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2 Bed Terraced House For Sale Grasmere Terrace, Washington, NE38

£135,000- Terraced

Yield: 4.62%
1 of 13
Yield: 4.62%
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  • Rental Guide: £415 - £520
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Tenure: Freehold
  • 2 Bedroom Terraced Property
  • All Modern And Neutral Inside.
  • Double Driveway
  • Good Sized Rooms
  • Modern Kitchen And Bathroom
  • Southerly Gardens
  • Upstairs Bathroom
Last Updated: 31st March 2021

Description

Riverside Residential are pleased to bring to the market this superb two bedroom extended home with modern kitchen, huge bathroom and double driveway in a quiet and popular area of Columbia.

This beautiful home has been greatly upgraded and modernised by the current owners to include a large modern kitchen, large bright lounge leading to the conservatory, a huge upstairs bathroom and two double bedrooms.

Externally there is a large driveway to the front for two cars and a private southerly facing garden to the rear which is not overlooked.

Located in Columbia and on the outskirts of Washington Village the property is close to local shops, schools and amenities and offers spacious living accommodation which has been modernised and well maintained by the current owners to a high standard.

Entrance Area
Entrance porch with large storage cupboard.

Kitchen: 4.85m x 2.65m Modern kitchen fitted wall and base units with complimentary worktop surfaces incorporating sink unit, built in electric oven and gas hob with extractor hood over, space for washing machine, matching upstands, wood effect flooring, double radiator, two double glazed windows to the front and neutral décor.

Lounge: 4.74m x 4.06m
Modern lounge with feature fireplace and access to the conservatory

Conservatory: 3.5m x 3.6m
Good sized conservatory top the rear overlooking the private garden.

Bedroom 1: 4.11m x 3.05m
Large double bedroom with carpeted flooring and built in wardrobes.

Bedroom 2: 2.85m x 2.56m
Good sized double room with window to the rear and carpeted flooring.

Bathroom: 3.74m x 2.58m
Huge bathroom! Contains free standing bath, separate shower cubicle, pedestal sink and low level WC, integrated TV and housing the combi-boiler.
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.
4.2

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:
£4,050
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.9

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:

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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 “NE38” are mostly listed between £415 - £520. 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