2 Bed Flat, Single Let, South Shields, NE33 2TB, £40,000

Selbourne Street, Town Centre, South Shields, Tyne and Wear, NE33 2TB - 1 views - a month ago

Leasehold
BTL
ROI: 25%
~53 m²
+3 photos

ValuationUndervalued

Sold Prices£49K - £157K
Sold Prices/m²£748/m² - £2.8K/m²

 

 

Square Metres

~53 m²
Price/m²£755/m²

Value Estimate

£48,400
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Total Cash In

£13,200

 

 

Cash Out

 

Rent Range

£475 - £1,900

Rent Estimate

£522

Running Costs/mo

£249

Cashflow/mo

£273

Cashflow/yr

£3,271

ROI

25%

Gross Yield

16%

Local Sold Prices

50 sold prices from £49K to £157K, average is £85K. £748/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£119K04/210.03 mi30, Lyndhurst Street, South Shields, Tyne And Wear NE33 2TA2
£76K08/230.17 mi5, Rosa Street, South Shields, Tyne And Wear NE33 3LN2
£123K03/210.24 mi60, Baltic Court, South Shields, Tyne And Wear NE33 3NT2
£100K08/230.25 mi16, Hutton Row, South Shields, Tyne And Wear NE33 3NU2
£95K10/210.26 mi19a, Osborne Avenue, South Shields, Tyne And Wear NE33 3DQ2
£68K06/210.27 mi56, Leighton Street, South Shields, Tyne And Wear NE33 3BU2
£84K04/210.29 mi111, Osborne Avenue, South Shields, Tyne And Wear NE33 3BX2
£66K10/200.31 mi15, Iolanthe Terrace, South Shields, Tyne And Wear NE33 3DE2
£61K05/240.31 mi8a, St Michaels Avenue North, South Shields, Tyne And Wear NE33 3AL2
£132K12/200.31 mi52, Sea Winnings Way, South Shields, Tyne And Wear NE33 3GE2
£135K12/230.31 mi54, Sea Winnings Way, South Shields, Tyne And Wear NE33 3GE2
£145K01/230.33 mi25, Seaview Terrace, South Shields, Tyne And Wear NE33 2NW2
£78K10/230.33 mi3, Lord Street, South Shields, Tyne And Wear NE33 3DB2
£70K06/230.33 mi12, Lord Street, South Shields, Tyne And Wear NE33 3DB2
£79K08/230.34 mi79, Mowbray Road, South Shields, Tyne And Wear NE33 3DD2
£61K05/210.34 mi203, Osborne Avenue, South Shields, Tyne And Wear NE33 3BY2
£133K09/230.36 mi72, Mowbray Road, South Shields, Tyne And Wear NE33 3AX2
£106K03/210.37 mi83, Mowbray Road, South Shields, Tyne And Wear NE33 3BA2
£65K12/230.38 mi44, East Moffett Street, South Shields, Tyne And Wear NE33 3PL2
£49K03/210.38 mi96, Imeary Street, South Shields, Tyne And Wear NE33 4EQ2
£65K09/210.38 mi28, St Vincent Street, South Shields, Tyne And Wear NE33 3AR2
£80K07/230.38 mi22, St Vincent Street, South Shields, Tyne And Wear NE33 3AR2
£75K10/200.38 mi29, St Vincent Street, South Shields, Tyne And Wear NE33 3AR2
£87K12/200.38 mi62, St Vincent Street, South Shields, Tyne And Wear NE33 3AR2
£74K05/230.38 mi42, St Vincent Street, South Shields, Tyne And Wear NE33 3AR2
£85K05/210.38 mi123, St Vincent Street, South Shields, Tyne And Wear NE33 3AS2
£57K03/210.38 mi82, St Vincent Street, South Shields, Tyne And Wear NE33 3AS2
£86.5K07/210.38 mi130, St Vincent Street, South Shields, Tyne And Wear NE33 3AS2
£83K06/230.38 mi16, Frost Mews, South Shields, Tyne And Wear NE33 4AL2
£72.5K08/210.39 mi14, Eccleston Road, South Shields, Tyne And Wear NE33 3BS2
£145K01/240.39 mi110, North Main Court, South Shields, Tyne And Wear NE33 3GB2
£80K12/220.4 mi138a, St Vincent Street, South Shields, Tyne And Wear NE33 3BH2
£120K02/230.4 mi143, Mowbray Road, South Shields, Tyne And Wear NE33 3BB2
£141K11/230.4 mi18, North Main Court, South Shields, Tyne And Wear NE33 3NX2
£110K03/210.4 mi18, North Main Court, South Shields, Tyne And Wear NE33 3NX2
£157K03/230.4 mi36, North Main Court, South Shields, Tyne And Wear NE33 3NX2
£113.5K10/230.41 mi22, Brass Thill Way, South Shields, Tyne And Wear NE33 3NY2
£100K04/230.41 mi28, Brass Thill Way, South Shields, Tyne And Wear NE33 3NY2
£108K12/210.41 mi42, Brass Thill Way, South Shields, Tyne And Wear NE33 3NY2
£85K09/210.41 mi15, Coleridge Avenue, South Shields, Tyne And Wear NE33 3EZ2
£75.5K07/210.41 mi9, Coleridge Avenue, South Shields, Tyne And Wear NE33 3EZ2
£85K10/230.41 mi24, Coleridge Avenue, South Shields, Tyne And Wear NE33 3EZ2
£67K02/210.41 mi151, St Vincent Street, South Shields, Tyne And Wear NE33 3BJ2
£65K12/200.41 mi243, St Vincent Street, South Shields, Tyne And Wear NE33 3BJ2
£70K11/230.41 mi50, James Mather Street, South Shields, Tyne And Wear NE33 2DN2
£126.5K08/230.41 mi15, Sea Winnings Way, South Shields, Tyne And Wear NE33 3NE2
£80K11/210.42 mi197, St Vincent Street, South Shields, Tyne And Wear NE33 3BJ2
£127K11/220.42 mi19, Sea Winnings Way, South Shields, Tyne And Wear NE33 3NE2
£114K04/210.43 mi34, North Main Court, South Shields, Tyne And Wear NE33 3NX2
£88K03/230.43 mi47, Coleridge Avenue, South Shields, Tyne And Wear NE33 3HA2

Local Rents

50 rents from £475/mo to £1.9K/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£69505/240.07 miErskine Road, South Shields2
£52501/250.08 mi-2
£57506/240.1 mi-2
£57506/240.1 mi-2
£55003/250.11 mi-2
£60012/240.11 miBroughton Road, South Shields, NE332
£60012/240.11 mi-2
£84505/240.11 miBeach Road, Town Centre , South Shields, Tyne and Wear, NE33 2SA2
£55001/250.22 mi-2
£69505/240.22 miSpohr Terrace, South Shields2
£63006/240.27 mi-2
£60006/240.27 mi-2
£60003/250.27 mi-2
£62502/250.3 mi-2
£69505/240.33 mi-2
£67505/240.37 mi96 Imeary Street, South Shields2
£64506/240.37 miImeary Street, South Shields, Tyne and Wear, NE332
£47507/240.38 mi93 St Vincent Street South Shields NE33 3AS2
£59506/240.39 mi-2
£59502/250.39 mi-2
£85007/240.39 miSea Way, South Shields2
£49506/240.4 miColeridge Avenue, South Shields2
£80003/250.4 mi-2
£79505/240.41 miSea Winnings Way, South Shields2
£85005/240.42 mi-2
£52005/240.43 mi-2
£50005/240.43 mi-2
£55006/240.43 mi-2
£55005/240.43 miPollard Street, South Shields, NE332
£85005/240.44 miRoman Road, South Shields2
£1,65005/240.45 mi-2
£75005/240.47 miGeorge Scott Street, South Shields2
£1,75003/250.47 mi-2
£77507/240.48 miIngham House, South Shields2
£1,90007/240.48 mi-2
£1,90006/240.48 mi-2
£69502/240.48 mi-2
£75003/250.51 mi-2
£60009/240.51 mi-2
£60007/240.51 miSt. Aidans Road, South Shields, NE332
£60005/240.53 mi-2
£85010/240.54 mi-2
£69506/240.54 miFerry Approach, South Shields2
£57505/240.57 mi-2
£55003/250.57 mi-2
£60012/240.57 miRekendyke Mews, South Shields2
£60005/240.57 mi-2
£75006/240.58 miCaptains Wharf, South Shields2
£60005/240.58 mi-2
£60004/250.59 mi-2

Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £40,000

February 27, 2025

Floor Plans

Description

  • RESERVATION FEE APPLIES.. +
  • TWO BEDROOM UPPER FLAT +
  • GAS CENTRAL HEATING AND DOUBLE GLAZED +
  • NO UPPER CHAIN AND VACANT POSSESSION +

| RESERVATION FEE APLLIES | TWO BEDROOM UPPER FLAT | GAS CENTRAL HEATING | DOUBLE GLAZED |

We are delighted to offer to the market this two bedroom upper flat on Selbourne Street, South Shields. Benefiting from gas central heating and double glazing the property is sold with vacant possession and would make a great buy to let or first time buy..

Comprising briefly :- Composite door to the entrance hallway with stairs to the first floor landing. Doors to the lounge, bedroom one, bathroom and bedroom two. The kitchen leads from the lounge.

Externally a shared yard lies to the rear.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 992

Agent Details

Pattinson Estate Agents, South Shields

0191 625 0219

Next Steps?

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