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3 Bed Terraced House, Refurb/BRRR, Gateshead, NE8 3RR, £80,000

Fife Street, Deckham, Gateshead, Tyne and Wear, NE8 3RR - 2 views - 7 days ago

Auction
Refurb/BRRR
ROI: 8%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£50K - £385K
Sold Prices/m²£806/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£80,800

 

 

End Value (After Refurb)

£128,552

Uplift in Value

+61%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£35,600

Bridging Loan Interest

£2,100

Total Cash In

£64,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,552

Mortgage (After Refinance)

£96,414

Mortgage LTV

75%

Cash Released

£36,414

Cash Left In

£28,236

Equity

£32,138

Rent Range

£595 - £3,500

Rent Estimate

£1,085

Running Costs/mo

£639

Cashflow/mo

£446

Cashflow/yr

£5,355

ROI

8%

Gross Yield

16%

Local Sold Prices

50 sold prices from £50K to £385K, average is £160K. £806/m² to £3.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K05/240.1 mi302, Old Durham Road, Gateshead, Tyne And Wear NE8 4BQ3
£130K06/230.13 mi123a, Durham Road, Gateshead, Tyne And Wear NE8 4AQ3
£137K10/230.14 mi3, Ellison Villas, Gateshead, Tyne And Wear NE8 3RX3
£150K07/230.15 mi48, Cobden Terrace, Gateshead, Tyne And Wear NE8 3TB3
£128K05/230.16 mi63, Deckham Terrace, Gateshead, Tyne And Wear NE8 3UY3
£127.5K07/210.17 mi92, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£160K08/210.17 mi70, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£165K02/210.17 mi88, Inskip Terrace, Gateshead, Tyne And Wear NE8 4AJ3
£100K04/210.19 mi5, Teviot Street, Gateshead, Tyne And Wear NE8 3RY3
£195K03/230.19 mi75, Durham Road, Gateshead, Tyne And Wear NE8 4AP3
£155K11/200.2 mi76, Durham Road, Gateshead, Tyne And Wear NE8 4EL3
£216K11/220.21 mi27, Ellwood Gardens, Gateshead, Tyne And Wear NE9 5DU3
£194K01/230.21 mi14, St Edmunds Road, Gateshead, Tyne And Wear NE8 4AX3
£190K08/240.21 mi2, St Edmunds Road, Gateshead, Tyne And Wear NE8 4AX3
£165K05/230.21 mi13, Camborne Grove, Gateshead, Tyne And Wear NE8 4EX3
£195K01/210.23 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£160K02/210.23 mi223, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£245K05/240.23 mi215, Prince Consort Road, Gateshead, Tyne And Wear NE8 4DT3
£140K02/240.25 mi13, Marlowe Gardens, Gateshead, Tyne And Wear NE8 3HT3
£145K08/220.25 mi22, Marlowe Gardens, Gateshead, Tyne And Wear NE8 3HT3
£148.5K12/220.25 mi2, Marlowe Gardens, Gateshead, Tyne And Wear NE8 3HT3
£138K10/200.25 mi22, Marlowe Gardens, Gateshead, Tyne And Wear NE8 3HT3
£130K06/220.25 mi14, Marlowe Gardens, Gateshead, Tyne And Wear NE8 3HT3
£173K09/210.26 mi21, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£225K08/230.26 mi20, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£210K11/220.26 mi11, Lynnholme Gardens, Gateshead, Tyne And Wear NE9 5DY3
£145K07/230.26 mi82, Carr Hill Road, Gateshead, Tyne And Wear NE9 5LR3
£185K03/230.27 mi2, Meredith Gardens, Gateshead, Tyne And Wear NE8 3EB3
£327.5K06/210.28 mi270, Durham Road, Gateshead, Tyne And Wear NE8 4JR3
£133.9K09/230.29 mi69, Cemetery Road, Gateshead, Tyne And Wear NE8 3HH3
£120K09/200.29 mi87, Cemetery Road, Gateshead, Tyne And Wear NE8 3HH3
£190K03/230.29 mi8, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3
£225K10/210.29 mi18, Norwood Gardens, Gateshead, Tyne And Wear NE9 5EA3
£135K11/220.31 mi9, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£75K11/220.31 mi57, Milton Square, Gateshead, Tyne And Wear NE8 3HJ3
£193K02/210.32 mi8, Salkeld Gardens, Gateshead, Tyne And Wear NE9 5ED3
£85K11/200.33 mi35, Milton Square, Gateshead, Tyne And Wear NE8 3HJ3
£96K04/210.33 mi58, Grange Terrace, Deckham, Gateshead, Tyne And Wear NE9 5LL3
£160K11/210.35 mi23, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£155K11/220.36 mi32, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£120K11/220.36 mi33, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£162.5K08/220.36 mi27, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£192K01/240.36 mi29, Hardwick Court, Gateshead, Tyne And Wear NE8 3LX3
£385K07/230.36 mi14, Essex Gardens, Gateshead, Tyne And Wear NE9 5BB3
£153K08/210.36 mi7, Warburton Crescent, Gateshead, Tyne And Wear NE9 5LJ3
£250K02/240.36 mi219, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£285K01/210.36 mi203, Dryden Road, Gateshead, Tyne And Wear NE9 5DA3
£292.5K05/240.37 mi247, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£306.5K03/230.37 mi245, Durham Road, Gateshead, Tyne And Wear NE9 5AB3
£55K01/240.37 mi76, Howe Street, Gateshead, Tyne And Wear NE8 3PP3

Local Rents

52 rents from £595/mo to £3.5K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£95009/240.07 mi-3
£72507/240.08 miShipcote Terrace, Gateshead, Tyne And Wear, NE83
£69504/240.09 mi-3
£75007/240.09 mi-3
£69512/240.09 mi-3
£69512/240.09 mi-3
£60001/240.15 mi-3
£65001/250.15 mi-3
£59506/240.15 miNorthbourne Street, Gateshead, Tyne And Wear, NE83
£89506/240.15 miInskip Terrace, Gateshead3
£80004/240.16 mi-3
£95006/240.23 miPrince Consort Road, Gateshead3
£62501/240.27 mi-3
£62501/240.27 mi-3
£65011/240.27 mi-3
£65001/250.27 mi-3
£82503/250.28 mi-3
£89506/240.29 miOld Durham Road, Gateshead, NE83
£89507/240.29 miOld Durham Road, Gateshead, NE83
£89507/240.29 mi-3
£89507/240.29 mi-3
£77506/240.31 mi-3
£2,35004/240.34 mi-3
£2,45008/240.34 mi-3
£2,45011/240.34 mi-3
£2,30003/250.34 mi-3
£2,30003/250.34 mi-3
£70012/240.35 mi-3
£94506/240.35 miRodsley Avenue, Gateshead, Tyne And Wear, NE83
£69506/240.35 miHowe Street, Gateshead, Tyne and Wear, NE83
£62512/240.35 mi-3
£1,00006/240.36 miRodsley Avenue, Gateshead3
£79502/250.39 mi-3
£75006/240.41 miBrinkburn Avenue, Bensham, Gateshead, Tyne And Wear, NE83
£85008/240.41 mi-3
£85007/240.41 miHowe Street, Gateshead, NE83
£65008/240.43 mi-3
£69907/240.43 miKing Edward Street, Gateshead, NE83
£1,55007/240.43 miPark View Avenue, Gateshead3
£70007/240.44 miPrince Consort Road, Bensham, Gateshead, Tyne and Wear, NE8 1LR3
£69506/240.46 miWestbourne Avenue, Gateshead3
£3,50003/250.47 mi-3
£75004/240.47 mi-3
£89507/240.48 miFleetwood Way, Gateshead, NE83
£1,10006/240.48 miBeech Street, Gateshead, Tyne and Wear, NE83
£79510/230.48 mi-3
£96512/240.49 mi-3
£1,10007/240.49 miAngel Avenue, Gateshead, Tyne and Wear, NE83
£3,50003/250.5 mi-3
£1,09506/240.5 mi-3
£1,00002/250.51 mi-3
£97012/240.51 mi-3

Links

Local Area Statistics

Population in NE8

32,358

Population in Gateshead

122,353

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+64%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £80,000

March 14, 2025

Description

  • Three Bedrooms +
  • Mid Terrace House +
  • UPVC Double Glazing +
  • Off Road Parking +
  • Gas Central Heating +

TO BE SOLD VIA ONLINE AUCTION - FEES APPLY.

This three bedroom mid link, although in need of some updating is a great first time buyer, family or a rental opportunity located with easy access to Newcastle and Gateshead. Features include UPVC double glazing, gas central heating via combi boiler, gardens and off road parking.
The accommodation comprises an entrance lobby leading to the hallway with stairs to the first floor, lounge, dining room, kitchen, three bedrooms and a bathroom.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Low Fell

0191 625 0999

Next Steps?

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

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