3 Bed Semi-Detached House, Cash/Bridging Only, Newcastle upon Tyne, NE7 7AT, £325,000

Stanway Drive, High Heaton, Newcastle upon Tyne, NE7 7AT - 13 days ago

Cash
~93 m²
+13 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£35,501

Bridging Loan Interest

£8,531

Total Cash In

£148,232

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£321,750

Mortgage (After Refinance)

£241,313

Mortgage LTV

75%

Cash Left In

£148,232

Equity

£80,438

Rent Range

£800 - £2,250

Rent Estimate

£1,224

Running Costs/mo

£1,270

Cashflow/mo

£-46

Cashflow/yr

£-555

Gross Yield

5%













Local Rents

33 rents from £800/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35007/240.15 miBoundary Gardens, High Heaton, Newcastle upon Tyne, NE73
£1,25006/240.18 miMitcham Crescent, High Heaton3
£1,39506/240.18 miFreeman Road, High Heaton, Newcastle Upon Tyne3
£1,05001/250.25 mi-3
£1,30002/250.25 mi-3
£1,60006/240.27 miCloverdale Gardens, High Heaton, NE73
£1,60006/240.27 miCloverdale Gardens, High Heaton, NE73
£1,30001/250.28 mi-3
£1,20003/250.32 mi-3
£1,10006/240.32 miTeesdale Gardens, High Heaton, Newcastle Upon Tyne3
£1,10007/240.32 miTeesdale Gardens, High Heaton, Newcastle Upon Tyne3
£1,10007/240.4 miTeviotdale Gardens, High Heaton3
£90002/250.44 mi-3
£1,90005/240.44 miAdderstone Crescent, Newcastle Upon Tyne, Tyne and Wear, NE23
£2,20005/240.51 miLindisfarne Road, Jesmond, Newcastle upon Tyne, NE23
£80006/240.53 miWiseton Court, Longbenton3
£1,25006/240.53 miHolystone Crescent, High Heaton, Newcastle Upon Tyne3
£90006/240.54 mi-3
£90006/240.54 miVicars Lane, Newcastle Upon Tyne, NE73
£1,25006/240.54 miHolystone Crescent, High Heaton3
£97505/240.54 mi-3
£2,25005/240.54 miDene Grange, Lindisfarne Road, Jesmond3
£1,09502/240.55 mi-3
£87511/230.58 mi-3
£98003/240.59 mi-3
£1,10008/240.59 mi-3
£1,05007/240.59 miActon Place, Newcastle Upon Tyne, NE73
£92505/240.6 miMaybury Villas, Longbenton3
£95005/240.6 mi-3
£95001/250.6 mi-3
£1,36506/240.6 miDene Terrace, South Gosforth, Newcastle, Tyne and Wear3
£1,20012/240.61 mi-3
£1,20012/240.62 mi-3

Local Area Statistics

Population in NE7

15,457

Population in Newcastle upon Tyne

381,037

Town centre distance

2.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £325,000

March 3, 2025

Floor Plans

Description

  • OFFERS INVITED BETWEEN £325,000 - £350,000 +
  • Semi Detached House +
  • Three Bedrooms +
  • Three Reception Rooms +
  • South Facing Garden +
  • Off Street Parking +
  • Attached Garage +
  • No Onward Chain +
  • Located with Good Proximity to Amenities +
  • Good Transport Links +

OFFERS INVITED BETWEEN £325,000 & £350,000 Jan Mitchell Properties are thrilled to welcome this charming three bedroom semi-detached home, ideally located on the ever-popular Stanway Drive in High Heaton. Offering spacious accommodation, this property is perfectly suited for growing families and benefits no onward chain.

The ground floor briefly comprises:- Entrance hall, lounge with bow window that opens up to a sitting room making it a lovely and bright dual aspect space and benefitting a feature fireplace. Furthermore, there is a separate dining room looking out to the rear garden with storage space and a fitted kitchen which offers a range of wall and base units and provides access to the attached garage.

To the first floor, there are three generously sized bedrooms, all of which with built in wardrobes and including a main bedroom with bay window. A spacious four-piece family bathroom, with separate WC, completes the layout. The property also benefits from ample storage, double glazing, and gas central heating throughout.

Externally, there is a paved driveway to the front providing off-street parking for multiple vehicles, leading to the attached garage. To the rear, you'll find a beautiful southerly facing garden with lawned and patio areas, ideal for families and outdoor entertaining.

Location
High Heaton benefits from being close to a range of local amenities including well-regarded schools, shops, supermarkets, the Freeman Hospital, DWP offices, and nearby parks. Excellent transport links also provide easy access to Newcastle city centre and beyond.

Measurements
Lounge - 4.13 x 3.81
Sitting Room - 3.80 x 4.11
Dining Room - 2.33 x 2.73
Kitchen - 2.81 x 2.84
Bedroom One - 3.51 x 3.80
Bedroom Two - 3.51 x 4.11
Bedroom Three - 2.67 x 2.78

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: C (Newcastle City Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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