3 Bed Semi-Detached House, Refurb/BRRR, Gateshead, NE11 9UY, £140,000

Cypress Crescent, Gateshead, Tyne And Wear, NE11 9UY - 10 views - 6 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 4%
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£98K - £275K
Sold Prices/m²£1K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£156,550

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Refurb Costs

£39,324

Bridging Loan Interest

£3,675

Total Cash In

£88,249

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,550

Mortgage (After Refinance)

£117,413

Mortgage LTV

75%

Cash Released

£12,413

Cash Left In

£75,837

Equity

£39,138

Rent Range

£700 - £1,300

Rent Estimate

£1,027

Running Costs/mo

£715

Cashflow/mo

£312

Cashflow/yr

£3,749

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £98K to £275K, average is £160K. £1K/m² to £2.8K/m², average is £1.7K/m².

Price
Date
Distance
Address
Beds
 
£130K12/240.05 mi10, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£137K07/230.05 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£172K01/240.07 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£185K02/210.09 mi40, Holmside Avenue, Gateshead, Tyne And Wear NE11 9TJ3
£170K03/250.09 mi33, Myrtle Avenue, Gateshead, Tyne And Wear NE11 9UD3
£177K03/250.09 mi6, Wilson Street, Gateshead, Tyne And Wear NE11 9UB3
£177K03/250.09 mi6, Wilson Street, Dunston Hill, Gateshead NE11 9UB3
£180K11/240.1 mi5, Moore Avenue, Dunston Hill, Gateshead NE11 9UE3
£159.9K10/210.11 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.11 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£190K01/230.13 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£106.5K12/240.14 mi4, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£245K01/240.14 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230.14 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230.14 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£150K03/230.14 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£140K10/230.14 mi17, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£176K10/230.14 mi18, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£212K07/230.14 mi10, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£225K07/230.14 mi22, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£170K11/240.14 mi30, Monkridge Gardens, Dunston Hill, Gateshead NE11 9XE3
£107K02/210.14 mi4, Kensington Terrace, Gateshead, Tyne And Wear NE11 9SL3
£275K12/220.16 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£170K09/210.17 mi31, Rochester Gardens, Gateshead, Tyne And Wear NE11 9TH3
£198K04/240.19 mi23, Appleton Close, Gateshead, Tyne And Wear NE11 9SG3
£227K04/250.19 mi55, Palatine Place, Dunston, Gateshead NE11 9SR3
£190K03/250.19 mi45, Elsdon Gardens, Dunston, Gateshead NE11 9TN3
£160K09/230.21 mi11, Ravensworth Terrace, Dunston, Gateshead, Tyne And Wear NE11 9TE3
£150K10/230.21 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220.21 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210.21 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£120K04/210.22 mi6, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£157K12/220.23 mi4, Shrewsbury Street, Gateshead, Tyne And Wear NE11 9NS3
£160K07/220.23 mi13, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA3
£135K06/210.23 mi25, King George Avenue, Gateshead, Tyne And Wear NE11 9UP3
£160K11/240.23 mi2a, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ3
£130K06/210.24 mi66, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£144.7K02/250.24 mi56, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£120K07/210.24 mi64, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£135K10/220.24 mi13, Shrewsbury Street, Gateshead, Tyne And Wear NE11 9NS3
£180K01/230.24 mi17, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£200K12/230.24 mi15, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£175K03/240.24 mi32, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£162K05/210.25 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£150K10/220.26 mi54, Glebe Terrace, Gateshead, Tyne And Wear NE11 9NQ3
£115K02/250.27 mi13, Dixon Place, Dunston, Gateshead, Tyne And Wear NE11 9BL3
£144.7K02/250.27 mi56, Glebe Terrace, Dunston Hill, Gateshead NE11 9NQ3
£145K07/230.28 mi2, Grace Street, Gateshead, Tyne And Wear NE11 9NT3
£98K03/210.28 mi11, Grace Street, Gateshead, Tyne And Wear NE11 9NT3
£190K07/240.28 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3

Local Rents

26 rents from £700/mo to £1.3K/mo, average is £973/mo.

Rent
Date
Distance
Address
Beds
 
£87507/250.09 mi-3
£87507/250.09 miHolly Avenue, Gateshead, NE113
£89506/250.12 mi-3
£89506/240.14 mi-3
£89507/250.19 miPalatine Place, Dunston, Gateshead, NE113
£95007/250.22 miKing George Avenue, Dunston3
£83303/250.28 mi-3
£87512/240.3 mi-3
£90004/250.36 mi-3
£1,20011/240.45 mi-3
£1,25001/250.45 mi-3
£99504/240.46 mi-3
£1,25007/240.48 miRopery Road, Gateshead, NE83
£1,25007/250.48 miRopery Road, Gateshead, NE83
£1,30007/250.48 miRopery Road, Gateshead3
£1,20007/250.51 miKeppel Street, Dunston, NE113
£1,15005/250.52 miKeppel Street, Dunston, NE113
£87507/250.53 mi-3
£87507/250.53 miKeppel Street, Gateshead, NE113
£99507/240.54 miMalvern Gardens, Lobley Hill, Gateshead3
£80007/250.58 miDunston Road, Dunston, Gateshead, NE113
£1,30006/240.58 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£70006/250.59 miBeresford Street, Gateshead, NE113
£1,00007/250.62 miNewton Street, Dunston, Gateshead, Tyne and Wear, NE113
£1,30006/240.62 mi-3
£99506/240.62 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.29 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

-28%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £140,000

January 31, 2025

Floor Plans

Description

  • Three bedroom semi-detached +
  • No onward chain +
  • Close to amenities +
  • Additional WC/washroom +
  • Large garden +
  • Spacious kitchen/diner +

New to the sales market is this deceptively large THREE bedroom semi-detached house in Dunston. With easy access to the A1 and Metro-centre, NO CHAIN and a FREEHOLD tenure, and with some modernisation required, this home close to the Front Street has plenty to offer first time buyers and the growing family alike.

Entrance from the path and lawned garden for the hallway leading to two reception areas consisting of the living area and a spacious kitchen/diner, which provides access to the large and secure garden area to the rear of the property. Also handily downstairs is the family bathroom.

To the first floor are the three very well-proportioned bedrooms with ample storage throughout, including in the loft space, and the all important and extra upstairs WC/washroom.

Externally to the front is the lawned garden that could be converted for off-road parking, and to the rear a large and secure space ready for landscaping, which will provide a very desirable and secure outside space.

If you would like to make an Offer:

Please note that Target Property NE will immediately notify the seller when any offer is made on this property. At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.

Tenure:

Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale. Prospective buyers must always make appropriate and further enquiries with their own legal adviser.

Agent Details

Target Property NE, Whickham

07901 862377

Next Steps?

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