3 Bed Semi-Detached House, Single Let, South Shields, NE34 9LE, £69,000

Masefield Drive, South Shields, Tyne And Wear, NE34 9LE - 3 views - 2 months ago

Sold STC
Auction
BTL
ROI: 16%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£67K - £220K
Sold Prices/m²£918/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£742/m²

Value Estimate

£90,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£650 - £2,350

Rent Estimate

£698

Running Costs/mo

£375

Cashflow/mo

£323

Cashflow/yr

£3,873

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £67K to £220K, average is £107.5K. £918/m² to £2.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£72K09/230.03 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£105K07/230.06 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£86K06/210.09 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£96K02/210.1 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£120K10/230.1 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£77.5K11/200.14 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.14 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.14 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£93K08/210.15 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£120K02/230.16 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£90K03/210.16 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£85K07/230.17 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.17 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.17 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£100K10/210.17 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£80K05/230.18 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£88K06/210.19 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£85K06/210.21 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£97.5K03/230.23 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£90K12/230.24 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£81K12/220.27 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£91K04/230.28 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£220K09/220.34 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£138.5K01/240.37 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£112.5K09/230.39 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.39 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£215K07/230.4 mi6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£210K03/240.4 mi4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA3
£90K04/210.4 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.4 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£155K02/210.42 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.42 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£186K11/200.42 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£88K01/210.46 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£132K06/230.48 mi116, Brockley Avenue, South Shields, Tyne And Wear NE34 0TY3
£130K08/230.48 mi183, Heaton Gardens, South Shields, Tyne And Wear NE34 9UA3
£120K09/230.48 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£110K12/210.48 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£165K06/210.49 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£102.3K12/200.5 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£105K11/230.53 mi41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW3
£128K08/240.53 mi7, Douglas Close, South Shields, Tyne And Wear NE34 8JY3
£102K08/230.54 mi2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU3
£130K10/210.55 mi27, Brodie Close, South Shields, Tyne And Wear NE34 8LB3
£150.5K03/240.56 mi57, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£132.5K12/220.56 mi32, Fox Avenue, South Shields, Tyne And Wear NE34 9RN3
£128K08/230.56 mi8, Titian Avenue, South Shields, Tyne And Wear NE34 8SD3
£130K02/230.56 mi47, Millais Gardens, South Shields, Tyne And Wear NE34 8RY3
£220K01/220.56 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£130K09/210.56 mi74, Whiteleas Way, South Shields, Tyne And Wear NE34 8LH3

Local Rents

15 rents from £650/mo to £2.4K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£65005/240.04 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.26 mi-3
£70012/240.4 miHeaton Gardens, South Shields, NE343
£83006/240.48 mi-3
£83005/240.48 miGerald Street, South Shields, NE343
£83006/240.48 miGerald Street, South Shields, NE343
£77511/240.51 mi-3
£2,35005/240.52 mi-3
£2,35007/240.52 mi-3
£2,35001/250.52 mi-3
£2,20002/250.52 mi-3
£82503/250.52 mi-3
£81612/240.54 mi-3
£72505/240.57 miWhiteleas Way, South Shields3
£75007/230.61 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £69,000

February 28, 2025

Listed for £75,000

February 12, 2025

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • No Upper Chain +
  • Good Location +
  • Neutral Decor +
  • For Sale Via Auction +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

Upon entering, you'll be greeted by the leading you to the heart of the house. The living room, with its abundance of natural light, creates a cozy and relaxing ambience, perfect for unwinding after a long day.

The kitchen is a great space for any aspiring master chef. It is well-equipped with appliances, ample storage solutions, and generous work surfaces.

To the first floor, you'll find three well-proportioned bedrooms, each offering a peaceful retreat. These versatile rooms can serve as comfortable bedrooms, a private office, or a playroom for kids.

Completing this level is the bathroom. Featuring fixtures and fittings, a bath and shower for a refreshing start to your mornings, this bathroom offers the ultimate comfort and convenience.

Externally, the property offers a rear garden that is perfect for outdoor entertaining, barbecues, or simply enjoying a breath of fresh air.

Situated in South Shields, this property benefits from a range of local amenities including shops, schools, restaurants, and parks, all within easy reach. Commuters will appreciate the good transport links, with excellent road and public transport options available.

In conclusion, this 3-bedroom semi-detached house in Masefield Drive presents an excellent opportunity for buyers. Its good location, neutral decor, and potential for personalization make it a must-see property. Don't miss out on this chance to make it your own – contact us today to arrange a viewing!

Entrance Features: Via UPVC double glazed door, stairs to first floor.

Kitchen (5.54 x 3.51) Features: radiator, range of wall and floor units, oven, hob, extractor hood, sink with mixer tap and drainer, UPVC door to rear, single glazed window x2.

Lounge (6.12 x 3.03) Features: coving to ceiling, radiator, feature fireplace, single glazed window x2.

First Floor Landing Features: storage cupboard, access to loft.

Bedroom One (3.16 x 3.05) Features: radiator, storage cupboard, single glazed window.

Bedroom Two (3.77 x 2.53) Features: radiator, storage cupboard, single glazed window.

Bedroom Three (2.90 x 2.12) Features: radiator, storage cupboard, single glazed window.

WC Features: low level WC, single glazed window.

Bathroom Features: radiator, panelled bath, pedestal hand wash basin, overhead shower, single glazed window.

Front External Features: lawn.

Rear External Features: patio, lawn.

Material Information • Tenure - Freehold • Length of lease - N/A • Annual ground rent amount - N/A • Ground rent review period - N/A • Monthly management charge amount - N/A • Service charge review period - N/A • Council tax band - A • EPC - TBC

Auctioneers Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.'

Agent Details

Chase Holmes, South Shields

0191 625 0156

Next Steps?

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