2 Bed Bungalow, Single Let, North Shields, NE30 3AZ, £299,950

Solway Avenue, Marden, North Shields, NE30 3AZ - 5 months ago

Under Offer
BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£150K - £423K
Sold Prices/m²£1.3K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£215,489

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£18,695

Total Cash In

£93,683

 

 

Cash Out

 

Rent Range

£740 - £1,150

Rent Estimate

£747

Running Costs/mo

£1,107

Cashflow/mo

£-360

Cashflow/yr

£-4,317

Gross Yield

3%

Local Sold Prices

50 sold prices from £150K to £423K, average is £267.5K. £1.3K/m² to £5.3K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£275.3K11/200.04 mi33, Solway Avenue, North Shields, Tyne And Wear NE30 3AZ2
£270K06/210.08 mi48, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BD2
£200K08/210.12 mi70, Hartington Road, North Shields, Tyne And Wear NE30 3SF2
£189K10/200.12 mi68, Hartington Road, North Shields, Tyne And Wear NE30 3SF2
£230K05/230.12 mi54, Hartington Road, North Shields, Tyne And Wear NE30 3SF2
£230K10/230.12 mi64, Hartington Road, North Shields, Tyne And Wear NE30 3SF2
£210K11/230.12 mi86, Hartington Road, North Shields, Tyne And Wear NE30 3SF2
£400K06/230.12 mi19, Fairfield Drive, North Shields, Tyne And Wear NE30 3AF2
£350K10/230.12 mi28, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£250K10/200.12 mi32, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£245K11/200.12 mi39, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£280K08/230.12 mi10, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£330K04/230.12 mi3, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£355K01/230.13 mi15, Kirkstone Avenue, North Shields, Tyne And Wear NE30 3BG2
£169K03/210.15 mi10, Solway Avenue, North Shields, Tyne And Wear NE30 3AY2
£230K03/230.17 mi38, Hartington Road, North Shields, Tyne And Wear NE30 3SE2
£357.5K12/230.18 mi4, Fairfield Drive, North Shields, Tyne And Wear NE30 3AE2
£280K07/230.18 mi1a, Fairfield Drive, North Shields, Tyne And Wear NE30 3AE2
£370K01/230.18 mi3, Thursby Avenue, North Shields, Tyne And Wear NE30 3AB2
£225K11/220.18 mi4, Kirklinton Road, North Shields, Tyne And Wear NE30 3AX2
£280K01/210.19 mi15, Beresford Road, North Shields, Tyne And Wear NE30 3JQ2
£365K08/230.19 mi25, Beresford Road, North Shields, Tyne And Wear NE30 3JQ2
£177.5K04/210.19 mi4, Rothley Gardens, North Shields, Tyne And Wear NE30 3SG2
£191K02/210.2 mi29, Wallington Avenue, North Shields, Tyne And Wear NE30 3SH2
£190K07/230.2 mi39, Wallington Avenue, North Shields, Tyne And Wear NE30 3SH2
£155K05/210.2 mi34, Wallington Avenue, North Shields, Tyne And Wear NE30 3SH2
£150K06/230.2 mi3, Wallington Avenue, North Shields, Tyne And Wear NE30 3SH2
£285K10/230.2 mi10, Highcross Road, North Shields, Tyne And Wear NE30 3JG2
£286K10/210.22 mi22, Sandfield Road, North Shields, Tyne And Wear NE30 3LY2
£375K04/230.22 mi24, Sandfield Road, North Shields, Tyne And Wear NE30 3LY2
£329K10/230.22 mi8, Sandfield Road, North Shields, Tyne And Wear NE30 3LY2
£192.5K03/230.23 mi27, Ennerdale Road, North Shields, Tyne And Wear NE30 3BJ2
£325K10/230.26 mi42, Beresford Road, North Shields, Tyne And Wear NE30 3JB2
£250K10/220.26 mi47, Beresford Road, North Shields, Tyne And Wear NE30 3JB2
£275K12/220.26 mi46, Beresford Road, North Shields, Tyne And Wear NE30 3JB2
£180K09/230.26 mi27, Penrith Avenue, North Shields, Tyne And Wear NE30 3UH2
£328K08/210.26 mi17, Lorton Avenue, North Shields, Tyne And Wear NE30 3UR2
£287.5K06/230.27 mi7, Braeside Close, North Shields, Tyne And Wear NE30 3JF2
£265K08/210.28 mi162, Hartington Road, North Shields, Tyne And Wear NE30 3PP2
£423K12/230.28 mi42, Shaftesbury Crescent, North Shields, Tyne And Wear NE30 3LS2
£315K01/210.28 mi5, Broadway Close, North Shields, Tyne And Wear NE30 3LN2
£231K09/210.29 mi13, Bavington Gardens, North Shields, Tyne And Wear NE30 3QD2
£240K03/210.29 mi98, Farringdon Road, North Shields, Tyne And Wear NE30 3HA2
£188.5K02/210.29 mi10, Hambledon Avenue, North Shields, Tyne And Wear NE30 3HT2
£285K06/210.29 mi26, Hambledon Avenue, North Shields, Tyne And Wear NE30 3HT2
£265K03/210.29 mi4, Broadway Close, North Shields, Tyne And Wear NE30 3LN2
£277.3K06/210.3 mi20, Hampton Road, North Shields, Tyne And Wear NE30 3HP2
£225K03/210.31 mi43, Thirlmere Avenue, North Shields, Tyne And Wear NE30 3UN2
£320K03/220.31 mi39, Thirlmere Avenue, North Shields, Tyne And Wear NE30 3UN2
£182K12/200.32 mi6, Farlam Avenue, North Shields, Tyne And Wear NE30 3PW2

Local Rents

10 rents from £740/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85005/240.17 miFarringdon Road, Marden Estate, North Shields2
£1,15004/240.38 mi-2
£1,15005/240.38 miBeach Croft Avenue, North Shields, NE302
£97505/240.4 miLinks Road, North Shields2
£74008/240.5 mi-2
£74007/240.5 miMarden Road South, Whitley Bay, NE252
£90008/240.5 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£1,10007/240.51 miBeverley Terrace, Cullercoats2
£82508/240.52 mi-2
£79506/240.59 mi-2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

1.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £299,950

January 31, 2025

Listed for £320,000

October 22, 2024

Floor Plans

Description

WELL SITUATED 2 BEDROOMED DOUBLE-FRONTED SEMI-DETACHED BUNGALOW.

This property has been priced to take into account the updating & modernising required

Gas central heating (combi. boiler) & rear garden measuring approximately 30ft long x 37ft wide (9.14m x 11.28m).

On the ground floor only:  Lobby, Hall, Lounge, separate Dining room, 2 Bedrooms (one with fitted wardrobes), Bathroom, separate WC, Kitchen with door to garage. Externally: Garage & Gardens - the rear measures approximately 30ft long x 37ft wide (9.14m x 11.28m).

Solway Avenue is located in a highly regarded residential area within walking distance of the beach & sea front, relatively close to local amenities including a Sainsbury’s local store and a Morrison’s supermarket, convenient for local bus services which provide access to Whitley Bay Town Centre, Tynemouth Village and the surrounding coastal area. Cullercoats Metro station is a short walk away, allowing easy access to Newcastle city centre and the airport.

ON THE GROUND FLOOR ONLY:

**LOBBY **

HALL meter cupboard, fitted cloaks cupboard & 2 radiators.

LOUNGE  14' 3" x 14' 9" (4.34m x 4.50m) including uPVC double glazed bay window, tiled fireplace & 2 radiators.

SEPARATE DINING ROOM 10' 10" x 12' 11" (3.30m x 3.94m) radiator & double glazed aluminium door to rear garden.

2 BEDROOMS

No. 1 15' 1" (4.60m) including uPVC double glazed bay window x 12' 10" (3.91m) including fitted wardrobes along 1 wall & 2 radiators.

No. 2 9' 11" x 13' 2" (3.02m x 4.01m) radiator.

BATHROOM bath, pedestal washbasin and radiator.

SEPARATE WC  low level WC.

KITCHEN  7' 2" x 11' 10" (2.18m x 3.61m) sink, radiator, 'Main' combi. boiler, uPVC double glazed window and door to garage.

EXTERNALLY:

**GARAGE  **7' 10" (2.39m) widening to 9' 10" at the rear (3.00m) x 17' 2" (5.23m) with door to rear garden.

GARDENS  the front has a dwarf wall, the rear garden measures approximately 30ft long x 37ft wide (9.14m x 11.28m).

TENURE: Freehold. Council Tax Band: C

Agent Details

J.G Sawyers & Sons, WHITLEY BAY

0191 625 0110

Next Steps?

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