2-bedroom flat · NE29 6HS
Sold STCListed 126 days
Opportunity summary
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About
WELL PROPORTIONED AND PRESENTED TWO BEDROOM FIRST FLOOR FLAT, IDEALLY SITUATED WITHIN THE AREA OF PERCY MAIN, NORTH SHIELDS - AVAILABLE WITH NO UPPER CHAIN Brannen and Partners welcome to the market this well proportioned two bedroom first floor flat, ideally positioned within the area of Percy Main, North Shields.
Presenting modern interiors throughout, the property boasts two good sized bedrooms, ample living space, well equipped kitchen and contemporary bathroom, complete with a private rear yard and detached garage.
Briefly comprising: Practical entry leads directly to the first floor landing, providing access to the principal rooms of the home.
Positioned towards the rear of the property, the ample living space benefits from neutral decor and an integral storage cupboard, with access to the kitchen from here.
Offering a modern monochrome design, the well equipped kitchen benefits from white high gloss cabinetry framed with granite effect worktops.
Integral appliances include hob, oven and extractor, with additional designated space for further appliances, plus access to the staircase leading to the rear yard.
Returning to the landing, both bedrooms are situated to the front of the property. The principal bedroom is particularly generous in size and benefits from a large bay window.
Whilst the second bedroom is still well sized, currently utilised as a home office.
Finalising the home, the recently refurbished bathroom is contemporary in design, furnished with a bath with rainfall shower overhead, WC, heated towel rail and vanity wash basin with bowl style sink and storage beneath.
The space also benefits from an integral airing cupboard.
Externally to the rear, there is a private south facing yard equipped with an external storage cupboard and access to the detached garage, offering further storage space or the opportunity for off street parking.
North Shields offers a wide range of amenities, it is close to major road links providing ease of access to other local towns, the coast and Newcastle City Centre as well as good bus links.
North Shields Fish Quay has an extensive range of cafés and restaurants. Tynemouth Village also offers an elite range of cafes and restaurants as well as the award winning Long Sands Beach.
Entry - Landing - 1.40 x 2.23 (4'7" x 7'3") - Living Room - 3.17 x 4.61 (10'4" x 15'1") - Kitchen - 2.08 x 3.28 (6'9" x 10'9") - Bedroom One - 3.58 x 5.33 (11'8" x 17'5") - Bedroom Two - 2.43 x 3.25 (7'11" x 10'7") - Bathroom - 2.37 x 3.50 (7'9" x 11'5") - Garage - 3.07 x 3.93 (10'0" x 12'10") - Private Rear Yard - Tenure - Leasehold - Share of Freehold - 979 years remaining
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About St. Johns Terrace, North Shields
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