2 Bed Flat, Single Let, Hebburn, NE31 2XH, £75,000

79 Howe Street, Hebburn, NE31 2XH, UK - 24 days ago

Leasehold
BTL
ROI: 10%
62 m²
+3 photos

ValuationOvervalued

Sold Prices£42K - £110K
Sold Prices/m²£443/m² - £1.9K/m²

 

 

Square Metres

62 m²
Price/m²£1.2K/m²

Value Estimate

£64,583

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£500 - £925

Rent Estimate

£575

Running Costs/mo

£369

Cashflow/mo

£206

Cashflow/yr

£2,468

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £42K to £110K, average is £68K. £443/m² to £1.9K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£50K01/210.01 mi85, Howe Street, Hebburn, Tyne And Wear NE31 2XH2
£62K01/230.02 mi64, Frobisher Street, Hebburn, Tyne And Wear NE31 2XE2
£66.5K02/240.04 mi71, Red House Road, Hebburn, Tyne And Wear NE31 2XG2
£43K01/230.05 mi13, Red House Road, Hebburn, Tyne And Wear NE31 2XF2
£61.5K01/230.05 mi87, Collingwood Street, Hebburn, Tyne And Wear NE31 2XW2
£81K10/230.06 mi77, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£45.5K04/230.06 mi54, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£65K03/210.06 mi80, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD2
£49K09/210.09 mi31, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£58.5K09/220.09 mi33, Frobisher Street, Hebburn, Tyne And Wear NE31 2XB2
£76.5K06/230.11 mi43, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K06/230.11 mi47, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£71K09/230.11 mi64, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£61K09/220.11 mi67, Northbourne Road, Jarrow, Tyne And Wear NE32 5JS2
£63.5K08/210.16 mi295, Albert Road, Jarrow, Tyne And Wear NE32 5JU2
£91K01/230.19 mi9, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£61K02/210.21 mi216, Albert Road, Jarrow, Tyne And Wear NE32 5JA2
£90K11/230.25 mi4, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£65K09/230.25 mi22, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£85K07/230.25 mi26, Bonnar Court, Hebburn, Tyne And Wear NE31 2YN2
£81K09/210.33 mi79, Wansbeck Road, Jarrow, Tyne And Wear NE32 5SS2
£51.5K12/200.34 mi12, Marlborough Court, Jarrow, Tyne And Wear NE32 5RB2
£68K05/220.36 mi171, Albert Road, Jarrow, Tyne And Wear NE32 5AF2
£90K10/200.37 mi3, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£110K09/230.37 mi4, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ2
£62K04/210.46 mi36, Greenbank, Jarrow, Tyne And Wear NE32 3NP2
£65K11/220.52 mi25, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£72K11/220.58 mi74, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£62.5K09/210.58 mi51, Victoria Road East, Hebburn, Tyne And Wear NE31 1XL2
£74K03/230.59 mi76, Makendon Street, Hebburn, Tyne And Wear NE31 1RF2
£50K01/210.59 mi75, Hedgeley Road, Hebburn, Tyne And Wear NE31 1PR2
£69K01/210.61 mi3, Quarry Road, Hebburn, Tyne And Wear NE31 2UN2
£68K07/230.62 mi10, Vimy Avenue, Hebburn, Tyne And Wear NE31 1QR2
£63.5K10/200.63 mi76, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£66K07/220.63 mi56, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£73K07/220.63 mi62, Grange Road, Jarrow, Tyne And Wear NE32 3LD2
£48.5K08/220.64 mi22, Ellen Court, Jarrow, Tyne And Wear NE32 3NH2
£68K03/220.65 mi41, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£68K04/230.66 mi23, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£77.5K03/230.66 mi25, Victoria Road East, Hebburn, Tyne And Wear NE31 1XG2
£72K08/220.67 mi6, Ellen Court, Jarrow, Tyne And Wear NE32 3NH2
£80K12/220.69 mi17, North Street, Jarrow, Tyne And Wear NE32 3PG2
£78K03/220.69 mi29, North Street, Jarrow, Tyne And Wear NE32 3PG2
£80K02/230.69 mi19, North Street, Jarrow, Tyne And Wear NE32 3PG2
£42K10/200.7 mi23, Tweed Street, Hebburn, Tyne And Wear NE31 1XP2
£68.8K07/230.71 mi155, Finchale Road, Hebburn, Tyne And Wear NE31 2BW2
£75K03/210.71 mi30, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£78K06/230.71 mi50, Olwen Drive, Hebburn, Tyne And Wear NE31 1AR2
£60K01/210.72 mi19, Station Road, Hebburn, Tyne And Wear NE31 1LA2
£82.5K04/220.74 mi5, May Close, Hebburn, Tyne And Wear NE31 1FD2

Local Rents

19 rents from £500/mo to £925/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£59505/240.03 mi-2
£57503/240.04 mi-2
£62503/240.05 mi-2
£59505/240.07 mi-2
£75006/240.07 miJervis Street, Hebburn2
£55002/240.08 mi-2
£59502/250.08 mi-2
£60006/240.09 miFrobisher Street, Hebburn, NE312
£77505/240.19 miPalmer Crescent, Hebburn, Tyne & Wear2
£80006/240.24 miAdair Way, Hebburn, Tyne and Wear, NE312
£80007/240.24 miAdair Way, Hebburn, Tyne and Wear, NE312
£50009/230.25 mi-2
£69506/240.25 miWindsor Crescent, Hebburn2
£72505/240.26 miElm Street, Jarrow, Tyne and Wear, NE32 5JD2
£72504/250.27 mi-2
£92505/240.28 mi-2
£92505/240.28 mi-2
£59504/250.31 mi-2
£57505/240.33 miWansbeck Road, Jarrow, Tyne and Wear, NE32 5SS2

Local Area Statistics

Population in NE31

19,746

Population in Hebburn

19,774

Town centre distance

0.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-1%

Property History

Listed for £75,000

March 18, 2025

Description

  • Modern Lower Flat +
  • Immaculately Presented +
  • Convenient Location +
  • Excellent Road Links and Transport Routes +
  • Ideal Buy To Let Investment Opportunity +
  • Private Rear Yard +
  • Reference: 463286 +

Modern two bedroom flat on quiet and convenient Howe Street, Hebburn.

This immaculately presented lower flat is ideally located for easy access to local amenities, including:- Shops, schools, eateries, West Park for nature walks, and Jarrow Community Pool. Also closeby are excellent road links and transport routes, with frequent bus services, Jarrow Metro, and access to the A19.

The bright, neutrally decorated internal accommodation briefly comprises:- Entrance hallway to spacious lounge with french doors to the rear yard, modern recently fitted kitchen, immaculate shower room and two bedrooms. Externally, there is a private yard to the rear.

Ideal first time buy or buy-to-let investment opportunity. Early Viewings come highly recommended to avoid missing out.
ENTRANCE HALLWAY
Laminate flooring, radiator, storage cupboard.
LOUNGE 4.16m (13'8) x 3.92m (12'10)
French doors to rear yard, storage cupboard, electric fire and fireplace.
KITCHEN 2.46m (8'1) x 2.69m (8'10)
Double glazed window, laminate flooring, tiled walls, recently fitted white kitchen suite with wooden worktops, oven/hob with extractor fan, space for washing machine.
BEDROOM ONE 4.13m (13'7) x 3.67m (12'0)
Double glazed wndow, wooden blinds, laminate flooring, radiator.
BEDROOM TWO 3.16m (10'4) x 2.29m (7'6)
Double glazed window, laminate flooring, radiator.
BATHROOM 2.77m (9'1) x 1.81m (5'11)
Two double glazed windows, panelled walls, large shower cubicle, low level w.c., wash basin on a vanity unit, heated ladder towel rail.
EXTERNALLY
Gated concrete yard to the rear.
Tenure
The property is Freehold with a lease to number 79.

We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 14 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE31 2XH and mobile coverage is provided by EE, Three, O2 and Vodafone. *The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Agent Details

Andrew Craig, Jarrow

0191 625 0760

Next Steps?

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