2 Bed Flat, Single Let, North Shields, NE29 6BZ, £299,000





ValuationOvervalued
Sold Prices | £45K - £340K |
Sold Prices/m² | £710/m² - £2.4K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.4K/m² |
Value Estimate | £89,140£89,140 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £74,750£74,750 |
Stamp Duty & Legal Fees | £12,620£12,620 |
Total Cash In | £87,370£87,370 |
| |
Cash Out | |
Rent Range | £475 - £1,400£475 - £1,400 |
Rent Estimate | £547 |
Running Costs/mo | £1,064£1,064 |
Cashflow/mo | £-517£-517 |
Cashflow/yr | £-6,201£-6,201 |
Gross Yield | 2%2% |
Local Sold Prices
50 sold prices from £45K to £340K, average is £109K. £710/m² to £2.4K/m², average is £1.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£260K | 06/24 | 0.09 mi | 8 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA | - | - | 2 | Flat | |
£240K | 02/21 | 0.09 mi | 24 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA | - | - | 2 | Flat | |
£340K | 05/23 | 0.09 mi | 2 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA | - | - | 2 | Flat | |
£88K | 06/21 | 0.19 mi | 24, Yeoman Street, North Shields, Tyne And Wear NE29 6NL | £1,309 | 67 | 2 | Flat | |
£152.5K | 06/24 | 0.25 mi | 19, Long Row, South Shields, Tyne And Wear NE33 1JA | £2,383 | 64 | 2 | Flat | |
£147.4K | 04/24 | 0.25 mi | 22, Long Row, South Shields, Tyne And Wear NE33 1JA | £2,403 | 61 | 2 | Flat | |
£69K | 04/21 | 0.25 mi | 47, Seymour Street, North Shields, Tyne And Wear NE29 6SN | £972 | 71 | 2 | Flat | |
£53.5K | 07/21 | 0.28 mi | 98, Seymour Street, North Shields, Tyne And Wear NE29 6SS | £991 | 54 | 2 | Flat | |
£101.7K | 03/24 | 0.29 mi | 45, River Drive, South Shields, Tyne And Wear NE33 1TL | £1,240 | 82 | 2 | Flat | |
£67K | 01/21 | 0.3 mi | 37, Stanley Street, North Shields, Tyne And Wear NE29 6RH | £1,081 | 62 | 2 | Flat | |
£45K | 02/23 | 0.3 mi | 56, Vicarage Street, North Shields, Tyne And Wear NE29 6SJ | £710 | 63 | 2 | Flat | |
£90K | 05/21 | 0.31 mi | 9, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW | £1,098 | 82 | 2 | Flat | |
£63K | 10/21 | 0.31 mi | 9a, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW | £840 | 75 | 2 | Flat | |
£145K | 05/23 | 0.32 mi | 17, Camden Square, North Shields, Tyne And Wear NE30 1NR | - | - | 2 | Flat | |
£155K | 09/21 | 0.32 mi | 10, Union Street, North Shields, Tyne And Wear NE30 1NL | - | - | 2 | Flat | |
£131.5K | 04/23 | 0.32 mi | 22, Union Street, North Shields, Tyne And Wear NE30 1NL | - | - | 2 | Flat | |
£137K | 08/21 | 0.32 mi | 5, Union Street, North Shields, Tyne And Wear NE30 1NL | - | - | 2 | Flat | |
£56.5K | 07/23 | 0.32 mi | 9b, William Street West, North Shields, Tyne And Wear NE29 6RL | £974 | 58 | 2 | Flat | |
£127.5K | 10/23 | 0.33 mi | 29, Union Stairs, North Shields, Tyne And Wear NE30 1NE | £1,864 | 68 | 2 | Flat | |
£130K | 04/21 | 0.33 mi | 12, Union Stairs, North Shields, Tyne And Wear NE30 1NE | £2,203 | 59 | 2 | Flat | |
£120K | 06/21 | 0.33 mi | 27, Union Stairs, North Shields, Tyne And Wear NE30 1NE | £1,935 | 62 | 2 | Flat | |
£130K | 08/23 | 0.33 mi | 24, Union Stairs, North Shields, Tyne And Wear NE30 1NE | £2,131 | 61 | 2 | Flat | |
£125K | 03/23 | 0.33 mi | 1, Union Stairs, North Shields, Tyne And Wear NE30 1NE | £2,193 | 57 | 2 | Flat | |
£120K | 10/22 | 0.33 mi | 9, Union Street, North Shields, Tyne And Wear NE30 1NL | £2,034 | 59 | 2 | Flat | |
£63K | 05/21 | 0.33 mi | 8, William Street, North Shields, Tyne And Wear NE29 6RJ | £759 | 83 | 2 | Flat | |
£63K | 05/21 | 0.34 mi | 8, William Street, North Shields, Tyne And Wear NE29 6RJ | £759 | 83 | 2 | Flat | |
£160K | 03/21 | 0.34 mi | 3, Howard Street, North Shields, Tyne And Wear NE30 1AW | £2,353 | 68 | 2 | Flat | |
£62.5K | 09/23 | 0.37 mi | 37, Broad Landing, South Shields, Tyne And Wear NE33 1JL | £962 | 65 | 2 | Flat | |
£108K | 12/22 | 0.37 mi | 43, Broad Landing, South Shields, Tyne And Wear NE33 1JL | £1,612 | 67 | 2 | Flat | |
£62.5K | 01/21 | 0.37 mi | 29, Broad Landing, South Shields, Tyne And Wear NE33 1JL | £1,078 | 58 | 2 | Flat | |
£115K | 03/23 | 0.37 mi | 34, Broad Landing, South Shields, Tyne And Wear NE33 1JL | £1,896 | 61 | 2 | Flat | |
£94K | 12/22 | 0.38 mi | 10, Greens Place, South Shields, Tyne And Wear NE33 2AE | - | - | 2 | Flat | |
£69K | 11/22 | 0.4 mi | 23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX | £1,045 | 66 | 2 | Flat | |
£59K | 12/22 | 0.4 mi | 9, Coble Landing, South Shields, Tyne And Wear NE33 1JW | £952 | 62 | 2 | Flat | |
£92K | 06/23 | 0.42 mi | 142, Chirton West View, North Shields, Tyne And Wear NE29 0EN | £1,314 | 70 | 2 | Flat | |
£150K | 10/21 | 0.45 mi | 18, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ | £1,531 | 98 | 2 | Flat | |
£160K | 04/23 | 0.45 mi | 16, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ | £1,702 | 94 | 2 | Flat | |
£142.5K | 11/21 | 0.45 mi | 15, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ | £1,822 | 78 | 2 | Flat | |
£80K | 02/23 | 0.46 mi | 17, Brannen Street, North Shields, Tyne And Wear NE29 0EH | £1,174 | 68 | 2 | Flat | |
£76.5K | 03/21 | 0.46 mi | 143, West Percy Street, North Shields, Tyne And Wear NE29 0BY | £1,142 | 67 | 2 | Flat | |
£83K | 07/23 | 0.53 mi | 71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER | £1,246 | 67 | 2 | Flat | |
£73K | 01/21 | 0.53 mi | 85, Collingwood View, North Shields, Tyne And Wear NE29 0ER | £1,265 | 58 | 2 | Flat | |
£75K | 04/23 | 0.55 mi | 7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD | £1,003 | 75 | 2 | Flat | |
£73.5K | 12/20 | 0.55 mi | 17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD | £1,141 | 64 | 2 | Flat | |
£115K | 01/21 | 0.58 mi | 115, Stephenson Street, North Shields, Tyne And Wear NE30 1ER | £1,597 | 72 | 2 | Flat | |
£110K | 11/22 | 0.6 mi | 23, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW | - | - | 2 | Flat | |
£127K | 11/22 | 0.6 mi | 12, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW | £2,352 | 54 | 2 | Flat | |
£112K | 11/20 | 0.6 mi | 65, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW | £2,074 | 54 | 2 | Flat | |
£119.5K | 10/20 | 0.6 mi | 68, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW | £2,060 | 58 | 2 | Flat | |
£94K | 09/21 | 0.6 mi | 21, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW | £1,835 | 51 | 2 | Flat |
Local Rents
50 rents from £475/mo to £1.4K/mo, average is £738/mo.
Rent | Date | Distance | Address | Beds | Type | |
£800 | 05/24 | 0 mi | Duke Street, Smiths Dock, North Shields | 2 | Flat | |
£1,000 | 07/24 | 0 mi | Smokehouse One, North Shields | 2 | House | |
£1,150 | 12/23 | 0.07 mi | - | 2 | Flat | |
£900 | 05/24 | 0.07 mi | The Chain Locker, Duke Street, North Shields, Tyne and Wear, NE29 6HB | 2 | Flat | |
£865 | 11/24 | 0.07 mi | - | 2 | Flat | |
£1,250 | 05/24 | 0.08 mi | Smokehouse Two, Duke Street, Smiths Dock, North Shields, NE29 | 2 | Flat | |
£1,100 | 03/25 | 0.11 mi | - | 2 | Flat | |
£575 | 07/24 | 0.14 mi | Addison Street, North Shields, NE29 6LR | 2 | Flat | |
£1,100 | 06/24 | 0.16 mi | Apartment 3, Block C, Shepherds Quay, North Shields, NE29 6LJ | 2 | Flat | |
£595 | 07/24 | 0.18 mi | Laet Street, North Shields. NE29 6NN | 2 | Flat | |
£1,400 | 05/24 | 0.19 mi | Shepherds Quay, Clive Street, North Shields, NE29 6LF | 2 | Flat | |
£800 | 05/24 | 0.22 mi | Howdon Road, North Shields | 2 | Flat | |
£750 | 06/24 | 0.23 mi | Howdon Road, North Shields, NE29 | 2 | Flat | |
£695 | 05/24 | 0.23 mi | Lower Rudyerd Street, North Shields | 2 | Flat | |
£525 | 05/24 | 0.25 mi | Howdon Road, North Shields. NE29 6ST | 2 | Flat | |
£725 | 12/24 | 0.25 mi | - | 2 | Flat | |
£650 | 06/24 | 0.28 mi | Stanley Street West, North Shields | 2 | Flat | |
£650 | 05/24 | 0.28 mi | William Street West, North Shields, Tyne and Wear, NE29 6RL | 2 | Flat | |
£800 | 06/24 | 0.29 mi | River Drive, South Shields | 2 | Flat | |
£550 | 05/24 | 0.3 mi | Vicarage Street, North Shields. NE29 6SJ | 2 | Flat | |
£900 | 07/24 | 0.31 mi | Union Stairs, North Shields, Tyne and Wear, NE30 1NE | 2 | Flat | |
£700 | 06/24 | 0.32 mi | - | 2 | Flat | |
£700 | 06/24 | 0.32 mi | Dolphin Quay, North Shields, NE29 | 2 | Flat | |
£750 | 06/24 | 0.32 mi | Union Stairs, North Shields | 2 | Flat | |
£700 | 10/24 | 0.33 mi | - | 2 | Terraced House | |
£700 | 10/24 | 0.33 mi | - | 2 | Terraced House | |
£825 | 07/24 | 0.33 mi | Union Stairs, North Shields, NE30 | 2 | Flat | |
£550 | 07/24 | 0.33 mi | Rudyerd Street, North Shields, NE29 | 2 | Flat | |
£600 | 11/24 | 0.35 mi | - | 2 | Flat | |
£475 | 09/23 | 0.38 mi | - | 2 | Flat | |
£750 | 06/24 | 0.38 mi | Captains Wharf, South Shields | 2 | Flat | |
£725 | 05/24 | 0.42 mi | Norfolk Street, North Shields | 2 | Flat | |
£775 | 06/24 | 0.42 mi | - | 2 | Flat | |
£750 | 08/24 | 0.42 mi | - | 2 | Flat | |
£750 | 06/24 | 0.42 mi | Saville Street, North Shields, NE30 | 2 | Flat | |
£725 | 12/24 | 0.42 mi | - | 2 | Flat | |
£725 | 12/24 | 0.43 mi | - | 2 | Flat | |
£1,250 | 06/24 | 0.44 mi | Ballast Hill Road, Royal Quays | 2 | Flat | |
£695 | 06/24 | 0.45 mi | Ferry Approach, South Shields | 2 | Flat | |
£695 | 03/25 | 0.46 mi | - | 2 | Flat | |
£675 | 06/24 | 0.46 mi | West Percy Street, North Shields. NE29 0BY | 2 | Flat | |
£650 | 05/24 | 0.46 mi | West Percy Street, North Shields | 2 | Flat | |
£695 | 01/25 | 0.47 mi | - | 2 | Flat | |
£750 | 01/24 | 0.5 mi | - | 2 | Flat | |
£625 | 05/24 | 0.5 mi | Hopper Street West, North Shields | 2 | Flat | |
£775 | 03/25 | 0.52 mi | - | 2 | Terraced House | |
£650 | 03/24 | 0.56 mi | Stephenson House, Stephenson Street, North Shields, Tyne & Wear, NE30 | 2 | Flat | |
£795 | 05/24 | 0.59 mi | Gardner Park, North Shields, NE29 | 2 | Detached House | |
£795 | 06/24 | 0.59 mi | Gardner Park, North Shields, NE29 | 2 | Semi-Detached House | |
£795 | 06/24 | 0.59 mi | - | 2 | Semi-Detached House |
Local Area Statistics
Population in NE29 | 35,92335,923 |
Population in North Shields | 57,93157,931 |
Town centre distance | 0.85 miles away0.85 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 0.52 miles away0.52 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -14%-14% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +26%+26% |
Property History
Listed for £299,000
October 7, 2024
Floor Plans

Description
- Immaculately Presented +
- Lift Access to Apartment +
- Sought After Development +
- Quayside Location with Stunning Views +
- Balcony +
- Easy Access to Local Amenities +
- The property is Leasehold with a term of 250 years from and including 7th January 2019. +
- Reference: 457028 +
AN ABSOLUTELY STUNNING FIFTH FLOOR APARTMENT, WITH INCREDIBLE 'WOW' FACTOR VIEWS ACROSS THE MOUTH OF THE RIVER TYNE.....
Situated in this sought after development on the edge of the ever popular Fish Quay at North Shields which hosts a plethora of independent restaurants/bars/pubs. Within walking distance to nearby local beach, North Shields Metro station, and the Pedestrian ferry to South Shields. With 'Royal Quays' shopping outlet close by, and excellent road links to A19, Tyne Tunnel and beyond.
There is lift access to all floors, and the immaculate apartment benefits from floor to ceiling windows, gas central heating via an Interface heat system, and allocated parking space. The accommodation comprises:- hallway with utility cupboard, open plan living room with kitchen and access to balcony, principle bedroom with ensuite shower room, second double bedroom and main bathroom.
We anticipate a high level of interest, as apartments to the front of the building with balconies are rare to the market.
ENTRANCE HALLWAY
Laminate flooring, radiator, utility cupboard with heating system, plumbing for washing machine and an air ventilation system.
LOUNGE/KITCHEN 6.94m (22'9) x 6.3m (20'8)
Open plan lounge/kitchen. Floor to ceiling windows with sliding door to balcony, laminate flooring, radiator.
Upvc window, base and wall units, roll top work surfaces, integrated fridge freezer, electric oven and hob with extractor hood, integrated slimline dishwasher, integrated stainless steel sink and drainer unit.
BEDROOM ONE 4.38m (14'4) x 2.8m (9'2)
Upvc window, carpeted flooring, radiator.
EN-SUITE 2.47m (8'1) x 1.6m (5'3)
Tiled walls and flooring, double shower cubicle, built in wall-hung low level w.c. and wash basin, heated ladder towel rail.
BEDROOM TWO 3.56m (11'8) x 2.83m (9'3)
Upvc window, carpeted flooring, radiator.
BATHROOM 2.38m (7'10) x 2m (6'7)
Tiled walls and flooring, panelled bath with shower over, built in wall-hung low level w.c. and wash basin, heated ladder towel rail.
Allocated parking space and option for extra permitted parking to the rear.
Tenure
The property is Leasehold with a term of 250 years from and including 7th January 2019.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 8 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE29 6BZ and mobile coverage is provided by EE, Three, O2 and Vodafone. *The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: D
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
EPC Rating: B
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