2 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE4 8DX, £129,950

Coventry Gardens, Grainger Park, Newcastle upon Tyne, Tyne and Wear, NE4 8DX - 17 days ago

BTL

ROI: 2%

~68 m²

+6 photos

ValuationOvervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,488£32,488
Stamp Duty & Legal Fees	£5,099£5,099
Total Cash In	£37,586£37,586

Cash Out
Rent Range	£595 - £1,125£595 - £1,125
Rent Estimate	£595
Running Costs/mo	£545£545
Cashflow/mo	£50£50
Cashflow/yr	£599£599
ROI	2%2%
Gross Yield	5%5%

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Local Rents

29 rents from £595/mo to £1.1K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£600	06/24	0.07 mi	Axbridge Gardens, Newcastle upon Tyne, NE4	2	Flat
£695	07/24	0.07 mi	-	2	Flat
£595	12/24	0.07 mi	-	2	Flat
£595	07/24	0.07 mi	Axbridge Gardens, Newcastle Upon Tyne, NE4	2	Flat
£725	06/24	0.08 mi	Brancepeth Avenue, Newcastle Upon Tyne	2	Flat
£725	07/24	0.08 mi	Brancepeth Avenue, Newcastle Upon Tyne	2	Flat
£850	07/24	0.24 mi	-	2	Flat
£850	03/25	0.24 mi	-	2	Flat
£800	12/24	0.29 mi	-	2	Terraced House
£850	06/24	0.36 mi	-	2	Semi-Detached House
£675	05/24	0.38 mi	Marie Curie Drive, Elswick	2	Flat
£650	06/24	0.38 mi	Marie Curie Drive, Newcastle Upon Tyne	2	Flat
£650	06/24	0.38 mi	Marie Curie Drive, Newcastle Upon Tyne	2	Flat
£800	12/24	0.38 mi	-	2	Flat
£850	05/24	0.38 mi	-	2	Terraced House
£800	07/24	0.39 mi	191 Hampstead Road	2	Flat
£795	05/24	0.39 mi	Hampstead Road, Newcastle Upon Tyne, NE4	2	Flat
£1,125	01/25	0.44 mi	-	2	Flat
£895	05/24	0.45 mi	-	2	House
£995	01/25	0.45 mi	-	2	Flat
£750	05/24	0.49 mi	Fenham, Newcastle upon Tyne	2	Flat
£800	12/24	0.5 mi	-	2	Flat
£650	06/24	0.5 mi	-	2	Flat
£875	11/24	0.53 mi	-	2	Flat
£800	05/24	0.56 mi	-	2	Terraced House
£825	06/24	0.57 mi	Hartington Street, Elswick, Newcastle-upon-Tyne	2	Flat
£850	06/24	0.57 mi	Sovereign Place, Newcastle upon Tyne, Tyne and Wear, NE4	2	Terraced House
£900	03/25	0.58 mi	-	2	Semi-Detached House
£950	07/24	0.6 mi	Wingrove Avenue, Newcastle upon Tyne	2	Flat

Local Area Statistics

Population in NE4	37,91537,915
Population in Newcastle upon Tyne	381,037381,037
Town centre distance	2.72 miles away2.72 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.86 miles away0.86 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £129,950

February 28, 2025

Description

Semi Detached House +
Two Bedrooms +
Two Bathrooms +
Off Street Parking +
Viewing Recommended +

Two Reception Rooms - Two Bathrooms - Off Street Parking

We have the pleasure to offer for sale this appealing two bedroom semi detached house located on Coventry Gardens, Grainger Park. The property is close to an excellent range of shops, has great bus links to Newcastle city centre and benefits from a number of local schools. The accommodation briefly comprises: entrance hallway, lounge, dining room, kitchen, utility, bathroom, stairs to first floor, two bedrooms (both double) and further family bathroom. The property has off street parking to the front and a garden to the rear. We would highly recommend an early viewing to fully appreciate the property on offer. For more information contact the West Road branch.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, West Road

0191 625 0804

Next Steps?

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

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