2 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE16 6JW, £95,000

Friarside Gardens, Burnopfield, Newcastle upon Tyne, Durham, NE16 6JW - 25 days ago

BTL
ROI: 8%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£65K - £261.8K
Sold Prices/m²£903/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£107,854
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£625 - £750

Rent Estimate

£625

Running Costs/mo

£442

Cashflow/mo

£183

Cashflow/yr

£2,198

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £65K to £261.8K, average is £116.1K. £903/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£90K12/210.05 mi2, Albion Gardens, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JR2
£110K09/210.08 mi11, Crathorne Court, Burnopfield, Newcastle Upon Tyne, Durham NE16 6DA2
£86K02/230.08 mi5, Crathorne Court, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DA2
£100K10/220.15 mi3, Friars Row, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JZ2
£95K03/240.15 mi8, Friars Row, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JZ2
£125K08/240.15 mi12, Maple Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JB2
£70K05/210.15 mi2, Maple Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JB2
£106K10/230.15 mi12, Cedar Crescent, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6HU2
£70K05/210.15 mi2, Maple Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JB2
£82K03/230.17 mi8, Pine Avenue, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JA2
£80K08/230.17 mi18, Pine Avenue, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6JA2
£72K10/200.22 mi4, Poplar Avenue, Burnopfield, Newcastle Upon Tyne, Durham NE16 6HZ2
£65K04/210.22 mi16, Poplar Avenue, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6HZ2
£90K11/220.22 mi7, Laurel Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6HY2
£140K04/210.23 mi14, Brackenridge, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6LH2
£147K04/240.49 mi13, Eden Avenue, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QQ2
£81.5K03/210.54 mi48, Lilac Crescent, Burnopfield, Newcastle Upon Tyne, Durham NE16 6QF2
£112.5K06/230.54 mi18, Lilac Crescent, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QF2
£97K03/230.54 mi24, Lilac Crescent, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QF2
£125K12/210.54 mi18, Park View, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QE2
£105K03/230.54 mi3, Park View, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QE2
£70K07/210.57 mi12, Magnolia Grove, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QN2
£130K02/240.58 mi16, Park View, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QE2
£79K11/210.59 mi12, Park View, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6QE2
£128K01/240.61 mi2, Rowan Court, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6PJ2
£125.5K10/230.66 mi36, Front Street, Hobson, Newcastle Upon Tyne, County Durham NE16 6EE2
£115K10/220.66 mi38, Front Street, Hobson, Newcastle Upon Tyne, County Durham NE16 6EE2
£145K12/220.67 mi2, Cavendish Place, Hobson, Newcastle Upon Tyne, County Durham NE16 6EN2
£161K12/230.67 mi14, Cavendish Place, Hobson, Newcastle Upon Tyne, County Durham NE16 6EN2
£74K12/200.67 mi4, Cawthorne Terrace, Hobson, Newcastle Upon Tyne, County Durham NE16 6EJ2
£95K07/210.69 mi48, Front Street, Hobson, Newcastle Upon Tyne, Durham NE16 6EF2
£151K05/240.71 mi55, Busty Bank, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6BQ2
£122K01/210.71 mi48, Busty Bank, Burnopfield, Newcastle Upon Tyne, Durham NE16 6BQ2
£195.3K03/210.72 mi2, Westwood Close, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6NQ2
£166K06/240.73 mi39, Busty Bank, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6NG2
£130K04/210.76 mi27, Sheephill, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6NB2
£135K10/200.77 mi18, Gibside Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6NJ2
£117.3K04/240.79 mi3, Fell Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DW2
£110K10/200.82 mi1, Heather Terrace, Burnopfield, Newcastle Upon Tyne, Durham NE16 6DR2
£115K10/200.84 mi4, Chapel Avenue, Burnopfield, Newcastle Upon Tyne, Durham NE16 6NW2
£130K11/200.84 mi6, Chapel Avenue, Burnopfield, Newcastle Upon Tyne, Durham NE16 6NW2
£168K06/240.87 mi6, Grove Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6NP2
£115K12/220.88 mi11, Holly Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DY2
£146.5K06/210.88 mi15, Holly Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DY2
£120K11/200.9 mi15, Hazel Grove, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DU2
£135K10/210.91 mi2, Briar Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DX2
£150K01/240.91 mi2, Briar Terrace, Burnopfield, Newcastle Upon Tyne, County Durham NE16 6DX2
£261.8K03/230.93 miBenouhr, Lintzford Road, Rowlands Gill, Tyne And Wear NE39 1DG2
£207.5K04/210.93 miFerndale, Lintzford Road, Rowlands Gill, Tyne And Wear NE39 1DG2
£187.1K11/230.93 miBeech Cottage, Lintzford Road, Rowlands Gill, Tyne And Wear NE39 1DG2

Local Rents

10 rents from £625/mo to £750/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£75002/250.09 mi-2
£62512/230.1 mi-2
£69506/240.1 miGaresfield Gardens, Burnopfield2
£65005/240.12 miBirch Mews, Burnopfield, Newcastle upon Tyne, Durham, NE16 6LL2
£75007/240.12 miBriardene, Burnopfield2
£65011/230.15 mi-2
£67505/240.15 mi-2
£62510/230.17 mi-2
£62505/240.17 miSyke Road, Burnopfield, Newcastle upon Tyne, Durham, NE16 6HD2
£75009/240.22 mi-2

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

7.95 miles away

Nearest school

0.30 miles away

Nearest train station

4.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £95,000

February 18, 2025

Floor Plans

Description

This two-bedroom semi-detached house has UPVC double glazing and gas central heating – via Vaillant combi. boiler – with accommodation comprising, on the ground floor: composite front door into the entrance hall, with an under-stair cupboard and stairs to the first floor, living room with an electric fire, kitchen diner to the rear, fitted with white units and granite-effect worktops and with a door through to a utility room that has a composite door out to the rear garden.

To the first floor, the landing has a built-in cupboard (housing the combi. boiler) and access to the two double bedrooms and to the bathroom, which is fitted with a white suite comprising bath with mixer shower attachment, wash basin and W.C.

Externally, there is a block-paved yard to the rear, with an external store cupboard, and a good-sized enclosed, lawned front garden, that extends to the side, with pedestrian access from the path to the front.

Location –
Friarside Gardens is situated within the large 1950s-built residential estate off Syke Road, in the village of Burnopfield. It is close to some of the village shops and amenities, such as a pharmacy, community centre and Co-Operative Food Store, at The Leazes (B6310), while there are other shops and facilities at the other end of the village, along Front Street, approximately a mile away. Whickham (5 miles) and Consett (6 miles) are both within 15 minutes' drive while Rowlands Gill is just over two miles away. There are popular walks and cycle routes along the Derwent Valley, including the Derwent Walk and Red Kite Trail, while the spacious National Trust grounds of the Gibside estate are just down Busty Bank, also within two miles.

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.

QRW250029/2

Agent Details

YOUR MOVE Chris Stonock, Rowlands Gill

01207 265930

Next Steps?

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