3 Bed Semi-Detached House, Cash/Bridging Only, Gateshead, NE11 9XH, £210,000

Redesdale Gardens, Gateshead, Tyne And Wear, NE11 9XH - 13 days ago

Cash
ROI: 3%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£50K - £292K
Sold Prices/m²£694/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£178,191

 

 

End Value (After Refurb)

£172,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£35,600

Bridging Loan Interest

£5,513

Total Cash In

£107,063

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,000

Mortgage (After Refinance)

£129,000

Mortgage LTV

75%

Cash Left In

£107,063

Equity

£43,000

Rent Range

£833 - £1,300

Rent Estimate

£1,061

Running Costs/mo

£770

Cashflow/mo

£291

Cashflow/yr

£3,496

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £292K, average is £161K. £694/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£245K01/240 mi1, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£135K06/210 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£162K08/230 mi6, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£160K07/230 mi26, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£190K01/230 mi5, Redesdale Gardens, Gateshead, Tyne And Wear NE11 9XH3
£170K01/210.03 mi28a, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£172K01/240.06 mi52, Cypress Crescent, Gateshead, Tyne And Wear NE11 9XA3
£275K12/220.07 mi13, Monkridge Gardens, Gateshead, Tyne And Wear NE11 9XE3
£150K10/230.08 mi24, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£190K10/220.08 mi57, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K12/200.08 mi27, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£145K06/210.08 mi55, Woodside Gardens, Gateshead, Tyne And Wear NE11 9RB3
£137K07/230.09 mi29, Cedar Crescent, Dunston, Gateshead, Tyne And Wear NE11 9UU3
£120K04/210.11 mi6, Mount Grove, Gateshead, Tyne And Wear NE11 9XB3
£162K05/210.11 mi19, Spinneyside Gardens, Gateshead, Tyne And Wear NE11 9RJ3
£50K12/200.12 mi14, Knightside Gardens, Gateshead, Tyne And Wear NE11 9RL3
£148K12/200.14 mi2, Cypress Crescent, Gateshead, Tyne And Wear NE11 9UY3
£147K08/210.16 mi7, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£155K01/210.16 mi47, Braeside, Gateshead, Tyne And Wear NE11 9RD3
£150K03/230.17 mi10, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£140K10/230.17 mi17, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£176K10/230.17 mi18, Whickham Avenue, Gateshead, Tyne And Wear NE11 9UH3
£159.9K10/210.17 mi2, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£152K09/230.17 mi1, Moore Avenue, Gateshead, Tyne And Wear NE11 9UE3
£158K03/230.18 mi20, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£172K05/210.18 mi28, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£152K02/210.18 mi36, Braeside, Gateshead, Tyne And Wear NE11 9RE3
£190K07/240.18 mi30, Percy Gardens, Gateshead, Tyne And Wear NE11 9RY3
£210K10/220.19 mi24, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£182K11/220.19 mi45, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.19 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£195K01/210.19 mi3, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£150K03/210.19 mi9, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£180K08/230.19 mi6, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QB3
£160K07/220.2 mi13, Moorfoot Gardens, Gateshead, Tyne And Wear NE11 9LA3
£292K10/200.2 mi85, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£199K01/210.2 mi58, Mountside Gardens, Gateshead, Tyne And Wear NE11 9QD3
£100K12/200.2 mi6, Wilson Street, Gateshead, Tyne And Wear NE11 9UB3
£135K06/210.21 mi25, King George Avenue, Gateshead, Tyne And Wear NE11 9UP3
£185K02/210.22 mi40, Holmside Avenue, Gateshead, Tyne And Wear NE11 9TJ3
£153K12/230.23 mi1, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£107K02/210.23 mi4, Kensington Terrace, Gateshead, Tyne And Wear NE11 9SL3
£187K12/220.24 mi5, Woodburn Gardens, Dunston, Gateshead, Tyne And Wear NE11 9RS3
£181K10/220.24 mi62, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£220K10/210.25 mi13, Hillcrest Drive, Gateshead, Tyne And Wear NE11 9QS3
£170K07/210.25 mi43, Knoll Rise, Gateshead, Tyne And Wear NE11 9QQ3
£140K01/230.25 mi130, Braeside, Gateshead, Tyne And Wear NE11 9RH3
£212K07/230.26 mi10, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£225K07/230.26 mi22, Horsley Gardens, Gateshead, Tyne And Wear NE11 9TL3
£265K08/220.27 mi8, Finchale Close, Gateshead, Tyne And Wear NE11 9PW3

Local Rents

13 rents from £833/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£89503/250.14 mi-3
£89506/240.22 mi-3
£83303/250.28 mi-3
£87512/240.29 mi-3
£99507/240.44 miMalvern Gardens, Lobley Hill, Gateshead3
£90003/250.48 mi-3
£99504/240.55 mi-3
£1,30006/240.55 mi-3
£1,20011/240.56 mi-3
£1,25001/250.56 mi-3
£1,30006/240.58 miGlanville Close, Festival Park, Gateshead, Tyne and Wear, NE11 9TY3
£1,25007/240.6 miRopery Road, Gateshead, NE83
£1,05005/240.6 miHawthorn House, Lobley Hill3

Local Area Statistics

Population in NE11

16,348

Population in Gateshead

122,353

Town centre distance

2.32 miles away

Nearest school

0.40 miles away

Nearest train station

0.27 miles away

 

 

Rental growth (12m)

+34%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £210,000

March 27, 2025

Description

  • Extended three bedroom semi-detached +
  • Corner plot +
  • Stunning views +
  • Spacious living room/diner +
  • Off-road parking +
  • En-suite shower room +
  • Conservatory +
  • Modern kitchen +
  • Desirable outside space +

Proudly situated across a large corner plot on the popular Redesdale Gardens is this extended THREE bedroom family home with a FREEHOLD tenure and off-road parking. Maintained to a very good standard by the current owners and ready to move in, this excellent family home is certain to appeal.

Entrance for the spacious open plan living room/diner with access to the rear conservatory, an ultra modern kitchen featuring a large island which exits to the outside space. Also included is the all important downstairs bathroom with shower over.

The modern theme continues unabated upstairs with three good sized bedrooms including fitted wardrobes and one of them has a handy ensuite shower room.

Externally are the extensive wrap around gardens that are beautifully landscaped with patio area, a shed and greenhouse plus stunning views over to Newcastle, and without doubt provides an ample and very desirable outside space. Off street parking for additional vehicles can also be found to the side of the property.

If you would like to make an Offer:

Please note that Target Property NE will immediately notify the seller when any offer is made on this property. At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.

Tenure:

Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale. Prospective buyers must always make appropriate and further enquiries with their own legal adviser.

Agent Details

Target Property NE, Whickham

07901 862377

Next Steps?

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