3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE15 8BB, £120,000

Valley View, Lemington, Newcastle upon Tyne, Tyne and Wear, NE15 8BB - 1 views - a month ago

Sold STC
BTL
ROI: 7%
~93 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£700 - £1,200

Rent Estimate

£756

Running Costs/mo

£546

Cashflow/mo

£210

Cashflow/yr

£2,520

ROI

7%

Gross Yield

8%













Local Rents

10 rents from £700/mo to £1.2K/mo, average is £818/mo.

RentDateDistanceAddressBeds 
£79504/240.13 mi-3
£80002/250.13 mi-3
£85005/230.25 mi-3
£82505/240.32 miDoddington Close, Newcastle Upon Tyne, NE153
£75010/240.34 mi-3
£81006/240.4 miCharlton Mews, Lemington, Newcastle upon Tyne, NE153
£70003/230.41 mi-3
£1,10006/240.42 miClaremont Avenue, Newcastle Upon Tyne, Newcastle upon Tyne, Tyne and Wear, NE15 7LE3
£1,00005/240.56 mi-3
£1,20005/240.56 miNorfolk Way, Newcastle Upon Tyne, NE153

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.94 miles away

Nearest school

0.40 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £120,000

February 19, 2025

Floor Plans

Description

  • Three Bedroom Mid Terrace House +

  • Great Location +

  • NO ONWARD CHAIN +

  • Floor Area - Approximate 807 Sq.ft / 75 Sq.m +

  • Council Tax Band - A +

  • EPC Rating - B +

We are delighted to offer to the market this well presented three bedroom mid terrace house.

The property will appeal to first time buyers and families alike. The property has central heating and benefits from double glazing and has solar panels. An internal inspection is highly recommended.

The accommodation briefly comprises; reception hall, lounge/dining area, kitchen/breakfasting room and rear porch.

To the first floor there is a landing, three bedrooms and family bathroom/wc.

Externally there is a tier garden to the front whilst to the rear lies a further tiered garden with patio area and with the benefit of being south facing.

Lemington is an accessible village to the west of Newcastle city centre. It provides excellent transport links in all directions as well as easy access across the river over the nearby Scotswood Bridge. The A1 and A69 are also close at hand. Lemington benefits from a range of local services including schools, shops and library, all of which are within easy walking distance of the property.

We understand the property is freehold.

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.

QWD220589/2

Agent Details

YOUR MOVE Chris Stonock, West Denton

0191 625 0263

Next Steps?

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