2 Bed Flat, Single Let, Wallsend, NE28 7RP, £65,000

High Street East,Tyne and Wear, NE28 7RP - 21 days ago

BTL
ROI: 13%
~68 m²
+6 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

£79,300
BMV22%

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 £79K. £758/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£75K11/220.03 mi76, Laurel Street, Wallsend, Tyne And Wear NE28 6PQ2
£69K12/230.05 mi159, Vine Street, Wallsend, Tyne And Wear NE28 6JB2
£60.8K02/230.1 mi43, Park Road, Wallsend, Tyne And Wear NE28 6QZ2
£72K03/210.12 mi33, Coronation Street, Wallsend, Tyne And Wear NE28 7LU2
£87.2K02/230.12 mi78, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX2
£55K11/210.14 mi41, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£60K01/210.14 mi11, Westmoreland Street, Wallsend, Tyne And Wear NE28 7RY2
£55K10/200.16 mi264, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£50K12/220.16 mi244, High Street East, Wallsend, Tyne And Wear NE28 7RX2
£71K07/230.17 mi106, Park Road, Wallsend, Tyne And Wear NE28 7QR2
£53.3K09/230.17 mi137, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£72K10/230.17 mi131, Holly Avenue, Wallsend, Tyne And Wear NE28 6PE2
£80K07/230.18 mi10, Durham Street, Wallsend, Tyne And Wear NE28 7RZ2
£78K12/220.19 mi9, Cumberland Street, Wallsend, Tyne And Wear NE28 7SB2
£87.5K10/220.22 mi45, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB2
£90K01/230.22 mi38, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£50K01/210.22 mi1, Percy Street, Wallsend, Tyne And Wear NE28 7SF2
£89K05/240.24 mi53, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.24 mi17, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£89K02/230.24 mi19, Dene Crescent, Wallsend, Tyne And Wear NE28 7SN2
£80K07/230.25 mi44, Grey Street, Wallsend, Tyne And Wear NE28 7SE2
£85K08/210.25 mi122, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£77.5K01/230.25 mi94, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£80K01/230.25 mi88, Dene Crescent, Wallsend, Tyne And Wear NE28 7SW2
£71K03/210.28 mi314, High Street East, Wallsend, Tyne And Wear NE28 7JZ2
£131.3K09/230.3 mi204, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£85K02/210.3 mi248, Station Road, Wallsend, Tyne And Wear NE28 8RD2
£95.5K12/220.34 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.34 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.34 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£69.5K07/210.34 mi30, David Street, Wallsend, Tyne And Wear NE28 8RA2
£59.5K06/230.35 mi12, Limekiln Court, Wallsend, Tyne And Wear NE28 6QH2
£78K12/220.37 mi38, John Street, Wallsend, Tyne And Wear NE28 8QX2
£57.5K02/210.38 mi17, Lisle Street, Wallsend, Tyne And Wear NE28 8QY2
£105K08/230.38 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.38 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£85K09/230.38 mi28, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ2
£90K03/240.39 mi28, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH2
£59K01/210.41 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£66K03/240.43 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£75K07/210.47 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£85K12/220.48 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£75K08/210.48 mi38, Sedley Road, Wallsend, Tyne And Wear NE28 6AU2
£82.5K07/230.49 mi25, North Road, Wallsend, Tyne And Wear NE28 8LF2
£129.9K03/210.49 mi133, The Avenue, Wallsend, Tyne And Wear NE28 6SD2
£73K10/230.51 mi34, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£80K10/200.51 mi30, Valley Gardens, Wallsend, Tyne And Wear NE28 7HB2
£113K01/230.53 mi52, Windermere Close, Wallsend, Tyne And Wear NE28 8QH2
£80K10/200.53 mi35, Deneholm, Wallsend, Tyne And Wear NE28 7HE2
£80K09/230.53 mi73, Deneholm, Wallsend, Tyne And Wear NE28 7HE2

Local Rents

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

RentDateDistanceAddressBeds 
£72007/240.09 mi-2
£52505/240.11 miHolly Avenue, Wallsend2
£65006/240.12 miCoronation Street, Wallsend, North Tyneside, NE282
£67504/240.13 mi-2
£57507/240.14 miHigh Street East, Wallsend, Tyne and Wear, NE28 7RX2
£65005/240.16 miDene Crescent, Wallsend. NE28 7SN. ** Garden & Drive **2
£60010/230.17 mi-2
£55009/230.21 mi-2
£65011/230.22 mi-2
£69511/240.22 mi-2
£57506/240.23 miPercy Street, Wallsend2
£62001/250.25 mi-2
£59507/240.25 miDene Crescent, Wallsend, Tyne and Wear, NE282
£55007/240.25 miDene Crescent, Wallsend2
£55007/240.25 miDene Crescent, Wallsend2
£65006/240.26 miWallsend, Tyne and Wear, NE282
£62505/240.26 miHugh Street, Wallsend, NE282
£72512/240.28 mi-2
£80005/240.3 mi-2
£75004/240.3 mi-2
£82511/240.36 mi-2
£82502/250.36 mi-2
£59505/240.37 mi-2
£79507/240.52 mi-2
£79507/240.52 miWallsend, Tyne And Wear, NE282
£80005/240.57 mi-2
£82501/250.57 mi-2
£55006/240.62 miSouth Terrace, Wallsend, NE282

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 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 17, 2025

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 Bedroom Flat located in Newcastle Upon Tyne. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a spacious lounge and a modern kitchen.

Investment details

It currently produces an annual gross income of £9000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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