2 Bed Flat, Single Let, Wallsend, NE28 8QH, £120,000

31 Windermere Close, Wallsend, NE28 8QH - 1 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 3%
67 m²
+8 photos

ValuationOvervalued

Sold Prices£50K - £131.3K
Sold Prices/m²£758/m² - £1.9K/m²

 

 

Square Metres

67 m²
Price/m²£1.8K/m²

Value Estimate

£93,056

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£595 - £825

Rent Estimate

£621

Running Costs/mo

£519

Cashflow/mo

£102

Cashflow/yr

£1,222

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £80K. £758/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£99K06/210.03 mi35, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£107K03/210.03 mi51, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£113K01/230.05 mi52, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£82.5K07/230.07 mi25, North Road, Wallsend, Tyne And Wear NE28 8LF2
£96K06/230.09 mi53, Lynn Road, Wallsend, Tyne And Wear NE28 8QA2
£87K06/210.14 mi1b, St Aidans Road, Wallsend, Tyne And Wear NE28 8QG2
£78K12/220.17 mi38, John Street, Wallsend, Tyne And Wear NE28 8QX2
£57.5K02/210.18 mi17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY2
£69.5K07/210.21 mi30, David Street, Wallsend, Tyne And Wear NE28 8RA2
£129.9K03/210.21 mi133, The Avenue, Wallsend, Tyne And Wear NE28 6SD2
£59K01/210.22 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£105K08/230.23 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.23 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£66K03/240.23 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£75K07/210.24 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£131.3K09/230.27 mi204, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£85K02/210.27 mi248, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£95.5K12/220.29 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.29 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.29 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£85K12/220.29 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£75K08/210.31 mi38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU2
£87.5K10/220.33 mi45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB2
£90K03/240.34 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£85K09/230.36 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£71K07/230.39 mi106, Park Road, Wallsend, Tyne And Wear NE28 7QR2
£78K12/200.4 mi15, Bedford Avenue, Wallsend, Tyne And Wear NE28 8EF2
£72K03/210.45 mi33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU2
£60K05/210.48 mi37, Philiphaugh, Wallsend, Tyne And Wear NE28 6BX2
£60.8K02/230.49 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£75K11/220.54 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£69K12/230.55 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£87.2K02/230.55 mi78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX2
£90K01/230.63 mi38, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£50K01/210.63 mi1, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£78K12/220.66 mi9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB2
£55K11/210.66 mi41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£60K01/210.66 mi11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£90K11/220.66 mi19, Wyedale Way, Newcastle Upon Tyne, Tyne And Wear NE6 4UA2
£80K07/230.67 mi10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ2
£80K07/230.68 mi44, Grey Street, Wallsend, Tyne And Wear NE28 7SE2
£80K09/230.68 mi14, Ashfield Mews, Wallsend, Tyne And Wear NE28 7RG2
£50K12/220.71 mi244, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£53.3K09/230.72 mi137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£72K10/230.72 mi131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£89K05/240.75 mi53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.75 mi17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.75 mi19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£80K01/230.77 mi88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.77 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2

Local Rents

18 rents from £595/mo to £825/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£79507/240.08 mi-2
£79507/240.08 miWallsend, Tyne And Wear, NE282
£80005/240.14 mi-2
£82502/250.14 mi-2
£82511/240.19 mi-2
£82502/250.19 mi-2
£80005/240.29 mi-2
£75004/240.29 mi-2
£72512/240.31 mi-2
£62505/240.35 miHugh Street, Wallsend, NE282
£62002/250.35 mi-2
£59505/240.41 mi-2
£60010/230.45 mi-2
£65006/240.46 miCoronation Street, Wallsend, North Tyneside, NE282
£72007/240.49 mi-2
£75012/240.56 miFossway, Byker, Newcastle upon Tyne, NE62
£79505/240.58 miCourtfield Road, Newcastle upon Tyne, Tyne and Wear, NE62
£72503/250.6 mi-2

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

1.22 miles away

Nearest school

0.70 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £120,000

January 19, 2025

Listed for £125,000

December 16, 2024

Floor Plans

Description

  • Guide Price £120,000 to £130,000 +
  • Two Bedroom Ground Floor Apartment +
  • Allocated Parking +
  • Secure Intercom Entry +
  • Modern Kitchen +
  • En-suite to Bedroom 1 +
  • 125 Year Lease from 1 APRIL 2005 +
  • Council Tax Band A +
  • Energy Rating C +

THIS PROPERTY IS NOW "SALE AGREED" AND THERE ARE TO BE NO FURTHER VIEWINGS - WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE A PROPERTY TO SELL AND WANT ONE OF OUR "GONE" BOARDS TOO! PLEASE GET IN TOUCH

GUIDE PRICE £120,000 TO £130,000 TWO BEDROOM GROUND FLOOR APARTMENTEN-SUITE TO MASTER FULLY MODERNISED ALLOCATED PARKING BAYOPEN PLAN LIVING ROOM WITH MODERN KITCHEN AREA INTERCOM ENTRY SYSTEM
COMMUNAL GARDENS 125 YEAR LEASE FROM 1ST APRIL 2005 CLOSE TO LOCAL AMENITIES
COUNCIL TAX BAND A EPC RATING C **

Entrance - There is a communal Hallway, accessed by a secure intercom entry system. The apartment is on the Ground Floor.

Hallway - Radiator, access to all rooms. Storage cupboard, wood effect flooring.

Lounge - 4.93 x 3.14 (16'2" x 10'3") - Double glazed French door with a Juliet balcony, double glazed windows, radiator and intercom entry hand set. Open access to the Kitchen, laminate flooring.

Kitchen - 3.89 x 2.52 (12'9" x 8'3") - Double glazed window, radiator, fitted with range of floor and wall units, counters and sink, integrated oven with overhead extractor, breakfast bar, laminate flooring.

Bathroom - 2.22 x 1.67 (7'3" x 5'5" ) - Fully tiled floor and walls, radiator, WC, hand wash basin, bath with overhead shower attachment.

Bedroom 1 - 3.19 x 3.00 (10'5" x 9'10") - Double glazed windows, and radiator. Built in wardrobes and access to an En-Suite Shower Room.

En-Suite - 2.21 x 1.33 (7'3" x 4'4") - Fully tiled walls and floor, radiator, WC, hand wash basin and shower cubicle.

Bedroom 2 - 3.72 x 2.30 (12'2" x 7'6" ) - Double glazed window, and radiator, sliding door wardrobes.

Externally - There is an allocated parking bay

Lease Information & Service Charges - Ground rent Currently £100 per annum then increases every 25 years
26-50 YEARS £200
51-75 YEARS £300
76-100 YEARS £400

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1000 Mbps Upload: 220 Mbps
Mobile: Outdoor EE>Likely Three> Likely 02>Likley Vodafone>Likely
Indoor: EELimitedThreeLimited O2LikelyVodafoneLikely

Flood Risks - At the time of marketing this information is correct.
Yearly chance of flooding:
Surface water: Very Low
Rivers and the sea: Very Low

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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