2 Bed Terraced House, Single Let, Gateshead, NE10 8SL, £105,000

Brockwade, Leam Lane, NE10 8SL - 4 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£72.8K - £270K
Sold Prices/m²£997/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£104,499

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£600 - £850

Rent Estimate

£600

Running Costs/mo

£468

Cashflow/mo

£132

Cashflow/yr

£1,583

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £72.8K to £270K, average is £112.6K. £997/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£95K09/210.1 mi5, Englefeld, Gateshead, Tyne And Wear NE10 8RL2
£98K09/200.11 mi21, Leam Lane, Gateshead, Tyne And Wear NE10 8RD2
£72.8K10/210.16 mi43, Woodwynd, Gateshead, Tyne And Wear NE10 8RR2
£112K01/230.2 mi13, Wallinfen, Gateshead, Tyne And Wear NE10 8ND2
£92.5K02/210.2 mi13, Wallinfen, Gateshead, Tyne And Wear NE10 8ND2
£105K06/210.21 mi16, Staneway, Gateshead, Tyne And Wear NE10 8LR2
£118K03/230.21 mi16, Staneway, Gateshead, Tyne And Wear NE10 8LR2
£80K12/200.22 mi73, Staneway, Gateshead, Tyne And Wear NE10 8LS2
£111K07/230.24 mi91, Staneway, Gateshead, Tyne And Wear NE10 8LS2
£100K06/210.24 mi132, Staneway, Gateshead, Tyne And Wear NE10 8LS2
£80K12/200.24 mi73, Staneway, Gateshead, Tyne And Wear NE10 8LS2
£118.5K08/210.29 mi64, Whyndyke, Gateshead, Tyne And Wear NE10 8NP2
£130K12/210.29 mi54, Whyndyke, Gateshead, Tyne And Wear NE10 8NP2
£80K03/210.33 mi10, Monkton, Gateshead, Tyne And Wear NE10 8NU2
£118K08/230.37 mi21, Chevington, Gateshead, Tyne And Wear NE10 8JY2
£90K04/230.43 mi13, Laverick, Gateshead, Tyne And Wear NE10 8NY2
£168K02/210.45 mi67, Yewtrees, Gateshead, Tyne And Wear NE10 8LH2
£112K10/230.5 mi116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN2
£156K11/200.52 mi93, Westfield, Gateshead, Tyne And Wear NE10 8PD2
£95K08/210.53 mi26, Bleachfeld, Gateshead, Tyne And Wear NE10 8PY2
£125K03/230.55 mi40, Colegate, Gateshead, Tyne And Wear NE10 8PP2
£80K09/210.56 mi14, Wirralshir, Gateshead, Tyne And Wear NE10 8HT2
£132K05/230.59 mi16, Whinbrooke, Gateshead, Tyne And Wear NE10 8HR2
£146K05/220.59 mi60, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£135K06/230.59 mi8, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£124.5K07/230.59 mi33, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£165.3K06/210.59 mi40, Celandine Way, Gateshead, Tyne And Wear NE10 8QP2
£127.5K07/230.59 mi54, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£91K03/210.59 mi183, Meresyde, Gateshead, Tyne And Wear NE10 8PE2
£80K11/200.62 mi60, Redemarsh, Gateshead, Tyne And Wear NE10 8PR2
£120K05/210.64 mi3, Hill Crest, Gateshead, Tyne And Wear NE10 9AL2
£90K04/210.65 mi42, Fallowfeld, Gateshead, Tyne And Wear NE10 8QD2
£104K01/210.65 mi62, Dykes Way, Gateshead, Tyne And Wear NE10 8QN2
£100K01/210.65 mi70, Dykes Way, Gateshead, Tyne And Wear NE10 8QN2
£160K11/200.67 mi11, Selsey Court, Gateshead, Tyne And Wear NE10 9AU2
£147.5K04/210.68 mi9, Ratho Court, Gateshead, Tyne And Wear NE10 9AY2
£116K05/230.68 mi17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD2
£75K12/200.7 mi3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA2
£120K10/200.7 mi30, Dykes Way, Gateshead, Tyne And Wear NE10 8QL2
£89K01/210.7 mi38, Dykes Way, Gateshead, Tyne And Wear NE10 8QL2
£115K04/230.72 mi12, Alderwyk, Gateshead, Tyne And Wear NE10 8DB2
£140K02/230.72 mi20, Highfield Court, Gateshead, Tyne And Wear NE10 9LH2
£270K06/230.74 mi27, Colegate West, Gateshead, Tyne And Wear NE10 9AH2
£166K03/210.75 mi8, Langley Avenue, Gateshead, Tyne And Wear NE10 8BU2
£129.9K02/230.79 mi27, Evanlade, Gateshead, Tyne And Wear NE10 8DA2
£97.5K07/230.8 mi60, Millbrook, Gateshead, Tyne And Wear NE10 9XW2
£95K02/210.81 mi29, Evanlade, Gateshead, Tyne And Wear NE10 8DA2
£125K06/230.81 mi2, Wardle Gardens, Gateshead, Tyne And Wear NE10 9XA2
£80K11/200.82 mi4, Graystones, Gateshead, Tyne And Wear NE10 8DR2
£113.3K07/230.83 mi14, Somerford, Springwell, Gateshead, Tyne And Wear NE9 7QW2

Local Rents

29 rents from £600/mo to £850/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69504/240.08 mi-2
£65003/240.19 miStaneway, Leam Lane2
£65005/240.23 miStaneway, Gateshead2
£74503/250.25 mi-2
£69505/240.29 miCotemede, Leam Lane, Gateshead2
£80006/240.36 miHopedene, Leam Lane, Gateshead, Tyne And Wear, NE102
£60005/240.83 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£68508/230.83 mi-2
£65008/240.88 mi-2
£65006/240.92 miChopwell Gardens, Wrekenton, Gateshead, NE92
£69502/241.01 mi-2
£69507/241.01 miThe Haynyng, Gateshead, Tyne And Wear, NE102
£77502/241.01 mi-2
£69507/241.02 miStone Street, Gateshead, Tyne And Wear, NE102
£72512/231.02 mi-2
£62512/231.03 mi-2
£77506/241.03 miAlbion Terrace, Gateshead2
£85007/241.04 miWingrove Terrace, Springwell, Gateshead2
£80007/241.05 miGalloping Green Road, Gateshead2
£79501/241.05 mi-2
£79506/241.12 miCypress Road, Eighton Banks, NE92
£77505/241.13 miRydal, Gateshead2
£75005/241.14 miSt. Marys Terrace, Heworth, Gateshead, Tyne and Wear, NE10 0NY2
£80005/241.16 miDonridge, Washington, Tyne and Wear, NE37 1EW2
£67506/241.17 miKings Terrace, Springwell Village2
£65008/241.18 miWindy Nook Road, Windy Nook2
£65008/241.18 miWindy Nook Road, Gateshead2
£60003/251.21 mi-2
£69506/241.24 miOllerton Gardens, Gateshead2

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £105,000

January 9, 2025

Description

  • Investment Opportunity +
  • Tenanted End Terraced House +
  • Tenant Pays £600 pcm +
  • Situated in a popular area of Leam Lane +
  • Spacious Lounge & Dining Kitchen +
  • Gardens to the Front & Rear +
  • Reference: 460338 +

This investment opportunity offers a tenanted end-terraced house, generating a monthly rental income of £600. Situated on the ever popular Leam Lane development in Gateshead, this property is ideal for investors seeking a reliable income stream and a property with strong tenant appeal. The property layout offers a hallway leading to a spacious lounge and a dining kitchen. The first floor you find two double bedrooms along with a family bathroom. Outdoor there are gardens to the front and rear, offering outdoor areas for tenants. Additional features include double glazing and gas central heating. Located in the highly popular Leam Lane development, the property boasts excellent transport links being close to the A19 and A1, ensuring easy access to key areas. Nearby to local amenities and schools. This property combines strong rental yield potential with the security of an established tenant, making it a perfect addition to any investor's portfolio.
ENTRANCE HALL
With staircase leading to first floor.
LOUNGE 4.31m (14'2) x 3.68m (12'1)
A spacious room with window to front.
DINING KITCHEN 5.92m (19'5) x 2.05m (6'9)
With space for dining, fitted with wall and base units incorporating work tops and inset sink with mixer tap. Windows to rear and exterior door leading out.
FIRST FLOOR LANDING

FRONT BEDROOM 4.95m (16'3) x 2.92m (9'7)
A double bedroom with windows to front.
REAR BEDROOM 3.58m (11'9) x 2.71m (8'11)
A double bedroom with window to rear.
BATHROOM 2.31m (7'7) x 1.64m (5'5)
Suite comprising bath, wash hand basin and low level wc.
EXTERNALLY
Gardens to the front and rear.
Tenure
The property is Freehold.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 3 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE10 8SL and mobile coverage is provided by EE, O2, Three. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: TBC

Agent Details

Andrew Craig, Low Fell

0191 625 0115

Next Steps?

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