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Gerald Street, South Shields, Tyne And Wear NE34

North East

£119,995
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
485 sqft

Description

This three-bedroom terraced home in the sought-after Whiteleas area of South Shields presents an excellent opportunity for families or investors looking to add value through renovations. The property features a spacious layout that is perfect for modern living, but it currently requires updating to unlock its full potential. The living room, which boasts neutral decor and carpeting, serves as a roomy family space, while convenient storage and access to the bathroom enhance practicality. The kitchen includes white fitted units with adequate space for appliances and a dining table, offering functionality and the potential for a refresh. An extension at the rear adds further utility space, ideal for laundry appliances or additional storage. Upstairs hosts three well-proportioned bedrooms; two are currently configured with single beds, while the main bedroom comfortably accommodates a king-size bed along with fitted wardrobes. Access to a loft area from this bedroom offers possibilities for further development as a hobby room or children's play area with some renovation work. Outside, the small rear yard provides basic amenities with room for bins and storage, alongside a front garden that leads to off-street parking for one vehicle. With local shops, schools, and bus routes nearby, plus easy access to major roadways like the A19 and proximity to South Shields' coastline, this property stands as a canvas ready for personalization and modernization.

Investment Analysis

(NE34 area)

Above Market Value

This property is priced +23.2% above area average per sq ft

+23.2%
This Property
£247/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£171
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£107,127
10% above area average per sq ft
Potential ROI
-30.9%
After renovation
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

Gerald Street, South Shields, Tyne And Wear NE34
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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
£425
Based on a loan of £89,996 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.

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