3 Bed Terraced House, Refurb/BRRR, Gateshead, NE9 5DU, £200,000

Ellwood Gardens, Gateshead, NE9 5DU - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£35,600

Bridging Loan Interest

£5,250

Total Cash In

£99,800

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,750

Mortgage (After Refinance)

£128,813

Mortgage LTV

75%

Cash Left In

£99,800

Equity

£42,938

Rent Range

£595 - £3,500

Rent Estimate

£944

Running Costs/mo

£745

Cashflow/mo

£199

Cashflow/yr

£2,388

ROI

2%

Gross Yield

6%













Local Rents

52 rents from £595/mo to £3.5K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£89506/240.05 miInskip Terrace, Gateshead3
£59506/240.08 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£60001/240.08 mi-3
£65001/250.08 mi-3
£80004/240.13 mi-3
£69504/240.15 mi-3
£75007/240.15 mi-3
£69512/240.15 mi-3
£69512/240.15 mi-3
£95009/240.19 mi-3
£72507/240.2 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£1,55007/240.29 miPark View Avenue, Gateshead3
£70012/240.31 mi-3
£94506/240.32 miRodsley Avenue, Gateshead, Tyne And Wear, NE83
£75006/240.33 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE83
£95006/240.35 miPrince Consort Road, Gateshead3
£1,00006/240.35 miRodsley Avenue, Gateshead3
£79502/250.36 mi-3
£89506/240.39 miNorthway, Gateshead3
£75004/240.4 mi-3
£95012/240.43 mi-3
£79502/240.44 mi-3
£62501/240.45 mi-3
£62501/240.45 mi-3
£65011/240.45 mi-3
£65001/250.45 mi-3
£69506/240.45 miWestbourne Avenue, Gateshead3
£79510/230.46 mi-3
£69506/240.47 miHowe Street, Gateshead, Tyne and Wear, NE83
£82503/250.47 mi-3
£89506/240.49 miOld Durham Road, Gateshead, NE83
£89507/240.49 miOld Durham Road, Gateshead, NE83
£89507/240.49 mi-3
£89507/240.49 mi-3
£2,35004/240.51 mi-3
£2,45008/240.51 mi-3
£2,45011/240.51 mi-3
£2,30003/250.51 mi-3
£2,30003/250.51 mi-3
£77506/240.51 mi-3
£67506/240.51 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£65003/250.52 mi-3
£89506/240.53 miFerndene Road,Gateshead, Tyne And Wear3
£79507/240.53 mi-3
£79507/240.53 miSheriffs Highway, Gateshead, NE93
£3,50003/250.54 mi-3
£70006/240.54 miFern Dene Road, Gateshead3
£85008/240.54 mi-3
£85007/240.54 miHowe Street, Gateshead, NE83
£65006/240.54 miBrighton Road, Gateshead3
£62512/240.55 mi-3
£65008/240.55 mi-3

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.69 miles away

Nearest school

0.30 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £200,000

January 8, 2025

Floor Plans

Description

  • No Upper Chain +
  • Three Bedrooms +
  • End Of Terrace +
  • Pedestrianised Street +
  • Close to Amenities +
  • Transport Links Nearby +
  • Freehold +
  • Council Tax Band B +
  • Viewing Recommended +
  • Call for More Information +

Video Tour on our YouTube Channel |

This three-bedroom end of terrace property is situated on a pedestrianised street and located within a popular residential area, close to excellent amenities and transport links. Offered for sale with the benefit of no onward chain.

The property is in need of some modernisation and briefly comprises to the ground floor: - entrance hallway, bright and airy lounge with bay window, dining room, and kitchen with wall and floor units and access to the rear. To the first floor, there are three good-sized bedrooms and a family bathroom/w.c. The property further benefits from gas central heating and double glazing.

Externally there are lawned gardens to the front and side. There is also a garden to the rear with a paved driveway and double gate access, for off street parking.

Early viewings are highly anticipated. For more information and to book a viewing, please call our Gateshead office on .

Tenure
The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *B*

Lounge - 3.72 x 3.87 (12'2" x 12'8") -

Dining Room - 5.78 x 3.76 (18'11" x 12'4") -

Kitchen - 3.40 x 4.29 (11'1" x 14'0") -

Bedroom One - 3.96 x 3.22 (12'11" x 10'6") -

Bedroom Two - 3.22 x 2.79 (10'6" x 9'1") -

Bedroom Three - 2.67 x 2.42 (8'9" x 7'11") -

Agent Details

Jan Forster Estates, Gosforth

0191 625 0923

Next Steps?

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