2 Bed Flat, Single Let, Washington, NE37 1TN, £70,000
Lingmell, Albany, Washington, NE37 1TN - 5 views - 2 months ago
Sold STC
Leasehold
BTL
ROI: 13%
~68 m²





+9 photos
ValuationUndervalued
Sold Prices | £40K - £275K |
Sold Prices/m² | £653/m² - £24.2K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1K/m² |
Value Estimate | £74,012 |
BMV | 6% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £17,500 |
Stamp Duty & Legal Fees | £4,700 |
Total Cash In | £22,200 |
| |
Cash Out | |
Rent Range | £550 - £2,200 |
Rent Estimate | £603 |
Running Costs/mo | £359 |
Cashflow/mo | £244 |
Cashflow/yr | £2,924 |
ROI | 13% |
Gross Yield | 10% |
Local Sold Prices
32 sold prices from £40K to £275K, average is £66K. £653/m² to £24.2K/m², average is £1.1K/m².
Local Rents
12 rents from £550/mo to £2.2K/mo, average is £723/mo.
Local Area Statistics
Population in NE37 | 21,032 |
Population in Washington | 52,264 |
Town centre distance | 0.84 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 3.10 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +71% |
Sales demand | Seller's market |
Capital growth (5yrs) | +4% |
Property History
Listed for £70,000
February 4, 2025
Floor Plans

Description
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