2 Bed Semi-Detached House, Refurb/BRRR, South Shields, NE34 9QW, £90,000

Henderson Road, Simonside, South Shields, Tyne and Wear, NE34 9QW - 3 views - 2 months ago

Refurb/BRRR
ROI: 4%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£60K - £200K
Sold Prices/m²£869/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£90,970

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£26,073

Bridging Loan Interest

£2,363

Total Cash In

£58,385

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£90,970

Mortgage (After Refinance)

£68,228

Mortgage LTV

75%

Cash Released

£728

Cash Left In

£57,657

Equity

£22,743

Rent Range

£575 - £795

Rent Estimate

£630

Running Costs/mo

£430

Cashflow/mo

£200

Cashflow/yr

£2,397

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £200K, average is £97.8K. £869/m² to £3.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£156K03/210.07 mi20, Ayrey Avenue, South Shields, Tyne And Wear NE34 9EG2
£97.5K12/200.09 mi27, Ewart Crescent, South Shields, Tyne And Wear NE34 9EL2
£120K08/230.09 mi40, Winskell Road, South Shields, Tyne And Wear NE34 9EQ2
£68K06/240.09 mi63, Henderson Road, South Shields, Tyne And Wear NE34 9QP2
£90K07/240.11 mi41, Peel Gardens, South Shields, Tyne And Wear NE34 9EN2
£125K11/210.12 mi16, Drummond Crescent, South Shields, Tyne And Wear NE34 9QR2
£90K10/210.12 mi8, Drummond Crescent, South Shields, Tyne And Wear NE34 9QR2
£98K09/230.12 mi29, Drummond Crescent, South Shields, Tyne And Wear NE34 9QR2
£92K02/230.13 mi57, Dame Flora Robson Avenue, South Shields, Tyne And Wear NE34 9EE2
£112.5K03/230.14 mi187, Newcastle Road, South Shields, Tyne And Wear NE34 9ER2
£117K02/240.14 mi6, Henderson Road, South Shields, Tyne And Wear NE34 9QL2
£92.8K03/210.14 mi2, Henderson Road, South Shields, Tyne And Wear NE34 9QL2
£84K05/210.14 mi8, Noble Gardens, South Shields, Tyne And Wear NE34 9RA2
£111.8K03/230.18 mi269, Newcastle Road, South Shields, Tyne And Wear NE34 9EP2
£95K01/210.2 mi12, Stoker Avenue, South Shields, Tyne And Wear NE34 9QZ2
£113K07/240.23 mi31, Sydney Gardens, South Shields, Tyne And Wear NE34 9DZ2
£65K03/210.24 mi22, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU2
£102K03/230.24 mi22, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU2
£122.5K03/210.25 mi28, Elgin Street, Jarrow, Tyne And Wear NE32 4BE2
£80K08/230.26 mi64, Fox Avenue, South Shields, Tyne And Wear NE34 9RW2
£117K03/230.3 mi59, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QU2
£73K12/200.3 mi31, Laybourn Gardens, South Shields, Tyne And Wear NE34 9RJ2
£67K12/230.31 mi6, Edinburgh Road, Jarrow, Tyne And Wear NE32 4AX2
£75K01/210.32 mi89, Perth Avenue, Jarrow, Tyne And Wear NE32 4HT2
£83K06/210.34 mi54, Edinburgh Road, Jarrow, Tyne And Wear NE32 4BD2
£200K12/230.35 mi6, Sandstone Close, South Shields, Tyne And Wear NE34 9JX2
£85K11/200.35 mi40, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN2
£62.5K11/230.36 mi17, Ebor Street, South Shields, Tyne And Wear NE34 9AS2
£110K07/230.37 mi42, Australia Grove, South Shields, Tyne And Wear NE34 9DQ2
£120K09/230.37 mi31, Aberdeen Drive, Jarrow, Tyne And Wear NE32 4AZ2
£105K03/240.38 mi8, Glasgow Road, Jarrow, Tyne And Wear NE32 4AU2
£85K03/210.38 mi6, Glasgow Road, Jarrow, Tyne And Wear NE32 4AU2
£60K12/200.4 mi9, Madras Street, South Shields, Tyne And Wear NE34 9AY2
£140K12/200.41 mi183, Wenlock Road, South Shields, Tyne And Wear NE34 9BP2
£85K08/230.42 mi82, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DJ2
£117K04/240.42 mi72, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DJ2
£95K12/230.42 mi43, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH2
£95K12/220.43 mi137, Hadrian Road, Jarrow, Tyne And Wear NE32 3TS2
£150K01/240.43 mi2, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF2
£120K02/230.44 mi29, Collin Drive, South Shields, Tyne And Wear NE34 9FD2
£80K12/200.45 mi74, Australia Grove, South Shields, Tyne And Wear NE34 9DF2
£130K02/240.48 mi7, Hyperion Avenue, South Shields, Tyne And Wear NE34 9AE2
£156.8K10/210.48 mi2, Newton Grove, South Shields, Tyne And Wear NE34 9AF2
£89K07/210.49 mi174, Inverness Road, Jarrow, Tyne And Wear NE32 4JG2
£85.5K01/210.49 mi4, Edendale Court, South Shields, Tyne And Wear NE34 9EY2
£115K07/240.53 mi5, Chillingham Terrace, Jarrow, Tyne And Wear NE32 3TZ2
£101K06/210.53 mi57, Lanark Drive, Jarrow, Tyne And Wear NE32 4JW2
£100K04/210.56 mi15, Foxglove Court, South Shields, Tyne And Wear NE34 0BH2
£120K12/220.56 mi3, Foxglove Court, South Shields, Tyne And Wear NE34 0BH2
£93K05/210.57 mi78, Brockley Avenue, South Shields, Tyne And Wear NE34 0TY2

Local Rents

10 rents from £575/mo to £795/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£65006/240.03 miWinskell Road, South Shields, Tyne And Wear2
£69506/240.14 miNewcastle Road , Simonside, South Shields2
£79504/250.26 mi-2
£79504/250.26 mi-2
£65007/240.33 miEdinburgh Road, Jarrow2
£72504/250.37 mi-2
£77505/240.42 miCollin Drive, South Shields2
£57503/240.44 mi-2
£57505/240.44 miGlasgow Road, Jarrow, NE322
£69505/240.6 mi-2

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £90,000

March 11, 2025

Description

  • TWO BEDROOM TWO RECEPTION ROOM +
  • SEMI DETACHED HOUSE +
  • GAS CENTRAL HEATING AND DOUBLE GLAZED +
  • DRIVEWAY AND SINGLE GARAGE +

| TWO BEDROOM | TWO RECEPTION ROOM | SEMI DETACHED HOUSE | SINGLE GARAGE AND DRIVEWAY | 360 DEGREE TOUR |

We are delighted to offer to the market this two bedroom two reception room semi detached house on the popular Henderson Road, South Shields. Benefiting from gas central heating and double glazing, the property has the added benefit of a single garage and driveway as well as an enclosed garden to the rear. In need of some cosmetic updating, the property would make a great first time buy or investment opportunity.

Comprising briefly :- Upvc door to the entrance porch with door to the hallway. Doors to the lounge and kitchen, stairs to the first floor landing. The dining room leads from the kitchen as does the single garage. To the first floor landing lie bedroom one, bedroom two and bathroom.

Externally an enclosed garden lies to the rear with a driveway to the front leading to the single garage.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, South Shields

0191 625 0219

Next Steps?

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