5 Bed HMO, South Shields, NE33 4RU, £290,000

179 Stanhope Road, South Shields, Tyne And Wear, NE33 4RU - 16 views - a year ago

HMO
ROI: 7%
~178 m²
+40 photos

ValuationUndervalued

Sold Prices£101K - £900K
Sold Prices/m²£682/m² - £4.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£314,775
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,490

Running Costs/mo

£1,990

Cashflow/mo

£500

Cashflow/yr

£6,004

ROI

7%

Gross Yield

10%

Local Sold Prices

26 sold prices from £101K to £900K, average is £293K. £682/m² to £4.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£295K11/230.01 mi157, Stanhope Road, South Shields, Tyne And Wear NE33 4RU5
£222.5K02/210.28 mi20, Palmerston Street, South Shields, Tyne And Wear NE33 5LT5
£340K06/210.47 mi1, King George Road, South Shields, Tyne And Wear NE34 0SP5
£280K11/230.48 mi28, Sunderland Road, South Shields, Tyne And Wear NE33 4UR5
£382.5K12/200.52 mi53, St Georges Avenue, South Shields, Tyne And Wear NE33 3EH5
£250K09/230.63 mi168, Westoe Road, South Shields, Tyne And Wear NE33 3PH5
£675K03/220.64 mi16, Westoe Village, South Shields, Tyne And Wear NE33 3EB5
£440K10/230.66 mi151, King George Road, South Shields, Tyne And Wear NE34 0EU5
£225K05/210.67 mi10, St Michaels Avenue, South Shields, Tyne And Wear NE33 3AN5
£222K05/230.68 mi11, Horsley Hill Road, South Shields, Tyne And Wear NE33 3ET5
£215K08/210.7 mi21, Mowbray Road, South Shields, Tyne And Wear NE33 3DH5
£280K07/240.82 mi60, Mowbray Road, South Shields, Tyne And Wear NE33 3AX5
£162.5K08/150.95 mi26, Southfield Road, South Shields, Tyne And Wear NE34 6HJ-
£900K01/231.13 mi136, Wenlock Road, South Shields, Tyne And Wear NE34 9AL5
£220K11/201.16 mi118, Broughton Road, South Shields, Tyne And Wear NE33 2RU5
£215K11/201.3 mi29, Sea View Terrace, South Shields, Tyne And Wear NE33 2NW5
£417.5K08/221.34 mi22, High Trees, South Shields, Tyne And Wear NE34 8EW5
£325K10/211.39 mi6, Atkinson Gardens, North Shields, Tyne And Wear NE29 6YJ5
£101K11/231.43 mi45, George Scott Street, South Shields, Tyne And Wear NE33 2JR5
£350K06/211.45 mi11, Sunniside Drive, South Shields, Tyne And Wear NE34 8DH5
£422K03/231.54 mi33, Lawe Road, South Shields, Tyne And Wear NE33 2EU5
£291K03/211.71 mi43, Chirton Avenue, South Shields, Tyne And Wear NE34 7BW5
£131K12/201.88 mi34, Waterville Road, North Shields, Tyne And Wear NE29 6SL5
£540K03/211.91 mi95, Cleadon Lea, Cleadon, Sunderland, Tyne And Wear SR6 7TG5
£410K04/231.99 mi40, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ5
£383K12/201.99 mi58, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ5

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £290,000

January 25, 2024

Sold for £70,500

1995

Floor Plans

Description

  • FIVE DOUBLE BEDROOMS +
  • MANY ORIGINAL FEATURES OBTAINED +
  • FOUR BATHROOMS +
  • THREE LARGE RECEPTION ROOMS +
  • 6 FEATURE FIRE PLACES +
  • MULTI FUNCTIONAL LIVING OPPORTUNITIES +
  • WEST PARK VIEWS +
  • ROLLER SHUTTER DOORS WITH CAR PORT +
  • REAR COURTYARD WITH SITTING AREA +
  • LARGE FRONT SITTING AREA +

FABULOUS WEST PARK LOCATION!  Yopa are delighted to welcome to the market this perfectly positioned & delightful 5 bedroomed imposing period residence on the highly regarded Stanhope Road, retaining a myriad of original beautiful Victorian features.  This 5 Bedroomed Terraced Property offers maximum flexible living accommodation throughout and is situated opposite the prestigious West Park with open aspect views beyond. The internal layout offers a variety of living options for a family or multi generational families .It could also offer a fabulous HMO option bringing in a healthy rental income revenue utilizing the many bedrooms and additional bathroom facilities over the three floors .

Comprising :  Ground Floor leading into :  Entrance lobby into gorgeous hallway leading into a spacious living room with original fire place and overlooking  West Park .  To the rear is a large formal dining room with rear courtyard access via French Doors . Cloakroom leading off the hallway into a lovely family kitchen / dining room with a range of traditional units with contrasting work surfaces .  A large  range oven and a Belfast sink with fabulous exposed brick wall housing original wood burning stove to the family dining area with serving hatch to dining room compliment the feel of the property .There is a useful utility walk in cupboard to the rear housing WM / Dryer and access to rear courtyard and car port with roller shutter.  An imposing staircase leads to the first floor half landing where spacious family bathroom with 3 piece white suite  with original fire surround & separate WC are located . Three bedrooms lead off the main landing ( two exceptionally large stunning double rooms with original fire surrounds and a generous single currently utilized as a dressing room ) with staircase  leading to the second floor landing where there are two further third floor bedrooms complemented by an en-suite shower room.

Externally to the rear there is a courtyard ideal for outside sunny entertaining and a carport with electric roller shutter access for car parking. To the front is a paved seated patio overlooking West Park. The property is to be sold with no on ward chain and viewing is essential, please call now to arrange! 

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, Scotland & The North

0161 524 0574

Next Steps?

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