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











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 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 💪

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