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











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 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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