2 Bed Bungalow, Refurb/BRRR, Newcastle upon Tyne, NE3 4RY, £375,000

Briardene Crescent, Newcastle upon Tyne, Tyne and Wear, NE3 4RY - 17 days ago

Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£60.5K - £550K
Sold Prices/m²£1.1K/m² - £5.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£145,037

 

 

End Value (After Refurb)

£365,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£26,136

Bridging Loan Interest

£9,844

Total Cash In

£157,680

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£365,000

Mortgage (After Refinance)

£273,750

Mortgage LTV

75%

Cash Left In

£157,680

Equity

£91,250

Rent Range

£650 - £1,300

Rent Estimate

£921

Running Costs/mo

£1,345

Cashflow/mo

£-424

Cashflow/yr

£-5,086

Gross Yield

3%

Local Sold Prices

50 sold prices from £60.5K to £550K, average is £137.5K. £1.1K/m² to £5.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£270K12/200.03 mi99, Montagu Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4SD2
£550K07/240.04 mi67, Briardene Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4RX2
£320K06/230.32 mi6, Oakfield Terrace, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4RQ2
£133K03/240.34 mi8, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NS2
£108K12/200.39 mi5, Stormont Green, Newcastle Upon Tyne, Tyne And Wear NE3 4TD2
£132K12/200.4 mi57, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT2
£140K05/240.4 mi55, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT2
£170K02/240.4 mi67, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT2
£158K03/240.4 mi57, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT2
£257K08/240.41 mi31, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£235K12/200.41 mi46, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ2
£216.3K09/210.41 mi47, Eastwood Gardens, Newcastle Upon Tyne, Tyne And Wear NE3 3DP2
£275K10/230.42 mi32, Northfield Road, Newcastle Upon Tyne, Tyne And Wear NE3 3UN2
£122K11/210.42 mi3, Evesham Garth, Newcastle Upon Tyne, Tyne And Wear NE3 4TX2
£125K03/230.44 mi7, Earsdon Road, Newcastle Upon Tyne, Tyne And Wear NE3 4TY2
£92.5K11/200.46 mi3, High Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 4PW2
£110K08/210.5 mi21, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TA2
£135K06/240.53 mi27, Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear NE3 4TL2
£132K10/230.57 mi55, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TB2
£112K02/210.59 mi12, Dene Bank View, Newcastle Upon Tyne, Tyne And Wear NE3 4UL2
£131K03/210.61 mi6, Mary Agnes Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XB2
£132.5K03/210.61 mi36, Mary Agnes Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XB2
£120K12/200.61 mi18, Agnes Maria Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XD2
£149.9K07/230.61 mi4, Agnes Maria Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XD2
£150K07/240.62 mi17, Nelson Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3UU2
£158.3K09/230.62 mi20, Nelson Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3UU2
£243K05/230.62 mi108, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP2
£280K11/230.62 mi120, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP2
£270K08/210.62 mi128, Salters Road, Newcastle Upon Tyne, Tyne And Wear NE3 3UP2
£246K03/240.62 mi126, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP2
£135.3K10/210.63 mi20, Farnon Road, Newcastle Upon Tyne, Tyne And Wear NE3 3US2
£120K02/230.67 mi322, Kenton Road, Newcastle Upon Tyne, Tyne And Wear NE3 3XJ2
£287K11/230.67 mi14, Jubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UQ2
£105K06/230.74 mi8, Cloverfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NJ2
£393.3K05/230.74 mi9, Gordon Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4DH2
£97.5K01/230.75 mi24, Cloverfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NJ2
£256K02/210.77 mi17, Causey Street, Newcastle Upon Tyne, Tyne And Wear NE3 4DJ2
£137K05/240.78 mi1, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ2
£128K04/210.78 mi12, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ2
£125K03/230.78 mi11, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ2
£100K01/230.78 mi13, Beadnell Way, Newcastle Upon Tyne, Tyne And Wear NE3 3HB2
£336K10/230.82 mi153, Back High Street, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4ET2
£145K11/230.83 mi6, Fallowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NN2
£138K03/230.83 mi4, Fallowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NN2
£60.5K10/230.83 mi10, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£75K09/210.83 mi32, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£65K07/210.83 mi23, Murrayfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3EY2
£355K09/220.84 mi3, Roseworth Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 1NB2
£96K02/230.85 mi18, Whitgrave Road, Newcastle Upon Tyne, Tyne And Wear NE5 3XJ2
£319K12/220.87 mi19, Regent Road, Newcastle Upon Tyne, Tyne And Wear NE3 1ED2

Local Rents

32 rents from £650/mo to £1.3K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£1,20005/240.11 miBriardene Crescent, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE32
£85002/250.12 mi-2
£80001/240.12 mi-2
£90006/240.2 miDeleval Terrace, Gosforth, NE32
£95005/240.22 miDelaval Terrace, Gosforth, Newcastle upon Tyne2
£77506/240.23 miSalters Road, Gosforth2
£97512/240.23 miAlbany Mews, Montagu Avenue, Gosforth2
£79506/240.23 miWyndham Avenue, Newcastle upon Tyne, Tyne and Wear, NE32
£1,20002/250.24 mi-2
£90007/240.24 miDelaval Terrace, Gosforth, Newcastle upon Tyne2
£87505/240.25 miSalters Road, Gosforth2
£85006/240.25 miDelaval Terrace, Newcastle upon Tyne, Tyne and Wear, NE32
£79505/240.25 miDelaval Terrace, Gosforth, Newcastle Upon Tyne, NE32
£90006/240.27 miDelaval Terrace, Gosforth, NE32
£97507/240.29 miSalters Road, Gosforth, Newcastle Upon Tyne2
£1,29505/240.29 miMontagu Court, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE32
£97505/240.31 miAshfield Road, Gosforth, Newcastle Upon Tyne2
£99506/240.31 miSalters Road, Gosforth2
£95006/240.32 miSalters Road, Gosforth, Newcastle Upon Tyne2
£1,19505/240.33 miMontagu Court, Gosforth, Newcastle Upon Tyne2
£1,10007/240.34 miSalters Road, Newcastle Upon Tyne, Tyne and Wear, NE3 4HN2
£99506/240.41 miLanesborough Court, Newcastle Upon Tyne2
£1,30007/240.42 miLanesborough Court, Gosforth, NE32
£80006/240.49 miSalters Road, Gosforth, Newcastle upon Tyne2
£75006/240.5 miHigh Meadows, Newcastle Upon Tyne, NE32
£75006/240.5 mi-2
£85005/240.53 mi-2
£65012/240.6 mi-2
£80002/250.61 mi-2
£87505/240.62 miBroomfield Road, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE32
£75005/240.62 miNorth Avenue, Gosforth, Newcastle Upon Tyne, NE32
£70006/240.62 miAshover Road, Kenton, Newcastle Upon Tyne, NE32

Local Area Statistics

Population in NE3

53,771

Population in Newcastle upon Tyne

381,037

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £375,000

February 26, 2025

Floor Plans

Description

  • Two-bedroom semi-detached bungalow. +
  • Driveway and garage for off-street parking. +
  • Bay-fronted living room leading to dining area. +
  • Versatile rear reception space. +
  • Lawned rear garden, ideal for outdoor relaxation. +
  • Sought-after Gosforth location with excellent amenities. +
  • Offering potential for modernisation. +

Welcome to Briardene Crescent, a delightful two-bedroom semi-detached bungalow situated in the highly sought-after area of Gosforth. Set back from the road, the property benefits from a front garden and a driveway providing off-street parking, leading to a garage for additional storage or vehicle space.

Upon entering the home, you step into an entrance lobby, which leads into a central hallway providing access to all main rooms. The living room, located at the front of the property, features a charming bay window that allows natural light to flood the space, creating a bright and welcoming atmosphere. This room flows seamlessly into the dining area, making it an excellent space for both everyday living and entertaining guests.

Beyond the dining area is a wonderfully versatile reception space at the rear of the bungalow. With windows all around, this room enjoys an abundance of natural light and offers a tranquil setting overlooking the garden. Perfect for summer gatherings with friends and family, this space provides access to the rear lobby, which in turn leads to the lawned rear garden, an additional WC, and the garage.

The kitchen features a selection of base and wall units, with potential for further customisation to suit modern needs. A window looks into the rear reception room, maintaining a connection with the rest of the home.

The primary bedroom, located at the front of the property, benefits from a window that enhances the sense of space and light. The second bedroom enjoys a rear-facing aspect, offering a peaceful retreat overlooking the garden.

Externally, the private rear garden is mainly laid to lawn, providing an excellent outdoor space for relaxation or gardening enthusiasts. The garage is accessible via the rear lobby and offers valuable storage or workshop potential.

Gosforth’s is known for it's excellent range of local shops, cafes, and transport links, making it an attractive option for those seeking convenient living in a fantastic location.

MATERIAL INFORMATION

Broadband Estimated Speed/Availability
Standard 11 Mbps
Superfast 80 Mbps
Ultrafast 1800 Mbps

Network coverage is offered by:
Virgin Media, Openreach, Cityfibre

Mobile Coverage is offered by:
Likely - Three, O2, Vodafone, EE

Utilities and Services
Electricity: Mains
Water: Mains
Sewerage: Mains

Mining
The seller does not know if the property is situated on a coalfield. Given the renowned mining history in the North East region, it's advisable to consult a conveyancer to ascertain any potential implications on the property.

Flood Risk
River and Sea: Very Low
Surface Water: Very Low
Other Flood Risk: Unlikely

The risk indicators mentioned are sourced from the Gov.UK website. It is advisable to confirm this with a legal representative. For further details, please refer to the government website.

Conservation Area
We will inform you if we are aware that this property is situated in a conservation area. It is essential for you to verify this with a legal representative regardless.

Tree Preservation
We will inform you if we are aware that this property has a tree preservation order. It is essential for you to verify this with a legal representative regardless.

Planning/Development
We will inform you if we are aware of any planning or development plans at this property or in the surrounding areas. The vendor may not have complete awareness of all planning and development applications in the nearby areas, therefore it is essential for you to verify this with a legal representative regardless.

Accessibility
Should you have any enquiries regarding accessibility or require further information on this matter, please do not hesitate to contact the office.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, 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. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

GOS240214/2

Agent Details

Reeds Rains, Gosforth

0191 625 0158

Next Steps?

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