4 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE11 9XH, £220,000

Redesdale Gardens, Gateshead, Tyne And Wear, NE11 9XH - 2 views - 4 months ago

Cash
ROI: 2%
~129 m²
+2 photos

ValuationUndervalued

Sold Prices£140K - £435K
Sold Prices/m²£1.2K/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£226,600
BMV3%

 

 

End Value (After Refurb)

£227,026

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£49,479

Bridging Loan Interest

£5,775

Total Cash In

£119,804

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,026

Mortgage (After Refinance)

£170,269

Mortgage LTV

75%

Cash Released

£5,269

Cash Left In

£114,535

Equity

£56,756

Rent Range

£785 - £1,300

Rent Estimate

£1,100

Running Costs/mo

£949

Cashflow/mo

£151

Cashflow/yr

£1,807

ROI

2%

Gross Yield

6%

Local Sold Prices

30 sold prices from £140K to £435K, average is £262.5K. £1.2K/m² to £3.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£185K10/230.11 mi1, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ4
£199.9K07/240.14 mi37, Douglas Gardens, Gateshead, Tyne And Wear NE11 9RA4
£275K12/220.2 mi81, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD4
£199.4K10/220.23 mi5, Hawthorne Terrace, Gateshead, Tyne And Wear NE11 9UA4
£180K05/210.29 mi31, Elsdon Gardens, Gateshead, Tyne And Wear NE11 9TN4
£349.9K09/210.29 mi8, Bracken Drive, Gateshead, Tyne And Wear NE11 9QP4
£281K07/230.29 mi26, Appleton Close, Gateshead, Tyne And Wear NE11 9SG4
£290K03/210.3 mi7, Fountains Close, Gateshead, Tyne And Wear NE11 9PX4
£235K06/230.32 mi59, Palatine Place, Gateshead, Tyne And Wear NE11 9SR4
£330K02/230.33 mi1, Gibside Court, Gateshead, Tyne And Wear NE11 9PT4
£195K03/230.34 mi16, Ravensworth Terrace, Dunston, Gateshead, Tyne And Wear NE11 9TE4
£140K10/200.39 mi76, Malvern Gardens, Gateshead, Tyne And Wear NE11 9LL4
£215K03/240.4 mi5, Market Lane, Gateshead, Tyne And Wear NE11 9NX4
£295K04/220.43 mi46, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£300K11/200.43 mi1, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£345K06/210.43 mi13, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£400K10/220.43 mi5, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£185K03/210.45 mi8, Market Lane, Gateshead, Tyne And Wear NE11 9NY4
£430K09/210.45 miWindy Ridge, Whickham Highway, Gateshead, Tyne And Wear NE11 9QH4
£335K02/230.46 mi2, Coppers Close, Gateshead, Tyne And Wear NE11 9NJ4
£200K12/220.48 mi17, Chiltern Gardens, Gateshead, Tyne And Wear NE11 9JU4
£185K11/220.54 mi302, Dunston Road, Gateshead, Tyne And Wear NE11 9PL4
£227.6K11/200.57 mi35, Festival Park Drive, Gateshead, Tyne And Wear NE11 9TU4
£313K05/210.59 mi9, Simonside Walk, Lobley Hill, Gateshead, Tyne And Wear NE11 0AG4
£298K12/210.61 mi20, Red Admiral Court, Gateshead, Tyne And Wear NE11 9TW4
£143K11/200.68 mi2, Elderwood Gardens, Gateshead, Tyne And Wear NE11 0DH4
£215K03/210.8 mi39, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF4
£290K09/230.84 mi35, Coniston Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4ER4
£435K05/240.84 mi27, Coniston Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4ER4
£250K08/220.9 mi9, Hazel Road, Gateshead, Tyne And Wear NE8 2EP4

Local Rents

17 rents from £785/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89503/250.14 mi-3
£89506/240.22 mi-3
£83303/250.28 mi-3
£1,20003/240.28 mi-4
£1,20005/240.29 miElsdon Gardens, Gateshead4
£87512/240.29 mi-3
£78506/240.42 mi-4
£99507/240.44 miMalvern Gardens, Lobley Hill, Gateshead3
£90003/250.48 mi-3
£99504/240.55 mi-3
£1,30006/240.55 mi-3
£1,20011/240.56 mi-3
£1,25001/250.56 mi-3
£1,30006/240.58 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£1,10004/250.59 mi-4
£1,25007/240.6 miRopery Road, Gateshead, NE83
£1,05005/240.6 miHawthorn House, Lobley Hill3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.32 miles away

Nearest school

0.40 miles away

Nearest train station

0.27 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £220,000

December 22, 2024

Sold for £133,000

2008

Sold for £125,000

2005

Sold for £73,000

2001

Sold for £67,950

2000

Description

  • Extended four bedroom semi-detached +
  • Off-road parking +
  • Ground floor WC +
  • Spacious kitchen/diner +
  • Extensive wrap-around gardens +
  • Close to amenities +
  • Excellent transport links +

Situated in the heart of Dunston, is this excellent FOUR bedroom extended family home on a FREEHOLD tenure, proudly situated on the popular Redesdale Gardens. Exceptional throughout, upgraded to a very high standard by the current owner, and ready to move in.

Entrance from the walled front of the property with off-street parking with access to the stylish living area and the open plan kitchen/dining area that flows delightfully to the rear of the property. The added benefit of this property is the downstairs bedroom and that all important ground floor toilet.

The additional three generously sized bedrooms are on the first floor, which all together complement very well the rest of this lovely home, including the family bathroom.

Externally you will find the extensive wrap around gardens that are beautifully landscaped with decked patio areas, fully fenced off and bordered by mature trees and shrubs, very well maintained and without doubt provides an ample and very desirable outside space. To the front of the property is the drive with parking and a lawned garden.

If you would like to make an Offer:

Please note that Target Property NE will immediately notify the seller when any offer is made on this property. At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.

Tenure:

Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale. Prospective buyers must always make appropriate and further enquiries with their own legal adviser.

Agent Details

Target Property NE, Whickham

07901 862377

Next Steps?

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