2 Bed Flat, Single Let, Washington, NE38 7JY, £75,000

Waltham, Biddick, Washington, NE38 7JY - 2 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£40K - £275K
Sold Prices/m²£515/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£81,027
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£550 - £1,100

Rent Estimate

£566

Running Costs/mo

£368

Cashflow/mo

£198

Cashflow/yr

£2,381

ROI

10%

Gross Yield

9%

Local Sold Prices

33 sold prices from £40K to £275K, average is £68K. £515/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£70K06/210.08 mi19, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£82K03/230.08 mi35, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£90K07/220.22 mi29, Chacombe, Washington, Tyne And Wear NE38 7HB2
£96.5K07/230.22 mi31, Chacombe, Washington, Tyne And Wear NE38 7HB2
£43K04/210.37 mi49, Newstead Court, Washington, Tyne And Wear NE38 7PF2
£72K09/220.39 mi17, Emmerson Terrace, Washington, Tyne And Wear NE38 7LN2
£61K06/210.41 mi32, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£64.5K10/200.41 mi34, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£72K08/220.41 mi13, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£68K03/230.45 mi66, Hogarth Drive, Washington, Tyne And Wear NE38 7LT2
£77K11/230.52 mi6, Glen Terrace, Washington, Tyne And Wear NE38 7AY2
£50K08/220.58 mi48, Warkworth Close, Washington, Tyne And Wear NE38 0JN2
£75K07/230.59 mi40, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£275K12/200.61 mi20, Liberty Green, Washington, Tyne And Wear NE38 7UA2
£52.5K08/220.66 mi116, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£70K06/230.66 mi131, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£97.5K08/220.66 mi14, Burtree, Washington, Tyne And Wear NE38 0RA2
£60K09/220.67 mi23, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£64K05/220.67 mi66, Newriggs, Washington, Tyne And Wear NE38 8RT2
£55K10/220.67 mi13, Witton Court, Washington, Tyne And Wear NE38 0JH2
£40K12/200.67 mi15, Witton Court, Washington, Tyne And Wear NE38 0JH2
£55K06/220.69 mi8, Dunstanburgh Close, Washington, Tyne And Wear NE38 0JE2
£72.5K07/230.73 mi89, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£85K06/230.73 mi87, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£61K11/210.74 mi64, Broadmeadows, Washington, Tyne And Wear NE38 8RH2
£60K01/230.75 mi9, Lumley Close, Washington, Tyne And Wear NE38 0HX2
£68K05/210.75 mi19, Broadmeadows, Washington, Tyne And Wear NE38 8RQ2
£67.5K03/210.75 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2
£67.5K03/210.76 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2
£52K08/230.79 mi98, Bamburgh Close, Washington, Tyne And Wear NE38 0HR2
£75K08/220.81 mi46, Southcroft, Washington, Tyne And Wear NE38 8RD2
£60K11/200.83 mi112, Burnhope Road, Washington, Tyne And Wear NE38 8EA2
£85K09/230.97 mi55, Grizedale, Washington, Tyne And Wear NE37 1TZ2

Local Rents

14 rents from £550/mo to £1.1K/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£62505/240.11 mi-2
£67512/240.19 miFountains Close, Biddick, Washington, Tyne and Wear, NE382
£75012/240.26 miThe Parade, Washington2
£65005/240.4 miGrasmere Gardens, Columbia, Washington2
£55012/240.41 miHogarth Drive2
£65005/240.43 miEmmerson Terrace, Columbia, Washington2
£85012/240.48 miMorland Avenue, Columbia, Washington2
£57505/240.54 miArlington Court, Columbia, Washington2
£67512/240.55 mi-2
£99512/240.55 miDame Margaret Hall, The Avenue, Washington Village2
£1,10012/240.55 miDame Margaret Hall, Washington Village, Washington2
£55005/240.56 miRobinson Terrace, Columbia, Washington2
£67509/240.59 mi-2
£59512/240.61 mi-2

Local Area Statistics

Population in NE38

31,232

Population in Washington

52,264

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

3.20 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £75,000

February 17, 2025

Floor Plans

Description

  • 2 Bedroom First Floor Flat +
  • Fitted Kitchen +
  • Good Sized Bedrooms +
  • Leasehold +
  • Popular Residential Area of Biddick +
  • Close To Local Amenities, Schools and Transport Links +
  • no chain +

Riverside Residential welcomes to the sales market this spacious upper-floor, two-bedroom flat in the desirable residential location of Biddick, Washington.

The property benefits from a secure entrance, a large lounge, a modern kitchen, a bathroom, two double bedrooms, and a south-facing balcony.

Hallway
A welcoming entrance hallway providing access to all rooms, with a built-in storage cupboard for added convenience.

Lounge/Dining Room - 18' 11" x 10' 4" (5.77m x 3.16m)
A spacious and bright lounge/dining area with ample room for seating and dining furniture. Large windows allow plenty of natural light, creating a warm and inviting atmosphere.

Kitchen - 12' 10" x 7' 0" (3.91m x 2.14m)
A well-equipped kitchen featuring a range of wall and base units with contrasting work surfaces and integrated cooking appliances. A rear door provides convenient access to the outside balcony.

Bedroom 1 - 12' 5" x 9' 11" (3.79m x 3.01m)
A generously sized double bedroom with large windows that enhance natural light. Offers ample space for a bed, wardrobes, and additional furniture.

Bedroom 2 - 12' 5" x 7' 6" (3.79m x 2.29m)
A comfortable second bedroom, ideal as a guest room, children's bedroom, or home office. Features a large window and plenty of space for furniture.

Bathroom/WC - 6' 11" x 5' 7" (2.11m x 1.69m)
A well-appointed family bathroom with a bathtub, overhead shower, WC, and pedestal sink. Fully tiled for easy maintenance.

Location
Biddick is one of the most desirable villages in Washington, situated next to the iconic Princess Anne Park. It falls within the catchment area for Biddick Academy and St Robert of Newminster Catholic School & Sixth Form College. This beautiful location is ideal for commuters, being just minutes from both the A1 and A19, with excellent transport links. The property is also conveniently located near The Galleries shopping centre, a local leisure centre, and AMF Bowling.

Council Tax Band: Band A (Sunderland Council)
Tenure: Leasehold (100 years)
Ground Rent: £10 per year
Service Charge: £1,000 per year
125 years from 17 April 2000
Lease Term Remaining 
100 years

Agent Details

Riverside Residential Property Services, Washington

0191 416 9944

Next Steps?

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