3 Bed Flat, Single Let, Newcastle upon Tyne, NE4 5JP, £65,000

111, Beaconsfield Street, Newcastle upon Tyne NE4 5JP - 8 views - 2 months ago

Leasehold
BTL
ROI: 29%
64 m²
+3 photos

ValuationUndervalued

Sold Prices£35K - £1.2M
Sold Prices/m²£470/m² - £12.3K/m²

 

 

Square Metres

64 m²
Price/m²£1K/m²

Value Estimate

£78,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£750 - £3,600

Rent Estimate

£894

Running Costs/mo

£402

Cashflow/mo

£492

Cashflow/yr

£5,905

ROI

29%

Gross Yield

17%

Local Sold Prices

50 sold prices from £35K to £1.2M, average is £102.5K. £470/m² to £12.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K09/220.14 mi19, Bishops Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 5NJ3
£92.5K09/230.38 mi219, Wingrove Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9AB3
£128K06/210.41 mi18, Spring Garden Lane, Newcastle Upon Tyne, Tyne And Wear NE4 5TD3
£135K09/230.6 mi38, Belle Grove West, Newcastle Upon Tyne, Tyne And Wear NE2 4LU3
£60K06/230.68 mi153, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AJ3
£85K02/230.68 mi163, Hampstead Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AB3
£77K10/230.72 mi31, Ladykirk Road, Newcastle Upon Tyne, Tyne And Wear NE4 8AH3
£153K09/230.74 mi46, Claremont Road, Newcastle Upon Tyne, Tyne And Wear NE2 4AN3
£140K04/210.74 mi18, Claremont Road, Newcastle Upon Tyne, Tyne And Wear NE2 4AN3
£269K12/200.77 mi4a, St Thomas Terrace, Newcastle Upon Tyne, Tyne And Wear NE1 4LQ3
£140K01/230.78 mi54, The Chare, Newcastle Upon Tyne, Tyne And Wear NE1 4DD3
£126.5K11/220.79 mi20b, Clayton Street West, Newcastle Upon Tyne, Tyne And Wear NE1 5BX3
£105.5K12/220.81 mi61, West Road, Newcastle Upon Tyne, Tyne And Wear NE4 9PX3
£75K11/220.83 mi10, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA3
£35K02/210.86 mi122, Colston Street, Newcastle Upon Tyne, Tyne And Wear NE4 8UN3
£220K04/211.11 miApartment 134, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear NE1 3AD3
£365K07/231.16 miP17, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear NE1 6BJ3
£163.5K04/241.2 mi8, Sloane Court, Newcastle Upon Tyne, Tyne And Wear NE2 4PF3
£90K07/221.29 mi62, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£105K09/221.29 mi359, Two Ball Lonnen, Newcastle Upon Tyne, Tyne And Wear NE4 9SA3
£108K04/231.29 mi46, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£68K11/231.29 mi30, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA3
£80K01/211.29 mi118, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QB3
£82K03/211.3 mi182, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£96.5K10/211.3 mi164, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£95K01/231.3 mi182, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£82K03/211.3 mi184, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QD3
£95K11/221.32 mi4, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS3
£380K10/211.33 miFlat 2, 14, Burdon Terrace, Newcastle Upon Tyne, Tyne And Wear NE2 3AE3
£148K01/211.34 miApartment 19, Rialto, Melbourne Street, Newcastle Upon Tyne, Tyne And Wear NE1 2JR3
£1.2M01/211.36 miAbbot Memorial Building, 46, Princess Mary Court, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3BG3
£515K09/231.39 mi28a, Clayton Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 4RQ3
£395K02/211.41 mi30, Love Lane, Newcastle Upon Tyne, Tyne And Wear NE1 3DW3
£120K03/211.42 mi14, Shield Street, Newcastle Upon Tyne, Tyne And Wear NE2 1XP3
£70K07/221.44 mi18, Baker Gardens, Dunston, Gateshead, Tyne And Wear NE11 9HA3
£100K02/211.45 mi24, Coppice Way, Newcastle Upon Tyne, Tyne And Wear NE2 1XS3
£90.1K06/221.46 mi26, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HS3
£270K04/231.5 mi74, Fairfield Road, West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3BY3
£88K06/221.53 mi71, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£57K06/211.53 mi71, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£85K10/201.53 mi79, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AD3
£257.5K10/201.55 mi3, Granville Road, Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 1TP3
£220K06/211.59 mi11, Ashleigh Grove, West Jesmond, Newcastle Upon Tyne, Tyne And Wear NE2 3DJ3
£325K11/211.6 mi29, Osborne Road, Newcastle Upon Tyne, Tyne And Wear NE2 2AH3
£200K11/201.6 mi31a, Osborne Road, Newcastle Upon Tyne, Tyne And Wear NE2 2AH3
£100K02/211.62 mi72, Kelvin Grove, Newcastle Upon Tyne, Tyne And Wear NE2 1RL3
£74K08/211.62 mi26, Renforth Street, Gateshead, Tyne And Wear NE11 9BE3
£190K02/211.63 mi46, Oakland Road, Newcastle Upon Tyne, Tyne And Wear NE2 3DR3
£75K08/221.64 mi37, Ravensworth Road, Gateshead, Tyne And Wear NE11 9AB3
£84K12/201.71 mi80, Haig Street, Gateshead, Tyne And Wear NE11 9BN3

Local Rents

50 rents from £750/mo to £3.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£98004/250.04 mi-3
£90006/240.06 mi-3
£90006/240.06 miBaxterwood Grove, Newcastle Upon Tyne, NE43
£85005/240.06 mi-3
£1,23807/240.07 miBeaconsfield Street, Newcastle Upon Tyne3
£2,30005/240.1 mi-3
£2,30006/240.1 mi-3
£1,04005/240.16 mi£80pppw - Croydon Road, Fenham, NE43
£97505/240.19 mi-3
£97504/250.19 mi-3
£3,50004/250.2 mi-3
£1,20006/240.21 mi-3
£3,50004/250.22 mi-3
£91005/240.24 miGainsborough Grove, Newcastle Upon Tyne, NE43
£1,28712/240.24 miGainsborough Grove, Newcastle Upon Tyne, NE43
£84512/240.24 miGainsborough Grove,Arthurs Hill,Newcastle Upon Tyne,NE43
£1,28706/240.24 miGainsborough Grove,Arthurs Hill,Newcastle Upon Tyne,NE43
£75005/240.24 mi-3
£1,20007/240.24 miGainsborough Grove, Fenham3
£99505/240.24 miDilston Road, Newcastle Upon Tyne, NE43
£1,23512/240.24 miDilston Road, Newcastle Upon Tyne, NE43
£1,28703/240.24 miDilston Road, Newcastle Upon Tyne, NE43
£90006/240.25 miHartington Street, Newcastle upon Tyne3
£1,36512/240.25 miHartington Street, Newcastle Upon Tyne, NE43
£90006/240.26 miLynnwood Terrace, Newcastle Upon Tyne, NE43
£90007/240.26 mi-3
£95007/240.27 miBrighton Grove, Newcastle upon Tyne, Tyne and Wear, NE43
£99506/240.29 miLynwood Terrace, Newcastle upon Tyne3
£1,00005/240.3 miSidney Grove, Arthurs Hill, Newcastle Upon Tyne3
£1,05004/250.34 mi-3
£1,00005/240.35 mi-3
£1,25007/240.38 mi-3
£1,75506/240.4 miSpring Garden Lane, City Centre, Newcastle Upon Tyne3
£1,75507/240.4 miSpring Garden Lane, City Centre, Newcastle Upon Tyne3
£1,20010/240.4 mi-3
£1,20012/240.4 miElswick Road, Newcastle upon Tyne, Tyne and Wear, NE43
£90003/250.41 mi-3
£95012/240.42 mi-3
£1,00006/240.43 miNewcastle Upon Tyne, Newcastle Upon Tyne, NE43
£1,00006/240.43 mi-3
£1,23505/240.49 miWingrove Avenue, Newcastle Upon Tyne, NE43
£1,43006/240.49 miWingrove Avenue, Newcastle Upon Tyne, NE43
£1,10505/240.49 mi(£85pppw) Westgate Road, City Centre, NE43
£1,00004/250.49 mi-3
£1,17003/240.51 mi(£90pppw) Westgate Road, City Centre, NE43
£1,17012/240.51 mi(£90pppw) Westgate Road, City Centre, NE43
£3,60003/250.51 mi-3
£1,00006/240.53 miBelgrave Parade, Newcastle upon Tyne, Tyne and Wear, NE43
£1,23505/240.54 miBelle Grove Villas, Spital Tongues, NE23
£1,19505/240.56 miCroftsway, Newcastle Upon Tyne, NE43

Local Area Statistics

Population in NE4

37,915

Population in Newcastle upon Tyne

381,037

Town centre distance

2.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £65,000

February 13, 2025

Description

  • First floor flat +
  • No chain +
  • Three bedrooms +
  • One reception room +
  • Leasehold +
  • 95 years remaining as at January 2025 +
  • Peppercorn ground rent, no service charge +
  • Council Tax Band A +
  • EPC Rating C +

RMS Estate Agents are now in receipt of an offer for the sum of £80,000 for 111, Beaconsfield Street, Newcastle upon Tyne NE4 5JP
 
Anyone wishing to place an offer on the property should contact RMS Estate Agents Ltd, 380 West Road, Fenham, Newcastle Upon Tyne NE4 9RL, telephone number prior to exchange of contracts.
 Sold as seen with no chain is this first floor flat located in Arthurs Hill. The accommodation briefly comprises of entrance with stairs to first floor landing, lounge, kitchen, three bedrooms, rear hallway and bathroom.

Externally, there is a yard to the rear.

The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.

Early viewing is recommended.

Council Tax Band: A
EPC Rating: C

PRIMARY SERVICES SUPPLY
All services/appliances have not and will not be tested.
Electricity:  Mains 
Water:  Mains  
Sewerage:  Mains  
Heating:  Gas 
Broadband:  Fibre  
Mobile Signal Coverage Blackspot:  No 
Parking:  On Street Parking  

MINING
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any.

TENURE
It is understood that this property is leasehold. Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.

Length of Lease:   95 years remaining as at January 2025

The property is subject to a peppercorn ground rent, no service charge.

Agent Details

Rook Matthews Sayer, Fenham

0191 625 0784

Next Steps?

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