3 Bed Terraced House, Refurb/BRRR, South Shields, NE34 8JT, £99,995

Rubens Avenue, South Shields, Tyne and Wear, NE34 8JT - 2 views - 7 months ago

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

ValuationFair Value

Sold Prices£77.5K - £230K
Sold Prices/m²£945/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£99,995

 

 

End Value (After Refurb)

£144,085

Uplift in Value

+44%

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

£144,085

Mortgage (After Refinance)

£108,063

Mortgage LTV

75%

Cash Released

£33,067

Cash Left In

£36,106

Equity

£36,021

Rent Range

£695 - £850

Rent Estimate

£769

Running Costs/mo

£624

Cashflow/mo

£145

Cashflow/yr

£1,739

ROI

3%

Gross Yield

9%

Local Sold Prices

47 sold prices from £77.5K to £230K, average is £125K. £945/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£115K12/200.09 mi12, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NA3
£120K05/240.11 mi4, Gainsborough Avenue, South Shields, Tyne And Wear NE34 8NR3
£120K08/240.11 mi95, Gainsborough Avenue, South Shields, Tyne And Wear NE34 8JH3
£108K06/210.14 mi23, Turner Avenue, South Shields, Tyne And Wear NE34 8NT3
£114.5K10/210.14 mi83, Turner Avenue, South Shields, Tyne And Wear NE34 8NT3
£128K08/230.18 mi8, Titian Avenue, South Shields, Tyne And Wear NE34 8SD3
£110K11/210.18 mi80, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NP3
£145K02/210.18 mi40, Nevinson Avenue, South Shields, Tyne And Wear NE34 8NP3
£80K12/200.18 mi7, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£80K12/200.18 mi7, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£126.8K09/210.18 mi95, Copley Avenue, South Shields, Tyne And Wear NE34 8HQ3
£100K06/230.19 mi28, Horton Avenue, South Shields, Tyne And Wear NE34 8NL3
£130K09/210.2 mi74, Whiteleas Way, South Shields, Tyne And Wear NE34 8LH3
£150K07/230.2 mi139, Turner Avenue, South Shields, Tyne And Wear NE34 8JG3
£125K06/230.22 mi121, Moreland Road, South Shields, Tyne And Wear NE34 8NJ3
£127K12/230.26 mi2, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£135K06/230.26 mi1, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£135K06/210.26 mi14, Rodin Avenue, South Shields, Tyne And Wear NE34 8HY3
£155K01/230.28 mi71, Rembrandt Avenue, South Shields, Tyne And Wear NE34 8RZ3
£230K03/230.28 mi3, Sandalwood, South Shields, Tyne And Wear NE34 8UH3
£165K04/210.28 mi13, Sandalwood, South Shields, Tyne And Wear NE34 8UH3
£138.5K01/240.3 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£175K06/210.33 mi67, Caraway Walk, South Shields, Tyne And Wear NE34 8UQ3
£130K02/230.33 mi47, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£150.5K03/240.33 mi57, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£130K10/210.34 mi27, Brodie Close, South Shields, Tyne And Wear NE34 8LB3
£145K07/210.37 mi116, Basil Way, South Shields, Tyne And Wear NE34 8UF3
£90K04/210.39 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.39 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£130K08/230.39 mi183, Heaton Gardens, South Shields, Tyne And Wear NE34 9UA3
£143K03/210.4 mi45, Fennel Grove, South Shields, Tyne And Wear NE34 8TQ3
£130K07/230.4 mi73, Fennel Grove, South Shields, Tyne And Wear NE34 8TQ3
£136.5K08/210.4 mi72, Fennel Grove, South Shields, Tyne And Wear NE34 8TL3
£81K12/220.41 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£115K06/230.43 mi3, Bruce Close, South Shields, Tyne And Wear NE34 8JX3
£222K06/210.44 mi20, Basil Way, South Shields, Tyne And Wear NE34 8UB3
£112.5K09/230.44 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.44 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£128K08/240.44 mi7, Douglas Close, South Shields, Tyne And Wear NE34 8JY3
£90K12/230.45 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£120K09/230.46 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£97.5K03/230.5 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£91K04/230.5 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£77.5K11/200.57 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.57 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.57 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£96K02/210.59 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3

Local Rents

16 rents from £695/mo to £850/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72509/230.14 mi-3
£72509/230.14 mi-3
£85012/240.17 miCopley Avenue, South Shields3
£82501/250.18 mi-3
£72505/240.19 miWhiteleas Way, South Shields3
£75004/240.21 mi-3
£75006/240.21 mi-3
£83005/240.22 miGerald Street, South Shields, NE343
£83006/240.22 miGerald Street, South Shields, NE343
£83006/240.22 mi-3
£75007/230.27 mi-3
£70012/240.3 miHeaton Gardens, South Shields, NE343
£72505/240.31 miRenoir Gardens, South Shields3
£82507/240.32 miRenoir Gardens, Whiteleas, South Shields, Tyne and Wear, NE34 8HT3
£77510/240.46 mi-3
£69511/230.61 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 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 8, 2024

Floor Plans

Description

  • Great Investment Opportunity +
  • No Upward Chain +
  • Spacious Garden Area +
  • Sufficient Storage Throughout +
  • 3 Ample Sized Bedrooms +
  • Freehold +

Great Investment Opportunity Spacious 3 Bedroom House in Rubens Avenue, South Shields

Are you looking for a fantastic investment/renovation opportunity in South Shields? Look no further than this spacious 3 bedroom house located in the sought-after Rubens Avenue. Offering a perfect blend of comfort, convenience, and potential, this property promises great value.

No Upward Chain

One of the biggest advantages of this property is that it comes with no upward chain. This means that there is no need to wait for previous owners to relocate, making the buying process quicker and smoother.

Spacious Garden Area

The house features a generous garden area, providing ample space for outdoor activities, gardening, or relaxing in the sun. The garden can be easily transformed into an oasis of tranquility, perfect for hosting gatherings with family and friends.

Sufficient Storage Throughout

Storage space is never an issue in this property. From the moment you step in, you are greeted with a wealth of practical storage options. The well-designed layout ensures that every inch of the property is utilized efficiently, giving you plenty of room to store all your personal belongings.

3 Ample Sized Bedrooms

The house offers three spacious bedrooms, providing enough space for comfortable living. Whether it's for a growing family or for individuals who require space for a home office or guest room, this property meets a variety of needs.

Freehold Property

This house is a freehold property, providing you with complete ownership without any additional leasehold fees. Owning the freehold grants you more control and flexibility in managing your property.

Convenient Location

Situated in the desirable Rubens Avenue, this property is within easy reach of local amenities, schools, and transport links. South Shields offers a thriving community, beautiful beaches, and a vibrant town center, ensuring you have everything you need at your doorstep.

Don't miss out on this incredible investment opportunity in South Shields! Take advantage of the generous space, no upward chain, and great potential this property offers. Contact us today to arrange a viewing and make this house your home!

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.