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Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 1
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 2
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 3
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 4
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 5
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 6
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 7
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 8
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 9
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 10
Imeary Street, South Shields, Tyne and Wear, NE33 4EG - Image 11

Imeary Street, South Shields, Tyne and Wear, NE33 4EG

North East

£70,000
Listed on 31/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1442 sqft

Description

This mixed-use property features a ground-floor commercial space that was previously utilized as a fast food outlet, paired with a self-contained two-bedroom flat above. Located prominently on Imeary Street in South Shields, the commercial unit is well-suited for either its previous use or alternative businesses, pending necessary approvals. The unit's layout includes a serving area, rear preparation room, and restroom, providing an advantageous foundation for prospective entrepreneurs. The upper flat is comprised of two spacious bedrooms, a sizeable living area, kitchen, and bath. While both units require significant modernisation and updating throughout, this condition presents a unique opportunity for buyers to tailor the spaces to their specific aesthetic preferences and practical needs. With thoughtful renovations, there's substantial potential to enhance property value. The current pricing reflects the property's need for refurbishment, making it an attractive proposition for investors and those looking at long-term projects in a developing location. There are no chains involved in the sale process, facilitating a smoother transaction for interested buyers.

Investment Analysis

(NE33 area)

Below Market Value

This property is priced -63.9% below area average per sq ft

-63.9%
Potential saving
This Property
£49/sq ft
Area Average
£135/sq ft
Avg Rent (weekly)
£154
Avg Yield
5.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£213,582
10% above area average per sq ft
Potential ROI
+42.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE33)

Area prices are falling by +4.2% over the last 12 months
3 year growth: 8.8%
5 year growth: 13.5%
Investment Disclaimer: Analysis based on NE33 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Imeary Street, South Shields, Tyne and Wear, NE33 4EG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE