5 Bed Terraced House, Planning Permission, South Shields, NE33 2SA, £225,000

62 Beach Road, South Shields, Tyne And Wear, NE33 2SA - 1 views - 4 months ago

Auction
Planning
ROI: 3%
170 m²
+7 photos

ValuationUndervalued

Sold Prices£101K - £976.3K
Sold Prices/m²£682/m² - £5K/m²

 

 

Square Metres

170 m²
Price/m²£1.3K/m²

Value Estimate

£247,200
BMV3%

 

 

End Value (After Refurb)

£225,650

Uplift in Value

+-6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£64,894

Bridging Loan Interest

£5,906

Total Cash In

£137,200

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,650

Mortgage (After Refinance)

£169,238

Mortgage LTV

75%

Cash Released

£488

Cash Left In

£136,713

Equity

£56,413

Rent Range

£515 - £3,500

Rent Estimate

£1,344

Running Costs/mo

£994

Cashflow/mo

£350

Cashflow/yr

£4,201

ROI

3%

Gross Yield

7%

Local Sold Prices

47 sold prices from £101K to £976.3K, average is £361.5K. £682/m² to £5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£220K11/200.16 mi118, Broughton Road, South Shields, Tyne And Wear NE33 2RU5
£215K11/200.28 mi29, Sea View Terrace, South Shields, Tyne And Wear NE33 2NW5
£215K08/210.38 mi21, Mowbray Road, South Shields, Tyne And Wear NE33 3DH5
£101K11/230.39 mi45, George Scott Street, South Shields, Tyne And Wear NE33 2JR5
£280K07/240.4 mi60, Mowbray Road, South Shields, Tyne And Wear NE33 3AX5
£250K09/230.43 mi168, Westoe Road, South Shields, Tyne And Wear NE33 3PH5
£225K05/210.48 mi10, St Michaels Avenue, South Shields, Tyne And Wear NE33 3AN5
£422K03/230.51 mi33, Lawe Road, South Shields, Tyne And Wear NE33 2EU5
£222K05/230.53 mi11, Horsley Hill Road, South Shields, Tyne And Wear NE33 3ET5
£675K03/220.57 mi16, Westoe Village, South Shields, Tyne And Wear NE33 3EB5
£382.5K12/200.67 mi53, St Georges Avenue, South Shields, Tyne And Wear NE33 3EH5
£280K11/230.67 mi28, Sunderland Road, South Shields, Tyne And Wear NE33 4UR5
£162.5K08/150.89 mi26, Southfield Road, South Shields, Tyne And Wear NE34 6HJ-
£325K10/210.93 mi6, Atkinson Gardens, North Shields, Tyne And Wear NE29 6YJ5
£222.5K02/210.96 mi20, Palmerston Street, South Shields, Tyne And Wear NE33 5LT5
£340K06/210.99 mi1, King George Road, South Shields, Tyne And Wear NE34 0SP5
£295K11/231.04 mi157, Stanhope Road, South Shields, Tyne And Wear NE33 4RU5
£131K12/201.23 mi34, Waterville Road, North Shields, Tyne And Wear NE29 6SL5
£265K11/201.31 mi5, Lovaine Place, North Shields, Tyne And Wear NE29 0BW5
£312.5K04/211.32 mi96, Tynemouth Road, North Shields, Tyne And Wear NE30 1EF5
£420K01/211.38 mi12, Linskill Terrace, North Shields, Tyne And Wear NE30 2EJ5
£436K03/211.4 mi13, Washington Terrace, North Shields, Tyne And Wear NE30 2HE5
£475K05/231.4 mi15, Washington Terrace, North Shields, Tyne And Wear NE30 2HE5
£515K04/231.4 mi14 - 15, Washington Terrace, North Shields, Tyne And Wear NE30 2HE5
£346.6K10/201.41 mi52, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF5
£455K11/201.42 mi17, Linskill Terrace, North Shields, Tyne And Wear NE30 2EL5
£440K10/231.44 mi151, King George Road, South Shields, Tyne And Wear NE34 0EU5
£325K06/211.44 mi52, Jackson Street, North Shields, Tyne And Wear NE30 2HY5
£380K06/231.45 mi20, Spring Terrace, North Shields, Tyne And Wear NE29 0HQ5
£274K06/211.49 mi7, Spring Gardens Court, North Shields, Tyne And Wear NE29 0AN5
£420K03/231.51 mi62, Park Crescent, North Shields, Tyne And Wear NE30 2HL5
£450K03/231.51 mi105, Park Crescent, North Shields, Tyne And Wear NE30 2HL5
£475K04/231.54 mi62, Linskill Terrace, North Shields, Tyne And Wear NE30 2EP5
£361.5K08/221.54 mi25, Waterloo Place, North Shields, Tyne And Wear NE29 0NA5
£425K06/211.57 mi19, Denwick Terrace, North Shields, Tyne And Wear NE30 2SG5
£450K05/211.59 mi17, Albury Park Road, North Shields, Tyne And Wear NE30 2SH5
£600K12/221.59 mi29, Albury Park Road, North Shields, Tyne And Wear NE30 2SH5
£400K03/211.68 mi66, Cleveland Road, North Shields, Tyne And Wear NE29 0NT5
£410K02/211.69 mi3, Latimer Street, North Shields, Tyne And Wear NE30 4EY5
£710.5K12/221.69 mi8, Manorway, North Shields, Tyne And Wear NE30 4ND5
£282.5K12/201.74 mi3, Milton Terrace, North Shields, Tyne And Wear NE29 0PB5
£976.3K11/221.76 mi5a, Kennersdene, North Shields, Tyne And Wear NE30 2NB5
£641K08/231.77 mi45, Hotspur Street, Tynemouth, North Shields, Tyne And Wear NE30 4EN5
£285K03/211.93 mi17, Hazel Avenue, North Shields, Tyne And Wear NE29 9BT5
£620K04/211.93 mi9, Aldenham Gardens, North Shields, Tyne And Wear NE30 2NQ5
£291K03/211.96 mi43, Chirton Avenue, South Shields, Tyne And Wear NE34 7BW5
£595K12/221.96 mi2, Argyle Terrace, North Shields, Tyne And Wear NE29 9LA5

Local Rents

36 rents from £515/mo to £3.5K/mo, average is £945/mo.

RentDateDistanceAddressBeds 
£75001/250.04 mi-3
£1,65001/250.06 mi-5
£89505/240.07 miErskine Road, South Shields, Tyne and Wear, NE333
£2,25005/240.11 mi-3
£2,25007/240.11 mi-3
£2,25001/250.11 mi-3
£2,20004/250.11 mi-3
£62503/250.13 mi-3
£51501/250.14 mi-3
£80007/240.15 mi-5
£79505/240.16 miAnderson Street, South Shields4
£85012/240.22 mi-3
£57505/240.28 mi-3
£1,45002/250.28 mi-4
£77506/240.3 miRobert Street, South Shields3
£69506/240.3 mi-3
£69506/240.3 mi-3
£88012/240.31 mi-3
£85012/240.31 miFitzpatrick Place, Tyne And Wear, NE333
£80005/240.33 mi-4
£80003/250.33 mi-4
£72505/240.36 mi-3
£99503/250.38 mi-4
£1,80006/240.38 mi-3
£1,50001/250.38 mi-3
£1,50003/250.38 mi-3
£70003/250.42 mi-3
£1,00011/240.43 mi-5
£2,50006/240.45 mi-3
£2,35006/240.45 mi-3
£1,80002/250.45 mi-3
£1,80005/240.56 mi-3
£1,80004/240.56 mi-3
£3,50003/250.56 mi-3
£2,55002/250.6 mi-3
£87512/240.61 mi-4

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Price changed to £225,000

February 28, 2025

Price changed to £210,000

January 3, 2025

Listed for £240,000

November 28, 2024

Sold for £240,000

2018

Description

  • Five bedroom +
  • Traditional Terrace +
  • Garden +
  • Large family home +
  • ..or investment opportunity +

TO BE SOLD VIA ONLINE AUCTION - Fees Apply

We are delighted to offer to the market this traditional terrace property, situated on the sought after Beach Road, South Shields.

Boasting five bedrooms, two reception rooms, and generous en-suite bathroom off the master bedroom. With the accommodation being over three floors and offering ample space, there is a fantastic opportunity for conversion into multiple dwellings, subject to planning permission. Alternatively, the property has huge potential for a growing family.

Comprising briefly :- Composite door to the entrance porch and door to the hallway. Door to the first reception room and door to second reception room. Stairs to the first floor.
The second reception room is currently being used as the lounge, which leads to the kitchen to the rear of the property. From the kitchen an additional space.
The first floor comprises a W/C, master bedroom which offers a large en-suite and two bedrooms to the front of the property. Stairs lead to the second floor, the family bathroom leads from the half landing, stairs to bedrooms four and five.

Externally a garden lies to the rear with an additional building and a roller shutter door providing off street parking.

Viewing is essential to appreciate the property on offer.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, South Shields

0191 625 0219

Next Steps?

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