Agent
4 days ago
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Hexham Flip Opportunity – NE46

Area: Newcastle upon Tyne
Flip
£115,000
Bedrooms: 3
Bathrooms: 1
Market Status: ON MARKET
Property Purchase Price: £115,000
Fair Market Value: £130,000
GDV (if applicable): 180,000
Price Negotiable?: NO
Gross Yield: Approx 18% ROI
Sourcing Fee (including VAT): £3,000
Renovation Costs: £30,000

This semi-detached house with 3 bedrooms requires comprehensive refurbishment to meet modern standards.

A recent sale fell through, motivating the seller to offer a discount from £130,000 to £115,000.

The property boasts exceptional features such as off-street parking and close proximity to amenities, rendering it highly desirable.

Upon investing approximately £30,000 in renovations, a conservative Gross Development Value (GDV) is estimated at around £180,000, translating to an 18% Return on Investment (ROI).

Located in a prime area near the town centre and popular tourist spots like Hadrian’s Wall and a popular nearby golf club, the property, with its driveway, could be utilized as serviced accommodation. If the renovations are executed to a high standard, the property would be more appealing than local hotels and other Airbnb listings . Expected monthly revenue could reach approximately £1825 at 60% occupancy.

To proceed further, please contact us.

All transactions facilitated by Horizon Property Network Ltd will be meticulously explained. It is imperative to acknowledge that property investment carries inherent risks. Investors are urged to conduct their own due diligence to ensure the deal aligns with their expectations prior to finalizing any transactions with Horizon Property Network Ltd. The company will not be held liable if the actual outcomes deviate from the estimated figures, as these are provided purely as estimates and are subject to variation.

Features

Close to Amenities
Garden
Off-Street Parking
Unfurnished
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Pedro Martins
Member since: 4 months
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Essex, UK
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