2 Bed Flat, Single Let, Wallsend, NE28 6PJ, £80,000

47 Ash Grove, Wallsend, NE28 6PJ - 2 months ago

Sold STC

Leasehold

BTL

ROI: 8%

61 m²

+8 photos

ValuationOvervalued

Sold Prices	£50K - £131.3K
Sold Prices/m²	£758/m² - £1.8K/m²

Square Metres	61 m²
Price/m²	£1.3K/m²
Value Estimate	£75,475£75,475

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£3,600£3,600
Total Cash In	£23,600£23,600

Cash Out
Rent Range	£525 - £825£525 - £825
Rent Estimate	£544
Running Costs/mo	£379£379
Cashflow/mo	£165£165
Cashflow/yr	£1,982£1,982
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £77.8K. £758/m² to £1.8K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£53.3K	09/23	0.03 mi	137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	-	-	2	Flat
£72K	10/23	0.03 mi	131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	£1,060	68	2	Flat
£55K	10/20	0.06 mi	264, High Street East, Wallsend, Tyne And Wear NE28 7RX	£1,077	51	2	Flat
£50K	12/22	0.07 mi	244, High Street East, Wallsend, Tyne And Wear NE28 7RX	£758	66	2	Flat
£71K	03/21	0.1 mi	314, High Street East, Wallsend, Tyne And Wear NE28 7JZ	£1,203	59	2	Flat
£55K	11/21	0.14 mi	41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	£948	58	2	Flat
£60K	01/21	0.14 mi	11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	-	-	2	Flat
£89K	05/24	0.15 mi	53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	-	-	2	Flat
£89K	02/23	0.15 mi	17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£89K	02/23	0.15 mi	19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£85K	08/21	0.15 mi	122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,417	60	2	Flat
£77.5K	01/23	0.15 mi	94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,462	53	2	Flat
£80K	01/23	0.16 mi	88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	-	-	2	Flat
£59.5K	06/23	0.16 mi	12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH	£1,144	52	2	Flat
£80K	07/23	0.18 mi	10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ	£1,230	65	2	Flat
£69K	12/23	0.2 mi	159, Vine Street, Wallsend, Tyne And Wear NE28 6JB	£1,438	48	2	Flat
£75K	11/22	0.21 mi	76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ	£1,056	71	2	Flat
£78K	12/22	0.21 mi	9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB	£1,271	61	2	Flat
£87.2K	02/23	0.24 mi	78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX	-	-	2	Flat
£80K	07/23	0.26 mi	44, Grey Street, Wallsend, Tyne And Wear NE28 7SE	-	-	2	Flat
£60.8K	02/23	0.27 mi	43, Park Road, Wallsend, Tyne And Wear NE28 6QZ	-	-	2	Flat
£90K	01/23	0.27 mi	38, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£1,410	64	2	Flat
£50K	01/21	0.27 mi	1, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£847	59	2	Flat
£72K	03/21	0.31 mi	33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU	£1,157	62	2	Flat
£71K	07/23	0.36 mi	106, Park Road, Wallsend, Tyne And Wear NE28 7QR	-	-	2	Flat
£87.5K	10/22	0.41 mi	45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB	£1,389	63	2	Flat
£58K	01/21	0.43 mi	37, South Terrace, Wallsend, Tyne And Wear NE28 6QE	£1,000	58	2	Flat
£73K	10/23	0.46 mi	34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,237	59	2	Flat
£80K	10/20	0.46 mi	30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,333	60	2	Flat
£80K	10/20	0.48 mi	35, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,538	52	2	Flat
£80K	09/23	0.48 mi	73, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,333	60	2	Flat
£131.3K	09/23	0.49 mi	204, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,823	72	2	Flat
£85K	02/21	0.49 mi	248, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,164	73	2	Flat
£80K	05/23	0.5 mi	60, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,333	60	2	Flat
£66K	05/21	0.5 mi	90, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,119	59	2	Flat
£86K	03/24	0.5 mi	56, Deneholm, Wallsend, Tyne And Wear NE28 7HD	-	-	2	Flat
£95.5K	12/22	0.52 mi	147, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,448	66	2	Flat
£95K	03/23	0.52 mi	123, North Road, Wallsend, Tyne And Wear NE28 8RH	-	-	2	Flat
£93K	11/23	0.52 mi	121, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,500	62	2	Flat
£69.5K	07/21	0.54 mi	30, David Street, Wallsend, Tyne And Wear NE28 8RA	£1,137	61	2	Flat
£85K	09/23	0.54 mi	28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ	£1,604	53	2	Flat
£62K	02/21	0.55 mi	61, Richardson Street, Wallsend, Tyne And Wear NE28 7PS	£1,020	61	2	Flat
£90K	03/24	0.56 mi	28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH	-	-	2	Flat
£78K	12/22	0.57 mi	38, John Street, Wallsend, Tyne And Wear NE28 8QX	£1,500	52	2	Flat
£57.5K	02/21	0.57 mi	17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY	£1,106	52	2	Flat
£105K	08/23	0.57 mi	86, North Road, Wallsend, Tyne And Wear NE28 8RJ	£1,500	70	2	Flat
£73K	08/21	0.57 mi	94, North Road, Wallsend, Tyne And Wear NE28 8RJ	-	-	2	Flat
£59K	01/21	0.59 mi	7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN	£1,091	54	2	Flat
£66K	03/24	0.61 mi	40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ	-	-	2	Flat
£75K	08/21	0.65 mi	38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU	£1,190	63	2	Flat

Local Rents

24 rents from £525/mo to £825/mo, average is £638/mo.

Rent	Date	Distance	Address	Beds	Type
£650	11/23	0.06 mi	-	2	House
£695	11/24	0.06 mi	-	2	Flat
£575	07/24	0.08 mi	High Street East, Wallsend, Tyne and Wear, NE28 7RX	2	Flat
£675	04/24	0.08 mi	-	2	Flat
£525	05/24	0.11 mi	Holly Avenue, Wallsend	2	Flat
£650	05/24	0.12 mi	Dene Crescent, Wallsend. NE28 7SN. Garden & Drive	2	Flat
£595	07/24	0.15 mi	Dene Crescent, Wallsend, Tyne and Wear, NE28	2	Flat
£650	06/24	0.15 mi	Wallsend, Tyne and Wear, NE28	2	Flat
£550	07/24	0.19 mi	Dene Crescent, Wallsend	2	Flat
£550	07/24	0.19 mi	Dene Crescent, Wallsend	2	Flat
£550	09/23	0.23 mi	-	2	Flat
£575	06/24	0.26 mi	Percy Street, Wallsend	2	Flat
£720	07/24	0.26 mi	-	2	Flat
£650	06/24	0.3 mi	Coronation Street, Wallsend, North Tyneside, NE28	2	Flat
£600	10/23	0.33 mi	-	2	House
£620	02/25	0.43 mi	-	2	Flat
£550	06/24	0.43 mi	South Terrace, Wallsend, NE28	2	Flat
£625	05/24	0.44 mi	Hugh Street, Wallsend, NE28	2	Flat
£725	12/24	0.46 mi	-	2	Flat
£800	05/24	0.49 mi	-	2	Flat
£750	04/24	0.49 mi	-	2	Flat
£595	05/24	0.52 mi	-	2	Flat
£825	11/24	0.55 mi	-	2	Flat
£825	03/25	0.55 mi	-	2	Flat

Local Area Statistics

Population in NE28	44,51944,519
Population in Wallsend	44,52044,520
Town centre distance	0.72 miles away0.72 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.42 miles away0.42 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 £80,000

February 8, 2025

Floor Plans

Description

Two Bedroom First Floor Flat +
Newly Decorated & Ready To Move Into +
Modern Bathroom With Four Piece suite +
Walking Distance to Shops, Schools & Metro +
Spacious Kitchen +
Private Yard To Rear - Chain Free +
999 Year Lease From 1990 +
Council Tax Band A +
Energy Rating D +

TWO BEDROOM FIRST FLOOR FLAT NEWLY DECORATED & READY TO MOVE INTOIDEAL FIRST TIME BUY SPACIOUS KITCHEN WITH APPLIANCES PRIVATE YARD TO REARWALKING DISTANCE TO SHOPS - SCHOOLS - BUS SEVICES & METRO STATION CHAIN FREE

MODERN BATHROOM WITH FOUR PIECE SUITE 999 YEAR LEASE FROM 23/03/1990COUNCIL TAX BAND A ENERGY RATING D

Entrance - UPVc door into entrance lobby, stairs to first floor landing.

Living Room - 4.20 x 3.34 + alcoves - UPVc double glazed window, radiator, decorative coving, fire surround with inset gas fire, and laminate flooring.

Kitchen - 3.94 x 2.92 - UPVc double glazed window, and radiator. UPVc door to the rear external staircase, part tiled walls, and fitted with a range of floor and wall units, counters and sink, gas hob with an extractor hood over and an electric oven, integrated dishwasher.

Bathroom - 3.35 x 2.28 - UPVc double glazed window, and heated towel rail, part tiled walls and refitted with a white suite including a shower cubicle, and vanity housing around the sink.

Bedroom 1 - 4.26 x 3.02 - UPVc double glazed window, and radiator.

Bedroom 2 - 2.64 x 2.07 - UPVc double glazed window, and radiator.

Externally - There is a private yard to the rear.

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1800 Mbps Upload: 220 Mbps
Mobile: EE>Likely Three> Likely 02>Limited Vodafone>Limited
Mobile: 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 risk.
Surface water: Medium Risk.

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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