3 Bed Terraced House, Single Let, Washington, NE37 2EE, £95,000

1 LAURENS COURT, CONCORD, WASHINGTON, NE37 - 11 days ago

BTL

ROI: 8%

120 m²

+8 photos

ValuationUndervalued

Sold Prices	£35K - £260K
Sold Prices/m²	£583/m² - £2.3K/m²

Square Metres	120 m²
Price/m²	£792/m²
Value Estimate	£116,850£116,850
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,750£23,750
Stamp Duty & Legal Fees	£5,950£5,950
Total Cash In	£29,700£29,700

Cash Out
Rent Range	£495 - £3,300£495 - £3,300
Rent Estimate	£659
Running Costs/mo	£449£449
Cashflow/mo	£210£210
Cashflow/yr	£2,524£2,524
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £35K to £260K, average is £116.3K. £583/m² to £2.3K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76.5K	05/23	0.04 mi	71, Laurens Court, Washington, Tyne And Wear NE37 2EF	£832	92	3	Terraced House
£74K	12/20	0.07 mi	2, Aintree Close, Washington, Tyne And Wear NE37 2AE	£787	94	3	Terraced House
£185K	11/23	0.08 mi	20, Manor Park, Washington, Tyne And Wear NE37 2BS	-	-	3	Semi-Detached House
£105K	12/23	0.08 mi	2, Manor Park, Washington, Tyne And Wear NE37 2BS	£1,221	86	3	Semi-Detached House
£165K	12/20	0.1 mi	26, Manor Park, Washington, Tyne And Wear NE37 2BT	£1,875	88	3	Semi-Detached House
£85K	09/23	0.17 mi	72, Hertburn Gardens, Washington, Tyne And Wear NE37 2DJ	£1,090	78	3	Terraced House
£84K	10/21	0.17 mi	25, Beverley Court, Washington, Tyne And Wear NE37 2DY	£944	89	3	Terraced House
£220K	11/23	0.21 mi	3, Wessington Terrace, Washington, Tyne And Wear NE37 2DQ	-	-	3	Terraced House
£90K	09/21	0.22 mi	1, Urban Gardens, Washington, Tyne And Wear NE37 2BZ	-	-	3	Terraced House
£130K	10/23	0.24 mi	4, Helmdon, Washington, Tyne And Wear NE37 3AP	£1,806	72	3	Semi-Detached House
£71.5K	10/20	0.26 mi	14, Franklin Court, Washington, Tyne And Wear NE37 2EQ	£883	81	3	Terraced House
£82.5K	10/20	0.26 mi	15, Franklin Court, Washington, Tyne And Wear NE37 2EQ	£1,044	79	3	Terraced House
£85K	02/23	0.27 mi	5, The Oval, Washington, Tyne And Wear NE37 2QB	-	-	3	Terraced House
£153K	10/21	0.27 mi	13, Rock Terrace, Washington, Tyne And Wear NE37 3AH	-	-	3	Terraced House
£115K	02/21	0.27 mi	10, Rock Terrace, Washington, Tyne And Wear NE37 3AH	£1,009	114	3	Terraced House
£117.5K	04/24	0.27 mi	16, Foxley, Washington, Tyne And Wear NE37 3BN	-	-	3	Semi-Detached House
£137K	02/23	0.31 mi	30, Western Terrace, Washington, Tyne And Wear NE37 2DS	£1,612	85	3	Semi-Detached House
£107.5K	05/21	0.32 mi	13, Baltimore Court, Washington, Tyne And Wear NE37 2HU	£1,265	85	3	Terraced House
£105K	12/23	0.33 mi	56, Baltimore Court, Washington, Tyne And Wear NE37 2HX	-	-	3	Terraced House
£75K	02/23	0.34 mi	84, Park Avenue, Washington, Tyne And Wear NE37 2QS	£1,005	75	3	Terraced House
£66.5K	07/21	0.35 mi	22, Johnson Terrace, Washington, Tyne And Wear NE37 3AL	£583	114	3	Terraced House
£95K	02/21	0.35 mi	2, Morris Street, Washington, Tyne And Wear NE37 2TQ	£1,145	83	3	Semi-Detached House
£110K	05/21	0.35 mi	7, Morris Street, Washington, Tyne And Wear NE37 2TQ	£1,209	91	3	Terraced House
£95K	02/21	0.35 mi	2, Morris Street, Washington, Tyne And Wear NE37 2TQ	£1,145	83	3	Terraced House
£35K	03/24	0.35 mi	44, Neville Court, Sulgrave, Washington, Tyne And Wear NE37 3DY	-	-	3	Terraced House
£132K	08/22	0.36 mi	131, Spout Lane, Washington, Tyne And Wear NE37 2UD	-	-	3	Semi-Detached House
£133K	11/23	0.36 mi	129, Spout Lane, Washington, Tyne And Wear NE37 2UD	-	-	3	Terraced House
£115K	01/23	0.38 mi	60, Baltimore Court, Washington, Tyne And Wear NE37 2HX	-	-	3	Semi-Detached House
£122.5K	12/20	0.4 mi	50, Glendale Avenue, Washington, Tyne And Wear NE37 2JP	£1,237	99	3	Semi-Detached House
£135K	10/23	0.4 mi	20, Glendale Avenue, Washington, Tyne And Wear NE37 2JP	£1,337	101	3	Semi-Detached House
£115K	09/21	0.41 mi	12, Brackley, Washington, Tyne And Wear NE37 3DP	£1,917	60	3	Semi-Detached House
£135K	12/22	0.42 mi	20, Municipal Terrace, Washington, Tyne And Wear NE37 2UA	£1,350	100	3	Terraced House
£198K	02/24	0.44 mi	93, Essex Drive, Washington, Tyne And Wear NE37 2PE	-	-	3	Semi-Detached House
£95K	06/24	0.44 mi	6, Heatherlea Place, Washington, Tyne And Wear NE37 2BB	-	-	3	Terraced House
£120K	05/21	0.45 mi	9, Shalstone, Washington, Tyne And Wear NE37 3DN	£1,534	78	3	Semi-Detached House
£125K	04/21	0.45 mi	6, Shalstone, Washington, Tyne And Wear NE37 3DN	£1,603	78	3	Detached House
£260K	05/24	0.46 mi	5, Sussex Place, Washington, Tyne And Wear NE37 2NT	-	-	3	Bungalow
£158K	03/24	0.47 mi	56, Swirral Edge, Washington, Tyne And Wear NE37 1UP	-	-	3	Semi-Detached House
£170K	08/22	0.49 mi	65, Swirral Edge, Washington, Tyne And Wear NE37 1UP	£2,329	73	3	Semi-Detached House
£165K	03/24	0.49 mi	2, Devon Walk, Washington, Tyne And Wear NE37 2NS	-	-	3	Terraced House
£100K	08/24	0.49 mi	274, Coach Road Estate, Washington, Tyne And Wear NE37 2EX	£1,235	81	3	Terraced House
£105K	11/20	0.5 mi	23, Langdale, Washington, Tyne And Wear NE37 1UE	£1,364	77	3	Terraced House
£152K	06/21	0.5 mi	69, Essex Drive, Washington, Tyne And Wear NE37 2NB	£1,767	86	3	Semi-Detached House
£130K	01/23	0.5 mi	23, Langdale, Washington, Tyne And Wear NE37 1UE	£1,688	77	3	Terraced House
£127.5K	10/23	0.5 mi	1, Cherwell, Washington, Tyne And Wear NE37 3LA	-	-	3	Terraced House
£152K	05/21	0.51 mi	4, Hampshire Place, Washington, Tyne And Wear NE37 2NP	-	-	3	Semi-Detached House
£180K	03/21	0.52 mi	17, Musgrave Terrace, Washington, Tyne And Wear NE38 7HR	£1,154	156	3	Terraced House
£45K	11/20	0.52 mi	22, Marlborough Road, Washington, Tyne And Wear NE37 3BP	-	-	3	Terraced House
£55K	03/21	0.52 mi	7, Marlborough Road, Washington, Tyne And Wear NE37 3BP	-	-	3	Terraced House
£136.5K	10/20	0.53 mi	11, Hampshire Place, Washington, Tyne And Wear NE37 2NP	£1,728	79	3	Terraced House

Local Rents

18 rents from £495/mo to £3.3K/mo, average is £688/mo.

Rent	Date	Distance	Address	Beds	Type
£3,300	03/25	0.1 mi	-	3	Terraced House
£775	06/24	0.17 mi	Richardson Terrace, Washington, Tyne and Wear, NE37 2QJ	3	Terraced House
£675	04/24	0.17 mi	-	3	Terraced House
£675	04/24	0.17 mi	-	3	Terraced House
£675	05/24	0.17 mi	Beverley Court, Washington, NE37	3	Terraced House
£700	12/24	0.21 mi	Hertburn Gardens, Concord , Washington	3	Terraced House
£750	07/24	0.29 mi	Urban Gardens , Concord, Washington	3	Terraced House
£750	07/24	0.36 mi	123 Spout Lane	3	Detached House
£659	07/23	0.4 mi	-	3	Semi-Detached House
£625	05/24	0.41 mi	Kenilworth Court, washington, Washington, Tyne and Wear, NE37 3EA	3	Flat
£495	09/23	0.42 mi	-	3	Flat
£660	12/23	0.44 mi	-	3	Terraced House
£675	06/24	0.44 mi	Heatherlea Place, Washington, Tyne And Wear, NE37	3	Detached House
£795	03/25	0.49 mi	-	3	Terraced House
£950	05/24	0.5 mi	Rushmore Grange, Washington Village	3	Terraced House
£750	05/24	0.57 mi	The Pantiles, Washington, Tyne and Wear, NE37 2TU	3	Detached House
£675	05/24	0.59 mi	Bridekirk, Washington	3	Detached House
£950	06/24	0.6 mi	Kingsdale Avenue, Washington	3	Semi-Detached House

Local Area Statistics

Population in NE37	21,03221,032
Population in Washington	52,26452,264
Town centre distance	0.87 miles away0.87 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.83 miles away2.83 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+71%+71%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £95,000

April 1, 2025

Floor Plans

Description

3 Bedroom Home +
Close To Local Amenities, Schools and Transport Links +
Enclosed Rear Garden +
Fitted Kitchen +
Freehold +
Modern Bathroom +
NO ONWARD CHAIN!! +

Riverside Residential are pleased to bring to the sales market this deceptively spacious, 3 bedroom property nestled in the quiet area of Laurens Court. The property offers great accommodation with a short walk to all of the local amenities, excellent bus links and local schools.

This home briefly comprises: Large bright lounge, fitted kitchen, W/C. To the first floor you will find three good sized bedrooms and a modern family bathroom.

The property features an enclosed and spacious rear garden. It is equipped with double glazing and is heated by gas central heating system. Additionally, the property has been recently updated so all modern and neutral inside.

Kitchen: 3.57M x 2.03M
Large bright fitted kitchen with a mixture of floor and wall units with fitted skirting mood lighting and contrasting work surfaces, electric hob, overhead extractor, stainless steel sink and splashbacks, uPVC window, tile effect flooring and ample room for a dining table.

Lounge: 5.05M x 4.54M
Large bright lounge with French doors to the rear making it light and airy, electric fire, wood effect flooring and neutral decor with large storage cupboard.

Downstairs WC:
Handy and modern downstairs WC.

Bedroom One: 4.25M x 2.54M
A large double room with a uPVC window overlooking the rear of the property, wood effect flooring and neutral décor.

Bedroom Two: 4.20M x 1.78M
A large double room with a uPVC window overlooking the front of the property, carpet flooring and neutral décor.

Bedroom Three: 3.10M x 1.91M
A spacious room, with uPVC window overlooking the rear of the property, carpet flooring and neutral décor.

Bathroom:
3 piece suite with low level w/c, wash hand basin and panelled bath. Double glazed privacy window to the front of the property, neutral cladded walls and easy clean flooring.

External:
To the rear is an enclosed garden, with a small decking area.

Council Tax Band: Band A (Sunderland Council)
Tenure: Freehold

Agent Details

Riverside Residential Property Services, Washington

0191 416 9944

Next Steps?

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

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