3-bedroom flat · NE29 0JT
Listing removedListed 121 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** AVAILABLE IMMEDIATELY *** on an unfurnished basis is this three bedroom upper flat situated on the ever popular Silkeys Lane.
The property is ideally located within walking distance of North Shields Metro station, transport links to the Coast and City Centre and is a stones throw away from the A19.
The property briefly comprises of; entrance hallway, three bedrooms, lounge, kitchen and bathroom. The property also benefits from gas central heating and UPVC throughout.
Externally there is a shared rear yard and ample on-street parking. Early viewing is highly recommended to avoid disappointment. Entrance Porch - With stairs leading to the first floor.
Lounge - Bright and airy lounge with a feature fire surround, access door to the kitchen, a gas central heating radiator and a UPVC window overlooking the rear aspect.
Kitchen - Fitted with a range of modern wall and base units, integrated oven, hon and extractor fan, a UPVC window overlooking the rear aspect and access through the the rear stairwell and bathroom.
Bathroom - Modern bathroom fitted with a low level WC, wash hand basin and bath with shower over.
Rear Stairwell - With stairs and access door leading to the rear yard Main Bedroom - Spacious main bedroom with built in wardroobes and storage cupboards, a gas central heating radiator and UPVC window overlooking the front aspect.
Bedroom Two - Bedroom two with a gas central heating radiator and a UPVC window overlooking the front aspect.
Bedroom Three - Good sized third bedroom with a charming feature wall, a gas central heating radiator and a UPVC window overlooking the rear aspect.
External Areas - Shared rear yard and ample on-street parking
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.
Area
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FAQ
About Silkeys Lane, North Shields
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