Richmond Road, South Shields, NE34
By McGowan Housing
£ 66,000
Reviews
2 out of 5 stars
McGowan Housing says ..
Buy-to-Let Opportunity | Long Term Tenant Currently Situated | 2 Bedroom Flat | Large Kitchen | Spacious Rooms | Prime Rental Location Within South Shields
Property Oracle says ..
This 2-bedroom property in South Shields offers a potential investment opportunity, but requires substantial work. The location benefits from relatively close proximity to schools and transport links to Sunderland, though the immediate neighborhood requires further assessment. The property’s condition is a significant factor affecting its value; the interior is dated, requiring modernisation of the kitchen, bathroom and decoration throughout. The small, cluttered rear yard is of limited utility. While the list price is not outrageous in relation to local prices, the need for extensive renovation must be factored into any purchase decision. A thorough survey is crucial before committing to a purchase to gauge the true extent of the necessary repairs and their cost.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 792.98
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 108,927.00 £Decreased by 39.45 %
- Est sale value
- 122,911.90 £Decreased by 15.76 %
- Average area rental value
- 831.00 £/moDecreased by 0.60 %
- Est letting value
- 792.98 £/mo
- Est rental Yield
- 9.15 %Increased by 63.98 %
- Crime Rate
- 14.00 %Unchanged by 0.00 %
Agent Activity
McGowan Housing created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| All Saints Centre | Children's Centre | 0.17 KM | |
| Stanhope Primary School | Community School | Good | 0.29 KM |
| Ashley Primary School | Community School | Requires improvement | 0.48 KM |
| Alternative Education Service - The Beacon Centre | Pupil Referral Unit | Requires improvement | 0.48 KM |
| Ss Peter And Paul Catholic Primary School, South Shields | Academy Converter | 0.53 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Egerton Road | £ 0 | 0 | 0.00 KM |
| Belle Vue Crescent | £ 45,000 | 0 | 0.00 KM |
| Coxfoot Close | £ 0 | 0 | 0.00 KM |
| West Park Road | £ 91,667 | 0 | 0.00 KM |
| Johnson Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Sunderland | 7640 | SUN | 9.88 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Richmond Road, South Shields, NE34 | £ 66,000 | BUY | 4 / 10 | 0.00 KM |
| Richmond Road, South Shields | £ 82,000 | BUY | 6 / 10 | 0.02 KM |
| Richmond Road, South Shields, Tyne and Wear, NE34 0QQ | £ 76,500 | BUY | 6 / 10 | 0.05 KM |
| Richmond Road, South Shields | £ 75,000 | BUY | 6 / 10 | 0.08 KM |
| Richmond Road, South Shields, NE34 | £ 89,950 | BUY | 6 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 65 Richmond Road | £ 67,000 | 0.00 KM |
| 104 Richmond Road | £ 50,000 | 0.00 KM |
| 67 Richmond Road | £ 90,950 | 0.00 KM |
| 114 Richmond Road | £ 30,000 | 0.00 KM |
| 136 Richmond Road | £ 48,000 | 0.00 KM |