3 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE34 8HS, £99,995

Landseer Gardens, South Shields, Tyne and Wear, NE34 8HS - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£80K - £500K
Sold Prices/m²£982/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£99,995

 

 

End Value (After Refurb)

£150,811

Uplift in Value

+51%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,999

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£35,600

Bridging Loan Interest

£2,625

Total Cash In

£69,173

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,811

Mortgage (After Refinance)

£113,108

Mortgage LTV

75%

Cash Released

£38,112

Cash Left In

£31,062

Equity

£37,703

Rent Range

£700 - £1,250

Rent Estimate

£859

Running Costs/mo

£663

Cashflow/mo

£196

Cashflow/yr

£2,351

ROI

3%

Gross Yield

10%

Local Sold Prices

48 sold prices from £80K to £500K, average is £144K. £982/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£135K06/210.02 mi14, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£135K06/230.02 mi1, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£127K12/230.02 mi2, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£150K07/230.07 mi139, Turner Avenue, South Shields, Tyne And Wear NE34 8JG3
£125K06/230.18 mi121, Moreland Road, South Shields, Tyne And Wear NE34 8NJ3
£155K01/230.19 mi71, Rembrandt Avenue, South Shields, Tyne And Wear NE34 8RZ3
£120K08/240.2 mi95, Gainsborough Avenue, South Shields, Tyne And Wear NE34 8JH3
£100K06/230.2 mi28, Horton Avenue, South Shields, Tyne And Wear NE34 8NL3
£108K06/210.22 mi23, Turner Avenue, South Shields, Tyne And Wear NE34 8NT3
£114.5K10/210.22 mi83, Turner Avenue, South Shields, Tyne And Wear NE34 8NT3
£165K04/210.23 mi13, Sandalwood, South Shields, Tyne And Wear NE34 8UH3
£230K03/230.23 mi3, Sandalwood, South Shields, Tyne And Wear NE34 8UH3
£80K12/200.23 mi7, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£80K12/200.23 mi7, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£126.8K09/210.23 mi95, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£175K06/210.24 mi67, Caraway Walk, South Shields, Tyne And Wear NE34 8UQ3
£128K08/230.27 mi8, Titian Avenue, South Shields, Tyne And Wear NE34 8SD3
£130K02/230.31 mi47, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£150.5K03/240.31 mi57, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£145K07/210.32 mi116, Basil Way, South Shields, Tyne And Wear NE34 8UF3
£120K05/240.33 mi4, Gainsborough Avenue, South Shields, Tyne And Wear NE34 8NR3
£115K12/200.36 mi12, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NA3
£222K06/210.36 mi20, Basil Way, South Shields, Tyne And Wear NE34 8UB3
£145K02/210.38 mi40, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NP3
£110K11/210.38 mi80, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NP3
£143K03/210.38 mi45, Fennel Grove, South Shields, Tyne And Wear NE34 8TQ3
£130K07/230.38 mi73, Fennel Grove, South Shields, Tyne And Wear NE34 8TQ3
£130K08/230.4 mi183, Heaton Gardens, South Shields, Tyne And Wear NE34 9UA3
£249.9K02/210.4 mi5, Celtic Crescent, Sunderland, Tyne And Wear SR6 7RZ3
£136.5K08/210.42 mi72, Fennel Grove, South Shields, Tyne And Wear NE34 8TL3
£290K11/230.44 mi37, Burdon Road, Cleadon, Sunderland, Tyne And Wear SR6 7RY3
£280K07/240.46 mi5, Burdon Crescent, Cleadon, Sunderland, Tyne And Wear SR6 7RX3
£130K09/210.47 mi74, Whiteleas Way, South Shields, Tyne And Wear NE34 8LH3
£370K12/220.48 mi19, Burdon Road, Cleadon, Sunderland, Tyne And Wear SR6 7RU3
£138.5K01/240.49 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£189.9K02/210.53 mi24, West Drive, Sunderland, Tyne And Wear SR6 7SL3
£194K02/210.53 mi51, West Drive, Sunderland, Tyne And Wear SR6 7SL3
£230K10/210.53 mi22, West Drive, Sunderland, Tyne And Wear SR6 7SL3
£223K10/230.53 mi79, West Drive, Sunderland, Tyne And Wear SR6 7SL3
£459.5K06/210.57 mi91, Cleadon Lea, Cleadon, Sunderland, Tyne And Wear SR6 7TG3
£310K08/230.6 mi31, North Drive, Sunderland, Tyne And Wear SR6 7SP3
£310K08/230.6 mi31, North Drive, Sunderland, Tyne And Wear SR6 7SP3
£325K01/240.6 mi26, North Drive, Sunderland, Tyne And Wear SR6 7SP3
£500K03/230.6 mi30, Cleadon Lea, Cleadon, Sunderland, Tyne And Wear SR6 7TQ3
£130K10/210.61 mi27, Brodie Close, South Shields, Tyne And Wear NE34 8LB3
£200K11/200.62 mi31, Windsor Drive, Cleadon, Sunderland, Tyne And Wear SR6 7SY3
£220K12/230.62 mi10, Windsor Drive, Cleadon, Sunderland, Tyne And Wear SR6 7SY3
£81K12/220.62 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3

Local Rents

17 rents from £700/mo to £1.3K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£72505/240.05 miRenoir Gardens, South Shields3
£82507/240.1 miRenoir Gardens, Whiteleas, South Shields, Tyne and Wear, NE34 8HT3
£72509/230.16 mi-3
£72509/230.16 mi-3
£85012/240.17 miCopley Avenue, South Shields3
£82501/250.2 mi-3
£75007/230.24 mi-3
£70012/240.43 miHeaton Gardens, South Shields, NE343
£83005/240.46 miGerald Street, South Shields, NE343
£83006/240.46 miGerald Street, South Shields, NE343
£83006/240.46 mi-3
£72505/240.47 miWhiteleas Way, South Shields3
£75004/240.48 mi-3
£75006/240.48 mi-3
£1,15009/240.49 mi-3
£1,20009/240.51 mi-3
£1,25008/230.6 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £99,995

October 4, 2024

Floor Plans

Description

  • Perfect Investment Opportunity +
  • No Upward Chain +
  • 3 Bedroom Semi Detached +
  • Ample Sized Living and Kitchen Area +
  • Driveway to the Front +

This 3-bedroom semi-detached home, located in the popular area of Landseer Gardens, presents an excellent investment opportunity. Properties in this neighborhood have a strong track record of selling quickly once renovated, making this an ideal project for those looking to add value.

Upon entering, you'll find a spacious living room to your right, perfect for creating a comfortable family space. On the left, there is an equally sized kitchen area, offering ample room for a modern redesign, there is french doors to the back of the kitchen which leads out into the back garden.

Upstairs, the property features a shower room and a separate toilet. The two larger bedrooms are generously sized with plenty of built-in storage, comfortably accommodating double beds. The third bedroom is perfect as a single room, with additional storage space available.

While this property does require work throughout, its potential and location make it a promising investment. If you're looking to create your perfect home or a lucrative renovation project, this is an opportunity not to be missed.

To arrange a viewing or for more information, please call our office on or email .

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

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