.15m x 5.05m (10'4" x 16'6") Bedroom Two - 3.66m x 3m (12'0" x 9'10") Externally The exterior features a well-maintained lawn garden adorned with mature shrubs along the edges. At the back, a private yard offers off-street parking and includes two storage outhouses. Disclaimer Whilst we endeavour to ensure our sales particulars are accurate and reliable, 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. Any services, systems and appliances listed in this specification have not been tested by WalkersXchange therefore we cannot give a guarantee as to their operating ability or efficiency. All measurements have been taken as a guide to prospective buyers only.

Agent Details

WalkersXchange, Sunniside & the North East

0191 743 9208

Next Steps?

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