3 Bed Flat, Potential PLO/LOA, South Shields, NE33 3BH, £79,000

St. Vincent Street, South Shields, NE33 3BH - 5 months ago

Leasehold
Auction
Negative Equity
ROI: 7%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£40K - £151.8K
Sold Prices/m²£618/m² - £1.6K/m²

 

 

Square Metres

~93 m²
Price/m²£849/m²

Value Estimate

£93,834
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,750

Stamp Duty & Legal Fees

£3,570

Total Cash In

£23,320

 

 

Cash Out

 

Rent Range

£515 - £3,500

Rent Estimate

£510

Running Costs/mo

£369

Cashflow/mo

£141

Cashflow/yr

£1,694

ROI

7%

Gross Yield

8%

Local Sold Prices

38 sold prices from £40K to £151.8K, average is £80K. £618/m² to £1.6K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£75K08/210.05 mi40, Coleridge Avenue, South Shields, Tyne And Wear NE33 3HA3
£90K12/210.05 mi252, St Vincent Street, South Shields, Tyne And Wear NE33 3BH3
£83K02/210.05 mi99, St Vincent Street, South Shields, Tyne And Wear NE33 3AS3
£90K08/230.12 mi63, Osborne Avenue, South Shields, Tyne And Wear NE33 3BX3
£123K06/230.13 mi12, St Vincent Street, South Shields, Tyne And Wear NE33 3AR3
£82.5K11/210.15 mi22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW3
£55K03/210.15 mi22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW3
£58K10/200.16 mi18, Eccleston Road, South Shields, Tyne And Wear NE33 3BS3
£90K08/210.22 mi11, Tadema Road, South Shields, Tyne And Wear NE33 3BG3
£105K03/230.31 mi140, Westoe Road, South Shields, Tyne And Wear NE33 3PF3
£70K02/210.34 mi1, Candlish Street, South Shields, Tyne And Wear NE33 3JW3
£82K06/210.35 mi157, Imeary Street, South Shields, Tyne And Wear NE33 4ES3
£75K01/210.39 mi32, Erskine Road, South Shields, Tyne And Wear NE33 2TH3
£57K12/200.41 mi45, Lyndhurst Street, South Shields, Tyne And Wear NE33 2TA3
£47K09/210.5 mi19, Canterbury Street, South Shields, Tyne And Wear NE33 4DQ3
£92K09/230.51 mi115, Canterbury Street, South Shields, Tyne And Wear NE33 4DD3
£88K07/210.51 mi9, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW3
£65K12/200.52 mi48, Marlborough Street North, South Shields, Tyne And Wear NE33 4DA3
£60K01/210.54 mi24, Northcote Street, South Shields, Tyne And Wear NE33 4BY3
£63K02/230.58 mi22, Hatfield Square, South Shields, Tyne And Wear NE33 2RD3
£55K08/230.62 mi124, Mortimer Road, South Shields, Tyne And Wear NE33 4UQ3
£95K05/230.67 mi1, Garrick Street, South Shields, Tyne And Wear NE33 4JT3
£65K10/230.67 mi186, Western Approach, South Shields, Tyne And Wear NE33 5DP3
£80K08/230.71 mi79, Bewick Street, South Shields, Tyne And Wear NE33 4JU3
£60K06/210.71 mi21, Marshall Wallis Road, South Shields, Tyne And Wear NE33 5PD3
£56K12/200.73 mi92, Collingwood Street, South Shields, Tyne And Wear NE33 4JY3
£87.5K07/230.74 mi18, Armstrong Terrace, South Shields, Tyne And Wear NE33 4LE3
£40K12/200.76 mi150, Eglesfield Road, South Shields, Tyne And Wear NE33 5PX3
£65K02/210.78 mi48, Henry Nelson Street, South Shields, Tyne And Wear NE33 2EZ3
£116K04/230.78 mi37, Roman Road, South Shields, Tyne And Wear NE33 2HA3
£112K09/230.84 mi96, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA3
£88K11/200.84 mi96, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA3
£151.8K08/210.84 mi25a, Lawe Road, South Shields, Tyne And Wear NE33 2EX3
£80K03/210.88 mi27, Fairles Street, South Shields, Tyne And Wear NE33 2ER3
£82K12/200.92 mi14, Julian Street, South Shields, Tyne And Wear NE33 2EP3
£75K11/200.93 mi175, Sunderland Road, South Shields, Tyne And Wear NE34 6AD3
£120K08/230.99 mi94, Roman Road, South Shields, Tyne And Wear NE33 2AP3
£77K04/241 mi74, St Marys Avenue, South Shields, Tyne And Wear NE34 6AG3

Local Rents

29 rents from £515/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£2,50006/240.01 mi-3
£2,35006/240.01 mi-3
£70003/250.05 mi-3
£1,80006/240.09 mi-3
£1,50001/250.09 mi-3
£1,50002/250.09 mi-3
£85012/240.16 miFitzpatrick Place, Tyne And Wear, NE333
£88012/240.16 mi-3
£72505/240.22 mi-3
£77506/240.28 miRobert Street, South Shields3
£57505/240.29 mi-3
£1,80005/240.33 mi-3
£1,80004/240.33 mi-3
£3,50003/250.33 mi-3
£51501/250.34 mi-3
£85012/240.36 mi-3
£62503/250.37 mi-3
£1,40001/250.37 mi-3
£89505/240.39 miErskine Road, South Shields, Tyne and Wear, NE333
£75001/250.42 mi-3
£2,25005/240.47 mi-3
£2,25007/240.47 mi-3
£2,25001/250.47 mi-3
£2,20003/250.47 mi-3
£79505/240.5 mi-3
£87512/240.61 mi-3
£1,80006/240.62 mi-3
£1,50012/240.62 mi-3
£72003/240.62 miGordon Street, South Shields, Tyne And Wear, NE333

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £79,000

-27%

November 8, 2024

Sold for £99,950

2007

Sold for £54,000

2002

Description

  • Great Location Close To A Range Of Amenities +
  • Great Investment Opportunity ! +
  • Sold With Tenant In Situ With A Rent Return Of £6,120PA +
  • Call Now To View ! +
  • Reference : 452540 +

FOR SALE BY WAY OF ONLINE AUCTION - ON 12TH OF DECEMBER - Option 1 - Terms and Conditions apply. See Agents Property Auctions Website for full details.

Up for auction is this upper floor flat on the popular St Vincent Street in South Shields, ideally positioned near the Seafront with easy access to Ocean Beach, amusements, cafes, and parks. Conveniently close to local bus routes and the Town Center for additional shops and amenities, this property is suited for a range of buyers, including investors, with the property being sold with the current tenant in situ who pays £510PCM.

The layout features an entrance hallway with stairs to the first floor, a spacious lounge, kitchen, bathroom, three bedrooms, and a private yard. Call now to arrange a viewing!
ENTRANCE
Via UPVC door into Hallway.
HALLWAY
Stairs to first floor Landing.
FIRST FLOOR LANDING

LOUNGE 4.37m (14'4) x 3.91m (12'10)
Laminate flooring, radiator, double glazed window, cornice to ceiling and door into Kitchen.
KITCHEN 2.41m (7'11) x 2.26m (7'5)
Wall and base units, space for fridge freezer, plumbing for washer, tiling to splash areas, tiling to floor and opening into rear Hallway.
REAR HALLWAY
Radiator, door to rear staircase and door into Bathroom.
BATHROOM
Bath with shower over and shower curtain, pedestal hand wash basin, low flush W.C., double glazed window, tiling to floor, tiling to walls and heated towel rail.
BEDROOM ONE 5.46m (17'11) x 3.96m (13')
Double glazed bay window, laminate flooring, radiator and cornice to ceiling.
BEDROOM TWO 3.35m (11'0) x 2.57m (8'5)
Double glazed window and radiator.
BEDROOM THREE 3.4m (11'2) x 2.36m (7'9)
Double glazed window, fitted wardrobes with overhead storage and radiator.
EXTERNALLY
Private yard to rear.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 13 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE33 3BH and mobile coverage is provided by Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: E

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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