3 Bed Flat, Single Let, North Shields, NE29 6BZ, £499,950

Smokehouse Two, Duke Street, North Shields, NE29 6BZ - 3 months ago

Sold STC

Leasehold

BTL

~93 m²

+21 photos

ValuationOvervalued

Sold Prices	£57K - £295K
Sold Prices/m²	£756/m² - £2.5K/m²

Square Metres	~93 m²
Price/m²	£5.4K/m²
Value Estimate	£162,070£162,070

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£124,988£124,988
Stamp Duty & Legal Fees	£28,696£28,696
Total Cash In	£153,684£153,684

Cash Out
Rent Range	£470 - £2,550£470 - £2,550
Rent Estimate	£594
Running Costs/mo	£1,701£1,701
Cashflow/mo	£-1,107£-1,107
Cashflow/yr	£-13,286£-13,286
Gross Yield	1%1%

Local Sold Prices

42 sold prices from £57K to £295K, average is £130K. £756/m² to £2.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£166K	03/23	0.1 mi	48, Tennyson Terrace, North Shields, Tyne And Wear NE29 6LW	£2,406	69	3	Flat
£65K	05/21	0.29 mi	16, River Drive, South Shields, Tyne And Wear NE33 1TL	-	-	3	Flat
£115K	04/21	0.35 mi	4, Waterville Terrace, North Shields, Tyne And Wear NE29 6RW	-	-	3	Flat
£110K	10/22	0.43 mi	51, Blucher Road, North Shields, Tyne And Wear NE29 6XJ	£1,410	78	3	Flat
£107K	05/23	0.48 mi	112, West Percy Street, North Shields, Tyne And Wear NE29 0DB	£1,446	74	3	Flat
£130K	11/22	0.5 mi	12b, Hylton Terrace, North Shields, Tyne And Wear NE29 0EE	-	-	3	Flat
£295K	01/23	0.65 mi	46a, Alma Place, North Shields, Tyne And Wear NE29 0LY	£2,092	141	3	Flat
£120K	08/23	0.65 mi	94, Roman Road, South Shields, Tyne And Wear NE33 2AP	£1,008	119	3	Flat
£82K	12/20	0.65 mi	14, Julian Street, South Shields, Tyne And Wear NE33 2EP	£1,206	68	3	Flat
£86.5K	01/21	0.66 mi	2, The Nook, North Shields, Tyne And Wear NE29 0JL	£1,185	73	3	Flat
£80K	03/21	0.67 mi	27, Fairles Street, South Shields, Tyne And Wear NE33 2ER	£988	81	3	Flat
£136.3K	06/21	0.69 mi	22, Military Road, North Shields, Tyne And Wear NE30 2AB	£1,919	71	3	Flat
£155K	08/23	0.72 mi	122, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR	-	-	3	Flat
£180K	04/23	0.73 mi	25, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE	£2,250	80	3	Flat
£127K	07/21	0.75 mi	41, North King Street, North Shields, Tyne And Wear NE30 2HS	£1,984	64	3	Flat
£84K	11/20	0.75 mi	41, North King Street, North Shields, Tyne And Wear NE30 2HS	£1,313	64	3	Flat
£116K	04/23	0.76 mi	37, Roman Road, South Shields, Tyne And Wear NE33 2HA	£1,646	70	3	Flat
£150K	01/24	0.78 mi	23, Haswell Gardens, North Shields, Tyne And Wear NE30 2DP	£2,055	73	3	Flat
£65K	02/21	0.79 mi	48, Henry Nelson Street, South Shields, Tyne And Wear NE33 2EZ	£942	69	3	Flat
£151.8K	08/21	0.79 mi	25a, Lawe Road, South Shields, Tyne And Wear NE33 2EX	-	-	3	Flat
£105K	11/20	0.8 mi	28, Coburg Street, North Shields, Tyne And Wear NE30 2HX	£1,045	101	3	Flat
£118K	03/21	0.83 mi	87, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,513	78	3	Flat
£125K	03/21	0.83 mi	107, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,576	79	3	Flat
£63K	02/23	0.83 mi	22, Hatfield Square, South Shields, Tyne And Wear NE33 2RD	-	-	3	Flat
£152K	07/23	0.84 mi	49a, Park Crescent, North Shields, Tyne And Wear NE30 2HR	£2,106	72	3	Flat
£80.5K	01/21	0.84 mi	21b, Lansdowne Terrace West, North Shields, Tyne And Wear NE29 0RW	£1,319	61	3	Flat
£116K	01/21	0.86 mi	74, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ	£1,634	71	3	Flat
£137K	03/23	0.86 mi	22, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£1,986	69	3	Flat
£150.1K	11/20	0.86 mi	42, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£2,028	74	3	Flat
£175K	03/23	0.87 mi	65, Jackson Street, North Shields, Tyne And Wear NE30 2HY	£2,496	70	3	Flat
£167K	02/21	0.87 mi	10, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP	£1,491	112	3	Flat
£137.5K	06/21	0.88 mi	85, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£2,115	65	3	Flat
£150K	03/23	0.88 mi	21, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£1,705	88	3	Flat
£130K	12/20	0.89 mi	83, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT	£1,781	73	3	Flat
£155K	02/21	0.91 mi	48, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF	£2,246	69	3	Flat
£169.9K	01/21	0.91 mi	156, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AL	£1,888	90	3	Flat
£167.5K	08/23	0.91 mi	52, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,463	68	3	Flat
£164.9K	10/23	0.91 mi	68, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,211	75	3	Flat
£65K	10/23	0.92 mi	186, Western Approach, South Shields, Tyne And Wear NE33 5DP	£756	86	3	Flat
£154K	03/21	0.94 mi	67, Kitchener Terrace, North Shields, Tyne And Wear NE30 2HH	£2,033	76	3	Flat
£57K	12/20	0.95 mi	45, Lyndhurst Street, South Shields, Tyne And Wear NE33 2TA	-	-	3	Flat
£160K	06/21	0.97 mi	22, Park Crescent East, North Shields, Tyne And Wear NE30 2HQ	-	-	3	Flat

Local Rents

11 rents from £470/mo to £2.5K/mo, average is £795/mo.

Rent	Date	Distance	Address	Beds	Type
£575	12/23	0.14 mi	-	3	Flat
£470	09/23	0.3 mi	-	3	Flat
£795	05/24	0.3 mi	Northumbrian Way, North Shields. NE29 6XQ	3	Terraced House
£2,550	02/25	0.39 mi	-	3	Detached House
£650	07/24	0.45 mi	Chirton West View, North Shields. NE29 0EN. SUPER STANDARD	3	Flat
£980	02/25	0.45 mi	-	3	Terraced House
£800	07/24	0.46 mi	Brannen Street, North Shields, NE29	3	Flat
£1,400	07/24	0.47 mi	Linskill Street, North Shields	3	House
£825	05/24	0.51 mi	Epsom Close, North Shields	3	Flat
£725	02/25	0.52 mi	-	3	Flat
£650	06/24	0.53 mi	Chirton West View, North Shields, NE29	3	Flat

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 £499,950

January 9, 2025

Description

3 Bed Penthouse Apartment +
Duplex - Set Over Two Floors +
Stunning Panoramic Views +
High Spec Modern Finish +
Gas Central Heating & Double Glazing +
Balcony +
Allocated Parking +
Leasehold - 244 years remaining +
Council Tax Band F +
EPC Rating B +

A quite stunning duplex penthouse apartment in Smokehouse Two on the banks of the River Tyne. With panoramic views of the mouth of the Tyne and also up river this fantastic apartment is finished to the highest of standards. Completed in 2019 the current owners have added to the already amazing living space. Briefly comprising, to the first level; hallway, main living room and open plan kitchen, bedroom and bathroom/WC. To the second level there are two further bedrooms one of which is the stunning master bedroom with vaulted ceiling and views of the river and en-suite shower room. Gas central heating and double glazing. Allocated parking space.
Viewing essential to appreciate the spaciousness and views.
To arrange a viewing call COOKE & CO.

Agent Details

Cooke & Co, Whitley Bay

0191 625 0863

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Description

Agent Details

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