2 Bed Bungalow, Single Let, Newcastle upon Tyne, NE12 6YS, £140,000

Rothley Court, Killingworth, NE12 6YS - 2 views - 3 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£50K - £350K
Sold Prices/m²£641/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£143,132
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£650 - £949

Rent Estimate

£650

Running Costs/mo

£588

Cashflow/mo

£63

Cashflow/yr

£750

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £50K to £350K, average is £140K. £641/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£150K02/230.09 mi2, Broomlee Road, Newcastle Upon Tyne, Tyne And Wear NE12 6YJ2
£118K01/230.11 mi19, West Mount, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6FR2
£50K10/200.16 mi17, Martindale Walk, Newcastle Upon Tyne, Tyne And Wear NE12 6QT2
£115K03/230.22 mi93, Ryder Court, Newcastle Upon Tyne, Tyne And Wear NE12 6EE2
£142K03/240.27 mi41, Mount Close, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 6GE2
£114K01/210.41 mi64, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HG2
£145K01/210.41 mi18, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HF2
£120K12/230.41 mi52, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HG2
£113.5K11/230.41 mi55, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HG2
£158K07/210.42 mi1, Sedgedale Cottages, Killingworth Village, Newcastle Upon Tyne, Tyne And Wear NE12 6BL2
£108K06/210.42 mi106, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HH2
£135K09/230.42 mi101, The Paddock, Newcastle Upon Tyne, Tyne And Wear NE12 6HH2
£126.5K02/230.47 mi60, Garth Twentytwo, Newcastle Upon Tyne, Tyne And Wear NE12 6LG2
£350K09/230.48 miAshcroft, West Lane, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 7BD2
£160K03/210.49 mi11, Knivestone Court, Newcastle Upon Tyne, Tyne And Wear NE12 6ST2
£165K07/230.49 mi12, Knivestone Court, Newcastle Upon Tyne, Tyne And Wear NE12 6ST2
£260K11/200.49 mi7, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£147.5K10/200.49 mi13, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£197K02/210.49 mi7a, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£170K09/230.49 mi5, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£190K11/230.49 mi13, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£178K12/230.49 mi6, Leybourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 7AP2
£120K04/210.5 mi218, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BD2
£140K07/230.5 mi176, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BD2
£120K08/230.5 mi38, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XJ2
£120K08/230.5 mi38, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XJ2
£125K12/230.5 mi70, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XJ2
£145K06/240.52 mi118, Moor View, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XN2
£131K10/200.53 mi5, Albert Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 7PA2
£145K12/220.53 mi173, Allanville, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XX2
£140K11/220.53 mi2, Stagshaw, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BN2
£140K08/240.54 mi41, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£105K07/210.54 mi7, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£120K08/210.54 mi41, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£110K07/210.54 mi2, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£117K08/210.54 mi42, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£147K08/240.54 mi3, Amberley Chase, Newcastle Upon Tyne, Tyne And Wear NE12 6SB2
£160K06/230.54 mi12b, Armstrong Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7EB2
£155K12/230.54 mi4, Armstrong Drive, Newcastle Upon Tyne, Tyne And Wear NE12 7EB2
£112K02/210.54 mi109, Greenhills, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BA2
£145.5K11/200.54 mi40, Kings Road, Newcastle Upon Tyne, Tyne And Wear NE12 7PH2
£141K06/210.54 mi30, Kings Road, Newcastle Upon Tyne, Tyne And Wear NE12 7PH2
£165K05/230.54 mi1, Kings Road, Newcastle Upon Tyne, Tyne And Wear NE12 7PH2
£120K12/200.55 mi40, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND2
£102.5K04/210.55 mi13, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND2
£110K08/210.55 mi37, Myrtle Crescent, Newcastle Upon Tyne, Tyne And Wear NE12 7ND2
£226K12/230.55 mi14, Longhirst, Killingworth, Newcastle Upon Tyne, Tyne And Wear NE12 5BG2
£117K06/210.56 mi22, Holly Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7NE2
£135K06/240.56 mi1, Holly Avenue, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 7NE2
£115K07/230.57 mi15, Thompson Avenue, Camperdown, Newcastle Upon Tyne, Tyne And Wear NE12 5XY2
£278.4K01/240.57 mi2, Crumstone Court, Newcastle Upon Tyne, Tyne And Wear NE12 6SZ2

Local Rents

10 rents from £650/mo to £949/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£94910/240.27 mi-2
£94904/250.27 mi-2
£65011/230.3 mi-2
£65009/240.3 mi-2
£69501/250.45 mi-2
£79507/240.51 miGarth Sixteen, Killingworth, Newcastle Upon Tyne, NE122
£79507/240.51 mi-2
£80007/240.54 miGreenhills, Killingworth, Newcastle Upon Tyne, NE122
£70005/240.55 mi-2
£75012/230.57 mi-2

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

3.91 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £140,000

January 15, 2025

Description

  • Semi Detached Bungalow +
  • Two Double Bedrooms +
  • Generous Site +
  • Gas Fired Radiator Central Heating +
  • Upgrading works required +
  • No Upper Chain +

An excellent opportunity to purchase a semi detached bungalow which, whilst requiring upgrading works, occupies a generous site on the popular Lakeshore development. The accommodation briefly comprises an entrance porch, spacious living room, kitchen with fitted units two double bedrooms and shower room/wc.  Externally it benefits from a large garden to the front, garden to the rear and a single car garage is located in a nearby block.  There is gas fired radiator central heating, upvc double glazing and we understand the property to be freehold.

Agent Details

Lucas James, Killingworth

0191 743 9312

Next Steps?

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