2 Bed Flat, Refurb/BRRR, Wallsend, NE28 9HD, £53,000

Sydney Grove, Battle Hill, Wallsend, NE28 9HD - 7 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£50K - £137K
Sold Prices/m²£787/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£778/m²

Value Estimate

£53,000

 

 

End Value (After Refurb)

£131,177

Uplift in Value

+148%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,250

Stamp Duty & Legal Fees

£3,850

Refurb Costs

£26,136

Bridging Loan Interest

£1,391

Total Cash In

£46,378

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£131,177

Agent Fees (1%)

£1,312

Bridging Loan

£39,750

Bridging Loan Interest

£1,391

Flip Profit

£43,737

Local Sold Prices

50 sold prices from £50K to £137K, average is £94K. £787/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£102.5K02/210 mi88, Sydney Grove, Wallsend, Tyne And Wear NE28 9HD2
£76K02/210 mi96, Sydney Grove, Wallsend, Tyne And Wear NE28 9HD2
£94.6K03/240.05 mi39, Hardy Grove, Wallsend, Tyne And Wear NE28 9HF2
£57K12/230.15 mi91, Sunholme Drive, Wallsend, Tyne And Wear NE28 9YW2
£100K09/230.15 mi74, Sunholme Drive, Wallsend, Tyne And Wear NE28 9YW2
£100K11/220.16 mi64, Sunholme Drive, Wallsend, Tyne And Wear NE28 9YW2
£91K04/210.21 mi15, Farndale, Wallsend, Tyne And Wear NE28 8TH2
£104K09/230.21 mi15, Farndale, Wallsend, Tyne And Wear NE28 8TH2
£92K09/210.22 mi15, Coverdale, Wallsend, Tyne And Wear NE28 8TJ2
£116K11/230.22 mi13, Coverdale, Wallsend, Tyne And Wear NE28 8TJ2
£89K05/230.29 mi24, Wharfedale, Wallsend, Tyne And Wear NE28 8TP2
£76.5K10/200.29 mi20, Swaledale, Wallsend, Tyne And Wear NE28 8TR2
£93.5K05/230.29 mi20, Swaledale, Wallsend, Tyne And Wear NE28 8TR2
£90K12/230.32 mi84, Prospect Avenue North, Wallsend, Tyne And Wear NE28 9LL2
£65K04/210.39 mi169, Kings Road North, Wallsend, Tyne And Wear NE28 9JH2
£80K09/230.5 mi14, Ashfield Mews, Wallsend, Tyne And Wear NE28 7RG2
£78K12/200.68 mi15, Bedford Avenue, Wallsend, Tyne And Wear NE28 8EF2
£50K06/230.68 mi5, Belper Close, Wallsend, Tyne And Wear NE28 9BH2
£100K12/210.77 mi17, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£112.5K12/220.77 mi17, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£120K07/230.77 mi21, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£95K10/200.77 mi11, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£95K12/200.77 mi21, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£93.5K06/230.77 mi9, Kings Vale, Wallsend, Tyne And Wear NE28 7JS2
£80K02/230.79 mi62, Alexandrea Way, Wallsend, Tyne And Wear NE28 9JX2
£85K12/220.8 mi298, Station Road, Wallsend, Tyne And Wear NE28 8SQ2
£66K02/210.8 mi33, Barmouth Close, Wallsend, Tyne And Wear NE28 9AR2
£75K07/210.84 mi8, Victoria Avenue, Wallsend, Tyne And Wear NE28 8SD2
£69.5K06/210.87 mi59, Alexandrea Way, Wallsend, Tyne And Wear NE28 9JX2
£78K03/230.87 mi5, Alexandrea Way, Wallsend, Tyne And Wear NE28 9JX2
£66K03/240.88 mi40, Albert Avenue, Wallsend, Tyne And Wear NE28 8RZ2
£53.5K03/210.9 mi24, Bray Close, Wallsend, Tyne And Wear NE28 9RJ2
£53.5K03/210.9 mi24, Bray Close, Wallsend, Tyne And Wear NE28 9RJ2
£59K01/210.9 mi7, Clifton Avenue, Wallsend, Tyne And Wear NE28 8RN2
£130K11/220.92 mi85, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£110K10/220.92 mi51, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£95.5K12/220.92 mi147, North Road, Wallsend, Tyne And Wear NE28 8RH2
£95K03/230.92 mi123, North Road, Wallsend, Tyne And Wear NE28 8RH2
£93K11/230.92 mi121, North Road, Wallsend, Tyne And Wear NE28 8RH2
£115K10/230.92 mi67, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£129.9K12/210.92 mi5, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£100K11/200.92 mi72, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£120K12/200.92 mi78, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£137K06/230.92 mi5, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£135K07/230.92 mi45, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£124K03/230.92 mi41, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£125K08/230.92 mi48, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£123K11/230.92 mi20, Belvedere Gardens, Benton, Newcastle Upon Tyne, Tyne And Wear NE12 9PG2
£105K08/230.93 mi86, North Road, Wallsend, Tyne And Wear NE28 8RJ2
£73K08/210.93 mi94, North Road, Wallsend, Tyne And Wear NE28 8RJ2

Local Rents

12 rents from £625/mo to £900/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£62506/240.05 miHardy Grove, Wallsend2
£90005/240.12 miExeter Road, Wallsend2
£85012/240.14 miParkside Terrace, Wallsend, Tyne and Wear, NE282
£69503/250.19 mi-2
£62510/230.36 mi-2
£67505/240.4 mi-2
£75007/240.41 mi-2
£72505/240.41 miStation Road North, Wallsend2
£65003/250.44 mi-2
£72505/240.45 miWestburn Gardens, Wallsend2
£85006/240.5 miMoor Edge Drive, Wallsend2
£72503/250.59 mi-2

Local Area Statistics

Population in NE28

44,519

Population in Wallsend

44,520

Town centre distance

1.16 miles away

Nearest school

0.10 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+43%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £53,000

January 21, 2025

Description

  • Ground Floor Flat +
  • Two Bedrooms +
  • Front and Rear Gardens +
  • Central Location +
  • Local Ameneties +
  • Needs Updating +
  • Must Be Viewed +
  • Council Tax Band A +
  • EPC Rating D +

Moving Homes welcomes to the market for sale, this two-bedroom ground floor flat on Sydney Grove, Wallsend. Presenting a unique opportunity for buyers eager to add their personal touch. While the flat requires some renovation, it has immense potential to become a comfortable and stylish home.
The flat boasts a generous living area filled with natural light, creating a warm and inviting space. The functional kitchen has a wide range of units, complementing work tops which could be tailored to meet your needs. Both well-proportioned bedrooms offer versatile living spaces suitable for bedrooms, a home office, or a hobby room. The bathroom, in need of some updating, provides a blank canvas for a modern suite.
Outside, the property includes gardens to front and rear, perfect for outdoor living. Located conveniently on Sydney Grove, the flat is within easy reach of local amenities, shops, schools, and public transport, ensuring straightforward commuting to Newcastle and surrounding areas.

EPC Rating D
Council Tax Band A £1,408.23 pa 
Tenure - The agent understands the property to be a peppercorn lease 999 years from 1st September 1987.  However, this should be confirmed with a licensed legal representative. 

To secure a viewing in the first instance please contact Moving Homes on 0191-2964600 or visit our website movinghomesuk.com.

We endeavour to make our sales 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. Any 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 measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: D. Tenure: Leasehold,

Agent Details

Northwood, North Shields

0191 607 7423

Next Steps?

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

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