2 Bed Flat, Single Let, North Shields, NE30 2BT, £129,950

Bamborough Terrace, North Shields, NE30 2BT - 3 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£95K - £175K
Sold Prices/m²£1K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£130,831

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£7,698

Total Cash In

£40,185

 

 

Cash Out

 

Rent Range

£550 - £1,595

Rent Estimate

£650

Running Costs/mo

£556

Cashflow/mo

£94

Cashflow/yr

£1,127

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £95K to £175K, average is £125K. £1K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£135K02/230.02 mi18, Lindisfarne Terrace, North Shields, Tyne And Wear NE30 2BY2
£129.9K02/230.04 mi20, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£147.8K05/230.04 mi7, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K08/210.04 mi39, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£162K10/220.04 mi5, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K02/210.04 mi49, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£115K02/210.04 mi77, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£125K08/210.04 mi41, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£129.9K02/210.04 mi9, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT2
£128K10/200.04 mi28, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£118K07/210.04 mi58, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£164.9K10/230.04 mi66, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU2
£168K05/230.05 mi85, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£168K05/230.05 mi83, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£107K04/210.05 mi39, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£148K12/230.05 mi63, Belford Terrace, North Shields, Tyne And Wear NE30 2DA2
£121K05/210.06 mi64, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£121K05/210.06 mi66, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£107K11/200.08 mi68, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£110K01/210.08 mi72, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£113K09/230.08 mi100, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£115K11/200.09 mi91, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£105K11/200.09 mi81, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£125K12/200.09 mi119, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£146K05/230.09 mi11, Trevor Terrace, North Shields, Tyne And Wear NE30 2DG2
£107.7K03/210.09 mi84, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£110K01/210.09 mi72, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£110K11/220.1 mi94, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£120K04/210.11 mi114, Trevor Terrace, North Shields, Tyne And Wear NE30 2DE2
£174K12/220.14 mi153, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£108K09/210.14 mi19, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£160K12/220.15 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£143K05/210.15 mi85, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AS2
£160K11/220.15 mi22, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£111.5K12/220.15 mi62, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£125K11/230.15 mi32, Brock Farm Court, North Shields, Tyne And Wear NE30 2BQ2
£125K11/210.16 mi50, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AR2
£128.3K10/220.22 mi124, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£164.9K09/230.23 mi35, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£164.9K09/230.23 mi33, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE2
£95K12/200.24 mi12, Military Road, North Shields, Tyne And Wear NE30 2AB2
£159.9K07/230.24 mi25, Drummond Terrace, North Shields, Tyne And Wear NE30 2AW2
£175K02/230.25 mi34a, Linskill Terrace, North Shields, Tyne And Wear NE30 2EN2
£105K11/220.25 mi24, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£138K11/210.25 mi6, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£155K05/230.25 mi7, Balmoral Gardens, North Shields, Tyne And Wear NE29 9BA2
£145.5K04/230.26 mi146, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£107K10/200.26 mi114, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£121K11/200.26 mi134, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2
£146K05/230.26 mi122, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AP2

Local Rents

51 rents from £550/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£67505/240.01 miBamborough Terrace, North Shields2
£77505/240.02 miBelford Terrace, North Shields2
£89505/240.03 mi-2
£89506/240.03 mi-2
£89506/240.03 miBamborough Terrace, North Shields, NE302
£79506/240.05 miBelford Terrace, North Shields, Tyne And Wear, NE302
£75007/240.06 miTrevor Terrace, North Shields. NE30 2DE2
£75005/240.08 miTrevor Terrace, North Shields2
£85005/240.08 miBelford Terrace, North Shields2
£80005/240.09 miTrevor Terrace, North Shields, Tyne and Wear, NE30 2DE2
£1,59508/230.09 mi-2
£75006/240.09 miTrevor Terrace, North Shields. NE30 2DE2
£75008/240.09 miTrevor Terrace, North Shields. NE30 2DE2
£75005/240.11 miTrevor Terrace, North Shields2
£80007/240.11 miTrevor Terrace, North Shields2
£80006/240.14 miBalmoral Gardens, North Shields2
£80007/240.17 mi38 Trevor Terrace2
£65005/240.19 miCleveland Road, North Shields2
£1,00007/240.22 miJackson Street West, North Shields2
£75005/240.24 miMilitary Road, North Shields2
£79506/240.24 miDrummond Terrace, North Shields, Tyne and Wear, NE302
£85001/250.25 mi-2
£86501/250.25 mi-2
£62201/250.26 mi-2
£85007/240.27 miPark Crescent, North Shields2
£79507/240.28 miCromwell Terrace, North Shields, Tyne And Wear, NE292
£72507/240.29 miBalmoral Gardens, North Shields2
£75005/240.29 miAlma Place, North Shields. NE29 0LY2
£69507/240.29 miGrey Street, North Shields2
£70007/240.3 miSalisbury Avenue, North Shields, Tyne and Wear2
£69507/240.3 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£69507/240.3 miNorth King Street, North Shields. NE30 2HS. **SUPER VALUE !!**2
£55009/230.31 mi-2
£72506/240.31 mi-2
£70006/240.31 miEtal Court, North Shields2
£75007/240.32 miCleveland Avenue, North Shields2
£1,20008/240.33 miRosedale Terrace, North Shields2
£82008/240.34 miRosedale Terrace, North Shields, Tyne and Wear, NE30 2HP2
£82507/240.34 miPark Crescent, North Shields2
£89507/240.35 mi-2
£79503/250.35 mi-2
£1,25005/240.36 mi-2
£65003/240.37 miStephenson House, Stephenson Street, North Shields, Tyne & Wear, NE302
£1,54502/240.37 mi-2
£70008/240.37 mi-2
£70008/240.37 mi-2
£75005/240.37 miCoburg Street, North Shields2
£80005/240.39 miWashington Terrace, North Shields2
£60005/240.4 miGrey Street, North Shields2
£72506/240.4 miLansdowne Tce, North Shields. NE29 0NJ. 2
£75012/240.4 miLansdowne Terrace, North Shields, North Tyneside2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £129,950

January 9, 2025

Floor Plans

Description

  • First Floor Flat +
  • Two Bedroom Home +
  • No Upper Chain +
  • Popular Location +
  • Close To Park +
  • Rear Yard +
  • Leasehold +
  • Council Tax Band A +
  • Viewing Recommended +
  • Call For More Information +

This first-floor flat is positioned in a sought-after location and would make an ideal purchase for the first time buyer. Offered for sale with the benefit of no onward chain.

The property is accessed via an entrance lobby with stairs to the first-floor landing and briefly comprises: - living room, two good sized bedrooms, a well-appointed kitchen, and a shower room WC. Further benefits include gas central heating and double glazing. Externally there is a yard to the rear.

The location of this property is without doubt extremely central, and a fabulous variety of local amenities are within easy reach including cafes, bars, and restaurants. The A1058 Coast Road is close by, so you have a direct route to the coast or Newcastle City Centre. There are good links to public transport facilities including prime bus routes and the Metro service. For the growing family the property is well positioned for access to very well-regarded schools

In order to get a real feel for this home you should view the property as soon as possible. This will give you a much better understanding of how charming this property is. For more information, please call our Tynemouth branch on .

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

Council Tax band *A*.

Living Room - 4.29 x 3.63 (14'0" x 11'10") -

Kitchen - 3.32 x 2.72 (10'10" x 8'11") -

Main Bedroom - 4.40 x 3.63 (14'5" x 11'10") -

Bedroom Two - 2.99 x 2.72 (9'9" x 8'11") -

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 💪