3 Bed Terraced House, Single Let, Gateshead, NE10 0JD, £50,000

Helmsdale Avenue, Gateshead, NE10 0JD - 5 views - 2 months ago

Sold STC
Auction
BTL
ROI: 22%
~93 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£575 - £3,500

Rent Estimate

£575

Running Costs/mo

£291

Cashflow/mo

£284

Cashflow/yr

£3,405

ROI

22%

Gross Yield

14%













Local Rents

32 rents from £575/mo to £3.5K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£72507/240.02 mi-3
£57506/240.04 miThe Avenue, Felling, Gateshead3
£67505/240.06 miMulberry Street, Gateshead, Tyne And Wear, NE103
£65007/240.06 miMulberry Street, Gateshead, Tyne And Wear, NE103
£62507/240.21 miStuart Terrace, Felling, Newcastle upon Tyne, NE10 0ET3
£65007/240.21 miStuart Terrace, Felling, Newcastle upon Tyne, NE10 0ET3
£57507/240.27 miHigh Street, Felling Central3
£57507/240.27 miHigh Street, Felling Central3
£1,19504/240.34 mi-3
£1,19505/240.34 miOban Terrace, Gateshead, NE103
£77505/240.35 miBondene Avenue West, Gateshead, Tyne & Wear3
£65008/240.37 miTulip Street, Felling, Gateshead, NE103
£85011/240.4 mi-3
£72507/240.43 miWoodlands Terrace, Felling, Gateshead3
£95007/240.44 miChurchill Road, Felling3
£92506/240.44 miChurchill Road, Gateshead3
£92506/240.44 miChurchill Road, Gateshead, NE83
£90005/240.45 miSycamore Grove, Felling, Gateshead, NE103
£99506/240.48 miBishops Park Road, Gateshead, NE83
£2,35006/240.51 mi-3
£2,35007/240.51 mi-3
£2,20003/250.51 mi-3
£1,00006/240.54 miWatermill Lane, Felling, Gateshead, Tyne And Wear, NE103
£1,05006/240.55 mi-3
£1,05006/240.55 miWatermill Lane, Gateshead, NE103
£96512/240.58 mi-3
£89507/240.59 miFleetwood Way, Gateshead, NE83
£1,09506/240.59 mi-3
£69512/230.61 mi-3
£3,50003/250.61 mi-3
£1,00002/250.61 mi-3
£1,10006/240.61 miBeech Street, Gateshead, Tyne and Wear, NE83

Local Area Statistics

Population in NE10

35,991

Population in Gateshead

122,353

Town centre distance

1.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £50,000

January 24, 2025

Description

  • In need of modernisation +
  • View more: underthehammer.com +

For Sale by under the hammer online auction. Thursday 20th - Thursday 20th February 2025 - Head over to our website to download the legal pack, register to bid and see more information. A vacant freehold two bedroom property situated in the residential area of Felling, Gateshead  The property has a spacious lounge area, second reception/dining room, kitchen, two generously sized bedrooms and a family bathroom.  To the rear, the property has a paved garden  The property requires refurbishment, presenting an excellent opportunity for someone seeking a project to enhance its value as it is conveniently located with easy access to Felling's local shops and amenities, as well as excellent transport routes and services connecting to the surrounding areas. Felling, Gateshead, is a well-connected area offering a range of local amenities, including shops, schools, and leisure facilities. With excellent transport links via metro, bus, and road, it provides easy access to Gateshead, Newcastle, and surrounding areas, making it a convenient location for commuters and families alike Here's what to do next

  • Visit - Our website and view the auction terms.
  • View - Book a viewing directly through our website.
  • Register - Get registered prior to the auction opening date.
  • Legal Pack - Download and view the legal pack to find out all the relevant information.
  • Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
  • Bidding - Everything is completed online through the website and the intuitive bidding controls. If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website

Agent Details

Under The Hammer, Birmingham

03455 120115

Next Steps?

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