3 Bed Semi-Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE5 2HL, £139,999

Henshaw Place, Newcastle upon Tyne, NE5 2HL - 2 views - a month ago

Cash
ROI: 2%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£110K - £280K
Sold Prices/m²£1.4K/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£146,450
BMV1%

 

 

End Value (After Refurb)

£156,170

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£35,600

Bridging Loan Interest

£3,675

Total Cash In

£81,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,170

Mortgage (After Refinance)

£117,127

Mortgage LTV

75%

Cash Released

£12,128

Cash Left In

£69,447

Equity

£39,042

Rent Range

£650 - £950

Rent Estimate

£820

Running Costs/mo

£672

Cashflow/mo

£148

Cashflow/yr

£1,776

ROI

2%

Gross Yield

7%

Local Sold Prices

51 sold prices from £110K to £280K, average is £160K. £1.4K/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£110K11/210 mi44, Henshaw Place, Newcastle Upon Tyne, Tyne And Wear NE5 2HL3
£160K11/230 mi7, Henshaw Place, Newcastle Upon Tyne, Tyne And Wear NE5 2HL3
£160K02/230 mi58, Henshaw Place, Newcastle Upon Tyne, Tyne And Wear NE5 2HL3
£155K07/230.12 mi564, West Road, Newcastle Upon Tyne, Tyne And Wear NE5 2JJ3
£155K07/230.12 mi564, West Road, Newcastle Upon Tyne, Tyne And Wear NE5 2JJ3
£183K11/210.14 mi226, Silver Lonnen, Newcastle Upon Tyne, Tyne And Wear NE5 2HH3
£130K05/240.14 mi245, Silver Lonnen, Newcastle Upon Tyne, Tyne And Wear NE5 2HH3
£138K05/210.16 mi2, Elrington Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2HP3
£165K10/210.19 mi23, Silverhill Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2EJ3
£225K12/200.22 mi43, Countess Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AD3
£270K09/230.22 mi18, Countess Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7BT3
£180K01/230.22 mi52, Slatyford Lane, Newcastle Upon Tyne, Tyne And Wear NE5 2UQ3
£150K02/210.23 mi29, Reedsmouth Place, Newcastle Upon Tyne, Tyne And Wear NE5 2HQ3
£127K03/210.23 mi343, Denton Road, Newcastle Upon Tyne, Tyne And Wear NE15 7HL3
£186K11/220.24 mi4, Countess Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AB3
£111.2K02/210.25 mi8, Ambleside Green, Newcastle Upon Tyne, Tyne And Wear NE5 2TQ3
£137K07/230.25 mi1, Kenley Road, Newcastle Upon Tyne, Tyne And Wear NE5 2UY3
£190.5K04/240.26 mi26, Slatyford Lane, Newcastle Upon Tyne, Tyne And Wear NE5 2UP3
£280K11/210.27 mi24, Thorntree Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AR3
£124.9K01/210.28 mi22, Haydon Place, Newcastle Upon Tyne, Tyne And Wear NE5 2UT3
£173K11/200.28 mi52, Baroness Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AU3
£210K03/230.28 mi42, Baroness Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AU3
£180K11/210.29 mi30, Friars Way, Newcastle Upon Tyne, Tyne And Wear NE5 2EX3
£142K09/230.29 mi6, Slatyford Lane, Newcastle Upon Tyne, Tyne And Wear NE5 2UN3
£160.5K04/240.3 mi24, Silloth Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 2TB3
£213K05/230.3 mi56, Earls Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AL3
£152.5K01/210.31 mi26, Duchess Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AX3
£168K03/230.31 mi6, Pauline Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7TD3
£132K12/200.31 mi2a, Ashleigh Road, Newcastle Upon Tyne, Tyne And Wear NE5 2BT3
£183.1K12/200.31 mi10, Ashleigh Road, Newcastle Upon Tyne, Tyne And Wear NE5 2BT3
£149K11/200.31 mi67, Lanercost Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2DL3
£228K03/210.31 mi26, Gretna Road, Newcastle Upon Tyne, Tyne And Wear NE15 7PE3
£217K08/230.32 mi315, Denton Road, Newcastle Upon Tyne, Tyne And Wear NE15 7HJ3
£180K09/230.32 mi102, Lanercost Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2DJ3
£142.5K03/240.32 mi50, Lanercost Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2DJ3
£150K01/210.33 mi18, Beetham Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 2XS3
£213K11/220.34 mi25, Kelso Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7DB3
£205K12/230.34 mi26, Kelso Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7DB3
£155K05/240.34 mi37, Kelso Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 7DB3
£156K06/230.34 mi7, Earls Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7AJ3
£152K06/230.35 mi13, Hesleyside Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2JE3
£140K06/230.35 mi27, Hesleyside Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2JE3
£140K06/230.35 mi27, Hesleyside Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2JE3
£150K11/230.35 mi15, Bainford Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 7AN3
£165K05/230.35 mi7, Westacre Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2EQ3
£165K04/210.36 mi9, The Drive, Denton Burn, Newcastle Upon Tyne, Tyne And Wear NE5 2AD3
£165K06/230.36 mi5, Rookwood Road, Newcastle Upon Tyne, Tyne And Wear NE5 2XL3
£155K10/230.36 mi15, Rookwood Road, Newcastle Upon Tyne, Tyne And Wear NE5 2XL3
£167K08/210.37 mi23, Benwell Hill Road, Newcastle Upon Tyne, Tyne And Wear NE5 2DY3
£167K11/200.37 mi4, Woodbrook Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 2XR3
£137.5K09/230.37 mi20, Woodbrook Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 2XR3

Local Rents

16 rents from £650/mo to £950/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£90005/240.23 miCaroline Cottages, Slatyford, Newcastle upon Tyne, Tyne and Wear, NE5 2TD3
£90012/240.31 mi-3
£87501/250.31 mi-3
£95012/240.32 mi-3
£95012/240.37 mi-3
£95003/250.38 mi-3
£75006/240.48 miCastleside Road, Denton Burn, Newcastle upon Tyne, NE153
£65007/240.51 mi-3
£65009/240.51 mi-3
£65009/240.51 mi-3
£65005/240.53 miHowdene Road, Denton Burn, Newcastle3
£95012/240.56 mi-3
£95012/240.56 miOvington Grove, Newcastle Upon Tyne, NE53
£85005/240.56 mi-3
£80005/240.59 miOvington Grove, Fenham, Newcastle upon Tyne, NE53
£90003/250.61 mi-3

Local Area Statistics

Population in NE5

48,324

Population in Newcastle upon Tyne

381,037

Town centre distance

1.93 miles away

Nearest school

0.30 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £139,999

February 28, 2025

Listed for £145,000

February 17, 2025

Floor Plans

Description

  • Estimated Net Rental Yield Of 7% +
  • Metrocentre - 1.8 Miles Away +
  • Excellent Transport Links Nearby +
  • Council Tax Band A +

Delighted to present this three-bedroom semi-detached home in the sought-after area of Newcastle upon Tyne. With a net rental yield of 7%, this property presents an excellent opportunity for savvy investors looking to expand their portfolio. Well-positioned for local amenities and transport links, it offers strong rental appeal in a high-demand area. Don’t miss out—enquire now!

This home is spread over two floors, offering a well-designed layout for modern living. The ground floor features a spacious living room and a well-equipped kitchen, seamlessly connected to ample storage and a convenient WC. Upstairs, you’ll find three well-proportioned bedrooms, along with the main family bathroom, providing comfortable accommodation for a growing family or tenants.

Externally, the property benefits from ample off-road parking for added convenience and peace of mind, along with a rear garden offering great potential to be transformed.

Located in Denton Burn, the area offers excellent investment potential with strong tenant appeal. Nearby amenities include Stocksfield Avenue Primary School and St Cuthbert’s High School, while the Metrocentre, just 1.8 miles away, provides extensive retail and dining options. Transport links are convenient, with Blaydon and MetroCentre railway stations, regular bus services from Silver Lonnen and West Road, and Newcastle International Airport just 6.3 km away. Healthcare facilities such as Fenham Hall Surgery and Denton Park Medical Group ensure essential services are close by, making this a well-connected and desirable location.

Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.

To secure this property in accordance with our terms, a £6,000 deposit will be required, which will be deducted from the purchase price. Additionally, there is a non-refundable Reservation Fee of £450 inc VAT, which is separate from the purchase price.

All cash buyers are required to indemnify searches and surveys as outlined in our terms and conditions.

Upon acceptance of your offer, our appointed solicitor will be formally instructed to oversee the sale process on your behalf, ensuring a smooth and efficient transaction.

Agent Details

House Sales Direct, Cheadle

0161 524 8266

Next Steps?

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