3 Bed Semi-Detached House, Refurb/BRRR, Cramlington, NE23 7LG, £159,950

22 Station Road, Forest Hall, NE12 9AD - 6 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 6%
61 m²
+6 photos

ValuationOvervalued

Sold Prices£60K - £305K
Sold Prices/m²£789/m² - £2.8K/m²

 

 

Square Metres

61 m²
Price/m²£2.6K/m²

Value Estimate

£87,562

 

 

End Value (After Refurb)

£162,000

Uplift in Value

+-5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£6,299

Refurb Costs

£23,351

Bridging Loan Interest

£4,199

Total Cash In

£75,585

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,000

Mortgage (After Refinance)

£121,500

Mortgage LTV

75%

Cash Released

£1,538

Cash Left In

£74,048

Equity

£40,500

Rent Range

£795 - £1,275

Rent Estimate

£1,134

Running Costs/mo

£753

Cashflow/mo

£381

Cashflow/yr

£4,571

ROI

6%

Gross Yield

9%

Local Sold Prices

49 sold prices from £60K to £305K, average is £152K. £789/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£152K03/210.06 mi27, Redford Place, Burradon, Cramlington, Tyne And Wear NE23 7LG3
£200K09/210.1 mi6, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NE3
£95K02/210.1 mi153, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XU3
£135K06/240.1 mi88, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XT3
£115K07/240.12 mi12, Hall Drive, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XP3
£90K06/210.16 mi49, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PD3
£161K05/230.17 mi86, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XN3
£90K06/240.19 mi24, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£60K03/230.19 mi19, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£118K08/230.19 mi1, Attlee Close, Burradon, Cramlington, Tyne And Wear NE23 7PB3
£158K12/200.19 mi11, Havanna, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BL3
£110K05/210.2 mi61, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XS3
£175K05/230.2 mi60, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£190K11/230.2 mi86, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£177.5K08/230.2 mi68, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BB3
£130K02/240.21 mi18, Bell Grove, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XE3
£178K08/210.23 mi2, Netherton, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BQ3
£162K05/210.25 mi69, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BA3
£114K10/200.26 mi1, Means Court, Burradon, Cramlington, Tyne And Wear NE23 7PE3
£115K10/230.26 mi46, Station Road, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5UX3
£89.5K11/200.27 mi72, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£181K05/210.27 mi43, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3
£120K03/210.3 mi11, Willow Gardens, Newcastle Upon Tyne, Tyne And Wear NE12 6SD3
£155K05/230.34 mi9, Culloden Walk, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QD3
£92.5K07/230.36 mi9, Maple Court, Newcastle Upon Tyne, Tyne And Wear NE12 6GR3
£168K01/210.37 mi10, Agincourt, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QH3
£240K04/230.37 mi4, Agincourt, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QH3
£166K12/200.37 mi10, Glencoe, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QB3
£93K03/210.39 mi2, Sycamore Place, Newcastle Upon Tyne, Tyne And Wear NE12 6SJ3
£73.3K04/230.39 mi10, Sycamore Place, Newcastle Upon Tyne, Tyne And Wear NE12 6SJ3
£190K08/210.4 mi13, Falkirk, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QA3
£162.5K12/220.4 mi32, Falkirk, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QA3
£210K06/210.4 mi5, Sedgemoor, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PZ3
£162K11/210.41 mi9, Stamford, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PY3
£166K07/240.43 mi21, Newbury, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PW3
£158K05/210.43 mi18, Newbury, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6PW3
£100K12/230.44 mi18, Mallard Court, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TJ3
£107K06/230.48 mi2, Angus Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6QR3
£250K05/240.54 mi36, West Wynd, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FP3
£150K09/230.55 mi21, Deepdale Gardens, Newcastle Upon Tyne, Tyne And Wear NE12 6QS3
£161.5K04/210.58 mi8, Greenacres Close, Newcastle Upon Tyne, Tyne And Wear NE12 6SG3
£305K11/220.59 mi77, Edgemount, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6GQ3
£140K12/220.6 mi11, Coniston Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TN3
£135K06/230.61 mi9, Coniston Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TN3
£117.5K11/200.61 mi11, Coniston Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6TN3
£142K10/200.65 mi47, Hallington Mews, Newcastle Upon Tyne, Tyne And Wear NE12 6UF3
£175K06/230.65 mi48, Hallington Mews, Newcastle Upon Tyne, Tyne And Wear NE12 6UF3
£160K05/210.68 mi52, Bolam Road, Newcastle Upon Tyne, Tyne And Wear NE12 6YH3
£130K09/210.68 mi24, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB3

Local Rents

14 rents from £795/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£89501/240.08 mi-3
£92507/240.17 miCamperdown, NEWCASTLE UPON TYNE, NE12 5XL3
£92505/240.4 miSedgemoor, Highfields, Killingworth3
£79505/240.44 miMallard Court, Killingworth3
£1,03005/240.54 miCygnet Park, Killingworth, NE12 5AS3
£1,20005/240.54 miAdmiral Way, Killingworth, NE123
£1,18505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.54 miAdmiral Way, Killingworth, NE123
£1,27505/240.57 miHazel Court, Camperdown, Newcastle Upon Tyne, NE123

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

3.07 miles away

Nearest school

0.20 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £159,950

February 16, 2025

Listed for £169,950

December 28, 2024

Sold for £40,000

1998

Description

  • Semi detached +
  • Three bedrooms +
  • Driveway +
  • Garage +
  • Garden +
  • EPC: C +
  • Council tax band: B +
  • Tenure: Freehold +

Introducing this semi-detached house, an opportunity for first-time buyers, investors, and families alike. Currently listed for sale, this property offers an excellent canvass for those looking to inject their style into a new home, as it is in need of modernisation.

This property features three bedrooms and a family bathroom. It is perfect for those who value space and comfort. The house comes with a spacious lounge, providing a cosy setting for family gatherings, relaxation, or entertaining guests.

The house comes equipped with a kitchen, ready for you to add your personal touch. Whether you are an aspiring chef or a culinary enthusiast, you will appreciate the potential this cooking space has to offer.

The property is rated C for Energy Performance Certificate (EPC), indicating a relatively good level of energy efficiency. This means lower energy costs, which is sure to be a welcome benefit for the new owners. The property falls within council tax band B, which is another important consideration for prospective buyers.

One of the unique features of this house is its single garage, that assures secure parking or additional storage space.

Location is another important factor that sets this property apart. It is conveniently located near public transport links, local amenities, and walking routes - making it perfect for those who value convenience and an active lifestyle. 

In summary, this semi-detached house presents a fantastic opportunity to acquire a property with great potential, in a desirable location.

PRIMARY SERVICES SUPPLY
Electricity: MAINS
Water: MAINS
Sewerage: MAINS
Heating: MAINS
Broadband: NONE
Mobile Signal Coverage Blackspot: NO
Parking: DRIVEWAY & SINGLE GARAGE

Agent Details

Rook Matthews Sayer, Forest Hall

0191 743 9300

Next Steps?

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