2 Bed Bungalow, Single Let, Newcastle upon Tyne, NE12 9RE, £230,000

22 Station Road, Forest Hall, NE12 9AD - 4 views - a month ago

BTL
61 m²
+5 photos

ValuationOvervalued

Sold Prices£59K - £270K
Sold Prices/m²£868/m² - £4.6K/m²

 

 

Square Metres

61 m²
Price/m²£3.8K/m²

Value Estimate

£124,418

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£550 - £1,900

Rent Estimate

£684

Running Costs/mo

£876

Cashflow/mo

£-192

Cashflow/yr

£-2,299

Gross Yield

4%

Local Sold Prices

52 sold prices from £59K to £270K, average is £137.5K. £868/m² to £4.6K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£131K07/210 mi87, Mead Way, Newcastle Upon Tyne, Tyne And Wear NE12 9RE2
£117K02/230.08 mi32, Mead Court, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9RF2
£170K11/200.11 mi9, Meadway Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9RQ2
£246K04/230.11 mi32, Meadway Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9RQ2
£205K12/230.11 mi30, Meadway Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9RQ2
£126.5K07/230.14 mi6, Rocket Way, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9RL2
£165K02/240.22 mi9, Anne Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9QR2
£165K02/240.22 mi9, Anne Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9QR2
£160K08/240.23 mi99, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LE2
£120K02/210.23 mi114, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LE2
£155.5K03/230.23 mi82, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LE2
£124.5K02/240.23 mi80, Granville Drive, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9LE2
£111.5K11/200.24 mi12, Bamburgh Road, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EX2
£120.5K07/210.26 mi44, Mead Way, Newcastle Upon Tyne, Tyne And Wear NE12 9RB2
£135K08/230.27 mi24, Feetham Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9QL2
£130K10/200.29 mi25, Hillary Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9LS2
£130K04/210.29 mi13, Hillary Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9LS2
£115K05/230.29 mi11, Hillary Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9LS2
£137K04/210.3 mi27, Felton Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9ED2
£160K07/230.3 mi14, Felton Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9ED2
£160K07/230.3 mi36, Felton Drive, Newcastle Upon Tyne, Tyne And Wear NE12 9ED2
£230K04/240.3 mi6, Dovecote Road, Newcastle Upon Tyne, Tyne And Wear NE12 9LL2
£135K09/210.31 mi32, Mead Way, Newcastle Upon Tyne, Tyne And Wear NE12 9RB2
£130K03/210.31 mi12, Cresswell Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9DT2
£148K01/230.32 mi14, Crossley Terrace, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EP2
£130K02/210.32 mi11, Crossley Terrace, Palmersville, Newcastle Upon Tyne, Tyne And Wear NE12 9EP2
£156.5K02/210.34 mi2, Crescent Way, Newcastle Upon Tyne, Tyne And Wear NE12 9AQ2
£145K10/210.36 mi71, Cresswell Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9DU2
£141K10/230.36 mi69, Cresswell Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9DU2
£145K06/240.36 mi43, Cresswell Avenue, Newcastle Upon Tyne, Tyne And Wear NE12 9DU2
£150K12/220.36 mi26, Garden Croft, Newcastle Upon Tyne, Tyne And Wear NE12 9LT2
£137K05/230.36 mi7, Ashwood Close, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9PZ2
£205K09/230.38 mi17, East Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 9AU2
£210K02/240.38 mi15, East Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 9AU2
£210K02/240.38 mi15, East Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 9AU2
£177.5K05/240.39 mi30, The Wynd, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9DB2
£138K05/210.4 mi33, Ivy Road, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9AP2
£130K09/210.4 mi53, Ivy Road, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9AP2
£220K12/230.41 mi6, North Croft, Newcastle Upon Tyne, Tyne And Wear NE12 9JY2
£135K06/230.43 mi25, Roseberry Grange, Newcastle Upon Tyne, Tyne And Wear NE12 9DD2
£270K05/230.44 mi3, Palmers Green, Newcastle Upon Tyne, Tyne And Wear NE12 9HF2
£125K02/210.46 mi10, Vulcan Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 9AN2
£127K09/230.46 mi7, Vulcan Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 9AN2
£125K12/230.47 mi33, Forest Hall Road, Newcastle Upon Tyne, Tyne And Wear NE12 7AX2
£145K12/200.48 mi68, Woodlands Grange, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9DF2
£130.3K06/210.58 mi6, Oswin Road, Newcastle Upon Tyne, Tyne And Wear NE12 9BH2
£131K08/240.58 mi13, Oswin Road, Newcastle Upon Tyne, Tyne And Wear NE12 9BH2
£59K12/220.6 mi27, Oswin Road, Newcastle Upon Tyne, Tyne And Wear NE12 9BH2
£180K07/210.6 mi15, Clifton Terrace, Newcastle Upon Tyne, Tyne And Wear NE12 9NP2
£120K10/200.69 mi92, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG2
£130K10/210.69 mi71, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG2
£145K05/230.69 mi55, Woodlea, Forest Hall, Newcastle Upon Tyne, Tyne And Wear NE12 9BG2

Local Rents

15 rents from £550/mo to £1.9K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£65012/240.04 miBoston Court, Palmersville, 2
£72505/240.32 miCrossley Terrace, Palmersville2
£77507/240.32 miCrossley Terrace, Palmersville2
£69505/240.34 miBamford Terrace, Newcastle Upon Tyne, NE122
£69503/240.34 mi-2
£70005/240.36 miWoodside Crescent, Forest Hall, Newcastle upon Tyne, NE122
£72501/240.44 mi-2
£85006/240.49 miMoor Edge Drive, Wallsend2
£55007/230.51 mi-2
£1,90005/240.55 mi-2
£1,80008/240.55 mi-2
£1,80001/250.55 mi-2
£1,75004/250.55 mi-2
£85005/240.57 miWhitfield Road, Newcastle Upon Tyne2
£91505/240.59 miLinden Court, Forest Hall, North Tyneside2

Local Area Statistics

Population in NE12

34,654

Population in Newcastle upon Tyne

381,037

Town centre distance

4.36 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £230,000

March 5, 2025

Description

  • Detached bungalow +
  • Two bedrooms +
  • Spacious living room +
  • Integral garage +
  • Wraparound parking for multiple cars +
  • Close to local amenities & public transport links +
  • EPC: TBC +
  • Council tax band: C +
  • Tenure: Freehold +

This charming detached bungalow, situated in a highly sought-after location, is presented for sale. The property is neutrally decorated throughout and provides a blank canvas for the new owner to imprint their own style. The property boasts a large, light spacious reception room offering plenty of space for relaxation and entertaining. Further complimenting the living area is a well-appointed kitchen with in-built fridge/freezer, oven and washing machine which provides a functional space for family meals, hosting or casual dining. The property has two well-proportioned bedrooms and a modern bathroom suite equipped with bath and shower which complete the internal accommodation to a high standard. One of the unique features of this property, and a valuable asset, is the ample parking space available which wraps around the bungalow. This, together with an integral single garage, provides the convenience of secure and private parking for multiple vehicles. The property is ideally located with easy access to both local amenities and public transport links. This property is within Council Tax Band C making it an affordable option for those looking to move into this desirable area. Overall, this detached bungalow offers a wonderful opportunity for those seeking a comfortable, convenient and well-located home. Whether you’re a first time buyer, or looking to downsize, this property is ideal. Don’t miss out on this gem in a sought-after location.

Agent Details

Rook Matthews Sayer, Forest Hall

0191 743 9300

Next Steps?

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