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1 bed flat for sale

£17,000

Waterloo Walk, Sulgrave, Washington NE37

1 1 1
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Property features

  • 1 Bed Flat
  • Excellent Buy to Let Investment
  • Potential Gross Yield Over 22%
  • Potential rental income £320 pcm

Property description

Starting price £17,000

** excellent buy to let investment - potential gross yield over 22%** **no upper chain** **potential rental income £320 pcm**

Excellent buy to let investment. This one bedroom flat is situated close to public transport facilities and briefly comprises of entrance hallway, lounge with balcony, kitchen, bedroom and bathroom. Gas central heating. Viewing highly recommended.

This property is situated in a secure entry complex which offers communal gardens with a central lawn area and laundry facilities. Private parking available for residents. Annual service charge applies.

EPC Rating - Awaiting

This property is being offered as a conditional lot – upon acceptance of an offer the buyer must place a non-refundable buyer fee of £1660 to secure the property. Exchange of contracts should occur in 28 days and completion in a further 28 days.

Disclaimer

iBuy Property Auction have not tested any fixtures, fittings or services in this property. The prospective buyer must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided are for guidance and descriptive purposes only. The property details are set out as a general guide only and do not constitute any part of a contract.

Property info

Market activity
Average price paid £114,353 Sales 152 Current average value £125,627 (Zoopla Zed-Index) Value change £2,813 ▲ 2.29%

Property value data/graphs for NE37

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £260,494 £187 3.5 £202,473
Semi-detached £127,801 £161 2.9 £120,474
Terraced £95,917 £132 3.0 £95,630
Flats £60,960 £106 2.0 £37,264

Current asking prices in NE37

Average: £132,199
Avg. current asking prices in NE37
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £5,000
(1)
£72,486
(7)
£105,102
(28)
£269,607
(13)
£512,500
(2)
Flats £17,999
(4)
£59,271
(7)
£31,488
(4)
- -
All £15,399
(5)
£65,879
(14)
£95,900
(32)
£269,607
(13)
£512,500
(2)

Current asking rents in NE37

Average: £454 pcm
Avg. current asking prices in NE37
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £490 pcm
(7)
£582 pcm
(3)
£750 pcm
(4)
-
Flats £366 pcm
(12)
£407 pcm
(11)
£368 pcm
(3)
- -
All £366 pcm
(12)
£439 pcm
(18)
£475 pcm
(6)
£750 pcm
(4)
-

Fun facts for NE37

Highest value in NE37
Highest value streets Zed-Index
Loch Lomond £553,208
Beechcroft £395,934
Wentworth Drive £369,162
Silloth Drive £305,746
Usworth Hall £276,954
Highest turnover in NE37
Highest turnover streets Turnover
Grousemoor 53.3%
Waldridge Close 47.6%
Pheasantmoor 40.0%
Donridge 35.0%
Loch Lomond 31.2%

What Zoopla users think of Washington

Overall rating:

  • currently 4 stars
Very good - 75% (69 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Washington:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Heworth (3.1 miles)
  • Chester-le-Street (5.0 miles)
  • Sunderland (5.1 miles)
  • Newcastle Airport (11.2 miles)
  • Durham Tees Valley Airport (28.3 miles)
  • Leeds Bradford International Airport (72.9 miles)
  • Newcastle International Ferry Terminal (5.8 miles)
  • South Shields Ferry Terminal (6.3 miles)
  • North Shields Ferry Terminal (6.6 miles)

Nearby schools

View all schools in Sunderland
  • Marlborough Primary School (0.1 miles)
  • Usworth Colliery Primary School (0.2 miles)
  • St Bede's Roman Catholic Voluntary Aided Primary School (0.5 miles)
  • City of Sunderland College (4.3 miles)
  • Yeshiva Lezeirim Preparatory Academy (4.7 miles)
  • Groundwork South Tyneside and Newcastle (4.8 miles)
  • Washington School (0.7 miles)
  • Biddick Academy (1.7 miles)
  • Oxclose Community Academy (1.9 miles)
Note: Distances are straight line measurements

Local info for Sunderland

AskMe Q&A for Sunderland

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For more information about this property, please contact
iBuy Property Auction, NE11 on +44 191 686 0055 * (local rate)

Monthly running costs Beta

£247 Monthly total

Mortgage

Purchase price
Deposit (10%) 1,700
Repayment term 25
Interest rate 1.5
Your payment £61 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £16/mo (£187/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

Energy

Gas £23 Electricity £26 Estimated energy cost £49/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7100 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sunderland

Estimated tax band A Council tax cost £98 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by iBuy Property Auction, and do not constitute property particulars. Please contact iBuy Property Auction for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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