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3 Bed Terraced House For Sale Hertburn Gardens, Washington, NE37

£89,950- Terraced

Yield: 7.8%
1 of 11
Yield: 7.8%
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  • Rental Guide: £465 - £585
  • 3 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Epc Rating D
  • Well Presented Accommodation
  • Modern Kitchen
  • Modern Refitted Bathroom
  • Attractive Enclosed Garden
  • Rear Yard
Last Updated: 14th November 2020

Description

Ideal property for the first time buyer or young family. The property has been improved by the current owners and the accommodation briefly comprises of: Entrance hall with stairs to first floor, spacious lounge to front, modern kitchen to rear fitted with a range of modern white units and attractive flooring. The modern three piece suite bathroom has been upgraded and fitted with modern cladding in contemporary colours. To the first floor there are three bedrooms, two of which are spacious doubles and a good size single bedroom. Externally there is a private rear yard which is low maintenance and a recently landscaped enclosed garden to the front overlooking the green.

Agent Details
YOUR MOVE Chris Stonock
Unit K The Galleries, Washington Centre, Washington, NE38 7SD
Show Contact Number
0191 416 0100
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
7.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a good regular return.
7

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£2,699
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
8

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
3 Bedroom properties in “NE37” are mostly listed between £465 - £585. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested