3 Bed Flat, Single Let, Wallsend, NE28 6TQ, £75,000

40 Laurel Street, Wallsend, NE28 6TQ - 1 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 12%
59 m²
+7 photos

ValuationUndervalued

Sold Prices£45K - £252K
Sold Prices/m²£429/m² - £3.4K/m²

 

 

Square Metres

59.07 m²
Price/m²£1.3K/m²

Value Estimate

£83,507
BMV11%

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

£530 - £2,500

Rent Estimate

£625

Running Costs/mo

£379

Cashflow/mo

£246

Cashflow/yr

£2,948

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £45K to £252K, average is £106K. £429/m² to £3.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£84K12/220.09 mi15, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB3
£142K01/230.09 mi12a, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£88.5K03/240.12 mi7, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB3
£95K10/200.13 mi151, Park Road, Wallsend, Tyne And Wear NE28 7LP3
£105K03/230.13 mi151, Park Road, Wallsend, Tyne And Wear NE28 7LP3
£70K07/230.15 mi8, Atkinson Terrace, Wallsend, Tyne And Wear NE28 6RE3
£70K10/210.15 mi43, Holly Avenue, Wallsend, Tyne And Wear NE28 6PB3
£50K02/210.15 mi120, Vine Street, Wallsend, Tyne And Wear NE28 6JE3
£50K02/210.15 mi120, Vine Street, Wallsend, Tyne And Wear NE28 6JE3
£107K03/210.21 mi222, Station Road, Wallsend, Tyne And Wear NE28 8RD3
£70K06/210.24 mi59, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX3
£87K07/230.25 mi30, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH3
£62K02/210.25 mi59, Richardson Street, Wallsend, Tyne And Wear NE28 7PS3
£45K11/200.27 mi104, Charlotte Street, Wallsend, Tyne And Wear NE28 7PU3
£63K02/210.33 mi41, Alnwick Street, Wallsend, Tyne And Wear NE28 7SD3
£89K01/210.68 mi10, The Riverside, Hebburn, Tyne And Wear NE31 1BG3
£77.5K10/220.9 mi23, Ford Terrace, Wallsend, Tyne And Wear NE28 6QF3
£76K09/221.07 mi77, Makendon Street, Hebburn, Tyne And Wear NE31 1RF3
£75K05/231.11 mi34, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ3
£70K07/211.11 mi34, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ3
£107K08/231.23 mi44, Sutton Street, Newcastle Upon Tyne, Tyne And Wear NE6 4RH3
£80K09/231.23 mi44, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL3
£85K03/231.26 mi44, Whickham Road, Hebburn, Tyne And Wear NE31 1QU3
£84K03/231.29 mi17, Whickham Road, Hebburn, Tyne And Wear NE31 1QX3
£115K12/221.34 mi579, Welbeck Road, Newcastle Upon Tyne, Tyne And Wear NE6 3AA3
£85K02/211.4 mi47, Armstrong Road, Wallsend, Tyne And Wear NE28 6NA3
£154K03/231.41 mi27, Purley Close, Wallsend, Tyne And Wear NE28 0QB3
£136K01/241.41 mi181, Bosworth Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5UP3
£182K08/231.41 mi157, Bosworth Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5UP3
£144.5K12/201.42 mi16, Faldonside, Newcastle Upon Tyne, Tyne And Wear NE6 5UH3
£180K07/231.42 mi16, Faldonside, Newcastle Upon Tyne, Tyne And Wear NE6 5UH3
£125K11/221.42 mi26, St Albans Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 5UQ3
£145K03/211.43 mi8, Allerton Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5UT3
£142K10/231.48 mi24, Danby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5TH3
£145.9K02/211.5 mi17, Danby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5TE3
£130K06/221.56 mi56, Oxford Crescent, Hebburn, Tyne And Wear NE31 2XT3
£140K03/231.56 mi142, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£130K07/211.56 mi156, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£141.5K10/201.56 mi106, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£175K08/231.56 mi114, Whitefield Terrace, Newcastle Upon Tyne, Tyne And Wear NE6 5SS3
£60K01/211.57 mi43, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD3
£252K10/231.58 mi25, Craythorne Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 5UJ3
£60K12/221.58 mi335, Benson Road, Newcastle Upon Tyne, Tyne And Wear NE6 2SH3
£120K11/211.61 mi13, Marleen Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 5DN3
£62K10/231.62 mi63, Howe Street, Hebburn, Tyne And Wear NE31 2XH3
£126K06/211.62 mi193, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£118K09/231.62 mi206, Trewhitt Road, Newcastle Upon Tyne, Tyne And Wear NE6 5DY3
£165K03/231.63 mi104, Rokeby Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5SU3
£171K02/231.63 mi65, Rokeby Terrace, Heaton, Newcastle Upon Tyne, Tyne And Wear NE6 5SU3
£129K12/201.63 mi145, Biddlestone Road, Newcastle Upon Tyne, Tyne And Wear NE6 5SP3

Local Rents

17 rents from £530/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65005/240.09 mi-3
£87503/240.13 mi-3
£74504/240.13 mi-3
£79505/240.13 miCroft Avenue, Wallsend, NE283
£53005/240.14 miPark Road, Wallsend3
£85005/240.15 mi-3
£62502/250.15 mi-3
£75005/240.24 miCharlotte Street, Wallsend 3
£57509/230.24 mi-3
£64002/250.29 mi-3
£82501/250.33 mi-3
£82512/240.33 mi-3
£72505/240.33 miHedley Place, Wallsend, Tyne and Wear, NE28 8LY3
£90007/240.36 mi-3
£90007/240.36 miHopper Street, Wallsend, NE283
£65009/230.37 mi-3
£2,50005/240.46 mi-3

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.95 miles away

Nearest school

0.30 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £75,000

February 21, 2025

Floor Plans

Description

  • ** Guide Price £75,000 - £80,000 +
  • Three Bedroom First Floor Flat +
  • New Boiler Fitted In 2022 +
  • Ideal First Time Buy +
  • Private Yard To Rear +
  • Nearby Metro Station +
  • 999 Year Lease From 1987 +
  • Council Tax Band A +
  • Energy Rating C +

GUIDE PRICE £75,000 - £80,000

THREE BEDROOM FIRST FLOOR FLAT PRIVATE YARD TO REAR NEW BOILER FITTED 2022

IDEAL FIRST TIME BUY CLOSE TO SHOPS - SCHOOLS - BUS SERVICES & METRO STATION999 YEAR LEASE FROM 1987 COUNCIL TAX BAND A ENERGY RATING C **

Entrance - Upvc entrance door, stairs to the first floor landing.

Landing -

Lounge - 4.42 x 3.70 (14'6" x 12'1") - Double glazed window, cupboard, radiator.

Kitchen - 2.56 x 2.09 (8'4" x 6'10") - Double-glazed window, base unit with work surface over, integrated oven and hob with extractor hood over, sink unit, and stairs leading to the rear yard.

Bedroom 1 - 3.70 x 2.81 (12'1" x 9'2") - Double glazed window, radiator.

Bedroom 2 - 3.32 x 2.32 (10'10" x 7'7") - Double glazed window, radiator.

Bedroom 3 - 2.56 x 2.32 (8'4" x 7'7") - Double glazed window, radiator.

Bathroom - 2.27 x 1.42 (7'5" x 4'7") - Bath with shower over, WC, wash hand basin, part tiled walls, tiling to floor and ladder style radiator.

External - Externally there is a private yard to te rear.

Lease Information - The property has a 999 year lease dated from 27/10/1987. Ground rent is £5 per year.

Broadband And Mobile - At the time of marketing this information is correct.
Broadband: Highest available Speeds: Download: 1800 Mbps Upload: 220 Mbps
Mobile: IndoorEE>Limited Three> Likely 02>Likley Vodafone>Limited
Mobile: Outdoor EE>Likely Three> Likely 02>Likley Vodafone>Likely

Para - Flood Risks - At the time of marketing this information is correct.
Yearly chance of flooding:
Rivers and the sea: Very low.
Surface water: Very low.

Agent Details

next2buy, Wallsend

0191 625 0941

Next Steps?

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