Madras Street, South Shields NE34 3 bed terraced house for sale

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Madras Street, South Shields NE34 3 bed terraced house for sale

Madras Street, South Shields NE34
£70,000

Price History

Initial price £79,000
09/08/24 £100,000
25/09/24 £75,000
22/10/24 £85,000
01/04/25 £70,000
Price Change -11.39%

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.