3 Bed Flat, Single Let, North Shields, NE29 9JE, £159,950

7 Bishopbourne Court, North Shields, Tyne And Wear, NE29 9JE - 6 months ago

Sold STC

Leasehold

BTL

ROI: 2%

69 m²

+4 photos

ValuationOvervalued

Sold Prices	£110K - £295K
Sold Prices/m²	£1.5K/m² - £2.5K/m²

Square Metres	69.12 m²
Price/m²	£2.3K/m²
Value Estimate	£130,522£130,522

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£39,988£39,988
Stamp Duty & Legal Fees	£5,999£5,999
Total Cash In	£45,986£45,986

Cash Out
Rent Range	£600 - £2,495£600 - £2,495
Rent Estimate	£750
Running Costs/mo	£670£670
Cashflow/mo	£80£80
Cashflow/yr	£962£962
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £110K to £295K, average is £138.7K. £1.5K/m² to £2.5K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£133K	05/21	0 mi	16, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,672	80	3	Flat
£143K	09/21	0 mi	10, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£2,043	70	3	Flat
£136.5K	11/22	0 mi	6, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,896	72	3	Flat
£139.9K	11/22	0 mi	17, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,999	70	3	Flat
£130K	07/24	0.07 mi	18, Newington Drive, North Shields, Tyne And Wear NE29 9JA	£1,667	78	3	Flat
£133K	07/21	0.1 mi	26, Beachborough Close, North Shields, Tyne And Wear NE29 9JD	£1,622	82	3	Flat
£120K	05/24	0.1 mi	20, Beachborough Close, North Shields, Tyne And Wear NE29 9JD	£1,765	68	3	Flat
£122.5K	09/21	0.47 mi	44, Rosebery Avenue, North Shields, Tyne And Wear NE29 9PQ	£1,655	74	3	Flat
£110K	06/21	0.51 mi	57, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD	£1,667	66	3	Flat
£167.5K	08/23	0.77 mi	52, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,463	68	3	Flat
£164.9K	10/23	0.77 mi	68, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,211	75	3	Flat
£130K	12/20	0.78 mi	83, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT	£1,781	73	3	Flat
£169.9K	01/21	0.78 mi	156, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AL	£1,888	90	3	Flat
£137.5K	06/21	0.8 mi	85, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£2,115	65	3	Flat
£150K	03/23	0.8 mi	21, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£1,705	88	3	Flat
£116K	01/21	0.82 mi	74, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ	£1,634	71	3	Flat
£137K	03/23	0.82 mi	22, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£1,986	69	3	Flat
£150.1K	11/20	0.82 mi	42, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£2,028	74	3	Flat
£125K	03/21	0.85 mi	107, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,576	79	3	Flat
£118K	03/21	0.85 mi	87, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,513	78	3	Flat
£150K	01/24	0.87 mi	23, Haswell Gardens, North Shields, Tyne And Wear NE30 2DP	£2,055	73	3	Flat
£155K	08/23	0.93 mi	122, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR	-	-	3	Flat
£152K	07/23	0.97 mi	49a, Park Crescent, North Shields, Tyne And Wear NE30 2HR	£2,106	72	3	Flat
£167K	02/21	0.98 mi	10, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP	£1,491	112	3	Flat
£180K	04/23	0.99 mi	25, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE	£2,250	80	3	Flat
£295K	01/23	1 mi	46a, Alma Place, North Shields, Tyne And Wear NE29 0LY	£2,092	141	3	Flat

Local Rents

51 rents from £600/mo to £2.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	06/24	0.07 mi	Newington Drive, Preston Grange	3	Semi-Detached House
£950	07/24	0.24 mi	Cheviot Close, North Shields, Tyne and Wear	3	Terraced House
£1,000	09/23	0.29 mi	-	3	Terraced House
£995	12/24	0.31 mi	-	3	Semi-Detached House
£950	05/24	0.32 mi	Quantock Close, North Shields	3	Flat
£2,495	08/23	0.44 mi	-	3	Terraced House
£1,250	06/24	0.46 mi	Solway Avenue, Cullercoats	3	Bungalow
£1,300	07/24	0.51 mi	Abbots Way, North Shields, North Tyneside	3	Detached House
£950	03/25	0.71 mi	-	3	Semi-Detached House
£950	05/24	0.72 mi	Balmoral Gardens, North Shields	3	Detached House
£1,200	11/24	0.72 mi	-	3	Semi-Detached House
£1,200	05/24	0.72 mi	Cranbourne Grove, North Shields	3	Detached House
£1,400	07/24	0.76 mi	Millview Drive, North Shields	3	Bungalow
£950	02/24	0.76 mi	-	3	Flat
£950	06/24	0.78 mi	-	3	Flat
£950	06/24	0.78 mi	Queen Alexandra Road, North Shields, NE29	3	Flat
£850	07/24	0.79 mi	Queen Alexandra Road, North Shields, Tyne and Wear, NE29 9AR	3	Flat
£750	11/23	0.82 mi	-	3	Flat
£900	08/24	0.82 mi	Belford Terrace, North Shields	3	Flat
£800	07/24	0.83 mi	Milton Terrace, North Shields	3	Flat
£1,200	10/24	0.85 mi	-	3	Semi-Detached House
£1,300	03/24	0.85 mi	-	3	Semi-Detached House
£1,300	03/24	0.85 mi	-	3	Semi-Detached House
£1,400	02/25	0.85 mi	-	3	Semi-Detached House
£950	07/24	0.85 mi	Belford Terrace, North Shields, Tyne and Wear, NE30 2BZ	3	Flat
£1,135	07/24	0.86 mi	Blanchland Terrace, North Shields, Tyne & Wear, NE30	3	Terraced House
£1,135	02/25	0.87 mi	-	3	Terraced House
£1,300	05/24	0.89 mi	Seacombe Avenue, Cullercoats, North Shields	3	Detached House
£1,000	05/24	0.91 mi	Marden Road, Whitley Bay, NE25	3	Flat
£1,650	07/24	0.91 mi	Marden Road South, Whitley Bay, Tyne and Wear, NE25	3	Semi-Detached House
£1,000	02/24	0.93 mi	-	3	Semi-Detached House
£750	05/24	0.93 mi	Haswell Gardens, North Shields	3	Flat
£1,150	05/24	0.95 mi	Edith Street, Tynemouth	3	Terraced House
£1,250	05/24	0.96 mi	-	3	Semi-Detached House
£1,250	04/24	0.96 mi	-	3	Semi-Detached House
£1,200	06/24	0.96 mi	Kingsley Avenue, Whitley Bay, Tyne and Wear, NE25	3	Semi-Detached House
£850	08/24	0.99 mi	Military Road, North Shields. NE30 2AB GREAT LOCATION	3	Flat
£1,250	05/24	0.99 mi	Foxton Avenue, Cullercoats	3	Detached House
£795	11/24	1.02 mi	-	3	Flat
£1,200	08/24	1.03 mi	Park Crescent East, North Shields	3	House
£1,400	11/24	1.04 mi	-	3	Semi-Detached House
£1,400	07/24	1.04 mi	Cauldwell Lane, Whitley Bay, Tyne and Wear, NE25	3	Terraced House
£750	06/24	1.04 mi	Cauldwell Lane, Whitley Bay	3	Flat
£850	08/24	1.05 mi	Kitchener Terrace, North Shields	3	Flat
£600	04/25	1.07 mi	-	3	Flat
£1,150	12/23	1.07 mi	-	3	Bungalow
£1,150	09/24	1.07 mi	-	3	Bungalow
£1,350	05/24	1.09 mi	Falconer Court, Cullercoats	3	Flat
£1,050	06/24	1.09 mi	-	3	Semi-Detached House
£1,300	05/24	1.09 mi	Plessey Crescent, Whitley Bay	3	Detached House
£1,200	05/24	1.1 mi	Plessey Crescent, Whitley Bay, Tyne And Wear, NE25	3	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	0.30 miles away0.30 miles away
Nearest train station	1 miles away1 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 £159,950

October 17, 2024

Sold for £130,000

2013

Sold for £115,500

2011

Sold for £138,995

2004

Floor Plans

Description

Sought After Location +
Ground Floor Apartment +
Three Bedrooms +
Two Bathrooms +
Allocated Parking +
Ample Storage Throughout +
Council Tax Band B +
Viewing Recommended +
Call For More Information +

Forming part of this purpose-built development, the opportunity to acquire this well-presented ground floor apartment is now available. This accommodation will appeal to a number of buyers including the first-time buyer or those looking to downsize.

The accommodation is accessed via a communal entrance and briefly comprises: - entrance lobby and hallway with storage, generous sized lounge, modern well-appointed kitchen, three bedrooms, the main with fitted wardrobes and an en suite and one with French doors opening to a patio. There is a modern bathroom/w.c. with shower over the bath. Further benefits include gas central heating and double glazing.

Externally there are communal gardens and there is also an allocated parking position.

Preston Grange is a well-regarded residential estate with easy access to a wide range of amenities. You are a stone’s throw away from Morrisons supermarket and local schools are also within walking distance. This part of North Shields is extremely favourable and offers the buyer a superb lifestyle choice; some of the most delightful beaches in the UK are within easy reach. Public travel links are within proximity and the area is serviced with the Metro which will have you into the city centre in around twenty minutes.

For more information and to book a viewing please call our Coastal branch on .

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licensed legal representative.

Council Tax band *B*.

Living Room - 3.98 x 4.41 (13'0" x 14'5") -

Kitchen - 2.23 x 3.00 (7'3" x 9'10") -

Main Bedroom - 3.80 x 3.00 (12'5" x 9'10") -

Bedroom Two - 2.90 x 3.39 (9'6" x 11'1") -

Bedroom Three - 2.60 x 3.39 (8'6" x 11'1") -

Agent Details

Jan Forster Estates, Tynemouth

0191 625 0776

Next Steps?

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

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