3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE6 4HJ, £157,500

27 Marondale Avenue, Newcastle Upon Tyne, NE6 4HJ - 8 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 9%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£93K - £275K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£150,225

 

 

End Value (After Refurb)

£162,470

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,375

Stamp Duty & Legal Fees

£5,925

Refurb Costs

£35,600

Bridging Loan Interest

£4,134

Total Cash In

£86,784

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,470

Mortgage (After Refinance)

£121,852

Mortgage LTV

75%

Cash Released

£3,727

Cash Left In

£83,057

Equity

£40,617

Rent Range

£746 - £2,508

Rent Estimate

£1,465

Running Costs/mo

£821

Cashflow/mo

£644

Cashflow/yr

£7,731

ROI

9%

Gross Yield

11%

Local Sold Prices

49 sold prices from £93K to £275K, average is £172.9K. £1.1K/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£190K11/220.04 mi21, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3
£192K05/230.04 mi15, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3
£198.5K01/230.08 mi48, Calderdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HN3
£205K02/240.1 mi44, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£141.8K02/240.1 mi88, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£129K05/210.11 mi4, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HD3
£210K07/230.12 mi127, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HH3
£175K06/210.12 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£175K10/230.14 mi38, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HY3
£175K06/210.14 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£155K09/210.18 mi7, Mead Walk, Newcastle Upon Tyne, Tyne And Wear NE6 4HB3
£95K12/200.19 mi32, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4EX3
£187K05/210.19 mi5, West Farm Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JA3
£236K11/220.22 mi229, Fossway, Newcastle Upon Tyne, Tyne And Wear NE6 4QY3
£185K02/210.24 mi116, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RQ3
£179.4K05/230.25 mi21, Ashbourne Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4EA3
£93K04/230.26 mi25, Lownds Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 4BD3
£155K09/210.26 mi5, Jackson Street, Newcastle Upon Tyne, Tyne And Wear NE6 4EL3
£207K03/240.26 mi37, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RT3
£160K02/210.27 mi83, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HA3
£156K11/200.3 mi16, Ellesmere Avenue, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4RP3
£145K03/240.3 mi35, Selby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 4YA3
£172.9K06/210.31 mi1, Wyedale Way, Newcastle Upon Tyne, Tyne And Wear NE6 4UA3
£213.5K08/210.32 mi1, Woodhead Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RX3
£210K11/230.32 mi24, Woodhead Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RX3
£138K07/210.33 mi1, Cloverdale Court, Newcastle Upon Tyne, Tyne And Wear NE6 4UB3
£145K04/240.33 mi6, Middle Street East, Newcastle Upon Tyne, Tyne And Wear NE6 4DF3
£180K03/230.34 mi156, Whinneyfield Road, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£150K12/200.34 mi140, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£183K06/210.34 mi93, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£198K05/230.34 mi83, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£110K01/210.34 mi37, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DP3
£125K04/230.34 mi32, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DP3
£172.9K06/210.35 mi1, Wyedale Way, Newcastle Upon Tyne, Tyne And Wear NE6 4UA3
£138K12/210.35 mi89, Weardale Avenue, Walker, Newcastle Upon Tyne, Tyne And Wear NE6 4LE3
£195K09/210.35 mi65, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RU3
£105K04/210.35 mi642, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JS3
£260K06/230.36 mi15, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£275K05/240.36 mi3, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£181K04/210.36 mi7, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£158K10/230.36 mi169, Ennerdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 4LJ3
£195K07/230.36 mi187, Ennerdale Road, Newcastle Upon Tyne, Tyne And Wear NE6 4LJ3
£123K07/210.36 mi15, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4AA3
£127K10/200.38 mi92, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RE3
£110K03/230.38 mi35, Orpington Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 2RL3
£117K02/240.39 mi16, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DN3
£125K04/240.39 mi4, Sunningdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4DN3
£115K08/210.4 mi10, Finsbury Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4BQ3
£160K04/240.4 mi968, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4XS3

Local Rents

17 rents from £746/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£79511/240.3 mi-3
£2,20002/240.32 mi-3
£2,20004/240.32 mi-3
£2,10008/240.32 mi-3
£2,10011/240.32 mi-3
£2,10001/250.32 mi-3
£2,50804/250.32 mi-3
£1,00011/240.37 mi-3
£89504/250.38 mi-3
£1,20005/240.38 miWyedale Way, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 4UW3
£1,15001/250.39 mi-3
£74602/250.4 mi-3
£74603/250.4 mi-3
£97504/240.41 mi-3
£1,05004/250.41 mi-3
£90012/230.48 mi-3
£95004/250.48 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £157,500

February 7, 2025

Description

  • 3 Bed Semi Detached House +
  • In Need of Updating +
  • Pleasant Cul-de-Sac Location +
  • 24' Lounge/Sitting Room +
  • Dining Room +
  • Kitchen +
  • Bathroom/WC and Shower/WC +
  • Front & Rear Gardens +
  • Ideal for a Couple or Family +
  • Great Opportunity +

A pleasantly situated 3 bedroomed semi detached house, in need of updating and presenting a fabulous opportunity to create a wonderful family home, to the successful purchasers' own taste and requirements. Within a pleasant cul-de-sac in the sought after Walkerdene area, this property has gas fired central heating and sealed unit double glazing. The Entrance Hall leads to the 24' Lounge/Sitting Room, the focal point of which is a multi-fuel stove. there is also a polished wood floor and bay to the front. The Dining Room has a storage cupboard, wall mounted gas fire, cupboard housing the hot water system, patio doors to the rear garden and is open to the Kitchen, fitted with wall, base & display units, sink unit, split level oven and 4 ring gas hob with extractor over. There is a Rear Hall with door to the rear and a Shower/WC with low level wc, wall mounted wash basin and shower enclosure with electric shower. Stairs lead from the Lounge/Sitting Room to the First Floor Landing. Bedroom 1 has a range of fitted wardrobes with storage cupboards over with bay to the front. Bedroom 2 is to the rear, with built in wardrobes. Bedroom 3 has a storage cupboard and is to the front. The Bathroom/WC is fitted with a low level wc, pedestal wash basin, corner bath and shower cubicle.

Externally, the Front Garden is lawned with plants and shrubs. There is a driveway for off street parking and path to the front door. The private Rear Garden is West facing with lawn and a collection of mature shrubs and plants.

Marondale Avenue is well placed for local amenities with good road and public transport links, including the Metro system, into the city, to the coast and throughout Tyneside.

Entrance Hall - 1.12m x 0.86m (3'8 x 2'10) -

Lounge/Sitting Room - 7.32m x 3.81m (into bay) (24'0 x 12'6 (into bay)) -

Inner Hall - 1.07m x 0.91m (3'6 x 3'0) -

Dining Room - 4.11m x 3.15m (13'6 x 10'4) -

Kitchen - 3.56m x 3.05m (11'8 x 10'0) -

Rear Hall - 1.22m x 1.02m (4'0 x 3'4) -

Shower/Wc - 2.11m x 2.84m (into shower recess) (6'11 x 9'4 (in -

First Floor Landing -

Bedroom 1 - 3.43m x 3.71m (into bay) (11'3 x 12'2 (into bay)) -

Bedroom 2 - 4.17m x 3.51m (max) (13'8 x 11'6 (max)) -

Bedroom 3 - 3.40m x 3.10m (11'2 x 10'2) -

Bathroom/Wc - 3.15m x 3.05m (+dr recess) (10'4 x 10'0 (+dr rec -

Agent Details

Goodfellows, Heaton

0191 743 9412

Next Steps?

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