2 Bed Flat, Single Let, Washington, NE38 0HS, £55,000

Alnwick Court, Oxclose, Washington, Tyne And Wear, NE38 0HS - a month ago

Sold STC
Leasehold
BTL
ROI: 19%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£40K - £275K
Sold Prices/m²£653/m² - £24.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£68,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£595 - £2,200

Rent Estimate

£598

Running Costs/mo

£311

Cashflow/mo

£287

Cashflow/yr

£3,438

ROI

19%

Gross Yield

13%

Local Sold Prices

39 sold prices from £40K to £275K, average is £70K. £653/m² to £24.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£52K08/230.03 mi98, Bamburgh Close, Washington, Tyne And Wear NE38 0HR2
£60K01/230.05 mi9, Lumley Close, Washington, Tyne And Wear NE38 0HX2
£52.5K08/220.13 mi116, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£70K06/230.13 mi131, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£55K06/220.16 mi8, Dunstanburgh Close, Washington, Tyne And Wear NE38 0JE2
£55K10/220.21 mi13, Witton Court, Washington, Tyne And Wear NE38 0JH2
£40K12/200.21 mi15, Witton Court, Washington, Tyne And Wear NE38 0JH2
£50K08/220.27 mi48, Warkworth Close, Washington, Tyne And Wear NE38 0JN2
£72.5K07/230.28 mi89, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£85K06/230.28 mi87, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£80.5K10/220.36 mi6, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£63.1K11/200.39 mi3, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£72.5K02/230.39 mi24, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£85K09/230.41 mi55, Grizedale, Washington, Tyne And Wear NE37 1TZ2
£59.5K02/210.44 mi8, Lingmell, Washington, Tyne And Wear NE37 1TN2
£50K11/220.45 mi1, Lingmell, Washington, Tyne And Wear NE37 1TN2
£80K11/220.47 mi34, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ2
£79.5K07/220.51 mi64, Lingmell, Washington, Tyne And Wear NE37 1TT2
£70K08/230.55 mi34, Westernmoor, Washington, Tyne And Wear NE37 1LP2
£40K06/230.58 mi14, Mardale, Washington, Tyne And Wear NE37 1TH2
£43K04/210.59 mi49, Newstead Court, Washington, Tyne And Wear NE38 7PF2
£74K04/230.64 mi8, Fell Close, Washington, Tyne And Wear NE37 1AX2
£71K10/210.76 mi2, Teal Close, Washington, Tyne And Wear NE38 0EA2
£62K05/230.77 mi10, Brackenway, Washington, Tyne And Wear NE37 1AW2
£97.5K08/220.77 mi14, Burtree, Washington, Tyne And Wear NE38 0RA2
£60K09/220.77 mi8, Brackenway, Washington, Tyne And Wear NE37 1AW2
£70K06/210.8 mi19, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£82K03/230.8 mi35, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£75K07/230.81 mi40, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£75K08/220.85 mi11, Sandpiper Close, Washington, Tyne And Wear NE38 0EG2
£60K09/220.85 mi23, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£90K07/220.86 mi29, Chacombe, Washington, Tyne And Wear NE38 7HB2
£96.5K07/230.86 mi31, Chacombe, Washington, Tyne And Wear NE38 7HB2
£72.5K12/230.88 mi30, Burnway, Washington, Tyne And Wear NE37 1BQ2
£67K12/230.88 mi40, Burnway, Washington, Tyne And Wear NE37 1BQ2
£71K01/230.88 mi37, Burnway, Washington, Tyne And Wear NE37 1BQ2
£67.5K03/210.89 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2
£275K12/200.92 mi20, Liberty Green, Washington, Tyne And Wear NE38 7UA2
£67.5K03/210.93 mi5, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR2

Local Rents

14 rents from £595/mo to £2.2K/mo, average is £705/mo.

RentDateDistanceAddressBeds 
£59512/240.08 miLumley Close, Washington, Tyne and Wear, NE38 0HX2
£62503/250.12 mi-2
£65007/240.19 mi62 Stridingedge2
£2,20006/240.19 mi-2
£2,20006/240.19 mi-2
£2,20002/250.19 mi-2
£2,20003/250.19 mi-2
£60012/240.34 miMitford Close, Oxclose, Washington, NE382
£79511/240.36 mi-2
£59512/240.37 mi-2
£62503/250.39 mi-2
£76004/250.47 mi-2
£82504/240.51 mi-2
£62505/240.51 mi-2

Local Area Statistics

Population in NE38

31,232

Population in Washington

52,264

Town centre distance

0.81 miles away

Nearest school

0.10 miles away

Nearest train station

3.43 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £55,000

February 28, 2025

Floor Plans

Description

  • Two Bedroom Flat +
  • Ground Floor Accommodation +
  • No Onward Chain +
  • Garden +
  • EPC Rating: Awaiting +
  • Council Tax Band A +

Situated on a popular estate, this well-presented ground-floor flat offers a perfect blend of comfort and convenience. With its own private garden space, this property is ideal for those looking for easy access to local amenities while enjoying outdoor space.

The layout comprises an entrance hallway leading to two well-sized bedrooms, a bathroom with a shower over the bath, and a spacious kitchen/dining area that opens directly to the garden, providing a great space for warmer months.

This property is offered to the market with no onward chain, making for a straightforward and stress-free purchase.

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.

QWS250043/2

Agent Details

YOUR MOVE Chris Stonock, Washington

0191 625 0779

Next Steps?

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