2 Bed Flat, Single Let, South Shields, NE33 4RD, £45,000

Belle Vue Crescent, South Shields, NE33 4RD - 19 views - 7 months ago

Leasehold
BTL
ROI: 22%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£37K - £117K
Sold Prices/m²£323/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£56,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£510

Running Costs/mo

£263

Cashflow/mo

£247

Cashflow/yr

£2,969

ROI

22%

Gross Yield

14%

Local Sold Prices

50 sold prices from £37K to £117K, average is £73.5K. £323/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£56K03/210.1 mi292, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£107.5K05/210.1 mi326, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£67.5K12/220.1 mi49, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£50K01/230.1 mi38, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£37.5K11/200.18 mi17, Egerton Road, South Shields, Tyne And Wear NE34 0QH2
£37K06/210.19 mi102, Boldon Lane, South Shields, Tyne And Wear NE34 0BY2
£82K07/220.22 mi10, Crofton Street, South Shields, Tyne And Wear NE34 0QP2
£83.5K10/230.22 mi57, Gordon Road, South Shields, Tyne And Wear NE34 0QR2
£39.9K07/210.25 mi34, Talbot Road, South Shields, Tyne And Wear NE34 0QJ2
£42K11/200.26 mi194, Stanhope Road, South Shields, Tyne And Wear NE33 4ST2
£68K05/210.3 mi313, Stanhope Road, South Shields, Tyne And Wear NE33 4SS2
£63K05/220.31 mi13, Cranford Street, South Shields, Tyne And Wear NE34 0QN2
£65K05/210.32 mi58, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£78K06/220.32 mi78, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£100K09/230.33 mi64, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£107K08/230.33 mi92, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£48K11/200.33 mi157, Talbot Road, South Shields, Tyne And Wear NE34 0RG2
£74K11/200.34 mi164, Talbot Road, South Shields, Tyne And Wear NE34 0RF2
£73K01/210.4 mi184, Ashley Road, South Shields, Tyne And Wear NE34 0PQ2
£95K12/230.4 mi23, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£80K03/210.4 mi12, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£90K10/220.4 mi11, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£68K03/210.45 mi12, Thornton Avenue, South Shields, Tyne And Wear NE33 5SZ2
£84.5K06/210.45 mi125, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB2
£65K08/210.48 mi241, Dean Road, South Shields, Tyne And Wear NE33 5LD2
£70K08/210.48 mi386, Dean Road, South Shields, Tyne And Wear NE33 5LL2
£90K03/230.52 mi6, Mackley Close, South Shields, Tyne And Wear NE34 0LJ2
£75K06/210.54 mi92, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA2
£52.5K09/210.55 mi367, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£53K10/230.55 mi387, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£72K06/230.58 mi39, West Park Road, South Shields, Tyne And Wear NE33 4LB2
£82.5K09/230.61 mi12, Clifton Terrace, South Shields, Tyne And Wear NE33 4LD2
£76.5K06/210.61 mi11, Pembroke Terrace, South Shields, Tyne And Wear NE33 4LG2
£90K11/210.62 mi15, Shrewsbury Terrace, South Shields, Tyne And Wear NE33 4LF2
£45K07/210.65 mi91, Collingwood Street, South Shields, Tyne And Wear NE33 4JZ2
£74K06/230.68 mi18, Crondall Street, South Shields, Tyne And Wear NE33 4BL2
£78K06/210.71 mi22, Newbury Street, South Shields, Tyne And Wear NE33 4UE2
£85K05/230.72 mi19, Birchington Avenue, South Shields, Tyne And Wear NE33 4TY2
£73K11/210.75 mi41, Oxford Street, South Shields, Tyne And Wear NE33 4BH2
£95K11/210.75 mi50, Oxford Street, South Shields, Tyne And Wear NE33 4BH2
£53.5K06/230.76 mi129, Alice Street, South Shields, Tyne And Wear NE33 5PG2
£70K02/210.78 mi107, Mortimer Road, South Shields, Tyne And Wear NE33 4UH2
£117K12/230.8 mi64, Warwick Road, South Shields, Tyne And Wear NE34 0SQ2
£108K09/210.8 mi40, Warwick Road, South Shields, Tyne And Wear NE34 0SQ2
£110K09/210.8 mi84, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TJ2
£58.5K07/230.83 mi117, Marlborough Street South, South Shields, Tyne And Wear NE33 4DB2
£82K01/230.83 mi29, High Shields Close, South Shields, Tyne And Wear NE33 5ES2
£55K01/210.86 mi26, Northcote Street, South Shields, Tyne And Wear NE33 4BY2
£56K12/220.86 mi2, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW2
£80.5K01/230.87 mi83, Canterbury Street, South Shields, Tyne And Wear NE33 4DD2

Local Rents

33 rents from £475/mo to £795/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£67002/250.11 mi-2
£65003/250.11 mi-2
£50006/240.13 miWest Harton, South Shields, NE34 0JR2
£62512/230.14 mi-2
£65012/240.15 miLow Lane, South Shields, Tyne And Wear, NE342
£60008/240.19 mi-2
£75003/250.19 mi-2
£65010/230.2 mi-2
£62505/240.2 miGordon Road, South Shields, Tyne and Wear, NE342
£52009/230.2 mi-2
£60004/250.2 mi-2
£65009/230.21 mi-2
£65009/230.21 mi-2
£47512/240.21 mi33 Revesby Street South Shields NE33 4SY2
£60011/230.22 mi-2
£75003/250.25 mi-2
£65006/240.25 miTalbot Road, South Shields, South Tyneside2
£58509/240.26 mi-2
£65006/240.3 miWestcott Road, South Shields2
£52003/240.3 mi-2
£62506/240.33 miAshley Road, South Shields2
£60003/250.33 mi-2
£60012/230.34 mi-2
£79505/240.41 miBluebell Way, South Shields, Tyne and Wear, NE34 0BZ2
£68503/250.43 mi-2
£79505/240.45 miNora Street, South Shields2
£50010/230.46 mi-2
£55005/240.47 mi-2
£59901/250.48 mi-2
£69512/240.54 mi-2
£65004/240.55 mi-2
£77505/240.55 miCollin Drive, South Shields2
£60005/240.59 mi-2

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.81 miles away

Nearest school

0.10 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £45,000

August 27, 2024

Description

  • Superb Investment Opportunity Ready For Personalisation +
  • Sold With No Onward Chain ! +
  • Great Location For Many Local Amenities +
  • Offering Great Potential For A Rental Or Flip Property +
  • Reference : 455013 +
  • The property is Leasehold with a term of 99 Years from 25th November 1983 subject to an annual ground rent of £15. +

INVESTMENT OPPORTUNITY! This two bedroom first floor flat is in need of a full refurbishment, presenting a fantastic opportunity for investors with no onward chain. Located close to Tyne Dock Metro for commuting, South Tyneside Hospital, shops and bus links. The floorplan includes an entrance hallway, first-floor landing, two bedrooms, a lounge, kitchen, and bathroom. Perfect for someone looking to renovate and make it their own. There is 58 years remaining on a 99-year lease from November 1983. Call now to view !
ENTRANCE
Via UPVC door into Hallway.
HALLWAY
Stairs to first floor Landing.
FIRST FLOOR LANDING
Radiator.
LOUNGE 4.29m (14'1) x 3.73m (12'3)
Double glazed window, radiator and storage cupboard.
KITCHEN 2.44m (8'0) x 2.26m (7'5)
Double glazed window, door into Bathroom and space for appliances.
BATHROOM
Panelled bath, pedestal hand wash basin, low flush W.C., double glazed window and radiator.
BEDROOM ONE 4.83m (15'10) x 3.66m (12')
Double glazed window and radiator.
BEDROOM TWO 4.29m (14'1) x 1.83m (6')
Double glazed window.
EXTERNALLY
Private yard to rear.
Tenure
The property is Leasehold with a term of 99 Years from 25th November 1983 subject to an annual ground rent of £15.
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 9 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE33 4RD and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
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
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
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:

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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