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 |
BMV | 8% |
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.
Local Rents
14 rents from £550/mo to £1.1K/mo, average is £663/mo.
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
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