3 Bed Semi-Detached House, Single Let, Newcastle upon Tyne, NE15 6SB, £125,000

St. James Gardens, Benwell, Newcastle upon Tyne, Tyne and Wear, NE15 6SB - 1 views - 9 months ago

Sold STC
BTL
ROI: 5%
~93 m²
+1 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £2,100

Rent Estimate

£688

Running Costs/mo

£548

Cashflow/mo

£140

Cashflow/yr

£1,677

ROI

5%

Gross Yield

7%













Local Rents

19 rents from £600/mo to £2.1K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£60006/240.14 miJoan Street, Benwell, Newcastle Upon Tyne3
£1,30006/240.22 mi-3
£1,30006/240.22 miEthel Street, Newcastle Upon Tyne, NE43
£85002/250.37 mi-3
£85002/250.37 mi-3
£95003/250.39 mi-3
£1,10005/240.41 miChester Pike, The Rise, Newcastle upon Tyne, NE153
£1,30012/240.43 miFeatherwood Avenue, Newcastle Upon Tyne3
£65011/240.43 mi-3
£70012/240.43 mi-3
£95002/250.46 mi-3
£2,10005/240.5 mi-3
£1,10002/250.51 mi-3
£95006/240.52 miWest Road, Westerhope, Newcastle upon Tyne, NE43
£1,35012/240.52 mi-3
£1,35007/240.52 mi-3
£1,25006/240.55 miFeatherwood Avenue, Newcastle Upon Tyne, Tyne and Wear, NE153
£1,25006/240.55 miFeatherwood Avenue, Newcastle Upon Tyne, Tyne and Wear, NE153
£1,10005/240.6 miChesterholm Avenue, The Rise, Newcastle Upon Tyne, Tyne and Wear, NE153

Local Area Statistics

Population in NE15

32,552

Population in Newcastle upon Tyne

381,037

Town centre distance

2.65 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+11%

Property History

Listed for £125,000

June 27, 2024

Description

  • Semi Detached House - Three Bedrooms +
  • New Roof Installed 2024 +
  • Popular Location +
  • Close to Amenities +

Charming 3 Bedroom Semi-Detached in Benwell - Potential to Shine!

Calling all home improvers! This delightful 3 bedroom semi-detached property on St James Gardens offers a fantastic opportunity to create your dream home. The house has recently benefited from a brand new roof, providing peace of mind for years to come.

Ready to personalise: While the interior awaits your modern touch, the spacious layout provides a great foundation. Imagine cozy nights in the living room, or family meals in the bright and airy dining area. Upstairs, three bedrooms offer versatility for families or those who work from home.

Convenience at your doorstep: Located in the popular Benwell area, you'll enjoy excellent access to shops, amenities, and transport links. Whether you need your daily essentials or a quick commute into the city center, everything is within easy reach.

Don't miss out on this fantastic opportunity! This charming home is perfect for first-time buyers, growing families, or investors. Book your viewing today and unleash your creative vision!

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, West Road

0191 625 0804

Next Steps?

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