3 Bed Terraced House, Refurb/BRRR, Gateshead, NE9 6SB, £90,000

9 Stonecrop, Gateshead, NE9 6SB - 14 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£68K - £260K
Sold Prices/m²£814/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£90,000

 

 

End Value (After Refurb)

£182,423

Uplift in Value

+103%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£35,600

Bridging Loan Interest

£2,363

Total Cash In

£66,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£182,423

Agent Fees (1%)

£1,824

Bridging Loan

£67,500

Bridging Loan Interest

£2,363

Flip Profit

£46,986

Local Sold Prices

51 sold prices from £68K to £260K, average is £157K. £814/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£110K10/200.06 mi46, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RE3
£78.5K07/230.06 mi92, Coltsfoot Gardens, Gateshead, Tyne And Wear NE10 9RE3
£95K01/210.08 mi36, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£80K07/210.08 mi34, Gorsehill, Gateshead, Tyne And Wear NE9 6SH3
£260K05/220.09 mi30, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£190K03/230.09 mi44, Meadow Rise, Gateshead, Tyne And Wear NE9 6GE3
£88K12/200.11 mi27, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£68K10/200.11 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£100K11/210.11 mi28, Heatherlaw, Gateshead, Tyne And Wear NE9 6RY3
£215K01/210.13 mi6, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£210K06/210.13 mi21, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£252K08/220.13 mi17, Tamarisk Way, Gateshead, Tyne And Wear NE9 6GD3
£100K01/230.13 mi40, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£86.5K05/240.13 mi1, Fernlough, Gateshead, Tyne And Wear NE9 6SL3
£160K04/210.18 mi20, Bluebell Close, Gateshead, Tyne And Wear NE9 6RF3
£70K03/210.19 mi6, Larkspur, Gateshead, Tyne And Wear NE9 6SA3
£170K07/210.19 mi65, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£180K04/210.2 mi7, Bluebell Close, Gateshead, Tyne And Wear NE9 6RH3
£198K09/230.2 mi10, Crossfield Park, Felling, Gateshead, Tyne And Wear NE10 9SA3
£176.5K08/230.2 mi36, Crossfield Park, Felling, Gateshead, Tyne And Wear NE10 9SA3
£72K03/210.21 mi19, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£92K07/210.21 mi9, Brackenlaw, Gateshead, Tyne And Wear NE9 6RU3
£94K08/240.25 mi7, Whinlaw, Gateshead, Tyne And Wear NE9 6RS3
£150K12/200.31 mi43, Dykes Way, Gateshead, Tyne And Wear NE10 8QL3
£115K03/210.32 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£134K02/230.32 mi4, Beacon Rise, Gateshead, Tyne And Wear NE9 6RJ3
£90K08/230.34 mi16, Bramblelaw, Gateshead, Tyne And Wear NE9 6RX3
£200K07/230.34 mi68, Dykes Way, Gateshead, Tyne And Wear NE10 8QN3
£200K07/230.34 mi68, Dykes Way, Gateshead, Tyne And Wear NE10 8QN3
£98K05/230.35 mi6, Aspenlaw, Gateshead, Tyne And Wear NE9 6SW3
£180K01/210.37 mi139, Windy Nook Road, Gateshead, Tyne And Wear NE10 9RJ3
£168K12/230.39 mi17, Wythburn Place, Gateshead, Tyne And Wear NE9 6YT3
£232K10/200.41 mi9, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£188.5K07/210.41 mi14, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY3
£187.5K03/210.41 mi10, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP3
£157K10/230.41 mi5, Penrith Gardens, Gateshead, Tyne And Wear NE9 6YN3
£157K02/210.43 mi96, Celandine Way, Gateshead, Tyne And Wear NE10 8QW3
£176.3K12/230.44 mi10, Railton Gardens, Gateshead, Tyne And Wear NE9 6RB3
£118K01/240.47 mi19, Seascale Place, Gateshead, Tyne And Wear NE9 6YP3
£147K05/210.48 mi51, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£175K04/210.48 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£185K05/230.48 mi26, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£180K05/230.48 mi4, Firtrees, Gateshead, Tyne And Wear NE10 8LE3
£155K08/230.48 mi1, Hodkin Gardens, Gateshead, Tyne And Wear NE9 6RA3
£168.5K02/230.48 mi12, Bowness Place, Gateshead, Tyne And Wear NE9 6YX3
£237.5K12/220.49 mi9, Rosewood Gardens, Gateshead, Tyne And Wear NE9 5RX3
£145K12/200.49 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£145K12/200.49 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£178K05/220.49 mi76, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£155K05/230.49 mi63, Westfield, Gateshead, Tyne And Wear NE10 8PA3
£170.5K09/230.5 mi11, Evenwood Gardens, Gateshead, Tyne And Wear NE9 5RT3

Local Rents

50 rents from £575/mo to £3.5K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£72506/240.13 miFernlough, Gateshead, NE93
£72506/240.13 mi-3
£89905/240.2 mi-3
£70006/240.44 miCauseway, Sheriff Hill, Gateshead, Tyne And Wear, NE93
£1,20003/250.55 mi-3
£82506/240.6 miHopper Road, Windy Nook, Gateshead, NE103
£69512/230.61 mi-3
£85007/240.64 miLarne Crescent, Gateshead, Tyne and Wear, NE9 5RQ3
£82003/250.67 mi-3
£89506/240.68 miFlorence Avenue, Low Fell, Gateshead, NE93
£79507/240.69 mi-3
£79507/240.69 miSheriffs Highway, Gateshead, NE93
£3,50003/250.72 mi-3
£1,39506/240.75 miChurch Road, Low Fell3
£95002/250.76 mi-3
£79502/240.76 mi-3
£92511/240.78 mi-3
£89506/240.78 miCherrytree Gardens, Low Fell3
£72507/240.79 miWoodlands Terrace, Felling, Gateshead3
£85006/240.79 miPontdyke, Leam Lane, Gateshead, Tyne And Wear, NE103
£95012/240.81 mi-3
£2,35006/240.83 mi-3
£2,35007/240.83 mi-3
£2,20003/250.83 mi-3
£89506/240.84 miNorthway, Gateshead3
£85006/240.84 miHarraby Gardens, Low Fell, Gateshead, NE93
£1,29506/240.85 miDryden Road, Low Fell, Gateshead, Tyne and Wear, NE93
£1,05003/250.86 mi-3
£80002/250.86 mi-3
£80007/240.87 miMillbeck Gardens, Gateshead, Tyne And Wear, NE93
£87503/240.88 mi-3
£87505/240.88 miGateshead, Gateshead, NE103
£77506/240.9 miWesley Street, Low Fell, Gateshead3
£57507/240.94 miHigh Street, Felling Central3
£57507/240.94 miHigh Street, Felling Central3
£80007/240.95 miSeaham Gardens, Wrekenton3
£1,45003/230.96 mi-3
£1,40004/230.96 mi-3
£1,65008/240.96 mi-3
£1,50006/240.96 miJoicey Road, Gateshead, NE93
£1,00006/240.97 miWatermill Lane, Felling, Gateshead, Tyne And Wear, NE103
£75007/240.97 miHarewood Green, Gateshead3
£90007/240.97 miRedemarsh, Leam Lane, Gateshead, Tyne And Wear, NE103
£1,05006/240.98 mi-3
£1,05006/240.98 miWatermill Lane, Gateshead, NE103
£90005/240.98 miSycamore Grove, Felling, Gateshead, NE103
£75006/241.05 miBramhope Green, Harlow Green, Gateshead, NE93
£77505/241.07 miBondene Avenue West, Gateshead, Tyne & Wear3
£99509/241.08 mi-3
£77505/241.16 miCotemede, Gateshead, Tyne And Wear, NE103

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £90,000

January 17, 2025

Floor Plans

Description

  • Two Reception Rooms +
  • Extended To The Front Aspect +
  • Gas Central Heating Via Combi-Boiler +
  • Modernisation Work Required +
  • Excellent Opportunity For First Time Buyers +
  • Close To Local Amenities/Tranport Links +
  • Low Maintenance Rear Garden +
  • Generous Size Family Bathroom +
  • Awaiting EPC Rating +
  • Vieiwngs Highly Recommended +

An excellent size extended starter family home with two reception rooms requiring modernisation...

Bell Estate Agents are pleased to welcome to the market this extended home with a total area of 104 square meters. On the ground floor, discover a well-appointed and practical kitchen with modern stove, a useful utility/WC, and two further reception rooms one of which has been extended to the front aspect. As you make your way to the first floor, you will find three beautifully proportioned bedrooms (two double size rooms). Completing the upper level is a generously-sized bathroom, equipped with bath and seperate shower. The property does have gas central heating via comi-boiler, double glazing. The properties roof was also renewed in 2011.

Externally there is a small front garden and an private enclosed rear garden which is low maintenance. Viewings are highly recommended.

Beacon Lough East offers good road links for easy access throughout the surrounding area. The estate has good public transport service including bus links into Gateshead and Newcastle connecting to local Metro services. There are some local shops and both Larkspur Primary School and Cardinal Hume Secondary School are within easy reach.

Agent Details

Bell Estate Agents, Gateshead

0191 625 0825

Next Steps?

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