3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE4 8EF, £95,000

311C Sungold Villas, Beech Street, Newcastle Upon Tyne, NE4 8EF - 2 views - 2 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£55K - £240K
Sold Prices/m²£640/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£116,250
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£600 - £3,600

Rent Estimate

£590

Running Costs/mo

£435

Cashflow/mo

£155

Cashflow/yr

£1,862

ROI

7%

Gross Yield

7%

Local Sold Prices

49 sold prices from £55K to £240K, average is £133K. £640/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£135K03/240.06 mi19, Gill Street, Newcastle Upon Tyne, Tyne And Wear NE4 8BH3
£145K06/220.1 mi11, Coventry Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8DX3
£137K06/230.11 mi27, Normount Road, Newcastle Upon Tyne, Tyne And Wear NE4 8SH3
£126K09/210.11 mi101, Normount Road, Newcastle Upon Tyne, Tyne And Wear NE4 8SH3
£129K02/230.11 mi89, Normount Road, Newcastle Upon Tyne, Tyne And Wear NE4 8SH3
£85K07/210.11 mi75, Fairholm Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AT3
£175K02/230.11 mi32, Clovelly Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8SE3
£55K02/210.12 mi63, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AH3
£60K05/210.12 mi45, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AH3
£77K05/210.12 mi50, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AH3
£85K08/210.15 mi7, Dipton Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8DT3
£73K11/200.15 mi16, Ellesmere Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TS3
£210K07/220.17 mi21, Cliftonville Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RT3
£161K06/230.17 mi31, Eastgate Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8DR3
£171K10/230.17 mi29, Eastgate Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 8DR3
£127K02/240.17 mi46, Cliftonville Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RT3
£159.9K09/230.17 mi42, Cliftonville Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RT3
£155K06/210.17 mi13, Cliftonville Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RT3
£120K05/210.19 mi1, Ilfracombe Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RU3
£167K03/210.22 mi7, Grainger Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 8DP3
£240K01/240.23 mi18, Paignton Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RS3
£160K11/200.24 mi1, Ventnor Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RX3
£125K01/240.24 mi10, Ventnor Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RX3
£210K12/220.24 mi8, Ventnor Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RX3
£106K09/230.24 mi5, Western Avenue, Grainger Park, Newcastle Upon Tyne, Tyne And Wear NE4 8SL3
£120K03/240.24 mi17, Western Avenue, Grainger Park, Newcastle Upon Tyne, Tyne And Wear NE4 8SL3
£140K07/230.26 mi12, Normount Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8AR3
£150K03/210.26 mi4, Tiverton Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8SN3
£130K07/240.26 mi7, Teindland Close, Newcastle Upon Tyne, Tyne And Wear NE4 8HE3
£108.5K02/210.26 mi9, Teindland Close, Newcastle Upon Tyne, Tyne And Wear NE4 8HE3
£108.5K02/210.26 mi9, Teindland Close, Newcastle Upon Tyne, Tyne And Wear NE4 8HE3
£200K05/240.27 mi26, Western Avenue, Grainger Park, Newcastle Upon Tyne, Tyne And Wear NE4 8SP3
£155K02/240.27 mi18, Western Avenue, Grainger Park, Newcastle Upon Tyne, Tyne And Wear NE4 8SP3
£95K03/210.27 mi81, Canning Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UH3
£133K02/230.28 mi120 - 122, Condercum Road, Newcastle Upon Tyne, Tyne And Wear NE4 9JE3
£149.5K09/220.29 mi38, Croftsway, Newcastle Upon Tyne, Tyne And Wear NE4 8DH3
£165K02/230.29 mi16, Croftsway, Newcastle Upon Tyne, Tyne And Wear NE4 8DH3
£150K03/230.29 mi6, Western Drive, Newcastle Upon Tyne, Tyne And Wear NE4 8SQ3
£110K01/210.3 mi207, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TP3
£75K11/210.3 mi204 - 206, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8TP3
£155K08/230.31 mi18, Dunholme Road, Newcastle Upon Tyne, Tyne And Wear NE4 6XE3
£160K06/230.32 mi15, Keldane Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9PS3
£125K07/230.32 mi208, Condercum Road, Newcastle Upon Tyne, Tyne And Wear NE4 9JD3
£180K08/230.37 mi6, Mcewan Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 6XL3
£112.3K11/200.38 mi27, Bishops Road, Newcastle Upon Tyne, Tyne And Wear NE15 6RY3
£100K03/230.39 mi17, Isabella Close, Newcastle Upon Tyne, Tyne And Wear NE4 8LU3
£230K10/220.39 mi66, Shipley Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9RA3
£126K01/210.43 mi23, Beadling Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9HL3
£110K06/210.44 mi30, Benwell Grange Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 6RP3

Local Rents

21 rents from £600/mo to £3.6K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£95003/250 mi-3
£65011/240.04 mi-3
£70012/240.04 mi-3
£85002/250.11 mi-3
£85002/250.11 mi-3
£1,30006/240.21 miEthel Street, Newcastle Upon Tyne, NE43
£1,30006/240.21 mi-3
£60006/240.26 miJoan Street, Benwell, Newcastle Upon Tyne3
£1,09505/240.29 mi-3
£1,19505/240.29 miCroftsway, Newcastle Upon Tyne, NE43
£3,60003/250.33 mi-3
£1,00006/240.38 mi-3
£1,00006/240.38 miNewcastle Upon Tyne, Newcastle Upon Tyne, NE43
£95006/240.4 miWest Road, Westerhope, Newcastle upon Tyne, NE43
£2,10005/240.41 mi-3
£1,15007/240.47 miMiddleton Avenue, Newcastle Upon Tyne3
£99506/240.48 miLynwood Terrace, Newcastle upon Tyne3
£90007/240.5 mi-3
£90006/240.5 miLynnwood Terrace, Newcastle Upon Tyne, NE43
£90006/240.56 miHartington Street, Newcastle upon Tyne3
£1,36512/240.56 miHartington Street, Newcastle Upon Tyne, NE43

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £95,000

January 21, 2025

Floor Plans

Description

  • Freehold +
  • Three bedrooms +
  • Mid-terraced house +
  • Mains gas +
  • Mains electric +

Located in the vibrant area of Benwell, Newcastle Upon Tyne, this charming three bedroom mid-terraced house presents an excellent opportunity for both investors and those seeking a comfortable home. Spanning an impressive 534.5 square feet, the property boasts a good sized reception room, perfect for entertaining guests or enjoying quiet evenings in.

The three bedrooms offer ample space for family living, catering to the modern lifestyle. The bathroom is conveniently located, ensuring ease of access for all residents.

Currently, the property is tenanted, generating a steady rental income of £590 per calendar month, making it an attractive option for investors looking to expand their portfolio. The existing tenant adds a layer of convenience, allowing for immediate returns on your investment.

Property is proximity to local amenities, schools, and transport links, this property is sure to appeal to a wide range of buyers. Do not miss the chance to explore this delightful home in Newcastle Upon Tyne.

Agent Details

DEAN & CO ESTATES LIMITED, Newcastle Upon Tyne

0191 743 3241

Next Steps?

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