2-bedroom flat · NE30 1LA
Sold STCListed 80 days
Opportunity summary
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About
SPACIOUS TWO BEDROOM FIRST FLOOR APARTMENT SITUATED WITHIN THIS MODERN DEVELOPMENT POSITIONED ABOVE THE FISH QUAY IN NORTH SHIELDS - SERVICE CHARGE PAID UNTIL JAN 2027 Brannen & Partners welcome to the market this well proportioned two bedroom, two bathroom, first floor apartment in North Shields.
Boasting open plan living, two bathrooms, views towards the river, secure parking bay as well as a lockable bike shed. Briefly comprising: Secure communal entrance with stairs to the first floor.
The private entrance vestibule leads to a welcoming hallway which gives access to all rooms.
Double doors lead to an open plan lounge/kitchen/diner, this bright and airy space benefits from a dual aspect with views towards the river.
The kitchen is well equipped with a breakfast bar, integrated appliances include a gas hob, electric oven, extractor fan, washer/dryer and space for a freestanding fridge/freezer.
There are two double bedrooms, one is generous in size and boasts French doors opening to a Juliette balcony as well as benefitting from an en-suite, comprising a bath, separate shower, hand basin and W.C.
The shower room has a large step in shower, hand basin and W.C. Externally to the rear is a secure gated parking area with a designated parking bay as well as a lockable bike shed.
The property is located in North Shields close to the thriving Fish Quay and to major road links providing ease of access to other local towns, the coast and Newcastle City centre as well as good bus and Metro links.
The property is a short walk in to Tynemouth Village which offers a good range of shops, cafés and restaurants as well as the award winning Long Sands Beach.
Secure Communal Entrance - Private Vestibule - Hallway - Lounge/Kitchen/Diner - 6.34m x 4.21m (20'9" x 13'9") - Bedroom One - 4.74m x 2.86m (15'6" x 9'4") - En-Suite - 2.86m x 1.87m (9'4" x 6'1") - Bedroom Two - 2.99m x 2.32m (9'9" x 7'7") - Shower Room - 1.91m x 1.68m (6'3" x 5'6") - Externally - To the rear is a secure gated parking area with a designated parking bay as well as a lockable bike shed.
Tenure - Leasehold - 101 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.
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