3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE15 8BN, £120,000

Kielder Road, Lemington, Newcastle upon Tyne, NE15 8BN - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£83K - £195.5K
Sold Prices/m²£766/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£107,805

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£35,814

Bridging Loan Interest

£3,150

Total Cash In

£75,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,805

Mortgage (After Refinance)

£80,854

Mortgage LTV

75%

Cash Left In

£75,514

Equity

£26,951

Rent Range

£700 - £1,200

Rent Estimate

£840

Running Costs/mo

£525

Cashflow/mo

£315

Cashflow/yr

£3,781

ROI

5%

Gross Yield

8%

Local Sold Prices

52 sold prices from £83K to £195.5K, average is £127.5K. £766/m² to £2.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£83K02/210 mi47, Kielder Road, Newcastle Upon Tyne, Tyne And Wear NE15 8BN3
£100K11/220.05 mi24, Tynevale Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8EJ3
£104K02/230.11 mi15, Tynevale Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8EL3
£100K02/230.12 mi5, Tynevale Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8EL3
£120K07/240.12 mi5, Letch Way, Newcastle Upon Tyne, Tyne And Wear NE15 8BR3
£113K10/230.14 mi129, Hartside, Newcastle Upon Tyne, Tyne And Wear NE15 8BZ3
£115K06/240.14 mi107, Hartside, Newcastle Upon Tyne, Tyne And Wear NE15 8BZ3
£115K09/230.14 mi19, Warkworth Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DX3
£85K02/210.15 mi16, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ3
£114K06/210.16 mi4, Tedham Road, Newcastle Upon Tyne, Tyne And Wear NE15 8BH3
£123K12/230.16 mi14, Tedham Road, Newcastle Upon Tyne, Tyne And Wear NE15 8BH3
£92.5K11/200.18 mi13, Store Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DY3
£135K01/230.18 mi21, Store Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DY3
£90K11/200.18 mi49, Lesbury Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DN3
£118.5K01/240.18 mi29, Hartside, Newcastle Upon Tyne, Tyne And Wear NE15 8BY3
£174K10/230.2 mi55, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8XA3
£172K07/240.21 mi23, Blanchland Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8UA3
£125K08/210.22 mi37, Union Hall Road, Newcastle Upon Tyne, Tyne And Wear NE15 8AB3
£133K10/210.22 mi7, Brancepeth Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UY3
£160K12/220.22 mi13, Brancepeth Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UY3
£120K09/230.23 mi117, Valley View, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8BQ3
£160K02/210.23 mi26, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8UU3
£165K07/210.23 mi24, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8UU3
£169K06/210.23 mi16, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8UU3
£178K08/230.23 mi12, Tewkesbury Road, Newcastle Upon Tyne, Tyne And Wear NE15 8UU3
£92K03/240.23 mi7, Tyne View, Newcastle Upon Tyne, Tyne And Wear NE15 8DE3
£158.5K11/200.24 mi23, Bridgewater Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UT3
£159.9K02/210.24 mi8, Bridgewater Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UT3
£180K02/240.24 mi1, Bridgewater Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UT3
£180K02/240.24 mi1, Bridgewater Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UT3
£90K04/240.24 mi16, Orchard Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8AA3
£180K04/230.27 mi10, Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8XF3
£170K03/240.27 mi110, Valley View, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8UD3
£120K08/230.29 mi33, Waverley Crescent, Newcastle Upon Tyne, Tyne And Wear NE15 8AT3
£113K03/210.29 mi8, Pangbourne Close, Newcastle Upon Tyne, Tyne And Wear NE15 8UX3
£155K02/210.29 mi32, Crofton Way, Newcastle Upon Tyne, Tyne And Wear NE15 8QF3
£146K02/230.31 mi11, Rokeby Villas, Newcastle Upon Tyne, Tyne And Wear NE15 8RQ3
£166K08/230.32 mi2, Hamsterley Crescent, Newcastle Upon Tyne, Tyne And Wear NE15 8UQ3
£113K03/240.33 mi60, Rokeby Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RP3
£125K07/210.34 mi8, Leabank, Newcastle Upon Tyne, Tyne And Wear NE15 7LN3
£175K03/210.37 mi20, Aldeburgh Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 8TA3
£140K05/240.38 mi8, Warenmill Close, Newcastle Upon Tyne, Tyne And Wear NE15 8XH3
£129.9K08/240.38 mi3, Eldon Place, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8AQ3
£195.5K05/240.4 mi5, Sugley Villas, Newcastle Upon Tyne, Tyne And Wear NE15 8RB3
£153K12/220.41 mi43, Kirkston Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 7JU3
£120K07/230.42 mi15, Rydal Road, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 7LR3
£136K11/230.42 mi47, Rydal Road, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 7LR3
£136K11/230.42 mi47, Rydal Road, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 7LR3
£160K05/240.42 mi2, Rydal Road, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 7LR3
£99.4K06/210.42 mi16, Farnham Close, Newcastle Upon Tyne, Tyne And Wear NE15 8RG3
£100K02/230.42 mi6, Farnham Close, Newcastle Upon Tyne, Tyne And Wear NE15 8RG3
£116K12/200.42 mi39, Meadow Road, Newcastle Upon Tyne, Tyne And Wear NE15 7LP3

Local Rents

10 rents from £700/mo to £1.2K/mo, average is £818/mo.

RentDateDistanceAddressBeds 
£79504/240.06 mi-3
£80002/250.06 mi-3
£75010/240.3 mi-3
£82505/240.31 miDoddington Close, Newcastle Upon Tyne, NE153
£85005/230.31 mi-3
£81006/240.37 miCharlton Mews, Lemington, Newcastle upon Tyne, NE153
£70003/230.39 mi-3
£1,10006/240.47 miClaremont Avenue, Newcastle Upon Tyne, Newcastle upon Tyne, Tyne and Wear, NE15 7LE3
£1,00005/240.56 mi-3
£1,20005/240.56 miNorfolk Way, Newcastle Upon Tyne, NE153

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.99 miles away

Nearest school

0.30 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £120,000

December 9, 2024

Floor Plans

Description

  • Scope for Personalisation +
  • Exceptional Sized Garden +
  • No Onward Chain +
  • Three Good Sized Bedrooms +
  • Council Tax Band: A +
  • Driveway +

Presenting Kielder Road, this three bedroom semi detached house available with no onward chain provides a fantastic opportunity for modernisation and creating a lovely home. With fantastic outdoor space and great sized rooms, this property is packed with potential.  Entering the property is the ample hallway, to the left is the good sized lounge complete with gas fireplace. To the rear is the great sized kitchen In need of updating, the opportunities are endless with the space on offer. The kitchen also provides access to further storage spaces and the rear garden.  On the first floor is separate WC and bathroom with basin, bathtub and over bath shower. To the rear is the good sized second bedroom. To the front is the master bedroom with built in storage cupboard and the generous third bedroom with built in wardrobe.  Externally the property boasts a driveway and grassed front garden and a gate providing access directly to the rear garden. The rear garden is a huge size and offers lots of variety. The property has lots of grassed areas and two patio sections around the mid point and at the rear of the garden.  The property has single glazed windows throughout.
Material Information: This property is built to standard construction. Tenure: Freehold
EPC: TBC
Council Tax Band: A £1,528.03 Lemington, located approximately 5 miles to the west of Newcastle City Centr, provides fantastic road links across the region, via the A69 to both the city and the West of the country and the A1 western bypass. Nearby there are a number of local amenities, including a local convenience store and hairdressers and a short drive away there is Chapel House shopping centre where there is a Tesco and a number of other shops and in West Denton there is Morrisons supermarket, Leisure Centre and Library. Located within the admission areas of many primary and secondary schools within 3 miles.  We endeavour to make our sales 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. Any 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 measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Tenure: Freehold,

Agent Details

Northwood, Newcastle

0191 625 0777

Next Steps?

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