3 Bed Terraced House, Refurb/BRRR, South Shields, NE34 9AY, £85,000

21 Madras Street, South Shields, NE34 9AY - 2 views - a year ago

Auction
Refurb/BRRR
Negative Equity
ROI: 4%
~65 m²
+6 photos

ValuationOvervalued











Investment Opportunity



































Property History

Price changed to £85,000

December 4, 2024

Price changed to £75,000

September 25, 2024

Listed for £100,000

--14%

May 13, 2024

Sold for £86,000

2008

Sold for £34,950

2003

Sold for £25,000

1998

Sold for £25,000

1998

Floor Plans

Description

  • Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!£75,000 GUIDE PRICE +

  • Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property. +

  • The property could achieve £750 - £850 PCM (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at £75,000 guide price. +

  • ***35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, So +

  • Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle. +

*   Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!**\*£75,000 GUIDE PRICE**\*
*   Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property. 

  

*   The property could achieve £750 - £850 PCM  (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at **\*£75,000 guide price.**\* 

  

*   **\*35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB previously sold for £110,000** \*

  

*   Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.

  
Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!**\*£75,000 GUIDE PRICE**\*  
  
The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity.  
  
The Local sales evidence shows that once renovated,  
  
The property could achieve £750 - £850 PCM  (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at **\*£75,000 guide price.**\*   
  
 **\*35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB previously sold for £110,000** \*  
  
Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.  
  
The properties council tax band is B.  
  
Property benefits from sought after location with massive development potential. It is sure to appeal to landlords looking for a  POTENTIALLY HIGH yielding investment. The seller will consider early offers.  
  
This property is offered at a fantastic price to ensure an Auction sale.  
  
The property comprises: 3 bedrooms,2 lounge rooms, kitchen, bathroom, and large back driveway.  
  
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.   
  
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.  
  
Location.  
  
Nestled along the picturesque coastline of South Shields, NE34 9AY, this charming town offers a diverse array of amenities to delight visitors. From seaside cafes serving freshly caught fish to bustling markets brimming with local produce, there's something for every palate. Steeped in maritime history, South Shields boasts ancient Roman ruins and a rich heritage showcased in its museums and historic sites. Outdoor enthusiasts can explore the stunning coastline with its sandy beaches and scenic trails. Conveniently located near major motorways and public transport links, including the A19 and South Shields Metro station, this vibrant town provides easy access to nearby cities and attractions, making it the perfect starting point for coastal adventures.

Agent Details

Prime Property Auctions (Scotland) Ltd, Glasgow

0141 465 5880

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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