2-bedroom flat · NE34 0QQ
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Unfurnished Spacious Two-Bedroom First Floor Flat with a practical loft area.
Located on Richmond Road, it offers convenience with its proximity to South Tyneside Hospital and a range of shops on Stanhope Road and Boldon Lane.
The property boasts excellent transport links, including the main bus route and Tyne Dock Metro, ensuring easy access to surrounding areas.
The floor plan features an entrance hall, stairs to the first floor landing, two bedrooms at the front, and a light-filled open lounge/diner at the rear.
The lounge has stairs leading to a boarded loft providing versatile space. A modern fitted kitchen and bathroom suite complete the accommodation. Externally there is a town garden to the rear.
ENTRANCE Composite door into hallway which has stairs to the first floor landing.
OPEN PLAN LOUNGE / DINER 5.82m (19'1) x 4.27m (14') Situated to the rear of the property, two double glazed windows, two radiators, gas fire with surround and fireplace, stairs up to: LOFT ROOM 5.82m (19'1) x 5.61m (18'5) Two skylight windows.
KITCHEN 2.64m (8'8) x 3.2m (10'6) Modern fitted kitchen with a range of wall and base units with contrasting work tops, integrated oven and hob, plumbing for washer, space for fridge / freezer, sink unit with mixer tap, laminate flooring, double glazed window, door to: REAR LANDING Door to bathroom and stairs down to door to the rear yard.
BATHROOM Panelled bath with shower over, pedestal hand wash basin, low flush toilet, double glazed window, radiator, tiling to floor and walls.
BEDROOM ONE 5.21m (17'1) x 3.71m (12'2) Double glazed bay window and radiator. BEDROOM TWO 2.54m (8'4) x 2.24m (7'4) Double glazed window, radiator. EXTERNALLY Town garden to the rear.
The Agent Of The North Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs.
Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations.
Call now on Affordability In order to rent one of our properties, you will need to demonstrate that you can afford the rental payments.
The test that we apply is normally that you must have a total monthly income amounting to 2.5 times the monthly rent or a total annual income of 30 times the monthly rent.
For example, if the rent is £1,000 PCM, then you will need a monthly income of £2,500 or an annual income of £30,000.
You should also advise us if you have any adverse credit history, as this could affect the results of the referencing checks carried out on all prospective tenants.
Application To proceed to rent one of our properties, you will have to complete our simple online application forms and upload some ID information.
You will then receive a Holding Deposit Agreement and pay a Holding Deposit of one weeks' rent within our online portal.
The holding deposit will be used as part of the first rent payment upon signing the tenancy agreement.
The Holding Deposit Agreement will give you details of the circumstances that could lead to your holding deposit becoming non-refundable, as per the terms of the Tenant Fees Act 2019.
Material Information Whilst every care has been taken to prepare these particulars, they are for guidance purposes only.
All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
EPC Rating: D Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 4 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE34 0QQ and mobile coverage is provided by EE, Three, O2 & Vodafone.
The checker results are predictions and should not be regarded as guaranteed. Council Tax The GOV.UK website states the property is Council Tax Band: A
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 advisors 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.
Area
Agent & docs
FAQ
About Richmond Road, South Shields
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