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%


Clarice Carr & Company

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©2019 Clarice Carr & Company Limited, Newcastle upon Tyne

Clarice Carr & Company offers a property consultancy and management service. Whilst we may find and/or manage a property on your behalf, and may charge a fee for this service, we neither offer nor recommend investments, mortgage products, insurances or any other regulated products. If you have any doubt about the suitability of the investment, or you require financial advice, you should seek a personal recommendation from an appropriately qualified financial advisor who does give advice.

Clarice Carr & Company Limited, (Company number 11158570), is registered at 424 Old Durham Road, Gateshead, NE9 5DQ. This website may contain illustrations of potential financial returns on a property. These are provided for guidance only and are neither guaranteed or warranted. The information on this website is governed by our terms and conditions of use. Before you make any investment promoted via this website, you must make sure that you fully understand that no guarantees are made and the value of a property can go up, as well as down. In the event that the property falls in value, you may lose some or all of your capital. Or, if rent is not received, for any reason (ie. void periods/non-payment), your returns may be lower than estimated.