3 Bed Terraced House, Cash/Bridging Only, Gateshead, NE9 6YT, £170,000

Wythburn Place, Gateshead, NE9 6YT - 3 views - 2 months ago

Sold STC
Cash
ROI: 1%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£68K - £283K
Sold Prices/m²£829/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£175,100
BMV3%

 

 

End Value (After Refurb)

£189,153

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£35,600

Bridging Loan Interest

£4,463

Total Cash In

£90,613

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,153

Mortgage (After Refinance)

£141,864

Mortgage LTV

75%

Cash Released

£14,364

Cash Left In

£76,248

Equity

£47,288

Rent Range

£700 - £1,395

Rent Estimate

£864

Running Costs/mo

£784

Cashflow/mo

£80

Cashflow/yr

£961

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £68K to £283K, average is £164K. £829/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£168K12/230.02 mi17, Wythburn Place, Gateshead, Tyne And Wear NE9 6YT3
£157K10/230.06 mi5, Penrith Gardens, Gateshead, Tyne And Wear NE9 6YN3
£168.5K02/230.09 mi12, Bowness Place, Gateshead, Tyne And Wear NE9 6YX3
£98K05/230.11 mi6, Aspenlaw, Gateshead, Tyne And Wear NE9 6SW3
£118K01/240.13 mi19, Seascale Place, Gateshead, Tyne And Wear NE9 6YP3
£134K02/230.15 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£115K03/210.15 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£90K08/230.15 mi16, Bramblelaw, Gateshead, Tyne And Wear NE9 6RX3
£232K10/200.15 mi9, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£188.5K07/210.15 mi14, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£125K01/210.23 mi78, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YH3
£94K08/240.24 mi7, Whinlaw, Gateshead, Tyne And Wear NE9 6RS3
£160K04/210.25 mi20, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF3
£100K01/230.25 mi40, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£86.5K05/240.25 mi1, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£155K09/210.26 mi70, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA3
£168K05/230.26 mi41, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA3
£128K12/200.26 mi57, Ulverston Gardens, Gateshead, Tyne And Wear NE9 6NB3
£134.9K03/240.26 mi61, Ulverston Gardens, Gateshead, Tyne And Wear NE9 6NB3
£200K07/210.27 mi7, Buttermere Gardens, Gateshead, Tyne And Wear NE9 6TP3
£168K11/220.27 mi41, Ulverston Gardens, Gateshead, Tyne And Wear NE9 6NA3
£180K04/210.28 mi7, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£170K07/210.28 mi65, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£232.5K06/210.29 mi5, Whinlatter Gardens, Gateshead, Tyne And Wear NE9 6TJ3
£92K07/210.3 mi9, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£72K03/210.3 mi19, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£148K08/210.3 mi21, Ennerdale Gardens, Gateshead, Tyne And Wear NE9 6TQ3
£185K02/230.3 mi22, Ennerdale Gardens, Gateshead, Tyne And Wear NE9 6TQ3
£170.5K09/230.3 mi11, Evenwood Gardens, Gateshead, Tyne And Wear NE9 5RT3
£80K07/210.32 mi34, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£95K01/210.32 mi36, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£168K08/230.34 mi27, Scotby Gardens, Gateshead, Tyne And Wear NE9 6NH3
£283K03/240.34 mi10, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS3
£206K10/230.34 mi15, Larne Crescent, Gateshead, Tyne And Wear NE9 5RP3
£115K09/230.35 mi6, Crosby Gardens, Gateshead, Tyne And Wear NE9 6NJ3
£235K04/210.35 mi26, Larne Crescent, Gateshead, Tyne And Wear NE9 5RQ3
£210K06/210.36 mi21, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£215K01/210.36 mi6, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£252K08/220.36 mi17, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£120K07/210.36 mi14, Thursby Gardens, Gateshead, Tyne And Wear NE9 6NL3
£126K01/230.36 mi7, Thursby Gardens, Gateshead, Tyne And Wear NE9 6NL3
£88K12/200.37 mi27, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£100K11/210.37 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£68K10/200.37 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£237.5K12/220.37 mi9, Rosewood Gardens, Gateshead, Tyne And Wear NE9 5RX3
£170K04/230.37 mi2, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RR3
£280K01/210.39 mi85, Church Road, Gateshead, Tyne And Wear NE9 5RH3
£260K05/220.39 mi30, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£190K03/230.39 mi44, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£280.5K01/210.4 mi18, Church Road, Gateshead, Tyne And Wear NE9 5RD3

Local Rents

13 rents from £700/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72506/240.25 mi-3
£72506/240.25 miFernlough, Gateshead, NE93
£89905/240.27 mi-3
£85007/240.35 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£1,39506/240.42 miChurch Road, Low Fell3
£89506/240.43 miCherrytree Gardens, Low Fell3
£1,20003/250.45 mi-3
£85006/240.49 miHarraby Gardens, Low Fell, Gateshead, NE93
£1,05003/250.51 mi-3
£70006/240.53 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£89506/240.54 miFlorence Avenue, Low Fell, Gateshead, NE93
£77506/240.56 miWesley Street, Low Fell, Gateshead3
£80007/240.6 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £170,000

January 8, 2025

Floor Plans

Description

  • Three Bed End Terrace House +

  • Modern Interior +

  • Large Corner Plot +

  • Approx. Floor Area: 81sqM or 874sqFT +

  • Council Tax Band A +

  • EPC RATING C +

Much Improved and stunning family home with large gardens to front, side and rear. Would also suit First Time Buyers.

The home has recently undergone refurbishment including:
Full Rewire
New Radiators
New Double Glazed Windows
Some New flooring
Redecoration

Comprises; hallway with under stairs storage cupboard, spacious lounge/dining room with newly fitted wood laminate flooring and French doors to rear garden. Kitchen with plumbing for washing machine, space for fridge freezer, cooker included and door to rear garden.

First floor landing with access to loft space which we have been advised is boarded, fully tiled bathroom with shower over bath and electric radiator. Three spacious bedrooms (two with built in wardrobes) with wood laminate flooring and spot lights.

Large enclosed gardens mainly lawned to the front, side and rear with two outhouses for storage.

Gas central heating system via a combi boiler.

We understand the property to be Freehold.

MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240473/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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