3-bedroom flat · NE29 7DQ
Listing removedListed 122 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East is pleased to welcome to the market this three-bedroom first-floor flat situated on Verne Road, North Shields.
Upon entering the property, stairs lead to the first-floor landing, providing access to all accommodation.
The living room offers space for a range of furnishings and leads through to the kitchen, which features a range of wall and base units with worktop space.
The kitchen provides access to the bathroom, comprising a bath with overhead shower, wash hand basin and WC. Completing the accommodation are three bedrooms.
The principal bedroom can accommodate a double bed alongside additional furnishings, while the remaining two bedrooms offer space for single beds and additional furnishings.
Externally, the property benefits from a rear garden, while on-street parking is available.
Ideally positioned for those seeking coastal living, the property enjoys easy access to the coastline, Royal Quays Outlet and a range of local amenities.
Transport links provide access along the coast and into Newcastle City Centre.
Available September 2026 Tenancy Term: 12 Months Council Tax Band: A £775.00 pcm tenancy application fees: To reserve this property, a refundable holding deposit of one week's rent is required, on move in, this will be deducted from your first months rent.
A damage deposit for the property is compulsory and is equivalent to 5 week's rent.
Notice regarding free standing gas & electric appliances: Any free standing appliances shown on photographs or present on viewings may not be included in the tenancy.
Please obtain confirmation in writing from our office as to the inclusion of any appliances which you require included within the tenancy, before you proceed with an application for any property.
Living Room (3.81 x 3.70 (12'5" x 12'1")) Kitchen (3.31 x 2.14 (10'10" x 7'0")) Bedroom One (3.73 x 3.68 (12'2" x 12'0")) Bedroom Two (2.67 x 2.54 (8'9" x 8'3")) Bedroom Three (2.81 x 2.53 (9'2" x 8'3")) Bathroom (2.80 x 1.18 (9'2" x 3'10"))
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 172, Verne Road, Tyne and Wear
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