4 Bed Terraced House, Cash/Bridging Only, Gateshead, NE11 9FF, £330,000

Bittern Close, Dunston, Gateshead, NE11 9FF - 3 views - 2 months ago

Cash
ROI: 4%
~129 m²
+13 photos

ValuationOvervalued

Sold Prices£124K - £400K
Sold Prices/m²£1K/m² - £2.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.6K/m²

Value Estimate

£219,875

 

 

End Value (After Refurb)

£200,732

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£82,500

Stamp Duty & Legal Fees

£15,100

Refurb Costs

£49,479

Bridging Loan Interest

£8,663

Total Cash In

£157,492

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,732

Mortgage (After Refinance)

£150,549

Mortgage LTV

75%

Cash Left In

£157,492

Equity

£50,183

Rent Range

£785 - £4,250

Rent Estimate

£1,427

Running Costs/mo

£933

Cashflow/mo

£494

Cashflow/yr

£5,932

ROI

4%

Gross Yield

5%

Local Sold Prices

27 sold prices from £124K to £400K, average is £235K. £1K/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£215K03/210.17 mi39, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF4
£185K11/220.43 mi302, Dunston Road, Gateshead, Tyne And Wear NE11 9PL4
£235K06/230.56 mi59, Palatine Place, Gateshead, Tyne And Wear NE11 9SR4
£195K03/230.59 mi16, Ravensworth Terrace, Dunston, Gateshead, Tyne And Wear NE11 9TE4
£180K05/210.62 mi31, Elsdon Gardens, Gateshead, Tyne And Wear NE11 9TN4
£199.4K10/220.63 mi5, Hawthorne Terrace, Gateshead, Tyne And Wear NE11 9UA4
£305K08/230.66 mi4, Riverside Row, Gateshead, Tyne And Wear NE8 2GX4
£281K07/230.74 mi26, Appleton Close, Gateshead, Tyne And Wear NE11 9SG4
£215K03/240.75 mi5, Market Lane, Gateshead, Tyne And Wear NE11 9NX4
£124K09/230.77 mi3, St Michaels Close, Newcastle Upon Tyne, Tyne And Wear NE4 6AF4
£130K09/210.77 mi4, St Michaels Close, Newcastle Upon Tyne, Tyne And Wear NE4 6AF4
£185K03/210.77 mi8, Market Lane, Gateshead, Tyne And Wear NE11 9NY4
£199.9K07/240.88 mi37, Douglas Gardens, Gateshead, Tyne And Wear NE11 9RA4
£267.8K02/210.89 mi3, Bentinck Place, Newcastle Upon Tyne, Tyne And Wear NE4 6XN4
£250K08/220.92 mi9, Hazel Road, Gateshead, Tyne And Wear NE8 2EP4
£275K12/220.92 mi81, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD4
£400K10/220.95 mi5, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£295K04/220.95 mi46, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£300K11/200.95 mi1, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£345K06/210.95 mi13, Grayling Road, Gateshead, Tyne And Wear NE11 9ND4
£235K11/220.96 mi13, Ventnor Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 8RX4
£185K10/230.96 mi1, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ4
£130K11/220.96 mi125, Hartington Street, Newcastle Upon Tyne, Tyne And Wear NE4 6PY4
£287K01/240.97 mi34, Normanton Terrace, Newcastle Upon Tyne, Tyne And Wear NE4 6PP4
£150K11/200.98 mi4, Normanton Terrace, Newcastle Upon Tyne, Tyne And Wear NE4 6PP4
£295K01/240.99 mi20, York Street, Newcastle Upon Tyne, Tyne And Wear NE4 6ET4
£260K01/211 mi67, Grainger Park Road, Newcastle Upon Tyne, Tyne And Wear NE4 8RR4

Local Rents

20 rents from £785/mo to £4.3K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£89512/240.01 miBittern Close, Gateshead, Tyne and Wear, NE11 9FG3
£99506/240.04 miBittern Close, Dunston, NE113
£95005/240.18 mi-3
£1,10002/250.18 mi-3
£3,30006/240.22 mi-5
£3,10001/250.22 mi-5
£4,25004/250.22 mi-5
£1,10004/250.28 mi-4
£99506/240.33 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3
£1,10006/240.35 miTrinity Courtyard, The Staiths, Gateshead, NE83
£90004/250.37 mi-3
£99504/240.41 mi-3
£78506/240.47 mi-4
£1,00007/240.48 miNorthside, The Staithes, Dunston3
£90007/240.49 miMay Courtyard, Shrove Pass, Gateshead, NE83
£1,02006/240.53 miJuly Court Yard, Sunny Side South, Gateshead, NE83
£95007/240.58 miThe Staithes, Gateshead3
£95007/240.58 miThe Staithes, Gateshead3
£1,20003/240.61 mi-4
£1,20005/240.62 miElsdon Gardens, Gateshead4

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £330,000

February 14, 2025

Description

  • Four Bedroom Mid Terraced House +
  • No Chain +
  • Stunning River Views +
  • Approx. Floor Area 98 Sq M = 1055 Sq F +
  • Council Tax Band C +
  • EPC Rating C +

Immaculate four bedroomed mid link family home boasting breath-taking views of the River Tyne and down towards the Newcastle Quayside. No Chain Involved.

Comprises: entrance hall, Cloaks/WC, Open Plan living room and kitchen/diner. Living area providing access to garden via French doors. Kitchen/diner refurbished in 2020 to a high standard boasting double oven, gas hob, washing machine and wall mounted combi boiler located in corner unit.

We have been advised the boiler is approximately ten year old at time of listing.

To the first floor there are four bedrooms, two of which are doubles benefiting from the luxury of a balcony overlooking the River Tyne.

The master bedroom also has a lovely en-suite shower room/WC with jet shower. The third bedroom is currently used as a dressing room with fitted wardrobes providing ample storage. The family bathroom/WC has a corner jacuzzi bath.

The garage is accessed via an up and over door and has a door to the rear garden. It currently houses additional kitchen units with washing machine, dryer, oven and hot water.

Externally to the front is a well maintained lawned area and driveway.

To the rear is an enclosed paved garden, again providing scenic views of the River Tyne.

The home has double glazing and a gas central heating system via a combi boiler.

We understand the property is Freehold.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WCK240252/2

Agent Details

YOUR MOVE Chris Stonock, Whickham

0191 625 0148

Next Steps?

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