3 Bed Semi-Detached House, Single Let, Gateshead, NE11 9XH, £145,000

56 REDESDALE GARDENS DUNSTON HILL GATESHEAD TYNE AND WEAR NE11 9XH - 2 views - 2 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£50K - £315K
Sold Prices/m²£694/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£179,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£675 - £3,500

Rent Estimate

£843

Running Costs/mo

£642

Cashflow/mo

£201

Cashflow/yr

£2,415

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £50K to £315K, average is £172K. £694/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£120K04/210.02 mi6, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£162K05/210.09 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£292K10/200.09 mi85, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£199K01/210.09 mi58, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£150K10/230.1 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220.1 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K12/200.1 mi27, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210.1 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£245K01/240.11 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£135K06/210.11 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230.11 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230.11 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£190K01/230.11 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£210K10/220.11 mi24, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£182K11/220.12 mi45, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.12 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£195K01/210.12 mi3, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.12 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£180K08/230.12 mi6, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£170K01/210.12 mi28a, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£147K08/210.13 mi7, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£155K01/210.13 mi47, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£158K03/230.14 mi20, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£172K05/210.14 mi28, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£152K02/210.14 mi36, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£220K10/210.15 mi13, Hillcrest Drive, Gateshead, Tyne And Wear NE11 9QS3
£172K01/240.16 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£181K10/220.16 mi62, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£275K12/220.16 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£170K07/210.17 mi43, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£137K07/230.17 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£135K06/210.18 mi25, King George Avenue, Gateshead, Tyne And Wear NE11 9UP3
£150K03/230.19 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£140K10/230.19 mi17, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£176K10/230.19 mi18, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£212.5K11/200.19 mi11, Deneside, Gateshead, Tyne And Wear NE11 9QN3
£295K09/230.19 mi34, Hillside, Dunston, Gateshead, Tyne And Wear NE11 9QR3
£220K05/220.19 mi31, Hillside, Dunston, Gateshead, Tyne And Wear NE11 9QR3
£215K01/210.19 mi14, Hillside, Dunston, Gateshead, Tyne And Wear NE11 9QR3
£159.9K10/210.21 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.21 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£50K12/200.22 mi14, Knightside Gardens, Gateshead, Tyne And Wear NE11 9RL3
£293.8K07/230.22 miTreen, Dunston Bank, Gateshead, Tyne And Wear NE11 9QA3
£148K12/200.22 mi2, Cypress Crescent, Gateshead, Tyne And Wear NE11 9UY3
£185K04/210.23 mi15, Bracken Drive, Gateshead, Tyne And Wear NE11 9QP3
£300K01/240.23 mi22, Bracken Drive, Gateshead, Tyne And Wear NE11 9QP3
£190K07/240.23 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3
£310K03/210.24 mi5, Park Avenue, Gateshead, Tyne And Wear NE11 9QE3
£315K05/210.24 mi11, Park Avenue, Gateshead, Tyne And Wear NE11 9QE3
£265K08/220.25 mi8, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3

Local Rents

40 rents from £675/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£89503/250.25 mi-3
£89506/240.26 mi-3
£83303/250.37 mi-3
£87512/240.38 mi-3
£1,30006/240.45 mi-3
£99507/240.46 miMalvern Gardens, Lobley Hill, Gateshead3
£90003/250.53 mi-3
£99504/240.55 mi-3
£1,05005/240.66 miHawthorn House, Lobley Hill3
£1,20011/240.66 mi-3
£1,25001/250.66 mi-3
£1,30006/240.66 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£1,25007/240.7 miRopery Road, Gateshead, NE83
£79505/240.75 miPinewood Gardens, Lobley Hill3
£99506/240.83 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3
£1,10006/240.86 miTrinity Courtyard, The Staiths, Gateshead, NE83
£95005/240.87 mi-3
£1,10002/250.87 mi-3
£99506/240.88 miBittern Close, Dunston, NE113
£89512/240.89 miBittern Close, Gateshead, Tyne and Wear, NE11 9FG3
£85006/240.91 miThe Drive, Whickham, Newcastle Upon Tyne, NE163
£85007/240.91 mi-3
£1,00007/240.91 miAbbeyfield Close, Gateshead3
£3,50003/250.91 mi-3
£90007/240.93 miMay Courtyard, Shrove Pass, Gateshead, NE83
£1,60006/240.93 mi-3
£75005/240.96 miBroadpool Green, Whickham, Newcastle upon Tyne, Tyne and Wear, NE16 4RH3
£1,02006/240.97 miJuly Court Yard, Sunny Side South, Gateshead, NE83
£1,00007/240.97 miNorthside, The Staithes, Dunston3
£67507/240.98 miVictoria Road, Gateshead, NE83
£99507/240.99 mi-3
£99507/240.99 miHeritage Close, Gateshead, NE83
£2,90006/241 mi-3
£3,10003/251 mi-3
£90011/231.04 mi-3
£95007/241.11 miThe Staithes, Gateshead3
£95007/241.11 miThe Staithes, Gateshead3
£85007/241.18 miTynemouth Pass, Gateshead, Tyne and Wear, NE83
£95006/241.22 miGateshead3
£99512/231.24 mi-3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.41 miles away

Nearest school

0.40 miles away

Nearest train station

0.35 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £145,000

February 10, 2025

Description

  • THREE DOUBLE BEDROOMS +
  • FABULOUS VIEWS +
  • SEMI DETACHED HOUSE +
  • NO UPPER CAHIN +
  • SUBJECT TO PROBATE +
  • EPC RATING TBC +
  • COUNCIL TAX BAND B +
  • CUL-DE-SAC LOCATION +

Nestled in the area of Redesdale Gardens, Dunston Hill, Gateshead, this delightful semi-detached house presents an excellent opportunity for families and individuals alike. The property boasts three well-proportioned bedrooms.

Set in a pleasant neighbourhood, this property offers a wonderful blend of tranquillity and accessibility. Residents can enjoy the benefits of local amenities, schools, and parks, all within a short distance. This semi-detached house is not just a place to live; it is a place to create lasting memories. Whether you are looking to make your first home or seeking a new family residence, this property is sure to meet your needs. Do not miss the chance to view this lovely home in a sought-after location.

Ground Floor -

Lobby - Entered via a double glazed door, radiator.

Lounge - 3.94m x 4.27m (12'11 x 14') - Double glazed window, radiator, dado rail.

Kitchen Diner - 2.87m x 5.05m (9'5 x 16'7) - Two double glazed windows, radiator, storage cupboard, wall, base and drawer units with work tops, plumbed for washing machine, gas point.

Utility/Store Room - 3.81m x 1.68m (12'6 x 5'6) - Door leading to the garden.

Garage - 3.58m x 4.80m (11'9 x 15'9) - Storage cupboard, roller garage door.

First Floor Landing -

Bedroom One - 3.33m x 3.99m (10'11 x 13'1) - Double glazed window, radiator.

Bedroom Two - 4.80m x 3.78m narrowing to 2.41m (15'9 x 12'5 narr - Two double glazed windows, radiator.

Bedroom Three - 2.82m x 3.81m (9'3 x 12'6) - Double glazed window, radiator.

Seperate Wc - Low level wc.

Wet Room - Double glazed window, storage cupboard housing the combi boiler, wash hand basin, wall fitted shower attachment.

Externally -

Front - Garden and drive to the front providing off street parking.

Rear - Enclosed garden to the rear staggered.

Mortgages - Why not make an appointment to speak to our Independent Mortgage Adviser?

PLEASE NOTE:
Your home may be repossessed if you do not keep up repayments on your mortgage.

Oracle Financial Planning Limited will Pay Rickard 1936 Ltd a referral fee on completion of any mortgage application

Tenure: - WE UNDERSTAND THE PROPERTY IS FREEHOLD. HOWEVER, WE ARE NOT QUALIFIED TO VERIFY THE TENURE ON ANY PROPERTY AND YOUR SOLICITOR SHOULD BE CONSULTED REGARDING THIS.

Material Information Ashington - Material information is no substitute for professional advice, and consumers should be aware that the information collected may not accurately reflect the full extent of the property condition which would be covered through a home survey.

Efforts have been made to ascertain as much information as possible with regards to material information but this information is not exhaustive and cannot be fully relied upon, purchasers will need to seek further clarification from their legal advisor.

Electricity Supply - Mains
Water Supply - Mains
Sewerage Supply - Mains
Heating - Mains GCH
Broadband - Available - Including Ultrafast broadband. (Ofcom Broadband checker January 2025)

Flood Risk - River and Sea - Low Risk

Coalfield & Mining Areas - The Coal Authority indicate that this property is located on coalfield. Your legal advisor will be able to advise you of any implications of this.

There has been no failed transactions on the property, please contact us should you wish further information.

Standard Information - These particulars are produced in good faith, and are set out as a general guide only, they do not constitute part or all of an offer or contract.

The measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense. No apparatus, equipment, fixtures, fittings or services have been tested and it is the buyer’s responsibility to seek confirmation as to the working condition of any appliances.

Fixtures and fittings that are specifically mentioned in these particulars are included in the sale, all others in the property are specifically excluded.
Photographs are produced for general information and it must not be inferred that any item is included for sale within the property.

Viewing - BY APPOINTMENT WITH OUR ASHINGTON OFFICE / . 6499a

Agent Details

Rickard Chartered Surveyors & Estate Agents, Ashington

01670 332354

Next Steps?

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