3 Bed Detached House, Single Let, South Shields, NE34 0LU, £120,000

Loudon Street, South Shields, Tyne and Wear, NE34 0LU - 2 views - 2 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£60.5K - £242K
Sold Prices/m²£877/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£130,427
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£550 - £3,300

Rent Estimate

£587

Running Costs/mo

£512

Cashflow/mo

£75

Cashflow/yr

£895

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60.5K to £242K, average is £116K. £877/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£93.5K12/200.04 mi22, Awnless Court, South Shields, Tyne And Wear NE34 0XR3
£125K05/210.06 mi250, Harton Lane, South Shields, Tyne And Wear NE34 0LR3
£105K11/210.07 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£144.9K04/240.07 mi24, Wansbeck Mews, South Shields, Tyne And Wear NE34 0DE3
£102.5K04/230.07 mi12, Brown Top Place, South Shields, Tyne And Wear NE34 0XP3
£80K11/230.11 mi9, Coxfoot Close, South Shields, Tyne And Wear NE34 0XN3
£95K03/230.11 mi2, Eavers Court, South Shields, Tyne And Wear NE34 0XB3
£87K06/210.16 mi6, Hardyards Court, South Shields, Tyne And Wear NE34 0XL3
£114K02/210.18 mi17, Wadham Terrace, South Shields, Tyne And Wear NE34 0BU3
£130K02/210.2 mi228, Harton Lane, South Shields, Tyne And Wear NE34 0RE3
£84K11/230.2 mi18, Alnwick Road, South Shields, Tyne And Wear NE34 0LB3
£60.5K03/240.21 mi81, Egerton Road, South Shields, Tyne And Wear NE34 0RD3
£124K03/230.24 mi124, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£139K06/240.24 mi59, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£111K07/230.24 mi63, Nora Street, South Shields, Tyne And Wear NE34 0RB3
£120K02/230.24 mi126, Biddick Hall Drive, South Shields, Tyne And Wear NE34 0TW3
£83K12/230.24 mi34, Foss Way, South Shields, Tyne And Wear NE34 0BW3
£137K10/230.26 mi2, Homestall Close, South Shields, Tyne And Wear NE34 0YE3
£97.5K02/230.29 mi32, Stoddart Street, South Shields, Tyne And Wear NE34 0JS3
£171K12/230.32 mi148 - 150, Talbot Road, South Shields, Tyne And Wear NE34 0RG3
£142K03/230.33 mi17, Nora Street, South Shields, Tyne And Wear NE34 0RA3
£115K06/210.33 mi8, Westcott Road, South Shields, Tyne And Wear NE34 0QZ3
£242K06/240.35 mi95, Ashley Road, South Shields, Tyne And Wear NE34 0PQ3
£115K06/230.36 mi3, Bruce Close, South Shields, Tyne And Wear NE34 8JX3
£107K07/210.37 mi13, Lemon Street, South Shields, Tyne And Wear NE33 4RQ3
£78K07/230.37 mi92, Richmond Road, South Shields, Tyne And Wear NE34 0QQ3
£128K08/240.37 mi7, Douglas Close, South Shields, Tyne And Wear NE34 8JY3
£120K09/230.4 mi1, Shaw Avenue, South Shields, Tyne And Wear NE34 9ST3
£90K11/200.42 mi18, Foxglove Court, South Shields, Tyne And Wear NE34 0BH3
£179.9K07/230.42 mi11, Ashley Road, South Shields, Tyne And Wear NE34 0PD3
£90.4K06/230.42 mi10, Ashley Road, South Shields, Tyne And Wear NE34 0PD3
£130K10/210.44 mi27, Brodie Close, South Shields, Tyne And Wear NE34 8LB3
£133K03/240.45 mi3, Dovedale Court, South Shields, Tyne And Wear NE34 9EZ3
£206K08/210.46 mi139, Harton Lane, South Shields, Tyne And Wear NE34 0PW3
£132K06/230.46 mi116, Brockley Avenue, South Shields, Tyne And Wear NE34 0TY3
£85K02/210.47 mi5, Eyemouth Court, South Shields, Tyne And Wear NE34 9BX3
£110K02/240.47 mi17, Hollingside Way, South Shields, Tyne And Wear NE34 0HX3
£95K06/210.48 mi14, Bedale Court, South Shields, Tyne And Wear NE34 9DA3
£112.5K09/230.5 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.5 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£180K11/210.52 mi8, Colchester Street, South Shields, Tyne And Wear NE34 9AT3
£90K04/210.52 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£117K09/230.52 mi65, Gaskell Avenue, South Shields, Tyne And Wear NE34 9TA3
£180K06/230.54 mi11, Waverdale Way, South Shields, Tyne And Wear NE33 4SL3
£232K02/210.57 mi76, Harton Lane, South Shields, Tyne And Wear NE34 0PP3
£165K12/220.57 mi18, Collin Drive, South Shields, Tyne And Wear NE34 9FE3
£130K09/210.57 mi74, Whiteleas Way, South Shields, Tyne And Wear NE34 8LH3
£200K02/240.58 mi33, Capulet Grove, South Shields, Tyne And Wear NE34 9AH3
£91K04/230.59 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£142.5K09/230.6 mi227, Stanhope Road, South Shields, Tyne And Wear NE33 4RT3

Local Rents

27 rents from £550/mo to £3.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£58502/240.11 mi-3
£80006/240.11 miWear Court, South Shields3
£77501/250.17 mi-3
£79507/240.17 mi-3
£79506/240.17 miWadham Terrace, South Shields, NE343
£75007/240.18 miWest Harton, South Shields, NE34 0BU3
£75007/240.18 miWest Harton, South Shields, NE34 0BU3
£1,20004/250.2 mi-3
£65005/230.29 mi-3
£65005/230.29 mi-3
£60005/240.31 mi-3
£55007/240.31 miStanhope Road, South Shields, Tyne and Wear, NE333
£80010/240.31 mi-3
£65003/250.31 mi-3
£79506/240.33 miVine Street, South Shields3
£62511/240.34 mi-3
£3,30002/250.34 mi-3
£60006/240.34 miWest Park, South Shields, NE33 4RG3
£60007/240.34 miWest Park, South Shields, NE33 4RG3
£67507/240.34 miVine Street, South Shields3
£90002/250.34 mi-3
£77510/240.38 mi-3
£65004/250.47 mi-3
£75004/240.53 mi-3
£75006/240.53 mi-3
£72505/240.57 miWhiteleas Way, South Shields3
£69511/230.6 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

0.92 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £120,000

February 24, 2025

Floor Plans

Description

  • Detached House +
  • Ideal Family Home +
  • 3/4 Bedrooms +
  • 3 Reception Rooms +
  • Shower Room +
  • Family Bathroom +
  • Private Balcony +
  • Rear Garden +
  • Close to Amenities +
  • Short-Walk to Tyne Dock +

This three-bedroom terraced house on Loudon Street, South Shields presents an excellent opportunity for buyers looking to create their ideal home.

The property's layout includes a welcoming entrance hallway leading to three reception rooms, a fitted kitchen awaiting your personal touch, three well-proportioned bedrooms, a shower room, and a family bathroom. The property benefits from a low-maintenance rear yard and private balcony, perfect for creating an outdoor entertaining space.

Located in a popular residential area of South Shields, the property is within easy reach of local amenities. The bustling town centre is just a 15-minute walk away, offering a variety of shops, restaurants, and entertainment options. South Shields Metro station provides convenient transport links to Newcastle and the wider region, while the beautiful South Shields beach and seafront are within walking distance.

This property represents a blank canvas for the right buyer to transform into a comfortable modern home. With its solid foundations and excellent location, we strongly recommend early viewing to appreciate the full potential this property has to offer.

Agent Details

Sold.co.uk, London

020 3840 3803

Next Steps?

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