3 Bed Terraced House, Single Let, Wallsend, NE28 8JZ, £65,000

Mutual Street, Wallsend, Tyne and Wear, NE28 8JZ - 1 views - 25 days ago

Auction
BTL
ROI: 16%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£75K - £293K
Sold Prices/m²£1.1K/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£78,000
BMV20%

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

£530 - £2,500

Rent Estimate

£629

Running Costs/mo

£349

Cashflow/mo

£280

Cashflow/yr

£3,361

ROI

16%

Gross Yield

12%

Local Sold Prices

50 sold prices from £75K to £293K, average is £150K. £1.1K/m² to £2.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£130K08/210.02 mi27, Rochdale Street, Wallsend, Tyne And Wear NE28 8LA3
£145K11/210.03 mi15, Elton Street West, Wallsend, Tyne And Wear NE28 8JY3
£91K10/210.06 mi11, Mutual Street, Wallsend, Tyne And Wear NE28 8JZ3
£152.3K11/200.06 mi3, Windermere Close, Wallsend, Tyne And Wear NE28 8QH3
£145K09/210.06 mi14, Windermere Close, Wallsend, Tyne And Wear NE28 8QH3
£159.9K04/240.06 mi12, Windermere Close, Wallsend, Tyne And Wear NE28 8QH3
£159.9K06/230.06 mi10, Windermere Close, Wallsend, Tyne And Wear NE28 8QH3
£210K07/240.09 mi76, West Street, Wallsend, Tyne And Wear NE28 8LE3
£127.5K05/210.09 mi3, Hopper Street, Wallsend, Tyne And Wear NE28 8LH3
£150K12/220.1 mi8, Lynn Road, Wallsend, Tyne And Wear NE28 8QA3
£116.5K03/210.11 mi8, Harrington Street, Wallsend, Tyne And Wear NE28 8LL3
£138K06/210.13 mi6, John Street, Wallsend, Tyne And Wear NE28 8QX3
£150K10/210.15 mi1080, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SS3
£125K04/230.16 mi28, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£94K11/200.16 mi23, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£129.9K10/230.16 mi3, Diamond Street, Wallsend, Tyne And Wear NE28 8RX3
£205K05/210.16 mi35, St Aidans Road, Wallsend, Tyne And Wear NE28 8QG3
£200K03/210.16 mi20, St Aidans Road, Wallsend, Tyne And Wear NE28 8QG3
£178K11/220.17 mi18, Westfield Park, Wallsend, Tyne And Wear NE28 8LB3
£140K03/230.17 mi19, Lilac Road, Newcastle Upon Tyne, Tyne And Wear NE6 4TL3
£133K07/230.17 mi72, North Road, Wallsend, Tyne And Wear NE28 8RL3
£90K10/230.18 mi29, Jubilee Street, Wallsend, Tyne And Wear NE28 8RY3
£143K03/240.2 mi9, Balmoral Street, Wallsend, Tyne And Wear NE28 8SF3
£125K11/200.21 mi5, Meadowfield Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 4TA3
£130K10/200.22 mi11, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN3
£120K12/220.24 mi33, Sedley Road, Wallsend, Tyne And Wear NE28 6AU3
£134K03/210.24 mi1, Sedley Road, Wallsend, Tyne And Wear NE28 6AU3
£232.5K07/230.25 mi40, Oaktree Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4TQ3
£205K06/210.25 mi2, Oaktree Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4TP3
£172K09/210.25 mi15, Oaktree Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4TP3
£130K10/200.26 mi36, Carville Road, Wallsend, Tyne And Wear NE28 6RJ3
£150K09/210.27 mi21, Beech Grove, Wallsend, Tyne And Wear NE28 8HF3
£155K05/230.27 mi9, Beech Grove, Wallsend, Tyne And Wear NE28 8HF3
£219K02/230.27 mi14, Cedarwood Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4TX3
£155K10/200.27 mi18, Tiberius Close, Wallsend, Tyne And Wear NE28 6RH3
£115K08/230.27 mi29, Cairnsmore Close, Newcastle Upon Tyne, Tyne And Wear NE6 4XH3
£75K11/200.27 mi21, Cairnsmore Close, Newcastle Upon Tyne, Tyne And Wear NE6 4XH3
£175K09/210.28 mi13, Hawthorne Grove, Wallsend, Tyne And Wear NE28 8HD3
£170K04/210.28 mi10, Hawthorne Grove, Wallsend, Tyne And Wear NE28 8HD3
£199.9K07/210.28 mi3, Greenwood Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4TU3
£145K08/210.29 mi64, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ3
£160K08/210.29 mi52, Praetorian Drive, Wallsend, Tyne And Wear NE28 6RQ3
£188.5K12/200.3 mi7, Rowantree Road, Newcastle Upon Tyne, Tyne And Wear NE6 4TD3
£210K01/230.3 mi4, Park Avenue, Wallsend, Tyne And Wear NE28 8DE3
£105K09/230.31 mi12, Nithdale Close, Newcastle Upon Tyne, Tyne And Wear NE6 4XD3
£90K01/230.31 mi3, Nithdale Close, Newcastle Upon Tyne, Tyne And Wear NE6 4XD3
£260K01/230.32 mi4, Alderwood Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4TT3
£293K03/210.32 mi20, Park Avenue, Wallsend, Tyne And Wear NE28 8DE3
£250K08/230.32 mi6, Park Avenue, Wallsend, Tyne And Wear NE28 8DE3
£165K01/230.32 mi34, Laburnum Avenue, Wallsend, Tyne And Wear NE28 8HQ3

Local Rents

20 rents from £530/mo to £2.5K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£72505/240.04 miHedley Place, Wallsend, Tyne and Wear, NE28 8LY3
£90007/240.09 miHopper Street, Wallsend, NE283
£90007/240.09 mi-3
£57509/230.14 mi-3
£82512/240.15 mi-3
£82501/250.16 mi-3
£65005/240.3 mi-3
£53005/240.35 miPark Road, Wallsend3
£87503/240.39 mi-3
£74504/240.39 mi-3
£79505/240.39 miCroft Avenue, Wallsend, NE283
£85005/240.39 mi-3
£2,50005/240.42 mi-3
£62502/250.49 mi-3
£75005/240.54 miCharlotte Street, Wallsend 3
£1,05004/250.54 mi-3
£97504/240.54 mi-3
£1,20005/240.58 miWyedale Way, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 4UW3
£1,15002/250.59 mi-3
£64002/250.61 mi-3

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 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

Description

  • Terraced House +
  • Three bedrooms +
  • On street parking +
  • Private Courtyard +
  • EPC TBC +

TO BE SOLD VIA ONLINE AUCTION (17/04/2025 12:00) FEES APPLY.

Pattinson Estate Agents are pleased to welcome this three bedroom terraced property to the market.

Located on Mutual Street the property is just a short walk into Wallsend town center, with great transport link available to Newcastle City center or down to the coast.

Briefly comprising an entrance, lounge, dining room, kitchen and bathroom.
The first floor comprises two double bedroom and one single bedroom.
Externally there is a private courtyard to the rear, with on street parking available to the front of the property.

For more information please contact:

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Wallsend

0191 607 6820

Next Steps?

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