Richmond Road, South Shields, NE34
MC

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 %
from 179,883.00 £
Est sale value
122,911.90 £
Decreased by 15.76 %
from 145,908.32 £
Average area rental value
831.00 £/mo
Decreased by 0.60 %
from 836.00 £/mo
Est letting value
792.98 £/mo
from 0.00 £/mo
Est rental Yield
9.15 %
Increased by 63.98 %
from 5.58 %
Crime Rate
14.00 %
Unchanged by 0.00 %
from 14.00 %

Agent Activity

  • McGowan Housing created the listing.

Nearby Schools

NameTypeOfstedDistance
All Saints CentreChildren's Centre0.17 KM
Stanhope Primary SchoolCommunity SchoolGood0.29 KM
Ashley Primary SchoolCommunity SchoolRequires improvement0.48 KM
Alternative Education Service - The Beacon CentrePupil Referral UnitRequires improvement0.48 KM
Ss Peter And Paul Catholic Primary School, South ShieldsAcademy Converter0.53 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Egerton Road £ 000.00 KM
Belle Vue Crescent £ 45,00000.00 KM
Coxfoot Close £ 000.00 KM
West Park Road £ 91,66700.00 KM
Johnson Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Sunderland7640SUN9.88 KM

Nearby Listings

AddressPriceTypeScoreDistance
Richmond Road, South Shields, NE34 £ 66,000BUY4 / 100.00 KM
Richmond Road, South Shields £ 82,000BUY6 / 100.02 KM
Richmond Road, South Shields, Tyne and Wear, NE34 0QQ £ 76,500BUY6 / 100.05 KM
Richmond Road, South Shields £ 75,000BUY6 / 100.08 KM
Richmond Road, South Shields, NE34 £ 89,950BUY6 / 100.10 KM

Nearby Properties

AddressPriceDistance
65 Richmond Road £ 67,0000.00 KM
104 Richmond Road £ 50,0000.00 KM
67 Richmond Road £ 90,9500.00 KM
114 Richmond Road £ 30,0000.00 KM
136 Richmond Road £ 48,0000.00 KM