3 Bed Flat, Single Let, South Shields, NE33 2TA, £89,995

Lyndhurst Street, South Shields, NE33 2TA - 3 views - 5 months ago

Leasehold

BTL

ROI: 12%

~93 m²

+22 photos

ValuationUndervalued

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

Square Metres	~93 m²
Price/m²	£968/m²
Value Estimate	£93,834£93,834
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,499£22,499
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,399£26,399

Cash Out
Rent Range	£515 - £3,500£515 - £3,500
Rent Estimate	£714
Running Costs/mo	£444£444
Cashflow/mo	£270£270
Cashflow/yr	£3,240£3,240
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

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

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£57K	12/20	0.02 mi	45, Lyndhurst Street, South Shields, Tyne And Wear NE33 2TA	-	-	3	Flat
£70K	02/21	0.09 mi	1, Candlish Street, South Shields, Tyne And Wear NE33 3JW	£864	81	3	Flat
£75K	01/21	0.09 mi	32, Erskine Road, South Shields, Tyne And Wear NE33 2TH	£1,119	67	3	Flat
£63K	02/23	0.18 mi	22, Hatfield Square, South Shields, Tyne And Wear NE33 2RD	-	-	3	Flat
£90K	08/23	0.31 mi	63, Osborne Avenue, South Shields, Tyne And Wear NE33 3BX	£1,153	78	3	Flat
£105K	03/23	0.36 mi	140, Westoe Road, South Shields, Tyne And Wear NE33 3PF	£1,010	104	3	Flat
£82K	06/21	0.38 mi	157, Imeary Street, South Shields, Tyne And Wear NE33 4ES	£1,242	66	3	Flat
£58K	10/20	0.39 mi	18, Eccleston Road, South Shields, Tyne And Wear NE33 3BS	£935	62	3	Flat
£116K	04/23	0.4 mi	37, Roman Road, South Shields, Tyne And Wear NE33 2HA	£1,646	70	3	Flat
£83K	02/21	0.4 mi	99, St Vincent Street, South Shields, Tyne And Wear NE33 3AS	£1,153	72	3	Flat
£123K	06/23	0.41 mi	12, St Vincent Street, South Shields, Tyne And Wear NE33 3AR	£1,268	97	3	Flat
£65K	02/21	0.41 mi	48, Henry Nelson Street, South Shields, Tyne And Wear NE33 2EZ	£942	69	3	Flat
£75K	08/21	0.43 mi	40, Coleridge Avenue, South Shields, Tyne And Wear NE33 3HA	£1,103	68	3	Flat
£90K	12/21	0.44 mi	252, St Vincent Street, South Shields, Tyne And Wear NE33 3BH	£1,111	81	3	Flat
£82.5K	11/21	0.47 mi	22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW	£1,213	68	3	Flat
£55K	03/21	0.47 mi	22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW	£809	68	3	Flat
£151.8K	08/21	0.48 mi	25a, Lawe Road, South Shields, Tyne And Wear NE33 2EX	-	-	3	Flat
£80K	03/21	0.48 mi	27, Fairles Street, South Shields, Tyne And Wear NE33 2ER	£988	81	3	Flat
£90K	08/21	0.5 mi	11, Tadema Road, South Shields, Tyne And Wear NE33 3BG	-	-	3	Flat
£65K	10/23	0.5 mi	186, Western Approach, South Shields, Tyne And Wear NE33 5DP	£756	86	3	Flat
£82K	12/20	0.52 mi	14, Julian Street, South Shields, Tyne And Wear NE33 2EP	£1,206	68	3	Flat
£120K	08/23	0.6 mi	94, Roman Road, South Shields, Tyne And Wear NE33 2AP	£1,008	119	3	Flat
£60K	01/21	0.65 mi	24, Northcote Street, South Shields, Tyne And Wear NE33 4BY	-	-	3	Flat
£47K	09/21	0.68 mi	19, Canterbury Street, South Shields, Tyne And Wear NE33 4DQ	-	-	3	Flat
£65K	12/20	0.69 mi	48, Marlborough Street North, South Shields, Tyne And Wear NE33 4DA	£942	69	3	Flat
£60K	06/21	0.69 mi	21, Marshall Wallis Road, South Shields, Tyne And Wear NE33 5PD	£822	73	3	Flat
£65K	05/21	0.73 mi	16, River Drive, South Shields, Tyne And Wear NE33 1TL	-	-	3	Flat
£92K	09/23	0.73 mi	115, Canterbury Street, South Shields, Tyne And Wear NE33 4DD	£1,108	83	3	Flat
£88K	07/21	0.76 mi	9, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW	£1,073	82	3	Flat
£95K	05/23	0.79 mi	1, Garrick Street, South Shields, Tyne And Wear NE33 4JT	£1,381	69	3	Flat
£40K	12/20	0.8 mi	150, Eglesfield Road, South Shields, Tyne And Wear NE33 5PX	£678	59	3	Flat
£80K	08/23	0.83 mi	79, Bewick Street, South Shields, Tyne And Wear NE33 4JU	-	-	3	Flat
£55K	08/23	0.85 mi	124, Mortimer Road, South Shields, Tyne And Wear NE33 4UQ	£618	89	3	Flat
£56K	12/20	0.85 mi	92, Collingwood Street, South Shields, Tyne And Wear NE33 4JY	£824	68	3	Flat
£87.5K	07/23	0.88 mi	18, Armstrong Terrace, South Shields, Tyne And Wear NE33 4LE	-	-	3	Flat

Local Rents

26 rents from £515/mo to £3.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£750	01/25	0.02 mi	-	3	Flat
£895	05/24	0.05 mi	Erskine Road, South Shields, Tyne and Wear, NE33	3	Flat
£625	03/25	0.11 mi	-	3	Flat
£2,250	05/24	0.12 mi	-	3	Semi-Detached House
£2,250	07/24	0.12 mi	-	3	Semi-Detached House
£2,250	01/25	0.12 mi	-	3	Semi-Detached House
£2,200	04/25	0.12 mi	-	3	Semi-Detached House
£515	01/25	0.12 mi	-	3	Flat
£850	12/24	0.22 mi	-	3	Terraced House
£575	05/24	0.26 mi	-	3	Flat
£775	06/24	0.28 mi	Robert Street, South Shields	3	Terraced House
£880	12/24	0.29 mi	-	3	Semi-Detached House
£850	12/24	0.29 mi	Fitzpatrick Place, Tyne And Wear, NE33	3	Semi-Detached House
£695	06/24	0.31 mi	-	3	Flat
£695	06/24	0.31 mi	-	3	Flat
£725	05/24	0.34 mi	-	3	Flat
£1,800	06/24	0.35 mi	-	3	Flat
£1,500	01/25	0.35 mi	-	3	Flat
£1,500	03/25	0.35 mi	-	3	Flat
£700	03/25	0.4 mi	-	3	Flat
£2,500	06/24	0.42 mi	-	3	Terraced House
£2,350	06/24	0.42 mi	-	3	Terraced House
£1,800	02/25	0.47 mi	-	3	Semi-Detached House
£1,800	05/24	0.55 mi	-	3	Terraced House
£1,800	04/24	0.55 mi	-	3	Terraced House
£3,500	03/25	0.55 mi	-	3	Flat

Local Area Statistics

Population in NE33	27,26227,262
Population in South Shields	79,43279,432
Town centre distance	0.92 miles away0.92 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £89,995

November 25, 2024

Floor Plans

Description

Three bedrooms +
Westoe location +
Private yard to rear +
Walking distance to beach +
Upper Flat +
Council Tax A +
99 Years Lease +
Recently Decorated Throughout +
Ideal Purchase For First Time Buyer +
Viewing Recommended +

Charming 3-Bedroom Upper Flat in Popular Westoe – Walking Distance to Beach and Town Centre

This delightful 3-bedroom upper flat is situated in the highly sought-after area of Westoe, offering a fantastic location just a short stroll from the beach and only a 5-minute walk to the town centre. Ideal for first-time buyers or as a rental investment, this property provides the perfect canvas for new owners to add their own personal touch.

The spacious master bedroom, located at the front of the flat, boasts a beautiful bay window that floods the room with natural light. Also situated at the front is a smaller second bedroom, ideal for use as a guest room, nursery, or home office. The third bedroom is located at the rear of the property, providing a quiet retreat.

The generous-sized sitting room features a charming fireplace, creating a cozy focal point for the space. The fitted kitchen comes with ample storage units and benefits from a unique layout, with stairs leading down to a private yard – a perfect outdoor space for relaxation or entertaining.

The bathroom is fitted with a shower over the bath, offering both convenience and comfort.

This property presents an excellent opportunity for those looking to move in and make it their own. Don’t miss out on this versatile and well-located home, ideal for enjoying everything Westoe and South Shields have to offer!

Some photos have been staged to show what the property could look like

Tenure Leasehold 99 Years

Local Authority South Tyneside Council Tax Band: A Annual Price: £1,465 Conservation Area No Flood Risk No Risk Floor Area 731 ft 2 / 68 m 2 Plot size 0.03 acres Mobile coverage

EE Vodafone Three O2 Broadband

Basic 20 Mbps Ultrafast 1000 Mbps Satellite / Fibre TV Availability

BT Sky Virgin

Living Room 11'10" x 16'3" Bedroom 1 11'10" x 16'4" Bedroom 2 7'5" x 11'1" Bedroom 3 7'5" x 10'1" Kitchen 6'3" x 11'9" Bathroom 5'6" x 6'2"

The above information serves as a guide for prospective buyers interested in the property, providing information based on the seller's knowledge. ' Some photos have been staged to show you what the property could look like

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

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

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