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

Apartment 39, Smokehouse Two, North Shields, NE29 6BZ - 6 months ago

Leasehold
BTL
~68 m²
+11 photos

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,750

Stamp Duty & Legal Fees

£12,620

Total Cash In

£87,370

 

 

Cash Out

 

Rent Range

£475 - £1,400

Rent Estimate

£547

Running Costs/mo

£1,064

Cashflow/mo

£-517

Cashflow/yr

£-6,201

Gross Yield

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.

PriceDateDistanceAddressBeds 
£260K06/240.09 mi8 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA2
£240K02/210.09 mi24 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA2
£340K05/230.09 mi2 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA2
£88K06/210.19 mi24, Yeoman Street, North Shields, Tyne And Wear NE29 6NL2
£152.5K06/240.25 mi19, Long Row, South Shields, Tyne And Wear NE33 1JA2
£147.4K04/240.25 mi22, Long Row, South Shields, Tyne And Wear NE33 1JA2
£69K04/210.25 mi47, Seymour Street, North Shields, Tyne And Wear NE29 6SN2
£53.5K07/210.28 mi98, Seymour Street, North Shields, Tyne And Wear NE29 6SS2
£101.7K03/240.29 mi45, River Drive, South Shields, Tyne And Wear NE33 1TL2
£67K01/210.3 mi37, Stanley Street, North Shields, Tyne And Wear NE29 6RH2
£45K02/230.3 mi56, Vicarage Street, North Shields, Tyne And Wear NE29 6SJ2
£90K05/210.31 mi9, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW2
£63K10/210.31 mi9a, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW2
£145K05/230.32 mi17, Camden Square, North Shields, Tyne And Wear NE30 1NR2
£155K09/210.32 mi10, Union Street, North Shields, Tyne And Wear NE30 1NL2
£131.5K04/230.32 mi22, Union Street, North Shields, Tyne And Wear NE30 1NL2
£137K08/210.32 mi5, Union Street, North Shields, Tyne And Wear NE30 1NL2
£56.5K07/230.32 mi9b, William Street West, North Shields, Tyne And Wear NE29 6RL2
£127.5K10/230.33 mi29, Union Stairs, North Shields, Tyne And Wear NE30 1NE2
£130K04/210.33 mi12, Union Stairs, North Shields, Tyne And Wear NE30 1NE2
£120K06/210.33 mi27, Union Stairs, North Shields, Tyne And Wear NE30 1NE2
£130K08/230.33 mi24, Union Stairs, North Shields, Tyne And Wear NE30 1NE2
£125K03/230.33 mi1, Union Stairs, North Shields, Tyne And Wear NE30 1NE2
£120K10/220.33 mi9, Union Street, North Shields, Tyne And Wear NE30 1NL2
£63K05/210.33 mi8, William Street, North Shields, Tyne And Wear NE29 6RJ2
£63K05/210.34 mi8, William Street, North Shields, Tyne And Wear NE29 6RJ2
£160K03/210.34 mi3, Howard Street, North Shields, Tyne And Wear NE30 1AW2
£62.5K09/230.37 mi37, Broad Landing, South Shields, Tyne And Wear NE33 1JL2
£108K12/220.37 mi43, Broad Landing, South Shields, Tyne And Wear NE33 1JL2
£62.5K01/210.37 mi29, Broad Landing, South Shields, Tyne And Wear NE33 1JL2
£115K03/230.37 mi34, Broad Landing, South Shields, Tyne And Wear NE33 1JL2
£94K12/220.38 mi10, Greens Place, South Shields, Tyne And Wear NE33 2AE2
£69K11/220.4 mi23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX2
£59K12/220.4 mi9, Coble Landing, South Shields, Tyne And Wear NE33 1JW2
£92K06/230.42 mi142, Chirton West View, North Shields, Tyne And Wear NE29 0EN2
£150K10/210.45 mi18, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ2
£160K04/230.45 mi16, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ2
£142.5K11/210.45 mi15, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ2
£80K02/230.46 mi17, Brannen Street, North Shields, Tyne And Wear NE29 0EH2
£76.5K03/210.46 mi143, West Percy Street, North Shields, Tyne And Wear NE29 0BY2
£83K07/230.53 mi71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£73K01/210.53 mi85, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£75K04/230.55 mi7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£73.5K12/200.55 mi17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£115K01/210.58 mi115, Stephenson Street, North Shields, Tyne And Wear NE30 1ER2
£110K11/220.6 mi23, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW2
£127K11/220.6 mi12, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW2
£112K11/200.6 mi65, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW2
£119.5K10/200.6 mi68, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW2
£94K09/210.6 mi21, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW2

Local Rents

50 rents from £475/mo to £1.4K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£80005/240 miDuke Street, Smiths Dock, North Shields2
£1,00007/240 miSmokehouse One, North Shields2
£1,15012/230.07 mi-2
£90005/240.07 miThe Chain Locker, Duke Street, North Shields, Tyne and Wear, NE29 6HB2
£86511/240.07 mi-2
£1,25005/240.08 miSmokehouse Two, Duke Street, Smiths Dock, North Shields, NE292
£1,10003/250.11 mi-2
£57507/240.14 miAddison Street, North Shields, NE29 6LR2
£1,10006/240.16 miApartment 3, Block C, Shepherds Quay, North Shields, NE29 6LJ2
£59507/240.18 miLaet Street, North Shields. NE29 6NN2
£1,40005/240.19 miShepherds Quay, Clive Street, North Shields, NE29 6LF2
£80005/240.22 miHowdon Road, North Shields2
£75006/240.23 miHowdon Road, North Shields, NE292
£69505/240.23 miLower Rudyerd Street, North Shields2
£52505/240.25 miHowdon Road, North Shields. NE29 6ST2
£72512/240.25 mi-2
£65006/240.28 miStanley Street West, North Shields2
£65005/240.28 miWilliam Street West, North Shields, Tyne and Wear, NE29 6RL2
£80006/240.29 miRiver Drive, South Shields2
£55005/240.3 miVicarage Street, North Shields. NE29 6SJ2
£90007/240.31 miUnion Stairs, North Shields, Tyne and Wear, NE30 1NE2
£70006/240.32 mi-2
£70006/240.32 miDolphin Quay, North Shields, NE292
£75006/240.32 miUnion Stairs, North Shields2
£70010/240.33 mi-2
£70010/240.33 mi-2
£82507/240.33 miUnion Stairs, North Shields, NE302
£55007/240.33 miRudyerd Street, North Shields, NE292
£60011/240.35 mi-2
£47509/230.38 mi-2
£75006/240.38 miCaptains Wharf, South Shields2
£72505/240.42 miNorfolk Street, North Shields2
£77506/240.42 mi-2
£75008/240.42 mi-2
£75006/240.42 miSaville Street, North Shields, NE302
£72512/240.42 mi-2
£72512/240.43 mi-2
£1,25006/240.44 miBallast Hill Road, Royal Quays2
£69506/240.45 miFerry Approach, South Shields2
£69503/250.46 mi-2
£67506/240.46 miWest Percy Street, North Shields. NE29 0BY2
£65005/240.46 miWest Percy Street, North Shields2
£69501/250.47 mi-2
£75001/240.5 mi-2
£62505/240.5 miHopper Street West, North Shields2
£77503/250.52 mi-2
£65003/240.56 miStephenson House, Stephenson Street, North Shields, Tyne & Wear, NE302
£79505/240.59 miGardner Park, North Shields, NE292
£79506/240.59 miGardner Park, North Shields, NE292
£79506/240.59 mi-2

Local Area Statistics

Population in NE29

35,923

Population in North Shields

57,931

Town centre distance

0.85 miles away

Nearest school

0.40 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+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

Agent Details

Andrew Craig, Gosforth

0191 625 1041

Next Steps?

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