3 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE33 5RE, £115,000

Brunswick Street, South Shields, NE33 5RE - 3 views - 3 months ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 9%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£65K - £250K
Sold Prices/m²£855/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£118,450
BMV3%

 

 

End Value (After Refurb)

£110,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Refurb Costs

£35,501

Bridging Loan Interest

£3,019

Total Cash In

£73,670

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Left In

£73,670

Equity

£27,500

Rent Range

£515 - £3,500

Rent Estimate

£1,164

Running Costs/mo

£597

Cashflow/mo

£567

Cashflow/yr

£6,809

ROI

9%

Gross Yield

12%

Local Sold Prices

51 sold prices from £65K to £250K, average is £130K. £855/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£65K10/200.03 mi44, Brunswick Street, South Shields, Tyne And Wear NE33 5RE3
£83K04/210.03 mi24, Brunswick Street, South Shields, Tyne And Wear NE33 5RE3
£70K09/220.04 mi42, Brunswick Street, South Shields, Tyne And Wear NE33 5RE3
£100K03/230.1 mi3, Regent Court, South Shields, Tyne And Wear NE33 5RX3
£87K06/220.25 mi52, Newmarket Walk, South Shields, Tyne And Wear NE33 4NP3
£115K02/240.25 mi54, Newmarket Walk, South Shields, Tyne And Wear NE33 4NP3
£115K02/240.25 mi54, Newmarket Walk, South Shields, Tyne And Wear NE33 4NP3
£95K09/210.27 mi157, Victoria Road, South Shields, Tyne And Wear NE33 4LR3
£98K06/210.28 mi72, Commercial Road, South Shields, Tyne And Wear NE33 1SE3
£110K04/240.28 mi5, Cornwallis Square, South Shields, Tyne And Wear NE33 1SD3
£123K02/240.3 mi10, West Stevenson Street, South Shields, Tyne And Wear NE33 4AG3
£92K03/240.31 mi32, Chichester Road, South Shields, Tyne And Wear NE33 4AF3
£110K05/210.32 mi23, Darras Court, South Shields, Tyne And Wear NE33 4HT3
£142K08/230.32 mi24, Darras Court, South Shields, Tyne And Wear NE33 4HT3
£105K01/240.34 mi4, Ryton Court, South Shields, Tyne And Wear NE33 4HS3
£120K08/240.35 mi22, Delaval Court, South Shields, Tyne And Wear NE33 4DN3
£148.5K06/210.38 mi129, Westoe Road, South Shields, Tyne And Wear NE33 3PA3
£80K07/240.4 mi26, Wharton Street, South Shields, Tyne And Wear NE33 3JS3
£150K02/210.41 mi13, Romilly Street, South Shields, Tyne And Wear NE33 2SP3
£140.3K05/210.42 mi31, Robert Street, South Shields, Tyne And Wear NE33 3AG3
£230K02/230.42 mi9, Bolingbroke Street, South Shields, Tyne And Wear NE33 2SS3
£121K04/230.42 mi11, Raleigh Close, South Shields, Tyne And Wear NE33 5DG3
£177K09/230.43 mi5, Madeira Terrace, South Shields, Tyne And Wear NE33 3AQ3
£210K04/230.44 mi154, Westoe Road, South Shields, Tyne And Wear NE33 3PH3
£70K09/230.44 mi82, Northcote Street, South Shields, Tyne And Wear NE33 4DJ3
£116.5K05/210.45 mi58, Wharton Street, South Shields, Tyne And Wear NE33 3JX3
£154K08/240.45 mi58, Wharton Street, South Shields, Tyne And Wear NE33 3JX3
£126K04/210.46 mi197, East George Potts Street, South Shields, Tyne And Wear NE33 3PU3
£165K06/210.47 mi3, County Mews, South Shields, Tyne And Wear NE33 3LF3
£165K06/210.47 mi4, County Mews, South Shields, Tyne And Wear NE33 3LF3
£179K05/230.48 mi29, Salisbury Street, South Shields, Tyne And Wear NE33 2SZ3
£77K06/230.48 mi31, Salisbury Street, South Shields, Tyne And Wear NE33 2SZ3
£91K09/230.48 mi94, Ravensworth Terrace, South Shields, Tyne And Wear NE33 4JX3
£185K10/220.48 mi5, Fraser Close, South Shields, Tyne And Wear NE33 5AT3
£134.5K11/200.49 mi1, Fraser Close, South Shields, Tyne And Wear NE33 5AT3
£189K10/230.49 mi64, Spohr Terrace, South Shields, Tyne And Wear NE33 3LS3
£165K01/230.51 mi196, Westoe Road, South Shields, Tyne And Wear NE33 3PW3
£122K02/210.51 mi27, Ada Street, South Shields, Tyne And Wear NE33 3PX3
£250K07/230.51 mi5, Osborne Avenue, South Shields, Tyne And Wear NE33 3DQ3
£198K12/200.52 mi51, Osborne Avenue, South Shields, Tyne And Wear NE33 3DQ3
£167.5K06/210.54 mi46, Mortimer Road, South Shields, Tyne And Wear NE33 4TX3
£145K01/210.55 mi65, Mortimer Road, South Shields, Tyne And Wear NE33 4TS3
£215K07/230.57 mi24, Coble Landing, South Shields, Tyne And Wear NE33 1JW3
£240K07/220.58 mi31, Osborne Avenue, South Shields, Tyne And Wear NE33 3DQ3
£155K06/210.58 mi44, Oxford Avenue, South Shields, Tyne And Wear NE33 4TP3
£130K10/200.58 mi84 - 86, South Woodbine Street, South Shields, Tyne And Wear NE33 2TD3
£156K07/230.58 mi84 - 86, South Woodbine Street, South Shields, Tyne And Wear NE33 2TD3
£105K04/230.59 mi263, Dean Road, South Shields, Tyne And Wear NE33 5LD3
£190K12/220.6 mi29, Oxford Avenue, South Shields, Tyne And Wear NE33 4TP3
£120K07/210.61 mi8, The Potteries, South Shields, Tyne And Wear NE33 3DL3
£138.5K12/230.61 mi2, The Potteries, South Shields, Tyne And Wear NE33 3DL3

Local Rents

32 rents from £515/mo to £3.5K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£99905/240.14 miLaygate, South Shields, Tyne and Wear, NE333
£90006/240.15 miPalace Close South Shields3
£2,00005/240.29 mi-3
£2,00007/240.29 mi-3
£87512/240.3 mi-3
£65005/240.35 mi-3
£85012/240.37 mi-3
£77506/240.42 miRobert Street, South Shields3
£57505/240.42 mi-3
£2,25005/240.42 mi-3
£2,25007/240.42 mi-3
£2,25001/250.42 mi-3
£2,20004/250.42 mi-3
£72003/240.42 miGordon Street, South Shields, Tyne And Wear, NE333
£75005/240.45 mi-3
£62503/250.45 mi-3
£60005/240.46 mi-3
£51501/250.47 mi-3
£72505/240.47 mi-3
£59502/250.48 mi-3
£79505/240.49 mi-3
£69512/240.5 miRavensworth Terrace, South Shields3
£1,80005/240.5 mi-3
£1,80004/240.5 mi-3
£3,50003/250.5 mi-3
£1,80006/240.51 mi-3
£1,50012/240.51 mi-3
£88012/240.55 mi-3
£85012/240.55 miFitzpatrick Place, Tyne And Wear, NE333
£75001/250.56 mi-3
£89505/240.56 miErskine Road, South Shields, Tyne and Wear, NE333
£59005/240.58 miJohn Williamson Street, South Shields, Tyne And Wear, NE333

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £115,000

January 21, 2025

Description

  • Fantastic Location For Nearby Shops Within Walking Distance +
  • Ready For Modernisation & Personalisation ! +
  • Spacious Living Throughout Perfect For Families +
  • Well Proportioned Gardens To Front, Side & Rear +
  • Sold With Vacant Possession & No Onward Chain +
  • Reference : 454222 +

This semi detached house on Brunswick Street offers a fantastic opportunity for families seeking an affordable home in a prime location. With easy access to the Town Centre, residents can enjoy a variety of shops and amenities, while commuters will appreciate the nearby bus and Metro interchange for convenient travel across the North East.

The ground floor features an inviting entrance porch, a cosy front lounge, and a solid wood fitted kitchen/diner with space for appliances and a modern combi boiler installed in 2023. A convenient WC completes the ground floor. Upstairs, the property boasts three generously sized bedrooms and a well appointed shower room.

Outside, the property benefits from a lawned garden to the front and patio garden rear, as well as a private side garden with artificial grass and patio areas - perfect for relaxing or entertaining. This home is ideal for families but also offers investment potential, with the added advantage of being available with immediate vacant possession.

A wonderful opportunity not to be missed!
ENTRANCE
Via UPVC door into Porch.
PORCH
Laminate flooring, fully double glazed, storage cupboard and door into Hallway.
HALLWAY
Storage cupboard, laminate flooring, stairs to first floor Landing, access to Lounge, Kitchen and W.C.
LOUNGE 4.57m (15'0) x 4.57m (15')
Two double glazed windows, two radiators and feature fireplace.
KITCHEN DINER 4.57m (15'0) x 3.71m (12'2)
Fitted with solid wood wall and base units, plumbing for washer, space for cooker with extractor hood over, space for under bench fridge and freezer, laminate flooring, fitted breakfast bar, double glazed window, radiator and COMBI boiler is located here.
GROUND FLOOR W.C.
Low flush W.C., laminate flooring, double glazed window and tiling to walls.
FIRST FLOOR LANDING

BEDROOM ONE 4.57m (15'0) x 2.72m (8'11)
Double glazed window and radiator.
BEDROOM TWO 3.66m (12'0) x 2.74m (9')
Double glazed window, fitted wardrobes and radiator.
BEDROOM THREE 3.66m (12'0) x 1.78m (5'10)
Double glazed window and radiator.
SHOWER ROOM
Double shower cubicle, pedestal hand wash basin, low flush W.C., radiator, tiling to walls, double glazed window and vinyl flooring.
EXTERNALLY
Lanwed garden to front, patio garden to side with artificial grass which leads to the rear. To the rear, there is a low maintenance patio garden.
Tenure
The property is Freehold.
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 17 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE33 5RE 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:

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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