3 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE34 9NE, £85,000

Galsworthy Road, South Shields, NE34 9NE - 9 views - 3 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 13%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£67K - £220K
Sold Prices/m²£918/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£87,550
BMV3%

 

 

End Value (After Refurb)

£117,951

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£35,600

Bridging Loan Interest

£2,231

Total Cash In

£64,581

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,951

Mortgage (After Refinance)

£88,463

Mortgage LTV

75%

Cash Released

£24,713

Cash Left In

£39,868

Equity

£29,488

Rent Range

£650 - £3,300

Rent Estimate

£1,348

Running Costs/mo

£658

Cashflow/mo

£690

Cashflow/yr

£8,278

ROI

13%

Gross Yield

19%

Local Sold Prices

50 sold prices from £67K to £220K, average is £104.5K. £918/m² to £2.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£100K10/210.06 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£90K03/210.09 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£88K06/210.12 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£120K02/230.13 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£85K07/230.13 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.13 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.13 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£86K06/210.15 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£85K06/210.15 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£105K07/230.16 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£120K10/230.16 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£72K09/230.16 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£80K05/230.17 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£77.5K11/200.19 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.19 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.19 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£93K08/210.19 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£220K09/220.21 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£96K02/210.23 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£97.5K03/230.27 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£215K07/230.28 mi6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£210K03/240.28 mi4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£186K11/200.29 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£91K04/230.3 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£90K12/230.31 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£155K02/210.31 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.31 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£81K12/220.34 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£88K01/210.35 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£110K12/210.36 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£165K06/210.36 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£102.3K12/200.37 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£105K11/230.4 mi41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW3
£132K06/230.4 mi116, Brockley Avenue, South Shields, Tyne And Wear NE34 0TY3
£102K08/230.41 mi2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU3
£112.5K09/230.41 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.41 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£132.5K12/220.43 mi32, Fox Avenue, South Shields, Tyne And Wear NE34 9RN3
£90K04/210.44 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.44 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£98K10/210.44 mi28, Tasmania Road, South Shields, Tyne And Wear NE34 9DX3
£140K04/230.46 mi23, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN3
£138.5K01/240.46 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£155K02/230.48 mi79, Dame Flora Robson Avenue, South Shields, Tyne And Wear NE34 9ED3
£120K09/230.49 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£220K01/220.5 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£105K09/210.5 mi128, Perth Avenue, South Shields, Tyne And Wear NE34 9DP3
£90K11/200.51 mi18, Foxglove Court, South Shields, Tyne And Wear NE34 0BH3
£110K10/230.52 mi73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB3
£152.5K09/210.53 mi93, Dame Flora Robson Avenue, South Shields, Tyne And Wear NE34 9ED3

Local Rents

18 rents from £650/mo to £3.3K/mo, average is £821/mo.

RentDateDistanceAddressBeds 
£65005/240.12 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.23 mi-3
£2,35005/240.38 mi-3
£2,35007/240.38 mi-3
£2,35001/250.38 mi-3
£2,20002/250.38 mi-3
£82503/250.39 mi-3
£81612/240.41 mi-3
£70012/240.51 miHeaton Gardens, South Shields, NE343
£77510/240.52 mi-3
£83006/240.55 mi-3
£83005/240.55 miGerald Street, South Shields, NE343
£83006/240.55 miGerald Street, South Shields, NE343
£65005/230.57 mi-3
£65005/230.57 mi-3
£75005/240.59 mi-3
£75005/240.59 mi-3
£3,30002/250.6 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.74 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 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 15, 2025

Description

  • Great Starter / First Time Home, Sold With Vacant Possession +
  • Ready For Personalisation & Modernisation +
  • Outskirts Of South Shields With Easy Access To Boldon +
  • Low Maintenance Outside Areas With A Driveway +
  • Reference : 449489 +

FOR SALE BY WAY OF ONLINE AUCTION - ON 30TH OF JANUARY 2025. Terms and Conditions apply. See Agents Property Auctions Website for full details.

Located on Galsworthy Road in the popular Biddick Hall area, this semi detached property occupies a generous plot with gardens to the front, side, and rear, along with a driveway providing off-road parking.

Offering excellent potential, this home invites buyers to personalise and add their own touches throughout. Inside, the layout features a welcoming porch leading to a hallway, a spacious lounge, and a kitchen/diner. Upstairs, there are three well sized bedrooms, a bathroom suite, and a separate WC. The property benefits from double glazing and ducted air heating.

With nearby local shops, amenities, and convenient bus links for commuters, this vacant property is ready for immediate occupancy, ideal for anyone looking to create their perfect home in a sought-after location.
ENTRANCE
Via UPVC door into Porch.
PORCH
Door into Hallway.
HALLWAY
Stairs to first floor landing and door into Lounge.
LOUNGE 5.56m (18'3) x 2.97m (9'9)
Two double glazed windows, laminate flooring and feature fireplace.
KITCHEN DINER 5.56m (18'3) x 3.48m (11'5)
Fitted with solid wood wall and base units with contrasting worktops, space for cooker, plumbing for washer, space for fridge freezer, tiling to splash areas, tiling to floor, two double glazed windows and understair storage cupboard.
FIRST FLOOR LANDING

BEDROOM ONE 3.73m (12'3) x 3.05m (10')
Double glazed window and storage cupboard.
BEDROOM TWO 3.12m (10'3) x 2.51m (8'3)
Double glazed window and storage cupboard.
BEDROOM THREE 3.05m (10'0) x 1.68m (5'6)
Double glazed window.
BATHROOM
Panelled bath with shower over and shower curtain, pedestal hand wash basin, double glazed window, tiling to floor and part tiling to walls.
SEPARATE W.C.
Low flush W.C., tiling to floor, part tiling to walls and double glazed window.
EXTERNALLY
Lawned garden to front and side and a patio garden to rear.
PARKING
Hard standing printed concrete driveway providing off road parking.
Tenure
The property is Freehold.
Auction Disclaimer
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:
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 9NE 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: D

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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