2 Bed Flat, Single Let, Newcastle upon Tyne, NE16 3JS, £54,950

5 Axwell Terrace, Swalwell, Newcastle upon Tyne - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 22%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£35K - £295K
Sold Prices/m²£537/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£807/m²

Value Estimate

£67,589
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,738

Stamp Duty & Legal Fees

£3,948

Total Cash In

£17,685

 

 

Cash Out

 

Rent Range

£525 - £950

Rent Estimate

£647

Running Costs/mo

£321

Cashflow/mo

£326

Cashflow/yr

£3,911

ROI

22%

Gross Yield

14%

Local Sold Prices

51 sold prices from £35K to £295K, average is £72K. £537/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£74K01/230 mi51, Axwell Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JS2
£52K08/220.02 mi14, Napier Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BT2
£48K05/220.04 mi75, Ridley Gardens, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3HT2
£65K07/210.06 mi75, Axwell Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JS2
£65K07/230.06 mi17, Park Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BU2
£55K03/220.06 mi79, Park Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BU2
£70K10/200.09 mi3, Lyndhurst Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DY2
£91K04/220.09 mi37, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£88K11/220.1 mi28, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£91.5K11/230.1 mi36, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£97K08/210.23 mi17, Broadmeadows Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DD2
£84.7K11/220.47 mi21, Coalway Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BX2
£65K10/200.56 mi4a, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN2
£65K10/200.56 mi4a, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN2
£117.5K04/230.74 mi34, Corsair, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YB2
£170K12/200.87 mi5, Axwell Park School Houses, Blaydon-on-tyne, Tyne And Wear NE21 6RN2
£113K06/211.07 mi26, Marston Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BS2
£134.6K10/231.07 mi14, Marston Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BS2
£295K01/211.16 miApartment 1, The Mansion House, Mansion Heights, Gateshead, Tyne And Wear NE11 9DA2
£113.5K12/201.17 mi61, Leasyde Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UF2
£119K04/211.25 mi26, Ravenscar Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TW2
£106K01/211.26 mi31, Ancrum Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5RW2
£36K12/201.28 mi111, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XX2
£65K10/221.3 mi116, Meadow Lane, Gateshead, Tyne And Wear NE11 9PP2
£72K01/241.3 mi129, Meadow Lane, Gateshead, Tyne And Wear NE11 9PP2
£120K08/221.35 mi18, Thornley Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TG2
£135K02/231.39 mi43, Wansford Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TA2
£80K09/221.4 miS2 Cheviot Court, West View, Blaydon-on-tyne, Tyne And Wear NE21 5AG2
£71K08/211.4 mi124, Dunston Road, Gateshead, Tyne And Wear NE11 9EH2
£76K11/201.42 mi40, Dunston Road, Gateshead, Tyne And Wear NE11 9EE2
£70K11/221.43 miF7 Cheviot Court, West View, Blaydon-on-tyne, Tyne And Wear NE21 5AG2
£84K01/211.43 mi34, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ2
£88.5K08/221.44 mi50, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB2
£47K04/211.45 mi19, Parkhead Square, Blaydon-on-tyne, Tyne And Wear NE21 6NR2
£55K06/221.45 mi15, Parkhead Square, Blaydon-on-tyne, Tyne And Wear NE21 6NR2
£66K05/211.45 mi4, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£77K10/211.45 mi30, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£73.5K05/231.45 mi15, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA2
£135K08/211.46 mi3, Napier Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5QH2
£135K11/231.46 mi18, Napier Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5QH2
£55K01/231.46 mi167, Atkinson Road, Newcastle Upon Tyne, Tyne And Wear NE4 8XS2
£72K06/221.47 mi22, Wynyard Street, Gateshead, Tyne And Wear NE11 9NR2
£75K11/221.47 mi38, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ2
£55.5K09/221.49 mi239, Clara Street, Newcastle Upon Tyne, Tyne And Wear NE4 8PY2
£65K09/211.51 mi12, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£70K03/231.51 mi5, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£47.8K07/231.51 mi26, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/231.51 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£35K07/231.51 mi3, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£65K08/231.51 mi6, Hawthorn Close, Benwell Village, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2
£43.5K06/241.51 mi7, Hawthorn Close, Newcastle Upon Tyne, Tyne And Wear NE15 6AG2

Local Rents

19 rents from £525/mo to £950/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£52509/230.02 mi-2
£69506/240.04 mi-2
£75002/250.05 mi-2
£65004/240.05 mi-2
£67512/240.05 mi-2
£65001/250.06 mi-2
£65003/250.06 mi-2
£65003/250.06 mi-2
£65002/250.07 mi-2
£62502/240.09 mi-2
£62502/240.09 mi-2
£75005/240.09 miRosebud Close, Swalwell, Newcastle upon Tyne2
£65012/230.11 mi-2
£77501/250.46 mi-2
£69503/250.46 mi-2
£95003/250.52 mi-2
£75005/240.52 miThe Hermitage, Whickham Front Street, NE162
£80006/240.52 miThe Hermitage, Whickham Front Street, NE162
£85006/240.53 miHawksbury, Whickham, NE162

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

3.94 miles away

Nearest school

0.30 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £54,950

December 18, 2024

Floor Plans

Description

  • Spacious Two Bedroom Upper Flat +
  • Great Location +
  • 5 Minutes from the Metrocentre +
  • Ample Transport Links +
  • Investment Potential +
  • No Chain +
  • Long Term Rental Investment +

Welcome to Axwell Terrace. This property is a two-bedroom, one-bathroom upper-flat on Axwell Terrace. Keep reading to find out what makes this property unique!

Investment Potential:

With its location and features, this property presents an appealing investment prospect bringing in a 12% rental yield. With a bit of TLC, you could turn this property into a long-term home for a tenant while bringing in a good rental yield.

Prime Location Close to the Metrocentre:

This property enjoys a prime location with easy access to essential amenities as well as being only a 5-minute drive from the Metrocentre. There are ample bus routes in the area as well as being a 7-minute drive from the Metrocentre Train Station, making daily life convenient and hassle-free.

Feature Fireplace:

Enjoy the warmth of a charming feature fireplace which is not only a lovely focal point for the room but also gives comfort and warmth throughout the colder months.

As you head upstairs in the property, you are greeted by a bright, spacious living room that features a traditional stone fireplace that is the focal point in the room. You then walk through to the galley kitchen that features an integrated oven and hob. There are also back splash tiles for functionality, making clean-ups effortless.

In this property, there are two bedrooms, one spacious double bedroom as well as one single bedroom. You also have one family bathroom, complete with a bath.

Externally you have on street parking to the front of the property as well as a small enclosed area for bin storage to the rear of the property.

This house is located near many local amenities such as a hospital, schools, shops, takeaways, and other everyday necessities.

Early viewing is highly recommended.

Council Tax Band: A (Newcastle City Council)
Tenure: Leasehold (963 years)

Agent Details

NGU HOMES, Gateshead

0191 625 0172

Next Steps?

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

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