2 Bed Flat, Single Let, Wallsend, NE28 7AL, £65,000

35 Shafto Street, Rosehill, Wallsend, NE28 7AL - 2 months ago

Sold STC

Leasehold

BTL

ROI: 13%

67 m²

+11 photos

ValuationUndervalued

Sold Prices	£40K - £120K
Sold Prices/m²	£606/m² - £1.8K/m²

Square Metres	67 m²
Price/m²	£970/m²
Value Estimate	£80,600£80,600
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£550 - £1,195£550 - £1,195
Rent Estimate	£550
Running Costs/mo	£333£333
Cashflow/mo	£217£217
Cashflow/yr	£2,603£2,603
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £40K to £120K, average is £80K. £606/m² to £1.8K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£60K	04/21	0.01 mi	35, Shafto Street, Wallsend, Tyne And Wear NE28 7AL	£896	67	2	Flat
£62K	02/21	0.15 mi	61, Richardson Street, Wallsend, Tyne And Wear NE28 7PS	£1,020	61	2	Flat
£55K	02/23	0.26 mi	67, Stanley Street, Wallsend, Tyne And Wear NE28 7DB	-	-	2	Flat
£65K	06/21	0.26 mi	41, Stanley Street, Wallsend, Tyne And Wear NE28 7DB	-	-	2	Flat
£71K	01/24	0.27 mi	70, Stanley Street, Wallsend, Tyne And Wear NE28 7DD	-	-	2	Flat
£84K	11/21	0.27 mi	57, Northumberland Terrace, Wallsend, Tyne And Wear NE28 7BL	£959	88	2	Flat
£40K	07/21	0.27 mi	10, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ	£606	66	2	Flat
£90K	07/21	0.35 mi	74, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ	£1,663	54	2	Flat
£75.5K	11/21	0.35 mi	46, Caesar Way, Wallsend, Tyne And Wear NE28 7JJ	£1,398	54	2	Flat
£85K	05/21	0.38 mi	23, Roman Court, Wallsend, Tyne And Wear NE28 7JP	£1,518	56	2	Flat
£97.5K	05/21	0.38 mi	30, Roman Court, Wallsend, Tyne And Wear NE28 7JP	£1,653	59	2	Flat
£90K	11/23	0.38 mi	23, Roman Court, Wallsend, Tyne And Wear NE28 7JP	-	-	2	Flat
£58K	01/21	0.39 mi	37, South Terrace, Wallsend, Tyne And Wear NE28 6QE	£1,000	58	2	Flat
£80K	05/23	0.42 mi	60, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,333	60	2	Flat
£66K	05/21	0.42 mi	90, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,119	59	2	Flat
£86K	03/24	0.42 mi	56, Deneholm, Wallsend, Tyne And Wear NE28 7HD	-	-	2	Flat
£80K	12/21	0.43 mi	9, Ilford Road, Wallsend, Tyne And Wear NE28 0LX	-	-	2	Flat
£79K	08/21	0.43 mi	25, Ilford Road, Wallsend, Tyne And Wear NE28 0LX	£1,317	60	2	Flat
£80K	10/20	0.43 mi	35, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,538	52	2	Flat
£80K	09/23	0.43 mi	73, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,333	60	2	Flat
£73K	10/23	0.43 mi	34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,237	59	2	Flat
£80K	10/20	0.43 mi	30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,333	60	2	Flat
£73K	05/23	0.47 mi	54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS	£1,237	59	2	Flat
£81K	01/23	0.54 mi	16, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ	£1,473	55	2	Flat
£77.5K	02/21	0.54 mi	14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW	£1,360	57	2	Flat
£60K	10/20	0.54 mi	73, Dilston Grange, Wallsend, Tyne And Wear NE28 6JH	£1,113	54	2	Flat
£78K	01/23	0.56 mi	23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,300	60	2	Flat
£59.5K	06/23	0.56 mi	12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH	£1,144	52	2	Flat
£70K	12/22	0.56 mi	118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ	£1,148	61	2	Flat
£80.5K	06/21	0.56 mi	40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,395	58	2	Flat
£80K	01/23	0.58 mi	88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	-	-	2	Flat
£85K	08/21	0.58 mi	122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,417	60	2	Flat
£77.5K	01/23	0.58 mi	94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,462	53	2	Flat
£71K	03/21	0.59 mi	314, High Street East, Wallsend, Tyne And Wear NE28 7JZ	£1,203	59	2	Flat
£89K	05/24	0.6 mi	53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	-	-	2	Flat
£89K	02/23	0.6 mi	17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£89K	02/23	0.6 mi	19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£82K	08/21	0.6 mi	10, Russell Close, Wallsend, Tyne And Wear NE28 9JY	-	-	2	Flat
£85K	07/23	0.6 mi	8, Russell Close, Wallsend, Tyne And Wear NE28 9JY	-	-	2	Flat
£70K	03/23	0.63 mi	35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,846	38	2	Flat
£55K	08/21	0.63 mi	33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,078	51	2	Flat
£100K	12/21	0.63 mi	17, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,250	80	2	Flat
£112.5K	12/22	0.63 mi	17, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,406	80	2	Flat
£120K	07/23	0.63 mi	21, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,714	70	2	Flat
£95K	10/20	0.63 mi	11, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,357	70	2	Flat
£95K	12/20	0.63 mi	21, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,357	70	2	Flat
£93.5K	06/23	0.63 mi	9, Kings Vale, Wallsend, Tyne And Wear NE28 7JS	£1,336	70	2	Flat
£80K	07/23	0.64 mi	44, Grey Street, Wallsend, Tyne And Wear NE28 7SE	-	-	2	Flat
£73K	10/20	0.65 mi	10, Alexandrea Way, Wallsend, Tyne And Wear NE28 9JX	£1,123	65	2	Flat
£78K	03/23	0.65 mi	5, Alexandrea Way, Wallsend, Tyne And Wear NE28 9JX	-	-	2	Flat

Local Rents

19 rents from £550/mo to £1.2K/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£800	03/25	0.12 mi	-	2	Terraced House
£750	12/24	0.15 mi	-	2	Terraced House
£625	07/24	0.26 mi	Merlin Crescent, Rosehill	2	Flat
£725	05/24	0.29 mi	Savory Road, Wallsend	2	Detached House
£600	02/25	0.33 mi	-	2	Flat
£1,195	12/24	0.34 mi	Engine Inn Road, Wallsend	2	Terraced House
£875	03/25	0.36 mi	-	2	Terraced House
£550	06/24	0.39 mi	South Terrace, Wallsend, NE28	2	Flat
£700	07/24	0.4 mi	Oban Avenue, Wallsend, Tyne and Wear, NE28 0PU	2	Terraced House
£700	07/24	0.4 mi	Oban Avenue, Wallsend, Tyne and Wear, NE28 0PU	2	Terraced House
£695	05/24	0.42 mi	Caesar Way, Wallsend, NE28	2	Flat
£825	10/24	0.53 mi	-	2	Flat
£650	06/24	0.58 mi	Wallsend, Tyne and Wear, NE28	2	Flat
£595	07/24	0.58 mi	Dene Crescent, Wallsend, Tyne and Wear, NE28	2	Flat
£550	07/24	0.58 mi	Dene Crescent, Wallsend	2	Flat
£550	07/24	0.58 mi	Dene Crescent, Wallsend	2	Flat
£550	02/25	0.6 mi	-	2	Flat
£625	05/24	0.61 mi	-	2	House
£625	05/24	0.61 mi	-	2	House

Local Area Statistics

Population in NE28	44,51944,519
Population in Wallsend	44,52044,520
Town centre distance	0.26 miles away0.26 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+43%+43%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £65,000

February 7, 2025

Floor Plans

Description

Guide Price £65,000 to £75,000 +
Two Bedroom First Floor Flat +
Great First Time Buy +
Ready To Move Into +
Ideal Buy To Let +
Beautifully Presented +
Leasehold 125 years from 25 June 2001 +
Council Tax Band A +
Energy Rating D +

GUIDE PRICE £65,000 TO £75,000 FIRST FLOOR FLAT READY TO MOVE INTO

DECEPTIVELEY SPACIOUS TWO DOUBLE BEDROOMS GREAT FIRST TIME BUY OR BUY TO LET

COUNCIL TAX BAND A ENERGY RATING D LEASE 125 YEAR FROM 25 JUNE 2001

Entrance - Composite door, stairs to the first floor accommodation.

Landing - Double glazed window, radiator.

Kitchen - 2.74 x 2.27 - Fitted with a range of wall and base units with work surfaces over, single drainer sink unit, cooker with extractor hood over. Double glazed window, open to landing area.

Lounge - 4.15 x 3.66 - Double glazed window, wall mounted electric fire, cupboard and radiator.

Bedroom 1 - 3.66 x 3.65 - Double glazed window, radiator.

Bedroom 2 - 3.77 x 2.74 - Double glazed window, radiator.

Bathroom - 2.75 x 1.71 - Recently upgraded, including WC and vanity wall unit with hand wash basin and separate shower. Fully tiled walls, double glazed window, ladder style radiator.

External - Externally there is an open aspect to rear.

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1800 Mbps Upload: 220 Mbps
Mobile: Indoor EE>Limited Three> Likely 02>Likley Vodafone>Likely
Outdoor : EE>Likely Three> Likely 02>Likley Vodafone>Likely

Flood Risks - At the time of marketing this information is correct.
Yearly chance of flooding:
Rivers and the sea: Very Low
Surface water: Very Low

Leasehold - Leasehold 125 Years from 25th June 2001. Ground Rent and Service Charge payable to North Tyneside Council - currently £333.31 per annum.

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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