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Basil Way, South Shields

North East

£180,000
Listed on 26/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom residence, situated within the well-regarded Holder House Estate, presents an excellent opportunity for both living and investment. The property has seen recent enhancements, such as new windows installed within the last two years and a modern boiler fitted about a year ago. Notably, new flooring throughout adds to its appeal. The ground floor layout includes a welcoming entrance porch that leads into a generous open-plan lounge and dining area. The lounge is brightened by a large bay window and features a charming fireplace with a gas fire, complemented by a staircase leading to the upper level. The dining area offers convenient access to under-stairs storage, the kitchen, and double-glazed French doors that open onto a rear garden. While the kitchen is functional, it requires updating; currently featuring wood-effect cabinetry and space for essential appliances. On the first floor, the property accommodates three bedrooms—two spacious doubles and a single—all adorned with neutral tones and fresh carpet flooring. A family bathroom equipped with a standard three-piece suite completes this level. Outside, the front and rear gardens provide additional outdoor space, with the rear garden already having raised bedding areas and block-paved pathways. Importantly, foundations for a garage are in place with granted planning permission, setting the stage for potential future development or expansion. This property not only offers comfortable living spaces but also represents a canvas for further enhancement according to personal tastes or an investor's vision.

Investment Analysis

(NE34 area)
Area Average
£201/sq ft
Avg Rent (weekly)
£171
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NE34)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +9.1%
5 year growth: +15.0%
Investment Disclaimer: Analysis based on NE34 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

Basil Way, South Shields
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£638
Based on a loan of £135,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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