2 Bed Flat, Single Let, Wallsend, NE28 7DB, £45,000

Stanley Street, Wallsend, Tyne and Wear, NE28 7DB - 3 months ago

Sold STC

Leasehold

Auction

BTL

ROI: 21%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£40K - £97.5K
Sold Prices/m²	£606/m² - £1.8K/m²

Square Metres	~68.11 m²
Price/m²	£661/m²
Value Estimate	£54,900£54,900
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£11,250£11,250
Stamp Duty & Legal Fees	£3,450£3,450
Total Cash In	£14,700£14,700

Cash Out
Rent Range	£495 - £1,195£495 - £1,195
Rent Estimate	£518
Running Costs/mo	£264£264
Cashflow/mo	£254£254
Cashflow/yr	£3,045£3,045
ROI	21%21%
Gross Yield	14%14%

Local Sold Prices

50 sold prices from £40K to £97.5K, average is £76K. £606/m² to £1.8K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	06/21	0.04 mi	41, Stanley Street, Wallsend, Tyne And Wear NE28 7DB	-	-	2	Flat
£71K	01/24	0.04 mi	70, Stanley Street, Wallsend, Tyne And Wear NE28 7DD	-	-	2	Flat
£55K	02/23	0.04 mi	67, Stanley Street, Wallsend, Tyne And Wear NE28 7DB	-	-	2	Flat
£84K	11/21	0.05 mi	57, Northumberland Terrace, Wallsend, Tyne And Wear NE28 7BL	£959	88	2	Flat
£40K	07/21	0.06 mi	10, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ	£606	66	2	Flat
£60K	04/21	0.23 mi	35, Shafto Street, Wallsend, Tyne And Wear NE28 7AL	£896	67	2	Flat
£62K	02/21	0.24 mi	61, Richardson Street, Wallsend, Tyne And Wear NE28 7PS	£1,020	61	2	Flat
£80K	12/21	0.31 mi	9, Ilford Road, Wallsend, Tyne And Wear NE28 0LX	-	-	2	Flat
£79K	08/21	0.31 mi	25, Ilford Road, Wallsend, Tyne And Wear NE28 0LX	£1,317	60	2	Flat
£81K	01/23	0.31 mi	16, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ	£1,473	55	2	Flat
£60K	10/20	0.31 mi	73, Dilston Grange, Wallsend, Tyne And Wear NE28 6JH	£1,113	54	2	Flat
£58K	01/21	0.36 mi	37, South Terrace, Wallsend, Tyne And Wear NE28 6QE	£1,000	58	2	Flat
£70K	12/22	0.37 mi	118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ	£1,148	61	2	Flat
£73K	05/23	0.38 mi	54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS	£1,237	59	2	Flat
£78K	01/23	0.38 mi	23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,300	60	2	Flat
£80.5K	06/21	0.38 mi	40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,395	58	2	Flat
£77.5K	02/21	0.4 mi	14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW	£1,360	57	2	Flat
£80K	02/21	0.44 mi	103, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG	£1,360	59	2	Flat
£76.5K	11/20	0.44 mi	31, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG	£1,391	55	2	Flat
£82K	10/22	0.44 mi	99, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG	£1,456	56	2	Flat
£70K	03/23	0.48 mi	35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,846	38	2	Flat
£55K	08/21	0.48 mi	33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,078	51	2	Flat
£68K	12/23	0.51 mi	3, Redcar Road, Wallsend, Tyne And Wear NE28 0DD	£1,214	56	2	Flat
£77K	07/23	0.52 mi	45, Laing Grove, Wallsend, Tyne And Wear NE28 0DE	£1,435	54	2	Flat
£75K	11/23	0.52 mi	3, Laing Grove, Wallsend, Tyne And Wear NE28 0DE	£1,630	46	2	Flat
£77K	02/23	0.53 mi	101, Haydon Drive, Wallsend, Tyne And Wear NE28 0BG	£1,363	57	2	Flat
£70K	02/21	0.55 mi	21, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ	£1,147	61	2	Flat
£70K	02/21	0.55 mi	19, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ	£1,186	59	2	Flat
£90K	07/21	0.56 mi	74, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ	£1,663	54	2	Flat
£75.5K	11/21	0.56 mi	46, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ	£1,398	54	2	Flat
£85K	05/21	0.59 mi	23, Roman Court, Wallsend, Tyne And Wear NE28 7JP	£1,518	56	2	Flat
£97.5K	05/21	0.59 mi	30, Roman Court, Wallsend, Tyne And Wear NE28 7JP	£1,653	59	2	Flat
£90K	11/23	0.59 mi	23, Roman Court, Wallsend, Tyne And Wear NE28 7JP	-	-	2	Flat
£50K	12/23	0.59 mi	48, Bewicke Road, Wallsend, Tyne And Wear NE28 6SQ	-	-	2	Flat
£71K	11/22	0.61 mi	18, St Julien Gardens, Wallsend, Tyne And Wear NE28 0DH	£1,365	52	2	Flat
£59.5K	06/23	0.61 mi	12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH	£1,144	52	2	Flat
£73K	10/23	0.63 mi	34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,237	59	2	Flat
£80K	10/20	0.63 mi	30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,333	60	2	Flat
£80K	05/23	0.63 mi	60, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,333	60	2	Flat
£66K	05/21	0.63 mi	90, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,119	59	2	Flat
£86K	03/24	0.63 mi	56, Deneholm, Wallsend, Tyne And Wear NE28 7HD	-	-	2	Flat
£80K	10/20	0.63 mi	35, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,538	52	2	Flat
£80K	09/23	0.63 mi	73, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,333	60	2	Flat
£49K	12/20	0.65 mi	5, Westmorland Avenue, Wallsend, Tyne And Wear NE28 6SN	£690	71	2	Flat
£71K	03/21	0.67 mi	314, High Street East, Wallsend, Tyne And Wear NE28 7JZ	£1,203	59	2	Flat
£58.5K	03/21	0.67 mi	4, Gladstone Street, Wallsend, Tyne And Wear NE28 6SJ	£801	73	2	Flat
£85K	08/21	0.7 mi	122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,417	60	2	Flat
£77.5K	01/23	0.7 mi	94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,462	53	2	Flat
£80K	01/23	0.7 mi	88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	-	-	2	Flat
£89K	02/23	0.71 mi	17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat

Local Rents

21 rents from £495/mo to £1.2K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£625	07/24	0.06 mi	Merlin Crescent, Rosehill	2	Flat
£750	12/24	0.09 mi	-	2	Terraced House
£600	02/25	0.1 mi	-	2	Flat
£800	03/25	0.13 mi	-	2	Terraced House
£825	10/24	0.31 mi	-	2	Flat
£550	06/24	0.36 mi	South Terrace, Wallsend, NE28	2	Flat
£625	05/24	0.38 mi	-	2	House
£625	05/24	0.38 mi	-	2	House
£700	07/24	0.39 mi	Oban Avenue, Wallsend, Tyne and Wear, NE28 0PU	2	Terraced House
£700	07/24	0.39 mi	Oban Avenue, Wallsend, Tyne and Wear, NE28 0PU	2	Terraced House
£725	05/24	0.4 mi	Savory Road, Wallsend	2	Detached House
£550	02/25	0.41 mi	-	2	Flat
£1,195	12/24	0.43 mi	Engine Inn Road, Wallsend	2	Terraced House
£650	06/24	0.47 mi	Laing Grove, Howdon, Wallsend. NE28 0DE	2	Flat
£675	02/25	0.53 mi	-	2	Flat
£495	06/24	0.55 mi	Holderness Road, Howdon, NE28	2	Flat
£575	06/24	0.55 mi	-	2	Flat
£575	06/24	0.55 mi	Cleveland Gardens, Wallsend, NE28	2	Flat
£875	03/25	0.57 mi	-	2	Terraced House
£850	06/24	0.57 mi	Woodman Street, Wallsend, Tyne and Wear, NE28	2	House
£525	01/25	0.59 mi	-	2	Flat

Local Area Statistics

Population in NE28	44,51944,519
Population in Wallsend	44,52044,520
Town centre distance	0.49 miles away0.49 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.38 miles away0.38 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+43%+43%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Price changed to £45,000

February 16, 2025

Listed for £50,000

January 21, 2025

Description

Tenanted Investment +
Lower Flat +
Two Bed +
Private Courtyard +
EPC - C +

To be sold via online auction. Fees apply

*CALLING ALL INVESTORS* *TENANTED INVESTMENT*

To be sold via Auction.

Pattinson Wallsend are pleased to present this tenanted 2 bedroom lower flat located on Stanley Street, Wallsend.

The property has good access to local amenities and transport links via A19, Tyne Tunnel and Coast Road.

This investment briefly comprises an entrance hallway, lounge/ living area, kitchen, bathroom, two bedrooms and a private courtyard.

Viewings are highly recommended, please call the Pattinson Wallsend branch -

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 984

Agent Details

Pattinson Estate Agents, Wallsend

0191 607 6820

Next Steps?

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

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Local Area Statistics

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Description

Agent Details

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