3 Bed Terraced House, Refurb/BRRR, Newcastle upon Tyne, NE12 8PH, £85,000

Shearwater Avenue, Longbenton, Newcastle upon Tyne, NE12 8PH - 1 views - a month ago

Sold STC
Auction
Refurb/BRRR
ROI: 5%
~93 m²
+7 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£35,902

Bridging Loan Interest

£2,231

Total Cash In

£64,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£173,821

Agent Fees (1%)

£1,738

Bridging Loan

£63,750

Bridging Loan Interest

£2,231

Flip Profit

£43,450













Local Rents

31 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99502/240.04 mi-3
£90012/240.08 miShearwater Avenue, Longbenton, NE123
£87502/250.12 mi-3
£1,20012/240.15 miBlackfriars Way, Longbenton, Newcastle upon Tyne, NE123
£1,20003/250.17 mi-3
£99512/240.2 mi-3
£1,15008/240.3 mi-3
£1,15007/240.3 miChesters Avenue, Newcastle Upon Tyne, NE123
£85007/240.32 miGlenfield Road, Benton, Newcastle upon Tyne, NE123
£1,28012/240.39 mi-3
£1,28001/250.39 mi-3
£1,25003/250.39 mi-3
£1,10005/240.4 miWestbury Court, Longbenton, NE123
£1,10005/240.4 miWestbury Court, Longbenton3
£1,20007/240.41 miChesters Avenue, Longbenton, Newcastle upon Tyne3
£95005/240.45 mi-3
£95001/250.45 mi-3
£1,00010/230.45 mi-3
£1,20004/240.45 mi-3
£87511/230.46 mi-3
£92505/240.46 miMaybury Villas, Longbenton3
£1,05007/240.46 mi-3
£1,09505/240.46 mi-3
£1,09505/240.46 mi-3
£1,20012/240.48 mi-3
£99507/240.49 miHousestead Gardens, Longbenton, Newcastle Upon Tyne3
£99507/240.49 miHousesteads Gardens, Longbenton, NE123
£90006/240.53 mi-3
£90006/240.53 miVicars Lane, Newcastle Upon Tyne, NE73
£99505/240.6 miGoathland Avenue, Newcastle Upon Tyne3
£80006/240.61 miWiseton Court, Longbenton3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

2.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £85,000

January 30, 2025

Floor Plans

Description

  • No Chain +
  • Close to Local Amenities +
  • 3 Bedrooms +
  • Terraced House +
  • Sought After Location +
  • Private Rear Garden +

Conditional Auction (option 2)   Online bidding will be opening 12/2/2025 at 9:00 Disclaimer One  This property is to be sold via conditional auction (option 2). The successful buyer will need to pay a non-refundable deposit of £3,000.00, this deposit will form part of the purchase price of the property. After the deposit has been taken the buyer will then have 28 days to exchange contracts. After the exchange of contracts this purchase must complete no later than 14 days from this date.  Disclaimer Two  Every auction property comes with a guide price and a reserve price. The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction. The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer. It may be up to 10% higher than the guide price.  Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.  Disclaimer Three  At your request we can refer you to a Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.  Reservation Fee  This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.  Legal Pack  A legal pack will be available to download before the auctions end date.We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.  Registration   To register to bid for this property please copy the link below into your browser.  northwoodauctionne.com  Particulars  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.  This three-bedroom mid-terraced property, located on the popular Shearwater Avenue in Longbenton, offers a fantastic opportunity for those seeking a home with potential. While the property requires modernisation, it boasts a newly fitted bathroom and a functional layout that’s perfect for family living. As you step into the property, you are welcomed by a hallway featuring the staircase to the first floor. To the left, a doorway leads into a spacious living room, filled with natural light from two large double windows. Continuing through the hallway, you’ll find the kitchen, which offers ample countertop space, room for a small dining table, and direct access to the private rear garden—a perfect space to relax or entertain. Upstairs, the master bedroom is located to the left and offers generous proportions. The second bedroom is also spacious, easily accommodating a double bed, and includes a built-in cupboard for additional storage. The third bedroom, ideal as an office or a single bedroom, also features a built-in cupboard for convenience. The newly fitted bathroom is modern and stylish, with a separate toilet room for added practicality. With its potential for improvement, this property is a great opportunity to create a home tailored to your taste. Don’t miss the chance to view—contact us today to arrange a visit! For more information or to arrange a viewing please contact our Benton office. Freehold Council Tax Band 2024-2025 - A -  approx £1480.32 per annum. EPC Rating - TBC 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: D. Tenure: Freehold,

Agent Details

Northwood, Benton

0191 266 4455

Next Steps?

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