3 Bed Terraced House, Single Let, South Shields, NE33 4RG, £85,000

73 Vine Street, South Shields, Tyne & Wear, NE33 4RG - 4 views - 8 months ago

Sold STC
BTL
ROI: 8%
107 m²
+3 photos

ValuationUndervalued

Sold Prices£60.5K - £242K
Sold Prices/m²£877/m² - £2.5K/m²

 

 

Square Metres

107 m²
Price/m²£794/m²

Value Estimate

£103,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£550 - £3,300

Rent Estimate

£559

Running Costs/mo

£397

Cashflow/mo

£162

Cashflow/yr

£1,939

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60.5K to £242K, average is £115K. £877/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£107K07/210.04 mi13, Lemon Street, South Shields, Tyne And Wear NE33 4RQ3
£97.5K02/230.07 mi32, Stoddart Street, South Shields, Tyne And Wear NE34 0JS3
£84K11/230.14 mi18, Alnwick Road, South Shields, Tyne And Wear NE34 0LB3
£78K07/230.14 mi92, Richmond Road, South Shields, Tyne And Wear NE34 0QQ3
£115K10/200.21 mi38, Waverdale Way, South Shields, Tyne And Wear NE33 4SL3
£180K06/230.21 mi11, Waverdale Way, South Shields, Tyne And Wear NE33 4SL3
£114K02/210.25 mi17, Wadham Terrace, South Shields, Tyne And Wear NE34 0BU3
£105K11/210.26 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£144.9K04/240.26 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£60.5K03/240.27 mi81, Egerton Road, South Shields, Tyne And Wear NE34 0RD3
£179.9K07/230.27 mi11, Ashley Road, South Shields, Tyne And Wear NE34 0PD3
£90.4K06/230.27 mi10, Ashley Road, South Shields, Tyne And Wear NE34 0PD3
£171K12/230.27 mi148 - 150, Talbot Road, South Shields, Tyne And Wear NE34 0RG3
£83K12/230.29 mi34, Foss Way, South Shields, Tyne And Wear NE34 0BW3
£95K03/210.3 mi23, Dean Terrace, South Shields, Tyne And Wear NE33 5JY3
£113K10/200.3 mi61, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£139K06/240.3 mi59, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£111K07/230.3 mi63, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£83.5K06/230.31 mi22, Greathead Street, South Shields, Tyne And Wear NE33 5LX3
£125K05/210.32 mi250, Harton Lane, South Shields, Tyne And Wear NE34 0LR3
£130K02/210.33 mi228, Harton Lane, South Shields, Tyne And Wear NE34 0RE3
£115K06/210.33 mi8, Westcott Road, South Shields, Tyne And Wear NE34 0QZ3
£85K11/200.35 mi11, Coverdale Walk, South Shields, Tyne And Wear NE33 5LB3
£87K06/210.35 mi6, Hardyards Court, South Shields, Tyne And Wear NE34 0XL3
£80K11/230.35 mi9, Coxfoot Close, South Shields, Tyne And Wear NE34 0XN3
£142K03/230.36 mi17, Nora Street, South Shields, Tyne And Wear NE34 0RA3
£93.5K12/200.36 mi22, Awnless Court, South Shields, Tyne And Wear NE34 0XR3
£102.5K04/230.36 mi12, Brown Top Place, South Shields, Tyne And Wear NE34 0XP3
£242K06/240.37 mi95, Ashley Road, South Shields, Tyne And Wear NE34 0PQ3
£142.5K09/230.37 mi227, Stanhope Road, South Shields, Tyne And Wear NE33 4RT3
£73.8K07/240.39 mi97, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB3
£190K06/210.41 mi122, Reading Road, South Shields, Tyne And Wear NE33 4SG3
£220K05/230.41 mi124, Reading Road, South Shields, Tyne And Wear NE33 4SG3
£117K09/210.41 mi124, Reading Road, South Shields, Tyne And Wear NE33 4SG3
£105K04/230.42 mi263, Dean Road, South Shields, Tyne And Wear NE33 5LD3
£95K03/230.42 mi2, Eavers Court, South Shields, Tyne And Wear NE34 0XB3
£85K02/210.47 mi5, Eyemouth Court, South Shields, Tyne And Wear NE34 9BX3
£206K08/210.47 mi139, Harton Lane, South Shields, Tyne And Wear NE34 0PW3
£230K08/220.47 mi71, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA3
£137K10/230.48 mi2, Homestall Close, South Shields, Tyne And Wear NE34 0YE3
£120K02/230.49 mi126, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£191K06/230.5 mi14, Bisley Drive, South Shields, Tyne And Wear NE34 0PY3
£135K01/210.5 mi16, Bisley Drive, South Shields, Tyne And Wear NE34 0PY3
£95K06/210.52 mi14, Bedale Court, South Shields, Tyne And Wear NE34 9DA3
£124K03/230.52 mi124, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£120K02/240.54 mi5, Colman Avenue, South Shields, Tyne And Wear NE34 9AB3
£232K02/210.55 mi76, Harton Lane, South Shields, Tyne And Wear NE34 0PP3
£210K07/240.55 mi3, Wantage Street, South Shields, Tyne And Wear NE33 4RY3
£91K09/230.56 mi94, Ravensworth Terrace, South Shields, Tyne And Wear NE33 4JX3
£134.5K11/200.57 mi1, Fraser Close, South Shields, Tyne And Wear NE33 5AT3

Local Rents

25 rents from £550/mo to £3.3K/mo, average is £665/mo.

RentDateDistanceAddressBeds 
£55007/240.03 miStanhope Road, South Shields, Tyne and Wear, NE333
£60006/240.03 miWest Park, South Shields, NE33 4RG3
£60007/240.03 miWest Park, South Shields, NE33 4RG3
£67507/240.03 miVine Street, South Shields3
£80010/240.05 mi-3
£65004/250.05 mi-3
£79506/240.09 miVine Street, South Shields3
£90002/250.11 mi-3
£65004/250.16 mi-3
£60005/240.16 mi-3
£62511/240.17 mi-3
£80006/240.23 miWear Court, South Shields3
£79507/240.25 mi-3
£79506/240.25 miWadham Terrace, South Shields, NE343
£75007/240.25 miWest Harton, South Shields, NE34 0BU3
£75007/240.25 miWest Harton, South Shields, NE34 0BU3
£58502/240.27 mi-3
£55009/230.34 mi-3
£77501/250.37 mi-3
£66503/250.42 mi-3
£59005/240.43 miJohn Williamson Street, South Shields, Tyne And Wear, NE333
£3,30002/250.49 mi-3
£65005/230.5 mi-3
£65005/230.5 mi-3
£69512/240.55 miRavensworth Terrace, South Shields3

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.74 miles away

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £85,000

August 31, 2024

Description

  • POPULAR LOCATION +
  • THREE BEDROOMS +
  • TERRACED HOUSE +
  • NO CHAIN +
  • REFURBISHED THROUGHOUT +
  • IDEAL FOR FIRST TIME BUYERS +
  • GREAT STARTER HOME +
  • PRIVATE YARD +
  • ROLLER SHUTTER +
  • AVAILABLE TO VIEW +

Welcome to this charming terraced house located on Vine Street in the heart of South Shields. This lovely property boasts two reception rooms, ideal for entertaining guests or simply relaxing with your loved ones. With two cosy bedrooms, there's plenty of space for a small family or for those who enjoy having a guest room or home office.

The house features a well-maintained bathroom, perfect for unwinding after a long day. Additionally, the roller shutter to the yard provides both security and privacy, allowing you to enjoy the outdoor space in peace.

Parking is always a premium, but worry not as this property offers parking space for one vehicle, making your daily commute or weekend outings hassle-free.

With three bedrooms in total, this house offers flexibility for your living arrangements, whether you need an extra bedroom or desire a dedicated space for your hobbies.

This property is a great starter home for those looking to step onto the property ladder or for investors seeking a promising opportunity. The best part? It's available now to view, so you can see for yourself the potential this house holds.

Don't miss out on the chance to make this house your home sweet home. Book a viewing today and envision the possibilities that await you at this delightful South Shields property.

Entrance -

Lounge -

Kitchen -

Bedroom One -

Bedroom Two -

Bathroom -

External -

Disclaimer Sales - The particulars on these properties are set out as a general guidance for intended purchasers or tenants, and do not constitute part of an offer or contract. The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. All dimensions, descriptions and distances, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility. Any intending purchasers or tenants should not rely on them as statements of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Measurements have been taken using a laser distance meter and may be subject to a margin of error. For further information see the Consumer Protection from Unfair Trading Regulations.

Agent Details

Carousel Estate Agents, Gateshead

0191 625 1023

Next Steps?

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