3 Bed Terraced House, Refurb/BRRR, Wallsend, NE28 9DQ, £120,000

Bradford Avenue, Wallsend, Tyne and Wear, NE28 9DQ - 3 views - a month ago

Refurb/BRRR
ROI: 5%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£70K - £285K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£138,419

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£35,687

Bridging Loan Interest

£3,150

Total Cash In

£77,787

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£138,419

Mortgage (After Refinance)

£103,814

Mortgage LTV

75%

Cash Released

£13,814

Cash Left In

£63,973

Equity

£34,605

Rent Range

£530 - £2,250

Rent Estimate

£986

Running Costs/mo

£650

Cashflow/mo

£336

Cashflow/yr

£4,035

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £70K to £285K, average is £140.5K. £1.3K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£110K12/220.01 mi45, Bradford Avenue, Wallsend, Tyne And Wear NE28 9DQ3
£105K12/200.05 mi12, Boldon Close, Wallsend, Tyne And Wear NE28 9BU3
£120K01/210.06 mi7, Bradford Avenue, Wallsend, Tyne And Wear NE28 9DF3
£210K12/220.09 mi18, Canterbury Avenue, Wallsend, Tyne And Wear NE28 9QD3
£132.5K03/230.1 mi8, Bexley Gardens, Wallsend, Tyne And Wear NE28 9BP3
£108K08/210.11 mi2, Bradford Avenue, Wallsend, Tyne And Wear NE28 9DD3
£97K06/230.11 mi6, Bradford Avenue, Wallsend, Tyne And Wear NE28 9DD3
£70K08/210.13 mi21, Barmouth Close, Wallsend, Tyne And Wear NE28 9AR3
£133K06/210.17 mi10, Caleb Drive, Wallsend, Tyne And Wear NE28 9HN3
£110K12/200.19 mi30, Barton Close, Wallsend, Tyne And Wear NE28 9AW3
£213K07/230.2 mi108, Cheadle Avenue, Wallsend, Tyne And Wear NE28 9QP3
£152.5K05/230.2 mi6, Bath Close, Wallsend, Tyne And Wear NE28 9DZ3
£165K06/210.2 mi11, Bristol Drive, Wallsend, Tyne And Wear NE28 9HW3
£189.9K04/240.2 mi17, Bristol Drive, Wallsend, Tyne And Wear NE28 9HW3
£125K12/210.21 mi15, Bray Close, Wallsend, Tyne And Wear NE28 9RJ3
£142K05/230.23 mi4, Boreham Close, Wallsend, Tyne And Wear NE28 9RL3
£120K06/230.23 mi15, Bodmin Close, Wallsend, Tyne And Wear NE28 9SF3
£130K12/200.23 mi1, Bodmin Close, Wallsend, Tyne And Wear NE28 9SF3
£126K05/230.23 mi5, Bodmin Close, Wallsend, Tyne And Wear NE28 9SF3
£128K02/230.24 mi117, Bristol Drive, Wallsend, Tyne And Wear NE28 9RQ3
£180K08/210.24 mi3, Cambo Close, Wallsend, Tyne And Wear NE28 9QL3
£131K07/240.24 mi20, Barr Close, Wallsend, Tyne And Wear NE28 9SZ3
£140K04/210.25 mi37, Russell Close, Wallsend, Tyne And Wear NE28 9JY3
£167.5K07/230.26 mi69, Cheadle Avenue, Wallsend, Tyne And Wear NE28 9QT3
£187.3K10/210.26 mi6, Corbridge Close, Wallsend, Tyne And Wear NE28 9QW3
£133.5K12/200.27 mi95, Addington Drive, Wallsend, Tyne And Wear NE28 9QJ3
£118K12/230.29 mi34, Berkley Close, Wallsend, Tyne And Wear NE28 9BJ3
£160K06/240.3 mi53, Cheadle Avenue, Wallsend, Tyne And Wear NE28 9QS3
£140K11/230.32 mi11, Belper Close, Wallsend, Tyne And Wear NE28 9BH3
£171K01/230.33 mi2, Berry Close, Wallsend, Tyne And Wear NE28 9AQ3
£125K10/230.34 mi6, Bellingham Close, Wallsend, Tyne And Wear NE28 9DS3
£185K08/210.34 mi42, Valeria Close, Wallsend, Tyne And Wear NE28 9QY3
£121K12/200.35 mi69, Bowness Avenue, Wallsend, Tyne And Wear NE28 9SN3
£168K09/230.35 mi4, Blackthorn Drive, Wallsend, Tyne And Wear NE28 9AH3
£141K12/200.37 mi7, Barnwood Close, Wallsend, Tyne And Wear NE28 9BG3
£95K06/230.39 mi13, Bowness Avenue, Wallsend, Tyne And Wear NE28 9SL3
£152K10/210.39 mi20, Culford Place, Wallsend, Tyne And Wear NE28 9UQ3
£130.5K03/210.4 mi41, Ashburn Road, Wallsend, Tyne And Wear NE28 9UN3
£135K11/230.4 mi26, Bathgate Close, Wallsend, Tyne And Wear NE28 9SU3
£285K06/230.4 mi53, Agricola Gardens, Wallsend, Tyne And Wear NE28 9RX3
£230K04/230.41 mi39, Acomb Avenue, Wallsend, Tyne And Wear NE28 9XY3
£182K09/210.41 mi63, Boscombe Drive, Wallsend, Tyne And Wear NE28 9DP3
£160K04/240.42 mi16, Augusta Court, Wallsend, Tyne And Wear NE28 9QZ3
£195K06/210.42 mi47, Augusta Court, Wallsend, Tyne And Wear NE28 9QZ3
£220K04/210.42 mi42, Augusta Court, Wallsend, Tyne And Wear NE28 9QZ3
£199.9K05/230.42 mi6, Bridgewater Close, Wallsend, Tyne And Wear NE28 9EE3
£136K06/240.43 mi36, Bowness Avenue, Wallsend, Tyne And Wear NE28 9TB3
£159.9K06/240.45 mi20, Broadstone Way, Wallsend, Tyne And Wear NE28 9DN3
£200K11/210.45 mi9, Segedunum Crescent, Wallsend, Tyne And Wear NE28 7JN3
£205K08/230.46 mi17, Roman Court, Wallsend, Tyne And Wear NE28 7JP3

Local Rents

29 rents from £530/mo to £2.3K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85011/240.21 mi-3
£80007/240.24 miBingley Close, Wallsend, NE283
£1,05009/240.26 mi-3
£85005/240.26 miAlexandrea Way, Wallsend3
£99505/240.34 miValeria Close, Hadrian Park, Wallsend, NE283
£2,25003/250.42 mi-3
£2,20005/240.42 mi-3
£95008/230.5 mi-3
£1,00004/250.6 mi-3
£89505/240.65 miMitford Gardens, Wallsend3
£77506/240.81 miElgin Avenue, Wallsend. NE28 0PJ3
£99504/240.93 mi-3
£1,25005/241.01 miMoor Edge Drive, Wallsend, Tyne and Wear, NE283
£95006/241.05 mi-3
£85008/231.05 mi-3
£69506/241.07 miBurn Terrace, Wallsend, NE28 7BJ3
£98011/231.09 mi-3
£1,20007/241.13 miRidge Way, Wallsend3
£64001/251.14 mi-3
£75005/241.14 miCharlotte Street, Wallsend 3
£65009/231.18 mi-3
£1,50012/241.2 miMiller Close, Palmersville, Newcastle Upon Tyne3
£99504/251.21 mi-3
£85005/241.21 mi-3
£79505/241.22 miCroft Avenue, Wallsend, NE283
£87503/241.22 mi-3
£74504/241.22 mi-3
£53005/241.23 miPark Road, Wallsend3
£62502/251.24 mi-3

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £120,000

March 26, 2025

Floor Plans

Description

  • Three Bedroom Mid Terrace House +
  • No Onward Chain +
  • Popular Location +
  • Approx. SQ M +
  • North Tyneside Council Tax Band A +
  • EPC Awaited. +

Conveniently located in Battle hill this lovely three bedroom mid terrace property is offered to the market with no upper chain. This property benefits a spacious rear garden and would benefit some modernisation appealing to a range of buyers. Early viewing is highly recommended to avoid disappointment.

To the ground floor this property comprises entrance porch, spacious L shaped lounge, kitchen with floor and wall units, hallway with stairs to first floor landing and WC/Cloakroom.

To the first floor there is two double bedrooms and a third single bedroom with built in storage as well as a family bathroom featuring walk in shower, WC and hand wash basin.

Externally this property benefits a spacious paved garden with perimeter fencing and an outhouse ideal for storage.

Bradford Avenue is situated in the battle hill area of Wallsend a short walk to local amenities and transport links as well as a short distance to major roads including the coast road and A19.

Freehold
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.

WSD250156/2

Agent Details

YOUR MOVE Chris Stonock, Wallsend

0191 625 0241

Next Steps?

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