5 Bed Flat, Refurb/BRRR, South Shields, NE33 5SZ, £125,000

Thornton Avenue, South Shields, NE33 5SZ - 4 views - 3 months ago

Sold STC
Refurb/BRRR
~178 m²
+29 photos

ValuationFair Value

Sold Prices£87K - £550K
Sold Prices/m²£818/m² - £3.7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£701/m²

Value Estimate

£126,250

 

 

End Value (After Refurb)

£202,054

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£68,056

Bridging Loan Interest

£3,281

Total Cash In

£109,287

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,054

Mortgage (After Refinance)

£151,540

Mortgage LTV

75%

Cash Released

£57,790

Cash Left In

£51,497

Equity

£50,513

Rent Range

£550 - £2,000

Rent Estimate

£822

Running Costs/mo

£816

Cashflow/mo

£6

Cashflow/yr

£74

ROI

0%

Gross Yield

8%

Local Sold Prices

11 sold prices from £87K to £550K, average is £183.5K. £818/m² to £3.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£172K06/230.55 mi76, Alnwick Road, South Shields, Tyne And Wear NE34 0LB4
£130K10/200.59 mi78, Stanhope Road, South Shields, Tyne And Wear NE33 4BS4
£125K09/220.68 mi77, Egerton Road, South Shields, Tyne And Wear NE34 0RD4
£105K02/211.9 mi141, West Percy Street, North Shields, Tyne And Wear NE29 0BY4
£270K03/212.06 mi20, Renaissance Point, North Shields, Tyne And Wear NE30 1LA4
£183.5K12/202.34 mi51, Park Crescent, North Shields, Tyne And Wear NE30 2HR4
£230K03/212.63 mi23b, Albury Park Road, North Shields, Tyne And Wear NE30 2SH4
£550K10/202.64 mi12, Don Gardens, West Boldon, East Boldon, Tyne And Wear NE36 0QE4
£275K01/212.78 mi9a, Lovaine Row, North Shields, Tyne And Wear NE30 4HF4
£290K11/202.93 mi57, Percy Park, North Shields, Tyne And Wear NE30 4JX4
£87K06/232.95 mi7, Landfall Drive, Hebburn, Tyne And Wear NE31 1FE4

Local Rents

37 rents from £550/mo to £2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85005/240.08 mi-4
£55009/230.09 mi-3
£59005/240.24 miJohn Williamson Street, South Shields, Tyne And Wear, NE333
£65003/250.36 mi-3
£99506/240.37 miAlice Street, South Shields, NE335
£89006/240.37 mi-5
£1,10009/240.37 mi-5
£80012/240.37 mi-5
£67507/240.42 miVine Street, South Shields3
£60006/240.42 miWest Park, South Shields, NE33 4RG3
£60007/240.42 miWest Park, South Shields, NE33 4RG3
£55007/240.44 miStanhope Road, South Shields, Tyne and Wear, NE333
£80010/240.45 mi-3
£65003/250.45 mi-3
£75003/250.45 mi-6
£65005/240.46 mi-3
£79506/240.46 miVine Street, South Shields3
£69512/240.47 miRavensworth Terrace, South Shields3
£85005/240.47 mi-4
£85008/240.47 mi-4
£85008/240.47 mi-4
£85008/240.47 mi-4
£90003/250.47 mi-3
£62511/240.52 mi-3
£60005/240.54 mi-3
£60005/240.54 mi-3
£59502/250.56 mi-3
£75005/240.56 mi-3
£66503/250.57 mi-3
£79506/240.6 miWadham Terrace, South Shields, NE343
£79507/240.6 mi-3
£75007/240.6 miWest Harton, South Shields, NE34 0BU3
£75007/240.6 miWest Harton, South Shields, NE34 0BU3
£90006/240.61 miPalace Close South Shields3
£72003/240.62 miGordon Street, South Shields, Tyne And Wear, NE333
£2,00005/240.62 mi-3
£2,00007/240.62 mi-3

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.84 miles away

Nearest school

0.40 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £125,000

January 22, 2025

Description

  • Maisonette +
  • Five Bedrooms +
  • Modern Bathroom +
  • Full Renovation +
  • Original Features +
  • High Specification +
  • Private Yard +
  • Five Minute Commute to Town Centre +
  • Good Bus Routes and Metros +

Situated in the heart of a vibrant neighbourhood, this impeccably renovated 5-bedroom Masonite offers a perfect blend of modern amenities and classic charm. Boasting five generously sized bedrooms, this property provides ample space for comfortable living. The high specification throughout reflects the attention to detail put into the full renovation of this home. The modern bathroom adds a touch of luxury, while the private yard offers a tranquil retreat for outdoor relaxation. Original features such as intricate moldings and elegant hardwood floors add character and charm to this inviting space. With a five-minute commute to the bustling town centre and convenient access to good bus routes and metros, this property presents a perfect opportunity for those seeking a well-connected urban lifestyle.

Outside, this property offers a delightful outdoor space complete with two storage units and a large shed, providing plenty of room for storage and potential workshop space. The private yard provides a secluded area for outdoor gatherings or for simply enjoying a moment of tranquillity amidst the hustle and bustle of city life. With its convenient location and ample outdoor amenities, this property offers the best of both worlds - a peaceful haven in the midst of a vibrant urban landscape. Don't miss the opportunity to make this charming property your own and enjoy the relaxed and convenient lifestyle it has to offer.

Agent Details

Conway Christie, South Tyneside

0191 905 2852

Next Steps?

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