3 Bed Terraced House, Single Let, South Shields, NE34 9LU, £115,000

84 Masefield Drive, South Shields, Tyne And Wear, NE34 9LU - 2 views - 5 months ago

Sold STC
BTL
ROI: 4%
74 m²
+13 photos

ValuationOvervalued

Sold Prices£67K - £279.9K
Sold Prices/m²£918/m² - £2.9K/m²

 

 

Square Metres

74 m²
Price/m²£1.6K/m²

Value Estimate

£94,015

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£650 - £2,350

Rent Estimate

£616

Running Costs/mo

£503

Cashflow/mo

£113

Cashflow/yr

£1,361

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £67K to £279.9K, average is £105K. £918/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£85K06/210.04 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£85K07/230.05 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.05 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.05 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£120K02/230.05 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£88K06/210.06 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£90K03/210.09 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£93K08/210.11 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£86K06/210.14 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£220K09/220.23 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£100K10/210.23 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£72K09/230.24 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£155K02/210.25 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.25 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£215K07/230.26 mi6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£210K03/240.26 mi4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£105K07/230.27 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£88K01/210.28 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£120K10/230.3 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£96K02/210.3 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£186K11/200.32 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£77.5K11/200.33 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.33 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.33 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£80K05/230.34 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£220K01/220.35 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£165K06/210.36 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£225K04/240.37 mi25, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£225K01/210.37 mi51, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£235K07/220.37 mi65, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£140K04/230.4 mi23, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN3
£135K08/240.42 mi13, Lanark Drive, Jarrow, Tyne And Wear NE32 4JH3
£102K08/230.42 mi2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU3
£98K10/210.42 mi28, Tasmania Road, South Shields, Tyne And Wear NE34 9DX3
£97.5K03/230.43 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£102.3K12/200.43 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£90K12/230.44 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£279.9K06/220.45 mi10, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£130K12/230.45 mi150, Inverness Road, Jarrow, Tyne And Wear NE32 4JF3
£123K11/200.45 mi158, Inverness Road, Jarrow, Tyne And Wear NE32 4JF3
£137.5K10/230.46 mi34, Lanark Drive, Jarrow, Tyne And Wear NE32 4JL3
£91K04/230.46 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£110K12/210.46 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£105K09/210.47 mi128, Perth Avenue, South Shields, Tyne And Wear NE34 9DP3
£137.5K06/240.48 mi3, Oban Street, Jarrow, Tyne And Wear NE32 4HU3
£95K03/210.48 mi11, Oban Street, Jarrow, Tyne And Wear NE32 4HU3
£225K03/230.48 mi7, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£81K12/220.48 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£105K11/230.48 mi41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW3
£137.5K10/220.53 mi145, Stirling Avenue, Jarrow, Tyne And Wear NE32 4HS3

Local Rents

11 rents from £650/mo to £2.4K/mo, average is £816/mo.

RentDateDistanceAddressBeds 
£65005/240.18 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.41 mi-3
£81612/240.42 mi-3
£2,35005/240.43 mi-3
£2,35007/240.43 mi-3
£2,35001/250.43 mi-3
£2,20002/250.43 mi-3
£82503/250.43 mi-3
£75005/240.58 mi-3
£75005/240.58 mi-3
£70012/240.6 miHeaton Gardens, South Shields, NE343

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £115,000

November 14, 2024

Sold for £40,000

2003

Sold for £21,000

1999

Floor Plans

Description

  • Terraced House +
  • Three Bedrooms +
  • Beautifully Presented +
  • Great Family Home +
  • Pond With Water Feature +
  • Good Location +

Welcome to Masefield Drive, South Shields! Step into this lovely 3-bedroom terraced house that offers the perfect combination of modern comfort, family-friendly spaces, and a great location. With its beautifully presented interiors and charming features, this is truly the dream family home you've been searching for.

The spacious reception room offers plenty of space for relaxation and entertaining, ensuring that you have ample room to create lifelong memories with your loved ones. The stylish décor, and abundant natural light flooding the room create an ambiance that is both welcoming and sophisticated.

Adjacent to the reception room is the fully fitted kitchen, thoughtfully designed to cater to your every culinary need. The appliances, ample storage options, and generous work surfaces make cooking a joyous and hassle-free experience. Enjoy preparing your favourite meals while socializing with friends and family in the dining area.

Venture upstairs to discover the three well-appointed bedrooms, each spacious and filled with natural light. The master bedroom provides a serene retreat, complete with a generous built-in cupboard offering ample storage space. The remaining two bedrooms offer versatility, perfect for accommodating children, guests, or even a home office if desired. The possibilities are endless.

Serenity awaits you outside, with a delightful pond and water feature creating a sense of peace and tranquillity. This is the perfect space to escape the hustle and bustle of daily life.

Situated in a great location, this property offers a multitude of amenities within easy reach. Enjoy the convenience of excellent local schools, shops, and restaurants just a stone's throw away. Take leisurely strolls in the nearby parks or explore the stunning South Shields coastline, knowing that you're just minutes away from these fantastic attractions.

In addition to its exceptional features and excellent location, this home is equipped with gas central heating and double glazing, ensuring your comfort throughout the year. With so much to offer, this property truly is the epitome of a great family home.

Don't miss out on the opportunity to make Masefield Drive your new address. Call now to arrange a viewing and experience the wonders of this beautifully presented 3-bedroom terraced house in South Shields.

Entrance Features: Via composite door, UPVC double glazed window, stairs to first floor, radiator, tiled flooring.

Lounge (5.54 x 3.00) Features: coving to ceiling, UPVC double glazed window, radiator, feature fireplace, UPVC French doors to rear.

Kitchen (5.54 x 3.51) Features: UPVC double glazed window, radiator, range of wall and floor units, oven, hob, extractor hood, plumbing for washing machine, tiled floor, storage cupboard, Belfast sink, UPVC French doors to rear.

First Floor Landing Features: radiator, storage cupboard, access to loft.

Bedroom One (3.74 x 3.01) Features: UPVC double glazed window, radiator, storage cupboard.

Bedroom Two (3.78 x 2.55) Features: UPVC double glazed window, radiator, storage cupboard.

Bedroom Three (2.15 x 1.72) Features: UPVC double glazed window, radiator.

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

Bathroom Features: UPVC double glazed window, panelled bath, pedestal hand wash basin, heated towel rail, overhead shower.

Front External Features: Pedestrianised low maintenance garden.

Rear External Features: decking, pond with water feature.

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 - N/A • Service charge review period - N/A • 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 💪