2 Bed Terraced House, Single Let, Gateshead, NE9 7JT, £60,000

Victoria Terrace, Wrekenton, NE9 7JT - a month ago

Sold STC
Leasehold
Auction
BTL
ROI: 20%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£49.5K - £250K
Sold Prices/m²£669/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£600 - £900

Rent Estimate

£634

Running Costs/mo

£334

Cashflow/mo

£300

Cashflow/yr

£3,600

ROI

20%

Gross Yield

13%

Local Sold Prices

51 sold prices from £49.5K to £250K, average is £122.5K. £669/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£85K11/220.01 mi1, Victoria Terrace, Wrekenton, Gateshead, Tyne And Wear NE9 7JT2
£65K01/240.06 mi5, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JU2
£100K11/220.08 mi13, Marlborough Crescent, Gateshead, Tyne And Wear NE9 7JY2
£95K06/210.16 mi16, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£123K08/230.16 mi8, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£115K02/240.16 mi12, Easington Avenue, Gateshead, Tyne And Wear NE9 7LH2
£120K04/230.19 mi76, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JX2
£145K10/230.3 mi34, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JD2
£117.5K12/200.31 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£148K12/220.31 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£141.5K04/240.31 mi2, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£120.5K06/210.32 mi12, Stainton Gardens, Gateshead, Tyne And Wear NE9 7EH2
£105K07/240.33 mi23, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YH2
£107.5K09/210.35 miAshleigh, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JE2
£95K05/210.39 mi56, Binsby Gardens, Gateshead, Tyne And Wear NE9 7HR2
£167.8K01/230.41 mi11, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£75K12/200.42 mi3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA2
£190K10/230.43 mi15, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£116K05/230.44 mi17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD2
£105K12/200.44 mi91, Easedale Gardens, Gateshead, Tyne And Wear NE9 6PZ2
£129.7K04/210.46 mi106, Easedale Gardens, Gateshead, Tyne And Wear NE9 6PX2
£100K12/200.46 mi11, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£120K03/230.47 mi15, Harewood Green, Gateshead, Tyne And Wear NE9 7BZ2
£103K06/210.48 mi2, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6YS2
£122K10/210.5 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£130K08/230.5 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£120K03/230.51 mi15, Troutbeck Gardens, Gateshead, Tyne And Wear NE9 6PU2
£136K05/230.51 mi35, Troutbeck Gardens, Gateshead, Tyne And Wear NE9 6PU2
£140K04/230.54 mi2, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NN2
£121.8K01/240.54 mi63, Brampton Gardens, Gateshead, Tyne And Wear NE9 6PT2
£121.8K01/240.54 mi63, Brampton Gardens, Gateshead, Tyne And Wear NE9 6PT2
£120K11/200.57 mi11, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£125K04/230.57 mi8, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£49.5K11/220.57 mi39, Gorsehill, Gateshead, Tyne And Wear NE9 6SE2
£122.5K04/210.57 mi10, Carlisle Place, Gateshead, Tyne And Wear NE9 6YW2
£198.5K10/200.58 mi63, Beechwood Avenue, Gateshead, Tyne And Wear NE9 6PP2
£155K09/230.58 mi80, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA2
£179.9K01/210.58 mi8, Birchfield Gardens, Gateshead, Tyne And Wear NE9 7TJ2
£200K01/210.58 mi15, Birchfield Gardens, Gateshead, Tyne And Wear NE9 7TJ2
£155K01/230.6 mi4, Brown Crescent, Gateshead, Tyne And Wear NE9 7EX2
£185K07/210.6 mi7, Rotherfield Gardens, Gateshead, Tyne And Wear NE9 7TL2
£250K07/240.6 mi5, Rotherfield Gardens, Gateshead, Tyne And Wear NE9 7TL2
£112K10/230.61 mi116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN2
£88K08/210.62 mi14, Topcliffe Green, Gateshead, Tyne And Wear NE9 7HU2
£158K03/210.63 mi36, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£170K02/230.63 mi32, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£220K09/230.63 mi4, Loweswater Road, Gateshead, Tyne And Wear NE9 6TN2
£197.5K11/210.64 mi18, Whinlatter Gardens, Gateshead, Tyne And Wear NE9 6TJ2
£185.5K04/230.67 mi20, Lanthwaite Road, Gateshead, Tyne And Wear NE9 6TL2
£190K02/230.68 mi38, Southend Road, Gateshead, Tyne And Wear NE9 6XT2
£161K03/230.69 mi1, Buttermere Gardens, Gateshead, Tyne And Wear NE9 6TP2

Local Rents

13 rents from £600/mo to £900/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£62512/230.05 mi-2
£69502/240.07 mi-2
£68508/230.24 mi-2
£65006/240.28 miChopwell Gardens, Wrekenton, Gateshead, NE92
£75006/240.38 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.38 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£77506/240.42 miPenrith Gardens, Low Fell2
£80007/240.42 miGalloping Green Road, Gateshead2
£90006/240.43 miHilldyke, Eighton Banks, Gateshead, NE92
£60006/240.48 miGrisedale Gardens, Low Fell, Gateshead, NE92
£65012/240.52 mi-2
£79506/240.53 miCypress Road, Eighton Banks, NE92
£90006/240.62 miBeechwood Avenue, Low Fell2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £60,000

February 12, 2025

Floor Plans

Description

  • Two Bedrooms +

  • Fitted Kitchen +

  • Rear Yard / Off Street Parking +

  • Council Tax Band A +

  • EPC Rating E +

FOR SALE BY ONLINE AUCTION ENDING 26TH FEBRUARY 2025 AT 2PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.

This mid terraced home will appeal to a wide range of potential purchasers including first time buyers, investors and those simply seeking to down-size. The living space includes a spacious lounge, fitted kitchen, downstairs bathroom and two bedrooms. Externally, an enclosed yard lies to the rear which provides space for off street parking if required. The location offers convenient access to local shopping facilities and amenities as well as for access to transport routes and services.

Agent Details

Sarah Mains, Auction

0191 487 0011

Next Steps?

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