2 Bed Flat, Refurb/BRRR, North Shields, NE30 2BU, £165,000

58 BAMBOROUGH TERRACE, NORTH SHIELDS NE30 2BU - 3 views - a month ago

Under Offer
Refurb/BRRR
ROI: 2%
59 m²
+4 photos

ValuationOvervalued

Sold Prices£95K - £175K
Sold Prices/m²£1.4K/m² - £3K/m²

 

 

Square Metres

59 m²
Price/m²£2.8K/m²

Value Estimate

£102,850

 

 

End Value (After Refurb)

£162,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£22,591

Bridging Loan Interest

£4,331

Total Cash In

£79,373

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,000

Mortgage (After Refinance)

£121,500

Mortgage LTV

75%

Cash Left In

£79,373

Equity

£40,500

Rent Range

£550 - £1,595

Rent Estimate

£807

Running Costs/mo

£688

Cashflow/mo

£119

Cashflow/yr

£1,432

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £95K to £175K, average is £125K. £1.4K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£128K10/200.01 mi28, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£118K07/210.01 mi58, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£164.9K10/230.01 mi66, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£147.8K05/230.03 mi7, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K08/210.03 mi39, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£162K10/220.03 mi5, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K02/210.03 mi49, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£115K02/210.03 mi77, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K08/210.03 mi41, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£129.9K02/210.03 mi9, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£168K05/230.04 mi85, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£168K05/230.04 mi83, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£107K04/210.04 mi39, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£148K12/230.04 mi63, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£121K05/210.06 mi64, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£121K05/210.06 mi66, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£110K11/220.06 mi94, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£129.9K02/230.07 mi20, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£135K02/230.07 mi18, Lindisfarne Terrace, North Shields, Tyne And Wear NE30 2BY2
£107K11/200.07 mi68, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£110K01/210.07 mi72, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£113K09/230.07 mi100, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£115K11/200.09 mi91, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£105K11/200.09 mi81, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£125K12/200.09 mi119, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£120K04/210.1 mi114, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£174K12/220.11 mi153, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£110K01/210.12 mi72, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£107.7K03/210.12 mi84, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£146K05/230.13 mi11, Trevor Terrace, North Shields, Tyne And Wear NE30 2DG2
£160K11/220.15 mi22, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£111.5K12/220.15 mi62, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£125K11/230.15 mi32, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£108K09/210.2 mi19, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£160K12/220.2 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£143K05/210.2 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£175K02/230.21 mi34a, Linskill Terrace, North Shields, Tyne And Wear NE30 2EN2
£125K11/210.21 mi50, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AR2
£97.5K09/230.22 mi18, Linskill Park, North Shields, Tyne And Wear NE30 2BF2
£164.9K09/230.22 mi35, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£164.9K09/230.22 mi33, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£159.9K07/230.23 mi25, Drummond Terrace, North Shields, Tyne And Wear NE30 2AW2
£95K12/200.24 mi12, Military Road, North Shields, Tyne And Wear NE30 2AB2
£128.3K10/220.25 mi124, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£162K11/200.25 mi53a, Park Crescent, North Shields, Tyne And Wear NE30 2HR2
£114K08/210.28 mi37, North King Street, North Shields, Tyne And Wear NE30 2HS2
£165.5K11/220.28 mi29, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP2
£100K02/210.29 mi21, Jackson Street, North Shields, Tyne And Wear NE30 2HT2
£100K02/210.29 mi23, Jackson Street, North Shields, Tyne And Wear NE30 2HT2
£105K11/220.3 mi24, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2

Local Rents

51 rents from £550/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£89505/240.03 mi-2
£89506/240.03 mi-2
£89506/240.03 miBamborough Terrace, North Shields, NE302
£79506/240.04 miBelford Terrace, North Shields, Tyne And Wear, NE302
£85005/240.05 miBelford Terrace, North Shields2
£67505/240.05 miBamborough Terrace, North Shields2
£77505/240.06 miBelford Terrace, North Shields2
£75006/240.08 miTrevor Terrace, North Shields. NE30 2DE2
£75008/240.08 miTrevor Terrace, North Shields. NE30 2DE2
£80007/240.08 miTrevor Terrace, North Shields2
£75005/240.09 miTrevor Terrace, North Shields2
£75007/240.09 miTrevor Terrace, North Shields. NE30 2DE2
£75005/240.09 miTrevor Terrace, North Shields2
£80005/240.12 miTrevor Terrace, North Shields, Tyne and Wear, NE30 2DE2
£1,59508/230.14 mi-2
£80007/240.14 mi38 Trevor Terrace2
£1,00007/240.19 miJackson Street West, North Shields2
£80006/240.2 miBalmoral Gardens, North Shields2
£65005/240.23 miCleveland Road, North Shields2
£79506/240.23 miDrummond Terrace, North Shields, Tyne and Wear, NE302
£85001/250.23 mi-2
£85007/240.23 miPark Crescent, North Shields2
£75005/240.24 miMilitary Road, North Shields2
£62201/250.26 mi-2
£86501/250.26 mi-2
£69507/240.27 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£69507/240.27 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£69507/240.28 miGrey Street, North Shields2
£1,20008/240.29 miRosedale Terrace, North Shields2
£82507/240.29 miPark Crescent, North Shields2
£82008/240.3 miRosedale Terrace, North Shields, Tyne and Wear, NE30 2HP2
£89507/240.32 mi-2
£79503/250.32 mi-2
£70007/240.32 miSalisbury Avenue, North Shields, Tyne and Wear2
£75005/240.33 miAlma Place, North Shields. NE29 0LY2
£55009/230.33 mi-2
£70008/240.33 mi-2
£70008/240.33 mi-2
£79507/240.33 miCromwell Terrace, North Shields, Tyne And Wear, NE292
£72506/240.34 mi-2
£75005/240.34 miCoburg Street, North Shields2
£80005/240.34 miWashington Terrace, North Shields2
£72507/240.34 miBalmoral Gardens, North Shields2
£1,54502/240.35 mi-2
£70006/240.36 miEtal Court, North Shields2
£60005/240.36 miGrey Street, North Shields2
£67512/230.37 mi-2
£72508/240.37 mi-2
£65003/240.37 miStephenson House, Stephenson Street, North Shields, Tyne & Wear, NE302
£75007/240.37 miCleveland Avenue, North Shields2
£79505/240.37 miPark Crescent East, North Shields2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

0.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £165,000

February 27, 2025

Floor Plans

Description

  • TWO BEDROOM GROUND FLOOR FLAT +
  • HIGHLY SOUGHT AFTER RESIDENTIAL LOCATION +
  • BEAUTIFUL AND FULL OF PERIOD CHARM +
  • MODERN KITCHEN +
  • LOVELY KITCHEN & UTILITY SPACE +
  • MODERN BATHROOM WC +
  • FRONT GARDEN +
  • REAR YARD +
  • EPC RATING D +

Embleys are delighted to be instructed in the sale of this beautiful, ground floor flat, situated within a sought after residential location. It boasts a wealth of period charm and is ideal for a range of buyers.
With over 600 square feet of accommodation, this characterful property consists of a vestibule and welcoming entrance hallway with doors to two good sized bedrooms and a stylish reception room. From the reception room there is access to the lovely kitchen benefitting from a range of units with contrasting worktops, integrated single oven, gas hob and chimney hood. There is also a utility space and a modern bathroom benefitting from a panelled bath with rainfall shower over, pedestal wash basin and low level WC. Externally there is a well maintained front town garden and a rear yard.
The superb layout, generous size and fabulous location of this property makes for an exciting opportunity which can only truly be appreciated by a visit.
North Shields is a vibrant fishing town which embraces its heritage as proudly as it welcomes modernisation.
North Shields enjoys beaches and parks, Quays and shopping, history and modern facilities. The public transport is excellent and includes the metro system, the local schools are highly sought after and the diverse scenery makes it attractive to retired couples, young couples, first time buyers and families.

Vestibule -

Entrance Hallway -

Reception Room - 4.50m x 3.23m (14'9 x 10'7) -

Kitchen - 2.92m x 1.83m (9'7 x 6'0) -

Utility Space -

Bedroom - 4.22m x 4.17m (13'10 x 13'8) -

Bedroom - 3.33m x 2.51m (10'11 x 8'3) -

Bathroom Wc - 1.93m x 1.65m (6'4 x 5'5) -

Front Garden -

Rear Yard -

Agent Details

Embleys Estate Agents, Whitley Bay

0191 625 0931

Next Steps?

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