2 Bed Flat, Single Let, North Shields, NE29 9JB, £145,000

Brabourne Gardens, Preston Grange, North Shields, NE29 9JB - 5 months ago

Leasehold
BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£74K - £164.9K
Sold Prices/m²£1K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£132,517

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£425 - £1,595

Rent Estimate

£594

Running Costs/mo

£592

Cashflow/mo

£2

Cashflow/yr

£25

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £74K to £164.9K, average is £128K. £1K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£145K12/220.07 mi47, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£123K10/210.07 mi50, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£128K06/240.07 mi51, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£82K11/200.07 mi14, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£97.6K01/210.07 mi10, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£130K10/230.07 mi49, Newington Drive, North Shields, Tyne And Wear NE29 9JA2
£140K08/230.1 mi21, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE2
£99K10/200.18 mi24, Purbeck Close, North Shields, Tyne And Wear NE29 9QF2
£81K04/210.28 mi47, Cambo Place, North Shields, Tyne And Wear NE30 3RJ2
£158K09/230.49 mi6, Moor Crest Terrace, North Shields, Tyne And Wear NE29 9LW2
£74K12/200.5 mi5c, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£118.5K02/240.5 mi5b, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£125K09/230.5 mi2d, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£121K12/220.5 mi1c, Walton Park, North Shields, Tyne And Wear NE29 9DA2
£115K03/210.57 mi42, Rosebery Avenue, North Shields, Tyne And Wear NE29 9PQ2
£115K03/210.57 mi42, Rosebery Avenue, North Shields, Tyne And Wear NE29 9PQ2
£137.5K10/220.59 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£130K03/230.61 mi25, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£124K07/210.61 mi77, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£120K11/200.61 mi17, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£112K03/210.61 mi71, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£137K02/230.61 mi83, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£132K02/230.61 mi63, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD2
£139.9K09/210.65 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£76K05/210.69 mi41, Whitehouse Lane, North Shields, Tyne And Wear NE29 8PB2
£85.5K09/210.8 mi18, Holystone Gardens, North Shields, Tyne And Wear NE29 8JR2
£140K02/210.82 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£110K11/200.82 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.82 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.82 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.82 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£117.8K02/210.82 mi57, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BB2
£138K11/210.82 mi6, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£155K05/230.82 mi7, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£105K11/220.83 mi24, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£135K02/230.86 mi18, Lindisfarne Terrace, North Shields, Tyne And Wear NE30 2BY2
£108K09/210.87 mi19, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£130K12/200.87 mi164, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AL2
£129.5K05/210.87 mi37, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU2
£145.5K04/230.87 mi146, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£107K10/200.87 mi114, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£121K11/200.87 mi134, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£146K05/230.87 mi122, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£128K10/200.87 mi28, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£118K07/210.87 mi58, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£164.9K10/230.87 mi66, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£160K12/220.87 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£143K05/210.87 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£160K01/230.88 mi39, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU2
£129.9K02/210.88 mi9, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2

Local Rents

50 rents from £425/mo to £1.6K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£85005/240.5 miWalton Park, North Shields2
£55009/230.58 mi-2
£72506/240.59 mi-2
£70007/240.59 miSalisbury Avenue, North Shields, Tyne and Wear2
£57506/240.65 miWhitehouse Lane, North Shields2
£1,30003/250.67 miNewlands, Whitley Bay2
£75007/240.69 miWhitehouse Lane, North Shields, NE292
£85005/240.72 miFarringdon Road, Marden Estate, North Shields2
£80006/240.76 miAthol Gardens, Whitley Bay2
£1,15004/240.78 mi-2
£1,15005/240.78 miBeach Croft Avenue, North Shields, NE302
£72507/240.82 miBalmoral Gardens, North Shields2
£79508/240.83 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£67505/240.87 miBamborough Terrace, North Shields2
£89505/240.87 mi-2
£89506/240.87 mi-2
£89506/240.87 miBamborough Terrace, North Shields, NE302
£79508/240.88 miFriars Rise, Monkseaton, Whitley Bay2
£77505/240.89 miBelford Terrace, North Shields2
£1,59508/230.89 mi-2
£79507/240.9 miCromwell Terrace, North Shields, Tyne And Wear, NE292
£79506/240.9 miBelford Terrace, North Shields, Tyne And Wear, NE302
£74008/240.9 mi-2
£74007/240.9 miMarden Road South, Whitley Bay, NE252
£80006/240.91 miBalmoral Gardens, North Shields2
£85005/240.91 miBelford Terrace, North Shields2
£75007/240.93 miCleveland Avenue, North Shields2
£75007/240.93 miTrevor Terrace, North Shields. NE30 2DE2
£75005/240.94 miTrevor Terrace, North Shields2
£75006/240.94 miTrevor Terrace, North Shields. NE30 2DE2
£75008/240.94 miTrevor Terrace, North Shields. NE30 2DE2
£80007/240.95 miTrevor Terrace, North Shields2
£80005/240.95 miTrevor Terrace, North Shields, Tyne and Wear, NE30 2DE2
£79509/240.95 mi-2
£75005/240.96 miTrevor Terrace, North Shields2
£97505/240.98 miLinks Road, North Shields2
£75001/240.99 mi-2
£1,30011/240.99 mi-2
£70003/231 mi-2
£65005/241 miCleveland Road, North Shields2
£90006/241.01 miBilly Mill Avenue, North Shields2
£80007/241.01 mi38 Trevor Terrace2
£82507/241.05 miPark Crescent, North Shields2
£1,00007/241.05 miJackson Street West, North Shields2
£75012/241.05 miLansdowne Terrace, North Shields, North Tyneside2
£72506/241.05 miLansdowne Tce, North Shields. NE29 0NJ. 2
£42504/241.06 mi-2
£85007/241.06 miPark Crescent, North Shields2
£99512/231.07 mi-2
£60005/241.07 mi-2

Local Area Statistics

Population in NE29

35,923

Population in North Shields

57,931

Town centre distance

0.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £145,000

November 14, 2024

Floor Plans

Description

  • Fabulous, Larger Style, First Floor Apartment with Lift +
  • Approximately 721 Square Foot of Space, No Onward Chain +
  • Fabulous Sized Lounge/Dining Room +
  • Stylish Breakfasting Kitchen with Appliances +
  • Two Double Bedrooms, Principle with Juliette Balcony and En-Suite +
  • Modern Family Bathroom with Shower +
  • Secure Entry System, Private Allocated Parking Bay +
  • Superbly Located Close to Shops, Schools and NTGH +
  • Five Minute Drive to Tynemouth Coastline +
  • Close to the A1058 and A19 North and South +

This fabulous, larger style first floor apartment, boasts approximately 721 square feet of light, space and flexible living. Located on the highly sought after Preston Grange Estate, close to local schools, shops, bus routes and major transport links to the A1058 City Centre and A19 North and South. It is also approximately a five minute drive from our wonderful Tynemouth Coastline and within walking distance to North Tyneside General Hospital, just perfect! The apartment has the unique advantage of a lift ensuring the apartment is suitable for people of all ages and stages of life. There is no onward chain and we are confident that you will be delighted with this deceptively spacious property! There is a secure entry system to the communal hallway, lift up to the first floor, impressive hallway, fabulous sized lounge/dining room, stylish breakfasting kitchen with integrated appliances, two double bedrooms, the principle bedroom with feature Juliette balcony and contemporary en-suite shower room, modern family bathroom with shower. To the rear of the property is a private, allocated parking bay with direct access into the block and to the lift, there are also well maintained communal grounds. The flat has a long lease with 128 years remaining, Management Fee: £117.32 per month, Ground Rent: £194.58 per year. Gas, Electric, Heating, Water, Sewerage: Mains Connected. Broadband: ADSL, Mobile Phone Blackspot: No. EPC: B, Council Tax Band: B Potentially suitable for wheel chair users with the apartment having level access and a lift.

Mining: The property is not known to be on a coalfield and is unknown whether to be directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any

Agent Details

Rook Matthews Sayer, Whitley Bay

0191 625 0269

Next Steps?

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