3 Bed Semi-Detached House, Refurb/BRRR, Newcastle upon Tyne, NE6 4RX, £180,000

Woodhead Road, Newcastle upon Tyne, Tyne and Wear, NE6 4RX - 3 views - 25 days ago

Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£95K - £275K
Sold Prices/m²£1.2K/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£166,288

 

 

End Value (After Refurb)

£177,281

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Refurb Costs

£35,600

Bridging Loan Interest

£4,725

Total Cash In

£97,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,281

Mortgage (After Refinance)

£132,961

Mortgage LTV

75%

Cash Left In

£97,275

Equity

£44,320

Rent Range

£700 - £2,508

Rent Estimate

£1,374

Running Costs/mo

£849

Cashflow/mo

£525

Cashflow/yr

£6,302

ROI

6%

Gross Yield

9%

Local Sold Prices

49 sold prices from £95K to £275K, average is £190K. £1.2K/m² to £2.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£213.5K08/210.02 mi1, Woodhead Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RX3
£210K11/230.02 mi24, Woodhead Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RX3
£260K06/230.04 mi15, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£275K05/240.04 mi3, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£181K04/210.04 mi7, Northmoor Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RY3
£195K09/210.04 mi65, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RU3
£156K11/200.05 mi16, Ellesmere Avenue, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4RP3
£180K03/230.08 mi156, Whinneyfield Road, Walkergate, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£150K12/200.08 mi140, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£183K06/210.08 mi93, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£198K05/230.08 mi83, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RR3
£207K03/240.1 mi37, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RT3
£185K02/210.12 mi116, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4RQ3
£236K11/220.13 mi229, Fossway, Newcastle Upon Tyne, Tyne And Wear NE6 4QY3
£245K06/230.14 mi48, Larchwood Avenue, Walkerville, Newcastle Upon Tyne, Tyne And Wear NE6 4NX3
£180K12/200.14 mi58, Larchwood Avenue, Walkerville, Newcastle Upon Tyne, Tyne And Wear NE6 4NX3
£236K04/240.14 mi31, Larchwood Avenue, Walkerville, Newcastle Upon Tyne, Tyne And Wear NE6 4NX3
£160K04/240.16 mi968, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4XS3
£145K03/240.19 mi35, Selby Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 4YA3
£187K05/210.2 mi5, West Farm Road, Newcastle Upon Tyne, Tyne And Wear NE6 4JA3
£220K10/210.22 mi9, Laburnum Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4PP3
£170K12/220.22 mi6, Laburnum Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4PP3
£175K10/230.24 mi38, Baret Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HY3
£210K07/230.24 mi127, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HH3
£180.5K11/220.25 mi25, Iolanthe Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4QS3
£205K02/240.26 mi44, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£141.8K02/240.26 mi88, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HX3
£175K06/210.26 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£175K06/210.26 mi3, Whinneyfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4HU3
£235.5K06/210.26 mi83, Broomfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4PH3
£95K12/200.32 mi32, Scrogg Road, Newcastle Upon Tyne, Tyne And Wear NE6 4EX3
£199K10/220.32 mi40, Benfield Road, Newcastle Upon Tyne, Tyne And Wear NE6 4NT3
£270K12/220.34 mi9, Holme Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4PS3
£255K08/230.34 mi34, Rosewood Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4PR3
£192K05/230.34 mi15, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3
£190K11/220.35 mi21, Borrowdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HL3
£195K07/230.35 mi1003, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SN3
£123K07/210.36 mi15, Roman Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4AA3
£172.9K06/210.36 mi1, Wyedale Way, Newcastle Upon Tyne, Tyne And Wear NE6 4UA3
£245K06/240.36 mi1020, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SQ3
£183K04/210.36 mi1022, Shields Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SQ3
£223K02/240.38 mi45, Appletree Gardens, Newcastle Upon Tyne, Tyne And Wear NE6 4PB3
£237K10/230.39 mi33, Briarwood Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4ST3
£200K11/220.4 mi12, Briarwood Crescent, Newcastle Upon Tyne, Tyne And Wear NE6 4ST3
£129K05/210.41 mi4, Kentmere Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HD3
£138K07/210.42 mi1, Cloverdale Court, Newcastle Upon Tyne, Tyne And Wear NE6 4UB3
£198.5K01/230.43 mi48, Calderdale Avenue, Newcastle Upon Tyne, Tyne And Wear NE6 4HN3
£190K03/210.43 mi6, Logan Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SY3
£167K02/210.43 mi3, Logan Road, Newcastle Upon Tyne, Tyne And Wear NE6 4SY3

Local Rents

22 rents from £700/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£89504/250.16 mi-3
£1,05004/250.45 mi-3
£97504/240.45 mi-3
£1,20005/240.46 miWyedale Way, Walker, Newcastle upon Tyne, Tyne and Wear, NE6 4UW3
£2,20002/240.46 mi-3
£2,20004/240.46 mi-3
£2,10008/240.46 mi-3
£2,10011/240.46 mi-3
£2,10001/250.46 mi-3
£2,50804/250.46 mi-3
£1,15001/250.48 mi-3
£1,20008/240.5 mi-3
£1,20006/240.5 miSimonside Terrace, Newcastle Upon Tyne, NE63
£1,23506/240.54 miSimonside Terrace, Heaton3
£70006/240.54 miSimonside Terrace, Heaton, Newcastle upon Tyne, NE63
£1,23505/240.56 miSimonside Terrace, Heaton, Newcastle Upon Tyne, Ne63
£1,23505/240.57 miSimonside Terrace, Heaton, Newcastle Upon Tyne 3
£1,00011/240.6 mi-3
£1,10001/250.61 mi-3
£1,04005/240.62 mi£80pppw - Whitefield Terrace, Heaton, NE63
£85005/240.62 mi-3
£85005/240.62 mi-3

Local Area Statistics

Population in NE6

50,441

Population in Newcastle upon Tyne

381,037

Town centre distance

4.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £180,000

March 24, 2025

Floor Plans

Description

  • Three Bedroom Semi Detached House +
  • No Onward Chain +
  • Popular Location +
  • Approx. SQ M 96 +
  • Newcastle City Council Tax Band C +
  • EPC Grade D +

Situated on a popular street in Walker a fantastic three bedroom semi detached house offered to the market with no upper chain. This property would make a fantastic home with some modernisation benefitting gardens front and rear, off street parking and a garage. We expect a high demand so early viewing is highly recommended.

To the ground floor this property comprises entrance hallway with stairs to first floor landing, lounge with feature fireplace and bay window, kitchen with floor and wall units, breakfasting island and French doors to the rear garden, utility room and WC/Cloakroom.

To the first floor there is two double bedrooms and a third single bedroom as well as a family bathroom to include shower over bath, WC and hand wash basin.

Externally this property has a driveway for off street parking leading to the integrated garage as as well as a small garden to the front and good size garden to the rear with perimeter fencing.

Freehold
Newcastle City Council Tax Band C
EPC Grade D

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our 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. The 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 photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WSD250074/2

Agent Details

YOUR MOVE Chris Stonock, Wallsend

0191 625 0241

Next Steps?

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