3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE6 3NP, £100,000

Kingsmere Gardens, Newcastle upon Tyne, Tyne and Wear, NE6 3NP - 1 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£72.5K - £198.5K
Sold Prices/m²£781/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£124,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£600 - £2,500

Rent Estimate

£650

Running Costs/mo

£463

Cashflow/mo

£188

Cashflow/yr

£2,250

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £72.5K to £198.5K, average is £125K. £781/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£84K12/200.07 mi2, Anne Walk, Newcastle Upon Tyne, Tyne And Wear NE6 3HL3
£100K02/240.15 mi1588, Walker Road, Newcastle Upon Tyne, Tyne And Wear NE6 3UN3
£154K12/210.16 mi2, Hyperion Way, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3UA3
£145K01/230.16 mi221, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 3EN3
£162K09/210.17 mi12, Lysander Drive, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 3UF3
£97K03/230.28 mi47, Brampton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3ET3
£141.5K08/240.29 mi14, Carnaby Road, Newcastle Upon Tyne, Tyne And Wear NE6 3LY3
£98K02/230.33 mi82, Greenford Road, Newcastle Upon Tyne, Tyne And Wear NE6 3TL3
£125K06/240.33 mi15, Melton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3BH3
£85K07/210.34 mi51, Greenford Road, Newcastle Upon Tyne, Tyne And Wear NE6 3TL3
£105K12/200.34 mi11, Branxton Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 3BJ3
£132.5K07/230.36 mi21, Hexham Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3AL3
£83K11/200.36 mi55, Hexham Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3AL3
£72.5K03/240.38 mi2, Yorkdale Place, Newcastle Upon Tyne, Tyne And Wear NE6 3QD3
£103K06/210.38 mi21, Chathill Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BB3
£142K02/240.39 mi38, Crawford Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BA3
£115K07/210.41 mi26, Yorkdale Place, Newcastle Upon Tyne, Tyne And Wear NE6 3QZ3
£103K12/200.41 mi27, Winslow Place, Newcastle Upon Tyne, Tyne And Wear NE6 3QB3
£110K09/210.41 mi45, Winslow Place, Newcastle Upon Tyne, Tyne And Wear NE6 3QB3
£90K12/200.43 mi59, Winslow Place, Newcastle Upon Tyne, Tyne And Wear NE6 3QE3
£85K12/200.44 mi29, Lancefield Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2NP3
£105K04/210.46 mi642, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JS3
£110K04/230.49 mi188, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2NJ3
£145K04/240.5 mi6, Middle Street East, Newcastle Upon Tyne, Tyne And Wear NE6 4DF3
£155K09/210.52 mi5, Jackson Street, Newcastle Upon Tyne, Tyne And Wear NE6 4EL3
£117K02/240.55 mi16, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DN3
£125K04/240.55 mi4, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DN3
£145K12/230.55 mi29, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LD3
£130K10/230.55 mi7, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LD3
£172K04/230.55 mi548, Welbeck Road, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£147.5K10/230.55 mi542, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£130K12/210.57 mi10, Edendale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4LB3
£179.4K05/230.58 mi21, Ashbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4EA3
£100K05/210.6 mi21, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PD3
£160K02/210.61 mi83, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HA3
£130K12/200.61 mi107, Blackwell Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4LH3
£115K05/210.61 mi83, Blackwell Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4LH3
£115K08/210.62 mi10, Finsbury Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4BQ3
£110K01/210.63 mi37, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DP3
£125K04/230.63 mi32, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DP3
£130K03/230.63 mi31, Coquetdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4LP3
£147K07/210.63 mi14, Coquetdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4LP3
£138K12/210.63 mi89, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE3
£115K01/230.65 mi17, Kennington Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2QA3
£155K09/210.68 mi7, Mead Walk, Newcastle Upon Tyne, Tyne And Wear NE6 4HB3
£75K03/210.69 mi106, Evistones Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 3RU3
£198.5K01/230.69 mi48, Calderdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HN3
£158K10/230.7 mi169, Ennerdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 4LJ3
£195K07/230.7 mi187, Ennerdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 4LJ3
£129K05/210.71 mi4, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HD3

Local Rents

42 rents from £600/mo to £2.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87501/250.29 mi-3
£79511/240.48 mi-3
£74602/250.51 mi-3
£74602/250.51 mi-3
£1,00011/240.66 mi-3
£80006/240.68 miWalker Road, ., Newcastle upon Tyne, Tyne and Wear, NE6 3JT3
£92502/250.69 mi-3
£90012/230.74 mi-3
£95003/250.74 mi-3
£1,15006/240.76 mi-3
£1,15006/240.76 mi-3
£1,15006/240.76 miLamerton Avenue, Walker, Newcastle Upon Tyne, NE63
£1,00005/240.8 mi20 The Oval, Newcastle upon Tyne, NE6 3LH3
£2,10008/240.82 mi-3
£2,10011/240.82 mi-3
£2,10001/250.82 mi-3
£2,30002/250.82 mi-3
£2,20002/240.82 mi-3
£2,20004/240.82 mi-3
£79502/250.83 mi-3
£82503/250.85 mi-3
£79512/240.93 mi-3
£95009/230.94 mi-3
£1,15001/250.94 mi-3
£75005/240.94 miAllendale Road, Walker, Newcastle Upon Tyne, Tyne & Wear, NE63
£1,20005/240.95 miWyedale Way, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 4UW3
£75007/240.97 miChesterwood Terrace, Bill Quay, NE103
£60007/240.98 miPrince Consort Road, Hebburn, Tyne and Wear, NE313
£97504/241 mi-3
£90005/241 miHartleyburn Avenue, Hebburn, Tyne and Wear, NE313
£65002/251.02 mi-3
£1,50005/241.04 miTrinity Courtyard, Newcastle Upon Tyne3
£65006/241.04 miBothal Street, Newcastle Upon Tyne, NE63
£75002/251.04 mi-3
£72507/241.04 miYork Street, Pelaw, Gateshead3
£70001/251.04 mi-3
£83502/251.08 mi-3
£87502/251.12 mi-3
£72509/241.13 mi-3
£2,50005/241.13 mi-3
£1,14005/241.14 mi-3
£85006/241.23 miJutland Avenue, Hebburn, Tyne and Wear, NE31 1QP3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

5.25 miles away

Nearest school

0.20 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £100,000

January 15, 2025

Floor Plans

Description

  • Three Bedroom Mid Terrace House +

  • No Onward Chain +

  • Spacious Accommodation +

  • Approx Sq. M +

  • Newcastle City Council Tax Band A +

  • EPC Awaited. +

Situated on Kingsmere Gardens a spacious three bedroom mid terraced house offered to the market with no upper chain. Benefiting outdoor space to the front and rear as well as a boarded out loft and outhouse for additional storage this property would appeal to a range of buyers and viewing is essential.

To the ground floor this property comprises spacious entrance hallway with built in storage, kitchen with floor and wall units as well as access to the rear, lounge with bay window and fireplace and a bedroom.

To the first floor there is two double bedrooms and a family bathroom with Walk in shower, separate bath, WC and hand wash basin.

Externally this property have paved gardens to the front and rear with perimeter fencing as well as an outhouse for additional storage.

Kingsmere Gardens is situated in the residential area of St Anthonys, Walker with amenities to include shopping facilities, further amenities can be found within Newcastle city centre. Transport links include bus routes and Metro railway stations

Leasehold - 87 Years remaining
Newcastle city council tax band A
EPC Awaited.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD250013/2

Agent Details

YOUR MOVE Chris Stonock, Wallsend

0191 625 0241

Next Steps?

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