3 Bed Flat, Potential PLO/LOA, Gateshead, NE8 3QD, £70,000

21 Howard Street, Gateshead, Tyne And Wear, NE8 3QD - 19 views - 3 months ago

Negative Equity

ROI: 13%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£58K - £185.5K
Sold Prices/m²	£696/m² - £2.4K/m²

Square Metres	~93 m²
Price/m²	£753/m²
Value Estimate	£87,500£87,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£575 - £3,500£575 - £3,500
Rent Estimate	£581
Running Costs/mo	£355£355
Cashflow/mo	£226£226
Cashflow/yr	£2,713£2,713
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

22 sold prices from £58K to £185.5K, average is £86K. £696/m² to £2.4K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68K	10/23	0.21 mi	27, Howe Street, Gateshead, Tyne And Wear NE8 3PQ	£981	69	3	Flat
£58K	11/20	0.54 mi	25, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT	£841	69	3	Flat
£75K	10/20	0.54 mi	63, Woodlands Terrace, Gateshead, Tyne And Wear NE10 9HT	£1,103	68	3	Flat
£77K	01/21	0.57 mi	57, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ	£846	91	3	Flat
£69K	03/21	0.57 mi	24, Hewitson Terrace, Gateshead, Tyne And Wear NE10 9HQ	£1,021	68	3	Flat
£117K	10/22	0.58 mi	24, Mafeking Street, Gateshead, Tyne And Wear NE9 5LH	£1,780	66	3	Flat
£75K	01/21	0.64 mi	2, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY	£1,254	60	3	Flat
£130K	09/22	0.64 mi	22, Coldwell Terrace, Gateshead, Tyne And Wear NE10 9EY	-	-	3	Flat
£97.5K	11/23	0.65 mi	48, Old Durham Road, Gateshead, Tyne And Wear NE8 4BL	£696	140	3	Flat
£62.5K	06/21	0.66 mi	120, Northbourne Street, Gateshead, Tyne And Wear NE8 4AH	£906	69	3	Flat
£78.5K	06/23	0.83 mi	16, Cotterdale Avenue, Gateshead, Tyne And Wear NE8 4JP	-	-	3	Flat
£145K	07/23	0.84 mi	44, Exeter Street, Gateshead, Tyne And Wear NE8 4EY	£1,315	110	3	Flat
£185.5K	12/22	0.84 mi	52, Exeter Street, Gateshead, Tyne And Wear NE8 4EY	£2,358	79	3	Flat
£95K	02/21	0.84 mi	28, Exeter Street, Gateshead, Tyne And Wear NE8 4EY	£1,150	83	3	Flat
£85K	08/22	0.87 mi	179, Windy Nook Road, Gateshead, Tyne And Wear NE10 9RJ	-	-	3	Flat
£165K	06/23	0.88 mi	94, Avenue Road, Gateshead, Tyne And Wear NE8 4JE	£1,212	136	3	Flat
£87K	10/20	0.91 mi	191, Rodsley Avenue, Gateshead, Tyne And Wear NE8 4LB	£1,243	70	3	Flat
£133.5K	04/21	0.92 mi	4, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH	£1,292	103	3	Flat
£62.5K	02/21	0.93 mi	36, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JT	£893	70	3	Flat
£159.9K	10/23	0.94 mi	184, Brinkburn Avenue, Gateshead, Tyne And Wear NE8 4JX	£1,523	105	3	Flat
£85K	11/21	0.97 mi	165, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NL	£1,237	69	3	Flat
£87.5K	06/23	0.98 mi	25, Eastbourne Avenue, Gateshead, Tyne And Wear NE8 4NH	£1,256	70	3	Flat

Local Rents

47 rents from £575/mo to £3.5K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£925	06/24	0.07 mi	Churchill Road, Gateshead, NE8	3	Semi-Detached House
£950	07/24	0.07 mi	Churchill Road, Felling	3	Terraced House
£925	06/24	0.07 mi	Churchill Road, Gateshead	3	Detached House
£850	11/24	0.08 mi	-	3	Terraced House
£995	06/24	0.09 mi	Bishops Park Road, Gateshead, NE8	3	Terraced House
£650	08/24	0.1 mi	Tulip Street, Felling, Gateshead, NE10	3	Flat
£1,195	05/24	0.13 mi	Oban Terrace, Gateshead, NE10	3	Flat
£1,195	04/24	0.13 mi	-	3	Flat
£895	07/24	0.13 mi	Fleetwood Way, Gateshead, NE8	3	Flat
£965	12/24	0.14 mi	-	3	Flat
£1,095	06/24	0.16 mi	-	3	Semi-Detached House
£3,500	03/25	0.16 mi	-	3	Flat
£1,100	06/24	0.18 mi	Beech Street, Gateshead, Tyne and Wear, NE8	3	Detached House
£699	07/24	0.19 mi	King Edward Street, Gateshead, NE8	3	Flat
£650	08/24	0.19 mi	-	3	Flat
£1,000	02/25	0.2 mi	-	3	Semi-Detached House
£1,100	07/24	0.2 mi	Angel Avenue, Gateshead, Tyne and Wear, NE8	3	Semi-Detached House
£850	07/24	0.22 mi	Howe Street, Gateshead, NE8	3	Flat
£850	08/24	0.22 mi	-	3	Flat
£695	06/24	0.23 mi	Howe Street, Gateshead, Tyne and Wear, NE8	3	Flat
£2,450	08/24	0.34 mi	-	3	Semi-Detached House
£2,450	11/24	0.34 mi	-	3	Semi-Detached House
£2,300	03/25	0.34 mi	-	3	Semi-Detached House
£2,300	03/25	0.34 mi	-	3	Semi-Detached House
£2,350	04/24	0.34 mi	-	3	Semi-Detached House
£1,000	07/24	0.37 mi	Ovett Gardens, St James Village, Gateshead, NE8	3	Terraced House
£675	05/24	0.41 mi	Mulberry Street, Gateshead, Tyne And Wear, NE10	3	Flat
£650	07/24	0.41 mi	Mulberry Street, Gateshead, Tyne And Wear, NE10	3	Flat
£1,100	12/24	0.44 mi	-	3	Semi-Detached House
£725	07/24	0.45 mi	-	3	Flat
£575	06/24	0.45 mi	The Avenue, Felling, Gateshead	3	Flat
£1,000	06/24	0.46 mi	Foster Drive, Gateshead	3	Terraced House
£1,100	06/24	0.47 mi	Renforth Close, St James Village, Gateshead, Tyne And Wear, NE8	3	Terraced House
£1,100	02/25	0.47 mi	-	3	Terraced House
£800	04/24	0.5 mi	-	3	Terraced House
£575	07/24	0.51 mi	High Street, Felling Central	3	Flat
£575	07/24	0.51 mi	High Street, Felling Central	3	Flat
£625	12/24	0.52 mi	-	3	Terraced House
£970	07/24	0.52 mi	Chaucer Close, Gateshead, NE8	3	Semi-Detached House
£970	12/24	0.52 mi	-	3	Semi-Detached House
£3,500	03/25	0.52 mi	-	3	Flat
£950	12/24	0.53 mi	-	3	Semi-Detached House
£895	06/24	0.53 mi	Northway, Gateshead	3	Detached House
£725	07/24	0.54 mi	Woodlands Terrace, Felling, Gateshead	3	Flat
£775	06/24	0.55 mi	-	3	Terraced House
£895	06/24	0.59 mi	Inskip Terrace, Gateshead	3	Flat
£795	02/24	0.62 mi	-	3	Terraced House

Local Area Statistics

Population in NE8	32,35832,358
Population in Gateshead	122,353122,353
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+64%+64%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £70,000

-23%

December 16, 2024

Sold for £86,000

2004

Sold for £26,000

2002

Sold for £16,000

1999

Description

* NEW TO THE MARKET *

Daniel Craig Residential are pleased to bring to the market this 3 bedroom upper flat in Gateshead close to local amenities.

The property briefly comprises of living room, kitchen, family bathroom and 3 good sized bedrooms.

Viewing is Essential!

Freehold

Agent Details

Daniel Craig Residential, Gateshead

0191 265 6555

Next Steps?

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