2 Bed Semi-Detached House, Single Let, Gateshead, NE9 7LA, £110,000

Hamsterley Crescent, Wrekenton, NE9 7LA - 8 days ago

BTL
ROI: 5%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£49.5K - £220K
Sold Prices/m²£669/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£121,986
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£600 - £900

Rent Estimate

£616

Running Costs/mo

£487

Cashflow/mo

£129

Cashflow/yr

£1,549

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £49.5K to £220K, average is £121.8K. £669/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£65K01/240.09 mi5, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JU2
£120K04/230.1 mi76, Rugby Gardens, Gateshead, Tyne And Wear NE9 7JX2
£100K11/220.11 mi13, Marlborough Crescent, Gateshead, Tyne And Wear NE9 7JY2
£85K11/220.14 mi1, Victoria Terrace, Wrekenton, Gateshead, Tyne And Wear NE9 7JT2
£115K02/240.18 mi12, Easington Avenue, Gateshead, Tyne And Wear NE9 7LH2
£95K06/210.24 mi16, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£123K08/230.24 mi8, Heatherdale Terrace, Gateshead, Tyne And Wear NE9 7US2
£75K12/200.36 mi3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA2
£116K05/230.37 mi17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD2
£105K07/240.37 mi23, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YH2
£145K10/230.4 mi34, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JD2
£117.5K12/200.43 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£148K12/220.43 mi23, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£141.5K04/240.43 mi2, Stanley Gardens, Gateshead, Tyne And Wear NE9 7EN2
£120.5K06/210.44 mi12, Stainton Gardens, Gateshead, Tyne And Wear NE9 7EH2
£107.5K09/210.46 miAshleigh, Wrekenton Row, Gateshead, Tyne And Wear NE9 7JE2
£49.5K11/220.46 mi39, Gorsehill, Gateshead, Tyne And Wear NE9 6SE2
£103K06/210.46 mi2, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6YS2
£100K12/200.47 mi11, Carnforth Gardens, Gateshead, Tyne And Wear NE9 6YE2
£95K05/210.52 mi56, Binsby Gardens, Gateshead, Tyne And Wear NE9 7HR2
£167.8K01/230.52 mi11, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£112K10/230.53 mi116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN2
£190K10/230.54 mi15, Hilldyke, Gateshead, Tyne And Wear NE9 7HQ2
£129.7K04/210.56 mi106, Easedale Gardens, Gateshead, Tyne And Wear NE9 6PX2
£105K12/200.56 mi91, Easedale Gardens, Gateshead, Tyne And Wear NE9 6PZ2
£122.5K04/210.58 mi10, Carlisle Place, Gateshead, Tyne And Wear NE9 6YW2
£122K10/210.58 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£130K08/230.58 mi133, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NP2
£158K03/210.59 mi36, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£170K02/230.59 mi32, Coniston Gardens, Gateshead, Tyne And Wear NE9 6XY2
£140K04/230.59 mi2, Grisedale Gardens, Gateshead, Tyne And Wear NE9 6NN2
£209.9K09/210.59 mi29, Meadow Rise, Gateshead, Tyne And Wear NE9 6GB2
£120K03/230.61 mi15, Harewood Green, Gateshead, Tyne And Wear NE9 7BZ2
£155K09/230.61 mi80, Beacon Lough Road, Gateshead, Tyne And Wear NE9 6TA2
£120K03/230.62 mi15, Troutbeck Gardens, Gateshead, Tyne And Wear NE9 6PU2
£136K05/230.62 mi35, Troutbeck Gardens, Gateshead, Tyne And Wear NE9 6PU2
£120K11/200.63 mi11, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£125K04/230.63 mi8, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£220K09/230.64 mi4, Loweswater Road, Gateshead, Tyne And Wear NE9 6TN2
£190K02/230.64 mi38, Southend Road, Gateshead, Tyne And Wear NE9 6XT2
£120K10/200.64 mi30, Dykes Way, Gateshead, Tyne And Wear NE10 8QL2
£89K01/210.64 mi38, Dykes Way, Gateshead, Tyne And Wear NE10 8QL2
£100K01/210.64 mi70, Dykes Way, Gateshead, Tyne And Wear NE10 8QN2
£104K01/210.64 mi62, Dykes Way, Gateshead, Tyne And Wear NE10 8QN2
£121.8K01/240.65 mi63, Brampton Gardens, Gateshead, Tyne And Wear NE9 6PT2
£121.8K01/240.65 mi63, Brampton Gardens, Gateshead, Tyne And Wear NE9 6PT2
£197.5K11/210.66 mi18, Whinlatter Gardens, Gateshead, Tyne And Wear NE9 6TJ2
£165.3K06/210.67 mi40, Celandine Way, Gateshead, Tyne And Wear NE10 8QP2
£146K05/220.67 mi60, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£135K06/230.67 mi8, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2
£127.5K07/230.67 mi54, Celandine Way, Windy Nook, Gateshead, Tyne And Wear NE10 8QP2

Local Rents

15 rents from £600/mo to £900/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69502/240.1 mi-2
£62512/230.11 mi-2
£68508/230.13 mi-2
£65006/240.29 miChopwell Gardens, Wrekenton, Gateshead, NE92
£77506/240.42 miPenrith Gardens, Low Fell2
£75006/240.45 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£75006/240.45 miCrosby Gardens, Lyndhurst, Gateshead, NE92
£80007/240.48 miGalloping Green Road, Gateshead2
£60005/240.54 miColtsfoot Gardens, Windy Nook, Gateshead, Tyne And Wear, NE102
£90006/240.55 miHilldyke, Eighton Banks, Gateshead, NE92
£60006/240.56 miGrisedale Gardens, Low Fell, Gateshead, NE92
£65008/240.59 mi-2
£79506/240.6 miCypress Road, Eighton Banks, NE92
£75006/240.62 miSouthend Road, Sheriff Hill, Gateshead, NE92
£67506/240.62 miSouthend Road, Gateshead2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

0.90 miles away

Nearest school

0.10 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £110,000

March 11, 2025

Description

  • Two Bedrooms +

  • Requires Refurbishment +

  • Corner Plot +

  • Driveway Parking +

  • Council Tax Band A +

  • EPC Rating TBC +

Set on a DESIRABLE CORNER PLOT is this well presented home which will appeal to a wide range of buyers including first time buyers, investors and those simply seeking to down-size. Although the property requires refurbishment, this presents the perfect opportunity to place your own stamp on the property and TAILOR IT TO YOUR TASTES. The living space includes a spacious lounge, FITTED KITCHEN, two double bedrooms, bathroom and separate wc. Gardens and DRIVEWAY PARKING complete this property which is ideally situated for access to local shops, schools and amenities as well as for access to transport routes and services.

Agent Details

Sarah Mains Residential Sales and Lettings, Low Fell

0191 625 0805

Next Steps?

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