Dean Road, South Shields

A buy to let residential property refurbishment undertaken by Clarice Carr & Company.

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Dean Road, South Shields

This property benefited from generous proportions and high ceilings, but it has been neglected by the previous owner and required some TLC (and a lot of hard work) to bring it up to standard for residential lettings. It's a great location, close to the Metro and road links into South Shields. It rented out within 9 days.

Improvement Works

  • New kitchen

  • Reconfigured bathroom

  • Decorated throughout

  • New carpets and flooring

  • New boiler 

  • New back door and some windows 

  • New back gates to yard

  • Partial rewire

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Investment Analysis

  • Purchase Price: £39,000

  • Costs (inc Stamp Duty): £565

  • Refurb costs: £12,500

  • Our fees: £1,500

  • Total Spend: £53,565

  • Current Valuation: £70,000

  • Equity Created: £16,435

  • Monthly Rental: £450

  • Annual Return: 10.08%