2 Bed Flat, Single Let, Newcastle upon Tyne, NE16 5QD, £90,000

Longwod Close, Sunniside, Newcastle upon Tyne, NE16 5QD - 19 days ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£48K - £295K
Sold Prices/m²£700/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£101,211
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£610

Running Costs/mo

£423

Cashflow/mo

£187

Cashflow/yr

£2,244

ROI

8%

Gross Yield

8%

Local Sold Prices

36 sold prices from £48K to £295K, average is £86.5K. £700/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£96.3K03/230.01 mi53, Longwood Close, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5QD2
£85K07/220.09 mi26, Longwood Close, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5QB2
£75K12/220.15 mi15, Calder Walk, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5XS2
£92.5K06/230.23 mi184, Kingsway, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5XB2
£85K03/220.23 mi208, Kingsway, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5XB2
£70K01/230.25 mi20, Dunnock Drive, Sunniside, Newcastle Upon Tyne, Tyne And Wear NE16 5XJ2
£135K11/230.43 mi18, Napier Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5QH2
£135K08/210.43 mi3, Napier Court, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5QH2
£120K08/220.52 mi18, Thornley Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TG2
£135K02/230.55 mi43, Wansford Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TA2
£106K01/210.85 mi31, Ancrum Way, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5RW2
£113K06/210.97 mi26, Marston Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BS2
£134.6K10/230.97 mi14, Marston Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5BS2
£119K04/211.05 mi26, Ravenscar Close, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5TW2
£113.5K12/201.13 mi61, Leasyde Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5UF2
£117.5K04/231.25 mi34, Corsair, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 5YB2
£65K10/201.33 mi4a, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN2
£65K10/201.33 mi4a, West Street, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4AN2
£84.7K11/221.48 mi21, Coalway Lane, Whickham, Newcastle Upon Tyne, Tyne And Wear NE16 4BX2
£295K01/211.58 miApartment 1, The Mansion House, Mansion Heights, Gateshead, Tyne And Wear NE11 9DA2
£88.5K08/221.81 mi50, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB2
£91.5K11/231.84 mi36, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£88K11/221.84 mi28, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£91K04/221.84 mi37, Rosebud Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DF2
£48K05/221.85 mi75, Ridley Gardens, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3HT2
£65K07/211.86 mi75, Axwell Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JS2
£75K11/221.86 mi38, Oak Avenue, Gateshead, Tyne And Wear NE11 9UQ2
£74K01/231.87 mi51, Axwell Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3JS2
£65K07/231.87 mi17, Park Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BU2
£52K08/221.87 mi14, Napier Road, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BT2
£55K03/221.87 mi79, Park Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3BU2
£70K01/211.94 mi64, Oak Avenue, Gateshead, Tyne And Wear NE11 9UR2
£70K10/201.94 mi3, Lyndhurst Terrace, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DY2
£77K09/231.96 mi1, Firwood Gardens, Gateshead, Tyne And Wear NE11 0DL2
£97K08/211.97 mi17, Broadmeadows Close, Swalwell, Newcastle Upon Tyne, Tyne And Wear NE16 3DD2
£68.5K06/211.99 mi22, Holly Avenue, Gateshead, Tyne And Wear NE11 9UT2

Local Rents

13 rents from £500/mo to £850/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£75002/250.16 mi-2
£74511/240.17 mi-2
£70002/250.17 mi-2
£82501/250.19 mi-2
£65006/240.21 miKingsway, Sunniside, NE162
£62506/240.24 miKingsway, Sunniside, NE162
£59506/240.25 miDunnock Drive, Sunniside, Newcastle upon Tyne, NE162
£69503/240.26 mi-2
£50006/240.61 miCuthbert Street, Marley Hill, Newcastle Upon Tyne, NE162
£75007/240.97 miMarston Walk, Whickham2
£75006/241.02 miWhaggs Lane, Whickham, Newcastle Upon Tyne, NE162
£65006/241.06 miFellside Mews, Whickham, Newcastle Upon Tyne2
£85011/241.12 mi-2

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

5.73 miles away

Nearest school

0.70 miles away

Nearest train station

2.20 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £90,000

February 24, 2025

Floor Plans

Description

  • Two Generous Bedrooms +
  • Spacious Living/Dining Room +
  • Good Size Kitchen +
  • Contemporary Bathroom +
  • Lots Of Storage +
  • Views Over a Green +
  • Front Garden with Shrubs +
  • Off Street Parking +
  • Garage with Electricity +
  • Close to Local Amenities +

Inviting Offers Between £90,000 and £100,000 for this well presented two-bedroom apartment on the first floor boasts contemporary décor throughout, a garage and overlooks green space. The property features a spacious living room, a well-equipped kitchen, two generous double bedrooms, and a bathroom. Additionally, it comes with a garage located in a nearby block. Given its wonderful presentation and prime location, we anticipate significant interest and recommend scheduling a viewing soon. Ground Floor Hall - 0.88m x 1.13m (2'10" x 3'8") First Floor This charming first-floor flat features a welcoming hallway that leads to two generously sized bedrooms, providing plenty of space for relaxation or work. The well-equipped kitchen offers modern appliances and ample counter space, making it perfect for preparing meals. The spacious living/dining room is ideal for both entertaining and quiet evenings, providing a comfortable area to unwind. The contemporary bathroom has sleek fixtures, offering a stylish and functional space. Throughout the flat, you'll find plenty of storage, ensuring everything has its place. The property boasts lovely views over a tranquil green area at the rear, adding a peaceful touch to this wonderful living space. Upstairs Hall - 0.98m x 2.27m (3'2" x 7'5") Living/Dining Room - 4.42m x 3.29m (14'6" x 10'9") Kitchen - 2.69m x 2.37m (8'9" x 7'9") Bedroom One - 3.8m x 3.11m (12'5" x 10'2") Bedroom Two - 3.01m x 2.73m (9'10" x 8'11") Bathroom - 1.88m x 1.66m (6'2" x 5'5") Externally The exterior of the property features a well-maintained front lawn bordered with mature shrubs along the edges. Additionally, there is a single garage with electricity situated in a nearby block. Disclaimer Whilst we endeavour to ensure our sales particulars are accurate and reliable, 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. Any services, systems and appliances listed in this specification have not been tested by WalkersXchange therefore we cannot give a guarantee as to their operating ability or efficiency. All measurements have been taken as a guide to prospective buyers only.

Agent Details

WalkersXchange, Sunniside & the North East

0191 743 9208

Next Steps?

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