2 Bed Flat, Single Let, Washington, NE38 9EQ, £80,000

Petteril, Washington, Tyne and Wear, NE38 9EQ - 24 days ago

Leasehold
BTL
ROI: 10%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£40K - £310K
Sold Prices/m²£515/m² - £24.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£83,397
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£550 - £2,200

Rent Estimate

£600

Running Costs/mo

£390

Cashflow/mo

£210

Cashflow/yr

£2,520

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £310K, average is £72K. £515/m² to £24.2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£63K06/220.01 mi6, Petteril, Rickleton, Washington, Tyne And Wear NE38 9EQ2
£65K11/210.08 mi50, Alwin, Washington, Tyne And Wear NE38 9EW2
£58K05/210.09 mi28, Wansbeck, Washington, Tyne And Wear NE38 9EF2
£65K07/230.14 mi40, Eddleston, Washington, Tyne And Wear NE38 9ED2
£75K08/220.52 mi11, Sandpiper Close, Washington, Tyne And Wear NE38 0EG2
£60K09/220.65 mi23, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£71K10/210.65 mi2, Teal Close, Washington, Tyne And Wear NE38 0EA2
£97.5K08/220.67 mi14, Burtree, Washington, Tyne And Wear NE38 0RA2
£75K07/230.72 mi40, Pendle Close, Washington, Tyne And Wear NE38 0PZ2
£310K09/220.99 mi12, The Hermitage, Chester Le Street, County Durham DH2 3RG2
£72.5K07/231.07 mi89, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£85K06/231.07 mi87, Dilston Close, Washington, Tyne And Wear NE38 0HE2
£75K08/221.11 mi46, Southcroft, Washington, Tyne And Wear NE38 8RD2
£90K07/221.11 mi29, Chacombe, Washington, Tyne And Wear NE38 7HB2
£96.5K07/231.11 mi31, Chacombe, Washington, Tyne And Wear NE38 7HB2
£50K08/221.14 mi48, Warkworth Close, Washington, Tyne And Wear NE38 0JN2
£55K10/221.15 mi13, Witton Court, Washington, Tyne And Wear NE38 0JH2
£40K12/201.15 mi15, Witton Court, Washington, Tyne And Wear NE38 0JH2
£55K06/221.21 mi8, Dunstanburgh Close, Washington, Tyne And Wear NE38 0JE2
£70K06/211.24 mi19, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£82K03/231.24 mi35, Biddick Village Centre, Washington, Tyne And Wear NE38 7NP2
£68K05/211.24 mi19, Broadmeadows, Washington, Tyne And Wear NE38 8RQ2
£61K11/211.25 mi64, Broadmeadows, Washington, Tyne And Wear NE38 8RH2
£64K05/221.28 mi66, Newriggs, Washington, Tyne And Wear NE38 8RT2
£60K01/231.31 mi9, Lumley Close, Washington, Tyne And Wear NE38 0HX2
£52.5K08/221.31 mi116, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£70K06/231.31 mi131, Lumley Close, Washington, Tyne And Wear NE38 0HZ2
£52K08/231.38 mi98, Bamburgh Close, Washington, Tyne And Wear NE38 0HR2
£116K12/221.4 mi25, Lyndhurst Avenue, Chester Le Street, County Durham DH3 4AR2
£115K04/221.4 mi23, Lyndhurst Avenue, Chester Le Street, County Durham DH3 4AR2
£61K06/211.48 mi32, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£64.5K10/201.48 mi34, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£72K08/221.48 mi13, Hogarth Drive, Washington, Tyne And Wear NE38 7LB2
£68K03/231.5 mi66, Hogarth Drive, Washington, Tyne And Wear NE38 7LT2
£43K04/211.53 mi49, Newstead Court, Washington, Tyne And Wear NE38 7PF2
£93.5K06/221.56 mi102, Highfield Rise, Chester Le Street, County Durham DH3 3UY2
£90K07/231.56 mi120, Highfield Rise, Chester Le Street, County Durham DH3 3UY2
£94.5K11/221.56 mi106, Highfield Rise, Chester Le Street, County Durham DH3 3UY2
£85K03/211.69 mi17, Morris Street, Birtley, Chester Le Street, Tyne And Wear DH3 1DU2
£80.5K10/221.69 mi6, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£72K09/221.69 mi17, Emmerson Terrace, Washington, Tyne And Wear NE38 7LN2
£70K08/231.72 mi34, Westernmoor, Washington, Tyne And Wear NE37 1LP2
£120K02/231.72 mi43, Sandringham Court, Chester Le Street, County Durham DH3 3SQ2
£100K03/231.72 mi32, Sandringham Court, Chester Le Street, County Durham DH3 3SQ2
£104K07/211.72 mi38, Sandringham Court, Chester Le Street, Durham DH3 3SQ2
£100K04/231.72 mi42, Sandringham Court, Chester Le Street, County Durham DH3 3SQ2
£125.1K06/221.72 mi11, Sandringham Court, Chester Le Street, County Durham DH3 3SQ2
£80K11/221.72 mi34, Mickley Close, Willington Quay, Wallsend, Tyne And Wear NE28 6JJ2
£63.1K11/201.72 mi3, Drumaldrace, Washington, Tyne And Wear NE37 1SR2
£72.5K02/231.72 mi24, Drumaldrace, Washington, Tyne And Wear NE37 1SR2

Local Rents

18 rents from £550/mo to £2.2K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£70012/240.67 miHelvellyn Avenue, Lambton2
£67509/240.73 mi-2
£65012/240.78 miPortobello Terrace, Birtley, Chester Le Street, Chester Le Street, DH3 2JS2
£75012/240.84 mi-2
£80004/250.84 mi-2
£72512/240.94 miLaxford, Birtley, Chester Le Street2
£76004/250.96 mi-2
£75012/241 miRenfrew Place, Birtley2
£59512/241.01 mi-2
£60012/241.03 miMitford Close, Oxclose, Washington, NE382
£65012/241.05 miDorset Avenue, Birtley, Chester Le Street, County Durham, DH32
£61505/241.13 miSouthcroft, Fatfield, Washington2
£55012/241.16 miYork Road, Birtley, Chester Le Street2
£2,20006/241.18 mi-2
£2,20006/241.18 mi-2
£2,20002/251.18 mi-2
£2,20003/251.18 mi-2
£62505/241.21 mi-2

Local Area Statistics

Population in NE38

31,232

Population in Washington

52,264

Town centre distance

1.68 miles away

Nearest school

0.30 miles away

Nearest train station

2.17 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £80,000

March 18, 2025

Floor Plans

Description

* READY TO MOVE IN *
Two Bedroom Ground Floor apartment with Modern Kitchen With INTERGRATED Appliances. Re-fitted Bathroom, Lounge/Diner With French Doors giving access to a Communal Garden. This property has had New Flooring throughout. No Onward Chain. CALL NOW TO AVOID DISSAPOINTMENT!!!!!

Fantastic opportunity to acquire a fully refurbished ground floor flat in a tranquil street, boasting a communal garden.

This property showcases a brand new kitchen equipped with fridge/freezer and washing machine, a new bathroom suite, as well as new carpets and radiators throughout.

Access to the communal garden is seamlessly provided through patio doors from the spacious living/dining area, all completed to an excellent standard.

Agent Details

Bridgfords, Washington

0191 625 0984

Next Steps?

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