2 Bed Flat, Single Let, Newcastle upon Tyne, NE4 8TS, £70,000

Ellesmere Road, Newcastle upon Tyne, Tyne and Wear, NE4 8TS - 6 views - 3 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£35K - £140K
Sold Prices/m²£537/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,835

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£595 - £1,125

Rent Estimate

£600

Running Costs/mo

£359

Cashflow/mo

£241

Cashflow/yr

£2,895

ROI

14%

Gross Yield

10%

Local Sold Prices

44 sold prices from £35K to £140K, average is £64.8K. £537/m² to £2.2K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£49K01/210.01 mi19, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TS2
£70K10/220.04 mi53, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AD2
£45K10/200.1 miGround Floor Flat, 126, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AB2
£55K09/230.12 mi34, Fairholm Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AT2
£46K03/210.12 mi161, Farndale Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TX2
£77.5K06/210.14 mi33, Normount Road, Newcastle Upon Tyne, Tyne And Wear NE4 8SH2
£56.3K03/210.16 mi124, Colston Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UN2
£47.5K04/210.18 mi54, Axbridge Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8EB2
£64K06/210.2 mi247, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TQ2
£77K06/230.2 mi235, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TQ2
£62K10/220.21 mi148, Canning Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UJ2
£51K08/210.23 mi174, Hugh Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8PQ2
£49K09/230.23 mi142, Hugh Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8PQ2
£55.5K09/220.23 mi239, Clara Street, Newcastle Upon Tyne, Tyne And Wear NE4 8PY2
£55K01/230.26 mi167, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XS2
£80K11/220.27 mi33, Western Drive, Newcastle Upon Tyne, Tyne And Wear NE4 8SQ2
£40K04/210.3 mi12, Oakfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 6QU2
£44K08/230.33 mi466, Elswick Road, Newcastle Upon Tyne, Tyne And Wear NE4 8DN2
£36K12/200.44 mi111, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XX2
£140K09/210.47 mi105, Bentinck Road, Newcastle Upon Tyne, Tyne And Wear NE4 6UX2
£89.5K09/230.49 mi7, Romulus Court, Newcastle Upon Tyne, Tyne And Wear NE4 9AW2
£75K05/210.5 mi6, Bentinck Villas, Newcastle Upon Tyne, Tyne And Wear NE4 6UR2
£54K03/210.52 mi68, Durham Street, Newcastle Upon Tyne, Tyne And Wear NE4 6XQ2
£110K02/230.52 mi68, Severus Road, Newcastle Upon Tyne, Tyne And Wear NE4 9HU2
£73K10/200.52 mi6, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£110K10/220.52 mi20, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£60.5K09/200.56 mi37, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£65K07/230.56 mi41, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£110K01/240.56 mi116, Wingrove Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9AH2
£67K07/220.56 mi33, Marie Curie Drive, Newcastle Upon Tyne, Tyne And Wear NE4 6SS2
£73.2K01/230.58 mi14, Acanthus Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9YD2
£115K05/240.59 mi9, Wingrove Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9HS2
£122K05/230.65 mi24, Dilston Road, Newcastle Upon Tyne, Tyne And Wear NE4 5AA2
£65K09/210.71 mi12, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£70K03/230.71 mi5, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£65K08/230.71 mi6, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£43.5K06/240.71 mi7, Hawthorn Close, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/230.71 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/230.71 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£47.8K07/230.71 mi26, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£108K08/210.86 mi44, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA2
£97K12/220.86 mi24, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA2
£117.5K02/230.92 mi138, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QB2
£64.7K10/230.98 mi57, Hamilton Place, Newcastle Upon Tyne, Tyne And Wear NE4 5ET2

Local Rents

35 rents from £595/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£85007/240.03 mi-2
£85003/250.03 mi-2
£60006/240.18 miAxbridge Gardens, Newcastle upon Tyne, NE42
£59507/240.18 miAxbridge Gardens, Newcastle Upon Tyne, NE42
£69507/240.18 mi-2
£59512/240.18 mi-2
£80007/240.19 mi191 Hampstead Road 2
£79505/240.19 miHampstead Road, Newcastle Upon Tyne, NE42
£72506/240.19 miBrancepeth Avenue, Newcastle Upon Tyne2
£72507/240.19 miBrancepeth Avenue, Newcastle Upon Tyne2
£1,12501/250.22 mi-2
£75005/240.24 miFenham, Newcastle upon Tyne2
£90003/250.34 mi-2
£89505/240.36 mi-2
£99501/250.36 mi-2
£65006/240.39 mi-2
£92005/240.39 mi-2
£80012/240.4 mi-2
£85005/240.47 mi-2
£95007/240.49 miWingrove Avenue, Newcastle upon Tyne2
£85007/240.5 mi-2
£90006/240.51 miFenham, Newcastle Upon Tyne2
£80012/240.52 mi-2
£89507/240.53 miWingrove Gardens, Newcastle upon Tyne2
£89507/240.53 miWingrove Gardens, Newcastle upon Tyne2
£71206/240.53 miWingrove Avenue, Fenham, Newcastle upon Tyne2
£85006/240.54 mi-2
£87511/240.55 mi-2
£87503/250.55 mi-2
£87503/250.55 mi-2
£67505/240.56 miMarie Curie Drive, Elswick2
£65006/240.56 miMarie Curie Drive, Newcastle Upon Tyne2
£65006/240.56 miMarie Curie Drive, Newcastle Upon Tyne2
£80012/240.56 mi-2
£69507/240.6 miLinden Avenue, Newcastle Upon Tyne, NE42

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.49 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £70,000

December 11, 2024

Floor Plans

Description

We welcome to the market this ground floor flat located in Fenham.

The property benefits from gas central heating and double glazing throughout. Early viewing is recommended.

The accommodation briefly comprises of hallway, lounge, kitchen, two bedrooms, inner hallway and bathroom.

The location of the property provides easy access to a wide range of amenities available in the local area including shops, schools as well as transport links into Newcastle City Centre and surrounding areas. The A69 and A1 trunk roads are also within easy reach.

Can be sold with tenant in situ, tenant on a periodic tenancy passing rent of £600pcm.

Can be sold to both owner occupiers and investors

Agent Details

Bridgfords, Newcastle upon Tyne

0191 917 9472

Next Steps?

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