2 Bed Flat, Single Let, Wallsend, NE28 7PX, £60,000

Northumberland Street, Wallsend, Tyne and Wear, NE28 7PX - a month ago

Leasehold
Auction
BTL
ROI: 15%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£50K - £131.3K
Sold Prices/m²£758/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£73,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£525 - £825

Rent Estimate

£550

Running Costs/mo

£318

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £79K. £758/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£87.2K02/230.06 mi78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX2
£72K03/210.06 mi33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU2
£71K07/230.12 mi106, Park Road, Wallsend, Tyne And Wear NE28 7QR2
£75K11/220.13 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£69K12/230.15 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£55K11/210.16 mi41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£60K01/210.16 mi11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£90K01/230.16 mi38, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£50K01/210.16 mi1, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£78K12/220.16 mi9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB2
£60.8K02/230.16 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£80K07/230.17 mi10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ2
£87.5K10/220.18 mi45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB2
£80K07/230.2 mi44, Grey Street, Wallsend, Tyne And Wear NE28 7SE2
£50K12/220.22 mi244, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£55K10/200.22 mi264, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£131.3K09/230.24 mi204, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£85K02/210.24 mi248, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£89K05/240.25 mi53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.25 mi17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.25 mi19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£95.5K12/220.25 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.25 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.25 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£53.3K09/230.26 mi137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£72K10/230.26 mi131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£80K01/230.27 mi88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£85K08/210.27 mi122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.27 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£69.5K07/210.29 mi30, David Street, Wallsend, Tyne And Wear NE28 8RA2
£105K08/230.31 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.31 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£57.5K02/210.32 mi17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY2
£78K12/220.33 mi38, John Street, Wallsend, Tyne And Wear NE28 8QX2
£59K01/210.33 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£71K03/210.33 mi314, High Street East, Wallsend, Tyne And Wear NE28 7JZ2
£66K03/240.34 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£75K07/210.38 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£85K12/220.38 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£59.5K06/230.41 mi12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH2
£85K09/230.42 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£90K03/240.42 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£82.5K07/230.44 mi25, North Road, Wallsend, Tyne And Wear NE28 8LF2
£73K10/230.47 mi34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K10/200.47 mi30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K10/200.48 mi35, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£80K09/230.48 mi73, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£129.9K03/210.49 mi133, The Avenue, Wallsend, Tyne And Wear NE28 6SD2
£113K01/230.49 mi52, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£75K08/210.5 mi38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU2

Local Rents

27 rents from £525/mo to £825/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65006/240.04 miCoronation Street, Wallsend, North Tyneside, NE282
£72007/240.16 mi-2
£55009/230.16 mi-2
£57506/240.17 miPercy Street, Wallsend2
£65005/240.19 miDene Crescent, Wallsend. NE28 7SN. ** Garden & Drive **2
£57507/240.2 miHigh Street East, Wallsend, Tyne and Wear, NE28 7RX2
£72512/240.2 mi-2
£52505/240.21 miHolly Avenue, Wallsend2
£80005/240.22 mi-2
£75004/240.22 mi-2
£67504/240.23 mi-2
£60010/230.23 mi-2
£55007/240.25 miDene Crescent, Wallsend2
£55007/240.25 miDene Crescent, Wallsend2
£62001/250.27 mi-2
£59507/240.27 miDene Crescent, Wallsend, Tyne and Wear, NE282
£65006/240.27 miWallsend, Tyne and Wear, NE282
£65011/230.27 mi-2
£69511/240.27 mi-2
£62505/240.28 miHugh Street, Wallsend, NE282
£82511/240.31 mi-2
£82502/250.31 mi-2
£59505/240.42 mi-2
£79507/240.49 mi-2
£79507/240.49 miWallsend, Tyne And Wear, NE282
£80005/240.55 mi-2
£82501/250.55 mi-2

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £60,000

March 10, 2025

Description

  • Two Bedrooms +
  • Lower Flat +
  • Close to Local Amenities +
  • Excellent Location +
  • EPC - C +

For Sale Via Online Auction: 08/04/2025 11:00

Pattinson Estate Agents are pleased to welcome to the market this two bedroom lower flat located on the sought after Northumberland Street, Wallsend.

This property briefly comprises of: an entrance hall, lounge, kitchen, two bedrooms and a bathroom. Externally the property has a private exterior yard and on street parking.

The property offers convenient access to all local amenities and has great road and transport links to Newcastle city centre, the A19 and Coastal areas.

To arrange a viewing email: or call

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 962

Agent Details

Pattinson Estate Agents, Wallsend

0191 607 6820

Next Steps?

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