3 Bed Terraced House, Refurb/BRRR, North Shields, NE30 3PD, £250,000

15 Rennington Close, Tynemouth, NE30 3PD - 9 days ago

Refurb/BRRR
~93 m²
+4 photos

ValuationFair Value

Sold Prices£200.3K - £825K
Sold Prices/m²£2.6K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£252,500

 

 

End Value (After Refurb)

£351,919

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£35,610

Bridging Loan Interest

£6,563

Total Cash In

£122,623

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£351,919

Agent Fees (1%)

£3,519

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£38,277

Local Sold Prices

50 sold prices from £200.3K to £825K, average is £366.5K. £2.6K/m² to £6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£230K12/220.03 mi178, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3TQ3
£200.3K11/210.05 mi183, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3TQ3
£353K09/230.07 mi35, Rennington Avenue, North Shields, Tyne And Wear NE30 3PA3
£205K02/210.07 mi31, Rennington Avenue, North Shields, Tyne And Wear NE30 3PA3
£360K11/210.12 mi39, Whittingham Road, North Shields, Tyne And Wear NE30 3TB3
£400K09/230.13 mi173, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3TG3
£230K12/200.13 mi151, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3TG3
£825K08/220.15 mi65, The Broadway, North Shields, Tyne And Wear NE30 2LJ3
£550K04/210.15 mi2, Saxon Drive, North Shields, Tyne And Wear NE30 2NJ3
£375K10/230.18 mi55, Whittingham Road, North Shields, Tyne And Wear NE30 3TD3
£400K06/210.2 mi2, Ealing Drive, North Shields, Tyne And Wear NE30 3SP3
£380K08/210.22 mi9, Monkstone Crescent, North Shields, Tyne And Wear NE30 2QG3
£575K11/210.22 mi1, Aldenham Gardens, North Shields, Tyne And Wear NE30 2NQ3
£580K08/230.22 mi1, Aldenham Gardens, North Shields, Tyne And Wear NE30 2NQ3
£390.5K06/210.22 mi15, Monks Way, North Shields, Tyne And Wear NE30 2QN3
£380K02/230.24 mi8, Henley Road, North Shields, Tyne And Wear NE30 3SW3
£330K08/230.24 mi14, Henley Road, North Shields, Tyne And Wear NE30 3SW3
£390K05/230.24 mi24, Henley Road, North Shields, Tyne And Wear NE30 3SW3
£555K09/230.24 mi62, Beach Road, North Shields, Tyne And Wear NE30 2QT3
£600K10/220.27 mi25, Parkside Crescent, North Shields, Tyne And Wear NE30 4JR3
£634.5K05/230.27 mi46, The Broadway, North Shields, Tyne And Wear NE30 2LQ3
£432.5K04/210.28 mi14, Parkside Crescent, North Shields, Tyne And Wear NE30 4JR3
£574K08/230.28 mi11, Hastings Drive, North Shields, Tyne And Wear NE30 2LN3
£415K01/210.28 mi17, Hastings Drive, North Shields, Tyne And Wear NE30 2LN3
£525K03/210.28 mi28, Hastings Drive, North Shields, Tyne And Wear NE30 2LN3
£353K08/210.3 mi32, Monkstone Crescent, North Shields, Tyne And Wear NE30 2QE3
£303K12/200.31 mi22, Beach Croft Avenue, North Shields, Tyne And Wear NE30 3SN3
£235K02/230.31 mi113, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3DZ3
£295.6K01/210.31 mi5, Hartington Road, North Shields, Tyne And Wear NE30 3SJ3
£313.5K12/200.32 mi74, Wansbeck Avenue, North Shields, Tyne And Wear NE30 3DJ3
£335K09/230.32 mi99, Wansbeck Avenue, North Shields, Tyne And Wear NE30 3DJ3
£220K08/210.32 mi91, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3EA3
£240K06/210.32 mi101, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3EA3
£265K04/230.32 mi101, Links Road, Cullercoats, North Shields, Tyne And Wear NE30 3EA3
£595K08/230.33 mi16, Abbey Drive, North Shields, Tyne And Wear NE30 4JU3
£479.9K12/200.33 mi8, Abbey Drive, North Shields, Tyne And Wear NE30 4JU3
£368K04/230.34 mi67, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£358.6K09/210.34 mi60, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£393.8K10/230.34 mi90, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£295K05/230.34 mi53, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£314K04/210.34 mi63, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£349K03/230.34 mi88, Seacrest Avenue, North Shields, Tyne And Wear NE30 3DN3
£355K01/210.36 mi216, The Broadway, North Shields, Tyne And Wear NE30 3DA3
£365K03/210.36 mi232, The Broadway, North Shields, Tyne And Wear NE30 3DA3
£735K05/230.36 mi61, Millview Drive, North Shields, Tyne And Wear NE30 2QD3
£275K09/210.38 mi20, Silloth Place, North Shields, Tyne And Wear NE30 3AA3
£270K03/210.38 mi15, Silloth Place, North Shields, Tyne And Wear NE30 3AA3
£279.9K03/210.38 mi26, Silloth Place, North Shields, Tyne And Wear NE30 3AA3
£435K04/210.39 mi10, Millfield Gardens, North Shields, Tyne And Wear NE30 2PX3
£395K07/230.39 mi11, Sandhurst Avenue, North Shields, Tyne And Wear NE30 3DW3

Local Rents

16 rents from £950/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40007/240.31 miMillview Drive, North Shields3
£1,30003/240.34 mi-3
£1,30003/240.34 mi-3
£1,40001/250.34 mi-3
£1,30005/240.35 miPercy Park, Tynemouth3
£95002/250.39 mi-3
£1,65003/250.45 mi-3
£1,20010/240.49 mi-3
£1,30005/240.51 miSeacombe Avenue, Cullercoats, North Shields3
£1,15005/240.51 miEdith Street, Tynemouth3
£1,35005/240.51 miQueensway, Tynemouth3
£1,50003/250.51 mi-3
£1,30006/240.52 mi-3
£1,30002/250.59 mi-3
£1,60007/240.62 miFront Street, Tynemouth3
£1,35005/240.62 miFalconer Court, Cullercoats3

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

1.32 miles away

Nearest school

0.40 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £250,000

March 27, 2025

Floor Plans

Description

  • Three Bedroom Family Home +
  • Just Off Seafront +
  • Good Size Lounge/Diner +
  • Well Fitted Kitchen +
  • Downstairs Cloakroom/WC +
  • Newly Installed Shower Room +
  • Gardens with Southerly Aspect +
  • Freehold +
  • Council Tax Band B +
  • EPC Rating TBC +

A rare opportunity to purchase a three bedroom family house situated in a cul-de-sac style position in this popular and highly sought after location, JUST OFF THE SEAFRONT. The property has been priced for some minor modernisation/refurbishment and would suit both young and old alike. The main features include a 19'10" lounge/diner with SOUTHERLY FACING ASPECT, a good sized, well fitted kitchen and useful downstairs cloakroom/WC. On the first floor there are three good sized bedrooms and a recently refurbished BRAND NEW SHOWER ROOM/WC. There is a small courtyard garden to front and enclosed town garden to rear with southerly facing aspect.
Providing superb value for money, exuding potential, an internal inspection is essential to fully appreciate the potential and superb value for money on offer.

Agent Details

Cooke & Co, Whitley Bay

0191 625 0863

Next Steps?

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

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