3 Bed Flat, Single Let, Gateshead, NE8 3PR, £74,950
93 King Edward Street, Gateshead, NE8 3PR - 2 views - 2 months ago
Sold STC
Leasehold
BTL
ROI: 13%
64 m²





+6 photos
ValuationUndervalued
Sold Prices | £58K - £185.5K |
Sold Prices/m² | £696/m² - £2.4K/m² |
| |
Square Metres | 64 m² |
Price/m² | £1.2K/m² |
Value Estimate | £78,387 |
BMV | 5% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £18,738 |
Stamp Duty & Legal Fees | £3,449 |
Total Cash In | £22,186 |
| |
Cash Out | |
Rent Range | £595 - £3,500 |
Rent Estimate | £625 |
Running Costs/mo | £379 |
Cashflow/mo | £246 |
Cashflow/yr | £2,949 |
ROI | 13% |
Gross Yield | 10% |
Local Sold Prices
31 sold prices from £58K to £185.5K, average is £95K. £696/m² to £2.4K/m², average is £1.2K/m².
Local Rents
51 rents from £595/mo to £3.5K/mo, average is £895/mo.
Local Area Statistics
Population in NE8 | 32,358 |
Population in Gateshead | 122,353 |
Town centre distance | 0.92 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.28 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +64% |
Sales demand | Balanced market |
Capital growth (5yrs) | +15% |
Property History
Listed for £74,950
January 7, 2025
Description
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