2 Bed Flat, Single Let, Wallsend, NE28 6RN, £65,000

Frank Street, Wallsend, Tyne and Wear, NE28 6RN - a month ago

Leasehold
Auction
BTL
ROI: 13%
~68 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£80,600
BMV24%

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

£525 - £825

Rent Estimate

£550

Running Costs/mo

£333

Cashflow/mo

£217

Cashflow/yr

£2,603

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £50K to £131.3K, average is £80K. £758/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K03/240.08 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£85K09/230.09 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£75K08/210.14 mi38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU2
£129.9K03/210.16 mi133, The Avenue, Wallsend, Tyne And Wear NE28 6SD2
£87.5K10/220.19 mi45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB2
£78K12/220.19 mi38, John Street, Wallsend, Tyne And Wear NE28 8QX2
£69.5K07/210.19 mi30, David Street, Wallsend, Tyne And Wear NE28 8RA2
£57.5K02/210.22 mi17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY2
£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
£71K07/230.24 mi106, Park Road, Wallsend, Tyne And Wear NE28 7QR2
£60.8K02/230.25 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£113K01/230.26 mi52, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£82.5K07/230.27 mi25, North Road, Wallsend, Tyne And Wear NE28 8LF2
£99K06/210.28 mi35, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£107K03/210.28 mi51, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£96K06/230.29 mi53, Lynn Road, Wallsend, Tyne And Wear NE28 8QA2
£72K03/210.29 mi33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU2
£105K08/230.29 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.29 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£75K11/220.32 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£95.5K12/220.32 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.32 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.32 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£59K01/210.32 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£60K05/210.32 mi37, Philiphaugh, Wallsend, Tyne And Wear NE28 6BX2
£69K12/230.32 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£66K03/240.34 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£87K06/210.35 mi1b, St Aidans Road, Wallsend, Tyne And Wear NE28 8QG2
£75K07/210.38 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£87.2K02/230.41 mi78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX2
£85K12/220.43 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£55K11/210.48 mi41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£60K01/210.48 mi11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£53.3K09/230.49 mi137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£72K10/230.49 mi131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£55K10/200.5 mi264, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£50K12/220.5 mi244, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£80K07/230.51 mi10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ2
£78K12/220.51 mi9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB2
£90K01/230.51 mi38, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£50K01/210.51 mi1, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£80K07/230.55 mi44, Grey Street, Wallsend, Tyne And Wear NE28 7SE2
£89K05/240.57 mi53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.57 mi17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.57 mi19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£85K08/210.59 mi122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.59 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£80K01/230.59 mi88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£71K03/210.61 mi314, High Street East, Wallsend, Tyne And Wear NE28 7JZ2

Local Rents

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

RentDateDistanceAddressBeds 
£62505/240.08 miHugh Street, Wallsend, NE282
£62001/250.09 mi-2
£59505/240.13 mi-2
£60010/230.19 mi-2
£82511/240.19 mi-2
£82502/250.19 mi-2
£79507/240.23 mi-2
£79507/240.23 miWallsend, Tyne And Wear, NE282
£72007/240.25 mi-2
£80005/240.26 mi-2
£82501/250.26 mi-2
£72512/240.26 mi-2
£80005/240.26 mi-2
£75004/240.26 mi-2
£65006/240.31 miCoronation Street, Wallsend, North Tyneside, NE282
£52505/240.41 miHolly Avenue, Wallsend2
£67504/240.44 mi-2
£57507/240.47 miHigh Street East, Wallsend, Tyne and Wear, NE28 7RX2
£65005/240.5 miDene Crescent, Wallsend. NE28 7SN. ** Garden & Drive **2
£55009/230.51 mi-2
£57506/240.52 miPercy Street, Wallsend2
£75012/240.54 miFossway, Byker, Newcastle upon Tyne, NE62
£65011/230.56 mi-2
£69511/240.56 mi-2
£55007/240.59 miDene Crescent, Wallsend2
£55007/240.59 miDene Crescent, Wallsend2
£59507/240.59 miDene Crescent, Wallsend, Tyne and Wear, NE282
£65006/240.59 miWallsend, Tyne and Wear, NE282
£79505/240.62 miCourtfield Road, Newcastle upon Tyne, Tyne and Wear, NE62

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £65,000

March 11, 2025

Floor Plans

Description

  • Sold Via Auction +
  • Upper Flat +
  • Two bedrooms +
  • Allocated parking space +
  • EPC - C +

TO BE SOLD VIA ONLINE AUCTION ( (08/04/2025 12:00)) FEES APPLY.

Pattinson Estate Agents are pleased to welcome to the market this two bed upper flat on Frank Street.

Briefly comprising an entrance, stairs leading to the first floor, lounge, kitchen, two bedrooms and a bathroom.

Externally stairs leading down to the allocated parking space.

The property is well placed for reach of local amenities including Wallsend metro station, medical services, library, local shops as well as excellent transport links into Newcastle City Centre and to the Coast.

360 Tour available:

For more information please contact:

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 99

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 💪