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See how verdicts work2-bedroom flat · NE29 9JU
Sold STCListed 265 days
Opportunity summary
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About
SPACIOUS TWO BEDROOM FIRST FLOOR APARTMENT WITH GARAGE SITUATED WITHIN THIS QUIET SOUGHT AFTER DEVELOPMENT IN PRESTON TOWERS, NORTH SHIELDS - OFFERED WITH NO UPPER CHAIN Brannen & Partners are delighted to welcome to the market this well proportioned two bedroom first floor apartment situated within this well maintained development in North Shields.
Benefitting from two double bedrooms, spacious lounge/diner overlooking the communal gardens and a garage with off street parking.
Briefly comprising: Secure communal entrance with an entry intercom system.
Stairs lead to the first floor with a private entrance hallway giving access to all rooms and housing a built in storage cupboard.
The living room is generous in size, easily allowing space for a dining table and chairs.
This room features two large windows offering open views over the landscaped gardens and a fireplace with a gas fire.
The well equipped kitchen has fitted wall and base units, integrated appliances include a gas hob, electric oven, dishwasher, washing machine and a fridge.
Both bedrooms are doubles in size, one overlooks the attractive gardens and the other benefits from fitted sliding wardrobes providing additional storage.
The shower room comprises a walk in shower, hand basin and W.C. Externally there are beautifully maintained gardens laid mainly to lawn as well as a garage and 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.
The property is a stone's throw from Preston Village and within walking distance to Tynemouth Village which offers a good range of shops, cafés and restaurants as well as the award winning Long Sands Beach.
Secure Communal Entrance - Private Entrance Hallway - Lounge/Diner - 5.12m x 4.38m (16'9" x 14'4") - Kitchen - 2.68m x 2.41m (8'9" x 7'10") - Bedroom One - 3.69m x 3.66m (12'1" x 12'0") - Bedroom Two - 3.92m x 2.67m (12'10" x 8'9") - Shower Room - 2.80m x 1.69m (9'2" x 5'6") - Externally - There are beautifully maintained communal gardens, off street parking and a garage.
Tenure - Leasehold
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About Preston Road, North Shields
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