2 Bed Flat, Single Let, North Shields, NE29 8BD, £77,000

St. Anselm Road, North Shields, NE29 8BD - 1 views - 9 months ago

Leasehold
BTL
ROI: 12%
~61 m²
+10 photos

ValuationUndervalued

Sold Prices£62K - £158K
Sold Prices/m²£912/m² - £2.8K/m²

 

 

Square Metres

~60.90 m²
Price/m²£1.3K/m²

Value Estimate

£95,237
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,250

Stamp Duty & Legal Fees

£3,510

Total Cash In

£22,760

 

 

Cash Out

 

Rent Range

£425 - £2,000

Rent Estimate

£600

Running Costs/mo

£381

Cashflow/mo

£219

Cashflow/yr

£2,633

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62K to £158K, average is £99.5K. £912/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£85.5K09/210.25 mi18, Holystone Gardens, North Shields, Tyne And Wear NE29 8JR2
£100K08/230.28 mi14, Langholm Avenue, North Shields, Tyne And Wear NE29 8DH2
£80K02/240.28 mi19, Langholm Avenue, North Shields, Tyne And Wear NE29 8DH2
£76K05/210.31 mi41, Whitehouse Lane, North Shields, Tyne And Wear NE29 8PB2
£82K07/210.32 mi62, Stirling Drive, North Shields, Tyne And Wear NE29 8DJ2
£116K08/230.32 mi37, Stirling Drive, North Shields, Tyne And Wear NE29 8DJ2
£89K10/230.37 mi8, Peebles Close, North Shields, Tyne And Wear NE29 8DN2
£112K05/230.37 mi22, Peebles Close, North Shields, Tyne And Wear NE29 8DN2
£87.5K10/230.42 mi27, Brookland Terrace, North Shields, Tyne And Wear NE29 8DS2
£101.2K12/220.43 mi68, Brookland Terrace, North Shields, Tyne And Wear NE29 8EU2
£62K09/210.45 mi54, Brookland Terrace, North Shields, Tyne And Wear NE29 8EU2
£80.5K07/210.48 mi1, Coast Road, North Shields, Tyne And Wear NE29 7PQ2
£135K11/220.52 mi22, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£102K10/210.52 mi28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£120K11/230.52 mi28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£81K03/230.52 mi15, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£120.2K10/230.52 mi25, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£84K11/200.52 mi54, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£69.5K06/210.53 mi35, Forsyth Street, North Shields, Tyne And Wear NE29 8ED2
£75K10/230.54 mi176, Brookland Terrace, North Shields, Tyne And Wear NE29 8EP2
£68K01/210.55 mi36, Redesdale Grove, North Shields, Tyne And Wear NE29 7DY2
£75K05/210.57 mi45, Langley Road, North Shields, Tyne And Wear NE29 7NN2
£82.5K01/210.6 mi2, Glendower Avenue, North Shields, Tyne And Wear NE29 7NP2
£86K07/230.62 mi214, Balkwell Avenue, North Shields, Tyne And Wear NE29 7DH2
£102.3K05/230.66 mi135, Verne Road, North Shields, Tyne And Wear NE29 7DG2
£95K12/220.71 mi3, Craster Road, North Shields, Tyne And Wear NE29 7DN2
£110K11/230.91 mi10, Rutland Place, North Shields, Tyne And Wear NE29 0QT2
£71.5K10/220.93 mi65, Biddlestone Crescent, North Shields, Tyne And Wear NE29 7JW2
£74K12/200.94 mi5c, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£118.5K02/240.94 mi5b, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£125K09/230.94 mi2d, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£121K12/220.94 mi1c, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£117.8K02/210.95 mi57, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BB2
£145K12/220.96 mi47, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£130K12/200.96 mi164, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AL2
£123K10/210.96 mi50, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£128K06/240.96 mi51, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£82K11/200.96 mi14, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£97.6K01/210.96 mi10, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£130K10/230.96 mi49, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£77.4K07/210.98 mi23, Billy Mill Avenue, North Shields, Tyne And Wear NE29 0QY2
£124K11/200.98 mi37, Milton Terrace, North Shields, Tyne And Wear NE29 0PB2
£136K12/200.98 mi29, Milton Terrace, North Shields, Tyne And Wear NE29 0PB2
£158K09/230.98 mi6, Moor Crest Terrace, North Shields, Tyne And Wear NE29 9LW2
£99K10/200.99 mi24, Purbeck Close, North Shields, Tyne And Wear NE29 9QF2
£129.5K05/210.99 mi37, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU2
£137.5K10/220.99 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£74K08/211 mi54, Wallsend Road, North Shields, Tyne And Wear NE29 7BJ2
£90K11/201 mi46, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU2
£120K10/201 mi36, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU2

Local Rents

50 rents from £425/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£82501/250.24 mi-2
£75007/240.31 miWhitehouse Lane, North Shields, NE292
£57506/240.35 miWhitehouse Lane, North Shields2
£62507/240.37 miPeebles Close, North Shields2
£70005/240.38 miEwen Court, North Shields2
£42504/240.42 mi-2
£70002/250.43 mi-2
£62506/240.66 miVerne Road, North Shields2
£62506/240.66 miVerne Road, North Shields2
£63005/240.66 miVerne Road, North Shields2
£60005/240.68 miVerne Road, North Shields2
£90006/240.72 miBilly Mill Avenue, North Shields2
£95005/240.76 miAddington Crescent, North Shields, Tyne and Wear, NE292
£65007/240.79 miBalkwell Avenue, North Shields. NE29 7JF2
£67505/240.82 miBalkwell Avenue, North Shields, Tyne and Wear2
£62505/240.9 mi-2
£85005/240.94 miWalton Park, North Shields2
£72507/240.97 miBalmoral Gardens, North Shields2
£59505/240.98 miBilly Mill Avenue, North Shields2
£72506/240.99 mi-2
£1,45005/240.99 mi-2
£1,55007/240.99 mi-2
£1,55001/250.99 mi-2
£2,00003/250.99 mi-2
£65006/240.99 miNorth Shields2
£65006/241 miFront Terrace, North Shields, NE292
£55009/231 mi-2
£75007/241.01 miCleveland Avenue, North Shields2
£70007/241.02 miSalisbury Avenue, North Shields, Tyne and Wear2
£60007/241.02 miWooler Avenue, North Shields2
£62502/251.02 mi-2
£79507/241.03 miCromwell Terrace, North Shields, Tyne And Wear, NE292
£65005/241.04 miWooler Avenue, North shields , North Shields, Tyne and Wear, NE29 7BD2
£75012/241.05 miLansdowne Terrace, North Shields, North Tyneside2
£59501/251.05 mi-2
£72506/241.06 miLansdowne Tce, North Shields. NE29 0NJ. 2
£75012/241.06 miSilkeys Lane, North Shields, Tyne and Wear2
£80005/241.06 miSilkeys Lane, North Sheilds, NE29 0JT2
£65010/241.07 mi-2
£1,30003/251.07 miNewlands, Whitley Bay2
£65006/241.07 miRichmond Grove, North Shields2
£59505/241.09 miMorpeth Terrace, North Shields2
£62505/241.1 miChirton Avenue, North Shields2
£70005/241.12 miMindrum Terrace, North Shields2
£65005/241.12 miMindrum Terrace, North Shields2
£79508/241.15 miFriars Rise, Monkseaton, Whitley Bay2
£80006/241.15 miBalmoral Gardens, North Shields2
£79506/241.18 mi-2
£79505/241.18 miGardner Park, North Shields, NE292
£79506/241.18 miGardner Park, North Shields, NE292

Local Area Statistics

Population in NE29

35,923

Population in North Shields

57,931

Town centre distance

0.98 miles away

Nearest school

0.10 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £77,000

July 4, 2024

Floor Plans

Description

  • Fitted Kitchen +
  • Two Double Bedrooms +
  • Well Presented 2 Bedroom Flat +
  • Council Tax Band A +
  • No Onward Chain +
  • EPC Rating D +
  • Total Floor Area 60 Square Metres +
  • Parking to front +

MUST BE SEEN! FIRST TIME BUYER - INVESTMENT OPPURTUNITY! Rental potential £600 per month. Bright and spacious 2 Bedroom Upper Flat, situated in a popular residential estate of North Shields. Great transport links, positioned close to the A1058 for getting around the city and the coast.

The property is bright, spacious and neutrally decorated throughout.

This property briefly comprises a bright and spacious lounge, kitchen with fitted wall to floor units, two double bedrooms and bathroom with white suite and over head shower.

Council Tax Band - A

Early viewing is recommended to appreciate the size and scale of the accommodation on offer.

Council Tax Band: A (North Tyneside Council)
Tenure: Leasehold (983 years)
Ground Rent: £0 per year
Service Charge: £0 per year

Agent Details

Giraffe Residential, Newcastle

0191 743 4805

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪