3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE6 2JE, £70,000

Renwick Street, Byker, NE6 2JE - 2 months ago

Auction
BTL
ROI: 19%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£50K - £205K
Sold Prices/m²£649/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£650 - £2,300

Rent Estimate

£706

Running Costs/mo

£380

Cashflow/mo

£326

Cashflow/yr

£3,913

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £50K to £205K, average is £115K. £649/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£99.5K04/210.02 mi4, Renwick Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JE3
£91K11/200.07 mi68, Cresswell Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JB3
£85.5K03/210.09 mi66, Cullercoats Street, Newcastle Upon Tyne, Tyne And Wear NE6 2JA3
£90K12/220.18 mi31, Emily Street, Newcastle Upon Tyne, Tyne And Wear NE6 2QY3
£99K01/230.18 mi184, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£100K05/240.19 mi398, Grace Street, Newcastle Upon Tyne, Tyne And Wear NE6 2RQ3
£100K07/240.22 mi218, Orpington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RG3
£115K01/230.24 mi17, Kennington Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2QA3
£127K10/200.26 mi92, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RE3
£77K06/210.26 mi18, Chirton Wynd, Newcastle Upon Tyne, Tyne And Wear NE6 2PW3
£100K05/210.29 mi21, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PD3
£110K03/230.29 mi35, Orpington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RL3
£107K05/240.31 mi60, Norbury Grove, Newcastle Upon Tyne, Tyne And Wear NE6 2TB3
£115K08/210.31 mi10, Finsbury Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4BQ3
£120K12/220.32 mi182, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DD3
£78K11/230.32 mi2, Spires Lane, Newcastle Upon Tyne, Tyne And Wear NE6 2NT3
£128K04/240.36 mi191, Ayton Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DB3
£172K04/230.37 mi548, Welbeck Road, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£147.5K10/230.37 mi542, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 2PA3
£93K04/230.37 mi25, Lownds Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 4BD3
£123K07/210.4 mi15, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4AA3
£86.5K06/230.4 mi128, Headlam Street, Newcastle Upon Tyne, Tyne And Wear NE6 1EB3
£120K01/240.42 mi70, Beresford Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 2EL3
£160K02/210.43 mi83, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HA3
£70K09/230.45 mi2, Janet Square, Newcastle Upon Tyne, Tyne And Wear NE6 2AZ3
£82.5K11/200.46 mi55, Kingston Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2SR3
£155K09/210.47 mi7, Mead Walk, Newcastle Upon Tyne, Tyne And Wear NE6 4HB3
£95K12/200.48 mi32, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4EX3
£115K03/230.48 mi86, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£109K01/240.48 mi45, Wilton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2TT3
£142K02/240.49 mi38, Crawford Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BA3
£103K06/210.51 mi21, Chathill Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 3BB3
£60K05/230.51 mi49, Chatsworth Gardens, St Anthonys, Newcastle Upon Tyne, Tyne And Wear NE6 2TN3
£129K05/210.53 mi4, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HD3
£160K09/230.55 mi15, Queen Anne Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EN3
£105K12/200.55 mi11, Branxton Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 3BJ3
£141.7K09/210.56 mi28, Chillingham Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EL3
£120K12/230.56 mi22, Chillingham Court, Newcastle Upon Tyne, Tyne And Wear NE6 5EL3
£175K06/210.56 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£125K06/240.56 mi15, Melton Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 3BH3
£110K04/230.57 mi188, St Anthonys Road, Newcastle Upon Tyne, Tyne And Wear NE6 2NJ3
£90.5K09/230.58 mi11, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH3
£50K04/230.58 mi15, Brinkburn Street, Newcastle Upon Tyne, Tyne And Wear NE6 2DH3
£175K06/210.58 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£187K05/210.58 mi5, West Farm Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JA3
£180.5K11/220.58 mi25, Iolanthe Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4QS3
£175K10/230.59 mi38, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HY3
£205K02/240.6 mi44, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£141.8K02/240.6 mi88, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£198.5K01/230.62 mi48, Calderdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HN3

Local Rents

20 rents from £650/mo to £2.3K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£65002/250.16 mi-3
£70001/250.16 mi-3
£90012/230.17 mi-3
£95003/250.17 mi-3
£65006/240.18 miBothal Street, Newcastle Upon Tyne, NE63
£75005/240.25 miAllendale Road, Walker, Newcastle Upon Tyne, Tyne & Wear, NE63
£1,00011/240.31 mi-3
£92502/250.31 mi-3
£2,10008/240.32 mi-3
£2,10011/240.32 mi-3
£2,10001/250.32 mi-3
£2,30002/250.32 mi-3
£2,20002/240.32 mi-3
£2,20004/240.32 mi-3
£82503/250.35 mi-3
£1,14005/240.47 mi-3
£79502/250.51 mi-3
£79511/240.58 mi-3
£90005/240.59 miBrinkburn Street, Newcastle upon Tyne, Tyne and Wear, NE63
£87501/250.61 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £70,000

January 29, 2025

Floor Plans

Description

  • Three Bedrooms +

  • Requires Updating +

  • Gardens +

  • Council Tax Band A +

  • EPC Rating TBC +

FOR SALE BY ONLINE AUCTION ENDING 27TH FEBRUARY 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

Requiring UPDATING AND REFURBISHMENT is this three bedroom mid terraced home. Although the property requires updating, this presents a wonderful opportunity for those wishing to create their dream home. The living space includes a lounge, kitchen, downstairs bathroom, three bedrooms and a separate wc. Externally, gardens lie to the front and rear.

Agent Details

Sarah Mains, Auction

0191 487 0011

Next Steps?

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