3 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE34 7AQ, £230,000





ValuationOvervalued
Sold Prices | £82K - £290K |
Sold Prices/m² | £1.1K/m² - £3.4K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £2.5K/m² |
Value Estimate | £159,526£159,526 |
| |
End Value (After Refurb) | £230,000£230,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £57,500£57,500 |
Stamp Duty & Legal Fees | £12,700£12,700 |
Refurb Costs | £35,600£35,600 |
Bridging Loan Interest | £6,038£6,038 |
Total Cash In | £113,588£113,588 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £230,000£230,000 |
Mortgage (After Refinance) | £172,500£172,500 |
Mortgage LTV | 75%75% |
Cash Left In | £113,588£113,588 |
Equity | £57,500£57,500 |
Rent Range | £725 - £1,100£725 - £1,100 |
Rent Estimate | £868 |
Running Costs/mo | £912£912 |
Cashflow/mo | £-44£-44 |
Cashflow/yr | £-532£-532 |
Gross Yield | 5%5% |
Local Sold Prices
50 sold prices from £82K to £290K, average is £163.5K. £1.1K/m² to £3.4K/m², average is £1.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£211K | 08/24 | 0.03 mi | 25, Grotto Road, South Shields, Tyne And Wear NE34 7AQ | £2,269 | 93 | 3 | Semi-Detached House | |
£150K | 04/24 | 0.03 mi | 95, Grotto Road, South Shields, Tyne And Wear NE34 7AQ | £1,724 | 87 | 3 | Semi-Detached House | |
£140K | 05/21 | 0.05 mi | 56, Grotto Road, South Shields, Tyne And Wear NE34 7AH | £1,522 | 92 | 3 | Semi-Detached House | |
£139K | 02/24 | 0.14 mi | 289, Quarry Lane, South Shields, Tyne And Wear NE34 7AR | £1,544 | 90 | 3 | Semi-Detached House | |
£155K | 04/23 | 0.18 mi | 20, Lizard Lane, South Shields, Tyne And Wear NE34 7AW | £1,598 | 97 | 3 | Semi-Detached House | |
£200K | 10/23 | 0.22 mi | 100, Lake Avenue, South Shields, Tyne And Wear NE34 7AX | £1,942 | 103 | 3 | Semi-Detached House | |
£183K | 07/23 | 0.27 mi | 8, Cliffside, South Shields, Tyne And Wear NE34 7EZ | £2,377 | 77 | 3 | Semi-Detached House | |
£155K | 07/23 | 0.34 mi | 31, Westmorland Road, South Shields, Tyne And Wear NE34 7JJ | - | - | 3 | Semi-Detached House | |
£140K | 04/21 | 0.34 mi | 28, Westmorland Road, South Shields, Tyne And Wear NE34 7JJ | £1,667 | 84 | 3 | Semi-Detached House | |
£167K | 01/21 | 0.37 mi | 22, Norfolk Road, South Shields, Tyne And Wear NE34 7JW | £1,876 | 89 | 3 | Semi-Detached House | |
£190K | 03/23 | 0.39 mi | 8, Norfolk Road, South Shields, Tyne And Wear NE34 7JW | £2,104 | 90 | 3 | Semi-Detached House | |
£120K | 02/21 | 0.39 mi | 40, Norfolk Road, South Shields, Tyne And Wear NE34 7JW | £1,263 | 95 | 3 | Semi-Detached House | |
£272K | 10/23 | 0.4 mi | 120, Lumley Avenue, South Shields, Tyne And Wear NE34 7BN | £3,200 | 85 | 3 | Semi-Detached House | |
£210K | 12/23 | 0.41 mi | 17, Westmorland Road, South Shields, Tyne And Wear NE34 7JL | £2,333 | 90 | 3 | Semi-Detached House | |
£245K | 12/23 | 0.42 mi | 8, Beacon Glade, South Shields, Tyne And Wear NE34 7PS | £2,849 | 86 | 3 | Semi-Detached House | |
£165K | 02/23 | 0.45 mi | 11, Fulwell Avenue, South Shields, Tyne And Wear NE34 7DH | £1,941 | 85 | 3 | Terraced House | |
£222K | 04/21 | 0.45 mi | 77, Beacon Glade, South Shields, Tyne And Wear NE34 7QU | £2,552 | 87 | 3 | Detached House | |
£152K | 05/23 | 0.45 mi | 16, Chirton Grove, South Shields, Tyne And Wear NE34 7BP | £1,854 | 82 | 3 | Semi-Detached House | |
£290K | 11/22 | 0.45 mi | 42, Beacon Glade, South Shields, Tyne And Wear NE34 7PS | - | - | 3 | Detached House | |
£161.5K | 08/23 | 0.49 mi | 45, Walworth Avenue, South Shields, Tyne And Wear NE34 7EW | - | - | 3 | Terraced House | |
£230K | 05/22 | 0.49 mi | 21, Beaconside, South Shields, Tyne And Wear NE34 7PY | £2,421 | 95 | 3 | Detached House | |
£139.9K | 01/21 | 0.49 mi | 4, Deneside, South Shields, Tyne And Wear NE34 7RW | £1,555 | 90 | 3 | Semi-Detached House | |
£165K | 05/24 | 0.49 mi | 4, Deneside, South Shields, Tyne And Wear NE34 7RW | - | - | 3 | Semi-Detached House | |
£290K | 02/22 | 0.5 mi | 92, Beaconside, South Shields, Tyne And Wear NE34 7PX | £3,432 | 85 | 3 | Detached House | |
£192K | 06/24 | 0.51 mi | 107, Lumley Avenue, South Shields, Tyne And Wear NE34 7DL | - | - | 3 | Semi-Detached House | |
£260K | 10/23 | 0.53 mi | 17, Suffolk Gardens, South Shields, Tyne And Wear NE34 7JF | £2,562 | 101 | 3 | Detached House | |
£100K | 04/21 | 0.55 mi | 93, Steward Crescent, South Shields, Tyne And Wear NE34 7EJ | £1,256 | 80 | 3 | Semi-Detached House | |
£242K | 08/21 | 0.55 mi | 107, Beaconside, South Shields, Tyne And Wear NE34 7PT | - | - | 3 | Detached House | |
£215K | 12/20 | 0.55 mi | 193, Beaconside, South Shields, Tyne And Wear NE34 7PT | £2,416 | 89 | 3 | Semi-Detached House | |
£245K | 03/23 | 0.56 mi | 96, Beaconside, South Shields, Tyne And Wear NE34 7PX | - | - | 3 | Semi-Detached House | |
£180K | 07/23 | 0.62 mi | 10, Thornholme Avenue, South Shields, Tyne And Wear NE34 7DT | - | - | 3 | Terraced House | |
£115K | 11/20 | 0.64 mi | 65, Thornholme Avenue, South Shields, Tyne And Wear NE34 7DS | £1,106 | 104 | 3 | Semi-Detached House | |
£171K | 06/21 | 0.67 mi | 47, Dorset Avenue, South Shields, Tyne And Wear NE34 7JA | - | - | 3 | Semi-Detached House | |
£162K | 11/20 | 0.67 mi | 51, Dorset Avenue, South Shields, Tyne And Wear NE34 7JA | £1,761 | 92 | 3 | Semi-Detached House | |
£120K | 06/21 | 0.67 mi | 9, Watson Avenue, South Shields, Tyne And Wear NE34 7QX | £1,765 | 68 | 3 | Terraced House | |
£180K | 07/23 | 0.7 mi | 70, Ede Avenue, South Shields, Tyne And Wear NE34 7ED | - | - | 3 | Terraced House | |
£157K | 11/20 | 0.7 mi | 30, Lumley Avenue, South Shields, Tyne And Wear NE34 7DW | £1,707 | 92 | 3 | Semi-Detached House | |
£127K | 03/23 | 0.73 mi | 2, Ede Avenue, South Shields, Tyne And Wear NE34 7EA | - | - | 3 | Semi-Detached House | |
£130K | 10/21 | 0.73 mi | 145, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DX | £1,831 | 71 | 3 | Terraced House | |
£152K | 12/20 | 0.75 mi | 59, Hylton Avenue, South Shields, Tyne And Wear NE34 7SF | £1,652 | 92 | 3 | Semi-Detached House | |
£155K | 07/24 | 0.75 mi | 23, Ede Avenue, South Shields, Tyne And Wear NE34 7EB | - | - | 3 | Semi-Detached House | |
£127K | 04/21 | 0.76 mi | 70, Tanfield Gardens, South Shields, Tyne And Wear NE34 7DY | £1,868 | 68 | 3 | Terraced House | |
£197.5K | 12/23 | 0.82 mi | 24, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG | £2,244 | 88 | 3 | Semi-Detached House | |
£160K | 12/20 | 0.82 mi | 27, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG | £1,758 | 91 | 3 | Semi-Detached House | |
£190K | 05/23 | 0.82 mi | 4, Hurworth Avenue, South Shields, Tyne And Wear NE34 7SG | £2,135 | 89 | 3 | Semi-Detached House | |
£82K | 11/23 | 0.84 mi | 8, Shelley Avenue, South Shields, Tyne And Wear NE34 7QE | £1,262 | 65 | 3 | Terraced House | |
£145K | 09/23 | 0.85 mi | 22, Arthur Street, Whitburn, Sunderland, Tyne And Wear SR6 7NE | £1,295 | 112 | 3 | Terraced House | |
£170K | 03/23 | 0.85 mi | 126, Centenary Avenue, South Shields, Tyne And Wear NE34 6SG | £1,662 | 102 | 3 | Semi-Detached House | |
£100K | 07/21 | 0.85 mi | 17, Farne Avenue, South Shields, Tyne And Wear NE34 7HG | £1,250 | 80 | 3 | Terraced House | |
£120K | 10/21 | 0.88 mi | 1, Craster Avenue, South Shields, Tyne And Wear NE34 7TN | £1,558 | 77 | 3 | Terraced House |
Local Rents
19 rents from £725/mo to £1.1K/mo, average is £850/mo.
Rent | Date | Distance | Address | Beds | Type | |
£895 | 05/24 | 0.08 mi | Lizard Lane, South Shields | 3 | Detached House | |
£895 | 05/24 | 0.34 mi | Lumley Avenue, South Shields | 3 | Detached House | |
£895 | 05/24 | 0.39 mi | Fulwell Avenue, South Shields | 3 | Detached House | |
£795 | 07/24 | 0.57 mi | Greenside, Marsden, South Shields, Tyne and Wear, NE34 7RN | 3 | Semi-Detached House | |
£900 | 12/24 | 0.65 mi | - | 3 | Terraced House | |
£850 | 04/24 | 0.83 mi | - | 3 | Semi-Detached House | |
£800 | 05/24 | 0.87 mi | - | 3 | Semi-Detached House | |
£775 | 05/24 | 0.87 mi | - | 3 | Semi-Detached House | |
£950 | 05/24 | 0.87 mi | East Avenue, South Shields, NE34 | 3 | Detached House | |
£975 | 05/24 | 0.89 mi | East Avenue, South Shields, NE34 | 3 | Detached House | |
£850 | 05/24 | 0.89 mi | - | 3 | Semi-Detached House | |
£850 | 10/23 | 0.9 mi | - | 3 | Semi-Detached House | |
£755 | 03/25 | 0.94 mi | - | 3 | Semi-Detached House | |
£950 | 05/24 | 0.98 mi | Centenary Avenue, South Shields | 3 | Detached House | |
£785 | 12/24 | 0.98 mi | - | 3 | Semi-Detached House | |
£725 | 12/24 | 1.03 mi | - | 3 | Semi-Detached House | |
£850 | 07/24 | 1.1 mi | Horsley Vale, South Shields | 3 | Semi-Detached House | |
£1,100 | 07/24 | 1.12 mi | Allendale Drive, South Shields | 3 | Semi-Detached House | |
£900 | 05/24 | 1.22 mi | North Close, South Shields, Tyne And Wear, NE34 | 3 | Detached House |
Local Area Statistics
Population in NE34 | 52,10152,101 |
Population in South Shields | 79,43279,432 |
Town centre distance | 1.82 miles away1.82 miles away |
Nearest school | 0.90 miles away0.90 miles away |
Nearest train station | 2.30 miles away2.30 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 £230,000
March 11, 2025
Description
- Highly Sought After Coastal Location +
- Sea Views Over Marsden Beach ! +
- Ready For Personalisation & Modernisation +
- Sold With No Onward Chain & Vacant Possession +
- Superb First Time & Family Home +
- Reference : 303331 +
SEA VIEWS! This charming Family home on Grotto Road boasts stunning direct views across the North Sea. Ideally located in the highly sought after Marsden area, it offers easy access to The Leas and the award winning Coastline.
The ground floor features an entrance porch leading to a welcoming hallway, a spacious lounge with a connecting door to the dining room, a well proportioned kitchen, and a convenient utility room. Upstairs, there are three bedrooms, two with fitted wardrobes, and the second bedroom enjoying breathtaking sea views. A family bathroom with a separate WC completes the first floor.
Externally, the property benefits from gardens to the front and rear, as well as a driveway leading to a single garage, providing ample parking. Offered with vacant possession, this home presents a fantastic opportunity to modernise and create a stunning Coastal retreat. Early viewing is highly recommended!
ENTRANCE
Via solid wood door into Porch.
PORCH
Door into Hallway.
HALLWAY
Double glazed window, stairs to first floor Landing and radiator.
LOUNGE 3.84m (12'7) x 3.89m (12'9)
Double glazed window, radiator and door into Dining Room.
DINING ROOM 3.1m (10'2) x 2.67m (8'9)
Double glazed window, radiator and door into Kitchen.
KITCHEN BREAKFAST ROOM 3.23m (10'7) x 2.95m (9'8)
Kitchen units with sink, space for cooker, lino to floor, storage cupboard, double glazed window, part wood panelling to walls, radiator and door into Utility.
UTILITY ROOM
Double glazed window, storage cupboard, plumbing for washer, space for fridge freezer, space for tumble dryer, kitchen base unit and door to outhouse and door to rear Garden.
FIRST FLOOR LANDING
Storage cupboard housing COMBI boiler, loft access and double glazed window.
BEDROOM ONE 3.84m (12'7) x 2.97m (9'9)
Fitted wardrobes with drawers and overhead storage, double glazed window and radiator.
BEDROOM TWO 3.51m (11'6) x 2.49m (8'2)
Fitted wardrobes with overhead storage, double glazed window, radiator and Sea views.
BEDROOM THREE 2.92m (9'7) x 2.72m (8'11)
Double glazed window and radiator.
BATHROOM
Panelled bath with shower over and shower curtain, pedestal hand wash basin, double glazed window, tiling to walls and radiator.
SEPARATE W.C.
Low flush W.C., double glazed window and tiling to walls.
EXTERNALLY
Low maintenance garden to front and a lawned garden to rear.
PARKING
Driveway providing off road parking which leads to the Garage.
GARAGE
Detached single garage, accessed via up and over door.
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 2 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 7AQ and mobile coverage is provided by Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: B
EPC Rating: C