3 Bed Semi-Detached House, Single Let, South Shields, NE34 9LG, £125,000

Masefield Drive, South Shields, Tyne and Wear, NE34 9LG - 3 views - 6 months ago

Sold STC
BTL
ROI: 5%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£67K - £235K
Sold Prices/m²£918/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£128,395
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£650 - £2,350

Rent Estimate

£698

Running Costs/mo

£550

Cashflow/mo

£148

Cashflow/yr

£1,773

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £67K to £235K, average is £114.8K. £918/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£86K06/210.08 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£93K08/210.1 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£72K09/230.12 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£96K02/210.13 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£105K07/230.16 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£120K02/230.17 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£85K07/230.18 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.18 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.18 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£120K10/230.2 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£90K03/210.2 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£88K06/210.22 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£85K06/210.22 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£77.5K11/200.24 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.24 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.24 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K10/210.27 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£80K05/230.29 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£90K12/230.31 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£97.5K03/230.33 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£81K12/220.34 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£91K04/230.38 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£220K09/220.4 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£138.5K01/240.41 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£215K07/230.44 mi6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£210K03/240.44 mi4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£155K02/210.45 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.45 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£130K08/230.45 mi183, Heaton Gardens, South Shields, Tyne And Wear NE34 9UA3
£88K01/210.48 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£186K11/200.49 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£90K04/210.49 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.49 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£112.5K09/230.49 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.49 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£220K01/220.53 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£150.5K03/240.54 mi57, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£130K02/230.54 mi47, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£165K06/210.54 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£225K04/240.54 mi25, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£225K01/210.54 mi51, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£235K07/220.54 mi65, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£128K08/230.57 mi8, Titian Avenue, South Shields, Tyne And Wear NE34 8SD3
£155K09/210.58 mi12, Reay Crescent, Boldon Colliery, Tyne And Wear NE35 9EB3
£170K05/240.58 mi2, Brooke Avenue, Boldon Colliery, Tyne And Wear NE35 9ED3
£155K09/210.58 mi12, Reay Crescent, Boldon Colliery, Tyne And Wear NE35 9EB3
£110K12/210.58 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£102.3K12/200.58 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£120K09/230.58 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£178K02/220.58 mi3, Burnside Close, Boldon Colliery, Tyne And Wear NE35 9BU3

Local Rents

15 rents from £650/mo to £2.4K/mo, average is £830/mo.

RentDateDistanceAddressBeds 
£65005/240.1 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.37 mi-3
£70012/240.41 miHeaton Gardens, South Shields, NE343
£83006/240.53 mi-3
£83005/240.53 miGerald Street, South Shields, NE343
£83006/240.53 miGerald Street, South Shields, NE343
£2,35005/240.59 mi-3
£2,35007/240.59 mi-3
£2,35001/250.59 mi-3
£2,20002/250.59 mi-3
£89511/240.59 mi-3
£82503/250.59 mi-3
£75007/230.6 mi-3
£81612/240.6 mi-3
£77510/240.61 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

November 2, 2024

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Modern Kitchen +
  • No Upper Chain +
  • Great Family Home +
  • Good Location +

.The spacious living room provides the ideal space for relaxation and entertainment. Natural light floods through the large windows, creating a warm and inviting ambiance.

The modern kitchen is a chef's dream, featuring sleek countertops, ample storage space, and state-of-the-art appliances. There is also room for a dining table for lovely family meals.

Upstairs, you'll discover three well-appointed bedrooms, offering plenty of space for the whole family to unwind and find their own personal retreat. The shower room is fitted with an overhead shower, pedestal wash basin and low level WC.

Externally to the front is a lawned garden. To the rear lies a private lawned garden with patio area.

Close to local amenities, including shops, restaurants, and schools, convenience is at your doorstep. Enjoy leisurely walks in nearby parks, take advantage of the excellent transport links that provide easy access to the town centre.

Don't miss out on this opportunity to secure a family home. Contact us today for a viewing!

Conservatory Features: via UPVC doubled glazed door radiator, tiled floor.

Hallway Features: coving to ceiling, radiator, UPVC double glazed window, stairs to first floor.

WC Features: UPVC double glazed window, radiator, low level WC.

Lounge Features: coving to ceiling, UPVC double glazed bow window, radiator, feature fireplace.

Kitchen Features: UPVC double glazed window, radiator, range of wall and floor units, oven, hob, extractor hood, plumbing for washing machine, sink with mixer tap and drainer, splash back tiles, spotlights to ceiling, storage cupboard, UPVC French doors to rear.

First Floor Landing Features: coving to ceiling, radiator.

Bedroom One Features: UPVC double glazed window, radiator, coving to ceiling.

Bedroom Two Features: UPVC double glazed window, radiator, storage cupboard, access to loft.

Bedroom Three Features: UPVC double glazed window, radiator.

Shower Room Features: UPVC double glazed window, low level WC, pedestal hand wash basin, heated towel rail, overhead shower.

Front External Features: lawn.

Rear External Features: patio, lawn.

Material Information • Tenure- Freehold • Length of lease- N/A • Annual ground rent amount- N/A • Ground rent review period- N/A • Annual service charge amount- TBA • Service charge review period- TBA • Council tax band – A • EPC - TBC

Agent Details

Chase Holmes, South Shields

0191 625 0156

Next Steps?

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