1-bedroom flat · NE33 4RA
To rentReduced £25 (−4.8%) on 2 SepListed 69 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern and well-presented one-bedroom ground-floor flat on Olive Street, South Shields. The property offers a spacious bedroom, contemporary fitted kitchen and access to a shared rear yard.
The accommodation is entirely on the ground floor with no entrance steps, making access easier for wheelchair users or people with limited mobility.
It has not, however, been specially adapted or certified as fully wheelchair accessible. Arranging your viewing: Select "Contact Agent" or "Request Details" and complete the enquiry form.
Once we receive your information, we will contact you about the next available viewing.
Property features: - One-bedroom ground-floor flat - Large, spacious bedroom - Recently refurbished - Modern fitted kitchen - Integrated oven and electric hob - Electric heating - Shared rear yard - Step-free entrance - Entirely arranged on the ground floor - Convenient South Shields location - Professionally managed by Rent North East The basics: Location: 2 Olive Street, South Shields, NE33 4RA Rent: £520 per calendar month Availability: Around 5 September 2026, subject to the current tenant leaving and the property being ready Contract: Periodic tenancy Furnishing: Unfurnished White goods: Not included Maximum occupancy: Two adults Council tax and utilities: Payable separately by the tenant Deposit: £600, equivalent to five weeks' rent What's inside this home: The flat has a private ground-floor entrance leading into modern, practical accommodation.
The main bedroom is particularly spacious, providing ample room for a bed, wardrobes and additional furniture.
The modern fitted kitchen includes an integrated oven and electric hob, with useful cupboard and worktop space. The property also benefits from a bathroom and access to a shared rear yard.
Accessibility: There are no entrance steps and the accommodation is entirely on the ground floor. This may make the property suitable for some wheelchair users or people with restricted mobility.
The flat has not been specially adapted for disabled occupation and does not necessarily include features such as grab rails, specialist handles or an adapted bathroom.
Applicants should satisfy themselves that it meets their individual requirements during the viewing. Affordability: Applicants will normally need a combined gross annual income of at least £15,600.
Costs and requirements: - The first rent payment must be paid before moving in. - A five-week deposit of £600 is required. - A suitable guarantor will be required.
- Full referencing, affordability, identity, credit and Right to Rent checks will be completed.
The guarantor must either: Own a property in the UK; or be a UK national in secure employment with a business that has traded for at least one year, earning at least 5.5 times the monthly rent.
Self- and directors of small companies cannot qualify as employed guarantors. Working guarantors will undergo enhanced checks, including credit checks.
Arranging your viewing: Please select "Contact Agent" and complete the enquiry form. We will contact suitable applicants with the next available viewing arrangements.
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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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 2, Olive Street, South Shields
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