3 Bed Flat, Single Let, Wallsend, NE28 6TQ, £65,000

Laurel Street, Wallsend, Tyne and Wear, NE28 6TQ - 1 views - 18 days ago

Leasehold
BTL
ROI: 20%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£45K - £154K
Sold Prices/m²£429/m² - £1.4K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£80,600
BMV24%

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

£600 - £1,200

Rent Estimate

£706

Running Costs/mo

£364

Cashflow/mo

£342

Cashflow/yr

£4,100

ROI

20%

Gross Yield

13%

Local Sold Prices

37 sold prices from £45K to £154K, average is £76K. £429/m² to £1.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£85K02/210.32 mi47, Armstrong Road, Wallsend, Tyne And Wear NE28 6NA3
£77.5K10/220.33 mi23, Ford Terrace, Wallsend, Tyne And Wear NE28 6QF3
£75K05/230.5 mi34, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ3
£70K07/210.5 mi34, Burn Terrace, Wallsend, Tyne And Wear NE28 7BJ3
£76K09/220.78 mi77, Makendon Street, Hebburn, Tyne And Wear NE31 1RF3
£60K01/210.9 mi43, Gladstone Street, Hebburn, Tyne And Wear NE31 2XD3
£68K03/230.92 mi96, Collingwood Street, Hebburn, Tyne And Wear NE31 2XW3
£62K10/230.93 mi63, Howe Street, Hebburn, Tyne And Wear NE31 2XH3
£62K02/210.95 mi59, Richardson Street, Wallsend, Tyne And Wear NE28 7PS3
£130K06/220.96 mi56, Oxford Crescent, Hebburn, Tyne And Wear NE31 2XT3
£50K02/210.98 mi120, Vine Street, Wallsend, Tyne And Wear NE28 6JE3
£50K02/210.98 mi120, Vine Street, Wallsend, Tyne And Wear NE28 6JE3
£63K02/210.98 mi41, Alnwick Street, Wallsend, Tyne And Wear NE28 7SD3
£70K10/210.98 mi43, Holly Avenue, Wallsend, Tyne And Wear NE28 6PB3
£154K03/231.01 mi27, Purley Close, Wallsend, Tyne And Wear NE28 0QB3
£45K11/201.02 mi104, Charlotte Street, Wallsend, Tyne And Wear NE28 7PU3
£70K06/211.03 mi59, Northumberland Street, Wallsend, Tyne And Wear NE28 7PX3
£54.5K12/221.06 mi31, Stothard Street, Jarrow, Tyne And Wear NE32 3AN3
£85K03/231.11 mi44, Whickham Road, Hebburn, Tyne And Wear NE31 1QU3
£89K01/211.14 mi10, The Riverside, Hebburn, Tyne And Wear NE31 1BG3
£95K10/201.16 mi151, Park Road, Wallsend, Tyne And Wear NE28 7LP3
£105K03/231.16 mi151, Park Road, Wallsend, Tyne And Wear NE28 7LP3
£142K01/231.17 mi12a, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3
£84K03/231.19 mi17, Whickham Road, Hebburn, Tyne And Wear NE31 1QX3
£84K12/221.2 mi15, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB3
£100K09/221.21 mi35, Wellesley Street, Jarrow, Tyne And Wear NE32 5PJ3
£88.5K03/241.22 mi7, Woodbine Avenue, Wallsend, Tyne And Wear NE28 8HB3
£70K07/231.24 mi8, Atkinson Terrace, Wallsend, Tyne And Wear NE28 6RE3
£107K03/211.3 mi222, Station Road, Wallsend, Tyne And Wear NE28 8RD3
£87K07/231.31 mi30, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH3
£78K12/201.32 mi1, St James Terrace, North Shields, Tyne And Wear NE29 6HZ3
£80K09/231.39 mi44, St Michaels Vale, Hebburn, Tyne And Wear NE31 1RL3
£56K04/211.44 mi9, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN3
£52K03/231.47 mi57, Norham Road, North Shields, Tyne And Wear NE29 7AH3
£58K10/211.47 mi13, Norham Road, North Shields, Tyne And Wear NE29 7AH3
£74K12/221.48 mi7, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN3
£102.3K05/231.9 mi133, Verne Road, North Shields, Tyne And Wear NE29 7DG3

Local Rents

13 rents from £600/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82508/240.31 mi-3
£72503/240.32 mi-3
£98008/240.32 mi-3
£98008/240.32 mi-3
£98006/240.32 miArmstrong Road, Wallsend, NE283
£85005/240.33 miMickley Close, Willington Quay, Wallsend3
£1,05007/240.34 miCoquet Gardens, Wallsend3
£1,10003/250.37 mi-3
£1,20006/240.39 miWalton Gardens, Wallsend, Tyne and Wear, NE283
£69506/240.5 miBurn Terrace, Wallsend, NE28 7BJ3
£82506/240.5 mi-3
£60006/240.53 miGeorge Street, Wallsend, Tyne and Wear3
£84005/240.58 miAnderson Way, Wallsend, Tyne and Wear, NE283

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.96 miles away

Nearest school

0.50 miles away

Nearest train station

1.22 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 20, 2025

Floor Plans

Description

  • Three Bedroom First Floor Flat +
  • No Onward Chain +
  • Central Location +
  • Approx SQ M. +
  • North Tyneside Council Tax Band A +
  • EPC Awaited. +

Conveniently located on Laurel Street just off Wallsend Highstreet a fantastic opportunity to purchase a three bedroom first floor flat offered to the market with no upper chain. This property offers great potential and would make a great investment opportunity or first time purchase alike. Early Viewing is highly recommended.

Briefly comprising entrance hallway with stairs to first floor landing, lounge through to kitchen with fitted floor and wall units, bathroom with corner bath WC and hand wash basin as well as two double bedrooms one with built in storage units and a third single bedroom.

Externally there is permit parking available.

Laurel Street is located just off Wallsend Highstreet where there is a range of local amenities including a shopping centre and fantastic transport links and road links alike.

Leasehold 959 Years remaining
North Tyneside Council Tax Band A
EPC Awaited.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD250140/2

Agent Details

YOUR MOVE Chris Stonock, Wallsend

0191 625 0241

Next Steps?

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