3 Bed Semi-Detached House, Single Let, South Shields, NE34 9LG, £125,000

Masefield Drive, South Shields, NE34 9LG - 2 months ago

BTL
ROI: 5%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£67K - £279.9K
Sold Prices/m²£918/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£118,358

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£650 - £2,350

Rent Estimate

£698

Running Costs/mo

£550

Cashflow/mo

£148

Cashflow/yr

£1,773

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £67K to £279.9K, average is £105K. £918/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£93K08/210.04 mi107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ3
£86K06/210.06 mi21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW3
£120K02/230.13 mi11, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£85K07/230.13 mi21, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£67K11/200.13 mi23, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£124K08/230.13 mi25, Grays Walk, South Shields, Tyne And Wear NE34 9LT3
£72K09/230.15 mi2, Dryden Close, South Shields, Tyne And Wear NE34 9LD3
£90K03/210.17 mi51, Grays Walk, South Shields, Tyne And Wear NE34 9LS3
£96K02/210.17 mi5, Orwell Close, South Shields, Tyne And Wear NE34 9JT3
£88K06/210.17 mi41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£85K06/210.17 mi74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX3
£105K07/230.19 mi18, Burns Close, South Shields, Tyne And Wear NE34 9LA3
£120K10/230.23 mi83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW3
£100K10/210.26 mi90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA3
£77.5K11/200.27 mi140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£100K01/210.27 mi79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£104K03/230.27 mi81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR3
£80K05/230.31 mi65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT3
£90K12/230.35 mi57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN3
£97.5K03/230.36 mi100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ3
£220K09/220.36 mi15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE3
£81K12/220.38 mi11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ3
£155K02/210.4 mi27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£204K04/230.4 mi8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF3
£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
£91K04/230.41 mi17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX3
£88K01/210.44 mi47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH3
£186K11/200.45 mi28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD3
£138.5K01/240.46 mi166, Galsworthy Road, South Shields, Tyne And Wear NE34 9TX3
£220K01/220.48 mi5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£225K04/240.49 mi25, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£225K01/210.49 mi51, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£235K07/220.49 mi65, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ3
£165K06/210.5 mi32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB3
£130K08/230.51 mi183, Heaton Gardens, South Shields, Tyne And Wear NE34 9UA3
£112.5K09/230.52 mi56, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£95K03/210.52 mi61, Boswell Avenue, South Shields, Tyne And Wear NE34 9SS3
£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
£279.9K06/220.54 mi10, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£102.3K12/200.55 mi36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR3
£140K04/230.56 mi23, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN3
£110K12/210.56 mi26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX3
£102K08/230.56 mi2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU3
£225K03/230.56 mi7, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL3
£135K08/240.57 mi13, Lanark Drive, Jarrow, Tyne And Wear NE32 4JH3
£98K10/210.57 mi28, Tasmania Road, South Shields, Tyne And Wear NE34 9DX3
£178K02/220.59 mi3, Burnside Close, Boldon Colliery, Tyne And Wear NE35 9BU3
£105K11/230.59 mi41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW3

Local Rents

13 rents from £650/mo to £2.4K/mo, average is £830/mo.

RentDateDistanceAddressBeds 
£65005/240.1 miBrookes Walk, South Shields, Tyne And Wear 3
£69511/230.39 mi-3
£70012/240.46 miHeaton Gardens, South Shields, NE343
£2,35005/240.56 mi-3
£2,35007/240.56 mi-3
£2,35001/250.56 mi-3
£2,20002/250.56 mi-3
£82503/250.56 mi-3
£81612/240.56 mi-3
£83006/240.58 mi-3
£83005/240.58 miGerald Street, South Shields, NE343
£83006/240.58 miGerald Street, South Shields, NE343
£89511/240.61 mi-3

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

February 25, 2025

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Good First Time Buy +
  • Popular Location +
  • Garden & Garage +
  • Utility Room +

Introducing a great opportunity to own a semi-detached house on the popular Masefield Drive. This property is the perfect choice for first-time buyers, providing a comfortable and spacious living environment. With three bedrooms, one bathroom, and a reception room, this home offers ample space for family living.

Upon entering the property, you are greeted by a hallway and staircase leading to the upper level. The reception room is perfect for relaxing or entertaining guests. The neutral colour scheme adds to the overall airy feel, making it easy to personalize the space.

The kitchen is equipped with all the essential appliances needed for everyday cooking needs. With plenty of counter space, storage cabinets, and a separate utility room, this kitchen offers both functionality and practicality. The utility room is a great addition, allowing for laundry and storage.

Moving upstairs, you will find three well-proportioned bedrooms, each designed to create a peaceful ambiance. The bedrooms offer ample space for relaxation, study, or play, making them ideal for families.

The property also benefits from a rear garden, perfect for outdoor dining, gardening, or simply enjoying the fresh air. The low-maintenance landscaping ensures minimal upkeep, allowing you to spend more time enjoying the space.

To add to the property's appeal, a garage is available, providing convenient storage space or secure parking.

Situated in a popular area, this property benefits from excellent local amenities and convenient transportation links. Schools, shops, and recreational facilities are all within easy reach, adding to the convenience of daily life.

Call today to secure your appointment to view!

Porch Features: Via UPVC double glazed door, UPVC double glazed window, radiator.

Hallway Features: radiator, stairs to first floor.

Utility Room (2.59 x 1.56) Features: plumbing for washing machine.

Kitchen (5.04 x 3.53) Features: UPVC double glazed window, radiator, range of wall and floor units, oven, hob, sink with mixer tap and drainer, splash back tiles, tiled floor, UPVC door to rear.

Lounge (7.16 x 3.03) Features: UPVC double glazed window, UPVC double glazed bay window, radiator, laminate wood flooring, feature fireplace.

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

Bedroom One (3.77 x 3.03) Features: UPVC double glazed window, radiator, storage cupboard.

Bedroom Two (3.77 x 2.52) Features: UPVC double glazed window, radiator, storage cupboard.

Bedroom Three (2.10 x 1.69) Features: UPVC double glazed window, radiator.

Bathroom Features: UPVC double glazed window x 2, radiator, panelled bath, low level WC, pedestal hand wash basin, overhead shower.

Front External Features: lawn.

Rear External Features: patio, garage.

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

Agent Details

Chase Holmes, South Shields

0191 625 0156

Next Steps?

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