3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE16 5LY, £239,995

Laburnum Grove, Sunniside, Newcastle Upon Tyne, NE16 5LY - 12 days ago

Refurb/BRRR
~93 m²
+19 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,999

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£35,600

Bridging Loan Interest

£6,300

Total Cash In

£116,848

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,000

Mortgage (After Refinance)

£172,500

Mortgage LTV

75%

Cash Left In

£116,848

Equity

£57,500

Rent Range

£500 - £2,200

Rent Estimate

£907

Running Costs/mo

£920

Cashflow/mo

£-13

Cashflow/yr

£-158

Gross Yield

5%













Local Rents

50 rents from £500/mo to £2.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82501/250.09 mi-2
£74511/240.15 mi-2
£75010/240.18 mi-3
£70002/250.19 mi-2
£85002/240.26 mi-3
£75002/250.26 mi-2
£69503/240.26 mi-2
£65006/240.29 miKingsway, Sunniside, NE162
£62506/240.32 miKingsway, Sunniside, NE162
£59506/240.33 miDunnock Drive, Sunniside, Newcastle upon Tyne, NE162
£1,80006/240.33 miPrimrose Drive, Sunniside, Newcastle Upon Tyne, Tyne and Wear, NE164
£50006/240.57 miCuthbert Street, Marley Hill, Newcastle Upon Tyne, NE162
£1,25006/240.77 miMarley Hill, Marley Hill, Newcastle upon Tyne, Tyne and Wear, NE16 5DT3
£75007/241.07 miMarston Walk, Whickham2
£75006/241.09 miWhaggs Lane, Whickham, Newcastle Upon Tyne, NE162
£85007/241.1 mi-3
£85006/241.1 miThe Drive, Whickham, Newcastle Upon Tyne, NE163
£1,20005/241.15 miCarrsyde Close, Whickham, Newcastle Upon Tyne, NE163
£65006/241.16 miFellside Mews, Whickham, Newcastle Upon Tyne2
£75005/241.18 miBroadpool Green, Whickham, Newcastle upon Tyne, Tyne and Wear, NE16 4RH3
£1,20009/231.19 mi-3
£1,20009/241.19 mi-3
£85011/241.23 mi-2
£75008/241.34 mi-2
£95006/241.35 mi-3
£60005/241.38 miWest Street, Whickham, Newcastle upon Tyne, Tyne and wear, NE16 4AN2
£1,20007/241.39 miRavensworth Park Estate, Gateshead, NE112
£1,20008/241.39 mi-2
£1,20002/251.39 mi-2
£1,70010/231.39 mi-5
£2,20003/251.39 mi-5
£75007/241.41 miBullfinch Drive, Whickham2
£1,60006/241.41 mi-3
£75005/241.43 miThe Hermitage, Whickham Front Street, NE162
£80006/241.43 miThe Hermitage, Whickham Front Street, NE162
£85006/241.47 miHawksbury, Whickham, NE162
£95003/251.49 mi-2
£1,00005/241.51 miOtterburn Gardens, Whickham, Newcastle upon Tyne, Tyne and Wear, NE163
£77501/251.56 mi-2
£69503/251.56 mi-2
£85010/241.58 mi-3
£89506/241.59 mi-2
£85005/241.6 miOld Ravensworth Farm, Lamesley, NE112
£85005/241.6 miMansion Heights, Gateshead1
£85005/241.6 miMansion Heights, Gateshead1
£1,30006/241.62 mi-3
£1,05008/241.74 mi-2
£1,05007/241.74 miCragside Gardens, Gateshead, NE112
£65003/251.81 mi-1
£99507/241.83 miMalvern Gardens, Lobley Hill, Gateshead3

Local Area Statistics

Population in NE16

25,637

Population in Newcastle upon Tyne

381,037

Town centre distance

5.80 miles away

Nearest school

0.80 miles away

Nearest train station

2.21 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £239,995

March 3, 2025

Floor Plans

Description

Sylvester Properties are delighted to welcome to the sales market this three-bedroom property located on the charming estate of Laburnum Grove within Sunniside. This property is in need of some refurbishment but has the potential to be a perfect long-term family home.

The layout of the home comprises; to the ground floor a spacious lounge overlooking the front of the property, leading into a dining room with glazed patio internal doors. The kitchen is located toward the rear of the home, which provides access to the properties utility room and internal garage.

To the first floor there are three generously sized bedrooms, the master of which is complete with built in storage cupboards already in place. A bathroom housing a walk-in shower and wash basin can be located to the first floor alongside a separate WC.

Externally, the property comes with a well-presented garden to the front as well as a paved driveway and single internal garage. There is also a lawned garden to the rear.

Agent Details

Sylvester Properties, Stanley

01202 145447

Next Steps?

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

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