2-bedroom flat · NE29 6LR
Listing removedListed 38 days · slow let
Opportunity summary
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About
Description Spacious two-bedroom ground floor flat located in North shields. Offering well-proportioned accommodation throughout, neutral décor and a modern fitted kitchen.
A convenient location close to local amenities and transport links Council Tax Band: A Deposit: £695 Holding Deposit: £160.38 Access Accessed from the main road via a pathway, with a lay-by providing space for parking on a first-come, first-served basis, with no designated spaces.
A composite front door leads to the entrance hallway.
Entrance Hallway Featuring a foot mat at the entrance, neutral decor to walls, pendant light fitting and smoke detector to ceiling, warmed via a wall-mounted radiator and modern grey carpets to floors.
Two large storage cupboards, one housing the switchboard and gas meter, with doors leading to the master bedroom and lounge.
Master Bedroom Located to the front of the property with modern grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Large double-glazed window to the front elevation with top opener, with ample space for bedroom furniture.
Lounge Accessed via the entrance hallway with neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Large storage cupboard, ample space for lounge furniture and door leading through to bedroom 2.
Bedroom 2 Accessed via the lounge with modern grey carpets to floors, neutral decor to walls, pendant light fitting to ceiling and warmed via a wall-mounted radiator with trv.
Double-glazed window with top opener and space for a double bed along with additional bedroom furniture.
Kitchen Wood-effect vinyl to floors, neutral decor to walls and a range of gloss grey wall and base units with chrome fixtures.
Integrated four-ring electric hob with chrome extractor and inset oven below, stainless steel sink with chrome mixer tap, space for fridge freezer and washing machine, Worcester boiler system and double-glazed window with right-hand opener.
Door leading through to the rear lobby.
Rear Lobby Wood-effect vinyl flooring continued through from the kitchen, with neutral decor to walls, wall-mounted radiator with trv and concealed light fitting to ceiling.
UPVC door with glass panels provides access to the shared rear yard, with a further door leading through to the bathroom.
Bathroom Located to the rear of the property with wood-effect vinyl flooring, neutral decor to walls, concealed light fitting to ceiling and three-piece white suite with chrome fixtures and shower over bath.
Warmed via a wall-mounted radiator with trv, with mechanical ventilation and opaque window with top opener providing further ventilation.
Rear Yard The yard is accessed via the rear lobby and is shared with the upstairs flat with space for outdoor furniture.
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.
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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 71 Addison Street, North Shields
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