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Guide Price
£75,000 Guide Price

21 Madras Street, South Shields, NE34 9AY

206286940

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4

days

7

hours

32

minutes

7

seconds

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4

days

7

hours

32

minutes

7

seconds

Type

Terraced House

Ownership

Freehold

Occupation

Vacant

Bedrooms

3

Council Tax

Band: A
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Attractive Residential

Details

Property Summary

    • Prime Property Auctions New Entry – Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!***£75,000 GUIDE PRICE***

    • Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property. 

    • The property could achieve £750 - £850 PCM  (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at ***£75,000 guide price.*** 

    • ***35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB previously sold for £110,000 ***

    • Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.

    Prime Property Auctions New Entry – Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!***£75,000 GUIDE PRICE***

    The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity.

    The Local sales evidence shows that once renovated,

    The property could achieve £750 - £850 PCM  (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at ***£75,000 guide price.*** 

     ***35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB previously sold for £110,000 ***

    Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.

    The properties council tax band is B.

    Property benefits from sought after location with massive development potential. It is sure to appeal to landlords looking for a  POTENTIALLY HIGH yielding investment. The seller will consider early offers.

    This property is offered at a fantastic price to ensure an Auction sale.

    The property comprises: 3 bedrooms,2 lounge rooms, kitchen, bathroom, and large back driveway.

    This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website. 

    The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

    Location.

    Nestled along the picturesque coastline of South Shields, NE34 9AY, this charming town offers a diverse array of amenities to delight visitors. From seaside cafes serving freshly caught fish to bustling markets brimming with local produce, there's something for every palate. Steeped in maritime history, South Shields boasts ancient Roman ruins and a rich heritage showcased in its museums and historic sites. Outdoor enthusiasts can explore the stunning coastline with its sandy beaches and scenic trails. Conveniently located near major motorways and public transport links, including the A19 and South Shields Metro station, this vibrant town provides easy access to nearby cities and attractions, making it the perfect starting point for coastal adventures.

Deposit & Fee Calculator

10%, minimum deposit £3,000

3% + VAT with a £4,000 minimum fee (inc VAT)

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Floorplans

Property Features

  • Prime Property Auctions New Entry – Fantastic 3 bedroom renovation opportunity. Huge potential rental income once renovated and let!***£75,000 GUIDE PRICE***
  • Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property.
  • The property could achieve £750 - £850 PCM (£9,000 - £10,200 P/ A) Which would provide a brilliant rental yield of 12% (once tenanted) if acquired at ***£75,000 guide price.***
  • ***35, Bainbridge Avenue, South Shields, Tyne And Wear NE34 9QT previously sold for £170,000, 41, Fox Avenue, South Shields, Tyne And Wear NE34 9RW previously sold for £105,000,73, Wenlock Road, South Shields, Tyne And Wear NE34 9BB previously sold for £110,000 ***
  • Sure to appeal to a Homeowner for a massive capital growth opportunity or an investor looking for a potentially huge rental income vehicle.

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