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Madras Street, South Shields NE34 3 bed terraced house for sale
Madras Street, South Shields NE34
£70,000
Madras Street, South Shields NE34
£70,000
Our Summary
- Prime Property Auctions New Entry - Fantastic 3 bedroom renovation opportunity
- Huge potential rental income once renovated and let
- *£85,000 GUIDE PRICE* Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property
- Property benefits from sought after location with massive development potential
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- Property has had part refurbishment and would benefit from a renovation to unlock the full potential of the property
Description
This property is a 3-bedroom renovation opportunity in South Shields, Tyne and Wear, with a guide price of £85,000. The property has had some refurbishment, but still requires renovation to unlock its full potential. With its sought-after location and potential for massive development, it's expected to achieve a rental income of £750-£850 PCM (£9,000-£10,200 P/A), providing a rental yield of 10-12% if acquired at the guide price. The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity or a homeowner seeking a massive capital growth opportunity. With its proximity to the coast, amenities, and public transport links, it's an attractive investment opportunity for landlords and homeowners alike.