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Gloucester Place, South Shields

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

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Gloucester Place, South Shields

This property is located in a popular area of South Shields, Tyne & Wear, close to good schools and other amenities. It was purchased by a client as a buy to let property. They commissioned Clarice Carr & Company to undertake a full refurbishment of the property and gardens.

Improvement Works

  • New kitchen

  • Refurbished bathroom

  • Decorated throughout

  • New carpets a flooring

  • Front driveway

  • New windows to rear

  • Rear garden landscaped


Investment Analysis

  • Purchase Price: £63,250

  • Costs (inc Stamp Duty): £1,750

  • Refurb costs: £11,700

  • Miscellaneous costs: £560

  • Our fees: £1,404

  • Total Spend: £78,664

  • Current Valuation: £100,000

  • Equity Created: £21,336

  • Monthly Rental: £550

  • Annual Return: 8.39%

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