3 Bed Terraced House, Single Let, Newcastle upon Tyne, NE3 2LH, £195,000

Park Avenue, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 2LH - 21 days ago

BTL
ROI: 1%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£90K - £360K
Sold Prices/m²£891/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£212,737
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Rent Range

£850 - £1,500

Rent Estimate

£850

Running Costs/mo

£799

Cashflow/mo

£51

Cashflow/yr

£608

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £90K to £360K, average is £217.5K. £891/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£151K04/210.06 mi98, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2LH3
£156K04/210.06 mi122, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2LH3
£220K04/210.06 mi28, Thropton Crescent, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3HT3
£287K02/240.06 mi26, Thropton Crescent, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3HT3
£132.5K03/210.1 mi7, Ford Grove, Newcastle Upon Tyne, Tyne And Wear NE3 2NL3
£227.5K02/240.1 mi10, Ford Grove, Newcastle Upon Tyne, Tyne And Wear NE3 2NL3
£155K04/230.11 mi1, Kirkley Close, Newcastle Upon Tyne, Tyne And Wear NE3 2LJ3
£300K08/210.11 mi18, Brinkburn Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3HU3
£285K12/230.11 mi1, Brinkburn Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3HU3
£312K04/240.11 mi19, Brinkburn Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3HU3
£176K06/230.12 mi6, Lesbury Chase, Newcastle Upon Tyne, Tyne And Wear NE3 2NN3
£90K06/210.14 mi4, Weldon Way, Newcastle Upon Tyne, Tyne And Wear NE3 3HX3
£360K01/230.15 mi2, Guyzance Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3HP3
£195K09/210.16 mi15, Glanton Wynd, Newcastle Upon Tyne, Tyne And Wear NE3 2LQ3
£127.8K12/200.16 mi74, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2LE3
£239.9K07/210.17 mi167, Regent Farm Road, Newcastle Upon Tyne, Tyne And Wear NE3 3HE3
£290K10/230.17 mi100, Regent Farm Road, Newcastle Upon Tyne, Tyne And Wear NE3 3HE3
£157K06/210.18 mi30, Norham Road, Newcastle Upon Tyne, Tyne And Wear NE3 2LN3
£165K04/210.22 mi2, Whalton Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3PA3
£257.5K01/210.22 mi40, Warkworth Crescent, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3JA3
£157K01/210.24 mi16, Kielder Way, Newcastle Upon Tyne, Tyne And Wear NE3 2LP3
£106.3K12/200.24 mi15, Eshott Close, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3PD3
£184K03/240.25 mi4, Beadnell Way, Newcastle Upon Tyne, Tyne And Wear NE3 3HB3
£268K05/230.25 mi137, Regent Farm Road, Newcastle Upon Tyne, Tyne And Wear NE3 3HD3
£215K12/200.25 mi64, Regent Farm Road, Newcastle Upon Tyne, Tyne And Wear NE3 3HD3
£169K08/230.25 mi20, Aln Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 2LU3
£135K11/230.25 mi52, Aln Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 2LU3
£158K01/210.26 mi9, Beal Way, Newcastle Upon Tyne, Tyne And Wear NE3 3EY3
£155K12/200.28 mi133, Jubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3PN3
£240K01/240.28 mi125, Jubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3PN3
£285K03/210.28 mi26, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2LD3
£314K12/220.28 mi63, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2LD3
£210K06/230.29 mi59, Broadway West, Newcastle Upon Tyne, Tyne And Wear NE3 2NE3
£215K03/210.3 mi49, Marlborough Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HT3
£220K02/210.3 mi15, Marlborough Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HT3
£290K02/210.3 mi19, Marlborough Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HT3
£325K08/230.3 mi51, Marlborough Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HT3
£334.8K02/230.3 mi17, Princes Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HR3
£268.5K09/230.3 mi11, Princes Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2HR3
£161K02/230.31 mi12, Howick Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2NA3
£250K12/230.31 mi9, Laurel Avenue, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2RP3
£232K06/240.32 mi2, Welford Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3UX3
£215K01/210.33 mi70, Broadway West, Newcastle Upon Tyne, Tyne And Wear NE3 2HY3
£266.3K01/230.33 mi62, Broadway West, Newcastle Upon Tyne, Tyne And Wear NE3 2HY3
£200K09/230.34 mi4, Beech Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2RN3
£190K11/230.34 mi2, Beech Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 2RN3
£195.5K03/210.36 mi30, Redesdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3PP3
£335K08/230.36 mi10, Park Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 2HL3
£235K02/240.37 mi5, Fern Avenue, Fawdon, Newcastle Upon Tyne, Tyne And Wear NE3 2AL3
£250K12/230.37 mi3, Marlborough Approach, Newcastle Upon Tyne, Tyne And Wear NE3 2HX3

Local Rents

18 rents from £850/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.12 mi-3
£1,47506/240.18 miHolystone Avenue, Gosforth 3
£1,20005/240.23 mi-3
£1,10006/240.26 miBeal Way, Newcastle Upon Tyne3
£1,00005/240.33 miJubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE33
£1,00002/250.35 mi-3
£85007/240.41 mi-3
£85007/240.41 miEdgefield Avenue, Newcastle Upon Tyne, NE33
£1,25006/240.44 miLayfield Road, Brunton Park, Gosforth, NE33
£85005/240.44 mi-3
£1,10007/240.45 mi3 Bedroom Terraced House to Let on Mary Agnes Street, Gosforth, Newcastle Upon Tyne3
£1,15012/230.45 mi-3
£1,19506/240.47 mi3 Bedroom House in Gosforth, Newcastle3
£89505/240.52 miAcomb Crescent, Red House Farm3
£90005/240.57 mi-3
£85001/240.58 mi-3
£1,10005/240.58 mi-3
£1,50005/240.6 miLanesborough Court, Gosforth3

Local Area Statistics

Population in NE3

53,771

Population in Newcastle upon Tyne

381,037

Town centre distance

1.08 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £195,000

February 25, 2025

Floor Plans

Description

  • Three Bedroomed Home +
  • Additional Fourth Bedroom/Utility +
  • Council Tax Band B +
  • EPC Rating D +
  • Ideal Family Home +

This three bedroomed semi detached home would suite an array of purchasers. Located in the Gosforth area of Newcastle which has an array of amenities to include local shops, public transport links and Wansbeck metro station all within walking distance.
Newcastle City Centre, Kingston Park Retail Park, Newcastle International airport, Universities and Hospitals are all also easily accessible.

The property itself comprises of:- entrance hallway, lounge, dining room and modern kitchen with integrated appliances. There is a sep wc and also a fourth bedroom/study room to the ground floor which is currently uses as a utility room. Stairs lead upto the first floor which has three good sized bedrooms and a shower room.
Externally there is a garden to the front with paved and gravelled area. The rear has an enclosed well kept and mature garden.

PLEASE CALL GOSFORTH FOR FURTHER INFORMATION OR TO VIEW.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Gosforth

0191 625 0224

Next Steps?

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