3 Bed Semi-Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE15 9PN, £140,000

The Willows, Newcastle Upon Tyne, NE15 9PN - 2 views - a month ago

Sold STC
Cash
ROI: 4%
~93 m²
+20 photos

ValuationFair Value

Sold Prices£85K - £242.5K
Sold Prices/m²£1.1K/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£138,146

 

 

End Value (After Refurb)

£140,101

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£35,814

Bridging Loan Interest

£3,675

Total Cash In

£81,639

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,101

Mortgage (After Refinance)

£105,076

Mortgage LTV

75%

Cash Released

£76

Cash Left In

£81,563

Equity

£35,025

Rent Range

£695 - £1,250

Rent Estimate

£909

Running Costs/mo

£640

Cashflow/mo

£269

Cashflow/yr

£3,233

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £85K to £242.5K, average is £135K. £1.1K/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£150K02/230 mi19, The Willows, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PN3
£126K08/230 mi13, The Willows, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PN3
£135K02/240 mi14, The Willows, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PN3
£135K02/240 mi14, The Willows, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PN3
£128K05/230.04 mi1, The Wynd, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PY3
£102K12/220.07 mi37, The Willows, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9PP3
£119K02/210.13 mi14, Broomy Hill Road, Newcastle Upon Tyne, Tyne And Wear NE15 9NT3
£175K07/210.17 mi15, Winshields Way, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9QN3
£109K08/230.19 mi15, Hewley Crescent, Newcastle Upon Tyne, Tyne And Wear NE15 9AT3
£90K01/210.2 mi3, Hallow Drive, Newcastle Upon Tyne, Tyne And Wear NE15 9AQ3
£145K07/230.2 mi20, Richard Browell Road, Newcastle Upon Tyne, Tyne And Wear NE15 9AS3
£85K12/230.2 mi8, Richard Browell Road, Newcastle Upon Tyne, Tyne And Wear NE15 9AS3
£105K05/240.2 mi6, Richard Browell Road, Newcastle Upon Tyne, Tyne And Wear NE15 9AS3
£185K01/230.22 mi80, Broomy Hill Road, Newcastle Upon Tyne, Tyne And Wear NE15 9LR3
£102K08/230.23 mi280, Newburn Road, Newcastle Upon Tyne, Tyne And Wear NE15 9AD3
£127K10/220.23 mi209, Newburn Road, Newcastle Upon Tyne, Tyne And Wear NE15 9AE3
£107.5K03/210.25 mi5, Fosse Law, Newcastle Upon Tyne, Tyne And Wear NE15 9AR3
£189K11/220.25 mi84, Broomy Hill Road, Newcastle Upon Tyne, Tyne And Wear NE15 9LR3
£242K10/220.26 mi1, Coach Road, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9JT3
£150K11/210.27 mi7, Stuart Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9LS3
£159.5K05/240.27 mi16, Stuart Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9LS3
£160K06/210.27 mi96, Broomy Hill Road, Newcastle Upon Tyne, Tyne And Wear NE15 9LP3
£132K02/210.29 mi10, Coach Road, Newcastle Upon Tyne, Tyne And Wear NE15 9JT3
£228.6K01/230.29 mi1a, Coach Road, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9JT3
£145K04/240.3 mi21, Stuart Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9LT3
£92.5K02/210.31 mi2, Vallum Road, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9AL3
£176.5K10/210.32 mi85, Coquet Grove, Newcastle Upon Tyne, Tyne And Wear NE15 9LH3
£180K02/230.32 mi90, Coquet Grove, Newcastle Upon Tyne, Tyne And Wear NE15 9LH3
£149K12/230.32 mi79, Coquet Grove, Newcastle Upon Tyne, Tyne And Wear NE15 9LH3
£160K08/210.33 mi13, Wellfield Close, Newcastle Upon Tyne, Tyne And Wear NE15 9JL3
£125K02/240.33 mi1, Hadrian Place, Newcastle Upon Tyne, Tyne And Wear NE15 9BU3
£126K12/220.33 mi5, Briar Lane, Newcastle Upon Tyne, Tyne And Wear NE15 9AP3
£185K10/230.33 miDunraven, Hexham Road, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9EB3
£118K12/200.35 mi17, Wilsway, Newcastle Upon Tyne, Tyne And Wear NE15 9LJ3
£176.8K07/230.36 mi17, Woodlands, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9LE3
£128K01/230.37 mi7, Hexham Road, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9BT3
£181.2K12/230.38 mi57, Coquet Grove, Newcastle Upon Tyne, Tyne And Wear NE15 9LD3
£104K01/210.38 mi13, Brampton Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9HA3
£135K02/230.38 mi8, Brampton Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9HA3
£133K04/240.39 mi26, Ambleside, Newcastle Upon Tyne, Tyne And Wear NE15 9HD3
£167K11/210.39 mi8, Wesley Way, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9DP3
£157.9K05/210.41 mi1, Coquet Grove, Newcastle Upon Tyne, Tyne And Wear NE15 9JU3
£236K04/210.41 mi9, North Farm Court, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9DW3
£242.5K07/230.41 mi7, North Farm Court, Throckley, Newcastle Upon Tyne, Tyne And Wear NE15 9DW3
£135K01/230.43 mi28, Alston Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9HQ3
£120.5K07/230.45 mi97, Westway, Newcastle Upon Tyne, Tyne And Wear NE15 9HN3
£117K08/240.47 mi1, Finchale Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 9HS3
£123K12/220.47 mi24, Northway, Newcastle Upon Tyne, Tyne And Wear NE15 9HP3
£215K12/200.48 mi119, Hexham Road, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9DU3
£135K02/210.48 mi139, Hexham Road, Newcastle Upon Tyne, Tyne And Wear NE15 9DU3
£186.5K05/210.48 mi111, Hexham Road, Walbottle, Newcastle Upon Tyne, Tyne And Wear NE15 9DU3

Local Rents

20 rents from £695/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90006/240.15 miLeazes Parkway, Throckley, Newcastle Upon Tyne3
£92507/240.2 miThrockley, Newcastle upon Tyne, NE15 9AQ3
£85003/230.25 mi-3
£90007/240.26 miRavensburn Walk, Throckley3
£69506/240.3 miSt Marys Place, Throckley3
£85007/240.43 mi-3
£1,20005/240.55 mi-3
£1,00001/240.72 mi-3
£1,10002/250.72 mi-3
£1,00003/250.77 mi-3
£1,00005/240.77 miDene Terrace, Walbottle, Newcastle Upon Tyne3
£87510/240.83 mi-3
£79507/240.9 mi-3
£79506/240.9 miChurch Road, Newburn, Newcastle Upon Tyne, NE153
£79506/240.9 miChurch Road, Newburn, Newcastle Upon Tyne, NE153
£99505/240.94 miMill Vale, Newcastle Upon Tyne3
£69505/241.05 miRyton Village East, Ryton3
£95006/241.05 miMallard Way, Newcastle upon Tyne, NE153
£90005/241.15 miMay Avenue, Ryton3
£1,25005/241.16 mi-3

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

4 miles away

Nearest school

0.50 miles away

Nearest train station

2.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £140,000

February 10, 2025

Description

  • Three bedroom semi-detached +
  • Off-road parking +
  • Utility +
  • Dining space +
  • Modern family bathroom +
  • Spacious kitchen +
  • Generous outside space +
  • Close to amenities +
  • Excellent transport links +

New to the sales market is this fabulous THREE bedroom semi-detached house in Throckley, Newcastle Upon Tyne, which has been maintained to a very good standard throughout by the current owners. With a generous outside space, off-road parking and a FREEHOLD tenure, this larger style home has plenty to offer the growing family.

Entrance from the well maintained, landscaped and walled garden including a drive, for access to the spacious living room, dining space and kitchen with breakfasting area and a very handy utility which exits to the rear garden.

To the first floor are the three very good sized bedrooms, and the modern family bathroom.

Externally to the front is the drive and mainly lawned garden which is bordered by walls and mature shrubs. To the rear is the secure garden, which will without doubt provide a very desirable and secure outside space for children, and for relaxing during those long summer evenings.

If you would like to make an Offer:

Please note that Target Property NE will immediately notify the seller when any offer is made on this property. At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.

Tenure:

Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale. Prospective buyers must always make appropriate and further enquiries with their own legal adviser.

Agent Details

Target Property NE, Whickham

07901 862377

Next Steps?

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

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