3 Bed Semi-Detached House, Single Let, South Shields, NE34 9LH, £79,950

Masefield Drive South Shields NE34 9LH - 1 views - 8 months ago

Sold STC
BTL
ROI: 11%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£67K - £279.9K
Sold Prices/m²£918/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£99,938
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Total Cash In

£23,586

 

 

Cash Out

 

Rent Range

£550 - £3,300

Rent Estimate

£616

Running Costs/mo

£393

Cashflow/mo

£223

Cashflow/yr

£2,675

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £67K to £279.9K, average is £105K. £918/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£85K07/230.04 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.04 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.04 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£120K02/230.04 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£93K08/210.06 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£85K06/210.08 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£88K06/210.08 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£86K06/210.08 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£90K03/210.09 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£72K09/230.19 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£100K10/210.22 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£105K07/230.22 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£96K02/210.24 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£120K10/230.25 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£220K09/220.27 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£77.5K11/200.29 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.29 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.29 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£155K02/210.3 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.3 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£215K07/230.3 mi6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£210K03/240.3 mi4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£80K05/230.31 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£88K01/210.34 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£186K11/200.36 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£97.5K03/230.39 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£90K12/230.4 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£220K01/220.4 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£165K06/210.41 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£225K04/240.42 mi25, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£225K01/210.42 mi51, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£235K07/220.42 mi65, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£91K04/230.43 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£81K12/220.43 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£140K04/230.46 mi23, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN3
£102.3K12/200.46 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£102K08/230.46 mi2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU3
£98K10/210.47 mi28, Tasmania Road, South Shields, Tyne And Wear NE34 9DX3
£135K08/240.47 mi13, Lanark Drive, Jarrow, Tyne And Wear NE32 4JH3
£279.9K06/220.49 mi10, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£110K12/210.49 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£130K12/230.51 mi150, Inverness Road, Jarrow, Tyne And Wear NE32 4JF3
£123K11/200.51 mi158, Inverness Road, Jarrow, Tyne And Wear NE32 4JF3
£105K11/230.51 mi41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW3
£137.5K10/230.51 mi34, Lanark Drive, Jarrow, Tyne And Wear NE32 4JL3
£225K03/230.52 mi7, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£105K09/210.52 mi128, Perth Avenue, South Shields, Tyne And Wear NE34 9DP3
£138.5K01/240.53 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£137.5K06/240.53 mi3, Oban Street, Jarrow, Tyne And Wear NE32 4HU3
£95K03/210.53 mi11, Oban Street, Jarrow, Tyne And Wear NE32 4HU3

Local Rents

52 rents from £550/mo to £3.3K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£65005/240.13 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.38 mi-3
£81612/240.47 mi-3
£2,35005/240.47 mi-3
£2,35007/240.47 mi-3
£2,35001/250.47 mi-3
£2,20002/250.47 mi-3
£82503/250.47 mi-3
£70012/240.55 miHeaton Gardens, South Shields, NE343
£75005/240.63 mi-3
£75005/240.63 mi-3
£83006/240.64 mi-3
£83005/240.64 miGerald Street, South Shields, NE343
£83006/240.64 miGerald Street, South Shields, NE343
£77511/240.66 mi-3
£79505/240.66 miFenwick Street, Boldon Colliery3
£89511/240.69 mi-3
£72505/240.73 miWhiteleas Way, South Shields3
£90003/250.73 mi-3
£65005/230.73 mi-3
£65005/230.73 mi-3
£75007/230.74 mi-3
£85002/240.76 mi-3
£3,30003/250.76 mi-3
£95002/240.76 mi-3
£82501/250.77 mi-3
£75004/240.8 mi-3
£75006/240.8 mi-3
£85012/240.81 miCopley Avenue, South Shields3
£59509/230.82 mi-3
£59509/230.82 mi-3
£72509/230.83 mi-3
£72509/230.83 mi-3
£77502/250.87 mi-3
£75005/240.88 mi-3
£75005/240.88 mi-3
£65005/240.9 mi-3
£65005/240.9 mi-3
£82507/240.92 miRenoir Gardens, Whiteleas, South Shields, Tyne and Wear, NE34 8HT3
£72505/240.96 miRenoir Gardens, South Shields3
£75007/240.98 miWest Harton, South Shields, NE34 0BU3
£75007/240.98 miWest Harton, South Shields, NE34 0BU3
£1,10012/230.98 mi-3
£58502/240.98 mi-3
£79506/240.99 miWadham Terrace, South Shields, NE343
£79507/240.99 mi-3
£1,20007/240.99 miLawson Court, Boldon Colliery3
£1,25006/241.08 miFront Street, East Boldon3
£80006/241.09 miWear Court, South Shields3
£75004/251.16 mi-3
£89507/241.18 miUsk Avenue, Jarrow3
£55007/241.22 miStanhope Road, South Shields, Tyne and Wear, NE333

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £79,950

August 30, 2024

Floor Plans

Description

* PRICE INCLUDES FITTED FLOOR COVERINGS & WINDOW BLINDS

* GAS CONDENSING COMBINATION BOILER

* IMMEDIATE VACANT POSSESSION AVAILABLE

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

* PRIVATE GARDEN TO REAR

* COUNCIL TAX BAND A

* TENURE: FREEHOLD

* EPC RATING: C

* VIEWING BY APPOINTMENT WITH THE AGENT

An inexpensively priced semi detached house which would make a good family home, yet has been priced to be within reach of a property investor or a first time buyer.  An internal inspection is well recommended.

Masefield Drive lies on a regular bus route to the town centre where a range of shops and facilities may be found.  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, radiator.

_LIVING ROOM
_****5.49m x 3.03m

With bow window overlooking the front garden, two radiators, t.v. aerial point.

_KITCHEN/DINING ROOM
_****5.49m x 3.48m reducing to 2.50m

With a range of fitted wall and floor units with laminated worktops, incorporating an electric oven and gas hob with concealed extractor fan and light above, an inset stainless steel sink unit with mixer tap, part ceramic tiled floor, UPVC framed double glazed door leading to the rear garden, understair storage cupboard.

FIRST FLOOR

LANDING

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

_BEDROOM 1 (FRONT)
_****3.02m x 3.76m

With a range of fitted wardrobes, radiator.

_BEDROOM 2 (FRONT)
_****3.75m x 2.52m

With fitted wardrobe, radiator.

_BEDROOM 3 (REAR)
_****2.11m x 1.69m

With radiator.

BATHROOM

With a white coloured suite including panelled bath with electric shower over, pedestal washbasin, ceramic tiled walls and floor, radiator, vinyl panelled ceiling with spotlights.

W.C.

With matching low level w.c. ceramic tiled walls and floor, vinyl panelled ceiling with spotlights.

OUTSIDE

FRONT

There is an open plan garden with gate leading to the rear garden.

REAR GARDEN

Which has been screen fenced including a shed.

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 💪