3 Bed Terraced House, Single Let, Washington, NE38 9EP, £115,000

41 Spout Lane, Washington, NE38 7HP - 4 months ago

Sold STC
BTL
ROI: 6%
~69 m²
+16 photos

ValuationUndervalued

Sold Prices£97K - £415K
Sold Prices/m²£1K/m² - £3.2K/m²

 

 

Square Metres

~69.20 m²
Price/m²£1.7K/m²

Value Estimate

£138,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£675 - £1,800

Rent Estimate

£694

Running Costs/mo

£518

Cashflow/mo

£176

Cashflow/yr

£2,110

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £97K to £415K, average is £170K. £1K/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£117K12/220.04 mi59, Coquet, Washington, Tyne And Wear NE38 9ER3
£125.5K04/210.04 mi14, Coquet, Washington, Tyne And Wear NE38 9EP3
£110K10/210.04 mi7, Coquet, Washington, Tyne And Wear NE38 9EP3
£122K07/230.04 mi32, Coquet, Washington, Tyne And Wear NE38 9EP3
£122K07/230.04 mi32, Coquet, Washington, Tyne And Wear NE38 9EP3
£132.5K08/230.04 mi43, Coquet, Washington, Tyne And Wear NE38 9EP3
£127.5K10/220.04 mi35, Coquet, Washington, Tyne And Wear NE38 9EP3
£130K06/240.07 mi51, Coquet, Washington, Tyne And Wear NE38 9ER3
£121.5K12/230.12 mi30, Wansbeck, Washington, Tyne And Wear NE38 9EF3
£130K10/220.13 mi17, Alwin, Washington, Tyne And Wear NE38 9EL3
£120K02/230.13 mi4, Alwin, Washington, Tyne And Wear NE38 9EL3
£131.5K06/230.16 mi64, Wansbeck, Washington, Tyne And Wear NE38 9EG3
£165K12/230.16 mi14, Sheridan Green, Washington, Tyne And Wear NE38 9DY3
£157K10/200.18 mi53, Hargill Drive, Washington, Tyne And Wear NE38 9EY3
£184.5K12/200.18 mi27, Hargill Drive, Washington, Tyne And Wear NE38 9EY3
£170K03/210.18 mi23, Hargill Drive, Washington, Tyne And Wear NE38 9EY3
£250K11/230.18 mi45, Hargill Drive, Washington, Tyne And Wear NE38 9EY3
£124.5K07/210.24 mi15, Teviot, Washington, Tyne And Wear NE38 9EE3
£122.5K06/210.24 mi1, Teviot, Washington, Tyne And Wear NE38 9EE3
£315K03/210.3 mi1, Deepdale, Washington, Tyne And Wear NE38 9EA3
£315K04/240.3 mi5, Deepdale, Washington, Tyne And Wear NE38 9EA3
£112K11/210.34 mi34, Laburnum Avenue, Washington, Tyne And Wear NE38 9BU3
£145K02/240.34 mi41, Laburnum Avenue, Washington, Tyne And Wear NE38 9BU3
£168K11/200.41 mi41, Larchwood, Washington, Tyne And Wear NE38 9BT3
£190K03/210.41 mi58, Larchwood, Washington, Tyne And Wear NE38 9BT3
£262K07/230.41 mi4, Larchwood, Washington, Tyne And Wear NE38 9BT3
£233.5K06/210.43 mi5, Alderwood, Washington, Tyne And Wear NE38 9BS3
£215K10/210.43 mi34, Alderwood, Washington, Tyne And Wear NE38 9BS3
£250K06/240.43 mi38, Alderwood, Washington, Tyne And Wear NE38 9BS3
£105K09/210.44 mi4, Sycamore Avenue, Washington, Tyne And Wear NE38 9BH3
£176K11/200.47 mi15, Lambton Court, High Rickleton, Washington, Tyne And Wear NE38 9HE3
£415K01/210.47 mi24, Lambton Court, High Rickleton, Washington, Tyne And Wear NE38 9HE3
£330K04/210.47 mi22, Lambton Court, High Rickleton, Washington, Tyne And Wear NE38 9HE3
£205K04/230.48 mi12, Crake Way, Washington, Tyne And Wear NE38 0DR3
£138K12/230.5 mi13, Curlew Close, Washington, Tyne And Wear NE38 0EH3
£146.5K01/230.5 mi37, Wigeon Close, Washington, Tyne And Wear NE38 0EQ3
£247.5K10/200.5 mi17, Woodlands, High Rickleton, Washington, Tyne And Wear NE38 9HD3
£272K03/210.5 mi19, Woodlands, High Rickleton, Washington, Tyne And Wear NE38 9HD3
£350K05/210.5 mi6, Woodlands, High Rickleton, Washington, Tyne And Wear NE38 9HD3
£245K05/210.52 mi25, Martin Court, Washington, Tyne And Wear NE38 0EP3
£275K06/210.52 mi19, Martin Court, Washington, Tyne And Wear NE38 0EP3
£97K02/230.53 mi17, Dunnock Drive, Washington, Tyne And Wear NE38 0EF3
£112K06/210.53 mi27, Heron Close, Washington, Tyne And Wear NE38 0EJ3
£115K08/230.53 mi4, Heron Close, Washington, Tyne And Wear NE38 0EJ3
£265K04/240.54 mi34, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£245K11/200.54 mi21, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£270K09/230.54 mi31, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£235K02/240.54 mi4, Graylands, High Rickleton, Washington, Tyne And Wear NE38 9HF3
£226.5K02/210.54 mi7, Redshank Close, Washington, Tyne And Wear NE38 0DP3
£190K07/230.54 mi30, Redshank Close, Washington, Tyne And Wear NE38 0DP3
£230K01/210.55 mi7, Vigodale, Birtley, Chester Le Street, Tyne And Wear DH3 2HP3

Local Rents

15 rents from £675/mo to £1.8K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£80012/240.08 miPetteril, Washington, Tyne and Wear, NE38 9EQ3
£72512/240.08 miPetteril, Washington, Tyne and Wear, NE383
£1,20005/240.27 miHarthope Close, Rickleton, Washington3
£1,80005/240.6 miThe Generals Wood, Washington, Tyne and Wear, NE383
£79505/240.71 miBurtree, Lambton, Washington, Tyne and Wear, NE383
£67502/240.76 mi-3
£72512/240.76 miSuffolk Place, Birtley, Chester Le Street, County Durham, DH33
£77512/240.85 mi-3
£79502/250.88 mi-3
£70005/240.91 mi-3
£79512/240.93 miPolperro Close, DH33
£72512/240.95 mi-3
£75012/240.96 miBerwick Street, Washington3
£1,10001/251 mi-3
£67505/241.24 mi-3

Local Area Statistics

Population in NE38

31,232

Population in Washington

52,264

Town centre distance

1.74 miles away

Nearest school

0.20 miles away

Nearest train station

2.12 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Price changed to £115,000

January 31, 2025

Listed for £120,000

December 27, 2024

Floor Plans

Description

  • 3 Bedrooms +
  • Living Room +
  • Kitchen Dining Room +
  • Utility Room +
  • Popular Location +
  • Council Tax Band: A +
  • Freehold +
  • Low Maintenace Gardens Front & Rear +
  • Disclaimer +

Jill Moore Sales & Lettings are pleased to welcome to the market this mid-terrace property in the popular area of Rickleton, Washington. Located on Coquet in the village of Rickleton, the property is ideally located a short distance from the Washington Galleries Retail Park as well as major 'A' roads such as the A1231 connecting to Sunderland and the A1.

To be sold with no upper chain, the property has recently been refreshed with new decor and carpet flooring. The property also boasts a spacious lounge and a separate kitchen/diner with a modern range of kitchen units. In addition, the ground floor offers space for a w/c and utility room. The first floor provides three spacious bedrooms, family bathroom and separate toilet. The exterior offers large and well-presented garden spaces with off-street parking available to the front. The low maintenance and enclosed garden to the rear alos features an outbuilding for garden storage. This property makes the perfect first time buy for anyone looking to personalise it to their own taste. Alternately, the property would make a great BTL or investment purchase.

Agent Details

Jill Moore Select Properties, Washington

0191 743 6875

Next Steps?

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