2-bedroom flat · NE29 7LS
Sold STCListed 90 days
Opportunity summary
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About
WELL PRESENTED TWO BEDROOM GROUND FLOOR FLAT SITUATED IN NORTH SHIELDS OFFERED WITH NO UPPER CHAIN Brannen & Partners welcome to the market this well-presented and generously proportioned two-bedroom ground floor flat, ideally situated within a popular residential area of North Shields.The property offers spacious accommodation throughout, featuring two well-sized bedrooms, a fitted kitchen, a bathroom, and a separate W.C.
Offered with the added benefit of no upper chain, this home presents an excellent opportunity for first-time buyers, downsizers, or investors alike.
Briefly comprising: An entrance vestibule leads into the hallway. The spacious living room features a large bay window overlooking the front of the property, providing plenty of natural light.
To the rear, the kitchen is fitted with a range of wall and base units offering ample storage, along with a large window overlooking the rear garden.
The property benefits from two generously sized double bedrooms, both with fitted storage. The bathroom comprises a bath with a shower over and a wash hand basin, with a separate W.C.
Externally to the rear is a generous sized garden.
North Shields offers a wide range of local amenities and excellent transport links, with easy access to major road networks connecting to surrounding towns, the coast, and Newcastle City Centre.
The area is also well served by regular bus services. The popular North Shields Fish Quay is just a short distance away, offering a vibrant selection of cafés, bars, and restaurants.
Nearby Tynemouth Village is also within easy reach and is renowned for its independent cafés, restaurants, boutique shops, and the award-winning Longsands Beach, making it a highly desirable coastal destination.
Entry - 1.21 x 0.99 (3'11" x 3'2" ) - Hallway - 3.85 x 0.91 (12'7" x 2'11") - Living Room - 4.52 x 3.61 (14'9" x 11'10") - Kitchen - 3.32 x 2.84 (10'10" x 9'3") - Bedroom One - 3.54 x 3.13 (11'7" x 10'3") - Bedroom Two - 3.09 x 2.94 (10'1" x 9'7") - Bathroom - 2.40 x 1.34 (7'10" x 4'4") - W.C - 1.98 x 0.73 (6'5" x 2'4") - Hallway - 0.91 x 0.90 (2'11" x 2'11") - Rear Garden - Tenure - Leasehold - Share of Freehold - 999 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
Agent & docs
FAQ
About Verne Road, North Shields
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