No 43 Readhead Avenue, South Shields, Tyne And Wear, NE33 3AP

Description

A well-presented two-bedroom ground floor flat with private rear yard, ideally positioned opposite Mowbray Park and within walking distance of South Shields town centre and the stunning coastline. The property offers spacious and well-maintained accommodation throughout, making it an attractive proposition for first-time buyers, downsizers and buy-to-let investors alike. Internally, the accommodation comprises an entrance area leading into a generous living room, finished in neutral décor with wood-effect flooring and useful built-in storage. From here there is access to a well-appointed kitchen fitted with a range of wall and base units, wooden work surfaces, gas hob, oven and extractor, together with plumbing for a washing machine. There are two well-proportioned bedrooms, including an impressive main bedroom with a bay window providing plenty of natural light and ample space for wardrobes and additional furniture. The second bedroom offers flexible accommodation and would equally suit use as a guest room or home office. The spacious bathroom is fitted with a bath and overhead shower, WC and wash basin. Externally, the property benefits from its own private enclosed rear yard, currently finished with artificial lawn to provide an attractive and low-maintenance outdoor seating area. The location is a particular highlight, with Mowbray Park immediately opposite, while South Shields town centre, local shops, amenities, transport links and the seafront are all readily accessible. A superbly located and well-presented property offering excellent potential for both owner-occupiers and investors, and one that is expected to generate strong interest at auction.

Accommodation

Entrance area, generous living room with wood-effect flooring and built-in storage, kitchen with wall and base units, wooden work surfaces, gas hob, oven, extractor and plumbing for a washing machine, two bedrooms, and bathroom with bath, overhead shower, WC and wash basin. Private enclosed rear yard with artificial lawn.

Location

Directly opposite Mowbray Park, within easy reach of South Shields town centre, local shops, amenities, transport links, the seafront and the award-winning coastline.

Tenure / Property Information

Investment Analysis

The only completed sale supplied is for the same property at £29,950 on 8 December 2000. This is too historic to support a current market value or GDV. The £25,000–£50,000 guide range is auction guidance rather than valuation evidence. No sufficiently specific rental comparable or auctioneer rent estimate is provided, and lease details, service-charge information and other property costs are absent. A current GDV, rent and investment return therefore cannot be reliably established.

Investment Snapshot

Strategy Recommendation

Do not set a bid or investment strategy from the supplied evidence alone. Obtain the legal pack, confirm lease and ongoing charges, inspect the property, and source current local sale and rental evidence before bidding.

Works Required

The property is described as well presented and well maintained, with fitted kitchen and bathroom finishes and an enclosed rear yard. No specific defects or refurbishment requirements are evidenced, so no works allowance is assumed. Physical inspection and review of the legal pack remain necessary.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, achievable rent, lease information, refurbishment budget and full acquisition-cost data. The property is described as well presented, but refinance proceeds cannot be estimated from the supplied evidence.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The known £3,600 inc VAT administration charge would also need to be included alongside the purchase price, any works and other possible auction costs, but the guide range itself is too wide to support a single yield calculation.

Flip Analysis

A flip surplus cannot be calculated. The same-property sale from 2000 is not a reliable current resale benchmark, no current comparables or supported GDV are provided, and additional selling, acquisition and auction-related costs are not quantified.

Investor Risks & Due Diligence

• The only supplied comparable is a 2000 sale and does not establish current value.

• No sufficiently specific rental comparable or auctioneer rent estimate is available, so rental yield cannot be assessed.

• Lease details and ongoing lease-related costs are not supplied.

• Additional buyer, seller-cost reimbursement, legal, transfer, search or other auction fees may apply but are unquantified.

• The description states the property is well presented, but condition has not been independently verified.

• EPC rating is D.

Recommendation

Do not set a bid or investment strategy from the supplied evidence alone. Obtain the legal pack, confirm lease and ongoing charges, inspect the property, and source current local sale and rental evidence before bidding.

Strategy Rating

Analysis Confidence

Evidence is limited to an auction description, guide range, one historic 2000 sale of the same flat, a known administration charge and no usable rental evidence. Current valuation, rent, lease terms, costs and works budget are not supported.