3 Bed Flat, Single Let, South Shields, NE34 0PD, £70,000

98 Ashley Road, South Shields, NE34 0PD - a month ago

Leasehold

Auction

BTL

ROI: 12%

79 m²

ValuationUndervalued

Sold Prices	£35K - £123K
Sold Prices/m²	£479/m² - £1.4K/m²

Square Metres	79 m²
Price/m²	£886/m²
Value Estimate	£71,594£71,594
BMV	2%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£550 - £1,800£550 - £1,800
Rent Estimate	£576
Running Costs/mo	£354£354
Cashflow/mo	£222£222
Cashflow/yr	£2,665£2,665
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

37 sold prices from £35K to £123K, average is £73K. £479/m² to £1.4K/m², average is £904/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£73K	01/21	0.04 mi	10, Ashley Road, South Shields, Tyne And Wear NE34 0PD	£901	81	3	Flat
£72.5K	08/22	0.06 mi	46, Richmond Road, South Shields, Tyne And Wear NE34 0QL	£989	73	3	Flat
£58K	04/23	0.12 mi	7, Whitehall Street, South Shields, Tyne And Wear NE33 4SU	£906	64	3	Flat
£90K	01/21	0.14 mi	48, Crofton Street, South Shields, Tyne And Wear NE34 0QP	£1,154	78	3	Flat
£60K	02/23	0.14 mi	82, Gordon Road, South Shields, Tyne And Wear NE34 0QR	£813	74	3	Flat
£65K	12/22	0.16 mi	59, Brownlow Road, South Shields, Tyne And Wear NE34 0QT	-	-	3	Flat
£49.7K	01/21	0.16 mi	123, Talbot Road, South Shields, Tyne And Wear NE34 0RG	£629	79	3	Flat
£112K	09/23	0.23 mi	96, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA	£1,087	103	3	Flat
£88K	11/20	0.23 mi	96, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA	£854	103	3	Flat
£41K	01/21	0.27 mi	92, Nora Street, South Shields, Tyne And Wear NE34 0RB	£589	70	3	Flat
£80K	09/22	0.28 mi	83, Egerton Road, South Shields, Tyne And Wear NE34 0RD	-	-	3	Flat
£73K	04/21	0.28 mi	85, Egerton Road, South Shields, Tyne And Wear NE34 0RD	£994	73	3	Flat
£80K	11/21	0.3 mi	49, Alnwick Road, South Shields, Tyne And Wear NE34 0LB	£976	82	3	Flat
£75K	01/21	0.37 mi	47, Boldon Lane, South Shields, Tyne And Wear NE34 0AR	£806	93	3	Flat
£87.5K	07/23	0.4 mi	18, Armstrong Terrace, South Shields, Tyne And Wear NE33 4LE	-	-	3	Flat
£56K	12/20	0.43 mi	92, Collingwood Street, South Shields, Tyne And Wear NE33 4JY	£824	68	3	Flat
£35K	02/23	0.44 mi	440, John Williamson Street, South Shields, Tyne And Wear NE33 5HW	£479	73	3	Flat
£80K	08/23	0.45 mi	79, Bewick Street, South Shields, Tyne And Wear NE33 4JU	-	-	3	Flat
£55K	08/23	0.45 mi	124, Mortimer Road, South Shields, Tyne And Wear NE33 4UQ	£618	89	3	Flat
£65.5K	09/21	0.48 mi	3, Whitehead Street, South Shields, Tyne And Wear NE33 5LZ	£885	74	3	Flat
£95K	05/23	0.48 mi	1, Garrick Street, South Shields, Tyne And Wear NE33 4JT	£1,381	69	3	Flat
£40K	12/20	0.54 mi	150, Eglesfield Road, South Shields, Tyne And Wear NE33 5PX	£678	59	3	Flat
£88K	07/21	0.56 mi	9, Oxford Avenue, South Shields, Tyne And Wear NE33 4TW	£1,073	82	3	Flat
£92K	09/23	0.56 mi	115, Canterbury Street, South Shields, Tyne And Wear NE33 4DD	£1,108	83	3	Flat
£65K	12/20	0.58 mi	48, Marlborough Street North, South Shields, Tyne And Wear NE33 4DA	£942	69	3	Flat
£47K	09/21	0.59 mi	19, Canterbury Street, South Shields, Tyne And Wear NE33 4DQ	-	-	3	Flat
£60K	01/21	0.61 mi	24, Northcote Street, South Shields, Tyne And Wear NE33 4BY	-	-	3	Flat
£60K	06/21	0.67 mi	21, Marshall Wallis Road, South Shields, Tyne And Wear NE33 5PD	£822	73	3	Flat
£75K	11/20	0.78 mi	175, Sunderland Road, South Shields, Tyne And Wear NE34 6AD	£652	115	3	Flat
£77K	04/24	0.83 mi	74, St Marys Avenue, South Shields, Tyne And Wear NE34 6AG	£1,230	63	3	Flat
£80K	08/23	0.88 mi	15, Kirkdale Court, South Shields, Tyne And Wear NE34 9EU	-	-	3	Flat
£82K	06/21	0.88 mi	157, Imeary Street, South Shields, Tyne And Wear NE33 4ES	£1,242	66	3	Flat
£105K	03/23	0.91 mi	140, Westoe Road, South Shields, Tyne And Wear NE33 3PF	£1,010	104	3	Flat
£82.5K	11/21	0.92 mi	22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW	£1,213	68	3	Flat
£55K	03/21	0.92 mi	22, Readhead Avenue, South Shields, Tyne And Wear NE33 3AW	£809	68	3	Flat
£65K	10/23	0.93 mi	186, Western Approach, South Shields, Tyne And Wear NE33 5DP	£756	86	3	Flat
£123K	06/23	0.96 mi	12, St Vincent Street, South Shields, Tyne And Wear NE33 3AR	£1,268	97	3	Flat

Local Rents

30 rents from £550/mo to £1.8K/mo, average is £685/mo.

Rent	Date	Distance	Address	Beds	Type
£625	11/24	0.14 mi	-	3	Flat
£600	05/24	0.16 mi	-	3	Flat
£665	03/25	0.17 mi	-	3	Flat
£900	02/25	0.17 mi	-	3	Terraced House
£650	04/25	0.19 mi	-	3	Flat
£795	06/24	0.19 mi	Vine Street, South Shields	3	Flat
£800	10/24	0.24 mi	-	3	Flat
£650	04/25	0.24 mi	-	3	Flat
£675	07/24	0.25 mi	Vine Street, South Shields	3	Flat
£600	06/24	0.25 mi	West Park, South Shields, NE33 4RG	3	Flat
£600	07/24	0.25 mi	West Park, South Shields, NE33 4RG	3	Flat
£550	07/24	0.27 mi	Stanhope Road, South Shields, Tyne and Wear, NE33	3	Flat
£800	06/24	0.35 mi	Wear Court, South Shields	3	Terraced House
£695	12/24	0.42 mi	Ravensworth Terrace, South Shields	3	Flat
£590	05/24	0.43 mi	John Williamson Street, South Shields, Tyne And Wear, NE33	3	Flat
£595	02/25	0.46 mi	-	3	Flat
£585	02/24	0.46 mi	-	3	Flat
£550	09/23	0.46 mi	-	3	Terraced House
£600	05/24	0.47 mi	-	3	House
£795	07/24	0.48 mi	-	3	Terraced House
£795	06/24	0.48 mi	Wadham Terrace, South Shields, NE34	3	Terraced House
£750	07/24	0.48 mi	West Harton, South Shields, NE34 0BU	3	Terraced House
£750	07/24	0.48 mi	West Harton, South Shields, NE34 0BU	3	Terraced House
£750	05/24	0.48 mi	-	3	Flat
£1,800	06/24	0.49 mi	-	3	Flat
£1,500	12/24	0.49 mi	-	3	Flat
£720	03/24	0.54 mi	Gordon Street, South Shields, Tyne And Wear, NE33	3	Semi-Detached House
£650	05/24	0.58 mi	-	3	Flat
£775	02/25	0.58 mi	-	3	Semi-Detached House
£795	05/24	0.59 mi	-	3	Terraced House

Local Area Statistics

Population in NE34	52,10152,101
Population in South Shields	79,43279,432
Town centre distance	0.48 miles away0.48 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+35%+35%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £70,000

March 4, 2025

Floor Plans

Description

FOR SALE BY AUCTION ON MONDAY 24TH MARCH 2025
Upper Two-bedroom Flat which has partly been refurbished to a very nice standard. This flat is vacant, in a desirable area and available for an immediate move in.
This property has a spacious and bright living room with large windows for plenty of natural light throughout this flat.
This property is ideally situated in Ashley Road - a sought-after location in South Shields.
You will find an array of local amenities, including shops, supermarkets, cafes, and restaurants, within easy reach. The town centre is a short distance away offering a range of entertainment options and excellent transport links. Frequent bus services are close by and this address is close to good schools.

Call for a viewing.

Bedroom 1 -

Bedroom 2 -

Bathroom -

Living Room -

Agent Details

PROPERTIES UNDER THE HAMMER AUCTIONS, Covering Nationwide

0161 524 2956

Next Steps?

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

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