2-bedroom flat · NE29 6NN
Listing removedListed 244 days
Opportunity summary
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About
TWO BEDROOM GROUND FLOOR FLAT SITUATED IN NORTH SHIELDS - OFFERED WITH NO UPPER CHAIN AND A BRAND NEW DAMP PROOFING COURSE Brannen & Partners welcome to the market this well proportioned two bedroom ground floor flat, conveniently located close to the town centre and a short walk to the Fish Quay.
Benefitting from good sized accommodation, double glazing and a shared rear yard.
Briefly comprising: Private entrance hallway connecting to all principal rooms of the home, whilst housing an integral under stair cupboard.
Positioned towards the rear of the property, the living room is amply sized and well lit by a tall picture window .
A door gives access to the kitchen, housing a variety of fitted wall and base units, as well as access to the rear yard.
From here, an inner lobby offers further storage and access to the bathroom, comprising a step in shower, hand basin and W.C.
Back to the initial entrance hallway, the two double bedrooms can be accessed, one of which is particularly generous in size and overlooks the front of the property.
Externally to the rear is a shared yard. North Shields is a popular residential area and has great road, rail links and bus routes to Newcastle City centre and surrounding towns.
North Shields has a good array of local amenities and shops, a pleasant walk will take you to the regenerated Fish Quay and a short drive to Tynemouth Village both offering a great selection of restaurants and cafes.
Entrance Hallway - 1.04 x 3.73 (3'4" x 12'2") - Living Room - 3.67 x 4.25 (12'0" x 13'11") - Kitchen - 2.03 x 3.67 (6'7" x 12'0") - Bedroom One - 3.93 x 4.09 (12'10" x 13'5") - Bedroom Two - 2.29 x 3.32 (7'6" x 10'10") - Rear Lobby - 0.88 x 0.90 (2'10" x 2'11") - Bathroom - 1.51 x 2.23 (4'11" x 7'3") - Rear Yard - Tenure - Leasehold - Share of Freehold - 986 years remaining
Value & comps
No previous sales on record.
Returns
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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 Laet Street, North Shields
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