3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE12 9RN, £140,000

22 Station Road, Forest Hall, NE12 9AD - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 9%
61 m²
+6 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£23,549

Bridging Loan Interest

£3,675

Total Cash In

£69,374

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£137,000

Mortgage (After Refinance)

£102,750

Mortgage LTV

75%

Cash Left In

£69,374

Equity

£34,250

Rent Range

£825 - £2,400

Rent Estimate

£1,200

Running Costs/mo

£688

Cashflow/mo

£512

Cashflow/yr

£6,143

ROI

9%

Gross Yield

10%













Local Rents

35 rents from £825/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.29 miReme Court, Killingworth, Newcastle, NE123
£97506/240.36 miGreat Lime Road, Newcastle Upon Tyne3
£1,15006/240.39 miWoodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE123
£1,35007/240.43 miWhitfield Road, Newcastle Upon Tyne3
£1,37508/240.46 mi-3
£1,25010/240.57 mi-3
£1,20007/240.62 miRidge Way, Wallsend3
£1,50012/240.62 miMiller Close, Palmersville, Newcastle Upon Tyne3
£99502/250.63 mi-3
£1,25005/240.63 miMoor Edge Drive, Wallsend, Tyne and Wear, NE283
£1,30007/240.74 mi-3
£1,30010/240.74 mi-3
£1,30007/240.74 miCoppice Place, Newcastle Upon Tyne, NE123
£98011/230.74 mi-3
£1,35005/240.79 miEast Farm, Killingworth Village3
£82507/230.9 mi-3
£1,05005/240.92 miThe Limes, West Moor, Newcastle upon Tyne, Tyne and Wear, NE12 7PB3
£89502/250.94 mi-3
£1,05006/240.95 miGeorge Court, Forest Hall, Newcastle Upon Tyne3
£1,40006/240.96 miSouthfield Road, Benton, Tyne and Wear3
£85005/240.97 miHadrian Court, Killingworth3
£99505/240.98 miGoathland Avenue, Newcastle Upon Tyne3
£2,40006/241 mi-3
£2,20002/251 mi-3
£89502/251 mi-3
£95007/241.01 miWhite Swan Close, Newcastle Upon Tyne3
£1,15007/241.01 miNorthumbrian Way, Newcastle Upon Tyne3
£1,60007/241.05 miRyder Court, Killingworth, NE123
£1,20002/251.09 mi-3
£85005/241.11 miGeorgian Court, West Moor, NE123
£86506/241.19 mi-3
£84506/241.19 mi-3
£85007/241.2 miGlenfield Road, Benton, Newcastle upon Tyne, NE123
£1,00010/231.21 mi-3
£1,20004/241.21 mi-3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 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 18, 2025

Description

  • No upper chain +
  • Semi-detached +
  • Three Bedrooms +
  • Driveway +
  • Garage +
  • EPC: TBC +
  • Council Tax Band: A +
  • Tenure: Freehold +

Presenting a semi-detached house with no upper chain, a splendid opportunity for first-time buyers, investors, and families. Benefiting from excellent public transport links, proximity to schools, and a plethora of local amenities. This makes it an ideal place for those desiring easy access to essential services and a convenient lifestyle.

The house comprises three generously-sized bedrooms, offering plenty of space for a growing family or for hosting guests. The home features a single bathroom that, like the rest of the property, is in need of renovation, providing a fantastic opportunity to create your dream interior from scratch.

On the ground floor, there is one reception room, a space that can serve a variety of purposes - from a cosy living room to a formal dining area. This room offers a blank canvas for the new homeowner to design and decorate according to their personal taste and preference.

The property also includes a bright kitchen, which awaits your vision to transform it into a warm and welcoming cooking space. 

The house falls under Council Tax Band A, an additional advantage for those looking to save on their annual tax bill. 

In summary, this semi-detached house presents a unique opportunity to acquire a property with immense potential. With some refurbishment, this house could be transformed into a stunning home, perfectly suited to your lifestyle and needs.

MAIN ENTRANCE DOOR to
PORCH
Door to
HALLWAY staircase to landing and doors to
KITCHEN: 8’02 max x 16’04 max / 2.44m max x 4.88m max
LOUNGE: 22’08 into alcoves x 14’02 max / 6.71m into alcoves x 4.27m max
BEDROOM ONE: 11’09 x 11’05 / 3.35m x 3.35m
BEDROOM TWO: 11’03 at max point x 10’08 at max point / 3.35m at max point x 3.05m at max point
BEDROOM THREE: 7’09 max x 9’10 max / 2.13m max x 2.99m max
BATHROOM: 11’01 max x 8’02 max / 3.35m max x 2.44m max
GARAGE: 15’10 max x 8’02 max / 4.83m max x 2.44m max

PRIMARY SERVICES SUPPLY
Electricity: MAIN
Water: MAINS
Sewerage: MAINS
Heating: MAINS
Broadband: ADSL
Mobile Signal Coverage Blackspot: NO
Parking: DRIVEWAY & GARAGE
 EPC:TBC
Council Tax Band: A
Tenure: Freehold

Agent Details

Rook Matthews Sayer, Forest Hall

0191 743 9300

Next Steps?

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