2 Bed Flat, Single Let, Washington, NE37 1DQ, £77,000

77 Donvale Road, Washington, UK - 2 months ago

Sold STC

Leasehold

BTL

ROI: 12%

77 m²

+5 photos

ValuationUndervalued

Sold Prices	£40K - £156K
Sold Prices/m²	£867/m² - £24.2K/m²

Square Metres	77 m²
Price/m²	£1K/m²
Value Estimate	£92,400£92,400
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£19,250£19,250
Stamp Duty & Legal Fees	£5,050£5,050
Total Cash In	£24,300£24,300

Cash Out
Rent Range	£550 - £850£550 - £850
Rent Estimate	£628
Running Costs/mo	£386£386
Cashflow/mo	£242£242
Cashflow/yr	£2,901£2,901
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

23 sold prices from £40K to £156K, average is £71K. £867/m² to £24.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	07/23	0.01 mi	40, Donvale Road, Washington, Tyne And Wear NE37 1DQ	£1,128	58	2	Flat
£72.5K	12/23	0.32 mi	30, Burnway, Washington, Tyne And Wear NE37 1BQ	£1,343	54	2	Flat
£67K	12/23	0.32 mi	40, Burnway, Washington, Tyne And Wear NE37 1BQ	-	-	2	Flat
£60K	09/22	0.36 mi	8, Brackenway, Washington, Tyne And Wear NE37 1AW	£1,071	56	2	Flat
£62K	05/23	0.36 mi	10, Brackenway, Washington, Tyne And Wear NE37 1AW	£1,550	40	2	Flat
£71K	01/23	0.38 mi	37, Burnway, Washington, Tyne And Wear NE37 1BQ	£1,325	54	2	Flat
£74K	04/23	0.44 mi	8, Fell Close, Washington, Tyne And Wear NE37 1AX	-	-	2	Flat
£40K	06/23	0.48 mi	14, Mardale, Washington, Tyne And Wear NE37 1TH	-	-	2	Flat
£79.5K	07/22	0.53 mi	64, Lingmell, Washington, Tyne And Wear NE37 1TT	-	-	2	Flat
£50K	11/22	0.58 mi	1, Lingmell, Washington, Tyne And Wear NE37 1TN	-	-	2	Flat
£59.5K	02/21	0.6 mi	8, Lingmell, Washington, Tyne And Wear NE37 1TN	£1,102	54	2	Flat
£90K	08/21	0.61 mi	15, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH	£1,667	54	2	Flat
£90K	08/21	0.61 mi	15, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH	£1,667	54	2	Flat
£156K	08/23	0.61 mi	2, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH	£1,805	86	2	Flat
£72.5K	02/23	0.64 mi	24, Drumaldrace, Washington, Tyne And Wear NE37 1SR	£24,167	3	2	Flat
£63.1K	11/20	0.64 mi	3, Drumaldrace, Washington, Tyne And Wear NE37 1SR	£1,539	41	2	Flat
£85K	09/23	0.64 mi	55, Grizedale, Washington, Tyne And Wear NE37 1TZ	£1,667	51	2	Flat
£80.5K	10/22	0.67 mi	6, Drumaldrace, Washington, Tyne And Wear NE37 1SR	-	-	2	Flat
£80K	11/22	0.68 mi	34, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ	£941	85	2	Flat
£70K	08/23	0.75 mi	34, Westernmoor, Washington, Tyne And Wear NE37 1LP	£1,129	62	2	Flat
£55K	04/23	0.96 mi	43, Laurens Court, Washington, Tyne And Wear NE37 2EE	£982	56	2	Flat
£107K	11/20	0.98 mi	9, Thomas Street, Eighton Banks, Gateshead, Tyne And Wear NE9 7YA	£1,814	59	2	Flat
£52K	08/23	0.99 mi	98, Bamburgh Close, Washington, Tyne And Wear NE38 0HR	£867	60	2	Flat

Local Rents

10 rents from £550/mo to £850/mo, average is £735/mo.

Rent	Date	Distance	Address	Beds	Type
£800	05/24	0.27 mi	Donridge, Washington, Tyne and Wear, NE37 1EW	2	Flat
£550	05/24	0.33 mi	-	2	Flat
£775	02/24	0.41 mi	-	2	Terraced House
£675	06/24	0.43 mi	Kings Terrace, Springwell Village	2	Terraced House
£850	07/24	0.44 mi	Wingrove Terrace, Springwell, Gateshead	2	Terraced House
£625	05/24	0.53 mi	-	2	Flat
£825	04/24	0.55 mi	-	2	Semi-Detached House
£650	11/24	0.55 mi	-	2	Semi-Detached House
£695	06/24	0.56 mi	Coach Road Estate, Washington	2	Semi-Detached House
£775	06/24	0.56 mi	Albion Terrace, Gateshead	2	Terraced House

Local Area Statistics

Population in NE37	21,03221,032
Population in Washington	52,26452,264
Town centre distance	1.30 miles away1.30 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.50 miles away2.50 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+71%+71%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £77,000

February 10, 2025

Floor Plans

Description

2 Bedroom Flat +
Beautiful Modern Decor +
Modern Bathroom +
Fitted Kitchen +
Private rear garden +
Leasehold +
Close to schools, local amenities and local transport +
Front & Rear Gardens +

Riverside Residential welcomes to the sales market this spacious and well-presented two-bedroom ground floor flat, situated on the ever-popular Donvale Road, Donwell. The property features a large lounge, a modern kitchen and bathroom, and a generous rear garden.

This stylish two-bedroom ground-floor flat offers modern living, with a large private garden and modern interiors. The spacious lounge is filled with natural light, while the kitchen provides direct access to the garden. Both bedrooms are well-sized, and the modern shower room is finished to a high standard.

Additionally, the property benefits from a secure communal entrance with an intercom system, double glazing throughout, and gas central heating.

Lounge - 14' 1'' x 12' 2'' (4.29m x 3.71m)
A spacious and stylish lounge, flooded with natural light from a large window. The room features a modern, neutral décor and provides ample space for seating, creating a comfortable living area.

Kitchen - 11' 4'' x 8' 11'' (3.45m x 2.72m)
A modern kitchen with a range of wall and base units, black worktops, and a stylish tiled splashback. Equipped with an electric oven, electric hob, and overhead extractor, with sufficient space for white goods. A rear door provides direct access to the private garden.

Bedroom 1 - 11' 2'' x 9' 8'' (3.40m x 2.94m)
A generously sized master bedroom featuring neutral décor, wood-effect flooring, and ample space for a double bed and additional furniture. The large window allows plenty of natural light.

Bedroom 2 - 8' 9'' x 8' 2'' (2.66m x 2.49m)
A versatile second bedroom that can serve as a guest room, nursery, or home office. Features neutral décor, a large window, and wood-effect flooring.

Shower Room
A modern and stylish shower room, complete with a walk-in shower, glass screen, modern tiling, and a white suite comprising a wash basin, WC, and vanity storage.

Externally
This property benefits from a low maintenance front garden with small lawn and a private rear garden, featuring a raised decked seating area, artificial lawn, and decorative gravel borders-creating a perfect, low-maintenance outdoor space for relaxation and entertaining.

Location
Donwell is conveniently located within a short drive of major motorways, the A1 and A19, making it ideal for commuters. The area is also centrally positioned near a local bus depot, shops, bars, and restaurants. For golf enthusiasts, the George Washington Golf Course and driving range are within walking distance

Council Tax Band: Band A (Sunderland Council)
Tenure: Leasehold (90 years)
Ground Rent: £10 per year
Service Charge: £97 per month