3 Bed Flat, Single Let, Newcastle upon Tyne, NE4 8QA, £60,000

Ethel Street, Benwell, Newcastle Upon Tyne, NE4 8QA - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 23%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£35K - £153K
Sold Prices/m²£470/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£645/m²

Value Estimate

£72,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£600 - £3,600

Rent Estimate

£694

Running Costs/mo

£346

Cashflow/mo

£348

Cashflow/yr

£4,172

ROI

23%

Gross Yield

14%

Local Sold Prices

50 sold prices from £35K to £153K, average is £82.3K. £470/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£77K10/230.25 mi31, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AH3
£35K02/210.3 mi122, Colston Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UN3
£60K06/230.32 mi153, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AJ3
£85K02/230.33 mi163, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AB3
£105.5K12/220.44 mi61, West Road, Newcastle Upon Tyne, Tyne And Wear NE4 9PX3
£92.5K09/230.64 mi219, Wingrove Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9AB3
£75K11/220.72 mi10, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA3
£90K09/220.82 mi19, Bishops Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 5NJ3
£90K07/220.98 mi62, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£108K04/230.98 mi46, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£68K11/230.98 mi30, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£80K01/211.05 mi118, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QB3
£82.5K01/231.08 mi69, Castleside Road, Newcastle Upon Tyne, Tyne And Wear NE15 7DR3
£76.5K03/231.08 mi55, Castleside Road, Newcastle Upon Tyne, Tyne And Wear NE15 7DR3
£70K07/221.12 mi18, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA3
£82K03/211.14 mi182, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£96.5K10/211.14 mi164, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£95K01/231.14 mi182, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£82K03/211.15 mi184, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£65K06/221.16 mi82, Tantobie Road, Newcastle Upon Tyne, Tyne And Wear NE15 7DQ3
£105K09/221.25 mi359, Two Ball Lonnen, Newcastle Upon Tyne, Tyne And Wear NE4 9SA3
£95K11/221.32 mi4, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS3
£128K06/211.33 mi18, Spring Garden Lane, Newcastle Upon Tyne, Tyne And Wear NE4 5TD3
£67K10/201.33 mi6, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS3
£67.5K03/211.33 mi228, Whickham View, Newcastle Upon Tyne, Tyne And Wear NE15 7HQ3
£68.8K09/221.35 mi18, Howlett Hall Road, Newcastle Upon Tyne, Tyne And Wear NE15 7HS3
£90.1K06/221.35 mi26, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS3
£88K06/221.36 mi71, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£85K10/201.37 mi79, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£57K06/211.37 mi71, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£75K03/231.37 mi67, Swinley Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7HX3
£71K07/231.37 mi59, Swinley Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7HX3
£45K04/211.39 mi46, Howdene Road, Newcastle Upon Tyne, Tyne And Wear NE15 7HT3
£74K08/211.39 mi26, Renforth Street, Gateshead, Tyne And Wear NE11 9BE3
£75K08/221.44 mi37, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AB3
£85K10/231.45 mi110, Haig Street, Gateshead, Tyne And Wear NE11 9BN3
£84K12/201.45 mi80, Haig Street, Gateshead, Tyne And Wear NE11 9BN3
£75K12/221.45 mi32, Crowley Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3HE3
£135K09/231.45 mi38, Belle Grove West, Newcastle Upon Tyne, Tyne And Wear NE2 4LU3
£65K03/211.45 mi85, Park Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BU3
£124.5K05/221.48 mi95, Napier Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BT3
£60K02/231.5 mi52, Axwell Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JS3
£58K03/221.52 mi67, Ridley Gardens, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3HT3
£126.5K11/221.56 mi20b, Clayton Street West, Newcastle Upon Tyne, Tyne And Wear NE1 5BX3
£153K09/231.61 mi46, Claremont Road, Newcastle Upon Tyne, Tyne And Wear NE2 4AN3
£140K04/211.61 mi18, Claremont Road, Newcastle Upon Tyne, Tyne And Wear NE2 4AN3
£85K09/211.62 mi9, Myrtle Avenue, Gateshead, Tyne And Wear NE11 9UD3
£100K11/221.64 mi14, Poplar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9US3
£87K08/211.67 mi36, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ3
£80K06/211.67 mi27, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ3

Local Rents

18 rents from £600/mo to £3.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.05 mi-3
£1,30006/240.05 miEthel Street, Newcastle Upon Tyne, NE43
£60006/240.06 miJoan Street, Benwell, Newcastle Upon Tyne3
£95003/250.2 mi-3
£85002/250.22 mi-3
£85002/250.22 mi-3
£65011/240.24 mi-3
£70012/240.24 mi-3
£2,10005/240.45 mi-3
£95006/240.46 miWest Road, Westerhope, Newcastle upon Tyne, NE43
£1,09505/240.48 mi-3
£1,19505/240.48 miCroftsway, Newcastle Upon Tyne, NE43
£3,60003/250.49 mi-3
£1,15007/240.56 miMiddleton Avenue, Newcastle Upon Tyne3
£1,00006/240.58 mi-3
£1,00006/240.58 miNewcastle Upon Tyne, Newcastle Upon Tyne, NE43
£1,10005/240.6 miChester Pike, The Rise, Newcastle upon Tyne, NE153
£95002/250.61 mi-3

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.67 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £60,000

January 7, 2025

Floor Plans

Description

  • First Floor Flat +
  • Three Bedrooms +
  • No Onward Chain +
  • Double Glazing +
  • Gas Central Heating +

End-Terraced First Floor FlatThree BedroomsNo Onward Chain A purpose-built period flat, well located for access to local amenities, and with good access to Newcastle City Centre. Exceeding 790 square feet, the property includes a Private Entrance and Hallway, a First Floor Landing, a Living Room/ Dining Room, a Kitchen, Three Bedrooms, and a Bathroom. The flat further benefits from double glazing, gas central heating, and a rear yard.
Council Tax Band: A
Material Information - Please refer to Material Information Report.

Agent Details

Pat Robson, Jesmond

0191 625 0204

Next Steps?

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