2 Bed Flat, Single Let, Newcastle upon Tyne, NE6 2RP, £63,500

340 Grace Street, Byker, Newcastle upon Tyne, NE6 2RP - 2 months ago

Sold STC
Leasehold
BTL
ROI: 14%
~49 m²
+2 photos

ValuationUndervalued

Sold Prices£36K - £182K
Sold Prices/m²£556/m² - £2.7K/m²

 

 

Square Metres

~48.90 m²
Price/m²£1.3K/m²

Value Estimate

£70,215
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,875

Stamp Duty & Legal Fees

£4,375

Total Cash In

£20,250

 

 

Cash Out

 

Rent Range

£550 - £3,500

Rent Estimate

£575

Running Costs/mo

£333

Cashflow/mo

£242

Cashflow/yr

£2,899

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £36K to £182K, average is £79K. £556/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£50K03/210.03 mi221, Scarborough Road, Newcastle Upon Tyne, Tyne And Wear NE6 2RX2
£40K12/200.04 mi332, Grace Street, Newcastle Upon Tyne, Tyne And Wear NE6 2RP2
£45K11/220.06 mi299, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SE2
£36K02/210.14 mi327, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH2
£41.8K05/210.14 mi365, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH2
£55.2K11/230.14 mi5, Cullercoats Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JA2
£57.5K01/230.2 mi2a, Dunmorlie Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JL2
£40.8K01/210.2 mi3, Dunmorlie Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JL2
£50K03/210.2 mi34, Emily Street, Newcastle Upon Tyne, Tyne And Wear NE6 2QY2
£100K07/230.22 mi94, Fossway, Newcastle Upon Tyne, Tyne And Wear NE6 4QZ2
£54K12/200.23 mi64, Gillies Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JP2
£65K12/230.44 mi249, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD2
£62K10/200.45 mi215, Commercial Road, Byker, Newcastle Upon Tyne, Tyne And Wear NE6 2ED2
£45.8K01/210.45 mi115, Clydesdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2EQ2
£77K12/200.48 mi71, Julian Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4RJ2
£77K12/200.48 mi71, Julian Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4RJ2
£58K08/230.48 mi5, Relton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TH2
£55K09/210.51 mi103, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SX2
£112K01/230.52 mi14, Walpole Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RL2
£83K05/230.52 mi13, Walpole Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RL2
£60K06/210.53 mi54, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HE2
£93K05/230.53 mi20, Denmark Court, Newcastle Upon Tyne, Tyne And Wear NE6 2UG2
£75K12/230.54 mi8, Marondale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HJ2
£86.2K06/230.54 mi8, Brough Street, Newcastle Upon Tyne, Tyne And Wear NE6 5EX2
£70K03/240.59 mi18, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL2
£54.5K06/230.59 mi149, Allendale Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SY2
£87K10/230.59 mi6, Keebledale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HS2
£73K12/220.6 mi79, Eastbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DT2
£40K01/210.6 mi876, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4QP2
£81K01/230.6 mi886, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4QP2
£60K05/230.63 mi47, Chatsworth Gardens, St Anthonys, Newcastle Upon Tyne, Tyne And Wear NE6 2TN2
£155K06/230.65 mi17, Marleen Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5DN2
£105K12/200.65 mi46, Marleen Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5DN2
£142K10/210.65 mi5, Spencer Street, Newcastle Upon Tyne, Tyne And Wear NE6 5BY2
£77K11/220.65 mi119, Westbourne Avenue, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4HP2
£110K05/240.65 mi4, Cheltenham Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5HR2
£106K05/210.68 mi309, Rothbury Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DE2
£128.5K04/230.68 mi210, Rothbury Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DE2
£172K12/230.69 mi164, Rothbury Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DD2
£130K03/210.69 mi207, Rothbury Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DD2
£100K02/210.69 mi42, Stannington Place, Newcastle Upon Tyne, Tyne And Wear NE6 5HT2
£125K01/230.71 mi42, Stannington Place, Newcastle Upon Tyne, Tyne And Wear NE6 5HT2
£110K06/210.72 mi356, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DS2
£131K07/210.72 mi320, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DS2
£130K04/210.72 mi319, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DS2
£182K12/230.72 mi218, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DR2
£130K11/200.72 mi266, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DR2
£109K11/210.74 mi263, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DZ2
£112K02/210.74 mi207, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DZ2
£130K02/210.74 mi191, Simonside Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5DZ2

Local Rents

37 rents from £550/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£62502/250.03 mi-2
£62510/240.04 mi-2
£59005/240.05 miBenson Road, Newcastle Upon Tyne, NE62
£61512/240.07 mi-2
£65006/240.08 miGrace Street, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 2RP2
£60005/240.09 mi-2
£69502/250.15 mi-2
£70006/240.17 miScarborough Road, Byker, Newcaslte Upon Tyne2
£70007/240.17 miScarborough Road, Byker, Newcaslte Upon Tyne2
£70007/240.17 miScarborough Road, Byker, Newcaslte Upon Tyne2
£55006/240.18 miCanterbury Street, Newcastle Upon Tyne, NE62
£55007/240.18 mi-2
£70006/240.24 miHarriet Street, Byker, Newcastle Upon Tyne2
£70007/240.24 miHarriet Street, Byker, Newcastle Upon Tyne2
£72505/240.26 miWelbeck Mews, Walker, NE62
£78006/240.4 mi-2
£69511/240.41 mi-2
£75005/240.44 miJulian Avenue, Walkergate, Newcastle upon Tyne, Tyne and Wear, NE6 4RJ2
£1,15006/240.45 mi-2
£55006/240.45 miClydesdale Road, Newcastle Upon Tyne2
£95006/240.48 miPalmerston Avenue, Walkergate, Newcastle upon Tyne, Tyne and Wear, NE6 4RD2
£75005/240.5 mi-2
£75005/240.5 miJulian Avenue, Newcastle Upon Tyne, NE62
£70006/240.52 miMarondale Avenue, Walkerdene, Newcastle Upon Tyne2
£70006/240.52 miMarondale Avenue, Walkerdene, Newcastle Upon Tyne2
£65005/240.52 miWalpole Street, Walkergate, Newcastle upon Tyne, NE6 4RL2
£85011/240.53 mi-2
£62507/240.54 miMarondale Avenue, Newcastle upon Tyne, NE62
£75011/240.55 mi-2
£99506/240.56 miCalderdale Avenue, Newcastle upon Tyne2
£3,50003/250.6 mi-2
£92506/240.6 miChillingham Road, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5BJ2
£1,35006/240.6 mi-2
£94510/240.6 mi-2
£89503/250.6 mi-2
£65002/250.6 mi-2
£80001/250.61 mi-2

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £63,500

January 27, 2025

Floor Plans

Description

  • 2 Bed Ground Floor Semi Detached Flat +
  • Lounge with Fireplace +
  • Fitted Kitchen +
  • Refurbished Shower/WC +
  • Parking To Front +
  • South Facing Garden to Rear +
  • Gas CH & SUDG +
  • Great First Purchase/Investment +
  • Tyneside Lease: 964 Yrs Remaining +
  • Council Tax Band: A EPC: C +

A two bedroomed ground floor semi detached Tyneside flat, within this popular and long established residential area. With gas fired central heating and sealed unit double glazing, the Reception Hall leads to the Lounge, the focal point being a coal effect real flame gas fire set within an attractive painted surround, with cabinet to one recess. The Kitchen is fitted with wall and base units, sink unit, split level over with 4 ring gas hob and door to the rear. Bedroom 1 is to the front. Bedroom 2 has a storage cupboard and is also to the front. The Shower/WC has been refurbished with a low level wc, wash basin with storage under and mirror fronted cabinet over, shower enclosure with rainhead and hand held showers with tiled surrounds and towel warmer.

Externally, there is a driveway with off street parking to the front and a concreted south facing garden to the rear.

Grace Street is situated off Allendale Road, with good road and public transport links into the city and other surrounding areas.

Reception Hall -

Lounge - 3.73m x 3.28m (12'3 x 10'9) -

Kitchen - 3.45m x 2.21m (11'4 x 7'3) -

Bedroom 1 - 3.35m x 3.25m (11'0 x 10'8) -

Bedroom 2 - 3.51m x 2.67m (max) (11'6 x 8'9 (max)) -

Shower/Wc - 2.36m x 1.32m (7'9 x 4'4) -

Agent Details

Goodfellows, Heaton

0191 743 9412

Next Steps?

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