264 Dean Road, South Shields

Description

A two bedroom end of terrace house. Externally the property benefits from a yard. In need of modernisation. Vacant.

Accommodation

Ground Floor - Reception Room, Kitchen. First Floor - Two Bedrooms, Bathroom/WC.

Location

Located on Dean Road, close to the turning for West Park Road. Local amenities are available nearby on Dean Road with South Shields town centre approximately 1.1 miles. Recreational amenities of West Park, Readhead Park and Mowbray Park are all easily accessible. Transport: Chichester - Yellow Metro Line. South Shields is a town in Tyne & Wear.

Tenure / Property Information

Investment Analysis

The evidence includes two nearby sold comparables on Dean Road: £105,000 for 250 Dean Road in August 2017 and £96,000 for 262 Dean Road in October 2006. These are historic transactions and do not establish a current 2026 market value, particularly for a vacant property requiring modernisation. The £45,000 guide is materially below the historic evidence, but current GDV, refurbishment scope and buyer costs cannot be reliably quantified from the supplied data.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full survey, detailed refurbishment quotations, current sold evidence and confirmed auction charges. Do not rely on the historic comparables alone when setting a bid.

Works Required

Modernisation is required, but the supplied evidence does not identify specific defects or provide a sufficiently detailed schedule. A survey and contractor quotations are required before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because current GDV, refurbishment cost, rent and buyer charges are unsupported. The historic Dean Road sales provide context only and should not be treated as current refinance evidence.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The property is vacant, and its EPC is E. BTL viability requires current local rental evidence, a refurbishment budget and confirmation of all acquisition costs.

Flip Analysis

A flip may have potential based on the £45,000 guide compared with historic Dean Road sales of £96,000 and £105,000, but those sales are dated and no supported refurbishment or resale costs are available. No reliable surplus or maximum bid can therefore be calculated.

Investor Risks & Due Diligence

• Current GDV is not established by the historic 2006 and 2017 comparables.

• The extent and cost of modernisation are unspecified.

• No sufficiently specific rental evidence is available.

• The buyer fee, VAT position and possible seller charges are not quantified.

• The property is vacant and has an EPC rating of E.

Recommendation

Proceed only after obtaining a full survey, detailed refurbishment quotations, current sold evidence and confirmed auction charges. Do not rely on the historic comparables alone when setting a bid.

Strategy Rating

Analysis Confidence

The property description, guide, tenure and occupancy are clear, but current valuation evidence, refurbishment scope, rent, buyer fees and seller charges are missing. The available sold comparables are historic.