3 Bed Semi-Detached House, Public Notice, South Shields, NE34 6PN, £80,000

33 RUSSELL AVENUE, SOUTH SHIELDS, NE34 6PN - 5 views - 9 months ago

Sold STC
BTL
ROI: 18%
70 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £265K
Sold Prices/m²£1K/m² - £3.2K/m²

 

 

Square Metres

70 m²
Price/m²£1.1K/m²

Value Estimate

£96,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£725 - £975

Rent Estimate

£779

Running Costs/mo

£426

Cashflow/mo

£353

Cashflow/yr

£4,238

ROI

18%

Gross Yield

12%

Local Sold Prices

49 sold prices from £80K to £265K, average is £140K. £1K/m² to £3.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£122K12/220.06 mi22, Dunlop Crescent, South Shields, Tyne And Wear NE34 6QG3
£129.9K04/230.07 mi44, Centenary Avenue, South Shields, Tyne And Wear NE34 6PJ3
£135K12/230.11 mi8, Cross Way, South Shields, Tyne And Wear NE34 6PR3
£120K11/200.13 mi10, Larch Avenue, South Shields, Tyne And Wear NE34 7NT3
£103K06/230.13 mi18, Centenary Avenue, South Shields, Tyne And Wear NE34 6QH3
£132K01/230.14 mi10, Gloucester Place, South Shields, Tyne And Wear NE34 6PX3
£82K11/230.15 mi8, Shelley Avenue, South Shields, Tyne And Wear NE34 7QE3
£120K09/230.16 mi97, Gorse Avenue, South Shields, Tyne And Wear NE34 7PR3
£80K03/210.17 mi82, Lisle Road, South Shields, Tyne And Wear NE34 6DJ3
£109.1K10/210.19 mi14, Pine Avenue, South Shields, Tyne And Wear NE34 7PH3
£85K03/210.2 mi28, School Approach, South Shields, Tyne And Wear NE34 6DP3
£127K04/210.21 mi70, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DY3
£175K09/230.21 mi49, Oak Avenue, South Shields, Tyne And Wear NE34 7NU3
£222K08/240.21 mi23, Larch Avenue, South Shields, Tyne And Wear NE34 7NS3
£125K09/210.24 mi96, Prince Edward Road, South Shields, Tyne And Wear NE34 7PJ3
£115K03/210.24 mi94, Prince Edward Road, South Shields, Tyne And Wear NE34 7PJ3
£157K11/200.24 mi30, Lumley Avenue, South Shields, Tyne And Wear NE34 7DW3
£130K10/210.25 mi145, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DX3
£90K03/230.25 mi13, The High Road, South Shields, Tyne And Wear NE34 6QB3
£140K12/200.25 mi22, Falstone Avenue, South Shields, Tyne And Wear NE34 6SB3
£255K12/220.26 mi69, Quarry Lane, South Shields, Tyne And Wear NE34 7NW3
£160K03/210.27 mi46, Summerhill Road, South Shields, Tyne And Wear NE34 6RZ3
£125K11/200.29 mi52, Barbour Avenue, South Shields, Tyne And Wear NE34 6SD3
£186K09/230.29 mi39, Barbour Avenue, South Shields, Tyne And Wear NE34 6SD3
£196K12/220.29 mi48, Barbour Avenue, South Shields, Tyne And Wear NE34 6SD3
£193K06/240.3 mi42, Felton Avenue, South Shields, Tyne And Wear NE34 6RY3
£143.5K01/210.3 mi34, Felton Avenue, South Shields, Tyne And Wear NE34 6RY3
£127K03/230.3 mi2, Ede Avenue, South Shields, Tyne And Wear NE34 7EA3
£200K12/230.31 mi45, Quarry Lane, South Shields, Tyne And Wear NE34 7NL3
£197.5K12/230.33 mi24, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG3
£160K12/200.33 mi27, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG3
£190K05/230.33 mi4, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG3
£155K07/240.33 mi23, Ede Avenue, South Shields, Tyne And Wear NE34 7EB3
£170K03/230.33 mi126, Centenary Avenue, South Shields, Tyne And Wear NE34 6SG3
£180K07/230.34 mi10, Thornholme Avenue, South Shields, Tyne And Wear NE34 7DT3
£93K06/210.34 mi70, Prince Edward Road, South Shields, Tyne And Wear NE34 7PL3
£115K09/230.34 mi5, Willow Grove, South Shields, Tyne And Wear NE34 7PN3
£180K07/230.34 mi70, Ede Avenue, South Shields, Tyne And Wear NE34 7ED3
£115K11/200.35 mi65, Thornholme Avenue, South Shields, Tyne And Wear NE34 7DS3
£120K06/210.36 mi9, Watson Avenue, South Shields, Tyne And Wear NE34 7QX3
£265K08/240.39 mi15, Summerhill Road, South Shields, Tyne And Wear NE34 6DT3
£250K05/230.39 mi19, Lisle Road, South Shields, Tyne And Wear NE34 6DQ3
£230K12/220.4 mi20, Ridley Grove, South Shields, Tyne And Wear NE34 6RN3
£165K09/230.4 mi8, Bywell Avenue, South Shields, Tyne And Wear NE34 6RP3
£135K10/210.4 mi268, Sunderland Road, South Shields, Tyne And Wear NE34 8PY3
£165K02/230.4 mi258, Sunderland Road, South Shields, Tyne And Wear NE34 8PY3
£137.5K10/210.4 mi17, South Avenue, South Shields, Tyne And Wear NE34 6QZ3
£210K09/210.4 mi23, South Avenue, South Shields, Tyne And Wear NE34 6QZ3
£255K11/200.41 mi102, St Marys Avenue, South Shields, Tyne And Wear NE34 6AG3

Local Rents

12 rents from £725/mo to £975/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£78512/240.04 mi-3
£85005/240.07 mi-3
£97505/240.07 miEast Avenue, South Shields, NE343
£80005/240.08 mi-3
£77505/240.08 mi-3
£95005/240.08 miEast Avenue, South Shields, NE343
£72512/240.09 mi-3
£95005/240.12 miCentenary Avenue, South Shields3
£90005/240.28 miNorth Close, South Shields, Tyne And Wear, NE343
£79507/240.38 miGreenside, Marsden, South Shields, Tyne and Wear, NE34 7RN3
£79005/240.51 mi-3
£85007/240.6 miHorsley Vale, South Shields3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £80,000

June 27, 2024

Description

PUBLIC NOTICE: 33 RUSSELL AVENUE, SOUTH SHIELDS, NE34 6PN.

WE ARE ACTING IN THE SALE OF THE ABOVE PROPERTY AND HAVE RECEIVED AN OFFER OF £75,000. ANY INTERESTED PARTIES MUST SUBMIT ANY HIGHER OFFERS IN WRITING TO THE SELLING AGENT BEFORE AN EXCHANGE OF CONTRACTS TAKES PLACE.  EPC RATING: D

*  SOLD AS SEEN

*** GAS CONDENSING COMBINATION BOILER **

*** UPVC FRAMED SEALED UNIT DOUBLE GLAZING INCLUDING FRONT & BACK DOORS **

* GARDENS TO FRONT & REAR

*** OFF ROAD PARKING **

*** REALISTIC PRICE **

*** CLOSE TO ALL LOCAL AMENITIES INCLUDING THE NOOK **

*** COUNCIL TAX BAND A **

* EPC D

*** TENURE: WE ARE INFORMED BY THE VENDORS THAT THE PROPERTY IS FREEHOLD **

* VIEWING BY APPOINTMENT WITH THE AGENT

A three bedroom semi detached house which is offered for sale with immediate vacant possession.  It is located within a short walk of The Nook shops, Prince Edward Road and Centenary Avenue bus services, schools etc.

 This property would be an ideal purchase for a first time buyer or indeed an investor.  An early inspection is well recommended as we do not anticipate it being on the open market for any great length of time.  

For schools in the area contact

 The property benefits from the following accommodation 

**ACCOMMODATION **

**GROUND FLOOR **

**ENTRANCE HALL **

With UPVC framed double glazed front door, staircase to first floor, laminated floor covering, double radiator, meter cupboard.

LIVING ROOM
5.08m x 3.79m reducing to 2.45m

With a fireplace including a living flame gas fire (not tested), two radiators, laminated floor covering.

BATHROOM
1.87m x 1.56m

With a white coloured suite comprising of panelled bath with combi shower over bath and glazed side splash panel, pedestal washbasin, part ceramic tiled walls, ceramic tiled floor, extractor fan, ladder style heated towel rail. 

W.C. 

With a matching low level w.c. ceramic tiled floor, half ceramic tiled walls.

KITCHEN
2.17m x 4.29m
 

With a range of fitted wall and floor units with laminated worktops, ceramic tiled surrounds, incorporating an inset 1 ½ bowl stainless steel sink unit with mixer tap, plumbing for automatic washing machine, gas cooker point, double radiator.

**FIRST FLOOR **

LANDING 

With access to loft, cupboard containing gas boiler for heating the domestic hot water and central heating systems.

**BEDROOM 1 (FRONT)
3.03m x 3.96m **

With radiator, fitted wardrobes, laminated floor covering. 

BEDROOM 2 (REAR)
3.11m x 2.34m
 

With radiator, laminated floor covering. 

BEDROOM 3 (FRONT)
2.94m x 1.95m

With laminated floor covering, radiator.

OUTSIDE

FRONT

There is a partially fenced and walled garden with a driveway for vehicle off road parking and access to the rear garden.

REAR GARDEN 

Which has been fenced.

Agent Details

Moody & Co, South Shields

0191 607 1143

Next Steps?

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