2 Bed Detached House, Refurb/BRRR, South Shields, NE34 6AG, £335,000

Coach House, St. Marys Avenue, South Shields, NE34 6AG - 2 views - a year ago

Leasehold
Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£45K - £395K
Sold Prices/m²£776/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.9K/m²

Value Estimate

£127,458

 

 

End Value (After Refurb)

£264,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£26,073

Bridging Loan Interest

£8,794

Total Cash In

£135,866

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£264,000

Mortgage (After Refinance)

£198,000

Mortgage LTV

75%

Cash Left In

£135,866

Equity

£66,000

Rent Range

£475 - £2,000

Rent Estimate

£705

Running Costs/mo

£986

Cashflow/mo

£-281

Cashflow/yr

£-3,372

Gross Yield

3%

Local Sold Prices

50 sold prices from £45K to £395K, average is £161.3K. £776/m² to £6.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£200K09/210.11 mi2, St Marys Avenue, South Shields, Tyne And Wear NE34 6AF2
£260K01/240.12 mi51, Lisle Road, South Shields, Tyne And Wear NE34 6DH2
£282.5K07/230.13 mi7, Fairview Avenue, South Shields, Tyne And Wear NE34 6DD2
£94.3K09/210.2 mi39, St Marys Avenue, South Shields, Tyne And Wear NE34 6QA2
£200K02/230.21 mi22, Summerhill Road, South Shields, Tyne And Wear NE34 6DT2
£222.5K06/230.21 mi18, Summerhill Road, South Shields, Tyne And Wear NE34 6DT2
£290K06/230.21 mi27, North Avenue, South Shields, Tyne And Wear NE34 6BB2
£156K01/230.21 mi99, Harton House Road, South Shields, Tyne And Wear NE34 6EB2
£146K11/210.22 mi99, Harton House Road, South Shields, Tyne And Wear NE34 6EB2
£390K06/240.22 mi30, Central Avenue, South Shields, Tyne And Wear NE34 6AZ2
£75K02/210.23 mi72, The High Road, South Shields, Tyne And Wear NE34 6QF2
£200K09/230.24 mi27, Central Avenue, South Shields, Tyne And Wear NE34 6AY2
£395K10/230.24 mi21, Central Avenue, South Shields, Tyne And Wear NE34 6AY2
£220K08/210.24 mi8, Central Gardens, South Shields, Tyne And Wear NE34 6BA2
£230K06/240.24 mi17, Central Gardens, South Shields, Tyne And Wear NE34 6BA2
£220K01/210.24 mi13, Central Gardens, South Shields, Tyne And Wear NE34 6BA2
£265K12/220.26 mi70, West Avenue, South Shields, Tyne And Wear NE34 6BD2
£160K07/230.28 mi167, Harton House Road, South Shields, Tyne And Wear NE34 6EA2
£115K02/230.32 mi13, Russell Avenue, South Shields, Tyne And Wear NE34 6PN2
£242.3K06/230.33 mi8, West Avenue, South Shields, Tyne And Wear NE34 6QU2
£142K01/210.36 mi10, Prince Of Wales Close, South Shields, Tyne And Wear NE34 6QT2
£125K08/230.37 mi34, Harton Rise, South Shields, Tyne And Wear NE34 6DY2
£160K12/200.37 mi39, Harton Rise, South Shields, Tyne And Wear NE34 6DY2
£159.9K08/210.42 mi1, Horsley Vale, South Shields, Tyne And Wear NE34 6JF2
£149.9K09/210.46 mi19, Horsley Vale, South Shields, Tyne And Wear NE34 6JP2
£115K03/210.47 mi76, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DY2
£167K07/240.5 mi33, Highfield Drive, South Shields, Tyne And Wear NE34 6JD2
£175K02/230.5 mi60, Highfield Drive, South Shields, Tyne And Wear NE34 6JE2
£200K06/230.5 mi245, Mortimer Road, South Shields, Tyne And Wear NE34 0DP2
£120K02/230.51 mi29, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DX2
£90K08/230.51 mi81, St Cuthberts Avenue, South Shields, Tyne And Wear NE34 6JZ2
£97.5K12/230.54 mi208, Highfield Road, South Shields, Tyne And Wear NE34 6LF2
£115K08/230.56 mi71, Cheviot Road, South Shields, Tyne And Wear NE34 7LJ2
£105K08/230.59 mi88, Norham Avenue South, South Shields, Tyne And Wear NE34 7LT2
£165K01/240.62 mi42, Callum Drive, South Shields, Tyne And Wear NE34 6TZ2
£235K06/210.64 mi8, North View, South Shields, Tyne And Wear NE34 6HQ2
£162.5K12/200.64 mi346, Sunderland Road, South Shields, Tyne And Wear NE34 8BP2
£109K09/210.65 mi35, Frenchmans Way, South Shields, Tyne And Wear NE34 7TS2
£75K02/210.65 mi27, Frenchmans Way, South Shields, Tyne And Wear NE34 7TS2
£45.5K01/210.68 mi9, Hollingside Way, South Shields, Tyne And Wear NE34 0HX2
£295K11/210.69 mi3, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ2
£185K04/230.69 mi40, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ2
£300K09/230.69 mi20, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ2
£217K05/230.69 mi4, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ2
£105K12/220.69 mi151, Quarry Lane, South Shields, Tyne And Wear NE34 7RB2
£248.5K12/200.7 mi27, Southfield Road, South Shields, Tyne And Wear NE34 6HJ2
£100K07/240.7 mi24, Devon Gardens, South Shields, Tyne And Wear NE34 7HY2
£117K09/230.7 mi9, Devon Gardens, South Shields, Tyne And Wear NE34 7HY2
£87.8K03/210.7 mi1, Devon Gardens, South Shields, Tyne And Wear NE34 7HY2
£45K01/210.7 mi16, Devon Gardens, South Shields, Tyne And Wear NE34 7HY2

Local Rents

50 rents from £475/mo to £2K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£2,00005/240.24 mi-2
£80004/250.52 mi-2
£67507/240.58 miRedwood Avenue, Cleadon Vale, South Shields, Tyne and Wear, NE34 8DF2
£79505/240.78 miNora Street, South Shields2
£69507/240.8 miOxford Avenue, South Shields2
£65004/240.85 mi-2
£69512/240.85 mi-2
£57506/240.86 mi-2
£52002/240.87 mi-2
£55007/240.87 mi-2
£55004/250.87 mi-2
£60004/250.88 mi-2
£62506/240.89 miAshley Road, South Shields2
£60012/230.9 mi-2
£77507/240.93 miIngham House, South Shields2
£65006/240.93 miWestcott Road, South Shields2
£52003/240.94 mi-2
£58509/240.96 mi-2
£65006/240.96 miTalbot Road, South Shields, South Tyneside2
£75003/250.96 mi-2
£70004/250.97 mi-2
£69502/240.98 mi-2
£85005/240.98 mi-2
£65002/240.98 mi-2
£60004/250.99 mi-2
£49506/241 miColeridge Avenue, South Shields2
£62505/241 miGordon Road, South Shields, Tyne and Wear, NE342
£70004/251 mi-2
£60011/231.01 mi-2
£52009/231.02 mi-2
£65010/231.02 mi-2
£55007/241.02 mi-2
£55006/241.02 miCollingwood Street, South Shields, NE332
£55007/241.02 miCollingwood Street, South Shields, NE332
£60005/241.03 mi-2
£47507/241.03 mi93 St Vincent Street South Shields NE33 3AS2
£70005/241.04 mi-2
£70007/241.04 mi-2
£60004/251.04 mi-2
£57503/241.04 mi-2
£50006/241.07 miWest Harton, South Shields, NE34 0JR2
£60005/241.08 mi-2
£65012/241.09 miLow Lane, South Shields, Tyne And Wear, NE342
£59506/241.09 mi-2
£59502/251.09 mi-2
£47512/241.09 mi33 Revesby Street South Shields NE33 4SY2
£62512/231.09 mi-2
£67505/241.09 mi96 Imeary Street, South Shields2
£64506/241.09 miImeary Street, South Shields, Tyne and Wear, NE332
£75003/251.12 mi-2

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

0.66 miles away

Nearest school

0.10 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £335,000

December 26, 2024

Listed for £350,000

March 7, 2024

Floor Plans

Description

  • Beautifully Converted Coach House +
  • Spacious Open Living To The Ground Floor +
  • Full Renovation With Quality Finishes +
  • Carport For Parking +
  • Ever Popular Location Close To Amenities +
  • Reference : 438562 +

Nestled on St. Mary's Avenue, this uniquely charming Coach House conversion offers a delightful living experience. Boasting two bedrooms, this home has been converted to a high standard, promising wide appeal. Set amidst the highly sought-after Harton Village and near the esteemed Harton School, the residence occupies a generous plot with lush gardens and a brick-paved seating area. A convenient carport, accessed by an electric roller shutter garage door, provides off-road parking. Inside, the ambiance is bright and inviting, featuring a lounge with a wood burner and underfloor heating extending throughout. The lounge seamlessly transitions into a modern, fully fitted kitchen/breakfast room and a cozy orangery, perfect for relaxation. A convenient shower room completes the ground floor layout. Upstairs, two generously proportioned bedrooms are interconnected by a Jack & Jill en-suite shower room, with the principal bedroom benefiting from fitted wardrobes. Offering exceptional comfort and style, this property warrants early viewing for discerning buyers.
ENTRANCE
Via Bi-Folding doors into Sun Room.
SUN ROOM 4.47m (14'8) x 3.73m (12'3)
Sky lantern, ceiling spotlights, laminate flooring, underfloor heating and opening into Kitchen Breakfast Room.
KITCHEN BREAKFAST ROOM 4.5m (14'9) x 3.84m (12'7)
Fitted with a range of wall and base units, with integrated appliances including, washing machine, dishwasher, fridge freezer, oven and hob with steel extractor hood. Under bench lighting and lower lighting, sink unit with mixer tap, brick effect tiling to splash area, ceiling spotlights, laminate flooring, stairs to first floor landing, door into ground floor Shower Room.
SHOWER ROOM
Curved single shower cubicle, wash basin in a white high gloss vanity unit, low flush W.C., laminate flooring, underfloor heating, part cladding to walls, extractor and ceiling spotlights.
LOUNGE 4.88m (16'0) x 5.08m (16'8)
Bi-Folding doors to rear, exposed chimney breast wall, log burner into chimney breast wall, laminate flooring, ceiling spotlights and double glazed window.
FIRST FLOOR LANDING
Double glazed window.
BEDROOM ONE 4.67m (15'4) x 2.92m (9'7)
Fitted wardrobes and double glazed window. Door into En-suite.
EN-SUITE TO BOTH BEDROOMS
Double shower cubicle with overhead shower and separate shower head attachment, heated towel rail, low flush W.C. and wash basin within a vanity unity unit, part tiling to walls, laminate flooring, extractor and double glazed window.
BEDROOM TWO 3.23m (10'7) x 2.9m (9'6)
Double glazed window. Door into En-suite.
PARKING
Car port accessed via roller shutter door.
EXTERNALLY
Extensive lawned garden.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: E
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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