3 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE12 9RE, £240,000

Meadway, Foresthall, Newcastle upon Tyne, Tyne and Wear, NE12 9RE - 2 views - 2 months ago

BTL
~93 m²
+7 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,700

Total Cash In

£68,700

 

 

Cash Out

 

Rent Range

£675 - £1,500

Rent Estimate

£828

Running Costs/mo

£936

Cashflow/mo

£-108

Cashflow/yr

£-1,291

Gross Yield

4%













Local Rents

10 rents from £675/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£97506/240.39 miGreat Lime Road, Newcastle Upon Tyne3
£1,30006/240.4 miReme Court, Killingworth, Newcastle, NE123
£1,20007/240.49 miRidge Way, Wallsend3
£1,15006/240.51 miWoodlands Grange, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE123
£1,25005/240.51 miMoor Edge Drive, Wallsend, Tyne and Wear, NE283
£1,35007/240.53 miWhitfield Road, Newcastle Upon Tyne3
£67503/250.53 mi-3
£1,37508/240.55 mi-3
£1,50012/240.57 miMiller Close, Palmersville, Newcastle Upon Tyne3
£98011/230.62 mi-3

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £240,000

March 28, 2025

Listed for £250,000

February 20, 2025

Floor Plans

Description

  • Newly Refurbished +
  • Three Bedroom Semi Detached House +
  • No Upper Chain +
  • Close to Local Amenities and Transport Links +
  • Double glazed and Gas Central Heating +
  • EPC: TBC +

Offered with no onward chain is this fully refurbished three bedroom semi detached house which is ideally located close to all local amenities, good schools and transport links.

The property has been fully renovated to a high standard and comprises; entrance hall with stairs to the first floor, lounge, Luxury fitted kitchen with a good range of wall and base units, complimenting work surfaces, built in electric hob and oven, integrated microwave, integrated fridge freezer, integrated dishwasher, stainless steel one and a half sink with mixer tap, UPVC double glazed window and radiator and Utility room. To the first floor, there are three bedrooms and a modern bathroom/WC.

Externally to the front of the property is a private garden which is mainly gravelled with mature planted area, block paved driveway leading to the garage and walled boundaries and to the rear is a private rear garden which is mainly gravelled with paved areas, mature planted borders and fenced boundaries.

The property benefits from full refurbishment throughout including new gas central heating system and full rewire.

Virtual tour available at link below:

Properties in this area are extremely in demand so view early to avoid disappointment

Please contact the Forest Hall Branch for more information or to arrange a viewing.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Forest Hall

0191 625 0459

Next Steps?

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