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See how verdicts work2-bedroom flat · NE29 7BX
For saleReduced £10k (−11.8%) on 9 OctListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* investment opportunity* tenanted at £595PCM * north shields NE29 * second floor flat * two bedroom * two bathrooms * purpose built apartment * allocated parking * EPC rating C * council tax band A * Currently, tenanted, generating a steady income of £595 per calendar month, making it an attractive option for investors looking to expand their portfolio.
The existing tenant adds immediate value, allowing for a seamless transition for any prospective buyer.
Welcome to this charming two-bedroom purpose-built flat located on Mindrum Terrace in the vibrant area of North Shields.
This delightful apartment offers a perfect blend of comfort and convenience, making it an ideal choice for first-time buyers, small families, or investors looking to expand their portfolio.
Upon entering the flat, you will find a spacious reception room that provides a warm and inviting atmosphere, perfect for relaxing or entertaining guests.
The well-designed layout ensures that the living space is both functional and appealing.
The two bedrooms are generously sized, offering ample space for rest and relaxation, while the bathroom is conveniently located to serve both bedrooms.
The flat is situated in a well-maintained building, costing £1300 per annum service charge, including buildings insurance.
The nearby coastline offers beautiful views and opportunities for leisurely walks, while excellent transport links make commuting to nearby cities a breeze.
This property presents a fantastic opportunity for those seeking a modern and comfortable living space in a desirable location.
Whether you are looking to make it your home or add to your investment portfolio, this flat on Mindrum Terrace is not to be missed. We invite you to arrange a viewing.
Bedroom (6.52 x 2.80 m) This first bedroom is a spacious and bright room featuring a large window that fills the space with natural light.
The room offers ample space for a bed and additional furniture, with a neutral carpeted floor that adds warmth to the room.
Bedroom 2 (4.19 x 1.98 m) The second bedroom is narrower but practical, featuring a window at the far end providing natural light.
It is carpeted in grey and offers a simple, functional space suitable for a single bed or a study area.
Kitchen / Living Area (7.17 x 2.77 m) The kitchen and living area form a combined, open-plan space that stretches the length of the property.
The kitchen is fitted with wooden cabinets and a black countertop, equipped with essential appliances including an oven and washing machine.
This space flows naturally into the living area which is carpeted and features a large window, creating a bright and inviting room that is perfect for both cooking and relaxing.
Bathroom (1.98 x 1.78 m) This bathroom is neatly tiled with a white and black border design, featuring a traditional bathtub with an overhead shower, a toilet, and a sink.
The neutral décor and practical fittings make this a functional room.
Ensuite (1.98 x 2.66 m) The second bathroom offers a compact but efficient space, with a corner shower enclosure, a toilet, and a pedestal sink. It is tiled similarly to the other bathroom.
Entry (1.33 x 1.75 m) The entryway is a small, practical space with a simple coat rack and a carpeted floor. It offers sufficient room for shoes and outerwear storage.
Hallway (3.26 x 1.20 m) The hallways connecting the main rooms are carpeted with simple white walls and doors leading to the bedrooms, bathrooms, and kitchen/living area.
These spaces provide smooth access throughout the home.
Hallway 2 (2.17 x 1.06 m) A smaller hallway leads to the bedrooms and bathrooms, maintaining the same carpeted flooring and white walls as the rest of the home, creating a consistent and practical layout.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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 17 Alnwick House, Mindrum Terrace, North Shields
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