3 Bed Terraced House, Refurb/BRRR, South Shields, NE34 9LX, £75,000
ValuationFair Value
| Sold Prices | £67K - £279.9K |
| Sold Prices/m² | £918/m² - £2.9K/m² |
| |
Square Metres | ~93 m² |
| Price/m² | £806/m² |
Value Estimate | £75,750£75,750 |
| |
End Value (After Refurb) | £143,171£143,171 |
Uplift in Value | +91%+91% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £18,750£18,750 |
Stamp Duty & Legal Fees | £4,950£4,950 |
Refurb Costs | £35,600£35,600 |
Bridging Loan Interest | £1,969£1,969 |
Total Cash In | £63,019£63,019 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £143,171£143,171 |
Agent Fees (1%) | £1,432£1,432 |
Bridging Loan | £56,250£56,250 |
Bridging Loan Interest | £1,969£1,969 |
Flip Profit | £22,471£22,471 |
Local Sold Prices
50 sold prices from £67K to £279.9K, average is £105K. £918/m² to £2.9K/m², average is £1.3K/m².
| Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
| £85K | 06/21 | 0.02 mi | 74, Masefield Drive, South Shields, Tyne And Wear NE34 9LX | £1,149 | 74 | 3 | Terraced House | |
| £88K | 06/21 | 0.04 mi | 41, Masefield Drive, South Shields, Tyne And Wear NE34 9LX | £1,173 | 75 | 3 | Semi-Detached House | |
| £85K | 07/23 | 0.05 mi | 21, Grays Walk, South Shields, Tyne And Wear NE34 9LT | - | - | 3 | Terraced House | |
| £67K | 11/20 | 0.05 mi | 23, Grays Walk, South Shields, Tyne And Wear NE34 9LT | £918 | 73 | 3 | Terraced House | |
| £124K | 08/23 | 0.05 mi | 25, Grays Walk, South Shields, Tyne And Wear NE34 9LT | £1,722 | 72 | 3 | Terraced House | |
| £120K | 02/23 | 0.05 mi | 11, Grays Walk, South Shields, Tyne And Wear NE34 9LT | £1,579 | 76 | 3 | Terraced House | |
| £90K | 03/21 | 0.08 mi | 51, Grays Walk, South Shields, Tyne And Wear NE34 9LS | £1,169 | 77 | 3 | Terraced House | |
| £93K | 08/21 | 0.13 mi | 107, Masefield Drive, South Shields, Tyne And Wear NE34 9LQ | £1,224 | 76 | 3 | Terraced House | |
| £86K | 06/21 | 0.14 mi | 21, Caxton Walk, South Shields, Tyne And Wear NE34 9LW | £1,021 | 84 | 3 | Terraced House | |
| £220K | 09/22 | 0.21 mi | 15, Troutbeck Way, South Shields, Tyne And Wear NE34 9HE | £2,292 | 96 | 3 | Detached House | |
| £100K | 10/21 | 0.22 mi | 90, Kingsley Avenue, South Shields, Tyne And Wear NE34 9JA | £1,422 | 70 | 3 | Terraced House | |
| £155K | 02/21 | 0.23 mi | 27, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF | £2,183 | 71 | 3 | Terraced House | |
| £204K | 04/23 | 0.23 mi | 8, Westcliffe Way, South Shields, Tyne And Wear NE34 9HF | - | - | 3 | Semi-Detached House | |
| £215K | 07/23 | 0.24 mi | 6, Dykelands Way, South Shields, Tyne And Wear NE34 9HA | £2,337 | 92 | 3 | Semi-Detached House | |
| £210K | 03/24 | 0.24 mi | 4, Dykelands Way, South Shields, Tyne And Wear NE34 9HA | £2,333 | 90 | 3 | Semi-Detached House | |
| £72K | 09/23 | 0.24 mi | 2, Dryden Close, South Shields, Tyne And Wear NE34 9LD | - | - | 3 | Semi-Detached House | |
| £105K | 07/23 | 0.27 mi | 18, Burns Close, South Shields, Tyne And Wear NE34 9LA | £1,273 | 83 | 3 | Terraced House | |
| £88K | 01/21 | 0.27 mi | 47, Melbourne Gardens, South Shields, Tyne And Wear NE34 9DH | £1,173 | 75 | 3 | Terraced House | |
| £120K | 10/23 | 0.29 mi | 83, Galsworthy Road, South Shields, Tyne And Wear NE34 9HW | £1,500 | 80 | 3 | Terraced House | |
| £186K | 11/20 | 0.3 mi | 28, Prensgarth Way, South Shields, Tyne And Wear NE34 9HD | £1,879 | 99 | 3 | Detached House | |
| £96K | 02/21 | 0.3 mi | 5, Orwell Close, South Shields, Tyne And Wear NE34 9JT | - | - | 3 | Terraced House | |
| £77.5K | 11/20 | 0.33 mi | 140, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR | £945 | 82 | 3 | Terraced House | |
| £100K | 01/21 | 0.33 mi | 79, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR | - | - | 3 | Terraced House | |
| £104K | 03/23 | 0.33 mi | 81, Belloc Avenue, South Shields, Tyne And Wear NE34 9HR | £1,268 | 82 | 3 | Terraced House | |
| £80K | 05/23 | 0.33 mi | 65, Belloc Avenue, South Shields, Tyne And Wear NE34 9HT | £988 | 81 | 3 | Terraced House | |
| £165K | 06/21 | 0.34 mi | 32, Silverdale Way, South Shields, Tyne And Wear NE34 9HB | £2,116 | 78 | 3 | Semi-Detached House | |
| £220K | 01/22 | 0.35 mi | 5, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ | - | - | 3 | Detached House | |
| £225K | 04/24 | 0.38 mi | 25, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ | - | - | 3 | Semi-Detached House | |
| £225K | 01/21 | 0.38 mi | 51, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ | £2,922 | 77 | 3 | Detached House | |
| £235K | 07/22 | 0.38 mi | 65, Langford Drive, Boldon Colliery, Tyne And Wear NE35 9LJ | - | - | 3 | Detached House | |
| £140K | 04/23 | 0.39 mi | 23, Brisbane Avenue, South Shields, Tyne And Wear NE34 9DN | - | - | 3 | Terraced House | |
| £102K | 08/23 | 0.4 mi | 2, Hobart Avenue, South Shields, Tyne And Wear NE34 9DU | £1,259 | 81 | 3 | Terraced House | |
| £98K | 10/21 | 0.4 mi | 28, Tasmania Road, South Shields, Tyne And Wear NE34 9DX | £1,195 | 82 | 3 | Terraced House | |
| £102.3K | 12/20 | 0.41 mi | 36, Richardson Avenue, South Shields, Tyne And Wear NE34 9RR | £1,162 | 88 | 3 | Semi-Detached House | |
| £135K | 08/24 | 0.41 mi | 13, Lanark Drive, Jarrow, Tyne And Wear NE32 4JH | - | - | 3 | Semi-Detached House | |
| £97.5K | 03/23 | 0.42 mi | 100, Chesterton Road, South Shields, Tyne And Wear NE34 9HJ | - | - | 3 | Terraced House | |
| £90K | 12/23 | 0.44 mi | 57, Chesterton Road, South Shields, Tyne And Wear NE34 9TN | £1,023 | 88 | 3 | Terraced House | |
| £110K | 12/21 | 0.45 mi | 26, Monkton Avenue, South Shields, Tyne And Wear NE34 9RX | £1,158 | 95 | 3 | Semi-Detached House | |
| £130K | 12/23 | 0.45 mi | 150, Inverness Road, Jarrow, Tyne And Wear NE32 4JF | - | - | 3 | Semi-Detached House | |
| £123K | 11/20 | 0.45 mi | 158, Inverness Road, Jarrow, Tyne And Wear NE32 4JF | £1,577 | 78 | 3 | Semi-Detached House | |
| £137.5K | 10/23 | 0.45 mi | 34, Lanark Drive, Jarrow, Tyne And Wear NE32 4JL | - | - | 3 | Semi-Detached House | |
| £279.9K | 06/22 | 0.46 mi | 10, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL | £2,089 | 134 | 3 | Semi-Detached House | |
| £105K | 09/21 | 0.46 mi | 128, Perth Avenue, South Shields, Tyne And Wear NE34 9DP | £1,290 | 81 | 3 | Semi-Detached House | |
| £91K | 04/23 | 0.46 mi | 17, Hazlitt Avenue, South Shields, Tyne And Wear NE34 9SX | £1,152 | 79 | 3 | Terraced House | |
| £105K | 11/23 | 0.46 mi | 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW | £1,419 | 74 | 3 | Terraced House | |
| £137.5K | 06/24 | 0.47 mi | 3, Oban Street, Jarrow, Tyne And Wear NE32 4HU | - | - | 3 | Semi-Detached House | |
| £95K | 03/21 | 0.47 mi | 11, Oban Street, Jarrow, Tyne And Wear NE32 4HU | £1,056 | 90 | 3 | Semi-Detached House | |
| £81K | 12/22 | 0.48 mi | 11, Hardy Avenue, South Shields, Tyne And Wear NE34 9TJ | £982 | 83 | 3 | Terraced House | |
| £225K | 03/23 | 0.49 mi | 7, Evesham Close, Boldon Colliery, Tyne And Wear NE35 9LL | £2,520 | 89 | 3 | Semi-Detached House | |
| £155K | 02/23 | 0.51 mi | 79, Dame Flora Robson Avenue, South Shields, Tyne And Wear NE34 9ED | £1,824 | 85 | 3 | Semi-Detached House |
Local Rents
11 rents from £650/mo to £2.4K/mo, average is £816/mo.
| Rent | Date | Distance | Address | Beds | Type | |
| £650 | 05/24 | 0.18 mi | Brookes Walk, South Shields, Tyne And Wear | 3 | Flat | |
| £695 | 11/23 | 0.4 mi | - | 3 | Semi-Detached House | |
| £816 | 12/24 | 0.4 mi | - | 3 | Terraced House | |
| £2,350 | 05/24 | 0.41 mi | - | 3 | Terraced House | |
| £2,350 | 07/24 | 0.41 mi | - | 3 | Terraced House | |
| £2,350 | 01/25 | 0.41 mi | - | 3 | Terraced House | |
| £2,200 | 02/25 | 0.41 mi | - | 3 | Terraced House | |
| £825 | 03/25 | 0.41 mi | - | 3 | Semi-Detached House | |
| £750 | 05/24 | 0.56 mi | - | 3 | Semi-Detached House | |
| £750 | 05/24 | 0.56 mi | - | 3 | Semi-Detached House | |
| £700 | 12/24 | 0.61 mi | Heaton Gardens, South Shields, NE34 | 3 | Terraced House |
Local Area Statistics
Population in NE34 | 52,10152,101 |
Population in South Shields | 79,43279,432 |
Town centre distance | 1.90 miles away1.90 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.38 miles away0.38 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 £75,000
March 18, 2025
Description
- Rental Investment Opportunity ! Sold With No Onward Chain +
- Nearby Amenities Including Brockley Whins Metro Station & Bus Links +
- In Need Of Modernisation & Personalisation +
- Gardens To Rear With Off Road Parking To Front +
- Call Now To View - Don't Miss Out ! +
- Reference : 451225 +
Located on Masefield Drive, this three-bedroom mid-terrace home is sure to have great appeal. Situated in a convenient location, it offers easy access to local shops, amenities, and excellent transport links, including the A19 for commuters. The ground floor features a hallway, a spacious lounge, and a well-proportioned kitchen/diner. Upstairs, there are three bedrooms, a bathroom, and a separate WC.
Externally, the property benefits from a driveway to the front, offering off-road parking alongside a lawned area. To the rear, a generous garden.
Offered with vacant possession, this home presents a fantastic opportunity. Early viewing is advised.
ENTRANCE
Via UPVC door into Hallway.
HALLWAY
Stairs to first floor Landing, radiator, door into Kitchen and door into Lounge.
LOUNGE 5.31m (17'5) x 3.1m (10'2)
Double glazed window to front, double glazed window to rear, two radiators and laminate flooring.
KITCHEN DINER 5.31m (17'5) x 3.53m (11'7)
Wall and base units, sink unit with mixer tap, space for cooker, plumbing for washing machine, double glazed window to front, double glazed window to rear, radiator and tiling to floor.
FIRST FLOOR LANDING
Storage cupboard housing COMBI boiler.
BEDROOM ONE 3.78m (12'5) x 2.97m (9'9)
Double glazed window, radiator and laminate flooring.
BEDROOM TWO 4.04m (13'3) x 2.49m (8'2)
Double glazed window, storage cupboard and radiator.
BEDROOM THREE 2.06m (6'9) x 1.65m (5'5)
Double glazed window and radiator.
BATHROOM
Panelled bath, wash basin, tiling to floor, part tiling to walls and double glazed window.
SEPARATE W.C.
Low flush W.C., double glazed window, part tiling to walls and tiling to floor.
EXTERNALLY
Garden to rear.
PARKING
Driveway to front providing off road parking.
Tenure
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 5 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 9LX and mobile coverage is provided by EE, Three, O2, 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