4 Bed Detached House, Refurb/BRRR, Cramlington, NE23 1DL, £319,950

Blake Drive, Cramlington, NE23 1DL - a month ago

Sold STC
Refurb/BRRR
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£129K - £400K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.5K/m²

Value Estimate

£290,607

 

 

End Value (After Refurb)

£244,935

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£79,988

Stamp Duty & Legal Fees

£20,695

Refurb Costs

£49,479

Bridging Loan Interest

£8,399

Total Cash In

£160,310

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,935

Mortgage (After Refinance)

£183,701

Mortgage LTV

75%

Cash Left In

£160,310

Equity

£61,234

Rent Range

£795 - £1,600

Rent Estimate

£926

Running Costs/mo

£971

Cashflow/mo

£-45

Cashflow/yr

£-535

Gross Yield

3%

Local Sold Prices

36 sold prices from £129K to £400K, average is £266.3K. £1.4K/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£195K12/220.47 mi18, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£216K03/210.47 mi39, Tintagel Close, Cramlington, Northumberland NE23 1NZ4
£240K06/230.47 mi8, Oswestry Place, Cramlington, Northumberland NE23 2YJ4
£271K09/210.49 mi37, Kingswood Road, Cramlington, Northumberland NE23 2XB4
£285K04/210.51 mi23, Yarmouth Drive, Cramlington, Northumberland NE23 1TS4
£240K11/220.58 mi15, Hickstead Grove, Cramlington, Northumberland NE23 2FF4
£215.5K11/200.59 mi8, Otley Close, Cramlington, Northumberland NE23 2YP4
£382.6K11/220.62 mi32, Ilford Avenue, Cramlington, Northumberland NE23 3LG4
£265K08/230.62 mi11, Kirton Way, Cramlington, Northumberland NE23 2XR4
£290K04/210.65 mi2, Dunsdale Drive, Cramlington, Northumberland NE23 2GA4
£400K01/230.65 mi25, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£321K02/210.65 mi22, Glazebury Way, Cramlington, Northumberland NE23 3LD4
£340K09/220.67 mi7, Gairloch Close, Cramlington, Northumberland NE23 3LJ4
£226K05/210.72 mi81, Highburn, Cramlington, Northumberland NE23 6BA4
£172.5K08/210.73 mi36, Highburn, Cramlington, Northumberland NE23 6BE4
£240K01/230.74 mi51, Langdale Drive, Cramlington, Northumberland NE23 8EL4
£195K06/210.77 mi21, Crookham Way, Cramlington, Northumberland NE23 6HR4
£182K12/200.8 mi64, Monkside, Cramlington, Northumberland NE23 6JX4
£312K11/210.82 mi4, Woburn Close, Cramlington, Northumberland NE23 3QP4
£350K04/210.85 mi15, Windsor Court, Cramlington, Northumberland NE23 3QR4
£340K01/210.86 mi6, Greenholme Close, Cramlington, Northumberland NE23 3SU4
£355K06/210.87 mi13, Highstead Avenue, Cramlington, Northumberland NE23 3QT4
£197K06/210.88 mi45, Beech Avenue, Cramlington, Northumberland NE23 6XS4
£244K02/210.88 mi2, Corinto Close, Cramlington, Northumberland NE23 6FA4
£156.5K08/210.89 mi60, Blagdon Crescent, Nelson Village, Cramlington, Northumberland NE23 1HJ4
£328.3K02/210.9 mi7, Lincoln Road, Cramlington, Northumberland NE23 3XT4
£368K08/230.91 mi16, Lapford Drive, Cramlington, Northumberland NE23 3GP4
£350K03/230.94 mi12, Longhirst Drive, Cramlington, Northumberland NE23 7XL4
£267.5K11/220.96 mi23, Annfield Road, Cramlington, Northumberland NE23 3GY4
£148K02/240.96 mi7, Lanercost Park, Cramlington, Northumberland NE23 6RU4
£148K02/240.96 mi7, Lanercost Park, Cramlington, Northumberland NE23 6RU4
£129K11/200.96 mi19, Lanercost Park, Cramlington, Northumberland NE23 6RU4
£345K01/230.96 mi27, Carlby Way, Cramlington, Northumberland NE23 3YU4
£328K12/200.97 mi16, Delamere Crescent, Cramlington, Northumberland NE23 3FS4
£172.5K03/240.98 mi21, Warenford Close, Cramlington, Northumberland NE23 6HS4
£360K12/200.99 mi21, Delamere Crescent, Cramlington, Northumberland NE23 3FY4

Local Rents

14 rents from £795/mo to £1.6K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£95005/240.19 miRingwood Drive, Cramlington, NE233
£90006/240.21 miSouth View Place, Cramlington, Northumberland, NE233
£79505/240.27 miTangmere Close, Cramlington3
£95006/240.31 miFilton Close, Cramlington, Northumberland, NE23 1RZ3
£92508/240.35 mi-3
£92507/240.35 miDoddington Drive, Cramlington, NE233
£80006/240.4 miChipchase Avenue, Cramlington3
£80006/240.42 miChipchase Avenue, Cramlington, NE233
£82505/240.49 miOakley Drive, Cramlington, Northumberland, NE23 2YF3
£90005/240.51 miHarwood Close, Cramlington, Northumberland, NE23 6AW3
£87507/240.58 mi-3
£85006/240.58 miAlexandra Way, Cramlington, NE233
£87507/240.58 miAlexandra Way, Cramlington, NE233
£1,60005/240.6 miOld Crow Hall Lane, Cramlington, Northumberland, NE23 1BN3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £319,950

March 7, 2025

Floor Plans

Description

  • Four Bedrooms +
  • Detached Family Home +
  • Prime Cramlington Village Location +
  • *Freehold +
  • Garage +
  • Off Street Parking +
  • South Facing Rear Garden +
  • Two En-Suite Facilities +
  • Modern Open Plan Kitchen/Dining Room +
  • Sought After Location +

* EXCEPTIONAL DETACHED FAMILY HOME - FOUR SPACIOUS BEDROOMS - FREEHOLD - CRAMLINGTON VILLAGE - SUPERB LOCATION - MODERN - SOUGHT AFTER LOCATION - DOWNSTAIRS CLOAKROOM - EN-SUITE FACILITIES - DELIGHTFUL PLOT - BEAUTIFULLY DECORATED & PRESENTED THROUGHOUT - VIEWINGS HIGHLY RECOMMENDED - LANDSCAPED REAR GARDEN *

Mike Rogerson Estate Agents are thrilled to bring to the sales market this exceptional four bedroom detached family home located on the sought after Blake Drive, Cramlington Village, Cramlington.

Set in the delightful Cramlington Village with an abundance of local amenities including village pubs, barber shop, hairdressers, village veterinary centre, takeaways, dentists, as well as St Nicholas Church. The property is located on West farm court within Cramlington Village, sited adjacent to the modern town centre. The village is designated a Conservation Area where many buildings date back to the 1800's.

Cramlington is a popular town located within easy commuting distance of the Tyneside conurbation. The shopping offered in Cramlington is large and varied, with national supermarkets and chain stores clustered around the Manor Walks shopping development, which also features a cinema and a leisure centre. Cramlington was planned as a new town and features interconnected footpaths and cycle paths throughout, connecting the various estates and the multitude of green spaces. The town also boasts excellent schools including the excellent Cramlington Learning Village, doctor's surgeries, sports clubs, public houses and restaurants, and is connected to Newcastle and beyond via the road network and Cramlingtons own train station.

The interior of this home reflects a modern and sophisticated design that prioritises space, light and functionality. The home allows new owners to easily personalise the space without the need for any renovations.

The property comprises of a very welcoming hallway with a downstairs cloakroom. You have access to the lounge, The lounge benefits from French style internal doors that open to the fabulous family/dining/area. A functional room, ideal for a family or entertaining, the room flows seamlessly into the kitchen. The kitchen is equipped with a range of integral appliances such as oven, hob with extractor fan, sink with drainer and mixer tap. The room is flooded with natural light from the UPVC double glazed window and the UPVC double glazed French style patio doors.

To the first floor you have a generous landing area with storage cupboard and loft access. You have four spacious bedrooms, bedroom one boasting fitted wardrobes and a modern elegant en-suite. Bedroom two also benefits from this. Bedroom three and four also benefits from fitted wardrobe space. Each room has been decorated to a high standard and the accommodation offers comfort and tranquillity, great for a restful night. The family bathroom is equipped with a bath with mains shower, hand wash basin and WC.

The property has curb appeal with off street parking and a garage to the front. To the rear there is a fabulous, south facing garden ready to be used. A patio/seating area has been created to enjoy the al-fresco living concept and a laid to lawn section boasts a timber fence boundary.

If your house search is centred around finding a property within catchment for good schools, transport links, walking distance to local amenities and simply having 'everything' within easy reach and ready to move in to, then this superb home may just be what you have been looking for!

A viewing is highly recommended to truly appreciate the accommodation on offer at this fabulously presented four-bedroom detached home.

Agent Details

Mike Rogerson Estate Agents, Cramlington

01670 332963

Next Steps?

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