2 Bed Terraced House, Refurb/BRRR, Gateshead, NE9 6YS, £75,000

Beacon Lough Road, Gateshead, Tyne And Wear, NE9 6YS - 5 views - 19 days ago

Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£49.5K - £270K
Sold Prices/m²£669/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£75,750

 

 

End Value (After Refurb)

£132,237

Uplift in Value

+76%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£26,073

Bridging Loan Interest

£1,969

Total Cash In

£53,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£132,237

Agent Fees (1%)

£1,322

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£21,173

Local Sold Prices

49 sold prices from £49.5K to £270K, average is £172K. £669/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£103K06/210 mi2, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6YS2
£100K12/200.07 mi11, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£122.5K04/210.14 mi10, Carlisle Place, Gateshead, Tyne And Wear NE9 6YW2
£158K03/210.16 mi36, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£170K02/230.16 mi32, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£220K09/230.19 mi4, Loweswater Road, Gateshead, Tyne And Wear NE9 6TN2
£105K07/240.21 mi23, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YH2
£155K09/230.21 mi80, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA2
£190K02/230.21 mi38, Southend Road, Gateshead, Tyne And Wear NE9 6XT2
£185.5K04/230.23 mi20, Lanthwaite Road, Gateshead, Tyne And Wear NE9 6TL2
£161K03/230.23 mi1, Buttermere Gardens, Gateshead, Tyne And Wear NE9 6TP2
£197.5K11/210.24 mi18, Whinlatter Gardens, Gateshead, Tyne And Wear NE9 6TJ2
£145K11/210.27 mi9, Ennerdale Gardens, Gateshead, Tyne And Wear NE9 6TQ2
£140K04/230.27 mi2, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NN2
£142.5K02/210.29 mi4, Gatesgarth, Gateshead, Tyne And Wear NE9 6TR2
£190K03/230.3 mi35, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RS2
£184K08/230.3 mi45, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RS2
£190.8K06/210.31 mi29, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS2
£245K07/210.31 mi10a, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS2
£207.5K07/230.31 mi46, Wynbury Road, Gateshead, Tyne And Wear NE9 6TS2
£153K12/200.33 mi17, Larne Crescent, Gateshead, Tyne And Wear NE9 5RP2
£112K10/230.34 mi20, Charnwood Gardens, Gateshead, Tyne And Wear NE9 5SB2
£123K08/230.36 mi8, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£95K06/210.36 mi16, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£49.5K11/220.36 mi39, Gorsehill, Gateshead, Tyne And Wear NE9 6SE2
£150K11/210.36 mi45, Popplewell Gardens, Gateshead, Tyne And Wear NE9 6TU2
£181.3K03/240.36 mi13, Popplewell Gardens, Gateshead, Tyne And Wear NE9 6TU2
£196K11/230.36 mi19, Popplewell Gardens, Gateshead, Tyne And Wear NE9 6TU2
£270K07/230.36 mi65, Church Road, Gateshead, Tyne And Wear NE9 5RH2
£139.9K12/220.36 mi104, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TB2
£195K09/210.37 mi21, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RR2
£191K10/210.37 mi8, Glynwood Gardens, Gateshead, Tyne And Wear NE9 5RR2
£122K05/210.37 mi11, Southend Terrace, Gateshead, Tyne And Wear NE9 6QL2
£122K10/210.37 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£130K08/230.37 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£205K08/230.39 mi47, Church Road, Gateshead, Tyne And Wear NE9 5RE2
£108K04/210.39 mi63, Queen Elizabeth Avenue, Gateshead, Tyne And Wear NE9 6RE2
£210K10/230.43 mi3, Kinfauns Terrace, Gateshead, Tyne And Wear NE9 5XJ2
£209.9K09/210.44 mi29, Meadow Rise, Gateshead, Tyne And Wear NE9 6GB2
£205K03/210.44 mi15, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£172K02/210.44 mi8, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£230K05/210.44 mi10, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£205K02/240.44 mi19, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£195K12/200.44 mi16, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£240K07/230.44 mi10, Derwent Gardens, Gateshead, Tyne And Wear NE9 5XQ2
£228K03/230.45 mi30, Kells Gardens, Gateshead, Tyne And Wear NE9 5XS2
£129.7K04/210.45 mi106, Easedale Gardens, Gateshead, Tyne And Wear NE9 6PX2
£165K12/200.46 mi44, Home Avenue, Gateshead, Tyne And Wear NE9 6TX2
£210K12/220.46 mi8, Home Avenue, Gateshead, Tyne And Wear NE9 6TX2

Local Rents

32 rents from £480/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£77506/240.08 miPenrith Gardens, Low Fell2
£75006/240.18 miSouthend Road, Sheriff Hill, Gateshead, NE92
£85006/240.19 miLoweswater Road, Low Fell, Gateshead2
£67506/240.19 miSouthend Road, Gateshead2
£75006/240.2 miSouthend Road, Low Fell, Gateshead, Tyne And Wear, NE92
£85006/240.22 miLanthwaite Road, Gateshead2
£75006/240.3 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.3 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.35 miDovedale Gardens, Gateshead, NE9 6NT2
£75006/240.35 miDovedale Gardens, Gateshead, NE9 6NT2
£79507/240.36 miPopplewell Gardens, Low Fell2
£48007/230.37 mi-2
£60006/240.38 miGrisedale Gardens, Low Fell, Gateshead, NE92
£65004/230.42 mi-2
£77506/240.44 miSt. Thomas Street, Gateshead2
£1,55003/230.46 mi-2
£95006/240.46 miDean Street, Low Fell, Gateshead, NE92
£62512/230.5 mi-2
£70007/240.51 mi-2
£70006/240.51 miLow Fell, Gateshead, NE92
£69502/240.51 mi-2
£75003/240.52 mi-2
£75003/240.52 mi-2
£77506/240.54 miGrove Road, Low Fell, NE92
£85006/240.54 miDurham Road, Low Fell, NE92
£72512/230.57 mi-2
£75006/240.57 miDurham Road, Low Fell, Gateshead, NE92
£65008/240.57 mi-2
£60005/240.57 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£68508/230.58 mi-2
£75007/240.58 miEarls Drive, Gateshead2
£80002/230.61 mi-2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £75,000

March 1, 2025

Description

  • NO ONWARD CHAIN +
  • TOTAL REFURBISHMENT REQUIRED +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • MID TERRACE HOUSE +
  • CORNER PLOT +
  • TWO BEDROOMS +
  • GARDENS TO THREE SIDES +
  • ON STREET PARKING +
  • COUNCIL TAX BAND A +

MAIN DESCRIPTION
*NO ONWARD CHAIN*EXCELLENT INVESTMENT OPPORTUNITY***TOTAL REFURBISHMENT REQUIRED***CORNER PLOT***
Fantastic chance to purchase this mid terrace property located in a very popular area with good local shops and amenities. The property does require a total refurbishment but once this work has been carried out the accommodation will make a great family home.

Briefly comprising entrance hallway with stairs leading up to the first floor, living room, kitchen and half landing leading to WC.
The first floor landing allows access into both bedrooms and family bathroom.
Externally the property sits on a corner plot with gardens to three sides, the rear being south facing. Ample on street parking is available. Great renovation project!

ENTRANCE HALLWAY
11' 10" x 6' 1" (3.617m x 1.872m)

LIVING ROOM
20' 9" x 12' 0" (6.325m x 3.680m)

KITCHEN
11' 11" x 8' 4" (3.638m x 2.543m)

HALF LANDING
3' 1" x 3' 1" (0.941m x 0.964m)

WC
4' 7" x 2' 9" (1.407m x 0.842m)

FIRST FLOOR LANDING
6' 1" x 2' 10" (1.874m x 0.867m)

BEDROOM ONE
18' 8" x 10' 8" (5.708m x 3.263m)

BEDROOM TWO
11' 6" x 11' 3" (3.519m x 3.436m)

BATHROOM
9' 1" x 6' 2" (2.773m x 1.888m)

EXTERNALLY
Externally the property sits on a corner plot with gardens to three sides, the rear being south facing. Ample on street parking is available.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a guide only for prospective purchasers and may not be precise. Please contact the office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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