2 Bed Flat, Refurb/BRRR, North Shields, NE30 2HH, £139,950

Kitchener Terrace, North Shields, North Tyneside, NE30 2HH - 2 views - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£97.5K - £255K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£133,974

 

 

End Value (After Refurb)

£173,753

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£5,399

Refurb Costs

£26,080

Bridging Loan Interest

£3,674

Total Cash In

£71,890

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£173,753

Mortgage (After Refinance)

£130,314

Mortgage LTV

75%

Cash Released

£25,352

Cash Left In

£46,538

Equity

£43,438

Rent Range

£600 - £1,545

Rent Estimate

£855

Running Costs/mo

£734

Cashflow/mo

£121

Cashflow/yr

£1,452

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97.5K to £255K, average is £154.5K. £1.1K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£195.3K01/230.01 mi47, Kitchener Terrace, North Shields, Tyne And Wear NE30 2HH2
£184.7K09/220.02 mi13, Kitchener Terrace, North Shields, Tyne And Wear NE30 2HH2
£175K03/230.04 mi47, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£165K06/230.04 mi23, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£175K06/230.04 mi14, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£130K04/210.04 mi9, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£167K01/230.04 mi9, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£147.5K02/210.05 mi25, Park Crescent East, North Shields, Tyne And Wear NE30 2HQ2
£147.5K04/210.05 mi12, Park Crescent East, North Shields, Tyne And Wear NE30 2HQ2
£147.5K02/210.05 mi23, Park Crescent East, North Shields, Tyne And Wear NE30 2HQ2
£150K07/210.06 mi19, Park Terrace, North Shields, Tyne And Wear NE30 2HA2
£155K07/210.06 mi28, Park Terrace, North Shields, Tyne And Wear NE30 2HA2
£155K07/210.06 mi29, Park Terrace, North Shields, Tyne And Wear NE30 2HA2
£181K01/230.06 mi6, Park Terrace, North Shields, Tyne And Wear NE30 2HA2
£175K11/230.07 mi62, Washington Terrace, North Shields, Tyne And Wear NE30 2HG2
£192.1K04/230.08 mi53, Princes Street, North Shields, Tyne And Wear NE30 2HN2
£147.5K07/210.08 mi75, Princes Street, North Shields, Tyne And Wear NE30 2HN2
£182K08/230.1 mi46, Washington Terrace, North Shields, Tyne And Wear NE30 2HJ2
£145K06/210.11 mi44, Washington Terrace, North Shields, Tyne And Wear NE30 2HJ2
£130K09/220.12 mi69, Jackson Street, North Shields, Tyne And Wear NE30 2HY2
£165.5K11/220.14 mi29, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP2
£132.5K10/230.15 mi39, Coburg Street, North Shields, Tyne And Wear NE30 2HX2
£154K03/230.16 mi54, Tynemouth Road, North Shields, Tyne And Wear NE30 1EE2
£125K11/200.16 mi46, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£144K07/230.16 mi63, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£130K01/210.16 mi69, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£120K06/210.16 mi71, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£128.5K06/230.16 mi65, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£150K01/230.17 mi40, Hazeldene Court, North Shields, Tyne And Wear NE30 4AD2
£100K02/210.17 mi21, Jackson Street, North Shields, Tyne And Wear NE30 2HT2
£100K02/210.17 mi23, Jackson Street, North Shields, Tyne And Wear NE30 2HT2
£162K11/200.18 mi53a, Park Crescent, North Shields, Tyne And Wear NE30 2HR2
£97.5K09/230.19 mi18, Linskill Park, North Shields, Tyne And Wear NE30 2BF2
£100K11/200.22 mi45, River View, North Shields, Tyne And Wear NE30 4AF2
£175K02/230.22 mi34a, Linskill Terrace, North Shields, Tyne And Wear NE30 2EN2
£114K08/210.23 mi37, North King Street, North Shields, Tyne And Wear NE30 2HS2
£215K07/230.26 mi14, Hulne Avenue, North Shields, Tyne And Wear NE30 2SA2
£120K07/230.29 mi23, Grey Street, North Shields, Tyne And Wear NE30 2DZ2
£164.9K09/230.32 mi35, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£164.9K09/230.32 mi33, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£175K03/210.32 mi8, Birtley Avenue, North Shields, Tyne And Wear NE30 2RR2
£180K07/230.32 mi7, Birtley Avenue, North Shields, Tyne And Wear NE30 2RR2
£174K12/220.33 mi153, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£159.9K07/230.35 mi25, Drummond Terrace, North Shields, Tyne And Wear NE30 2AW2
£112K10/200.35 mi10, Renaissance Point, North Shields, Tyne And Wear NE30 1LA2
£255K12/200.36 mi24, Kingswood Court, North Shields, Tyne And Wear NE30 4DH2
£110K11/220.36 mi94, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£195K06/210.36 mi17, Renaissance Point, North Shields, Tyne And Wear NE30 1LA2
£181K02/240.36 mi11, Renaissance Point, North Shields, Tyne And Wear NE30 1LA2
£111.5K12/220.37 mi62, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2

Local Rents

51 rents from £600/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£67512/230.04 mi-2
£72508/240.04 mi-2
£72506/240.04 miDonkin Terrace, North Shields2
£79505/240.05 miPark Crescent East, North Shields2
£80005/240.07 miWashington Terrace, North Shields2
£82507/240.12 miPark Crescent, North Shields2
£1,20008/240.12 miRosedale Terrace, North Shields2
£60005/240.13 miGrey Street, North Shields2
£75005/240.14 miCoburg Street, North Shields2
£82008/240.14 miRosedale Terrace, North Shields, Tyne and Wear, NE30 2HP2
£70008/240.15 mi-2
£70008/240.15 mi-2
£85007/240.2 miPark Crescent, North Shields2
£89507/240.21 mi-2
£79503/250.21 mi-2
£69507/240.22 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£69507/240.22 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£92508/240.23 miHarbour Apartments, East Percy Street2
£1,54502/240.24 mi-2
£95006/240.27 miHulne Avenue, North Shields2
£95006/240.27 miHulne Avenue, North Shields2
£1,00007/240.27 miJackson Street West, North Shields2
£1,37506/240.3 miBeanley Crescent, North Shields2
£85001/250.3 mi-2
£69507/240.32 miGrey Street, North Shields2
£80007/240.32 mi38 Trevor Terrace2
£79506/240.35 miDrummond Terrace, North Shields, Tyne and Wear, NE302
£1,25007/240.35 miIrvin Building, North Shields. NE30 1BH **STUNNING APARTMENT**2
£1,00005/240.35 miThe Irvin Building, North Shields, Tyne & Wear, NE302
£80007/240.36 miTrevor Terrace, North Shields2
£62201/250.36 mi-2
£75005/240.37 miTrevor Terrace, North Shields2
£85005/240.37 miBelford Terrace, North Shields2
£75006/240.37 miTrevor Terrace, North Shields. NE30 2DE2
£75008/240.37 miTrevor Terrace, North Shields. NE30 2DE2
£75005/240.37 miMilitary Road, North Shields2
£97512/240.38 mi-2
£79506/240.4 miBelford Terrace, North Shields, Tyne And Wear, NE302
£1,00005/240.41 miUnion Quay, North Shields2
£75005/240.41 miTrevor Terrace, North Shields2
£95005/240.41 miSovereign House, Tynemouth2
£75006/240.41 miOxford Street, Tynemouth, Newcastle upon Tyne, NE302
£80006/240.41 miNelson House, Oxford Street, Tynemouth2
£90006/240.43 miPriory Mews, Tynemouth2
£90007/240.43 miPriory Mews Oxford Street, Tynemouth2
£89505/240.43 mi-2
£89506/240.43 mi-2
£89506/240.43 miBamborough Terrace, North Shields, NE302
£65003/240.43 miStephenson House, Stephenson Street, North Shields, Tyne & Wear, NE302
£86501/250.43 mi-2
£75007/240.43 miTrevor Terrace, North Shields. NE30 2DE2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

0.79 miles away

Nearest school

0.30 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £139,950

February 5, 2025

Floor Plans

Description

  • Available with no chain +
  • Yard to the yard +
  • Wonderful opportunity for renovation +

Fresh Property Centre welcome this two bed ground floor flat situated in the sought-after area of Kitchener Terrace, North Shields. The property features a hallway, lounge, two well-sized bedrooms, a kitchen and a bathroom. Externally there is a yard to the yard. The flat is conveniently located near Northumberland Park, providing easy access to local amenities, transport links, and Tynemouth and North Shields centres. The flat is in need of refurbishment and offers a wonderful opportunity for renovation to bring it back to its full potential. Available with no chain.

Agent Details

Fresh Property Centre, North Shields

0191 625 1006

Next Steps?

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