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.
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
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