2 Bed Terraced House, Single Let, Gateshead, NE9 7PP, £110,000

Linden Terrace, Springwell Village, Gateshead, Tyne And Wear, NE9 7PP - 8 days ago

BTL
ROI: 3%
~68 m²
+18 photos

ValuationUndervalued

Sold Prices£70K - £212K
Sold Prices/m²£997/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£126,450
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£535 - £900

Rent Estimate

£546

Running Costs/mo

£473

Cashflow/mo

£73

Cashflow/yr

£877

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £212K, average is £138.5K. £997/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£136.8K07/240.04 mi12, Wingrove Terrace, Springwell, Gateshead, Tyne And Wear NE9 7RS2
£149.9K11/230.05 mi5, Lismore Terrace, Gateshead, Tyne And Wear NE9 7PS2
£128.3K12/200.05 mi4, Victoria Terrace, Springwell, Gateshead, Tyne And Wear NE9 7PH2
£118K06/210.06 mi4, Alexandra Terrace, Springwell, Gateshead, Tyne And Wear NE9 7PD2
£212K09/230.08 miKimberley, Stafford Villas, Gateshead, Tyne And Wear NE9 7SL2
£155K11/200.08 mi5, Stafford Villas, Gateshead, Tyne And Wear NE9 7SL2
£150K12/200.09 mi3, Highworth Drive, Gateshead, Tyne And Wear NE9 7NN2
£108K03/210.09 mi2, Fell Place, Gateshead, Tyne And Wear NE9 7RL2
£130K12/220.11 mi1, Stoney Lane, Gateshead, Tyne And Wear NE9 7SJ2
£90K02/210.11 mi7, Stoney Lane, Gateshead, Tyne And Wear NE9 7SJ2
£91K06/210.12 mi10, Underhill Terrace, Gateshead, Tyne And Wear NE9 7PA2
£135K04/240.14 mi1, Carlton Terrace, Springwell, Gateshead, Tyne And Wear NE9 7SB2
£145K04/230.15 mi4, Ferndale Terrace, Gateshead, Tyne And Wear NE9 7RH2
£149.5K06/210.16 mi31, Beech Grove, Gateshead, Tyne And Wear NE9 7RD2
£167.5K11/200.19 mi5, Heather Hill, Gateshead, Tyne And Wear NE9 7QX2
£120K07/230.21 mi9, Shelley Avenue, Gateshead, Tyne And Wear NE9 7QY2
£137K10/230.23 mi1, West View, Springwell, Gateshead, Tyne And Wear NE9 7QQ2
£132.5K04/210.23 mi4, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU2
£132K12/200.23 mi2, Belmont Terrace, Gateshead, Tyne And Wear NE9 7QU2
£150K01/230.25 mi7, Bowes Gardens, Springwell, Gateshead, Tyne And Wear NE9 7NZ2
£113.3K07/230.26 mi14, Somerford, Springwell, Gateshead, Tyne And Wear NE9 7QW2
£150K08/230.5 mi6, Donridge, Washington, Tyne And Wear NE37 1EW2
£162K08/210.6 mi55, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£180K12/220.6 mi12, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£190K08/240.6 mi18, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£154.1K12/200.6 mi10, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£160K05/230.6 mi58, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£149.9K03/240.6 mi44, Sandy Lane, Gateshead, Tyne And Wear NE9 7YB2
£123.5K11/230.64 mi11, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£145.5K10/210.64 mi4, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£211K02/240.64 mi14, Prospect Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7YE2
£200K08/240.64 mi1, Stone Cellars, Washington, Tyne And Wear NE37 1NS2
£102K11/220.66 mi20, Kellett Close, Washington, Tyne And Wear NE37 1NN2
£147.9K03/210.66 mi11, Hawthorn Terrace, Eighton Banks, Gateshead, Tyne And Wear NE9 7XY2
£140K02/210.67 mi72, Wellbank Road, Washington, Tyne And Wear NE37 1NW2
£85K04/210.67 mi33, Well Bank Road, Washington, Tyne And Wear NE37 1NW2
£125K04/230.69 mi8, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£120K11/200.69 mi11, Cypress Road, Gateshead, Tyne And Wear NE9 7XE2
£149.9K02/210.7 mi12, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU2
£205.8K08/240.7 mi10, Walmer Terrace, Gateshead, Tyne And Wear NE9 7XU2
£162.6K03/230.74 miThe Garrett, Rockcliffe Way, Eighton Banks, Gateshead, Tyne And Wear NE9 7XT2
£184.9K11/200.74 mi15, Well Bank Road, Washington, Tyne And Wear NE37 2TP2
£157K10/230.77 mi3, Well Bank Road, Washington, Tyne And Wear NE37 2TW2
£112K10/230.81 mi116, Lanchester Avenue, Gateshead, Tyne And Wear NE9 7AN2
£70K11/220.82 mi144, Coach Road Estate, Washington, Tyne And Wear NE37 2EW2
£75K12/200.84 mi3, Cleadon Gardens, Gateshead, Tyne And Wear NE9 7BA2
£116K05/230.84 mi17, Brandon Gardens, Gateshead, Tyne And Wear NE9 7BD2
£95K12/230.84 mi188, Coach Road Estate, Washington, Tyne And Wear NE37 2ER2
£80K04/210.84 mi185, Coach Road Estate, Washington, Tyne And Wear NE37 2ER2
£125K02/230.86 mi3, Doddfell Close, Washington, Tyne And Wear NE37 1SZ2

Local Rents

32 rents from £535/mo to £900/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£85007/240.06 miWingrove Terrace, Springwell, Gateshead2
£77506/240.09 miAlbion Terrace, Gateshead2
£77502/240.12 mi-2
£67506/240.15 miKings Terrace, Springwell Village2
£79501/240.25 mi-2
£80005/240.47 miDonridge, Washington, Tyne and Wear, NE37 1EW2
£79506/240.72 miCypress Road, Eighton Banks, NE92
£80007/240.78 miGalloping Green Road, Gateshead2
£55005/240.81 mi-2
£65010/240.83 mi-2
£82504/240.87 mi-2
£65006/240.89 miChopwell Gardens, Wrekenton, Gateshead, NE92
£69506/240.92 miCoach Road Estate, Washington2
£62505/240.96 mi-2
£65003/240.97 miStaneway, Leam Lane2
£90006/240.99 miHilldyke, Eighton Banks, Gateshead, NE92
£62503/251 mi-2
£79511/241.03 mi-2
£69504/241.05 mi-2
£68508/231.07 mi-2
£65005/241.09 miStaneway, Gateshead2
£74503/251.1 mi-2
£69502/241.11 mi-2
£63003/241.12 mi-2
£62512/231.13 mi-2
£65005/241.14 miThe Oval Concord Washington2
£53505/241.17 mi-2
£65007/241.19 mi62 Stridingedge2
£55006/241.2 mi-2
£69505/241.23 miCotemede, Leam Lane, Gateshead2
£70010/231.23 mi-2
£72009/241.23 mi-2

Local Area Statistics

Population in NE9

37,590

Population in Gateshead

122,353

Town centre distance

2.03 miles away

Nearest school

0.10 miles away

Nearest train station

2.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-41%

Sales demand

Seller's market

Capital growth (5yrs)

+7%

Property History

Listed for £110,000

March 28, 2025

Description

  • NO ONWARD CHAIN +
  • STONE MID TERRACE HOUSE +
  • TWO BEDROOMS +
  • FITTED KITCHEN +
  • GOOD SIZE LIVING ROOM +
  • OUTHOUSE WITH PLUMBING AND LIGHT +
  • VERY POPULAR LOCATION +
  • COUNCIL TAX BAND A +

MAIN DESCRIPTION
*NO ONWARD CHAIN*
Belle Vue Estates are delighted to offer to the sales market this charming stone built mid terrace house located in the very popular and picturesque Springwell Village.
The property has been owned by the same family for many years and is now looking to move forward into it's next chaper with a new owner.

This quaint property which oozes charm and character briefly comprises entrance hall, living room to the front elevation with recess and stairs leading up to the first floor landing also a fitted kitchen.
The first floor allows access into two well proportioned bedrooms and family bathroom.
Externally there is ample on street parking and to the rear elevation is a separate stone outhouse with pedestal hand basin and plumbing for a washing machine. The outhouse offers great extra storage and has light and power. Also to the rear is a charming outdoor nook, a corner enclosed by stone walls that catches the sun and offers the perfect spot for quiet moments outdoors.

Springwell Village is surrounded by open countryside and equestrian fields. Situated in a semi rural location but within easy access to shops, schools and amenities. The nearby A1 and A1231 provides access North towards Northumberland and South towards Durham.
We have no hesitation in recommending early viewing to avoid disappointment.

ENTRANCE HALLWAY
6' 11" x 3' 1" (2.132m x 0.943m)
The property is accessed via a composite front door which opens into the hallway which has a good size storage cupboard, original stained floorboards and neutral decor.

LIVING ROOM
14' 0" x 12' 5" (4.275m x 3.809m)
A charming reception room with a double glazed window overlooking the front elevation. Beams to the ceiling and a a modern fireplace and hearth with coal effect gas fire. The living room has fitted wall lights and built in alcove units and is warmed via a double central heating radiator also benefitting from fitted carpet. A recess with plaster corbels gives access to stairs rising up to the first floor landing.

KITCHEN
11' 2" x 6' 0" (3.418m x 1.851m)
Fitted with a selection of cream wall and base units and drawers with contrasting work surfaces and tiled splash backs. Integrated oven and hob, stainless steel sink and drainer unit and original stained floorboards. The kitchen has two windows, one with stained glass and a UPVC exterior stable style door to the rear elevation.

FIRST FLOOR LANDING
5' 11" x 12' 1" (1.811m x 3.703m)
Carpeted stairs and landing, neutral decor and loft hatch. Doors leading into two bedrooms and family bathroom.

BEDROOM ONE
11' 7" x 8' 7" (3.539m x 2.631m)
Located to the front of the property. The bedroom has a double central heating radiator, fitted carpet and a double glazed window to the front elevation.

BEDROOM TWO
9' 3" x 10' 7" (2.840m x 3.245m)
Located to the rear of the property with a range of fitted wardrobes. Warmed by a double central heating radiator, fitted carpet and a double glazed window.

BATHROOM
6' 4" x 6' 5" (1.942m x 1.972m)
The bathroom comprises panelled bath with handheld shower attachment, pedestal hand basin and low level WC. Partially tiled walls, painted floorboards, double central heating radiator and a double glazed window with privacy glass. The bathroom is to the rear of the property.

EXTERNALLY
Externally there is ample on street parking and to the rear elevation is a separate stone outhouse with pedestal hand basin and plumbing for a washing machine. The outhouse offers great extra storage and has light and power. Also to the rear is a charming outdoor nook, a corner enclosed by stone walls that catches the sun and offers the perfect spot for quiet moments outdoors.

DISCLAIMER
These details have been prepared by our agency staff using both information provided to us by the vendor and following internal inspection. Please be advised particulars may still be awaiting verification and approval from the vendors and therefore should not be relied for anything other than general information. Fixtures and fittings included are to be agreed with the vendor and any photographs or mention of fitted appliances does not imply they are in working order. Internal measurements are taken as a guide only for prospective purchasers and may not be precise. Please call our office for further detailed information on any points if unclear, in order for us to gain clarification from the vendor.

Agent Details

Belle Vue Estates, Low Fell

0191 625 0195

Next Steps?

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