2 Bed Flat, Single Let, Wallsend, NE28 7QB, £80,000

34 Northumberland Street, Wallsend, NE28 7QB - 2 months ago

Sold STC

Leasehold

BTL

ROI: 9%

71 m²

+6 photos

ValuationUndervalued

Sold Prices	£50K - £131.3K
Sold Prices/m²	£758/m² - £1.8K/m²

Square Metres	70.50 m²
Price/m²	£1.1K/m²
Value Estimate	£89,619£89,619
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£3,600£3,600
Total Cash In	£23,600£23,600

Cash Out
Rent Range	£525 - £825£525 - £825
Rent Estimate	£550
Running Costs/mo	£380£380
Cashflow/mo	£170£170
Cashflow/yr	£2,040£2,040
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £79K. £758/m² to £1.8K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£87.2K	02/23	0.06 mi	78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX	-	-	2	Flat
£55K	11/21	0.09 mi	41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	£948	58	2	Flat
£60K	01/21	0.09 mi	11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY	-	-	2	Flat
£80K	07/23	0.11 mi	10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ	£1,230	65	2	Flat
£75K	11/22	0.11 mi	76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ	£1,056	71	2	Flat
£78K	12/22	0.12 mi	9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB	£1,271	61	2	Flat
£69K	12/23	0.13 mi	159, Vine Street, Wallsend, Tyne And Wear NE28 6JB	£1,438	48	2	Flat
£72K	03/21	0.13 mi	33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU	£1,157	62	2	Flat
£50K	12/22	0.14 mi	244, High Street East, Wallsend, Tyne And Wear NE28 7RX	£758	66	2	Flat
£55K	10/20	0.14 mi	264, High Street East, Wallsend, Tyne And Wear NE28 7RX	£1,077	51	2	Flat
£90K	01/23	0.15 mi	38, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£1,410	64	2	Flat
£50K	01/21	0.15 mi	1, Percy Street, Wallsend, Tyne And Wear NE28 7SF	£847	59	2	Flat
£60.8K	02/23	0.17 mi	43, Park Road, Wallsend, Tyne And Wear NE28 6QZ	-	-	2	Flat
£80K	07/23	0.17 mi	44, Grey Street, Wallsend, Tyne And Wear NE28 7SE	-	-	2	Flat
£53.3K	09/23	0.18 mi	137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	-	-	2	Flat
£72K	10/23	0.18 mi	131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE	£1,060	68	2	Flat
£89K	05/24	0.18 mi	53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	-	-	2	Flat
£89K	02/23	0.18 mi	17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£89K	02/23	0.18 mi	19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN	£1,391	64	2	Flat
£71K	07/23	0.19 mi	106, Park Road, Wallsend, Tyne And Wear NE28 7QR	-	-	2	Flat
£85K	08/21	0.2 mi	122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,417	60	2	Flat
£77.5K	01/23	0.2 mi	94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	£1,462	53	2	Flat
£80K	01/23	0.2 mi	88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW	-	-	2	Flat
£87.5K	10/22	0.25 mi	45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB	£1,389	63	2	Flat
£71K	03/21	0.25 mi	314, High Street East, Wallsend, Tyne And Wear NE28 7JZ	£1,203	59	2	Flat
£131.3K	09/23	0.31 mi	204, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,823	72	2	Flat
£85K	02/21	0.31 mi	248, Station Road, Wallsend, Tyne And Wear NE28 8RD	£1,164	73	2	Flat
£95.5K	12/22	0.33 mi	147, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,448	66	2	Flat
£95K	03/23	0.33 mi	123, North Road, Wallsend, Tyne And Wear NE28 8RH	-	-	2	Flat
£93K	11/23	0.33 mi	121, North Road, Wallsend, Tyne And Wear NE28 8RH	£1,500	62	2	Flat
£59.5K	06/23	0.34 mi	12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH	£1,144	52	2	Flat
£69.5K	07/21	0.36 mi	30, David Street, Wallsend, Tyne And Wear NE28 8RA	£1,137	61	2	Flat
£105K	08/23	0.39 mi	86, North Road, Wallsend, Tyne And Wear NE28 8RJ	£1,500	70	2	Flat
£73K	08/21	0.39 mi	94, North Road, Wallsend, Tyne And Wear NE28 8RJ	-	-	2	Flat
£57.5K	02/21	0.39 mi	17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY	£1,106	52	2	Flat
£78K	12/22	0.4 mi	38, John Street, Wallsend, Tyne And Wear NE28 8QX	£1,500	52	2	Flat
£59K	01/21	0.41 mi	7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN	£1,091	54	2	Flat
£66K	03/24	0.42 mi	40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ	-	-	2	Flat
£73K	10/23	0.44 mi	34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,237	59	2	Flat
£80K	10/20	0.44 mi	30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB	£1,333	60	2	Flat
£85K	09/23	0.45 mi	28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ	£1,604	53	2	Flat
£80K	10/20	0.46 mi	35, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,538	52	2	Flat
£80K	09/23	0.46 mi	73, Deneholm, Wallsend, Tyne And Wear NE28 7HE	£1,333	60	2	Flat
£75K	07/21	0.46 mi	8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD	£1,092	69	2	Flat
£90K	03/24	0.46 mi	28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH	-	-	2	Flat
£85K	12/22	0.46 mi	298, Station Road, Wallsend, Tyne And Wear NE28 8SQ	£1,287	66	2	Flat
£80K	05/23	0.47 mi	60, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,333	60	2	Flat
£66K	05/21	0.47 mi	90, Deneholm, Wallsend, Tyne And Wear NE28 7HD	£1,119	59	2	Flat
£86K	03/24	0.47 mi	56, Deneholm, Wallsend, Tyne And Wear NE28 7HD	-	-	2	Flat
£82.5K	07/23	0.51 mi	25, North Road, Wallsend, Tyne And Wear NE28 8LF	£1,162	71	2	Flat

Local Rents

28 rents from £525/mo to £825/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£650	05/24	0.11 mi	Dene Crescent, Wallsend. NE28 7SN. Garden & Drive	2	Flat
£650	06/24	0.12 mi	Coronation Street, Wallsend, North Tyneside, NE28	2	Flat
£575	07/24	0.12 mi	High Street East, Wallsend, Tyne and Wear, NE28 7RX	2	Flat
£550	09/23	0.13 mi	-	2	Flat
£525	05/24	0.14 mi	Holly Avenue, Wallsend	2	Flat
£575	06/24	0.15 mi	Percy Street, Wallsend	2	Flat
£675	04/24	0.16 mi	-	2	Flat
£720	07/24	0.16 mi	-	2	Flat
£550	07/24	0.19 mi	Dene Crescent, Wallsend	2	Flat
£550	07/24	0.19 mi	Dene Crescent, Wallsend	2	Flat
£650	11/23	0.2 mi	-	2	House
£695	11/24	0.2 mi	-	2	Flat
£595	07/24	0.2 mi	Dene Crescent, Wallsend, Tyne and Wear, NE28	2	Flat
£650	06/24	0.2 mi	Wallsend, Tyne and Wear, NE28	2	Flat
£600	10/23	0.24 mi	-	2	House
£725	12/24	0.28 mi	-	2	Flat
£800	05/24	0.3 mi	-	2	Flat
£750	04/24	0.3 mi	-	2	Flat
£620	02/25	0.31 mi	-	2	Flat
£625	05/24	0.32 mi	Hugh Street, Wallsend, NE28	2	Flat
£825	11/24	0.38 mi	-	2	Flat
£825	03/25	0.38 mi	-	2	Flat
£595	05/24	0.44 mi	-	2	Flat
£795	07/24	0.56 mi	-	2	Flat
£795	07/24	0.56 mi	Wallsend, Tyne And Wear, NE28	2	Flat
£550	06/24	0.59 mi	South Terrace, Wallsend, NE28	2	Flat
£800	05/24	0.62 mi	-	2	Flat
£825	02/25	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in NE28	44,51944,519
Population in Wallsend	44,52044,520
Town centre distance	0.74 miles away0.74 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+43%+43%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £80,000

February 17, 2025

Floor Plans

Description

Ground Floor Flat +
Two Double Bedrooms +
Private Yard To Rear +
Newly Decorated Throughout & Ready To Move Into +
Close To Shops & Bus Services +
Chain Free +
Council Tax Band A +
999 Year Lease From 1985 +
Energy Rating C +

THIS PROPERTY IS NOW "SALE AGREED" AND THERE ARE TO BE NO FURTHER VIEWINGS - WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE A PROPERTY TO SELL AND WANT ONE OF OUR "GONE" BOARDS TOO! PLEASE GET IN TOUCH

GROUND FLOOR FLAT TWO DOUBLE BEDROOMS NEWLY DECORATED THROUGHOUT

PRIVATE YARD TO REAR CLOSE TO SHOPS - BUS -SERVCES AND METRO STATIONIDEAL FIRST TIME BUY READY TO MOVE INTO & CHAIN FREE COUNCIL TAX BAND A999 YEAR LEASE FROM 1985 ENERGY RATING C

Entrance Lobby - Double glazed entrance door, glazed door to the hallway.

Hallway - Laminate flooring, cupboard, radiator.

Lounge - 4.37 x 3.87 (14'4" x 12'8") - Double glazed window, laminate flooring, radiator.

Kitchen - 3.41 x 2.05 (11'2" x 6'8") - Fitted with wall and base units with work surfaces over and sink unit. Double glazed window, radiator and double glazed door leading to the rear yard.

Rear Lobby - Storage cupboard, access to bathroom

Bathroom - 2.17 x 2.08 (7'1" x 6'9") - Bath with shower over, WC and wash hand basin. Double glazed window, part tiled walls.

Bedroom 1 - 4.37 x 4.05 (14'4" x 13'3") - Double glazed window, laminae flooring, radiator.

Bedroom 2 - 4.39 x 2.26 (14'4" x 7'4") - Double glazed window, laminae flooring, radiator.

External - Externally there is a private yard to the rear.

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1800 Mbps Upload: 220 Mbps
Mobile: Indoor EE>Likely Three> Likely 02>Likley Vodafone>Likely
Mobile: Outdoor EE>Likely Three> Likely 02>Limited Vodafone>Limited

Flood Risks - At the time of marketing this information is correct.
Yearly chance of flooding:
Rivers and the sea: Very low.
Surface water: Very low.

Lease Information - The property has a 999 Year lease dated from 26/04/1985 with a peppercorn rent.

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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

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