3 Bed Semi-Detached House, Single Let, Gateshead, NE11 9XE, £115,000

Monkridge Gardens, Dunston, NE11 9XE - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 10%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£50K - £292K
Sold Prices/m²£694/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£152,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£33,700

 

 

Cash Out

 

Rent Range

£833 - £1,300

Rent Estimate

£908

Running Costs/mo

£561

Cashflow/mo

£347

Cashflow/yr

£4,164

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £292K, average is £160K. £694/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£170K01/210.01 mi28a, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£245K01/240.04 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£135K06/210.04 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230.04 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230.04 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£190K01/230.04 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£275K12/220.04 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£150K10/230.07 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220.07 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K12/200.07 mi27, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210.07 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£172K01/240.07 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£50K12/200.09 mi14, Knightside Gardens, Gateshead, Tyne And Wear NE11 9RL3
£137K07/230.11 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£162K05/210.11 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£120K04/210.14 mi6, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£130K10/200.14 mi33, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£148K12/200.14 mi2, Cypress Crescent, Gateshead, Tyne And Wear NE11 9UY3
£190K07/240.15 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3
£147K08/210.15 mi7, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£155K01/210.15 mi47, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£160K07/220.16 mi13, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA3
£158K03/230.18 mi20, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£172K05/210.18 mi28, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£152K02/210.18 mi36, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£210K10/220.19 mi24, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£182K11/220.2 mi45, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.2 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£195K01/210.2 mi3, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.2 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£180K08/230.2 mi6, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£153K12/230.2 mi1, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£150K03/230.2 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£140K10/230.2 mi17, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£176K10/230.2 mi18, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£159.9K10/210.2 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.2 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£187K12/220.21 mi5, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£100K12/200.22 mi6, Wilson Street, Gateshead, Tyne And Wear NE11 9UB3
£292K10/200.22 mi85, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£199K01/210.22 mi58, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£140K01/230.23 mi130, Braeside, Gateshead, Tyne And Wear NE11 9RH3
£185K02/210.23 mi40, Holmside Avenue, Gateshead, Tyne And Wear NE11 9TJ3
£135K06/210.25 mi25, King George Avenue, Gateshead, Tyne And Wear NE11 9UP3
£155K08/230.25 mi100, Cotswold Gardens, Gateshead, Tyne And Wear NE11 9LE3
£177K08/230.25 mi96, Cotswold Gardens, Gateshead, Tyne And Wear NE11 9LE3
£181K10/220.25 mi62, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£107K02/210.25 mi4, Kensington Terrace, Gateshead, Tyne And Wear NE11 9SL3
£170K07/210.26 mi43, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£212K07/230.26 mi10, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3

Local Rents

13 rents from £833/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£95003/250.12 mi-3
£83303/250.24 mi-3
£89506/240.25 mi-3
£87512/240.26 mi-3
£99507/240.41 miMalvern Gardens, Lobley Hill, Gateshead3
£90003/250.5 mi-3
£1,30006/240.54 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£1,20011/240.55 mi-3
£1,25001/250.55 mi-3
£1,05005/240.56 miHawthorn House, Lobley Hill3
£99504/240.57 mi-3
£1,30006/240.58 mi-3
£1,25007/240.59 miRopery Road, Gateshead, NE83

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.29 miles away

Nearest school

0.40 miles away

Nearest train station

0.28 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £115,000

March 20, 2025

Listed for £125,000

February 14, 2025

Description

  • For Sale Via Auction +
  • Extended Semi Detached in Dunston +
  • Convenient Access to Local Amenities & Transport links +
  • Spacious Property with Significant Potential +
  • Occupying an Elevated Position +
  • Lounge/ Dining Room & Breakfasting Kitchen +
  • Reference: 449825 +

FOR SALE BY WAY OF ONLINE AUCTION - ON 27TH FEBRUARY 2025. OPTION 1. Terms and Conditions apply. See Agents Property Auctions Website for full details.
An extended semi-detached house located in an ever popular area within Dunston, offering convenient access to local amenities, schools and transport links. The property boasts significant potential, featuring a spacious lounge/dining room and a breakfasting kitchen on the ground floor. Upstairs, there are three well proportioned bedrooms and a family bathroom. Externally the property occupies an elevated position with a garden to the front and steps leading up, along with a driveway leading to garage. There is also a garden to rear. A great purchase for any discerning buyer wanting to put there own stamp on a spacious property. Viewing recommended.
ENTRANCE PORCH

INNER LOBBY
Staircase leading up to First Floor.
LOUNGE/DINING ROOM 7.91m (25'11) x 4m (13'1)
A spacious room with windows to both front and rear elevations.
BREAKFASTING KITCHEN 4.36m (14'4) x 3.63m (11'11)
With fitted units and worktops. Access to garage and door leading out to rear garden.
FIRST FLOOR LANDING

BEDROOM 3.53m (11'7) x 2.11m (6'11)
A double room with window to front.
BEDROOM 4.05m (13'3) x 3.1m (10'2)
A double room with window to front.
BEDROOM 2.65m (8'8) x 2.09m (6'10)
With window to rear.
SHOWER ROOM
Comprising shower cubicle, wash basin, low level wc and bidet. Windows to side.
EXTERNALLY
Gardens to the front and rear.
DRIVEWAY
Driveway leading to the garage.
GARAGE 3.73m (12'3) x 2.13m (7')
The garage also offers utility area along with a separate wc.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 16 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE11 9XE and mobile coverage is provided by EE, O2, Three, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: B
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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