2 Bed Flat, Potential PLO/LOA, South Shields, NE33 4AZ, £65,000

145 Dean Road, South Shields, Tyne And Wear, NE33 4AZ - 2 views - 5 months ago

Leasehold
Negative Equity
ROI: 12%
77 m²
+3 photos

ValuationUndervalued











Cashflows



































Property History

Listed for £65,000

-15%

November 14, 2024

Sold for £74,950

2005

Sold for £26,500

1999

Floor Plans

Description

  • GENEROUS TWO-BEDROOM LAYOUT, LARGER THAN TYPICAL PROPERTIES IN THE AREA +
  • GAS CENTRAL HEATING AND DOUBLE GLAZING THROUGHOUT +
  • CLOSE PROXIMITY TO METRO STATION, MARINE COLLEGE, AND LOCAL SHOPS +
  • COUNCIL TAX BAND - A +
  • LEASEHOLD - 965 YEARS REMAINING +
  • NO PARKING +
  • EPC RATING - C +

This larger than average two-bedroom lower flat on Dean Road presents an excellent investment opportunity for those seeking a property with potential for improvement. While the flat benefits from gas central heating and double glazing, it would benefit from further updating to maximize rental yield or resale value, making it an ideal project for investors looking to add value.

Entering through a composite door, the hallway provides access to the main bedroom and the living room, with the second bedroom also accessible off the living room. The kitchen is located to the rear and leads to the bathroom.

Located close to local amenities, the Metro system, and Marine College, this flat offers convenience for future tenants. With no upper chain, this property is ready for a swift transaction, making it an attractive choice for investors eager to secure a property in a popular location.

Early viewing is advised to fully appreciate the layout and potential of this investment property.

Agent Details

Martin & Co, Sunderland

0191 625 0924

Next Steps?

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