2-bedroom flat · NE30 1AU
Let agreedListed 31 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
BEAUTIFULLY PRESENTED TWO BEDROOM WATER FRONT APPARTMENT WITH BALCONY, RIVER VIEWS AND PRIVATE PARKING LOCATED ON WATER FRONT APATMENTS, NORTH SHIELDS. RIGHT IN THE HEART OF THE FISH QUAY.
Briefly comprising: Upon entering the apartment, an entrance hallway with a useful storage cupboard provides access to all principal rooms.
The bright and spacious living area is positioned at the front of the property, where a large window and double patio doors flood the room with natural light while framing stunning river views.
The patio doors open onto a private balcony providing a picturesque riverside setting.
Generously proportioned, the living room offers ample space for both a comfortable seating area and a dedicated home office or dining area, making it ideal for modern living.
The sofa comes with the property.
The stylish kitchen is usefully appointed with a comprehensive range of fitted wall and base units providing ample storage, complemented by integrated appliances including an AEG oven, electric hob with extractor hood over, fridge/freezer and dishwasher.
A window to the rear elevation provides natural light, creating a bright and practical space.
The principal bedroom enjoys the same delightful river outlook as the living space and benefits from built in wardrobes, providing excellent storage.
The bed in the master bedroom comes with the property. The second bedroom is another well proportioned double, ideal for guests, family or flexible working.
The modern bathroom is fitted with a white suite comprising a bath with overhead shower, WC and wash hand basin with vanity storage beneath.
Further benefits include lift and stair access to the apartment, a useful hallway storage cupboard, a secure entry phone system and an allocated parking space.
This property is AVAILABLE NOW and on a PART-FURNISHED basis.
Hallway - 5.12 x 1.02 (16'9" x 3'4") - Kitchen - 2.83 x 2.64 (9'3" x 8'7") - Living Room - 4.62 x 3.32 (15'1" x 10'10" ) - Office Space - 2.67 x 3.24 (8'9" x 10'7") - Bedroom - 3.35 x 3.15 (10'11" x 10'4") - Bedroom - 3.62 x 2.25 (11'10" x 7'4") - Bathroom - 2.53 x 1.59 (8'3" x 5'2") - Balcony - Tenant Information - Before your application can be considered, you will need to pay to us a holding deposit equivalent to one weeks' rent for the property you are interested in.
Once we have your holding deposit, current legislation stipulates that the necessary paperwork should be completed within 15 days or such longer period as previously agreed.
The holding deposit is the equivalent of one weeks rent. This is calculated by one months rent x 12 divided by 52.
For example a property with a monthly rent of £500 - £500 x 12 divided by 52 = holding deposit of £115.38. On the day of move in the first months rent and security deposit are payable.
The security deposit covers damages or defaults on the part of the tenant during the tenancy.
The security tenancy deposit will be the equivalent of five weeks rent: calculated by one months rent x 12 divided by 52 x 5.
For example a monthly rent of £500 x 12 = 6000 divided by 52 = 115.38 x 5 = security deposit £576.92. The first month's rent, and the tenancy bond as stated above is to be paid at the sign up stage.
All negotiations and payments are subject to contract. Company Lets - Reservation/Administration Fees are 60% of one months rent including VAT (minimum £250 inc VAT).
This fee covers costs for reserving the property, reference/credit checks, producing the relevant tenancy agreement and conducting Right to Rent checks.
These fees are NON REFUNDABLE and on a first come, first served basis. Please note that on extension to tenancy a renewal fee of £76.00 including VAT will be due.
The tenancy deposit/bond can be calculated as the monthly rent plus £50 (EG £450 monthly rent + £50 = £500 deposit). An additional tenancy deposit/bond may be requested for tenants with pets.
Identification - On submission of the application, two forms of identification will be required. One form of photographic identification (passport or driving license).
If you are a foreign national, we require proof of residency, e.g. Residence Permit or Visa.
As well as photographic identification, we require a proof of address (utility bill/council tax bill in your name at the given address).
From Companies, we require a proof of identity of the Director or Authorized Signatory, as well as proof of Directorship or proof of authority to sign.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
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FAQ
About Water Front Apartments, Bell Street
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