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3 Bed Terraced House For Sale Raby Road, Washington, NE38

£90,000- Terraced

Yield: 7.68%
1 of 14
Yield: 7.68%
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  • Rental Guide: £460 - £580
  • 3 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Tenure: Freehold
  • No Onward Chain!!
  • 3 Bedroom Home
  • Deceptively Spacious
  • Front & Rear Gardens
  • In Need Of Updating
  • Popular Area
  • Catchment Area For Great Schools
  • Close To Local Amenities, Schools And Transport Links
Last Updated: 9th April 2021

Description

Riverside Residential Properties are pleased to offer for sale with NO ONWARD CHAIN! This three bed mid-terrace property in the ever popular Pembridge in Oxclose. With good parking and private rear garden it's sure to be popular.

The property briefly comprises: Ground Floor - Entrance hall, spacious lounge, kitchen/diner with door to the rear garden. To the First Floor - Two good sized bedrooms (which are doubles), good sized single room and a family bathroom.

Externally there is an enclosed garden with lawn to the front with off street parking and to the rear a fully enclosed private garden with paving.

This is an excellent home with huge potential

Lounge: 4.47m x 4.41m

Kitchen: 4.47m x 2.52m

Bathroom: 1.69m x 1.63m

Bedroom One: 3.33m x 2.58m

Bedroom Two: 2.87m x 2.57m

Bedroom Three: 2.52m x 2.26m

Location
Settled in Oxclose a highly popular, family orientated location within Washington. You are within walking distance to schools such as Oxclose Primary Academy and Saint John Boste Roman Catholic School. Commuters can easily access the A1 which will connect you to cities such as Durham and Newcastle. Also the A1231 to travel to Sunderland. The Galleries centre is merely 5 minutes away offering many cafe's, shops and restaurants as well as a fantastic bus depot.
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.
7.2

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 an average regular return.
6

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:
£2,700
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.
7

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 “NE38” are mostly listed between £460 - £580. 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