Gloucester Place, South Shields

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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