2 Bed Flat, Refurb/BRRR, South Shields, NE33 4SB, £74,995

Birchington Avenue, South Shields, Tyne and Wear, NE33 4SB - 2 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 5%

~68 m²

+14 photos

ValuationFair Value

Sold Prices	£37K - £152K
Sold Prices/m²	£323/m² - £2.6K/m²

Square Metres	~68.11 m²
Price/m²	£1.1K/m²
Value Estimate	£73,689£73,689

End Value (After Refurb)	£84,045£84,045
Uplift in Value	+12%+12%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£18,749£18,749
Stamp Duty & Legal Fees	£3,450£3,450
Refurb Costs	£26,000£26,000
Bridging Loan Interest	£1,969£1,969
Total Cash In	£51,917£51,917

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£84,045£84,045
Mortgage (After Refinance)	£63,034£63,034
Mortgage LTV	75%75%
Cash Released	£6,788£6,788
Cash Left In	£45,130£45,130
Equity	£21,011£21,011
Rent Range	£475 - £795£475 - £795
Rent Estimate	£612
Running Costs/mo	£405£405
Cashflow/mo	£207£207
Cashflow/yr	£2,484£2,484
ROI	5%5%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £37K to £152K, average is £73K. £323/m² to £2.6K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£84.5K	06/21	0.03 mi	125, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB	£1,158	73	2	Flat
£75K	06/21	0.12 mi	92, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA	£872	86	2	Flat
£68K	05/21	0.13 mi	313, Stanhope Road, South Shields, Tyne And Wear NE33 4SS	£1,133	60	2	Flat
£100K	09/23	0.15 mi	64, Ashley Road, South Shields, Tyne And Wear NE34 0PD	-	-	2	Flat
£107K	08/23	0.15 mi	92, Ashley Road, South Shields, Tyne And Wear NE34 0PD	£1,526	70	2	Flat
£63K	05/22	0.15 mi	13, Cranford Street, South Shields, Tyne And Wear NE34 0QN	£1,016	62	2	Flat
£42K	11/20	0.17 mi	194, Stanhope Road, South Shields, Tyne And Wear NE33 4ST	£408	103	2	Flat
£39.9K	07/21	0.21 mi	34, Talbot Road, South Shields, Tyne And Wear NE34 0QJ	£596	67	2	Flat
£82K	07/22	0.24 mi	10, Crofton Street, South Shields, Tyne And Wear NE34 0QP	£1,051	78	2	Flat
£83.5K	10/23	0.25 mi	57, Gordon Road, South Shields, Tyne And Wear NE34 0QR	£1,103	76	2	Flat
£90K	11/21	0.26 mi	15, Shrewsbury Terrace, South Shields, Tyne And Wear NE33 4LF	-	-	2	Flat
£72K	06/23	0.26 mi	39, West Park Road, South Shields, Tyne And Wear NE33 4LB	-	-	2	Flat
£76.5K	06/21	0.27 mi	11, Pembroke Terrace, South Shields, Tyne And Wear NE33 4LG	£1,134	67	2	Flat
£37.5K	11/20	0.28 mi	17, Egerton Road, South Shields, Tyne And Wear NE34 0QH	£323	116	2	Flat
£48K	11/20	0.29 mi	157, Talbot Road, South Shields, Tyne And Wear NE34 0RG	£632	76	2	Flat
£74K	06/23	0.29 mi	18, Crondall Street, South Shields, Tyne And Wear NE33 4BL	-	-	2	Flat
£78K	06/21	0.29 mi	22, Newbury Street, South Shields, Tyne And Wear NE33 4UE	£1,130	69	2	Flat
£82.5K	09/23	0.3 mi	12, Clifton Terrace, South Shields, Tyne And Wear NE33 4LD	£1,166	71	2	Flat
£73K	01/21	0.31 mi	184, Ashley Road, South Shields, Tyne And Wear NE34 0PQ	-	-	2	Flat
£85K	05/23	0.31 mi	19, Birchington Avenue, South Shields, Tyne And Wear NE33 4TY	£1,103	77	2	Flat
£45K	07/21	0.31 mi	91, Collingwood Street, South Shields, Tyne And Wear NE33 4JZ	£811	55	2	Flat
£56K	03/21	0.33 mi	292, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ	£875	64	2	Flat
£107.5K	05/21	0.33 mi	326, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ	-	-	2	Flat
£74K	11/20	0.34 mi	164, Talbot Road, South Shields, Tyne And Wear NE34 0RF	£1,213	61	2	Flat
£65K	08/21	0.34 mi	241, Dean Road, South Shields, Tyne And Wear NE33 5LD	-	-	2	Flat
£73K	11/21	0.36 mi	41, Oxford Street, South Shields, Tyne And Wear NE33 4BH	£1,091	67	2	Flat
£95K	11/21	0.36 mi	50, Oxford Street, South Shields, Tyne And Wear NE33 4BH	£1,322	72	2	Flat
£70K	08/21	0.36 mi	386, Dean Road, South Shields, Tyne And Wear NE33 5LL	-	-	2	Flat
£70K	02/21	0.36 mi	107, Mortimer Road, South Shields, Tyne And Wear NE33 4UH	£972	72	2	Flat
£78K	06/22	0.37 mi	78, Nora Street, South Shields, Tyne And Wear NE34 0RB	£1,026	76	2	Flat
£117K	12/23	0.37 mi	64, Warwick Road, South Shields, Tyne And Wear NE34 0SQ	£1,669	70	2	Flat
£108K	09/21	0.37 mi	40, Warwick Road, South Shields, Tyne And Wear NE34 0SQ	£1,588	68	2	Flat
£65K	05/21	0.37 mi	58, Nora Street, South Shields, Tyne And Wear NE34 0RB	-	-	2	Flat
£110K	09/21	0.38 mi	84, Hepscott Terrace, South Shields, Tyne And Wear NE33 4TJ	£1,642	67	2	Flat
£58.5K	07/23	0.43 mi	117, Marlborough Street South, South Shields, Tyne And Wear NE33 4DB	£802	73	2	Flat
£67.5K	12/22	0.43 mi	49, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ	£1,023	66	2	Flat
£50K	01/23	0.43 mi	38, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ	-	-	2	Flat
£56K	12/22	0.45 mi	2, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW	-	-	2	Flat
£80.5K	01/23	0.46 mi	83, Canterbury Street, South Shields, Tyne And Wear NE33 4DD	-	-	2	Flat
£110K	07/21	0.47 mi	36, Cauldwell Place, South Shields, Tyne And Wear NE34 0SA	£2,558	43	2	Flat
£97K	05/23	0.48 mi	54, Hartington Terrace, South Shields, Tyne And Wear NE33 4DE	£1,102	88	2	Flat
£55K	01/21	0.5 mi	26, Northcote Street, South Shields, Tyne And Wear NE33 4BY	£859	64	2	Flat
£52.5K	09/21	0.51 mi	367, Taylor Street, South Shields, Tyne And Wear NE33 5AW	£808	65	2	Flat
£53K	10/23	0.51 mi	387, Taylor Street, South Shields, Tyne And Wear NE33 5AW	-	-	2	Flat
£53.5K	06/23	0.52 mi	129, Alice Street, South Shields, Tyne And Wear NE33 5PG	£1,025	52	2	Flat
£48K	05/21	0.52 mi	91, Northcote Street, South Shields, Tyne And Wear NE33 4DJ	£727	66	2	Flat
£137.5K	01/23	0.53 mi	42, Cauldwell Place, South Shields, Tyne And Wear NE34 0SA	£2,594	53	2	Flat
£68K	03/21	0.56 mi	12, Thornton Avenue, South Shields, Tyne And Wear NE33 5SZ	£986	69	2	Flat
£37K	06/21	0.56 mi	102, Boldon Lane, South Shields, Tyne And Wear NE34 0BY	£627	59	2	Flat
£152K	03/21	0.6 mi	6, Kensington Court, South Shields, Tyne And Wear NE33 3DT	£1,670	91	2	Flat

Local Rents

51 rents from £475/mo to £795/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£695	12/24	0.13 mi	-	2	Flat
£520	03/24	0.13 mi	-	2	Flat
£650	04/24	0.13 mi	-	2	Flat
£625	06/24	0.15 mi	Ashley Road, South Shields	2	Flat
£600	04/25	0.16 mi	-	2	Flat
£750	03/25	0.2 mi	-	2	Flat
£585	09/24	0.2 mi	-	2	Flat
£650	06/24	0.21 mi	Talbot Road, South Shields, South Tyneside	2	Flat
£600	11/23	0.21 mi	-	2	Flat
£600	04/25	0.22 mi	-	2	Flat
£520	09/23	0.23 mi	-	2	Flat
£650	10/23	0.24 mi	-	2	Flat
£475	12/24	0.24 mi	33 Revesby Street South Shields NE33 4SY	2	Flat
£625	05/24	0.27 mi	Gordon Road, South Shields, Tyne and Wear, NE34	2	Terraced House
£520	02/24	0.28 mi	-	2	Flat
£550	07/24	0.28 mi	-	2	Flat
£600	05/24	0.28 mi	-	2	Flat
£500	06/24	0.32 mi	West Harton, South Shields, NE34 0JR	2	Flat
£550	07/24	0.33 mi	-	2	Flat
£550	06/24	0.33 mi	Collingwood Street, South Shields, NE33	2	Flat
£550	07/24	0.33 mi	Collingwood Street, South Shields, NE33	2	Flat
£700	04/25	0.33 mi	-	2	Flat
£650	06/24	0.34 mi	Westcott Road, South Shields	2	Flat
£795	05/24	0.34 mi	Nora Street, South Shields	2	Detached House
£575	03/24	0.34 mi	-	2	Flat
£600	12/23	0.35 mi	-	2	Flat
£550	05/24	0.36 mi	-	2	Flat
£650	02/24	0.36 mi	-	2	Flat
£700	04/25	0.38 mi	-	2	Flat
£700	05/24	0.39 mi	-	2	Flat
£700	07/24	0.39 mi	-	2	Flat
£625	12/23	0.4 mi	-	2	Flat
£650	12/24	0.4 mi	Low Lane, South Shields, Tyne And Wear, NE34	2	Flat
£670	02/25	0.45 mi	-	2	Flat
£650	03/25	0.45 mi	-	2	Flat
£695	07/24	0.45 mi	Oxford Avenue, South Shields	2	Flat
£575	06/24	0.46 mi	-	2	Flat
£685	03/25	0.47 mi	-	2	Flat
£685	04/25	0.47 mi	-	2	Flat
£600	04/25	0.52 mi	-	2	Flat
£599	01/25	0.54 mi	-	2	Flat
£650	04/25	0.55 mi	-	2	Flat
£600	08/24	0.55 mi	-	2	Flat
£500	10/23	0.55 mi	-	2	Flat
£750	03/25	0.57 mi	-	2	Flat
£600	05/24	0.58 mi	-	2	Flat
£650	09/23	0.58 mi	-	2	Flat
£650	09/23	0.58 mi	-	2	Flat
£600	05/24	0.59 mi	-	2	Flat
£575	05/24	0.6 mi	-	2	Flat
£550	03/25	0.6 mi	-	2	Flat

Local Area Statistics

Population in NE33	27,26227,262
Population in South Shields	79,43279,432
Town centre distance	0.38 miles away0.38 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £74,995

January 27, 2025

Floor Plans

Description

2 Bedrooms with the possibility of 3 +
Great Opportunity For Investors or First Time Buyers +
Spacious Rooms +
Popular Location +
Private Yard +
EPC Ordered +

Property Description: Birchington Avenue, South Shields, Tyne and Wear, NE33 4SB

Located in the ever-popular area of Birchington Avenue, this 2-bedroom, 2-reception room upstairs flat offers an excellent investment opportunity for buy-to-let landlords or anyone looking to add value through renovation or to move in themselves. The property is ideally positioned close to Ashley Primary School, St Wilfred’s, and a wealth of local amenities. With convenient access to South Shields town centre and other sought-after areas, it’s perfectly situated for commuters and families alike.

Inside, the flat features two generously sized reception rooms, providing ample living space and the flexibility to reconfigure into a 3-bedroom layout if required. The galley kitchen leads to the bathroom, while the private yard at the rear offers space for a seating area, making it ideal for outdoor relaxation.

While the property does require work throughout, it presents a fantastic opportunity to create a bespoke home or a lucrative rental property in a highly desirable location.

Don’t miss out—contact us today on or email us on or to arrange a viewing!

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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