2 Bed Flat, Single Let, Hebburn, NE31 2XB, £69,999

Frobisher Street, Hebburn, NE31 2XB - a month ago

Leasehold
BTL
ROI: 12%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£42K - £110K
Sold Prices/m²£443/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£76,420
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£500 - £925

Rent Estimate

£575

Running Costs/mo

£354

Cashflow/mo

£221

Cashflow/yr

£2,655

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £42K to £110K, average is £68K. £443/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£49K09/210.02 mi31, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£58.5K09/220.02 mi33, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£81K10/230.05 mi77, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£45.5K04/230.05 mi54, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£65K03/210.05 mi80, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£76.5K06/230.09 mi43, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K06/230.09 mi47, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K09/230.09 mi64, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£50K01/210.1 mi85, Howe Street, Hebburn, Tyne And Wear NE31 2XH2
£61K09/220.1 mi67, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£62K01/230.1 mi64, Frobisher Street, Hebburn, Tyne And Wear NE31 2XE2
£63.5K08/210.11 mi295, Albert Road, Jarrow, Tyne And Wear NE32 5JU2
£61.5K01/230.12 mi87, Collingwood Street, Hebburn, Tyne And Wear NE31 2XW2
£43K01/230.13 mi13, Red House Road, Hebburn, Tyne And Wear NE31 2XF2
£66.5K02/240.14 mi71, Red House Road, Hebburn, Tyne And Wear NE31 2XG2
£61K02/210.19 mi216, Albert Road, Jarrow, Tyne And Wear NE32 5JA2
£91K01/230.19 mi9, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£90K11/230.23 mi4, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£65K09/230.23 mi22, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£85K07/230.23 mi26, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£68K05/220.4 mi171, Albert Road, Jarrow, Tyne And Wear NE32 5AF2
£81K09/210.43 mi79, Wansbeck Road, Jarrow, Tyne And Wear NE32 5SS2
£65K11/220.43 mi25, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£51.5K12/200.44 mi12, Marlborough Court, Jarrow, Tyne And Wear NE32 5RB2
£90K10/200.47 mi3, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£110K09/230.47 mi4, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£62K04/210.48 mi36, Greenbank, Jarrow, Tyne And Wear NE32 3NP2
£72K11/220.49 mi74, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£74K03/230.5 mi76, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£50K01/210.53 mi75, Hedgeley Road, Hebburn, Tyne And Wear NE31 1PR2
£62.5K09/210.56 mi51, Victoria Road East, Hebburn, Tyne And Wear NE31 1XL2
£68K07/230.56 mi10, Vimy Avenue, Hebburn, Tyne And Wear NE31 1QR2
£69K01/210.59 mi3, Quarry Road, Hebburn, Tyne And Wear NE31 2UN2
£68K03/220.62 mi41, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£48.5K08/220.63 mi22, Ellen Court, Jarrow, Tyne And Wear NE32 3NH2
£63.5K10/200.63 mi76, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£66K07/220.63 mi56, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£73K07/220.63 mi62, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£68K04/230.63 mi23, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£77.5K03/230.63 mi25, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£75K03/210.63 mi30, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£78K06/230.63 mi50, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£42K10/200.65 mi23, Tweed Street, Hebburn, Tyne And Wear NE31 1XP2
£80K12/230.67 mi26, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£100K07/240.67 mi15, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£87.5K03/230.67 mi23, Tidespring Row, Hebburn, Tyne And Wear NE31 1AS2
£72K08/220.67 mi6, Ellen Court, Jarrow, Tyne And Wear NE32 3NH2
£80K12/220.68 mi17, North Street, Jarrow, Tyne And Wear NE32 3PG2
£86K12/220.68 mi86, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2
£80K03/230.68 mi5, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE2

Local Rents

20 rents from £500/mo to £925/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60006/240.02 miFrobisher Street, Hebburn, NE312
£57503/240.07 mi-2
£59505/240.08 mi-2
£75006/240.1 miJervis Street, Hebburn2
£62503/240.11 mi-2
£55002/240.11 mi-2
£59502/250.11 mi-2
£59505/240.14 mi-2
£69506/240.16 miWindsor Crescent, Hebburn2
£77505/240.21 miPalmer Crescent, Hebburn, Tyne & Wear2
£50009/230.23 mi-2
£72505/240.23 miElm Street, Jarrow, Tyne and Wear, NE32 5JD2
£72504/250.23 mi-2
£92505/240.28 mi-2
£92505/240.28 mi-2
£80006/240.33 miAdair Way, Hebburn, Tyne and Wear, NE312
£80007/240.33 miAdair Way, Hebburn, Tyne and Wear, NE312
£59504/250.41 mi-2
£57505/240.43 miWansbeck Road, Jarrow, Tyne and Wear, NE32 5SS2
£67502/250.62 mi-2

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £69,999

March 5, 2025

Floor Plans

Description

  • Well Presented Throughout +
  • Popular and Convenient Location +
  • Easy Access to Local Amenities +
  • Excellent Transport Links +
  • No Upper Chain! +
  • Reference: 461933 +

Immaculate Two Bedroom Lower Flat In Popular Hebburn Location - With NO UPPER CHAIN!

This recently refurbished lower flat benefits from easy access to an abundance of local amenities to include;- Shops and supermarkets, schools and nurseries, cafes and eateries. Also closeby are excellent road and transport links, with Jarrow Metro station and frequent bus routes providing access across the region.

The property is fully double glazed, with gas central heating throughout and comprises;- Entrance porch with upvc door, spacious lounge/diner, fitted kitchen, a large double bedroom, a single bedroom and a bathroom. Externally, there is a communal yard to the rear.

Viewings come highly recommended.

ENTRANCE PORCH
Upvc door, access to lounge and bedrooms.
LOUNGE/DINER 4m (13'1) x 3.91m (12'10)
Double glazed window, radiator, door to kitchen.
KITCHEN 1.86m (6'1) x 3.69m (12'1)
Double glazed window, range of fitted base and wall units, roll top work surfaces, stainless steel sink and drainer unit with mixer tap, tiled splashbacks. Electric oven, ceramic hob with extractor hood, plumbing for washing machine, door to rear lobby.
BEDROOM ONE 3.93m (12'11) x 3.83m (12'7)
Double glazed window, radiator.
BEDROOM TWO 2.01m (6'7) x 4.23m (13'11)
Double glazed window, radiator.
BATHROOM 1.5m (4'11) x 2.88m (9'5)
Double glazed window, radiator, panelled bath, low level w.c., pedestal wash basin.
EXTERNALLY
Communal rear yard.
Tenure
The property is Leasehold with a term of 999 years from 6th August 1982 subject to an annual ground rent of £15.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 15 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE31 2XB and mobile coverage is provided by EE, Three, O2 and Vodafone. *The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: C

Agent Details

Andrew Craig, Jarrow

0191 625 0760

Next Steps?

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