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2 Bed Semi-Detached House For Sale Gragareth Way, Washington, NE37

£120,000- Semi-detached

Yield: 4.51%
1 of 9
Yield: 4.51%
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  • Rental Guide: £360 - £455
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Tenure: Freehold
  • 2 Bedroom Semi-detached
  • All Modern And Neutral Inside.
  • Large Driveway
  • Modern Kitchen And Bathroom
  • Private Rear Garden
  • Quiet Cul-de-sac Location
Last Updated: 17th March 2021

Description

Riverside Residential Properties offer to the sales market this superb two bedroom property in the modern and highly popular Mayfield area of Washington. The property is beautifully presented throughout and occupies an appealing position at the bottom of a quiet cul-de-sac with an attractive newly landscaped garden to the rear and a long private driveway to the front for multiple cars.

The impressive ground floor includes a spacious bright lounge and a modern kitchen. Upstairs there are two double bedrooms and a modern refitted family bathroom with shower over bath. The property boasts gas central heating from a new combi-boiler and is double glazed throughout.

Externally there is a private and generous landscaped garden to the rear which is not overlooked and a long driveway with loads of parking to the front.
Mayfield is very popular with both first time buyers and growing families, the street is ideally situated between the A182, A1231 and the A194 and is very accessible from the A1 and A19 making it ideal for commuters. There is also an excellent local transport system to the Galleries shopping centre providing an extensive range of shops and amenities and the cities of Newcastle, Sunderland and Durham are a short drive away.

Internally Comprising :

Entrance Porch :
Good sized entrance porch

Lounge :17'9" by 11'6" (5m 40cm x 3m 50cm)
Large and bright lounge with carpeted flooring and upgraded glass bannister to the first floor.

Kitchen :11'6" by 8'6" (3m 50cm x 2m 60cm)
Modern white gloss wall and base cabinets, Integrated fridge / freezer, Electric oven, Ceramic hob and stainless steal extractor fan. Tile effect laminate flooring and grey brick effect splash back tiles.
Entrance door out to rear garden / patio area.

Bedroom 1 :11'6" by 9'10" (3m 50cm x 3m 0cm)
Large doble sized room with window to the font of the property with carpeted flooring.

Bedroom 2 :11'6" by 8'6" (3m 50cm x 2m 60cm)
Double bedroom with wood effect flooring and window to the rear.

Bathroom :8'6" by 4'7" (2m 60cm x 1m 40cm)
Modern family bathroom with White bath suite , Low level W/C and hand wash basin, Chrome over bath mains powered shower with glass screen, modern mosaic wall tiles and tile effect laminate flooring.

Externally :

Gardens :
To the front of the property there is a lawned area and side access gate to the rear of the property.

The rear garden accessed either from the kitchen of by a side gate has been landscaped to provide a low maintenance patio and lawn area. To the front a double length driveway offering off street parking for two cars.
Agent Details
Riverside Residential Property Services
21a, Lowthian Terrace, Washington, NE38 7BA
Show Contact Number
0191 416 9944
**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.
4.1

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 very poor return.
0

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:
£3,600
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 slightly better regular return, when compared to other conservative investments.
4

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
2 Bedroom properties in “NE37” are mostly listed between £360 - £455. 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