3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE5 3AY, £90,000

Chestnut Avenue, Cowgate, Newcastle upon Tyne, NE5 3AY - 2 views - 2 months ago

Sold STC
BTL
ROI: 10%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£65K - £330K
Sold Prices/m²£1.1K/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£110,700
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£695 - £1,600

Rent Estimate

£650

Running Costs/mo

£431

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £330K, average is £161K. £1.1K/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£90K10/230.07 mi28, Whitethorn Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3BL3
£117K04/230.12 mi10, Revell Terrace, Newcastle Upon Tyne, Tyne And Wear NE5 3AA3
£160K08/210.24 mi7, Hauxley Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LQ3
£225K06/210.25 mi39, Woodburn Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9EN3
£238K03/210.26 mi321, Wingrove Road North, Newcastle Upon Tyne, Tyne And Wear NE4 9ED3
£305K07/230.26 mi318, Wingrove Road North, Newcastle Upon Tyne, Tyne And Wear NE4 9ED3
£113.5K09/230.29 mi250, Ponteland Road, Cowgate, Newcastle Upon Tyne, Tyne And Wear NE5 3BR3
£240K12/220.29 mi205, Wingrove Road, Newcastle Upon Tyne, Tyne And Wear NE4 9DB3
£200K03/210.3 mi9, Ridgeway, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9UL3
£247K12/230.3 mi9, Ridgeway, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9UL3
£77K12/220.31 mi42, Eastern Way, Newcastle Upon Tyne, Tyne And Wear NE5 3HT3
£158.5K02/240.32 mi8, Alnmouth Court, Newcastle Upon Tyne, Tyne And Wear NE5 3LG3
£115K12/210.32 mi20, Alnmouth Court, Newcastle Upon Tyne, Tyne And Wear NE5 3LG3
£164.5K12/200.32 mi29, Lindale Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UN3
£210K06/210.32 mi20, Lindale Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UN3
£212K01/210.32 mi11, Lindale Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UN3
£240K05/230.32 mi14, Lindale Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UN3
£148.5K09/230.32 mi31, Heather Place, Newcastle Upon Tyne, Tyne And Wear NE4 9TR3
£135K09/230.33 mi184, Two Ball Lonnen, Fenham, Newcastle Upon Tyne, Tyne And Wear NE4 9SB3
£137K06/230.34 mi9, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£97.5K09/210.34 mi11, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£105K03/210.34 mi8, Doxford Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 3LU3
£155K05/240.34 mi12, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£117K06/210.34 mi20, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£126K11/200.34 mi22, Druridge Drive, Newcastle Upon Tyne, Tyne And Wear NE5 3LD3
£218K01/210.35 mi47, Kingsway, Newcastle Upon Tyne, Tyne And Wear NE4 9UJ3
£181K06/240.35 mi5, Radcliffe Place, Newcastle Upon Tyne, Tyne And Wear NE5 3LN3
£65K08/210.37 mi27, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX3
£150K02/230.37 mi4, Cypress Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9ST3
£90K03/210.38 mi156, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5 3JR3
£230K11/200.38 mi7, Friarside Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UP3
£255K01/240.38 mi7, Friarside Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UP3
£185K05/230.38 mi33, Friarside Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UP3
£162K09/230.39 mi42, Brookside Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3LY3
£248K10/200.4 mi2, Redewater Road, Newcastle Upon Tyne, Tyne And Wear NE4 9UD3
£149.9K01/240.41 mi131, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5 3JN3
£108K06/210.42 mi43, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3DX3
£145K01/240.44 mi48, Springfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3DU3
£126K06/210.45 mi10, Meadowdale Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3HJ3
£117K03/240.46 mi35, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3HA3
£295K02/210.46 mi49, Auburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9XQ3
£295K02/210.46 mi49, Auburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9XQ3
£330K12/220.46 mi39, Auburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9XQ3
£274.5K02/230.47 mi6, Powburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9UE3
£270K12/230.47 mi4, Powburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9UE3
£100K06/210.47 mi39, Royal Crescent, Newcastle Upon Tyne, Tyne And Wear NE4 9TP3
£142K06/230.47 mi2, Royal Crescent, Newcastle Upon Tyne, Tyne And Wear NE4 9TP3
£325K02/230.48 mi16, Cherryburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9UQ3
£274.1K02/230.48 mi28, Simonburn Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9UA3
£229K07/220.48 mi7, Cherryburn Gardens, Newcastle Upon Tyne, Tyne And Wear NE4 9UQ3

Local Rents

37 rents from £695/mo to £1.6K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£69505/240.08 miMoorhead, Newcastle Upon Tyne, NE53
£75002/250.08 mi-3
£1,15005/240.14 mi-3
£79512/240.14 mi-3
£79512/240.14 mi-3
£92506/240.21 miCherryburn Gardens, Fenham, Newcastle Upon Tyne, NE43
£1,15006/240.24 mi-3
£1,15006/240.24 mi-3
£1,22502/250.27 mi-3
£1,00003/250.31 mi-3
£1,43501/240.33 mi-3
£1,29502/250.33 mi-3
£95006/240.35 miTwo Ball Lonnen, Fenham, NE43
£80912/240.37 mi-3
£85005/240.38 miGreenway, Fenham, Newcastle, NE43
£85005/240.44 miRennington Place, North Fenham, Newcastle upon Tyne, Tyne and Wear, NE5 3LJ3
£1,50012/240.45 mi-3
£1,20012/240.48 mi-3
£1,15003/250.49 mi-3
£1,25001/240.49 mi-3
£87502/250.49 mi-3
£85001/250.49 mi-3
£1,00003/250.5 mi-3
£1,00012/240.51 mi-3
£1,10006/240.51 miFenham Chase, Fenham, Newcastle upon Tyne3
£90006/240.52 mi-3
£1,10012/240.52 mi-3
£1,15012/240.52 mi-3
£1,09903/250.55 mi-3
£1,15001/250.55 mi-3
£1,60007/240.55 miWingrove Road, Fenham, Newcastle upon Tyne3
£85003/250.58 mi-3
£85005/240.59 miDarwin Crescent, Kenton, NE33
£1,00012/240.59 mi-3
£1,15003/250.6 mi-3
£90006/240.6 mi-3
£90006/240.6 miMillfield Avenue, Newcastle Upon Tyne, NE33

Local Area Statistics

Population in NE5

48,324

Population in Newcastle upon Tyne

381,037

Town centre distance

1.16 miles away

Nearest school

0.60 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £90,000

January 29, 2025

Floor Plans

Description

  • Tenanted Investment +
  • Three Bedrooms +
  • Freehold +
  • No Onward Chain +
  • Garden +
  • Driveway +

Presenting Chestnut Avenue, a three bedroom terraced house located within a quiet, residential area of Cowgate. Being sold as a tenanted investment, with no onward chain, this is a great opportunity to start or add to a property portfolio providing immediate rental returns.  Entering the property, to the right is the kitchen. With modern wall and base units providing ample storage space and a small dining table. At the rear of the property to the right is the large lounge, a great living space with the potential to be a lounge-diner, the lounge also provides access to the rear garden via patio doors.  On the first floor, to the left is the third bedroom, a good sized single room. To the right at the rear of the property is the master bedroom, an impressive sized double bedroom. To the front of the property is the good sized second double bedroom and completing the first floor is the family bathroom with with three piece white suite.  Externally the property has a good sized front garden with a paved area, a small lawn and a bricked driveway with gated access. To the rear, a generously sized rear garden featuring a small decking area and large lawn.  The property currently achieves £650 per month rental income.  Tenure: Freehold
Council Tax Band: A - £1,528 per year
EPC: C

Cowgate is located to the west of Newcastle upon Tyne and is popular because of the local community, it's proximity to Newcastle city centre & the local amenities on the doorstep. There are local shops including a convenience store, a post office, hairdressers, take aways, sandwich bars, a Morrisons Supermarket and petrol station nearby. Newcastle International Airport is approximately 5m away and for golfing enthusiasts, Newcastle United Golf Course is approximately 1m away. Material Information: This property is built to standard construction. We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: C. Tenure: Freehold,

Agent Details

Northwood, Newcastle

0191 625 0777

Next Steps?

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