2 Bed Flat, Single Let, Newcastle upon Tyne, NE2 2DL, £275,000

St. Georges Terrace, Jesmond, Newcastle Upon Tyne, NE2 2DL - 2 views - 3 months ago

Leasehold
BTL
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£110.5K - £469K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£180,940

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£795 - £1,750

Rent Estimate

£950

Running Costs/mo

£1,069

Cashflow/mo

£-119

Cashflow/yr

£-1,432

Gross Yield

4%

Local Sold Prices

50 sold prices from £110.5K to £469K, average is £198.4K. £1.9K/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£255K04/210.01 miGround Floor Flat, 92, St Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 2DL2
£268K10/230.01 miGround Floor Flat, 92, St Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 2DL2
£277K10/200.04 mi49b, Sanderson Road, Newcastle Upon Tyne, Tyne And Wear NE2 2DR2
£185K07/210.05 mi40, Coniston Avenue, West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3HA2
£187K11/200.07 mi13, Glenthorn Road, Newcastle Upon Tyne, Tyne And Wear NE2 3HL2
£227K04/210.08 mi12, Glenthorn Road, Newcastle Upon Tyne, Tyne And Wear NE2 3HN2
£173.5K12/220.1 mi72, Bayswater Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3HS2
£270K09/230.18 mi22, Myrtle Grove, Newcastle Upon Tyne, Tyne And Wear NE2 3HT2
£235K06/230.18 mi13, Myrtle Grove, Newcastle Upon Tyne, Tyne And Wear NE2 3HT2
£200K07/230.19 mi54, Mayfair Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DP2
£170K06/210.2 mi59, Mayfair Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DN2
£169K10/210.2 mi27, Mayfair Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DN2
£193K12/200.2 mi11, Mayfair Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DN2
£260K06/230.23 miFlat C, 38, Grosvenor Place, Newcastle Upon Tyne, Tyne And Wear NE2 2RE2
£195.5K03/230.24 mi14, Mildmay Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DU2
£185K09/210.28 mi17a, Grosvenor Place, Newcastle Upon Tyne, Tyne And Wear NE2 2RB2
£185K09/210.28 mi17a, Grosvenor Place, Newcastle Upon Tyne, Tyne And Wear NE2 2RB2
£215K07/230.28 mi21a, Osborne Road, Newcastle Upon Tyne, Tyne And Wear NE2 2AH2
£130K08/230.28 miFlat B, 20, Grosvenor Road, Newcastle Upon Tyne, Tyne And Wear NE2 2RP2
£240K11/200.31 miFlat, 66b, Highbury, Newcastle Upon Tyne, Tyne And Wear NE2 3LN2
£160K02/210.4 mi95, Grosvenor Road, Newcastle Upon Tyne, Tyne And Wear NE2 2RN2
£236K04/240.41 mi1b, Otterburn Villas South, Newcastle Upon Tyne, Tyne And Wear NE2 3AQ2
£145K12/200.41 mi27, Cavendish Road, Newcastle Upon Tyne, Tyne And Wear NE2 2NJ2
£280K12/200.44 miAbbot Memorial Building, 49, Princess Mary Court, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3BG2
£469K08/230.44 miAbbot Memorial Building, 50, Princess Mary Court, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3BG2
£145K05/210.46 mi12, Orchard Place, Newcastle Upon Tyne, Tyne And Wear NE2 2DE2
£147K08/230.46 mi16, Orchard Place, Newcastle Upon Tyne, Tyne And Wear NE2 2DE2
£161K09/230.46 mi2, Orchard Place, Newcastle Upon Tyne, Tyne And Wear NE2 2DE2
£165K03/210.5 mi19, Newlands Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NT2
£381.6K12/200.51 mi1, Kingswood Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3NS2
£223K09/230.52 mi86, Lodore Road, Newcastle Upon Tyne, Tyne And Wear NE2 3NR2
£307K01/210.53 miFlat 3, 12, Burdon Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 3AE2
£230K06/210.53 mi16, Burdon Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 3AE2
£196K07/210.54 mi34, Albemarle Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3NQ2
£218K08/230.54 mi34, Albemarle Avenue, Newcastle Upon Tyne, Tyne And Wear NE2 3NQ2
£196.8K12/210.56 mi55, Shortridge Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 2JE2
£130K06/210.56 mi70, Jesmond Park West, Newcastle Upon Tyne, Tyne And Wear NE7 7BY2
£145K11/230.56 mi64, Jesmond Park West, Newcastle Upon Tyne, Tyne And Wear NE7 7BY2
£300K09/230.57 mi15, Eslington Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4RL2
£287K11/220.57 mi24b, Eslington Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4RL2
£300K06/210.57 miFlat A, 17, Eslington Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4RL2
£336K02/240.57 mi26a, Garden Flat, Eslington Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4RL2
£225K05/210.58 mi14, Eskdale Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 4DN2
£305K12/230.61 mi6a, Fernwood Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 1TJ2
£305K01/210.61 mi8a, Fernwood Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 1TJ2
£122K11/220.63 mi12, Tweedmouth Court, Newcastle Upon Tyne, Tyne And Wear NE3 1YP2
£110.5K10/210.64 mi6, Monkridge Court, Newcastle Upon Tyne, Tyne And Wear NE3 1YW2
£122K03/230.65 mi14, Monkridge Court, Newcastle Upon Tyne, Tyne And Wear NE3 1YW2
£141K05/210.65 mi2, Sovereign Court, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 1JZ2
£150K09/210.65 mi25, Sovereign Court, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 1JZ2

Local Rents

51 rents from £795/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.01 miSt. Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne and Wear, NE2 2DL2
£95005/240.01 miSt Georges Terrace, Jesmond, 2
£1,20012/240.01 miJesmond, St Georges Terrace2
£1,05006/240.02 miSt. Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne and Wear, NE22
£1,55005/240.02 miSt. Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne and Wear, NE2 2DL2
£1,20005/240.03 miSt. Georges Terrace, Jesmond, Newcastle upon Tyne2
£99705/240.04 miGlenthorn Road, Newcastle Upon Tyne2
£1,25006/240.05 miOsborne Road, Jesmond, Newcastle upon Tyne2
£1,29006/240.05 mi-2
£1,29006/240.05 mi-2
£1,25009/240.05 mi-2
£1,29006/240.05 miJesmond, Newcastle Upon Tyne, NE22
£98006/240.05 miConiston Avenue, Jesmond, 2
£99505/240.06 miConiston Avenue, Jesmond, Newcastle upon Tyne2
£1,40012/240.06 miConiston Avenue, West Jesmond, Newcastle Upon Tyne, Tyne and Wear, NE2 3EY2
£79505/240.07 miGlenthorn Road, Jesmond, Newcastle Upon Tyne, NE22
£1,00005/240.07 miGlenthorn Road, Newcastle Upon Tyne2
£1,00005/240.08 miGlenthorn Road, Newcastle Upon Tyne2
£1,04005/240.08 miConiston Avenue, West Jesmond, Newcastle Upon Tyne2
£1,30012/240.08 miGlenthorn Road, Newcastle Upon Tyne2
£1,10006/240.08 miBayswater Road, Jesmond, Newcastle Upon Tyne2
£1,30005/240.08 miConiston Avenue, Newcastle Upon Tyne, NE22
£1,30005/240.08 miConiston Avenue, Newcastle Upon Tyne, NE22
£1,10007/240.08 miBayswater Road, Newcastle Upon Tyne2
£1,75005/240.09 miThornleigh Road, Newcastle Upon Tyne, NE22
£1,05012/240.1 mi-2
£1,40005/240.1 miOsborne Road, Newcastle Upon Tyne2
£1,19006/240.1 miConiston Avenue, Jesmond, Newcastle Upon Tyne2
£1,15006/240.1 miConiston Avenue, Jesmond, Newcastle Upon Tyne2
£1,25001/250.1 mi-2
£1,10005/240.11 miHazelwood Avenue, Newcastle Upon Tyne, Tyne and Wear, NE2 3HU2
£1,10005/240.11 miHazelwood Avenue, Jesmond, Newcastle upon Tyne2
£1,17005/240.11 miBayswater Road, Newcastle Upon Tyne2
£99506/240.11 miOsborne Road, Jesmond, Newcastle upon Tyne2
£1,15012/240.11 miOsborne Road, Jesmond, Newcastle upon Tyne2
£1,04005/240.11 mi£1,040pcm - Bayswater Road, Jesmond2
£92501/250.12 mi-2
£1,10006/240.12 miLonsdale Court, Jesmond2
£1,29507/240.12 miLonsdale Court, Jesmond2
£1,15008/240.12 mi-2
£1,20012/240.12 mi-2
£1,15006/240.12 miWest Jesmond Avenue, Newcastle Upon Tyne, NE22
£1,10007/240.12 miLonsdale Court, Jesmond2
£1,04005/240.12 miBayswater Road, Jesmond, Newcastle Upon Tyne2
£1,08305/240.12 miGlenthorn Road, Jesmond, Newcastle Upon Tyne2
£1,17005/240.13 miHazelwood Avenue, Newcastle Upon Tyne, NE22
£1,00005/240.13 miHazelwood Avenue, Jesmond2
£1,00005/240.13 miHazelwood Avenue, Newcastle Upon Tyne2
£1,00005/240.13 miSt. Georges Terrace, Newcastle Upon Tyne2
£1,40005/240.14 miSt. Georges Terrace, Jesmond, Newcastle Upon Tyne, Tyne and Wear, NE2 2SY2
£1,43007/240.14 miBlythswood Court, Jesmond, Newcastle upon Tyne2

Local Area Statistics

Population in NE2

27,709

Population in Newcastle upon Tyne

381,037

Town centre distance

2.35 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+15%

Property History

Listed for £275,000

January 27, 2025

Floor Plans

Description

  • Top floor apartment +
  • Two bedrooms +
  • Sought after location +
  • No upper chain +
  • Leasehold - 999 years from 1 January 1986 -(960 years remaining) +
  • EPC rating C +
  • Council tax band C +

We are pleased to present this desirable top floor mid terraced apartment, conveniently situated in a prime location with excellent public transport links and a variety of local amenities within close proximity. The property is located near Jesmond library, West Jesmond metro and Jesmond swimming pool, making it perfectly positioned for all your needs.This property boasts two spacious double bedrooms, bathroom, lounge  and  breakfast kitchen.One of the unique features of this property is that there is no upper chain, making the purchasing process easier for any potential buyer.Whether you're a professional seeking a well-located home or a small family desiring a property close to good schools and amenities, this flat could be the perfect fit. Please don't hesitate to get in touch for further information or to arrange a viewing of this impressive property. 

PRIMARY SERVICES SUPPLY
Electricity: MAINS
Water: MAINS
Sewerage: MAINS
Heating: GAS CENTRAL HEATING
Broadband: NOT CURRENTLY INSTALLED
Mobile Signal Coverage Blackspot: NO
Parking: ON STREET PERMIT PARKING 
MINING: The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any.

Agent Details

Rook Matthews Sayer, Jesmond

0191 625 0131

Next Steps?

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