2 Bed Flat, Refurb/BRRR, South Shields, NE33 4RQ, £60,000

Lemon Street, South Shields, NE33 4RQ - a month ago

Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationUndervalued











Investment Opportunity



































Local Area Statistics

Population in NE33

27,262

Population in South Shields

79,432

Town centre distance

0.74 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+8%

Property History

Listed for £60,000

March 13, 2025

Floor Plans

Description

  • Sold With No Onward Chain & Vacant Possession ! +
  • Idyllic Investment Opportunity Ready To Personalise +
  • Nearby Amenities Include Shops, Bus Links & Metro Stations +
  • Shared Yard To Rear For Outdoor Space +
  • Reference : 463083 +

This ground floor flat in Tyne Dock presents an excellent investment opportunity, ideal for rental potential or as a first time buy. Offered with no onward chain and vacant possession, the property is conveniently located close to a variety of local amenities, including shops on Stanhope Road and Boldon Lane, bus links, Tyne Dock metro station, and nearby schools.

Although it requires some modernisation and personalisation, it offers a great chance for someone to put their own stamp on. The layout includes an entrance hallway, lounge, kitchen, bathroom, and two bedrooms. Externally, there's a shared yard at the rear. With its potential and prime location, this flat is definitely worth viewing - call now to arrange!
ENTRANCE
Door into Hallway.
HALLWAY
Door into Bedroom One, Bedroom Two and Lounge.
BEDROOM ONE 4.32m (14'2) x 4.09m (13'5)
Double glazed window and radiator.
BEDROOM TWO 3.58m (11'9) x 2.21m (7'3)
Double glazed window and radiator.
LOUNGE 4.09m (13'5) x 3.78m (12'5)
Double glazed window, radiator, fitted cupboard and door into Kitchen.
KITCHEN 3.3m (10'10) x 2.34m (7'8)
Base units with worktops over, space for oven, plumbing for washing machine, space for fridge freezer, sink unit with mixer tap, double glazed window, boiler is located here and door into Bathroom.
BATHROOM
Bath with shower over and shower screen, pedestal hand wash basin, low flush W.C., double glazed window and part tiling to walls.
EXTERNALLY
Shared yard to rear.
Tenure
We are informed the property is Freehold.

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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 8 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE33 4RQ and mobile coverage is provided by EE, Three, O2 and 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: A
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
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.

EPC Rating: C

Agent Details

Andrew Craig, South Shields

0191 625 0766

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.