4 Bed Detached House, Refurb/BRRR, South Shields, NE34 0EQ, £379,000





ValuationOvervalued
Sold Prices | £97.5K - £550K |
Sold Prices/m² | £786/m² - £3.7K/m² |
| |
Square Metres | ~129.26 m² |
Price/m² | £2.9K/m² |
Value Estimate | £267,079£267,079 |
| |
End Value (After Refurb) | £359,125£359,125 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £94,750£94,750 |
Stamp Duty & Legal Fees | £19,020£19,020 |
Refurb Costs | £49,479£49,479 |
Bridging Loan Interest | £9,949£9,949 |
Total Cash In | £174,948£174,948 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £359,125£359,125 |
Mortgage (After Refinance) | £269,344£269,344 |
Mortgage LTV | 75%75% |
Cash Left In | £174,948£174,948 |
Equity | £89,781£89,781 |
Rent Range | £550 - £3,000£550 - £3,000 |
Rent Estimate | £948 |
Running Costs/mo | £1,332£1,332 |
Cashflow/mo | £-384£-384 |
Cashflow/yr | £-4,606£-4,606 |
Gross Yield | 3%3% |
Local Sold Prices
49 sold prices from £97.5K to £550K, average is £295K. £786/m² to £3.7K/m², average is £2.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£295K | 09/21 | 0.09 mi | 54, Mitford Road, South Shields, Tyne And Wear NE34 0EQ | £1,392 | 212 | 4 | Detached House | |
£480K | 11/21 | 0.09 mi | 64, Mitford Road, South Shields, Tyne And Wear NE34 0EQ | £2,388 | 201 | 4 | Detached House | |
£360.5K | 03/21 | 0.11 mi | 189, King George Road, South Shields, Tyne And Wear NE34 0EX | £2,198 | 164 | 4 | Semi-Detached House | |
£329.9K | 12/20 | 0.13 mi | 77, West Avenue, South Shields, Tyne And Wear NE34 6BQ | - | - | 4 | Semi-Detached House | |
£242K | 03/23 | 0.13 mi | 53, West Avenue, South Shields, Tyne And Wear NE34 6BQ | - | - | 4 | Semi-Detached House | |
£450K | 12/20 | 0.13 mi | 135, King George Road, South Shields, Tyne And Wear NE34 0EU | £2,340 | 192 | 4 | Detached House | |
£415K | 12/20 | 0.21 mi | 10, North Avenue, South Shields, Tyne And Wear NE34 6BB | £2,785 | 149 | 4 | Detached House | |
£225K | 02/21 | 0.22 mi | 45, South Avenue, South Shields, Tyne And Wear NE34 6RA | £1,442 | 156 | 4 | Terraced House | |
£335K | 12/22 | 0.28 mi | 300, Mortimer Road, South Shields, Tyne And Wear NE34 0DL | £2,538 | 132 | 4 | Semi-Detached House | |
£157.6K | 11/20 | 0.29 mi | 11, South Avenue, South Shields, Tyne And Wear NE34 6QZ | - | - | 4 | Terraced House | |
£430K | 11/20 | 0.32 mi | 215, Sunderland Road, South Shields, Tyne And Wear NE34 6AQ | £2,087 | 206 | 4 | Detached House | |
£280K | 01/24 | 0.35 mi | 98, St Marys Avenue, South Shields, Tyne And Wear NE34 6AG | £1,825 | 153 | 4 | Semi-Detached House | |
£535K | 03/22 | 0.43 mi | 127, Sunderland Road, South Shields, Tyne And Wear NE34 6NQ | £3,639 | 147 | 4 | Detached House | |
£250K | 01/23 | 0.46 mi | 34, Mulberry Crescent, South Shields, Tyne And Wear NE34 8DD | - | - | 4 | Semi-Detached House | |
£210K | 06/23 | 0.46 mi | 22, Lynwood Way, South Shields, Tyne And Wear NE34 8DB | £1,732 | 121 | 4 | Semi-Detached House | |
£343K | 11/20 | 0.47 mi | 130, Sunderland Road, South Shields, Tyne And Wear NE34 6NE | £2,415 | 142 | 4 | Semi-Detached House | |
£320K | 04/21 | 0.48 mi | 103, Sunderland Road, South Shields, Tyne And Wear NE34 6ND | £2,500 | 128 | 4 | Detached House | |
£352K | 05/23 | 0.52 mi | 64, Lisle Road, South Shields, Tyne And Wear NE34 6DH | - | - | 4 | Semi-Detached House | |
£225K | 05/23 | 0.56 mi | 30, Lisle Road, South Shields, Tyne And Wear NE34 6DQ | £2,320 | 97 | 4 | Semi-Detached House | |
£305K | 07/23 | 0.58 mi | 28, Chester Gardens, South Shields, Tyne And Wear NE34 6NB | £2,978 | 102 | 4 | Terraced House | |
£182.5K | 05/23 | 0.6 mi | 10, Cranford Street, South Shields, Tyne And Wear NE34 0QN | - | - | 4 | Terraced House | |
£310K | 03/22 | 0.64 mi | 46, Brandling Court, South Shields, Tyne And Wear NE34 8PA | - | - | 4 | Detached House | |
£300K | 05/21 | 0.64 mi | 10, Brandling Court, South Shields, Tyne And Wear NE34 8PA | £2,655 | 113 | 4 | Detached House | |
£220K | 09/21 | 0.64 mi | 45, Morpeth Avenue, South Shields, Tyne And Wear NE34 0SF | £1,618 | 136 | 4 | Terraced House | |
£282.5K | 08/23 | 0.64 mi | 49, Morpeth Avenue, South Shields, Tyne And Wear NE34 0SF | £2,124 | 133 | 4 | Terraced House | |
£216K | 02/21 | 0.64 mi | 11, Morpeth Avenue, South Shields, Tyne And Wear NE34 0SF | £1,510 | 143 | 4 | Terraced House | |
£272.5K | 07/24 | 0.64 mi | 35, Morpeth Avenue, South Shields, Tyne And Wear NE34 0SF | £1,879 | 145 | 4 | Terraced House | |
£293.8K | 03/24 | 0.64 mi | 14, Morpeth Avenue, South Shields, Tyne And Wear NE34 0SF | £2,069 | 142 | 4 | Terraced House | |
£425K | 04/21 | 0.65 mi | 12, Mayfair Gardens, South Shields, Tyne And Wear NE34 6LZ | £1,840 | 231 | 4 | Semi-Detached House | |
£270K | 10/20 | 0.66 mi | 89, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA | £2,109 | 128 | 4 | Semi-Detached House | |
£197.5K | 06/24 | 0.66 mi | 31, School Approach, South Shields, Tyne And Wear NE34 6DR | £2,079 | 95 | 4 | Semi-Detached House | |
£350K | 05/22 | 0.66 mi | 7, High Trees, South Shields, Tyne And Wear NE34 8EW | £2,935 | 119 | 4 | Detached House | |
£245K | 02/21 | 0.68 mi | 155, Stanhope Road, South Shields, Tyne And Wear NE33 4RU | £1,276 | 192 | 4 | Terraced House | |
£290K | 08/23 | 0.68 mi | 155, Stanhope Road, South Shields, Tyne And Wear NE33 4RU | £1,510 | 192 | 4 | Terraced House | |
£220K | 09/21 | 0.71 mi | 27, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TH | - | - | 4 | Terraced House | |
£315K | 01/23 | 0.71 mi | 40, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TH | - | - | 4 | Terraced House | |
£450K | 02/21 | 0.72 mi | 5, St Georges Avenue, South Shields, Tyne And Wear NE34 6EU | £2,866 | 157 | 4 | Semi-Detached House | |
£375K | 07/23 | 0.74 mi | 21, Cleaside Avenue, South Shields, Tyne And Wear NE34 8DQ | - | - | 4 | Semi-Detached House | |
£97.5K | 09/21 | 0.75 mi | 93, Stoddart Street, South Shields, Tyne And Wear NE34 0JS | £786 | 124 | 4 | Terraced House | |
£115K | 03/24 | 0.76 mi | 17, Crondall Street, South Shields, Tyne And Wear NE33 4BL | £1,484 | 77 | 4 | Terraced House | |
£550K | 10/22 | 0.76 mi | 14, Parkshiel, South Shields, Tyne And Wear NE34 8BU | - | - | 4 | Detached House | |
£379.9K | 03/21 | 0.76 mi | 2, Alansway Gardens, South Shields, Tyne And Wear NE33 4UP | £3,725 | 102 | 4 | Detached House | |
£182.5K | 08/23 | 0.76 mi | 50, Oxford Avenue, South Shields, Tyne And Wear NE33 4TP | - | - | 4 | Semi-Detached House | |
£400K | 12/22 | 0.79 mi | 7, Tynedale Road, South Shields, Tyne And Wear NE34 6EX | - | - | 4 | Semi-Detached House | |
£189.9K | 11/21 | 0.79 mi | 3, Witton Avenue, South Shields, Tyne And Wear NE34 7SB | £1,666 | 114 | 4 | Semi-Detached House | |
£170K | 03/21 | 0.79 mi | 81, Strathmore Gardens, South Shields, Tyne And Wear NE34 0LH | - | - | 4 | Detached House | |
£225K | 01/23 | 0.81 mi | 5, Mackley Close, South Shields, Tyne And Wear NE34 0LJ | £1,744 | 129 | 4 | Semi-Detached House | |
£402K | 02/22 | 0.82 mi | 2, Parkshiel, South Shields, Tyne And Wear NE34 8BU | - | - | 4 | Detached House | |
£360K | 12/20 | 0.82 mi | 8, Grosvenor Road, South Shields, Tyne And Wear NE33 3QQ | £2,169 | 166 | 4 | Semi-Detached House |
Local Rents
52 rents from £550/mo to £3K/mo, average is £788/mo.
Rent | Date | Distance | Address | Beds | Type | |
£900 | 05/24 | 0.38 mi | North Close, South Shields, Tyne And Wear, NE34 | 3 | Detached House | |
£790 | 05/24 | 0.55 mi | - | 3 | Semi-Detached House | |
£725 | 12/24 | 0.57 mi | - | 3 | Semi-Detached House | |
£1,000 | 06/24 | 0.58 mi | Ryedale Way, South Shields | 3 | Semi-Detached House | |
£665 | 03/25 | 0.62 mi | - | 3 | Flat | |
£785 | 12/24 | 0.62 mi | - | 3 | Semi-Detached House | |
£950 | 05/24 | 0.63 mi | Centenary Avenue, South Shields | 3 | Detached House | |
£600 | 05/24 | 0.66 mi | - | 3 | Flat | |
£625 | 11/24 | 0.66 mi | - | 3 | Flat | |
£850 | 05/24 | 0.68 mi | - | 4 | Flat | |
£850 | 08/24 | 0.68 mi | - | 4 | Flat | |
£850 | 08/24 | 0.68 mi | - | 4 | Flat | |
£850 | 08/24 | 0.68 mi | - | 4 | Flat | |
£850 | 05/24 | 0.71 mi | - | 3 | Semi-Detached House | |
£975 | 05/24 | 0.71 mi | East Avenue, South Shields, NE34 | 3 | Detached House | |
£800 | 06/24 | 0.71 mi | Wear Court, South Shields | 3 | Terraced House | |
£900 | 02/25 | 0.72 mi | - | 3 | Terraced House | |
£800 | 05/24 | 0.73 mi | - | 3 | Semi-Detached House | |
£950 | 05/24 | 0.73 mi | East Avenue, South Shields, NE34 | 3 | Detached House | |
£775 | 05/24 | 0.73 mi | - | 3 | Semi-Detached House | |
£795 | 06/24 | 0.74 mi | Vine Street, South Shields | 3 | Flat | |
£1,375 | 02/25 | 0.75 mi | - | 4 | Detached House | |
£800 | 10/24 | 0.77 mi | - | 3 | Flat | |
£650 | 03/25 | 0.77 mi | - | 3 | Flat | |
£750 | 03/25 | 0.77 mi | - | 6 | Flat | |
£650 | 03/25 | 0.79 mi | - | 3 | Flat | |
£675 | 07/24 | 0.8 mi | Vine Street, South Shields | 3 | Flat | |
£600 | 06/24 | 0.8 mi | West Park, South Shields, NE33 4RG | 3 | Flat | |
£600 | 07/24 | 0.8 mi | West Park, South Shields, NE33 4RG | 3 | Flat | |
£550 | 07/24 | 0.8 mi | Stanhope Road, South Shields, Tyne and Wear, NE33 | 3 | Flat | |
£1,400 | 01/25 | 0.82 mi | - | 3 | Semi-Detached House | |
£585 | 02/24 | 0.84 mi | - | 3 | Flat | |
£1,800 | 06/24 | 0.84 mi | - | 3 | Flat | |
£1,500 | 12/24 | 0.84 mi | - | 3 | Flat | |
£3,000 | 06/24 | 0.84 mi | - | 5 | Flat | |
£3,000 | 12/24 | 0.84 mi | - | 5 | Flat | |
£750 | 05/24 | 0.85 mi | Boldon Lane, South Shields | 4 | Flat | |
£850 | 07/24 | 0.85 mi | Horsley Vale, South Shields | 3 | Semi-Detached House | |
£750 | 04/24 | 0.86 mi | - | 3 | Semi-Detached House | |
£750 | 06/24 | 0.86 mi | - | 3 | Semi-Detached House | |
£595 | 02/25 | 0.88 mi | - | 3 | Flat | |
£795 | 05/24 | 0.88 mi | - | 3 | Terraced House | |
£795 | 07/24 | 0.89 mi | - | 3 | Terraced House | |
£795 | 06/24 | 0.89 mi | Wadham Terrace, South Shields, NE34 | 3 | Terraced House | |
£750 | 07/24 | 0.89 mi | West Harton, South Shields, NE34 0BU | 3 | Terraced House | |
£750 | 07/24 | 0.89 mi | West Harton, South Shields, NE34 0BU | 3 | Terraced House | |
£695 | 12/24 | 0.9 mi | Ravensworth Terrace, South Shields | 3 | Flat | |
£600 | 05/24 | 0.9 mi | - | 3 | House | |
£750 | 05/24 | 0.91 mi | - | 3 | Flat | |
£775 | 02/25 | 0.92 mi | - | 3 | Semi-Detached House | |
£720 | 03/24 | 0.93 mi | Gordon Street, South Shields, Tyne And Wear, NE33 | 3 | Semi-Detached House | |
£725 | 05/24 | 0.94 mi | Whiteleas Way, South Shields | 3 | Detached House |
Local Area Statistics
Population in NE34 | 52,10152,101 |
Population in South Shields | 79,43279,432 |
Town centre distance | 0.61 miles away0.61 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 0.91 miles away0.91 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +35%+35% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +27%+27% |
Property History
Listed for £379,000
January 7, 2025
Description
- Spacious Detached House +
- Sought After Location in South Shields +
- Generous South Facing Rear Garden +
- Available with Vacant Possession +
- Offering Potential for Modernisation & Personalisation +
- Early Viewing Advised to Appreciate this Lovely Home +
- Reference: 460034 +
Situated in a highly sought-after location within South Shields, this spacious detached house offers an exceptional opportunity and is available with vacant possession. Benefitting from a generous southerly facing rear garden, the property boasts versatile accommodation across two floors.
The ground floor features a welcoming and spacious entrance hall, complete with a guest cloakroom. The open-plan living and dining area is light and airy, enhanced by large picture windows that offer views of the conservatory and the garden beyond. At the heart of the home lies the kitchen breakfast room, offering potential for modernisation and personalisation. A well-proportioned utility room provides additional practicality and convenience.
Ascending to the first floor, a bright and well-sized landing gives access to four bedrooms of varying sizes, ideal for flexible use to suit a growing family's needs. A modern shower room is also located on this level. The property has been thoughtfully maintained, featuring solar panels, an attached garage, and occupying a generous plot size. Offered with vacant possession, this home is ready for its new owners to move in and make it their own.
Arrange your viewing today to fully appreciate all that this charming home has to offer.
ENTRANCE PORCH
Front door to entrance porch leading to entrance hallway.
ENTRANCE HALLWAY
Stairs up and under stairs cupboard.
GROUND FLOOR WC
Low level w.c., wash basin in vanity unit.
KITCHEN 6.17m (20'3) x 2.88m (9'5)
Range and base units with work tops over. Glazed display units, ceramic tiling to splash backs.
UTILITY 4.7m (15'5) x 2.53m (8'4)
Belfast sink, wall and base units, ceramic tiling to floor. Ladder radiator.
LOUNGE/DINER 6.87m (22'6) reducing to 3.83 x 5.99m (19'8) reducing to 3.81
Patio doors to conservatory. Plantation shutters to front windows, radiator.
CONSERVATORY 6.72m (22'1) x 3.15m (10'4)
Easy clean style roof with sun blinds, ceramic tiling to floor. Wall light and radiator.
FIRST FLOOR LANDING
FRONT BEDROOM 2.9m (9'6) x 2.26m (7'5)
Built in cupboard, radiator.
REAR BEDROOM 3.72m (12'2) x 3.4m (11'2)
Built in robes, wood folding shutters to windows, radiator.
REAR BEDROOM 3.39m (11'1) x 2.43m (8') plus built in cupboard
Radiator.
REAR BEDROOM 2.67m (8'9) plus built in cupboard3.21 x 3.21m (10'6)
Radiator.
SHOWER ROOM 2.32m (7'7) x 1.62m (5'4)
Shower cubicle, low level w.c., wash basin in vanity surround. Heated chrome towel rail.
EXTERNALLY
Lawns and borders to the front. Garden to the rear with lawns, borders, exterior lighting and cold water tap.
DRIVEWAY
Block paved driveway to the front leading to ingetral garage.
GARAGE
Attached garage with electric remote controlled door, light and power.
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 5 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 0EQ and mobile coverage is provided by EE, Three, O2, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: E
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
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.
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.
AGENTS NOTE
There are solar panels fitted to this property. We understand that these are the posssession of the current vendor. We would advise all buyers make their own enquiries prior to financial commitment to purchase.
EPC Rating:
Similar Properties
Like this property? Maybe you'll like these ones close by too.
2 Bed Bungalow, Refurb/BRRR, South Shields, NE34 0EX
£230,000
a year ago • 127 m²
3 Bed House, Refurb/BRRR, South Shields, NE34 0EH
£250,000
2 views • 2 months ago • 93 m²
2 Bed Bungalow, Refurb/BRRR, South Shields, NE34 0EL
£319,950
4 views • 7 months ago • 68 m²
3 Bed House, Refurb/BRRR, South Shields, NE34 0HT
£95,000
5 views • a month ago • 93 m²