1-bedroom flat · NE33 2AQ
Listing removedListed 120 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**new to the market** AJP Property Services are pleased to offer for rent this spacious well presented 1 bed ground floor flat located in the sought after Sandhaven beach area of South Shields with stunning views.
This rare opportunity to rent a spacious apartment with views of the River Tyne to the front and with a pleasant outlook over the Arbeia Roman Fort at the rear, the property is perfect for professionals or a couple.
The property is ideally located with South Shields town centre and its array of shops and restaurants only being a 10-15 minute walk away and a short walk from Sandhaven beach front.
The property has been refurbished throughout to a high standard whilst still retaining period features including fireplaces and coving, is tastefully decorated and extremely well presented The property is offered unfurnished but with white goods and features: Entrance vestibule and hallway leading to a large lounge/dining room, modern kitchen with white goods, one double bedroom and a modern part-tiled bathroom with walk-in shower.
The property benefits from double glazing and gas central heating. An internal viewing is a must to fully appreciate this stunning property.
Upfront Costs First months rent - £695 Deposit (5 weeks rent) - £801.92 Total - £1496.92 Holding Fee - £160.38 (please note this is non-refundable if you fail referencing or withdraw from the process) Council Tax Band A Tenant Referencing Criteria: AJP Property Services will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicants income will sufficiently cover the rental payments.
• To pass the affordability check, each applicants gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount e.g.
If the rent is £500 pcm, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicants affordability is assessed individually against the criteria. • Self- will require an accountants reference and should have accounts for a minimum of two years.
• Employment checks to confirm your start date, salary and if your position is permanent. • Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • Right to rent and id checks.
Applicants who are students or are unemployed/work part time and receiving benefits will require A guarantor.
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 92, Greens Place, South Shields
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