2 Bed Flat, Single Let, Hebburn, NE31 1UZ, £79,950

Hebburn, Tyne and Wear, NE31 1UZ - 4 months ago

Sold STC
BTL
ROI: 9%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£42K - £100K
Sold Prices/m²£609/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£95,535
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Total Cash In

£23,586

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£553

Running Costs/mo

£380

Cashflow/mo

£173

Cashflow/yr

£2,071

ROI

9%

Gross Yield

8%

Local Sold Prices

52 sold prices from £42K to £100K, average is £80K. £609/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£69K11/220.01 mi27, Victoria Road West, Hebburn, Tyne And Wear NE31 1UZ2
£78K10/200.02 mi37, Wellington Street, Hebburn, Tyne And Wear NE31 2UQ2
£60K01/210.08 mi19, Station Road, Hebburn, Tyne And Wear NE31 1LA2
£77.5K03/230.11 mi25, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£68K04/230.11 mi23, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£68K03/220.11 mi41, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£69K01/210.16 mi3, Quarry Road, Hebburn, Tyne And Wear NE31 2UN2
£62.5K09/210.18 mi51, Victoria Road East, Hebburn, Tyne And Wear NE31 1XL2
£42K10/200.18 mi23, Tweed Street, Hebburn, Tyne And Wear NE31 1XP2
£82.5K04/220.23 mi5, May Close, Hebburn, Tyne And Wear NE31 1FD2
£68K07/230.26 mi10, Vimy Avenue, Hebburn, Tyne And Wear NE31 1QR2
£85K07/220.27 mi33, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£83K04/220.27 mi72, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£80K03/230.27 mi5, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£86K12/220.27 mi86, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£85K04/240.27 mi70, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£85K12/200.27 mi25, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£87.5K04/210.27 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£83K10/210.27 mi32, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£79K01/230.27 mi29, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£100K04/230.27 mi46, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.27 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£80K03/240.27 mi47, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL2
£50K01/210.33 mi75, Hedgeley Road, Hebburn, Tyne And Wear NE31 1PR2
£75K03/210.44 mi30, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£78K06/230.44 mi50, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£87.5K03/230.47 mi23, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£80K12/230.47 mi26, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£100K07/240.47 mi15, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£85K07/230.51 mi26, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£90K11/230.51 mi4, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£65K09/230.51 mi22, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£74K03/230.55 mi76, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£72K05/240.55 mi18, Victoria Street, Hebburn, Tyne And Wear NE31 1DY2
£72K11/220.55 mi74, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£65K11/220.57 mi25, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£91K01/230.57 mi9, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£82K09/220.59 mi109, Ellison Street, Hebburn, Tyne And Wear NE31 1EE2
£68.8K07/230.59 mi155, Finchale Road, Hebburn, Tyne And Wear NE31 2BW2
£80K04/230.61 mi53, Ann Street, Hebburn, Tyne And Wear NE31 1DP2
£100K05/230.61 mi51, Ann Street, Hebburn, Tyne And Wear NE31 1DP2
£75K02/210.66 mi16, Jedmoor, Hebburn, Tyne And Wear NE31 1ET2
£65K05/210.67 mi24, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£90K05/210.67 mi10, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£75K02/240.67 mi26, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£75K02/240.67 mi26, Agincourt, Hebburn, Tyne And Wear NE31 1AN2
£95K03/210.68 mi4, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£95K03/210.68 mi4, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£85K08/230.68 mi1, Springwood, Hebburn, Tyne And Wear NE31 1DA2
£92K12/200.69 mi36, Hazelmoor, Hebburn, Tyne And Wear NE31 1DH2
£84.5K01/210.69 mi17, Hazelmoor, Hebburn, Tyne And Wear NE31 1DH2
£43K01/230.73 mi13, Red House Road, Hebburn, Tyne And Wear NE31 2XF2

Local Rents

19 rents from £500/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£57505/240 miVictoria Road West, Hebburn, Tyne And Wear, NE312
£60004/240.01 mi-2
£62507/240.01 mi-2
£62506/240.01 miVictoria Road West, Hebburn, NE312
£72506/240.05 miVictoria Road East, Hebburn, Tyne and Wear, NE31 1XG2
£79507/240.11 miQuarry Road, Hebburn, Tyne and Wear, NE31 2UN2
£65005/240.12 mi-2
£67502/250.13 mi-2
£65006/240.14 miWhickham Road, Hebburn, South Tyneside2
£62507/240.14 miTweed Street, Hebburn, Tyne and Wear, NE312
£75007/240.26 mi-2
£85006/240.35 miToner Avenue, Hebburn2
£53005/240.5 miVictoria Street, Hebburn2
£50009/230.52 mi-2
£70006/240.54 miChurch Street, Hebburn2
£65003/250.54 mi-2
£55005/240.56 miAshwood Croft, Hebburn2
£77505/240.57 miPalmer Crescent, Hebburn, Tyne & Wear2
£65007/240.61 miAnn Street, Hebburn, NE312

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

0.18 miles away

Nearest school

0.40 miles away

Nearest train station

0.34 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £79,950

December 9, 2024

Description

  • Ground Floor Flat +
  • Two Bedrooms +
  • Close To Town Centre +
  • Neutral Decor +
  • Perfect First Time Buy +
  • Private Yard +

Welcome to this two-bedroom ground floor flat, located on Victoria Road West, Hebburn. This property offers a fantastic opportunity for first-time buyers to enter the property market and homeowners looking for a comfortable and convenient living space.

The living room is bathed in natural light, thanks to the large window. The neutral decor provides a versatile backdrop, allowing you to add your personal style and make the space truly your own.

The kitchen is well-appointed with cabinet space, countertops, and modern appliances.

The flat features two generously sized bedrooms, perfect for a growing family or for individuals needing a separate space for a home office or guest room. The neutral decor continues into these rooms, providing a calming and restful ambiance that promotes relaxation and rejuvenation.

The bathroom boasts fixtures and fittings, ensuring a stylish and functional space for all your personal care needs. Whether you prefer a quick and energizing shower or a long, luxurious soak in the bathtub, this bathroom caters to your every preference.

One of the standout features of this ground floor flat is the private yard. Step outside into your very own outdoor oasis, where you can create a tranquil retreat, enjoy al fresco dining, or cultivate your green thumb with some gardening. The possibilities are endless with this private space, offering you the freedom to design and enjoy outdoor living to the fullest.

The location of this property is also highly desirable, with its close proximity to the town centre. Within walking distance, you'll find a range of amenities, including shops, supermarkets, eateries, and entertainment options. Commuting is a breeze with excellent transport links, making it convenient to access nearby towns and cities.

If you've been waiting for the perfect first-time buy or a comfortable flat to call your own, this ground floor flat in Hebburn ticks all the boxes. With its spacious interior, neutral decor, private yard, and excellent location, it's an opportunity not to be missed. Book your viewing today and make this fantastic property yours!

Entrance Hallway Via UPVC double glazed door.

Bedroom One (4.17 x 4.33) UPVC double glazed window, radiator.

Bedrooms Two (2.55 x 3.21) UPVC double glazed window, radiator.

Lounge (4.50 x 3.93) UPVC double glazed window, radiator.

Kitchen (2.37 x 2.00)

Range of wall and floor units, sink with mixer tap and drainer, oven hob and extractor hood, tiled splash backs, tiled flooring and UPVC double glazed window.

Rear Lobby

UPVC double glazed door to the rear and heated towel rail.

Bathroom

Panelled bath, overhead shower, low level WC, pedestal wash basin, UPVC double glazed window.

External

Private rear yard.

Material Information • Tenure- Freehold • Length of lease- N/A • Annual ground rent amount- N/A • Ground rent review period- N/A • Annual service charge amount- N/A • Service charge review period- N/A • Council tax band – A • EPC - C

Agent Details

Chase Holmes, Jarrow

0191 625 0221

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪