2 Bed Flat, Single Let, South Shields, NE34 0QR, £85,000

Gordon Road, South Shields, NE34 0QR - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£37K - £117K
Sold Prices/m²£323/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£75,119

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£500

Running Costs/mo

£386

Cashflow/mo

£114

Cashflow/yr

£1,373

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £37K to £117K, average is £74K. £323/m² to £2.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£83.5K10/230.01 mi57, Gordon Road, South Shields, Tyne And Wear NE34 0QR2
£82K07/220.03 mi10, Crofton Street, South Shields, Tyne And Wear NE34 0QP2
£37.5K11/200.05 mi17, Egerton Road, South Shields, Tyne And Wear NE34 0QH2
£39.9K07/210.05 mi34, Talbot Road, South Shields, Tyne And Wear NE34 0QJ2
£63K05/220.11 mi13, Cranford Street, South Shields, Tyne And Wear NE34 0QN2
£100K09/230.12 mi64, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£107K08/230.12 mi92, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£48K11/200.12 mi157, Talbot Road, South Shields, Tyne And Wear NE34 0RG2
£42K11/200.14 mi194, Stanhope Road, South Shields, Tyne And Wear NE33 4ST2
£56K03/210.15 mi292, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£107.5K05/210.15 mi326, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£68K05/210.15 mi313, Stanhope Road, South Shields, Tyne And Wear NE33 4SS2
£74K11/200.16 mi164, Talbot Road, South Shields, Tyne And Wear NE34 0RF2
£78K06/220.16 mi78, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£65K05/210.16 mi58, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£67.5K12/220.19 mi49, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£50K01/230.19 mi38, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£73K01/210.19 mi184, Ashley Road, South Shields, Tyne And Wear NE34 0PQ2
£84.5K06/210.29 mi125, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB2
£37K06/210.31 mi102, Boldon Lane, South Shields, Tyne And Wear NE34 0BY2
£75K06/210.38 mi92, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA2
£95K12/230.44 mi23, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£80K03/210.44 mi12, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£90K10/220.44 mi11, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£65K08/210.47 mi241, Dean Road, South Shields, Tyne And Wear NE33 5LD2
£70K08/210.48 mi386, Dean Road, South Shields, Tyne And Wear NE33 5LL2
£72K06/230.48 mi39, West Park Road, South Shields, Tyne And Wear NE33 4LB2
£90K11/210.5 mi15, Shrewsbury Terrace, South Shields, Tyne And Wear NE33 4LF2
£76.5K06/210.51 mi11, Pembroke Terrace, South Shields, Tyne And Wear NE33 4LG2
£82.5K09/230.52 mi12, Clifton Terrace, South Shields, Tyne And Wear NE33 4LD2
£74K06/230.54 mi18, Crondall Street, South Shields, Tyne And Wear NE33 4BL2
£45K07/210.55 mi91, Collingwood Street, South Shields, Tyne And Wear NE33 4JZ2
£90K03/230.55 mi6, Mackley Close, South Shields, Tyne And Wear NE34 0LJ2
£78K06/210.55 mi22, Newbury Street, South Shields, Tyne And Wear NE33 4UE2
£68K03/210.56 mi12, Thornton Avenue, South Shields, Tyne And Wear NE33 5SZ2
£85K05/230.57 mi19, Birchington Avenue, South Shields, Tyne And Wear NE33 4TY2
£52.5K09/210.6 mi367, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£53K10/230.6 mi387, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£73K11/210.61 mi41, Oxford Street, South Shields, Tyne And Wear NE33 4BH2
£95K11/210.61 mi50, Oxford Street, South Shields, Tyne And Wear NE33 4BH2
£117K12/230.62 mi64, Warwick Road, South Shields, Tyne And Wear NE34 0SQ2
£108K09/210.62 mi40, Warwick Road, South Shields, Tyne And Wear NE34 0SQ2
£70K02/210.62 mi107, Mortimer Road, South Shields, Tyne And Wear NE33 4UH2
£110K09/210.63 mi84, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TJ2
£58.5K07/230.68 mi117, Marlborough Street South, South Shields, Tyne And Wear NE33 4DB2
£110K07/210.69 mi36, Cauldwell Place, South Shields, Tyne And Wear NE34 0SA2
£56K12/220.71 mi2, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW2
£53.5K06/230.72 mi129, Alice Street, South Shields, Tyne And Wear NE33 5PG2
£80.5K01/230.72 mi83, Canterbury Street, South Shields, Tyne And Wear NE33 4DD2
£97K05/230.73 mi54, Hartington Terrace, South Shields, Tyne And Wear NE33 4DE2

Local Rents

42 rents from £475/mo to £795/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£62505/240.02 miGordon Road, South Shields, Tyne and Wear, NE342
£65006/240.05 miTalbot Road, South Shields, South Tyneside2
£58509/240.05 mi-2
£75003/250.06 mi-2
£65010/230.06 mi-2
£52009/230.07 mi-2
£60011/230.08 mi-2
£50006/240.09 miWest Harton, South Shields, NE34 0JR2
£60004/250.12 mi-2
£60003/250.12 mi-2
£62506/240.12 miAshley Road, South Shields2
£65006/240.13 miWestcott Road, South Shields2
£52003/240.14 mi-2
£65012/240.14 miLow Lane, South Shields, Tyne And Wear, NE342
£62512/230.14 mi-2
£60012/230.16 mi-2
£47512/240.19 mi33 Revesby Street South Shields NE33 4SY2
£67002/250.2 mi-2
£65003/250.2 mi-2
£79505/240.24 miNora Street, South Shields2
£60008/240.3 mi-2
£75003/250.32 mi-2
£65009/230.33 mi-2
£65009/230.33 mi-2
£69512/240.39 mi-2
£65004/240.39 mi-2
£55005/240.47 mi-2
£60005/240.5 mi-2
£68503/250.51 mi-2
£52002/240.54 mi-2
£55007/240.54 mi-2
£79505/240.55 miBluebell Way, South Shields, Tyne and Wear, NE34 0BZ2
£55007/240.56 mi-2
£55006/240.56 miCollingwood Street, South Shields, NE332
£55007/240.56 miCollingwood Street, South Shields, NE332
£50010/230.56 mi-2
£70004/250.57 mi-2
£57503/240.57 mi-2
£59901/250.57 mi-2
£65002/240.6 mi-2
£70005/240.62 mi-2
£70007/240.62 mi-2

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

0.62 miles away

Nearest school

0.20 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £85,000

January 8, 2025

Description

  • Sold With No Onward Chain & Vacant Possession ! +
  • Local Amenities Include South Tyneside Hospital, Bus Links, Shops & Schools +
  • Contemporary Decor & Ready For Personalisation +
  • Fantastic First Time Home & Investment Opportunity +
  • Reference : 458598 +

Situated on Gordon Road, this charming two bedroom upper floor flat offers modern living with a neutral and stylish décor. The property features a well-presented kitchen/breakfast room and a cosy lounge leading to the rear landing, where a contemporary bathroom is located. Both bedrooms provide comfortable living spaces, ideal for a small family, couples, investment or individuals.

To the rear, the flat boasts a private yard with a patio area and a convenient brick-built outhouse, perfect for outdoor storage or additional utility space.

Located in a popular area near South Tyneside Hospital, this property is excellent for commuters, with Tyne Dock Metro and main bus routes within easy reach. Extensive local shops and amenities are available in the nearby Stanhope Road and Boldon Lane areas, making day-to-day living convenient and enjoyable.

Offered with vacant possession, this property the perfect choice! Early viewing is highly recommended.
ENTRANCE
Via composite door into Hallway.
HALLWAY
Laminate flooring and stairs to first floor Landing.
FIRST FLOOR LANDING
Radiator, loft access, doors into Lounge, Kitchen and both Bedrooms.
LOUNGE 4.32m (14'2) x 4.11m (13'6)
Double glazed window, radiator and door to rear Landing.
REAR LANDING
Double glazed window, door to rear staircase and door into Bathroom.
BATHROOM
Panelled bath with shower over with shower screen, wash basin in white high gloss vanity unit, low flush W.C., radiator, double glazed window, extractor, radiator and laminate flooring.
KITCHEN BREAKFAST ROOM 3.23m (10'7) x 2.57m (8'5)
Wall and base units with contrasting worktops, integrated oven and hob with extractor over, stainless steel sink unit with mixer tap, plumbing for washer, space for fridge freezer, tiling to splash areas, double glazed window, radiator, laminate flooring and COMBI boiler is located here.
BEDROOM ONE 5.03m (16'6) x 4.62m (15'2)
Double glazed bay window and radiator.
BEDROOM TWO 2.31m (7'7) x 2.06m (6'9)
Double glazed window and radiator.
EXTERNALLY
Private yard to rear with brick built outhouse for storage.
Tenure
The property is Leasehold with a term of 999 years from 25th March 1906 subject to an annual ground rent of £4.7s.8d.
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 4 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 0QR and mobile coverage is provided by EE, Three, O2 and 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: A
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.

EPC Rating: C

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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