2 Bed Bungalow, Refurb/BRRR, South Shields, NE34 6DT, £230,000





ValuationOvervalued
Sold Prices | £45K - £395K |
Sold Prices/m² | £776/m² - £6.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.4K/m² |
Value Estimate | £125,773£125,773 |
| |
End Value (After Refurb) | £195,000£195,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £57,500£57,500 |
Stamp Duty & Legal Fees | £8,100£8,100 |
Refurb Costs | £26,073£26,073 |
Bridging Loan Interest | £6,038£6,038 |
Total Cash In | £99,460£99,460 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £195,000£195,000 |
Mortgage (After Refinance) | £146,250£146,250 |
Mortgage LTV | 75%75% |
Cash Left In | £99,460£99,460 |
Equity | £48,750£48,750 |
Rent Range | £475 - £2,000£475 - £2,000 |
Rent Estimate | £727 |
Running Costs/mo | £775£775 |
Cashflow/mo | £-48£-48 |
Cashflow/yr | £-573£-573 |
Gross Yield | 4%4% |
Local Sold Prices
50 sold prices from £45K to £395K, average is £162.5K. £776/m² to £6.7K/m², average is £1.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£200K | 02/23 | 0.07 mi | 22, Summerhill Road, South Shields, Tyne And Wear NE34 6DT | - | - | 2 | Semi-Detached House | |
£222.5K | 06/23 | 0.07 mi | 18, Summerhill Road, South Shields, Tyne And Wear NE34 6DT | - | - | 2 | Semi-Detached House | |
£260K | 01/24 | 0.16 mi | 51, Lisle Road, South Shields, Tyne And Wear NE34 6DH | £3,333 | 78 | 2 | Bungalow | |
£282.5K | 07/23 | 0.18 mi | 7, Fairview Avenue, South Shields, Tyne And Wear NE34 6DD | £2,716 | 104 | 2 | Semi-Detached House | |
£160K | 07/23 | 0.19 mi | 167, Harton House Road, South Shields, Tyne And Wear NE34 6EA | - | - | 2 | Semi-Detached House | |
£125K | 08/23 | 0.22 mi | 34, Harton Rise, South Shields, Tyne And Wear NE34 6DY | - | - | 2 | Semi-Detached House | |
£160K | 12/20 | 0.22 mi | 39, Harton Rise, South Shields, Tyne And Wear NE34 6DY | £1,739 | 92 | 2 | Semi-Detached House | |
£75K | 02/21 | 0.22 mi | 72, The High Road, South Shields, Tyne And Wear NE34 6QF | £1,155 | 65 | 2 | Semi-Detached House | |
£156K | 01/23 | 0.26 mi | 99, Harton House Road, South Shields, Tyne And Wear NE34 6EB | £2,557 | 61 | 2 | Semi-Detached House | |
£146K | 11/21 | 0.26 mi | 99, Harton House Road, South Shields, Tyne And Wear NE34 6EB | £2,393 | 61 | 2 | Semi-Detached House | |
£90K | 08/23 | 0.27 mi | 81, St Cuthberts Avenue, South Shields, Tyne And Wear NE34 6JZ | £1,286 | 70 | 2 | Terraced House | |
£149.9K | 09/21 | 0.27 mi | 19, Horsley Vale, South Shields, Tyne And Wear NE34 6JP | - | - | 2 | Semi-Detached House | |
£159.9K | 08/21 | 0.28 mi | 1, Horsley Vale, South Shields, Tyne And Wear NE34 6JF | £2,461 | 65 | 2 | Semi-Detached House | |
£200K | 09/21 | 0.28 mi | 2, St Marys Avenue, South Shields, Tyne And Wear NE34 6AF | - | - | 2 | Semi-Detached House | |
£97.5K | 12/23 | 0.32 mi | 208, Highfield Road, South Shields, Tyne And Wear NE34 6LF | £1,134 | 86 | 2 | Terraced House | |
£115K | 08/23 | 0.33 mi | 71, Cheviot Road, South Shields, Tyne And Wear NE34 7LJ | £1,610 | 71 | 2 | Terraced House | |
£115K | 02/23 | 0.33 mi | 13, Russell Avenue, South Shields, Tyne And Wear NE34 6PN | £1,885 | 61 | 2 | Semi-Detached House | |
£175K | 02/23 | 0.34 mi | 60, Highfield Drive, South Shields, Tyne And Wear NE34 6JE | - | - | 2 | Semi-Detached House | |
£105K | 08/23 | 0.35 mi | 88, Norham Avenue South, South Shields, Tyne And Wear NE34 7LT | £1,400 | 75 | 2 | Terraced House | |
£115K | 03/21 | 0.35 mi | 76, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DY | £1,625 | 71 | 2 | Terraced House | |
£167K | 07/24 | 0.36 mi | 33, Highfield Drive, South Shields, Tyne And Wear NE34 6JD | £2,152 | 78 | 2 | Semi-Detached House | |
£120K | 02/23 | 0.37 mi | 29, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DX | £1,690 | 71 | 2 | Terraced House | |
£94.3K | 09/21 | 0.4 mi | 39, St Marys Avenue, South Shields, Tyne And Wear NE34 6QA | £1,258 | 75 | 2 | Semi-Detached House | |
£109K | 09/21 | 0.4 mi | 35, Frenchmans Way, South Shields, Tyne And Wear NE34 7TS | £1,198 | 91 | 2 | Semi-Detached House | |
£75K | 02/21 | 0.4 mi | 27, Frenchmans Way, South Shields, Tyne And Wear NE34 7TS | - | - | 2 | Semi-Detached House | |
£165K | 01/24 | 0.43 mi | 42, Callum Drive, South Shields, Tyne And Wear NE34 6TZ | £2,761 | 60 | 2 | Terraced House | |
£290K | 06/23 | 0.45 mi | 27, North Avenue, South Shields, Tyne And Wear NE34 6BB | £3,512 | 83 | 2 | Semi-Detached House | |
£100K | 07/24 | 0.46 mi | 24, Devon Gardens, South Shields, Tyne And Wear NE34 7HY | £1,667 | 60 | 2 | Bungalow | |
£117K | 09/23 | 0.46 mi | 9, Devon Gardens, South Shields, Tyne And Wear NE34 7HY | - | - | 2 | Semi-Detached House | |
£87.8K | 03/21 | 0.46 mi | 1, Devon Gardens, South Shields, Tyne And Wear NE34 7HY | £1,595 | 55 | 2 | Semi-Detached House | |
£45K | 01/21 | 0.46 mi | 16, Devon Gardens, South Shields, Tyne And Wear NE34 7HY | £776 | 58 | 2 | Semi-Detached House | |
£390K | 06/24 | 0.46 mi | 30, Central Avenue, South Shields, Tyne And Wear NE34 6AZ | £4,021 | 97 | 2 | Bungalow | |
£200K | 09/23 | 0.48 mi | 27, Central Avenue, South Shields, Tyne And Wear NE34 6AY | £2,105 | 95 | 2 | Semi-Detached House | |
£395K | 10/23 | 0.48 mi | 21, Central Avenue, South Shields, Tyne And Wear NE34 6AY | - | - | 2 | Semi-Detached House | |
£220K | 08/21 | 0.49 mi | 8, Central Gardens, South Shields, Tyne And Wear NE34 6BA | - | - | 2 | Semi-Detached House | |
£230K | 06/24 | 0.49 mi | 17, Central Gardens, South Shields, Tyne And Wear NE34 6BA | - | - | 2 | Bungalow | |
£220K | 01/21 | 0.49 mi | 13, Central Gardens, South Shields, Tyne And Wear NE34 6BA | - | - | 2 | Semi-Detached House | |
£118.3K | 06/23 | 0.5 mi | 12, Widdrington Avenue, South Shields, Tyne And Wear NE34 7TH | £1,443 | 82 | 2 | Semi-Detached House | |
£78K | 05/21 | 0.5 mi | 36, Widdrington Avenue, South Shields, Tyne And Wear NE34 7TH | £1,114 | 70 | 2 | Semi-Detached House | |
£235K | 06/21 | 0.5 mi | 8, North View, South Shields, Tyne And Wear NE34 6HQ | - | - | 2 | Semi-Detached House | |
£295K | 11/21 | 0.51 mi | 3, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ | £6,670 | 44 | 2 | Semi-Detached House | |
£185K | 04/23 | 0.51 mi | 40, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ | £3,062 | 60 | 2 | Semi-Detached House | |
£300K | 09/23 | 0.51 mi | 20, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ | - | - | 2 | Detached House | |
£217K | 05/23 | 0.51 mi | 4, Braemar Drive, South Shields, Tyne And Wear NE34 7TZ | - | - | 2 | Terraced House | |
£265K | 12/22 | 0.51 mi | 70, West Avenue, South Shields, Tyne And Wear NE34 6BD | £3,059 | 87 | 2 | Detached House | |
£248.5K | 12/20 | 0.56 mi | 27, Southfield Road, South Shields, Tyne And Wear NE34 6HJ | £2,124 | 117 | 2 | Semi-Detached House | |
£215K | 01/24 | 0.57 mi | 39, Bamburgh Avenue, South Shields, Tyne And Wear NE34 7TJ | £3,071 | 70 | 2 | Semi-Detached House | |
£242.3K | 06/23 | 0.57 mi | 8, West Avenue, South Shields, Tyne And Wear NE34 6QU | - | - | 2 | Detached House | |
£142K | 01/21 | 0.61 mi | 10, Prince Of Wales Close, South Shields, Tyne And Wear NE34 6QT | £1,596 | 89 | 2 | Semi-Detached House | |
£225K | 02/23 | 0.62 mi | 161, Grosvenor Road, South Shields, Tyne And Wear NE33 3HL | - | - | 2 | Semi-Detached House |
Local Rents
50 rents from £475/mo to £2K/mo, average is £628/mo.
Rent | Date | Distance | Address | Beds | Type | |
£2,000 | 05/24 | 0.21 mi | - | 2 | Semi-Detached House | |
£800 | 04/25 | 0.28 mi | - | 2 | Semi-Detached House | |
£675 | 07/24 | 0.79 mi | Redwood Avenue, Cleadon Vale, South Shields, Tyne and Wear, NE34 8DF | 2 | Flat | |
£695 | 07/24 | 0.87 mi | Oxford Avenue, South Shields | 2 | Flat | |
£775 | 07/24 | 0.91 mi | Ingham House, South Shields | 2 | Flat | |
£575 | 06/24 | 0.92 mi | - | 2 | Flat | |
£495 | 06/24 | 0.96 mi | Coleridge Avenue, South Shields | 2 | Flat | |
£600 | 05/24 | 0.96 mi | - | 2 | Flat | |
£850 | 05/24 | 0.96 mi | - | 2 | Flat | |
£475 | 07/24 | 0.98 mi | 93 St Vincent Street South Shields NE33 3AS | 2 | Flat | |
£520 | 02/24 | 0.98 mi | - | 2 | Flat | |
£550 | 07/24 | 0.98 mi | - | 2 | Flat | |
£550 | 04/25 | 0.98 mi | - | 2 | Flat | |
£695 | 02/24 | 0.99 mi | - | 2 | Flat | |
£650 | 04/24 | 0.99 mi | - | 2 | Flat | |
£695 | 12/24 | 0.99 mi | - | 2 | Flat | |
£795 | 05/24 | 1 mi | Nora Street, South Shields | 2 | Detached House | |
£600 | 04/25 | 1.04 mi | - | 2 | Flat | |
£700 | 04/25 | 1.06 mi | - | 2 | Flat | |
£625 | 04/25 | 1.07 mi | - | 2 | Flat | |
£650 | 02/24 | 1.08 mi | - | 2 | Flat | |
£600 | 04/25 | 1.08 mi | - | 2 | Flat | |
£625 | 06/24 | 1.09 mi | Ashley Road, South Shields | 2 | Flat | |
£595 | 06/24 | 1.1 mi | - | 2 | Flat | |
£595 | 02/25 | 1.1 mi | - | 2 | Flat | |
£675 | 05/24 | 1.1 mi | 96 Imeary Street, South Shields | 2 | Terraced House | |
£645 | 06/24 | 1.1 mi | Imeary Street, South Shields, Tyne and Wear, NE33 | 2 | Terraced House | |
£600 | 06/24 | 1.1 mi | - | 2 | Flat | |
£600 | 04/25 | 1.1 mi | - | 2 | Flat | |
£600 | 04/25 | 1.1 mi | - | 2 | Flat | |
£700 | 04/25 | 1.11 mi | - | 2 | Flat | |
£600 | 12/23 | 1.12 mi | - | 2 | Flat | |
£700 | 05/24 | 1.13 mi | - | 2 | Flat | |
£700 | 07/24 | 1.13 mi | - | 2 | Flat | |
£520 | 03/24 | 1.13 mi | - | 2 | Flat | |
£550 | 07/24 | 1.13 mi | - | 2 | Flat | |
£550 | 06/24 | 1.13 mi | Collingwood Street, South Shields, NE33 | 2 | Flat | |
£550 | 07/24 | 1.13 mi | Collingwood Street, South Shields, NE33 | 2 | Flat | |
£695 | 05/24 | 1.14 mi | Spohr Terrace, South Shields | 2 | Flat | |
£695 | 05/24 | 1.15 mi | - | 2 | Flat | |
£600 | 05/24 | 1.15 mi | - | 2 | Flat | |
£650 | 06/24 | 1.15 mi | Westcott Road, South Shields | 2 | Flat | |
£575 | 03/24 | 1.15 mi | - | 2 | Flat | |
£585 | 09/24 | 1.16 mi | - | 2 | Flat | |
£650 | 06/24 | 1.16 mi | Talbot Road, South Shields, South Tyneside | 2 | Flat | |
£750 | 03/25 | 1.16 mi | - | 2 | Flat | |
£630 | 06/24 | 1.16 mi | - | 2 | Flat | |
£750 | 03/25 | 1.17 mi | - | 2 | Terraced House | |
£795 | 05/24 | 1.17 mi | Sea Winnings Way, South Shields | 2 | Flat | |
£550 | 01/25 | 1.18 mi | - | 2 | Flat |
Local Area Statistics
Population in NE34 | 52,10152,101 |
Population in South Shields | 79,43279,432 |
Town centre distance | 0.75 miles away0.75 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 1.31 miles away1.31 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 £230,000
January 23, 2025
Description
- Offering Great Opportunities +
- One Level Versatile Living +
- Ample Parking To The Front +
- Perfect Location For Shops, Transport Links and Well Regarded Schools +
- Popular and Sought After Location +
- Reference: 445979 +
Tucked away in the highly sought-after Summerhill Road, this charming two/three bedroom semi detached bungalow offers the perfect opportunity for single level living, sold with vacant possession. Offered with a blank canvas ready for someone to put their own stamp on. The well designed floor plan includes a welcoming Entrance Lobby, a spacious front facing Lounge, two Bedrooms, and a practical Shower Room. A separate Dining Room flows effortlessly into the Kitchen, creating an ideal space for everyday living.
With great potential for modernisation and personalisation, this property is ideally located close to local shops, amenities, and coastal attractions. Perfect for those looking to downsize and seeking manageable outdoor spaces, this home offers the ideal blend of comfort and convenience. The Town Centre is just a short distance away, with a variety of shops, restaurants, and amenities offering both convenience and leisure. This is a wonderful opportunity to make the most of a fantastic location and create your ideal home.
ENTRANCE
Via UPVC door into hallway.
HALLWAY
Door into lounge.
LOUNGE 11m (36'1) x 4.8m (15'9)
Double glazed window to front and radiator.
DINING ROOM 4.06m (13'4) x 3.73m (12'3)
Double glazed window, radiator, feature fireplace with electric fire, coving to ceiling and open into:-
KITCHEN 3.56m (11'8) x 2.21m (7'3)
Basic range of wall and base units with contrasting worktops, integrated oven and hob with over head steel extractor, plumbing for washing machine, space for fridge freezer, space for dishwasher, laminate flooring, tiling to splash area, double glazed window, UPVC door to rear and COMBI boiler is located here.
BEDROOM ONE 4.39m (14'5) x 3.4m (11'2)
Double glazed bay window to front and radiator.
BEDROOM TWO 4.11m (13'6) x 2.57m (8'5)
Double glazed window and radiator.
SHOWER ROOM
Shower cubicle, hand wash basin, low flush w.c., cladding to walls, vinyl flooring, radiator and double glazed window.
EXTERNALLY
Sunny aspect garden to rear.
DRIVEWAY
Brick paved driveway to front providing parking for one car.
GARAGE
Attached single garage to side accessed via up and over door.
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
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.
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.
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 12 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 6DT 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 C
EPC Rating: D
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