3 Bed Semi-Detached House, Refurb/BRRR, Cramlington, NE23 7QX, £130,000

Barras Avenue, Annitsford, NE23 7QX - 3 views - 25 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£80K - £395K
Sold Prices/m²£741/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£160,905

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£35,600

Bridging Loan Interest

£3,413

Total Cash In

£80,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,905

Mortgage (After Refinance)

£120,679

Mortgage LTV

75%

Cash Released

£23,179

Cash Left In

£57,784

Equity

£40,226

Rent Range

£375 - £3,542

Rent Estimate

£786

Running Costs/mo

£680

Cashflow/mo

£106

Cashflow/yr

£1,272

ROI

2%

Gross Yield

7%

Local Sold Prices

51 sold prices from £80K to £395K, average is £165K. £741/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£132.5K12/200.06 mi9, Barras Gardens, Annitsford, Cramlington, Tyne And Wear NE23 7RB3
£105K03/210.1 mi38, Front Street, Annitsford, Cramlington, Tyne And Wear NE23 7RQ3
£124K07/230.2 mi37, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£102K08/230.2 mi35, Wardle Drive, Annitsford, Cramlington, Tyne And Wear NE23 7DD3
£93K07/240.21 mi32, Burnside Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7AU3
£105K05/230.26 mi16, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£115K11/230.26 mi40, Hudson Avenue, Annitsford, Cramlington, Tyne And Wear NE23 7DA3
£215K03/210.33 mi6, Seaton Croft, Annitsford, Cramlington, Tyne And Wear NE23 7LA3
£190K02/210.33 mi20, Seaton Croft, Annitsford, Cramlington, Northumberland NE23 7LA3
£150K06/240.33 mi15, Burt Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AR3
£200K03/240.35 miPrestwick Cottage, Burradon Road, Annitsford, Cramlington, Tyne And Wear NE23 7BB3
£175K11/210.38 mi45, Primrose Close, Annitsford, Cramlington, Tyne And Wear NE23 7UD3
£203K05/240.38 mi29, Primrose Close, Annitsford, Cramlington, Tyne And Wear NE23 7UD3
£118K12/200.43 mi28, Bowman Drive, Dudley, Cramlington, Tyne And Wear NE23 7AS3
£127.5K05/230.44 mi13, Craig Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AN3
£138.9K11/200.48 mi28, Elizabeth Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AJ3
£150K09/230.48 mi26, Elizabeth Crescent, Dudley, Cramlington, Tyne And Wear NE23 7AJ3
£245K11/200.5 miSt Niklausen, 10, North Villas, Dudley, Cramlington, Tyne And Wear NE23 7QF3
£220K11/230.5 mi37, Ashkirk, Dudley, Cramlington, Tyne And Wear NE23 7DF3
£170K03/240.52 mi4, Whitburn Place, Cramlington, Northumberland NE23 6PJ3
£177.9K11/200.61 mi49, Windburgh Drive, Cramlington, Northumberland NE23 6NT3
£165K02/210.61 mi71, Windburgh Drive, Cramlington, Northumberland NE23 6NT3
£130K01/240.64 mi20, Bamborough Court, Dudley, Cramlington, Tyne And Wear NE23 7HW3
£262.5K02/230.64 mi6, Whernside Place, Cramlington, Northumberland NE23 6PG3
£157K03/210.65 mi17, Southfields, Dudley, Cramlington, Tyne And Wear NE23 7HU3
£184K03/210.66 mi4, Walkerburn, Cramlington, Northumberland NE23 6LU3
£184K04/210.67 mi3, Windermere Close, Cramlington, Northumberland NE23 6PQ3
£225K11/210.7 mi10, Waterbeck Close, Cramlington, Northumberland NE23 6LT3
£170K06/210.71 mi12, Grindon Close, Cramlington, Northumberland NE23 6NQ3
£265K07/230.73 mi9, Hazelmere Dene, Seghill, Cramlington, Northumberland NE23 7LW3
£186K11/200.75 mi14, Gowanburn, Cramlington, Northumberland NE23 6NG3
£200K01/230.75 mi2, Gowanburn, Cramlington, Northumberland NE23 6NG3
£245K12/200.78 mi10, Glenluce Drive, Cramlington, Northumberland NE23 6PW3
£112.3K04/210.79 mi3, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£155K08/240.79 mi1, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£130K07/240.79 mi13, Weetslade Road, Dudley, Cramlington, Tyne And Wear NE23 7LH3
£144.5K02/240.8 mi20, Glenluce Drive, Cramlington, Northumberland NE23 6PP3
£144.5K02/240.8 mi20, Glenluce Drive, Cramlington, Northumberland NE23 6PP3
£210K09/210.8 mi5, Fox Lea Walk, Seghill, Cramlington, Northumberland NE23 7TD3
£395K09/230.81 mi46, Richmond Way, Cramlington, Northumberland NE23 7XE3
£189.9K06/210.81 mi58, Westerkirk, Cramlington, Northumberland NE23 6NE3
£209K05/230.81 mi59, Westerkirk, Cramlington, Northumberland NE23 6NE3
£80K10/230.82 mi8, Angerton Terrace, Dudley, Cramlington, Tyne And Wear NE23 7JE3
£265K09/210.83 mi1, Glenluce Drive, Cramlington, Northumberland NE23 6PN3
£220K09/230.83 mi9, Glenluce Drive, Cramlington, Northumberland NE23 6PN3
£164.9K09/230.84 mi61, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LL3
£150K12/220.85 mi14, Weetslade Crescent, Dudley, Cramlington, Tyne And Wear NE23 7LJ3
£160K11/230.92 mi3, Green Lane, Dudley, Cramlington, Tyne And Wear NE23 7JP3
£103.5K07/230.94 mi71, Green Crescent, Dudley, Cramlington, Tyne And Wear NE23 7JS3
£370K06/210.95 mi9, Ripley Drive, Cramlington, Northumberland NE23 7XA3
£89.5K11/200.99 mi72, Burradon Road, Burradon, Cramlington, Tyne And Wear NE23 7NF3

Local Rents

51 rents from £375/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£62502/250.01 mi-2
£68505/240.27 mi-1
£69511/240.27 mi-1
£63001/250.32 mi-1
£1,02503/250.32 mi-3
£75006/240.52 mi-2
£75006/240.52 mi-2
£79504/250.52 mi-2
£62502/240.59 mi-2
£65002/240.62 mi-2
£78003/240.62 mi-3
£95002/250.63 mi-3
£49507/240.67 miWindermere Close, Southfield Lea, Cramlington2
£49512/240.67 miWindermere Close, Southfield Lea, Cramlington2
£52501/250.81 mi-1
£85005/240.82 mi-2
£1,09503/250.91 mi-3
£60001/250.92 mi-3
£37512/241 mi-1
£55006/241 mi-1
£55006/241 miChirnside, Cramlington, NE231
£65006/241 miChirnside, Cramlington, Northumberland, NE23 6LQ2
£65007/241.03 miChirnside, Cramlington, NE232
£87505/241.06 miCairnsmore Close, Cramlington2
£94010/241.09 mi-3
£60005/241.14 miFarm Cottages, Weetslade, Dudley, Cramlington, Northumberland, NE231
£87507/241.25 mi-3
£85006/241.25 miAlexandra Way, Cramlington, NE233
£87507/241.25 miAlexandra Way, Cramlington, NE233
£3,54206/241.25 miThermal House, Unit 5, Mylord Cresent, Camperdown Industrial, NE121
£95002/251.3 mi-3
£85007/241.31 mi-3
£85007/241.31 miMonkside, Cramlington, NE233
£59006/241.32 miAllerhope, Cramlington, NE231
£58505/241.32 mi(Bills Inclusive) Allerhope, Cramlington, NE231
£89501/241.33 mi-3
£70005/241.33 miCoanwood Drive, Cramlington2
£67508/241.34 mi-2
£57506/241.34 miAllerhope, Cramlington1
£57507/241.34 miAllerhope, Cramlington1
£57512/241.34 miAllerhope, Cramlington1
£52505/241.38 mi-1
£52505/241.39 miDewley, Cramlington2
£92507/241.41 miCamperdown, NEWCASTLE UPON TYNE, NE12 5XL3
£80007/241.41 miGreenhills, Killingworth, Newcastle Upon Tyne, NE122
£70005/241.41 mi-2
£80006/241.43 miChipchase Avenue, Cramlington, NE233
£90005/241.43 miHarwood Close, Cramlington, Northumberland, NE23 6AW3
£97507/241.45 miCygnet Park, Killingworth, NE12 5AS2
£98512/241.45 miPinetree Avenue, Killingworth, NE122
£80006/241.46 miChipchase Avenue, Cramlington3

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.84 miles away

Nearest school

0.40 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £130,000

March 18, 2025

Floor Plans

Description

  • Bright three-bedroom semi detached family home. +
  • Offering excellent potential for future improvement and personalisation. +
  • No upper chain. +
  • Within walking distance to local Schools, amenities and transport links. +

Alexander Hudson Estates are thrilled to present this three-bedroom, semi-detached family home in the highly sought-after village of Annitsford, NE23. Offered with the benefit of no upper chain, this property presents an exciting opportunity for those looking to add their personal touch through renovation.

The property briefly comprises an entrance porch and hallway, leading into a bright and airy living room with large windows that fill the space with natural light. The separate dining kitchen provides room for meal preparation and storage, with plenty of room to adapt to your needs. A utility room and conveniently located family bathroom completes the ground floor. Upstairs, you will find three bedrooms, providing ample space for a family or home office.

Externally, the property boasts a small front garden and a driveway leading to an attached garage. To the rear, a lawned garden provides a peaceful outdoor retreat.

Located just a short drive from both Cramlington and Killingworth, the property benefits from a wide range of local amenities. Annitsford itself enjoys a charming village atmosphere, with pubs, restaurants, and other conveniences nearby. With excellent access to the A19, commuting and travel to the wider city are made easy.

While the property is in need of some renovation, it holds great potential and is ideal for those looking to create a home tailored to their own tastes. A fantastic opportunity to make your mark in a lovely village setting.

Agent Details

Alexander Hudson Estates, Newcastle

0191 268 7433

Next Steps?

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

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