4 Bed Semi-Detached House, Single Let, Gateshead, NE10 8US, £150,000

Stileford, Leam Lane, NE10 8US - 1 views - 3 months ago

Sold STC

BTL

ROI: 2%

~129 m²

+18 photos

ValuationUndervalued

Sold Prices	£108K - £452K
Sold Prices/m²	£1K/m² - £3.1K/m²

Square Metres	~129.26 m²
Price/m²	£1.2K/m²
Value Estimate	£200,000£200,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£43,500£43,500

Cash Out
Rent Range	£725 - £1,000£725 - £1,000
Rent Estimate	£750
Running Costs/mo	£639£639
Cashflow/mo	£111£111
Cashflow/yr	£1,335£1,335
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

25 sold prices from £108K to £452K, average is £256K. £1K/m² to £3.1K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	04/21	0.19 mi	4, Birch Avenue, Gateshead, Tyne And Wear NE10 8UX	£1,905	126	4	Semi-Detached House
£250K	01/23	0.19 mi	43, Sunderland Road Villas, Gateshead, Tyne And Wear NE10 8HD	-	-	4	Semi-Detached House
£170K	01/21	0.24 mi	12, Cook Gardens, Gateshead, Tyne And Wear NE10 8TS	£1,910	89	4	Semi-Detached House
£314K	07/23	0.27 mi	20, Laburnum Avenue, Gateshead, Tyne And Wear NE10 8HH	-	-	4	Semi-Detached House
£108K	03/21	0.3 mi	35, Graystones, Gateshead, Tyne And Wear NE10 8DR	£1,049	103	4	Semi-Detached House
£227.5K	01/21	0.33 mi	41a, Sunderland Road Villas, Gateshead, Tyne And Wear NE10 8HB	£1,996	114	4	Semi-Detached House
£165.5K	04/21	0.33 mi	33, Broad Park, Gateshead, Tyne And Wear NE10 8HW	£1,902	87	4	Semi-Detached House
£315K	11/22	0.41 mi	36, Dunkeld Close, Gateshead, Tyne And Wear NE10 8WH	-	-	4	Detached House
£285K	11/20	0.45 mi	56, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ	£2,822	101	4	Detached House
£275K	07/23	0.45 mi	74, Kenmore Close, Gateshead, Tyne And Wear NE10 8WJ	£2,644	104	4	Detached House
£275K	04/21	0.49 mi	30, Rannoch Close, Wardley, Gateshead, Tyne And Wear NE10 8GB	-	-	4	Detached House
£225K	01/23	0.51 mi	4, Windermere Avenue, Gateshead, Tyne And Wear NE10 0XP	-	-	4	Terraced House
£163K	02/23	0.51 mi	48, Parklands, Gateshead, Tyne And Wear NE10 8YP	£1,552	105	4	Detached House
£331K	12/22	0.53 mi	3, Scotts Court, Gateshead, Tyne And Wear NE10 8JG	£3,123	106	4	Detached House
£265K	08/21	0.57 mi	Watendlath, High Heworth Lane, Gateshead, Tyne And Wear NE10 0PB	£1,585	167	4	Semi-Detached House
£300K	09/22	0.57 mi	24, Glanton Close, Gateshead, Tyne And Wear NE10 8UH	£2,655	113	4	Detached House
£140K	05/21	0.58 mi	17, Chevington, Gateshead, Tyne And Wear NE10 8JY	£1,378	102	4	Semi-Detached House
£256K	08/21	0.58 mi	143, Sherburn Way, Wardley, Gateshead, Tyne And Wear NE10 8TZ	-	-	4	Detached House
£452K	03/22	0.67 mi	Stoneleigh, St Marys Terrace, Gateshead, Tyne And Wear NE10 0NN	-	-	4	Detached House
£355K	12/22	0.69 mi	8, Haswell Close, Gateshead, Tyne And Wear NE10 8UE	-	-	4	Detached House
£261K	01/21	0.69 mi	36, Haswell Close, Gateshead, Tyne And Wear NE10 8UE	£2,373	110	4	Detached House
£195K	08/21	0.72 mi	14, Stowell Terrace, Gateshead, Tyne And Wear NE10 0NX	£1,335	146	4	Terraced House
£155K	01/21	0.79 mi	16, Hainingwood Terrace, Gateshead, Tyne And Wear NE10 0UE	-	-	4	Terraced House
£220K	07/23	0.96 mi	4, Marian Drive, Gateshead, Tyne And Wear NE10 0TL	-	-	4	Terraced House
£264.9K	11/20	0.98 mi	6, Ratho Court, Gateshead, Tyne And Wear NE10 9AY	£2,476	107	4	Detached House

Local Rents

15 rents from £725/mo to £1K/mo, average is £875/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	07/24	0.16 mi	Millford, Leam Lane, Gateshead	3	Semi-Detached House
£750	06/24	0.31 mi	Harvey Crescent, Gateshead, Tyne And Wear, NE10	3	Semi-Detached House
£750	07/24	0.31 mi	Harvey Crescent, Gateshead, Tyne And Wear, NE10	3	Semi-Detached House
£900	08/24	0.36 mi	Meresyde, Gateshead, Tyne And Wear, NE10	3	Semi-Detached House
£975	12/23	0.38 mi	-	3	Semi-Detached House
£880	06/24	0.43 mi	-	3	Semi-Detached House
£850	06/24	0.44 mi	Wreken Gardens, Gateshead, NE10	3	Semi-Detached House
£900	07/24	0.52 mi	Thropton Close, Wardley, Gateshead, Tyne And Wear, NE10	3	Terraced House
£900	07/24	0.52 mi	Redemarsh, Leam Lane, Gateshead, Tyne And Wear, NE10	3	Semi-Detached House
£775	05/24	0.54 mi	Cotemede, Gateshead, Tyne And Wear, NE10	3	Detached House
£725	09/24	0.57 mi	-	3	Flat
£895	08/24	0.61 mi	-	3	Semi-Detached House
£750	02/25	0.61 mi	-	3	Flat
£875	05/24	0.61 mi	Gateshead, Gateshead, NE10	3	Terraced House
£875	03/24	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in NE10	35,99135,991
Population in Gateshead	122,353122,353
Town centre distance	1.82 miles away1.82 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.33 miles away0.33 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+32%+32%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Price changed to £150,000

January 31, 2025

Listed for £160,000

January 11, 2025

Description

Four Bedrooms +
Fitted Kitchen +
Two Bathrooms +
Gardens +
Council Tax Band A +
EPC Rating B +

SUPERB extended family home with gardens to the front and rear and offering beautifully presented living space which includes a spacious lounge/diner with patio doors to the garden, FITTED KITCHEN, ground floor bedroom with EN-SUITE, three further bedrooms and a BEAUTIFUL BATHROOM. The property is ideally situated for access to local shops and amenities as well as for access to transport routes and services. AN IDEAL FAMILY HOME.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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Local Area Statistics

Property History

Description

Agent Details

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