3-bedroom house · NE34 8UF
For saleReduced £5k (−2.8%) on 24 JulListed 181 days
Opportunity summary
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About
Located on the popular Holder House Estate, this three-bedroom property offers well-proportioned accommodation with a number of recent improvements, including new windows installed within the last two years, a new boiler fitted approximately one year ago, and new flooring throughout.
The ground floor comprises an entrance porch leading into a spacious open-plan lounge and dining area.
The lounge features a bay window, feature fireplace with gas fire, and stairs rising to the first floor, while the dining area provides access to a useful under-stairs storage cupboard, the kitchen, and double-glazed French doors opening onto the rear garden.
The kitchen requires updating and offers wood-effect wall and base units, plumbing for a washing machine, space for freestanding appliances, and a glazed door to the rear garden.
To the first floor, there are three bedrooms comprising two doubles and a single, all finished with neutral décor and new carpet flooring, along with a family bathroom fitted with a three-piece suite.
Externally, the property benefits from gardens to both front and rear. The rear garden includes raised bedding areas, a block-paved footpath, and gated access.
There are also foundations already in place with planning permission granted for a garage, offering potential for future development.
Porch Accessed via a uPVC entrance door, the porch features neutral décor and wood-effect laminate flooring. A glazed internal door leads through to the lounge.
Lounge A spacious open-plan lounge flowing into the dining room, featuring neutral décor and brand-new carpet flooring.
A large bay window provides an abundance of natural light, while a sandstone fireplace with marble hearth and gas fire creates an attractive focal point.
Additional features include a radiator and stairs rising to the first floor.
Dining Room Open plan from the lounge, the dining area continues the neutral décor and benefits from the same brand-new carpet flooring.
Offering ample space for a family dining table, it provides an ideal setting for both everyday meals and entertaining.
The room also features a useful under-stairs storage cupboard, access to the kitchen, and double-glazed French doors leading out to the rear garden.
Kitchen The kitchen does require updating but currently comprises wood-effect wall and base units with neutral décor. A new grey vinyl flooring will be fitted.
The space offers plumbing for a washing machine, as well as provision for an electric cooker and a fridge/freezer. A glazed uPVC door provides access to the rear garden.
First Floor Landing Finished with neutral décor and brand-new carpet flooring, providing access to three bedrooms and the bathroom.
Bedroom A front-aspect double bedroom featuring neutral décor and brand-new carpet flooring. The room benefits from a built-in storage cupboard, UPVC window, and radiator.
Bedroom A rear-aspect double bedroom featuring neutral décor and brand-new carpet flooring. The room benefits from a UPVC window and radiator.
Bedroom A front-aspect single bedroom featuring neutral décor and brand-new carpet flooring. The room benefits from a built-in storage cupboard, UPVC window, and radiator.
Bathroom Partially tiled walls with wood-effect vinyl flooring. The three-piece suite comprises a WC, pedestal wash hand basin, and a panelled bath with mixer tap and electric shower over.
The room also benefits from a UPVC window and radiator. External To the rear, the garden features a raised bedding area, block-paved footpath, and gated access.
There are also foundations in place for a garage, along with a shed providing additional storage. To the front, the property benefits from a lawned garden with a footpath leading to the entrance.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 112, Basil Way, South Shields
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