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





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£75,119 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £21,250£21,250 |
Stamp Duty & Legal Fees | £3,750£3,750 |
Total Cash In | £25,000£25,000 |
| |
Cash Out | |
Rent Range | £475 - £795£475 - £795 |
Rent Estimate | £500 |
Running Costs/mo | £386£386 |
Cashflow/mo | £114£114 |
Cashflow/yr | £1,373£1,373 |
ROI | 5%5% |
Gross Yield | 7%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£83.5K | 10/23 | 0.01 mi | 57, Gordon Road, South Shields, Tyne And Wear NE34 0QR | £1,103 | 76 | 2 | Flat | |
£82K | 07/22 | 0.03 mi | 10, Crofton Street, South Shields, Tyne And Wear NE34 0QP | £1,051 | 78 | 2 | Flat | |
£37.5K | 11/20 | 0.05 mi | 17, Egerton Road, South Shields, Tyne And Wear NE34 0QH | £323 | 116 | 2 | Flat | |
£39.9K | 07/21 | 0.05 mi | 34, Talbot Road, South Shields, Tyne And Wear NE34 0QJ | £596 | 67 | 2 | Flat | |
£63K | 05/22 | 0.11 mi | 13, Cranford Street, South Shields, Tyne And Wear NE34 0QN | £1,016 | 62 | 2 | Flat | |
£100K | 09/23 | 0.12 mi | 64, Ashley Road, South Shields, Tyne And Wear NE34 0PD | - | - | 2 | Flat | |
£107K | 08/23 | 0.12 mi | 92, Ashley Road, South Shields, Tyne And Wear NE34 0PD | £1,526 | 70 | 2 | Flat | |
£48K | 11/20 | 0.12 mi | 157, Talbot Road, South Shields, Tyne And Wear NE34 0RG | £632 | 76 | 2 | Flat | |
£42K | 11/20 | 0.14 mi | 194, Stanhope Road, South Shields, Tyne And Wear NE33 4ST | £408 | 103 | 2 | Flat | |
£56K | 03/21 | 0.15 mi | 292, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ | £875 | 64 | 2 | Flat | |
£107.5K | 05/21 | 0.15 mi | 326, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ | - | - | 2 | Flat | |
£68K | 05/21 | 0.15 mi | 313, Stanhope Road, South Shields, Tyne And Wear NE33 4SS | £1,133 | 60 | 2 | Flat | |
£74K | 11/20 | 0.16 mi | 164, Talbot Road, South Shields, Tyne And Wear NE34 0RF | £1,213 | 61 | 2 | Flat | |
£78K | 06/22 | 0.16 mi | 78, Nora Street, South Shields, Tyne And Wear NE34 0RB | £1,026 | 76 | 2 | Flat | |
£65K | 05/21 | 0.16 mi | 58, Nora Street, South Shields, Tyne And Wear NE34 0RB | - | - | 2 | Flat | |
£67.5K | 12/22 | 0.19 mi | 49, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ | £1,023 | 66 | 2 | Flat | |
£50K | 01/23 | 0.19 mi | 38, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ | - | - | 2 | Flat | |
£73K | 01/21 | 0.19 mi | 184, Ashley Road, South Shields, Tyne And Wear NE34 0PQ | - | - | 2 | Flat | |
£84.5K | 06/21 | 0.29 mi | 125, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB | £1,158 | 73 | 2 | Flat | |
£37K | 06/21 | 0.31 mi | 102, Boldon Lane, South Shields, Tyne And Wear NE34 0BY | £627 | 59 | 2 | Flat | |
£75K | 06/21 | 0.38 mi | 92, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA | £872 | 86 | 2 | Flat | |
£95K | 12/23 | 0.44 mi | 23, Low Lane, South Shields, Tyne And Wear NE34 0LG | £1,667 | 57 | 2 | Flat | |
£80K | 03/21 | 0.44 mi | 12, Low Lane, South Shields, Tyne And Wear NE34 0LG | - | - | 2 | Flat | |
£90K | 10/22 | 0.44 mi | 11, Low Lane, South Shields, Tyne And Wear NE34 0LG | £1,582 | 57 | 2 | Flat | |
£65K | 08/21 | 0.47 mi | 241, Dean Road, South Shields, Tyne And Wear NE33 5LD | - | - | 2 | Flat | |
£70K | 08/21 | 0.48 mi | 386, Dean Road, South Shields, Tyne And Wear NE33 5LL | - | - | 2 | Flat | |
£72K | 06/23 | 0.48 mi | 39, West Park Road, South Shields, Tyne And Wear NE33 4LB | - | - | 2 | Flat | |
£90K | 11/21 | 0.5 mi | 15, Shrewsbury Terrace, South Shields, Tyne And Wear NE33 4LF | - | - | 2 | Flat | |
£76.5K | 06/21 | 0.51 mi | 11, Pembroke Terrace, South Shields, Tyne And Wear NE33 4LG | £1,134 | 67 | 2 | Flat | |
£82.5K | 09/23 | 0.52 mi | 12, Clifton Terrace, South Shields, Tyne And Wear NE33 4LD | £1,166 | 71 | 2 | Flat | |
£74K | 06/23 | 0.54 mi | 18, Crondall Street, South Shields, Tyne And Wear NE33 4BL | - | - | 2 | Flat | |
£45K | 07/21 | 0.55 mi | 91, Collingwood Street, South Shields, Tyne And Wear NE33 4JZ | £811 | 55 | 2 | Flat | |
£90K | 03/23 | 0.55 mi | 6, Mackley Close, South Shields, Tyne And Wear NE34 0LJ | £1,837 | 49 | 2 | Flat | |
£78K | 06/21 | 0.55 mi | 22, Newbury Street, South Shields, Tyne And Wear NE33 4UE | £1,130 | 69 | 2 | Flat | |
£68K | 03/21 | 0.56 mi | 12, Thornton Avenue, South Shields, Tyne And Wear NE33 5SZ | £986 | 69 | 2 | Flat | |
£85K | 05/23 | 0.57 mi | 19, Birchington Avenue, South Shields, Tyne And Wear NE33 4TY | £1,103 | 77 | 2 | Flat | |
£52.5K | 09/21 | 0.6 mi | 367, Taylor Street, South Shields, Tyne And Wear NE33 5AW | £808 | 65 | 2 | Flat | |
£53K | 10/23 | 0.6 mi | 387, Taylor Street, South Shields, Tyne And Wear NE33 5AW | - | - | 2 | Flat | |
£73K | 11/21 | 0.61 mi | 41, Oxford Street, South Shields, Tyne And Wear NE33 4BH | £1,091 | 67 | 2 | Flat | |
£95K | 11/21 | 0.61 mi | 50, Oxford Street, South Shields, Tyne And Wear NE33 4BH | £1,322 | 72 | 2 | Flat | |
£117K | 12/23 | 0.62 mi | 64, Warwick Road, South Shields, Tyne And Wear NE34 0SQ | £1,669 | 70 | 2 | Flat | |
£108K | 09/21 | 0.62 mi | 40, Warwick Road, South Shields, Tyne And Wear NE34 0SQ | £1,588 | 68 | 2 | Flat | |
£70K | 02/21 | 0.62 mi | 107, Mortimer Road, South Shields, Tyne And Wear NE33 4UH | £972 | 72 | 2 | Flat | |
£110K | 09/21 | 0.63 mi | 84, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TJ | £1,642 | 67 | 2 | Flat | |
£58.5K | 07/23 | 0.68 mi | 117, Marlborough Street South, South Shields, Tyne And Wear NE33 4DB | £802 | 73 | 2 | Flat | |
£110K | 07/21 | 0.69 mi | 36, Cauldwell Place, South Shields, Tyne And Wear NE34 0SA | £2,558 | 43 | 2 | Flat | |
£56K | 12/22 | 0.71 mi | 2, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW | - | - | 2 | Flat | |
£53.5K | 06/23 | 0.72 mi | 129, Alice Street, South Shields, Tyne And Wear NE33 5PG | £1,025 | 52 | 2 | Flat | |
£80.5K | 01/23 | 0.72 mi | 83, Canterbury Street, South Shields, Tyne And Wear NE33 4DD | - | - | 2 | Flat | |
£97K | 05/23 | 0.73 mi | 54, Hartington Terrace, South Shields, Tyne And Wear NE33 4DE | £1,102 | 88 | 2 | Flat |
Local Rents
42 rents from £475/mo to £795/mo, average is £625/mo.
Rent | Date | Distance | Address | Beds | Type | |
£625 | 05/24 | 0.02 mi | Gordon Road, South Shields, Tyne and Wear, NE34 | 2 | Terraced House | |
£650 | 06/24 | 0.05 mi | Talbot Road, South Shields, South Tyneside | 2 | Flat | |
£585 | 09/24 | 0.05 mi | - | 2 | Flat | |
£750 | 03/25 | 0.06 mi | - | 2 | Flat | |
£650 | 10/23 | 0.06 mi | - | 2 | Flat | |
£520 | 09/23 | 0.07 mi | - | 2 | Flat | |
£600 | 11/23 | 0.08 mi | - | 2 | Flat | |
£500 | 06/24 | 0.09 mi | West Harton, South Shields, NE34 0JR | 2 | Flat | |
£600 | 04/25 | 0.12 mi | - | 2 | Flat | |
£600 | 03/25 | 0.12 mi | - | 2 | Flat | |
£625 | 06/24 | 0.12 mi | Ashley Road, South Shields | 2 | Flat | |
£650 | 06/24 | 0.13 mi | Westcott Road, South Shields | 2 | Flat | |
£520 | 03/24 | 0.14 mi | - | 2 | Flat | |
£650 | 12/24 | 0.14 mi | Low Lane, South Shields, Tyne And Wear, NE34 | 2 | Flat | |
£625 | 12/23 | 0.14 mi | - | 2 | Flat | |
£600 | 12/23 | 0.16 mi | - | 2 | Flat | |
£475 | 12/24 | 0.19 mi | 33 Revesby Street South Shields NE33 4SY | 2 | Flat | |
£670 | 02/25 | 0.2 mi | - | 2 | Flat | |
£650 | 03/25 | 0.2 mi | - | 2 | Flat | |
£795 | 05/24 | 0.24 mi | Nora Street, South Shields | 2 | Detached House | |
£600 | 08/24 | 0.3 mi | - | 2 | Flat | |
£750 | 03/25 | 0.32 mi | - | 2 | Flat | |
£650 | 09/23 | 0.33 mi | - | 2 | Flat | |
£650 | 09/23 | 0.33 mi | - | 2 | Flat | |
£695 | 12/24 | 0.39 mi | - | 2 | Flat | |
£650 | 04/24 | 0.39 mi | - | 2 | Flat | |
£550 | 05/24 | 0.47 mi | - | 2 | Flat | |
£600 | 05/24 | 0.5 mi | - | 2 | Flat | |
£685 | 03/25 | 0.51 mi | - | 2 | Flat | |
£520 | 02/24 | 0.54 mi | - | 2 | Flat | |
£550 | 07/24 | 0.54 mi | - | 2 | Flat | |
£795 | 05/24 | 0.55 mi | Bluebell Way, South Shields, Tyne and Wear, NE34 0BZ | 2 | Detached House | |
£550 | 07/24 | 0.56 mi | - | 2 | Flat | |
£550 | 06/24 | 0.56 mi | Collingwood Street, South Shields, NE33 | 2 | Flat | |
£550 | 07/24 | 0.56 mi | Collingwood Street, South Shields, NE33 | 2 | Flat | |
£500 | 10/23 | 0.56 mi | - | 2 | Flat | |
£700 | 04/25 | 0.57 mi | - | 2 | Flat | |
£575 | 03/24 | 0.57 mi | - | 2 | Flat | |
£599 | 01/25 | 0.57 mi | - | 2 | Flat | |
£650 | 02/24 | 0.6 mi | - | 2 | Flat | |
£700 | 05/24 | 0.62 mi | - | 2 | Flat | |
£700 | 07/24 | 0.62 mi | - | 2 | Flat |
Local Area Statistics
Population in NE34 | 52,10152,101 |
Population in South Shields | 79,43279,432 |
Town centre distance | 0.62 miles away0.62 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.29 miles away0.29 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 £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
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