3-bedroom flat · NE29 6NW
For saleListed 1192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
****investment opportunity** pair of flats**one bedroom ground floor and two bedroom maisonette**tenented already with A rental income of £11,700 pa **freehold** town centre location*** Trading Places welcome to the market for sale this investment opportunity to purchase a pair of flats already tenanted with a rental income of £11,700PA.
Located in the town centre of North Shields on Little Bedford street.
Having easy access to local shops, amenities and transport links as well as only a few miles from Tynemouth and other coastal towns.
The property benefits from double glazing, gas central heating and briefly comprises of: Ground floor flat, entrance, lounge, kitchen, one bedroom and a shower room/WC.
- First floor marionette: Stairs and entrance, lounge, kitchen, bedroom, stairs to second floor, bedroom and a bathroom/WC The property has no upper chain and is being sold with the Freehold which could be potentially split to sell as separate flats.
Viewing is arranged by appointment on . EPC Rating D Freehold.
Ground Floor Flat (lounge (lounge)) Double glazed door into lounge, double glazed window, radiator, open through to Kitchen Kitchen Fitted with a range of wall and base units with roll top work surfaces, built in electric oven, hob and extractor over, single sink and drainer, plumbed for washing machine.
Wall mounted boiler and radiator. Bedroom Radiator. Shower Room/Wc Shower cubicle, low level Wc, pedestal wash hand basin and radiator. First Floor Marionette Stairs and entrance into flat.
Lounge Double glazed window to the front, feature fireplace, laminate flooring, radiator, television point and door to: Kitchen Fitted with a range of wall and base units, roll top work surfaces, built in electric oven, hob with extractor over, single sink and drainer, double glazed window to the rear, radiatore and laminate flooring.
Bedroom Two Glazed window to the side, radiator. Bedroom Two Second Floor Glazed window to the rear, radiator, and beams to ceiling.
Bathroom/Wc Three piece suite comprising of: Paneled bath, low level Wc, pedestal wash hand basin and radiator.
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
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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
Agent & docs
FAQ
About 11 & 12, Little Bedford Street, North Shields
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