3 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE8 4XA, £220,000

Lobley Hill Road, Gateshead, NE8 4XA - 1 views - 7 days ago

Cash
ROI: 9%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£80K - £286K
Sold Prices/m²£804/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£155,966

 

 

End Value (After Refurb)

£145,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£35,600

Bridging Loan Interest

£5,775

Total Cash In

£110,325

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,000

Mortgage (After Refinance)

£108,750

Mortgage LTV

75%

Cash Left In

£110,325

Equity

£36,250

Rent Range

£650 - £8,333

Rent Estimate

£1,648

Running Costs/mo

£803

Cashflow/mo

£845

Cashflow/yr

£10,143

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £80K to £286K, average is £162.5K. £804/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£190K09/230.13 mi111, Lobley Hill Road, Gateshead, Tyne And Wear NE8 4XB3
£141K03/230.14 mi17, Chepstow Gardens, Gateshead, Tyne And Wear NE8 4XY3
£165K01/220.16 mi26, Jubilee Court, Gateshead, Tyne And Wear NE8 2EQ3
£123K07/230.2 mi72, Rawling Road, Gateshead, Tyne And Wear NE8 4QR3
£145K09/230.2 mi5, Hazel Road, Gateshead, Tyne And Wear NE8 2EP3
£120K04/230.21 mi13, Walnut Gardens, Gateshead, Tyne And Wear NE8 2TB3
£160K08/230.21 mi68, Armstrong Street, Bensham, Gateshead, Tyne And Wear NE8 4XS3
£136K07/240.23 mi10, Almond Crescent, Gateshead, Tyne And Wear NE8 2TE3
£80K01/210.23 mi20, Almond Crescent, Gateshead, Tyne And Wear NE8 2TE3
£81K06/210.23 mi3, Chestnut Gardens, Gateshead, Tyne And Wear NE8 2TJ3
£165K05/230.25 mi11, Telford Street, Gateshead, Tyne And Wear NE8 4TT3
£80K01/210.29 mi46, Queens Court, Gateshead, Tyne And Wear NE8 2TF3
£135K03/230.29 mi7, Queens Court, Gateshead, Tyne And Wear NE8 2TF3
£90K10/200.34 mi19, Bolam Street, Gateshead, Tyne And Wear NE8 2TQ3
£80K09/230.34 mi5, Bolam Street, Gateshead, Tyne And Wear NE8 2TQ3
£174K08/220.37 mi25, Arkwright Street, Gateshead, Tyne And Wear NE8 4TY3
£191.5K07/230.37 mi52, Curzon Street, Gateshead, Tyne And Wear NE8 1YD3
£117K10/200.37 mi52, Curzon Street, Gateshead, Tyne And Wear NE8 1YD3
£153K08/240.38 mi13, Huxley Crescent, Gateshead, Tyne And Wear NE8 4UJ3
£123K11/200.39 mi248, Rawling Road, Gateshead, Tyne And Wear NE8 4UE3
£185K11/220.4 mi11, Heritage Close, Gateshead, Tyne And Wear NE8 2PT3
£182.5K06/220.4 mi9, Heritage Close, Gateshead, Tyne And Wear NE8 2PT3
£138K05/210.41 mi7, Tynewold Close, Gateshead, Tyne And Wear NE8 2PX3
£187K03/220.41 mi9, Tynewold Close, Gateshead, Tyne And Wear NE8 2PX3
£133K05/240.43 mi22, Edison Gardens, Gateshead, Tyne And Wear NE8 4SE3
£128K04/230.43 mi14, Edison Gardens, Gateshead, Tyne And Wear NE8 4SE3
£236K07/240.45 mi14, Marsh Court, Gateshead, Tyne And Wear NE11 9TD3
£180K03/210.45 mi63, Grasmere Street West, Gateshead, Tyne And Wear NE8 1TS3
£150K08/210.45 mi51, Johnson Street, Gateshead, Tyne And Wear NE8 2PJ3
£179.3K10/200.46 mi9, Swallow Tail Drive, Gateshead, Tyne And Wear NE11 9TG3
£246K03/230.46 mi7, Swallow Tail Drive, Gateshead, Tyne And Wear NE11 9TG3
£120K07/210.46 mi114, Fern Dene Road, Gateshead, Tyne And Wear NE8 4RY3
£135.5K10/200.46 mi10, Abbeyfield Close, Gateshead, Tyne And Wear NE8 2PS3
£135K10/200.46 mi16, Abbeyfield Close, Gateshead, Tyne And Wear NE8 2PS3
£218K12/220.47 mi6, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£86K01/210.47 mi15, Wolseley Close, Gateshead, Tyne And Wear NE8 2NT3
£205K11/220.48 mi345, Rawling Road, Gateshead, Tyne And Wear NE8 4UH3
£265K06/210.48 mi12, Red Admiral Court, Gateshead, Tyne And Wear NE11 9TW3
£190K06/240.48 mi353, Rectory Road, Bensham, Gateshead, Tyne And Wear NE8 4SR3
£109K12/220.48 mi84, Milling Court, Gateshead, Tyne And Wear NE8 2QF3
£140K02/210.48 mi18, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£179K08/230.48 mi20, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£235K02/230.48 mi14, Bartram Gardens, Gateshead, Tyne And Wear NE8 4SJ3
£234K03/230.49 mi353, Rawling Road, Gateshead, Tyne And Wear NE8 4UH3
£286K08/230.5 mi14, Claremont Place, Gateshead, Tyne And Wear NE8 1TL3
£188.7K11/200.51 mi24, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£185K02/210.51 mi4, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£225.8K11/230.51 mi29, Brighton Gardens, Gateshead, Tyne And Wear NE8 4SN3
£215K07/230.51 mi6, Marblet Court, Gateshead, Tyne And Wear NE11 9TB3
£204K01/210.52 mi7, Peacock Court, Gateshead, Tyne And Wear NE11 9TX3

Local Rents

50 rents from £650/mo to £8.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95006/240.11 miGateshead3
£67507/240.13 miVictoria Road, Gateshead, NE83
£90011/230.14 mi-3
£65003/250.16 mi-3
£3,50003/250.2 mi-3
£3,50003/250.2 mi-3
£95006/240.2 miWhitehall Road, Gateshead3
£2,90006/240.2 mi-3
£3,10003/250.2 mi-3
£3,50003/250.2 mi-3
£1,00006/240.21 miArmstrong Street, Gateshead, Tyne and Wear, NE83
£3,50002/240.23 mi-3
£3,50003/250.23 mi-3
£99512/230.23 mi-3
£67507/240.24 mi-3
£95006/240.25 miLiddell Terrace, Gateshead, NE83
£69507/240.29 miBrighton Road, Gateshead3
£3,30002/250.29 mi-3
£92503/250.33 mi-3
£8,33303/250.34 mi-3
£3,50003/250.34 mi-3
£70006/240.35 mi-3
£75007/240.35 mi-3
£85008/240.35 mi-3
£85006/240.35 miBrighton Road, Gateshead, NE83
£1,00006/240.38 miHuxley Crescent, Gateshead3
£1,40002/240.38 mi-3
£1,65001/250.38 mi-3
£1,85003/250.38 mi-3
£3,50003/250.4 mi-3
£72503/240.4 mi-3
£99507/240.4 mi-3
£99507/240.4 miHeritage Close, Gateshead, NE83
£70006/240.41 miFern Dene Road, Gateshead3
£65003/250.44 mi-3
£3,50003/250.45 mi-3
£89506/240.46 miFerndene Road,Gateshead, Tyne And Wear3
£1,00007/240.46 miAbbeyfield Close, Gateshead3
£67506/240.47 miFern Dene Road, Bensham, Gateshead, Tyne And Wear, NE83
£65006/240.47 miBrighton Road, Gateshead3
£79510/230.49 mi-3
£69506/240.5 miWestbourne Avenue, Gateshead3
£3,50003/250.5 mi-3
£80002/240.51 mi-3
£80003/240.51 mi-3
£85008/240.51 mi-3
£85010/240.51 mi-3
£80007/240.51 miMilling Court, Gateshead, NE83
£80007/240.51 miMilling Court, Gateshead, NE83
£1,20011/240.52 mi-3

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

1.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £220,000

March 14, 2025

Floor Plans

Description

  • Very Spacious With Large Garden +

  • Highly Convenient Location +

  • Approx. Floor Area: 120 sqM or 1293sqFT +

  • Council Tax Band B +

  • EOC RATING D +

An incredible chance awaits as we present this exceptional family home. With an ideal location near the A1, Team Valley and just a short walk from Saltwell Road High Street, this property offers convenience and accessibility. Gateshead Town Centre is easily reached, and the Metrocentre is less than a 10-minute drive away.

Key Features:

-Beautifully Presented Front Garden:
Begin your journey with the captivating front garden, a prelude to the treasures within. As you step through the UPVC front door, you're greeted by a bright and spacious hall adorned with tiled flooring.

- Two Spacious Reception Rooms:
Enter the dining room, currently used as a second sitting room, featuring high ceilings and large windows that fill the room with natural light. Slide the double French doors to reveal the lounge with a semi-circular double glazed bay window, creating a welcoming ambiance.

- Stunning Kitchen:
The kitchen is a showstopper with olive green panel units, white work surfaces, and top-of-the-range appliances. The black Smeg range dual fuel cooker is a centerpiece, set against a white gloss brick effect tiled splashback.

- Private Rear Garden:
Beyond the dining room's large rear-facing window, step into a stunning rear garden with a large patio, well-manicured lawn, and a pebbled feature with floral arrangements. There are a number of outbuildings, some of brick and some of wood construction. The brick-built outbuilding consists of an additional utility area with power and plumbing supplied while the buildings of wooden construction consist of a dog pen, pigeon coup and aviary for canaries (the wooden units can be sold with the house or taken down).

- Other Features:
Benefit from new drainage and guttering, double loft and cavity wall insulations, CCTV, and a 5-year-old combi-boiler, ensuring a comfortable and efficient living environment.

Room Descriptions:

- Entrance Hall:
Spacious and bright with tiled flooring, high ceilings, and large windows. Provides access to the dining room, kitchen, and a built-in under stairs cupboard.

- Lounge:
A spacious carpeted lounge with a semi-circular double glazed bay window, offering a delightful view. Features an electric fireplace with a white marble hearth.

- Dining Room:
Currently used as a second sitting room, this carpeted space boasts a large rear-facing double glazed window and an electric fireplace.

- Kitchen:
Tiled flooring, half-height grey gloss brick tiled splashback, and a stunning range of base and wall units. The black Smeg range cooker steals the spotlight.

- First Floor Bedrooms and Bathroom:
Three generous-sized double bedrooms and a spacious bathroom with separate shower cubicle, exuding elegance.

- Utility Room:
A unique and generously sized utility room on the first floor with vinyl flooring and ample space for appliances.

Exterior:
- Front: Beautifully presented garden, double gates leading to an elevated parking space.
- Rear: Spacious and beautifully presented garden with a large patio, lawned area, and various outbuildings, including a brick-built utility and wooden structures for pets.

We understand the property is 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.

QLF230259/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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