6 Creland Way, Newcastle Upon Tyne, NE5 3UF For Sale

  • $72,000
  • 656 sqft

The property is dated and needs refurbishing. We would advise the following:

  • New Kitchen
  • New Bathroom Suite & Tiling
  • Replace Central Heating Radiators
  • Replace Internal Doors
  • Decorate Throughout
  • New Carpets

The estimated cost would be around £10,000 and we can help with obtaining estimates. We would project manage the refurbishment free of charge.

This property is in a very good area of Newcastle with excellent transport links.

Situated in the Blakelaw area which is popular with families, and is a good rental area. This property will be in demand to rent. The prospects of getting a long term tenant are very good.

This is a very good deal which offers a good discount to the market value, giving instant equity and good prospects for capital growth in the coming years.

No 9 Creland Way Sold for £125,000 in 2017. (This property was in excellent condition.)


  • Market Value: £100,000
  • Purchase Price: £72,000
  • Deposit: £18,000
  • Solicitor Fee: £800
  • Refurbishment: £10,000
  • Survey Fees: £400
  • Sourcing Fees: £3,000
  • Total Out of Pocket: £32,200

  • Monthly Rent: £600
  • Monthly Interest: £180
  • Monthly Insurance: £15
  • Letting Agent Fees:  £60
  • Monthly Cash Flow: £345
  • Net Yield: 5.75%
  • Return on Investment (ROI) 12.86%

  • Deposit:  25%      
  • Interest Rate 4%
  • Let Agent Management Fee 10%
Price:
$72,000
Address:
6 Creland Way
Newcastle Upon Tyne NE5 3UF
Square Feet:
656
Terms:
For Sale
Property Type:
Home
Year Built:
1960

Additional Features

Bedrooms: 3 Bathrooms: 1 Living/Dining Room: 1 Front Garden: No Back Garden: Yes Condition: Dated - Needs Refurbishment

Call 0191 369 2069 for more details

Property Location