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See how verdicts work2-bedroom flat · NE33 3AP
For saleReduced £40k (−44.4%) on 6 SepListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well-Presented 2 Bed Flat Opposite Mowbray Park, Close To Town Centre And Seafront.
Lease to be extended by current sellers Situated in a highly desirable location on Readhead Avenue, South Shields, this well-presented two-bedroom ground floor flat offers an excellent opportunity for first-time buyers and downsizers alike.
Ideally positioned directly opposite Mowbray Park, the property benefits from a pleasant outlook and a peaceful setting, while still being within easy walking distance of South Shields town centre and the stunning coastline.
Upon entering the property, you are welcomed by a handy entrance area, perfect for coats and shoes, creating a practical and tidy first impression.
To the right, the spacious living room provides a comfortable and inviting space, finished in neutral décor with dark wood laminate flooring.
A built-in storage cupboard adds further convenience, helping to keep the space clutter-free.
Leading off the living room is the second bedroom, a bright and airy room with ample space for a double bed, making it ideal as a guest room, home office or additional sleeping accommodation.
Also accessed from the living room is the kitchen, which is well-proportioned and functional, fitted with a range of light units complemented by wooden worktops.
The kitchen currently includes a gas hob, oven, extractor fan and sink, along with plumbing for a washing machine, catering to all essential needs.
To the rear of the kitchen is the generously sized bathroom, fitted with a bath and overhead shower, WC and wash basin.
Beyond this, the rear door leads out to a sunny private yard, which has been turfed and offers a pleasant seating area-perfect for enjoying outdoor space with minimal maintenance.
Positioned at the front of the property is the main bedroom, an excellent-sized room featuring a bay window that allows for plenty of natural light.
There is ample space for a large bed, fitted wardrobes and additional storage or dressing area.
The room is tastefully finished with grey walls and matching carpets, creating a modern and relaxing atmosphere.
The location is a key highlight, with Mowbray Park just across the road, offering green open space right on your doorstep.
The property is also within walking distance of South Shields town centre, providing a wide range of shops, cafes, restaurants and entertainment options.
The award-winning coastline and beaches are just a short stroll away, making this an ideal home for those who enjoy coastal living.
Excellent local amenities, transport links and leisure facilities further enhance the appeal of this property, making it a fantastic all-round purchase.
For more information or to arrange a viewing, please contact us on or email
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 43, Readhead Avenue, South Shields
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