2 Bed Flat, Single Let, North Shields, NE30 4PJ, £120,000

122 JOHN STREET, CULLERCOATS NE30 4PJ - 2 views - 2 months ago

Under Offer
Leasehold
BTL
ROI: 5%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£79.5K - £305K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£153,070
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,099

Total Cash In

£35,099

 

 

Cash Out

 

Rent Range

£700 - £1,400

Rent Estimate

£740

Running Costs/mo

£543

Cashflow/mo

£197

Cashflow/yr

£2,364

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £79.5K to £305K, average is £151K. £1.1K/m² to £4.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£145K12/220 mi126, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£180.8K10/200.03 mi25, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£173.8K11/230.03 mi39a, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£155K08/230.06 mi4, Braeside Terrace, Whitley Bay, Tyne And Wear NE26 2EF2
£155K10/210.08 mi28, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£170.5K07/230.08 mi20, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£150K06/230.08 mi14, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£190K08/230.08 mi49, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£150K12/200.08 mi29, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£173K03/210.08 mi23, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£152K03/210.09 mi35, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£165K04/210.1 mi19, Naters Street, Whitley Bay, Tyne And Wear NE26 2PG2
£185K12/220.1 mi6, Station Road, Cullercoats, North Shields, Tyne And Wear NE30 4PQ2
£155.1K09/220.12 mi6, Dove Court, North Shields, Tyne And Wear NE30 4QN2
£176K01/230.13 mi72, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ2
£186.5K02/230.14 mi25, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PH2
£279K09/220.14 mi27, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£185K02/230.15 mi31, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£305K10/200.15 mi13, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£232.5K06/210.15 mi3, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£150K05/210.15 mi9, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£295K05/210.15 mi29, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£220K01/230.16 mi10, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR2
£113K05/230.17 miSecond Floor Flat, 30, Whitley Road, Whitley Bay, Tyne And Wear NE26 2NF2
£140K12/220.2 mi9a, Stanley Crescent, Whitley Bay, Tyne And Wear NE26 2EB2
£165K02/210.2 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£196K01/230.2 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£118K05/210.2 mi2a, Devonshire Terrace, Whitley Bay, Tyne And Wear NE26 2EJ2
£90K06/240.28 mi113b, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ET2
£90K07/230.31 mi16, Cheviot View, Whitley Bay, Tyne And Wear NE26 2BE2
£115.5K02/230.31 mi7a, Algernon Place, Whitley Bay, Tyne And Wear NE26 2DT2
£132.5K08/230.42 mi6a, Esplanade, Whitley Bay, Tyne And Wear NE26 2AG2
£127.5K10/200.45 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.45 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.45 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£115K03/210.46 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£120K11/200.47 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£122.5K02/210.48 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£127.5K10/200.48 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£160K08/230.53 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.53 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£82.5K08/240.55 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£130K09/220.55 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£135K11/200.59 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.59 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£79.5K03/210.64 mi18, Whittingham Close, North Shields, Tyne And Wear NE30 3TJ2
£144K03/230.66 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.66 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.66 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£153K12/200.69 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2

Local Rents

28 rents from £700/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79506/240.02 mi-2
£90008/240.11 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£79508/240.12 mi-2
£82508/240.24 mi-2
£97505/240.28 miLinks Road, North Shields2
£77002/250.29 mi-2
£85005/240.31 miBurnside House, Rockcliffe Gardens, Whitley Bay2
£1,10007/240.33 miBeverley Terrace, Cullercoats2
£74008/240.36 mi-2
£74007/240.36 miMarden Road South, Whitley Bay, NE252
£85005/240.41 miFarringdon Road, Marden Estate, North Shields2
£75006/240.45 miVictoria Mews2
£95006/240.46 miEsplanade, Whitley Bay, Tyne and Wear, NE262
£99512/230.48 mi-2
£70006/240.48 miClifton Terrace, Whitley Bay2
£82507/240.48 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AL2
£75005/240.48 miEsplanade, Whitley Bay. NE26 2AL2
£85005/240.49 miSouth Parade, Whitley Bay, Tyne and Wear, NE262
£75012/240.52 miSouth Parade, Whitley Bay2
£80011/230.52 mi-2
£1,10005/240.52 miMontague Apartments, Whitley Bay2
£1,40005/240.52 miMontague Apartments, Whitley Bay2
£1,15006/240.52 miMontague Apartments, Whitley Bay2
£1,15006/240.53 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,40007/240.53 mi55 Esplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£80007/240.55 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£85007/240.57 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2
£89506/240.58 miSouth Parade, Whitley Bay2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

1.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £120,000

February 28, 2025

Listed for £129,950

January 24, 2025

Floor Plans

Description

  • TWO BEDROOM GROUND FLOOR FLAT +
  • RECEPTION ROOM +
  • FITTED KITCHEN +
  • MODERN BATHROOM WC +
  • NO UPPER CHAIN +
  • LEASE IN PROCESS OF BEING EXTENDED +
  • EPC RATING D +

This lovely ground floor flat was built in the 1960s and is perfectly located in a sought after residential area. It displays a variety of modern features, has no upper chain and is ideal for a range of buyers. Please note that the current owners are in the process for extending the lease to this property.

With over 600 square feet of accommodation this property consists of a hallway leading to the reception room which has doors to the kitchen and an inner hallway with access to the bedrooms and bathroom. The kitchen benefits from a range of units, contrasting worktops and space for a cooker and fridge freezer. From the kitchen there is a door to the communal external area. One of the good sized bedrooms has fitted wardrobes and the the modern bathroom benefits from a walk in shower, pedestal wash basin and low level WC.

The fabulous location and huge potential of this property makes for an exciting opportunity which can only truly be appreciated by a visit.

Cullercoats is set around a stunning half-moon bay of soft sandy beach, imposing cliffs, caves and rock pools.
Perfectly located between Tynemouth and Whitley Bay, Cullercoats benefits from all of their associated amenities, whilst maintaining a smaller, more intimate and more exclusive feel.

Communal Entrance -

Reception Room - 5.54m x 3.25m (18'2 x 10'8) -

Kitchen - 3.18m x 2.59m (10'5 x 8'6) -

Bedroom One - 3.76m x 3.25m (12'4 x 10'8) -

Bedroom Two - 3.51m x 3.25m (11'6 x 10'8) -

Bathroom Wc - 2.16m x 1.93m (7'1 x 6'4) -

Agent Details

Embleys Estate Agents, Whitley Bay

0191 625 0931

Next Steps?

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