3 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE8 2PS, £165,000

Abbeyfield Close, Teams, Gateshead, NE8 2PS - 3 views - a month ago

Sold STC
Cash
ROI: 8%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£65K - £265K
Sold Prices/m²£691/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£156,512

 

 

End Value (After Refurb)

£150,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£35,600

Bridging Loan Interest

£4,331

Total Cash In

£92,381

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,000

Mortgage (After Refinance)

£112,500

Mortgage LTV

75%

Cash Left In

£92,381

Equity

£37,500

Rent Range

£650 - £3,500

Rent Estimate

£1,354

Running Costs/mo

£760

Cashflow/mo

£594

Cashflow/yr

£7,133

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £65K to £265K, average is £155K. £691/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£150K08/210.03 mi51, Johnson Street, Gateshead, Tyne And Wear NE8 2PJ3
£135.5K10/200.04 mi10, Abbeyfield Close, Gateshead, Tyne And Wear NE8 2PS3
£135K10/200.04 mi16, Abbeyfield Close, Gateshead, Tyne And Wear NE8 2PS3
£182.5K06/220.07 mi9, Heritage Close, Gateshead, Tyne And Wear NE8 2PT3
£185K11/220.07 mi11, Heritage Close, Gateshead, Tyne And Wear NE8 2PT3
£138K05/210.11 mi7, Tynewold Close, Gateshead, Tyne And Wear NE8 2PX3
£187K03/220.11 mi9, Tynewold Close, Gateshead, Tyne And Wear NE8 2PX3
£80K01/210.14 mi46, Queens Court, Gateshead, Tyne And Wear NE8 2TF3
£135K03/230.14 mi7, Queens Court, Gateshead, Tyne And Wear NE8 2TF3
£90K10/200.14 mi19, Bolam Street, Gateshead, Tyne And Wear NE8 2TQ3
£80K09/230.14 mi5, Bolam Street, Gateshead, Tyne And Wear NE8 2TQ3
£145K09/230.23 mi5, Hazel Road, Gateshead, Tyne And Wear NE8 2EP3
£86K01/210.24 mi15, Wolseley Close, Gateshead, Tyne And Wear NE8 2NT3
£136K07/240.24 mi10, Almond Crescent, Gateshead, Tyne And Wear NE8 2TE3
£80K01/210.24 mi20, Almond Crescent, Gateshead, Tyne And Wear NE8 2TE3
£81K06/210.26 mi3, Chestnut Gardens, Gateshead, Tyne And Wear NE8 2TJ3
£165K01/220.27 mi26, Jubilee Court, Gateshead, Tyne And Wear NE8 2EQ3
£150K11/210.29 mi9, Christmas Place, Dunston, Gateshead, Tyne And Wear NE8 2BS3
£183K07/230.29 mi9, Christmas Place, Dunston, Gateshead, Tyne And Wear NE8 2BS3
£109K12/220.32 mi84, Milling Court, Gateshead, Tyne And Wear NE8 2QF3
£82K01/210.32 mi74, Rose Street, Gateshead, Tyne And Wear NE8 2LT3
£120K04/230.33 mi13, Walnut Gardens, Gateshead, Tyne And Wear NE8 2TB3
£182K02/230.33 mi18, Tynemouth Pass, Gateshead, Tyne And Wear NE8 2GY3
£168K08/210.33 mi16, Tynemouth Pass, Gateshead, Tyne And Wear NE8 2GY3
£200.6K05/240.33 mi16, Tynemouth Pass, Gateshead, Tyne And Wear NE8 2GY3
£110K07/230.35 mi22, Milling Court, Gateshead, Tyne And Wear NE8 2PG3
£120K10/230.36 mi13, Rose Street, Gateshead, Tyne And Wear NE8 2LS3
£194K12/220.36 mi4, Pacha Way, Gateshead, Tyne And Wear NE8 2GN3
£190K09/230.4 mi111, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB3
£236K07/240.48 mi14, Marsh Court, Gateshead, Tyne And Wear NE11 9TD3
£180K01/230.5 mi17, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£200K12/230.5 mi15, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£175K03/240.5 mi32, Thornhill Close, Gateshead, Tyne And Wear NE11 9SH3
£160K09/230.51 mi11, Ravensworth Terrace, Dunston, Gateshead, Tyne And Wear NE11 9TE3
£171K02/230.51 mi26, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£123K07/230.52 mi72, Rawling Road, Gateshead, Tyne And Wear NE8 4QR3
£137K06/210.52 mi16, Victoria Street, Gateshead, Tyne And Wear NE11 9AX3
£105K06/210.53 mi16, Wallace Street, Gateshead, Tyne And Wear NE11 9AY3
£246K03/230.53 mi7, Swallow Tail Drive, Gateshead, Tyne And Wear NE11 9TG3
£170K09/210.53 mi31, Rochester Gardens, Gateshead, Tyne And Wear NE11 9TH3
£198K04/240.53 mi23, Appleton Close, Gateshead, Tyne And Wear NE11 9SG3
£141K03/230.53 mi17, Chepstow Gardens, Gateshead, Tyne And Wear NE8 4XY3
£180K08/230.54 mi41, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£135K03/210.54 mi12, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£65K04/210.54 mi14, Cormorant Drive, Gateshead, Tyne And Wear NE11 9LF3
£160K05/230.55 mi18, Collingwood Terrace, Gateshead, Tyne And Wear NE11 9DU3
£212K07/230.56 mi10, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£225K07/230.56 mi22, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£265K06/210.57 mi12, Red Admiral Court, Gateshead, Tyne And Wear NE11 9TW3
£160K02/230.58 mi36, Spoor Street, Gateshead, Tyne And Wear NE11 9BD3

Local Rents

41 rents from £650/mo to £3.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00007/240.04 miAbbeyfield Close, Gateshead3
£99507/240.08 mi-3
£99507/240.08 miHeritage Close, Gateshead, NE83
£3,50004/250.08 mi-3
£1,02006/240.21 miJuly Court Yard, Sunny Side South, Gateshead, NE83
£1,25007/240.22 miRopery Road, Gateshead, NE83
£2,90006/240.22 mi-3
£3,10003/250.22 mi-3
£90007/240.23 miMay Courtyard, Shrove Pass, Gateshead, NE83
£1,20011/240.26 mi-3
£1,25001/250.26 mi-3
£1,00007/240.27 miNorthside, The Staithes, Dunston3
£90011/230.28 mi-3
£95007/240.31 miThe Staithes, Gateshead3
£95007/240.31 miThe Staithes, Gateshead3
£85007/240.32 miTynemouth Pass, Gateshead, Tyne and Wear, NE83
£80002/240.34 mi-3
£80003/240.34 mi-3
£85008/240.34 mi-3
£85010/240.34 mi-3
£80007/240.34 miMilling Court, Gateshead, NE83
£80007/240.34 miMilling Court, Gateshead, NE83
£67507/240.34 miVictoria Road, Gateshead, NE83
£1,10006/240.36 miTrinity Courtyard, The Staiths, Gateshead, NE83
£99506/240.38 mi 10 Pacha Way, , Gateshead, , Tyne and Wear3
£95006/240.49 miGateshead3
£3,30003/250.52 mi-3
£95005/240.53 mi-3
£1,10002/250.53 mi-3
£65003/250.54 mi-3
£69507/240.56 miBrighton Road, Gateshead3
£3,50004/250.56 mi-3
£3,50004/250.58 mi-3
£3,50002/240.58 mi-3
£3,50004/250.58 mi-3
£95006/240.58 miWhitehall Road, Gateshead3
£70006/240.59 mi-3
£75007/240.59 mi-3
£95006/240.6 miLiddell Terrace, Gateshead, NE83
£90004/250.61 mi-3
£3,50004/250.62 mi-3

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £165,000

March 8, 2025

Floor Plans

Description

  • Three Bed Semi Detached House +
  • Open Plan Living Area and Kitchen +
  • Driveway with Electric Charging Point leading to Garage +
  • Approx. Floor Area: 42.5sqM or 457.5sqFT +
  • Council Tax Band B +
  • EPC RATING C +

Modern semi-detached home is a great choice for families or first-time buyers, offering comfortable and practical living with useful features throughout.

Step inside to a bright hallway with a cloakroom/WC. The open-plan living and kitchen area is the heart of the home, and French doors leading to the rear garden. The kitchen is fitted with an integrated fridge/freezer, dishwasher, electric oven, and hob, with a handy storage cupboard for extra space.

Upstairs, there are three well-sized bedrooms. The main bedroom has built-in storage, while the other two overlook the rear garden. The modern bathroom includes a shower over the bath, an electric towel rail, an extractor fan, and a storage cupboard. The loft is partially boarded, with a pull-down ladder and light for easy access.

Outside, the low-maintenance front has a driveway leading to a single garage, which has been adapted to provide storage at the front and a useful utility area at the back with a separate boiler, plumbing for a washing machine, and space for a fridge and freezer. The driveway also has an electric charging point. The enclosed rear garden is mainly lawned and includes a shed.

The home benefits from gas central heating system, double glazing, and a fitted alarm system for security.

We understand the property to be Freehold.

MAKING AN OFFER:
Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240515/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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