3 Bed Semi-Detached House, Single Let, Washington, NE37 2DS, £100,000

46 Western Terrace, Washington, NE37 2DS, United Kingdom - 3 views - 2 months ago

Leasehold
Auction
BTL
ROI: 8%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£71.5K - £270K
Sold Prices/m²£787/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£122,307
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£650 - £3,300

Rent Estimate

£658

Running Costs/mo

£464

Cashflow/mo

£194

Cashflow/yr

£2,327

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £71.5K to £270K, average is £128.5K. £787/m² to £3.4K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£137K02/230.01 mi30, Western Terrace, Washington, Tyne And Wear NE37 2DS3
£133K11/230.06 mi129, Spout Lane, Washington, Tyne And Wear NE37 2UD3
£132K08/220.06 mi131, Spout Lane, Washington, Tyne And Wear NE37 2UD3
£90K09/210.08 mi1, Urban Gardens, Washington, Tyne And Wear NE37 2BZ3
£220K11/230.09 mi3, Wessington Terrace, Washington, Tyne And Wear NE37 2DQ3
£135K12/220.11 mi20, Municipal Terrace, Washington, Tyne And Wear NE37 2UA3
£84K10/210.14 mi25, Beverley Court, Washington, Tyne And Wear NE37 2DY3
£85K09/230.17 mi72, Hertburn Gardens, Washington, Tyne And Wear NE37 2DJ3
£180K03/210.22 mi17, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR3
£231K11/230.23 mi93, Richmond Avenue, Washington, Tyne And Wear NE38 7JH3
£74K12/200.23 mi2, Aintree Close, Washington, Tyne And Wear NE37 2AE3
£200K10/200.24 mi35, Richmond Avenue, Washington, Tyne And Wear NE38 7JQ3
£102K11/210.26 mi37, Spout Lane, Washington, Tyne And Wear NE38 7HP3
£76.5K05/230.27 mi71, Laurens Court, Washington, Tyne And Wear NE37 2EF3
£130K01/230.29 mi23, Langdale, Washington, Tyne And Wear NE37 1UE3
£105K11/200.29 mi23, Langdale, Washington, Tyne And Wear NE37 1UE3
£158K03/240.3 mi56, Swirral Edge, Washington, Tyne And Wear NE37 1UP3
£175K02/210.3 mi20, Valley Forge, Washington, Tyne And Wear NE38 7JN3
£195.3K05/230.3 mi22, Valley Forge, Washington, Tyne And Wear NE38 7JN3
£119.5K06/210.3 mi68, Langdale, Washington, Tyne And Wear NE37 1UG3
£130K01/240.3 mi59, Langdale, Washington, Tyne And Wear NE37 1UG3
£71.5K10/200.31 mi14, Franklin Court, Washington, Tyne And Wear NE37 2EQ3
£82.5K10/200.31 mi15, Franklin Court, Washington, Tyne And Wear NE37 2EQ3
£95K04/240.31 mi17, Blencathra, Washington, Tyne And Wear NE37 1SD3
£107.5K05/210.32 mi13, Baltimore Court, Washington, Tyne And Wear NE37 2HU3
£170K08/220.33 mi65, Swirral Edge, Washington, Tyne And Wear NE37 1UP3
£201K05/240.34 mi41, Boston Avenue, Washington, Tyne And Wear NE38 7JF3
£257K01/240.34 mi38, Boston Avenue, Washington, Tyne And Wear NE38 7JF3
£127K12/220.35 mi18, Spout Lane, Washington, Tyne And Wear NE38 7JW3
£115K01/230.35 mi60, Baltimore Court, Washington, Tyne And Wear NE37 2HX3
£105K12/230.36 mi56, Baltimore Court, Washington, Tyne And Wear NE37 2HX3
£185K11/230.36 mi20, Manor Park, Washington, Tyne And Wear NE37 2BS3
£105K12/230.36 mi2, Manor Park, Washington, Tyne And Wear NE37 2BS3
£110K05/210.36 mi19, Langdale, Washington, Tyne And Wear NE37 1UE3
£116K08/230.36 mi85, Langdale, Washington, Tyne And Wear NE37 1UQ3
£110K10/210.38 mi25, Stonycroft, Washington, Tyne And Wear NE37 1UL3
£110K11/200.38 mi32, Stonycroft, Washington, Tyne And Wear NE37 1UL3
£140K02/240.4 mi28, Bede Crescent, Washington, Tyne And Wear NE38 7JA3
£176K02/240.4 mi18, Bede Crescent, Washington, Tyne And Wear NE38 7JA3
£120K12/210.4 mi22, Dene Court, Washington, Tyne And Wear NE38 7JB3
£165K12/200.41 mi26, Manor Park, Washington, Tyne And Wear NE37 2BT3
£147K08/240.42 mi96, Langdale, Washington, Tyne And Wear NE37 1UH3
£85K02/230.43 mi5, The Oval, Washington, Tyne And Wear NE37 2QB3
£270K05/210.44 mi1, Glebe Mount, Washington, Tyne And Wear NE38 7AE3
£119K04/240.44 mi28, Bridekirk, Washington, Tyne And Wear NE37 1UD3
£115K02/210.44 mi29, Bede Crescent, Washington, Tyne And Wear NE38 7HZ3
£170K11/230.44 mi51, Bede Crescent, Washington, Tyne And Wear NE38 7HZ3
£150K01/230.44 mi17, Bede Crescent, Washington, Tyne And Wear NE38 7HZ3
£148K12/230.44 mi39, Bede Crescent, Washington, Tyne And Wear NE38 7HZ3
£95K02/210.44 mi2, Morris Street, Washington, Tyne And Wear NE37 2TQ3

Local Rents

17 rents from £650/mo to £3.3K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£75007/240.04 miUrban Gardens , Concord, Washington3
£75007/240.06 mi123 Spout Lane3
£70012/240.09 miHertburn Gardens, Concord , Washington3
£67505/240.14 miBeverley Court, Washington, NE373
£67504/240.14 mi-3
£67504/240.14 mi-3
£95005/240.24 miRushmore Grange, Washington Village3
£3,30003/250.38 mi-3
£77506/240.4 miRichardson Terrace, Washington, Tyne and Wear, NE37 2QJ3
£67505/240.44 miBridekirk, Washington3
£1,10005/240.49 miBurnhope Road, Washington, Tyne and Wear, NE38 8DY3
£65012/240.52 mi-3
£65006/240.55 miArklecrag, Albany,Washington, Tyne and Wear, NE373
£65907/230.56 mi-3
£70012/240.57 miThornton Court, Glebe, Washington3
£70006/240.57 miCrossgill, Albany, Washington, Tyne and Wear, NE373
£75007/240.62 miBrackenway, Albany, Washington, Tyne And Wear, NE37 3

Local Area Statistics

Population in NE37

21,032

Population in Washington

52,264

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

2.97 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+71%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £100,000

February 14, 2025

Description

  • For Sale Via Auction +
  • Semi Detached House +
  • Three Spacious Bedrooms +
  • Great for Families or Investors +
  • Good Sized Plot +
  • Gardens to Three Sides +
  • Reference: 462112 +

**FOR SALE BY WAY OF ONLINE AUCTION - ON 27TH FEBRUARY 2025. OPTION 2. Terms and Conditions apply. See Agents Property Auctions Website for full details. Situated on Western Terrace, Washington, this semi-detached house offers three spacious bedrooms, making it an ideal choice for families seeking room to grow or investors looking for a promising opportunity. The property is positioned on a pleasant plot, offering an outdoor area that can be enjoyed throughout the seasons. The surrounding community is well-regarded, with local amenities and transport links conveniently accessible, making daily life both easy and enjoyable.

EPC rating: D
Council Band: A
Tenure : Freehold

HALL 3.85m (12'8) x 1.91m (6'3)
Stairs to first floor landing. Radiator and double glazed window.
LOUNGE 4.01m (13'2) x 4.41m (14'6)
Spacious Lounge with feature fireplace. Double glazed window to the front aspect, radiator. Opening to the dining area.
DINING AREA 2.35m (7'9) x 2.73m (8'11)
French doors providing access to the rear garden.
KITCHEN 3.16m (10'4) x 2.83m (9'3)
Modern Kitchen with electric hob and oven and extractor hood above. Sink unit and mixer tap. Integrated fridge freezer. Double glazed window to the rear aspect.
LOBBY 1.1m (3'7) x 4.55m (14'11)
Useful built in storage cupboard and door providing access to the rear garden.
UTILITY ROOM 1.42m (4'8) x 2.34m (7'8)
Plumbing for washing machine. Double glazed window to front aspect.
GROUND FLOOR WC 1.42m (4'8) x .77m (2'6)
With WC and window.
FIRST FLOOR LANDING 2.36m (7'9) x 2.5m (8'2)
Double glazed window.
BEDROOM ONE 3.49m (11'5) x 3.67m (12'0)
Spacious bedroom with double glazed window and radiator.
BEDROOM TWO 3.49m (11'5) x 3.23m (10'7)
Well proportioned second bedroom with double glazed window and radiator.
BEDROOM THREE 2.72m (8'11) x 2.49m (8'2)
Versatile third bedroom with double glazed window and radiator.
BATHROOM 1.72m (5'8) x 2.65m (8'8)
White bathroom suite with Bath and shower attachment, WC and wash hand basin. Chrome heated towel rail. Two double glazed windows.
EXTERNALLY
Positioned on a pleasant, good sized plot with garden to three sides, ideal for entertaining with family and friends.
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 19 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE37 2DS and mobile coverage is provided by EE, Three, O2, 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: A
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.

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:

EPC Rating: D**

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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