3 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE34 0TR, £150,000

Biddick Hall Drive, South Shields, NE34 0TR - 4 views - 4 months ago

Leasehold
Refurb/BRRR
ROI: 5%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£60.5K - £200K
Sold Prices/m²£877/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£119,309

 

 

End Value (After Refurb)

£131,570

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£35,600

Bridging Loan Interest

£3,938

Total Cash In

£84,488

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,570

Mortgage (After Refinance)

£98,677

Mortgage LTV

75%

Cash Left In

£84,488

Equity

£32,892

Rent Range

£550 - £3,300

Rent Estimate

£989

Running Costs/mo

£629

Cashflow/mo

£360

Cashflow/yr

£4,321

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60.5K to £200K, average is £110.5K. £877/m² to £2.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£120K02/230.04 mi126, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£124K03/230.05 mi124, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£132K06/230.2 mi116, Brockley Avenue, South Shields, Tyne And Wear NE34 0TY3
£90K11/200.2 mi18, Foxglove Court, South Shields, Tyne And Wear NE34 0BH3
£120K09/230.23 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£128K08/240.23 mi7, Douglas Close, South Shields, Tyne And Wear NE34 8JY3
£115K06/230.25 mi3, Bruce Close, South Shields, Tyne And Wear NE34 8JX3
£133K03/240.26 mi3, Dovedale Court, South Shields, Tyne And Wear NE34 9EZ3
£114K02/210.28 mi17, Wadham Terrace, South Shields, Tyne And Wear NE34 0BU3
£83K12/230.28 mi34, Foss Way, South Shields, Tyne And Wear NE34 0BW3
£93.5K12/200.29 mi22, Awnless Court, South Shields, Tyne And Wear NE34 0XR3
£112.5K09/230.29 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.29 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/230.3 mi2, Eavers Court, South Shields, Tyne And Wear NE34 0XB3
£105K11/210.32 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£144.9K04/240.32 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£180K11/210.32 mi8, Colchester Street, South Shields, Tyne And Wear NE34 9AT3
£102.5K04/230.32 mi12, Brown Top Place, South Shields, Tyne And Wear NE34 0XP3
£125K05/210.33 mi250, Harton Lane, South Shields, Tyne And Wear NE34 0LR3
£130K10/210.33 mi27, Brodie Close, South Shields, Tyne And Wear NE34 8LB3
£90K04/210.34 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.34 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£95K06/210.35 mi14, Bedale Court, South Shields, Tyne And Wear NE34 9DA3
£91K04/230.35 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£80K11/230.36 mi9, Coxfoot Close, South Shields, Tyne And Wear NE34 0XN3
£85K02/210.39 mi5, Eyemouth Court, South Shields, Tyne And Wear NE34 9BX3
£165K12/220.39 mi18, Collin Drive, South Shields, Tyne And Wear NE34 9FE3
£97.5K03/230.41 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£87K06/210.42 mi6, Hardyards Court, South Shields, Tyne And Wear NE34 0XL3
£80K05/230.42 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£110K10/230.42 mi73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB3
£84K11/230.43 mi18, Alnwick Road, South Shields, Tyne And Wear NE34 0LB3
£132.5K12/220.44 mi32, Fox Avenue, South Shields, Tyne And Wear NE34 9RN3
£200K02/240.45 mi33, Capulet Grove, South Shields, Tyne And Wear NE34 9AH3
£110K12/210.46 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£130K03/230.46 mi109, Wenlock Road, South Shields, Tyne And Wear NE34 9BD3
£90K12/230.47 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£130K02/210.47 mi228, Harton Lane, South Shields, Tyne And Wear NE34 0RE3
£81K12/220.47 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£77.5K11/200.48 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.48 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.48 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£130K09/210.48 mi74, Whiteleas Way, South Shields, Tyne And Wear NE34 8LH3
£60.5K03/240.48 mi81, Egerton Road, South Shields, Tyne And Wear NE34 0RD3
£137K10/230.48 mi2, Homestall Close, South Shields, Tyne And Wear NE34 0YE3
£100K10/210.5 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£130K09/230.5 mi13, Cloister Avenue, South Shields, Tyne And Wear NE34 9AQ3
£120K10/230.51 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£139K06/240.51 mi59, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£111K07/230.51 mi63, Nora Street, South Shields, Tyne And Wear NE34 0RB3

Local Rents

34 rents from £550/mo to £3.3K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£65005/230.09 mi-3
£65005/230.09 mi-3
£77501/250.16 mi-3
£3,30002/250.17 mi-3
£77510/240.21 mi-3
£58502/240.27 mi-3
£75007/240.28 miWest Harton, South Shields, NE34 0BU3
£75007/240.28 miWest Harton, South Shields, NE34 0BU3
£79506/240.29 miWadham Terrace, South Shields, NE343
£79507/240.29 mi-3
£69511/230.34 mi-3
£80006/240.38 miWear Court, South Shields3
£1,20004/250.41 mi-3
£72505/240.48 miWhiteleas Way, South Shields3
£75004/240.48 mi-3
£75006/240.48 mi-3
£83006/240.5 mi-3
£83005/240.5 miGerald Street, South Shields, NE343
£83006/240.5 miGerald Street, South Shields, NE343
£55007/240.52 miStanhope Road, South Shields, Tyne and Wear, NE333
£80010/240.54 mi-3
£65003/250.54 mi-3
£60006/240.55 miWest Park, South Shields, NE33 4RG3
£60007/240.55 miWest Park, South Shields, NE33 4RG3
£67507/240.56 miVine Street, South Shields3
£60005/240.57 mi-3
£79506/240.57 miVine Street, South Shields3
£90002/250.59 mi-3
£62511/240.59 mi-3
£2,35005/240.61 mi-3
£2,35007/240.61 mi-3
£2,35001/250.61 mi-3
£2,20002/250.61 mi-3
£82503/250.61 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

December 17, 2024

Sold for £122,450

2014

Description

  • Sold With No Onward Chain & Vacant Possession ! +
  • Great First Time & Family Home Close To Amenities +
  • Ready For Someone To Put Their Own Stamp On +
  • Extensive Plot With Driveway & Garden To Rear +
  • Local Bus Links, Road Links, Shops & South Tyneside Hospital +
  • Reference : 443282 +

This extended semi detached home offers versatile living, currently arranged as a two bedroom, however with the potential to be converted into a three bedroom home via the ground floor utility room to suit one's requirements. Set on a generous plot, the property provides off road parking for multiple cars and a extensive rear garden, ideal for outdoor activities. The home has been well-maintained over the years, though there is plenty of opportunity for further modernisation and improvement.

The floor plan includes an entrance hallway, a lounge with an open archway into the dining room, and a kitchen with space for appliances. There's a useful ground floor shower room and a utility room that could easily serve as a bedroom, home office, or playroom. Upstairs, you¿ll find two bedrooms and a family room. With its excellent potential, this property will appeal to first time buyers and families alike. Conveniently located close to bus links, South Tyneside Hospital, and shops on Boldon Lane. Property is to be sold with Vacant Possession, call now to view !
ENTRANCE
Via UPVC door into Hallway.
HALLWAY
Understair storage cupboard, laminate flooring, stairs to first floor Landing, door into Kitchen and Lounge.
LOUNGE 4.78m (15'8) x 3.05m (10')
Double glazed window, radiator and archway opening to Dining Room.
DINING ROOM 3.05m (10'0) x 2.97m (9'9)
Laminate flooring, double glazed window and radiator.
KITCHEN 2.97m (9'9) x 2.59m (8'6)
Fitted with a range of wall and base units with contrasting worktops, integrated oven and hob, plumbing for washer, space for fridge freezer, COMBI boiler is located here, double glazed window, sink unit with mixer tap, laminate flooring and opening to rear Hallway.
REAR HALLWAY
Radiator, laminate flooring, door into Shower Room and door into Utility/Bedroom Three.
GROUND FLOOR SHOWER ROOM
Curved single shower cubicle, wash basin in vanity unit, double glazed window, laminate flooring and radiator.
UTILITY / BEDROOM THREE 4.06m (13'4) x 2.36m (7'9)
Double glazed window and radiator.
FIRST FLOOR LANDING

BEDROOM ONE 4.75m (15'7) x 3.48m (11'5)
Two double glazed windows, radiator and storage cupboard.
BEDROOM TWO 3.1m (10'2) x 3.1m (10'2)
Double glazed window, radiator and storage cupboard.
BATHROOM
Panelled bath, wash basin in vanity unit, low flush W.C., heated towel rail, double glazed window, laminate flooring and part tiling to walls.
EXTERNALLY
Extensive garden to rear with patio seating area.
PARKING
Driveway to front providing off road parking for multiple cars.
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
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.
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.
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 4 Mbps and a maximum download speed of 80 Mbps at this postcode: NE34 0TR and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.

EPC Rating: TBC
Council Tax
The GOV.UK website states the property is Council Tax Band: A

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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