2 Bed Bungalow, Refurb/BRRR, Cramlington, NE23 2FN, £169,950

Hayton Close, Cramlington, NE23 2FN - 4 months ago

Refurb/BRRR
ROI: 1%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£7.5K - £295K
Sold Prices/m²£977/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£132,241

 

 

End Value (After Refurb)

£135,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£9,698

Refurb Costs

£26,073

Bridging Loan Interest

£4,461

Total Cash In

£84,469

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,000

Mortgage (After Refinance)

£101,250

Mortgage LTV

75%

Cash Left In

£84,469

Equity

£33,750

Rent Range

£520 - £875

Rent Estimate

£647

Running Costs/mo

£571

Cashflow/mo

£76

Cashflow/yr

£909

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £7.5K to £295K, average is £116K. £977/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£97K01/210 mi19, Hayton Close, Cramlington, Northumberland NE23 2FN2
£105K10/210.09 mi14, Hazelmere Crescent, Cramlington, Northumberland NE23 2FJ2
£110K07/210.09 mi19a, Hazelmere Crescent, Cramlington, Northumberland NE23 2FJ2
£120K05/230.12 mi13, Humsford Grove, Cramlington, Northumberland NE23 2FH2
£107K11/220.13 mi5, Humsford Grove, Cramlington, Northumberland NE23 2FH2
£185K09/230.14 mi45, Porchester Drive, Cramlington, Northumberland NE23 2QJ2
£206K03/240.17 mi91, Porchester Drive, Cramlington, Northumberland NE23 2QQ2
£117K05/240.23 mi37, Drybeck Court, Cramlington, Northumberland NE23 2GB2
£80K02/210.23 mi7, Drybeck Court, Cramlington, Northumberland NE23 2GB2
£135K11/200.23 mi184, Ringwood Drive, Cramlington, Northumberland NE23 1NU2
£170K05/230.23 mi180, Ringwood Drive, Cramlington, Northumberland NE23 1NU2
£157K05/240.25 mi11, Tenby Square, Cramlington, Northumberland NE23 1PY2
£126K02/210.25 mi11, Tenby Square, Cramlington, Northumberland NE23 1PY2
£181.9K08/240.25 mi146, Ringwood Drive, Cramlington, Northumberland NE23 1NT2
£145K02/210.27 mi12, Torcross Way, Cramlington, Northumberland NE23 1PF2
£175K04/240.29 mi81, Ringwood Drive, Cramlington, Northumberland NE23 1NF2
£180K06/230.32 mi64, Torcross Way, Cramlington, Northumberland NE23 1PE2
£100K06/210.33 mi31, Thornley Avenue, Cramlington, Northumberland NE23 2BU2
£80K08/210.33 mi60, Thornley Avenue, Cramlington, Northumberland NE23 2BT2
£76K12/210.33 mi66, Thornley Avenue, Cramlington, Northumberland NE23 2BT2
£220K06/230.35 mi20, Reigate Square, Cramlington, Northumberland NE23 1NW2
£115K02/230.35 mi33, Tindale Avenue, Cramlington, Northumberland NE23 2BP2
£110K11/230.35 mi25, Tindale Avenue, Cramlington, Northumberland NE23 2BP2
£85K03/210.37 mi67, Thirston Drive, Cramlington, Northumberland NE23 2BX2
£97K10/230.38 mi19, Ryde Place, Cramlington, Northumberland NE23 1NH2
£165K05/230.39 mi37, Totnes Drive, Cramlington, Northumberland NE23 1PL2
£295K07/230.44 mi57, Totnes Drive, Cramlington, Northumberland NE23 1PZ2
£170K02/210.5 mi16, Needham Place, Cramlington, Northumberland NE23 1RG2
£138K10/210.52 mi33, Cambo Drive, Cramlington, Northumberland NE23 6TN2
£107K12/230.57 mi11, Chipchase Avenue, Cramlington, Northumberland NE23 6TS2
£110K02/210.57 mi52, Barrasford Road, Cramlington, Northumberland NE23 6TE2
£135K08/230.57 mi54, Barrasford Road, Cramlington, Northumberland NE23 6TE2
£100K06/210.61 mi100, Clifton Road, Cramlington, Northumberland NE23 6TH2
£194K07/230.61 mi114, Clifton Road, Cramlington, Northumberland NE23 6TH2
£120K10/210.65 mi132, Clifton Road, Cramlington, Northumberland NE23 6TJ2
£110K11/230.65 mi138, Clifton Road, Cramlington, Northumberland NE23 6TJ2
£123K10/210.68 mi11, Millbrook Road, Cramlington, Northumberland NE23 3GG2
£90K12/220.68 mi28, Hastings Terrace, Shankhouse, Cramlington, Northumberland NE23 3JE2
£110K04/230.69 mi35, Coanwood Drive, Cramlington, Northumberland NE23 6TL2
£81.5K07/230.7 mi11, Hastings Terrace, Shankhouse, Cramlington, Northumberland NE23 3JE2
£112K03/240.72 mi3, Dukesfield, Cramlington, Northumberland NE23 6DL2
£194K05/240.72 mi62, Ilford Avenue, Cramlington, Northumberland NE23 3LG2
£147.5K04/230.73 mi46, Sunnyside, Cramlington, Northumberland NE23 6UX2
£102K12/230.73 mi24, Hastings Street, Cramlington, Northumberland NE23 6RQ2
£82.5K02/210.73 mi16, Hastings Street, Cramlington, Northumberland NE23 6RQ2
£100K04/230.74 mi23, Allonby Mews, Shankhouse, Cramlington, Northumberland NE23 3BJ2
£7.5K08/210.75 mi31, Ingham Grove, Cramlington, Northumberland NE23 3LH2
£135K11/210.75 mi91, Ilford Avenue, Cramlington, Northumberland NE23 3LE2
£150K09/230.75 mi91, Ilford Avenue, Cramlington, Northumberland NE23 3LE2
£76K03/230.76 mi46, Coltpark Place, Cramlington, Northumberland NE23 6HL2

Local Rents

14 rents from £520/mo to £875/mo, average is £630/mo.

RentDateDistanceAddressBeds 
£60003/240.07 mi-2
£87506/240.07 miHazelmere Crescent, Cramlington, Northumberland, NE232
£53005/240.21 mi-2
£72506/240.27 miDrybeck Court, Cramlington, Northumberland, NE232
£52012/230.38 mi-2
£58008/240.38 mi-2
£69507/240.46 miEast View Avenue, Newcastle2
£62012/230.46 mi-2
£64005/240.47 mi-2
£64005/240.47 mi-2
£52506/240.52 miNewlyn Drive, Cramlington2
£75006/240.56 miTwo Bedroom Semi Detached - Chipchase Avenue, Cramlington2
£75007/240.56 miTwo Bedroom Semi Detached - Chipchase Avenue, Cramlington2
£59507/240.57 miEvergreen Court, High Pit Road, Cramlington, Northumberland, NE232

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £169,950

February 28, 2025

Listed for £175,000

December 10, 2024

Floor Plans

Description

  • Semi-Detached +
  • Bungalow +
  • Cul-De-Sac Street +
  • Large Driveway For Multiple Vehicles +
  • Single Garage +
  • Two Bedrooms +
  • *Freehold +
  • Rare To The Market +
  • Eastfield Glade Estate +
  • In Need Of Modernisation +

* TWO BEDROOM - BUNGALOW - *FREEHOLD- SEMI-DETACHED - CUL-DE-SAC STREET - LARGE DRIVEWAY - SINGLE GARAGE - EASTFIELD GLADE - POPULAR RESIDENTIAL AREA - EAST FACING REAR GARDEN *

Mike Rogerson Estate agents are delighted to bring to the market this two-bedroom semi-detached bungalow on the popular residential street of Hayton Close, Eastfield Glade, Cramlington. This is a 'rare to the market' style property in this area as not many bungalows exist. The property in question is in need of modernisation, but with the right buyer it could be a little gem!

The property briefly comprises; entrance hallway leading to all rooms in the property. To the front elevation you have the lounge and bedroom one. To the rear elevation is the bathroom, kitchen with access to the rear garden and bedroom two.

To the front elevation there is a laid to lawn section, a large driveway allowing for off street parking for multiple vehicles and a single garage. The property also benefits from an enclosed rear garden, at the moment the garden is all laid to lawn, but it could be landscaped to create an outdoor living area to enjoy the warmer months.

The property also benefits from double glazing and gas central heating. 

* We have been advised the property is Freehold, however we do advise you seek legal confirmation during the conveyancing period if you proceed with an offer. 

Viewings are being carried out by Mike Rogerson Estate agents in Cramlington.

Agent Details

Mike Rogerson Estate Agents, Cramlington

01670 332963

Next Steps?

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