2 Bed Terraced House, Single Let, Newcastle upon Tyne, NE15 8RE, £105,000

Wellington Street, Lemington, Newcastle Upon Tyne, NE15 8RE - 24 days ago

Sold STC
BTL
ROI: 7%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£65.3K - £180K
Sold Prices/m²£824/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£103,954

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Total Cash In

£30,600

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£653

Running Costs/mo

£479

Cashflow/mo

£174

Cashflow/yr

£2,091

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £65.3K to £180K, average is £110K. £824/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£94K10/230.02 mi36, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£100K11/230.02 mi53, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£83K02/230.02 mi61, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£80K06/240.03 mi55, Dene Gardens, Newcastle Upon Tyne, Tyne And Wear NE15 8RL2
£100K02/230.03 mi56, Rokeby Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RP2
£80K11/220.04 mi60, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RH2
£87K01/210.04 mi27, Wellington Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RE2
£83.5K12/200.06 mi22, Rokeby Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RR2
£87.3K07/230.08 mi61, Sugley Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RT2
£75K01/230.08 mi43, Sugley Street, Newcastle Upon Tyne, Tyne And Wear NE15 8RT2
£98K03/230.1 mi52, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RX2
£65.3K08/230.11 mi19, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RY2
£110K09/230.11 mi23, Montague Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8RY2
£180K04/210.13 mi6, Overton Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XL2
£170K01/230.13 mi2, Ottercap Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XJ2
£75K09/210.17 mi25, Orchard Terrace, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8AA2
£155K09/210.17 mi16, Ormskirk Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XN2
£68K06/230.18 mi22, Lesbury Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DN2
£78K12/200.2 mi27, Eva Street, Newcastle Upon Tyne, Tyne And Wear NE15 8DP2
£151K07/210.2 mi37, Neptune Road, Newcastle Upon Tyne, Tyne And Wear NE15 7QN2
£97K12/220.21 mi33, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£70K02/240.21 mi30, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£80K08/210.21 mi5, Ingoe Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8DQ2
£163K09/230.24 mi9, Newdene Walk, Newcastle Upon Tyne, Tyne And Wear NE15 7QS2
£176K08/230.24 mi11, Newdene Walk, Newcastle Upon Tyne, Tyne And Wear NE15 7QS2
£171K09/210.25 mi10, Ottershaw, Newcastle Upon Tyne, Tyne And Wear NE15 7XP2
£159.9K09/210.25 mi5, Ottershaw, Newcastle Upon Tyne, Tyne And Wear NE15 7XP2
£145K10/220.25 mi14, Wingate Close, West Denton, Newcastle Upon Tyne, Tyne And Wear NE15 7QH2
£140K10/200.28 mi8, Malton Close, Newcastle Upon Tyne, Tyne And Wear NE15 7QJ2
£115K12/230.3 mi1, Moorcroft Close, Newcastle Upon Tyne, Tyne And Wear NE15 7QF2
£110K02/210.3 mi22, Ordley Close, Newcastle Upon Tyne, Tyne And Wear NE15 7XT2
£93K12/230.31 mi53, Warkworth Street, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8ED2
£150K06/210.33 mi32, Morston Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7RZ2
£74K12/200.33 mi12, Woodburn Street, Newcastle Upon Tyne, Tyne And Wear NE15 8EE2
£109K10/220.35 mi75, Kielder Road, Newcastle Upon Tyne, Tyne And Wear NE15 8BW2
£140K12/200.4 mi3, Melrose Close, West Denton, Newcastle Upon Tyne, Tyne And Wear NE15 7SU2
£125K12/230.4 mi11, Melrose Close, West Denton, Newcastle Upon Tyne, Tyne And Wear NE15 7SU2
£173K12/220.4 mi16, Claremont Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 7LB2
£108K10/210.41 mi14, Blyth Court, Newcastle Upon Tyne, Tyne And Wear NE15 8EY2
£125K02/230.46 mi19, Linnel Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7LJ2
£100K04/210.46 mi37, Linnel Drive, Newcastle Upon Tyne, Tyne And Wear NE15 7LJ2
£128K12/220.47 mi20, Neville Road, Newcastle Upon Tyne, Tyne And Wear NE15 7LH2
£170K08/230.56 mi13, St Vincents Close, Newcastle Upon Tyne, Tyne And Wear NE15 7SN2
£113K11/200.56 mi11, St Vincents Close, Newcastle Upon Tyne, Tyne And Wear NE15 7SN2
£167.5K05/240.56 mi10, St Vincents Close, Newcastle Upon Tyne, Tyne And Wear NE15 7SN2
£105K02/230.57 mi10, Elmwood, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8TP2
£153K07/230.57 mi3, Elmwood, Lemington, Newcastle Upon Tyne, Tyne And Wear NE15 8TP2
£125K09/210.58 mi96, Broadwood Road, Newcastle Upon Tyne, Tyne And Wear NE15 7TB2
£132.5K09/230.58 mi98, Broadwood Road, Newcastle Upon Tyne, Tyne And Wear NE15 7TB2
£148K12/200.59 mi17, Falstone Avenue, Newcastle Upon Tyne, Tyne And Wear NE15 7RP2

Local Rents

10 rents from £650/mo to £2K/mo, average is £770/mo.

RentDateDistanceAddressBeds 
£67511/240.04 mi-2
£2,00006/240.05 mi-2
£1,80001/250.05 mi-2
£1,75003/250.05 mi-2
£65004/240.06 mi-2
£67505/240.3 miSt. Georges Terrace Bells Close, Newcastle Upon Tyne, NE152
£79506/240.41 miWishaw Rise, Lemington2
£65002/250.42 mi-2
£84505/240.51 miArundel Drive, West Denton2
£74511/240.57 mi-2

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.90 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £105,000

February 21, 2025

Description

  • Two Bedrooms +

  • Dining Kitchen +

  • Two Beautiful Bathrooms +

  • Rear Courtyard +

  • Council Tax Band A +

  • EPC Rating D +

A WELL PRESENTED mid terraced home with front garden and lovely enclosed courtyard. The living space includes a lounge, a BREAKFASTING KITCHEN, two double bedrooms and TWO BEAUTIFUL BATHROOMS. This property will appeal to a wide range of buyers including first time buyers, investors and those simply seeking to down-size. Viewing is highly recommended.

Agent Details

Sarah Mains Residential Sales and Lettings, Newcastle

0191 625 0816

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪