2 Bed Flat, Single Let, Newcastle upon Tyne, NE5 3BP, £65,000

Chestnut Avenue, Newcastle upon Tyne, NE5 3BP 3 - 3 views - 10 days ago

Leasehold
BTL
ROI: 17%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£48K - £120K
Sold Prices/m²£764/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£78,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£600 - £1,800

Rent Estimate

£636

Running Costs/mo

£350

Cashflow/mo

£286

Cashflow/yr

£3,428

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £48K to £120K, average is £84.3K. £764/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£48K07/210.26 mi11, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX2
£105K09/220.42 mi361, Two Ball Lonnen, Newcastle Upon Tyne, Tyne And Wear NE4 9SA2
£95K07/240.45 mi21, Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear NE3 4TL2
£75.4K06/230.45 mi144, Bavington Drive, Newcastle Upon Tyne, Tyne And Wear NE5 2HT2
£66.3K03/210.46 mi103, Angerton Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JA2
£50K12/200.46 mi41, Angerton Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JA2
£91K01/230.48 mi33, High Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 4PW2
£83.5K03/230.48 mi64, Angerton Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JB2
£120K09/220.49 mi48, Sunnyway, Newcastle Upon Tyne, Tyne And Wear NE5 3QB2
£95K01/230.51 mi7, Deanham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JD2
£73K04/210.51 mi213, Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear NE5 3JH2
£95K01/230.51 mi5, Deanham Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2JD2
£80K09/230.52 mi13, Whitgrave Road, Newcastle Upon Tyne, Tyne And Wear NE5 3XJ2
£95K11/210.57 mi5, Ambergate Way, Kenton Bar, Newcastle Upon Tyne, Tyne And Wear NE3 3GN2
£100K07/230.57 mi3, Ambergate Way, Newcastle Upon Tyne, Tyne And Wear NE3 3GN2
£80K09/220.59 mi1, Bingfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RX2
£110K03/240.59 mi78, Skendleby Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3GJ2
£60K02/230.59 mi43, Bingfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RX2
£55K09/200.59 mi19, Bingfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE5 2RX2
£53.5K02/210.6 mi15, Orchard Green, Newcastle Upon Tyne, Tyne And Wear NE5 3YQ2
£95K04/230.6 mi24, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£95.5K10/220.6 mi64, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£95K08/210.6 mi18, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£105K08/230.6 mi52, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£109K11/220.6 mi58, Ashover Road, Newcastle Upon Tyne, Tyne And Wear NE3 3GH2
£87.5K09/210.66 mi255, Kenton Lane, Newcastle Upon Tyne, Tyne And Wear NE3 3EA2
£117.5K02/230.69 mi138, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QB2
£87.5K09/210.7 mi255, Kenton Lane, Newcastle Upon Tyne, Tyne And Wear NE3 3EA2
£62K07/220.76 mi16, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YH2
£60K08/210.77 mi8, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YH2
£83K06/230.77 mi23, Craigmillar Avenue, Newcastle Upon Tyne, Tyne And Wear NE5 3SL2
£55K09/230.78 mi29, St Keverne Square, Newcastle Upon Tyne, Tyne And Wear NE5 3YF2
£108K08/210.79 mi44, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA2
£97K12/220.79 mi24, Ovington Grove, Newcastle Upon Tyne, Tyne And Wear NE5 2QA2
£82K08/230.85 mi4, Buttermere Close, Denton Burn, Newcastle Upon Tyne, Tyne And Wear NE5 2SB2
£85K11/210.88 mi105, St Cuthberts Road, Newcastle Upon Tyne, Tyne And Wear NE5 2DR2
£73K10/200.92 mi6, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£110K10/220.92 mi20, Greywood Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9PA2
£82.3K09/200.92 mi15, Nursery Gardens, Fenham, Newcastle Upon Tyne, Tyne And Wear NE5 2TT2
£90K11/220.92 mi17, Nursery Gardens, Fenham, Newcastle Upon Tyne, Tyne And Wear NE5 2TT2
£91.5K07/220.92 mi12, Nursery Gardens, Fenham, Newcastle Upon Tyne, Tyne And Wear NE5 2TT2
£95K07/210.93 mi157, Silver Lonnen, Newcastle Upon Tyne, Tyne And Wear NE5 2HE2
£97K03/210.93 mi173, Silver Lonnen, Newcastle Upon Tyne, Tyne And Wear NE5 2HE2
£73.2K01/230.93 mi14, Acanthus Avenue, Newcastle Upon Tyne, Tyne And Wear NE4 9YD2
£50K05/230.93 mi164, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£63K12/220.93 mi148, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£60K11/200.93 mi114, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£74K01/240.93 mi168, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£54K07/210.93 mi122, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2
£49.5K12/200.93 mi174, Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear NE3 3AU2

Local Rents

31 rents from £600/mo to £1.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,00012/240.14 mi-2
£69512/240.21 miMoorside Court, Cowgate, NE52
£70002/250.24 mi-2
£79502/250.26 mi-2
£60003/250.26 mi-2
£75003/250.26 mi-2
£75003/250.26 mi-2
£1,80005/240.28 mi-2
£87512/240.34 mi-2
£79505/240.43 miBlackthorn Close, Newcastle Upon Tyne, NE52
£90005/240.43 mi-2
£75012/240.43 mi-2
£82503/250.44 mi-2
£85012/240.44 miBavington Drive, Fenham, Newcastle Upon Tyne2
£69505/240.45 mi-2
£90006/240.46 miPlanetree Avenue, Fenham, Newcastle upon Tyne2
£75006/240.46 mi-2
£75006/240.46 miHigh Meadows, Newcastle Upon Tyne, NE32
£1,15012/240.47 miMagnolia Drive, City Edge2
£87512/240.49 mi-2
£85005/240.49 mi-2
£95006/240.53 mi-2
£89512/240.54 mi-2
£75005/240.55 miWillow Avenue, Fenham, Newcastle Upon Tyne2
£85004/240.55 mi-2
£92502/250.55 mi-2
£85005/240.55 miDeanham Gardens, Newcastle Upon Tyne, NE52
£85012/240.57 mi-2
£85005/240.59 mi-2
£79506/240.6 miWyndham Avenue, Newcastle upon Tyne, Tyne and Wear, NE32
£85012/240.62 mi-2

Local Area Statistics

Population in NE5

48,324

Population in Newcastle upon Tyne

381,037

Town centre distance

1.06 miles away

Nearest school

0.50 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Listed for £65,000

March 6, 2025

Floor Plans

Description

  • Tenanted for Immediate Investment +
  • Convenient Residential Location +
  • Off Road Parking Available +
  • 2 Bedroom Flat +
  • Ideal Investment Property +
  • First Floor +
  • No Forward Chain +

The property benefits from double glazing- gas central heating throughout and has off street parking available to the front. The council tax band is A.
The property is tenanted and will be sold with tenants in situ for immediate investment - rental yields can be obtained through Bettermove.
This is a leasehold property with 965 years remaining on the lease; there are no ground rent or service charges.
The interior of this property comprises a spacious living room- the fitted kitchen- two bedrooms and the bathroom on the top floor of the building.
Located in the popular town of Newcastle- the property is close to a range of amenities- including shops- supermarkets- restaurants and pubs. Excellent transport connections can be found from the A1 and many local bus routes and metro stations.
This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .
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You can secure the purchase immediately by paying an exclusivity deposit of £1-000.
This is not an additional fee and is returned to you on completion.
Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore- eliminating the risk of being gazumped by another buyer- and incurring aborted costs.
This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding- surveys- and searches.
Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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