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

Sold Prices£50K - £500K
Sold Prices/m²£806/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£168,635

 

 

End Value (After Refurb)

£171,750

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

£746

Cashflow/mo

£198

Cashflow/yr

£2,382

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £500K, average is £193.5K. £806/m² to £3.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£216K11/220.04 mi27, Ellwood Gardens, Gateshead, Tyne And Wear NE9 5DU3
£173K09/210.06 mi21, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£225K08/230.06 mi20, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£127.5K07/210.07 mi92, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£160K08/210.07 mi70, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£165K02/210.07 mi88, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£210K11/220.09 mi11, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£50K05/240.1 mi302, Old Durham Road, Gateshead, Tyne And Wear NE8 4BQ3
£190K03/230.1 mi8, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3
£225K10/210.1 mi18, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3
£193K02/210.12 mi8, Salkeld Gardens, Gateshead, Tyne And Wear NE9 5ED3
£128K05/230.13 mi63, Deckham Terrace, Gateshead, Tyne And Wear NE8 3UY3
£145K07/230.14 mi82, Carr Hill Road, Gateshead, Tyne And Wear NE9 5LR3
£327.5K06/210.17 mi270, Durham Road, Gateshead, Tyne And Wear NE8 4JR3
£250K02/240.17 mi219, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£285K01/210.17 mi203, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£96K04/210.18 mi58, Grange Terrace, Deckham, Gateshead, Tyne And Wear NE9 5LL3
£385K07/230.19 mi14, Essex Gardens, Gateshead, Tyne And Wear NE9 5BB3
£292.5K05/240.21 mi247, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£306.5K03/230.21 mi245, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£80K11/200.22 mi61, Baden Powell Street, Gateshead, Tyne And Wear NE9 5LD3
£130K06/230.22 mi123a, Durham Road, Gateshead, Tyne And Wear NE8 4AQ3
£153K08/210.23 mi7, Warburton Crescent, Gateshead, Tyne And Wear NE9 5LJ3
£220K02/240.24 mi13, Stavordale Terrace, Gateshead, Tyne And Wear NE9 5JY3
£137K10/230.24 mi3, Ellison Villas, Gateshead, Tyne And Wear NE8 3RX3
£100K04/210.25 mi5, Teviot Street, Gateshead, Tyne And Wear NE8 3RY3
£375K04/220.26 mi25, Valley Drive, Low Fell, Gateshead, Tyne And Wear NE9 5DJ3
£190K06/210.26 mi476, Old Durham Road, Gateshead, Tyne And Wear NE9 5DR3
£333.5K06/210.26 mi498, Old Durham Road, Gateshead, Tyne And Wear NE9 5DR3
£294.5K08/240.26 mi478, Old Durham Road, Gateshead, Tyne And Wear NE9 5DR3
£400.5K03/210.28 mi8, Limetrees Gardens, Gateshead, Tyne And Wear NE9 5BE3
£371K12/220.31 mi9, Ashtrees Gardens, Gateshead, Tyne And Wear NE9 5BH3
£318.5K12/200.32 mi10, Ashtrees Gardens, Gateshead, Tyne And Wear NE9 5BJ3
£150K07/230.32 mi48, Cobden Terrace, Gateshead, Tyne And Wear NE8 3TB3
£267.5K04/230.32 mi33, Shotley Gardens, Gateshead, Tyne And Wear NE9 5DP3
£196.5K08/210.33 mi5, Shotley Gardens, Gateshead, Tyne And Wear NE9 5DP3
£195K01/210.35 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£160K02/210.35 mi223, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£245K05/240.35 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£155K11/200.35 mi76, Durham Road, Gateshead, Tyne And Wear NE8 4EL3
£165K05/230.35 mi13, Camborne Grove, Gateshead, Tyne And Wear NE8 4EX3
£195K03/230.35 mi75, Durham Road, Gateshead, Tyne And Wear NE8 4AP3
£111.3K11/220.38 mi63, Hendon Road, Gateshead, Tyne And Wear NE8 3UD3
£109K10/230.38 mi99, Hendon Road, Gateshead, Tyne And Wear NE8 3UD3
£194K01/230.4 mi14, St Edmunds Road, Gateshead, Tyne And Wear NE8 4AX3
£190K08/240.4 mi2, St Edmunds Road, Gateshead, Tyne And Wear NE8 4AX3
£111.8K06/240.41 mi210, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£195K08/240.41 mi213, Westbourne Avenue, Gateshead, Tyne And Wear NE8 4NR3
£127K10/230.42 mi92, Broadway, Gateshead, Tyne And Wear NE9 5QB3
£500K06/210.42 mi6, Westover Gardens, Gateshead, Tyne And Wear NE9 5DN3

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 💪