2 Bed Flat, Single Let, North Shields, NE29 7AN, £84,950

Morpeth Terrace, North Shields, North Tyneside, NE29 7AN - 2 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£45K - £135K
Sold Prices/m²£672/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£79,954

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,238

Stamp Duty & Legal Fees

£3,749

Total Cash In

£24,986

 

 

Cash Out

 

Rent Range

£595 - £2,000

Rent Estimate

£595

Running Costs/mo

£404

Cashflow/mo

£191

Cashflow/yr

£2,286

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £45K to £135K, average is £73.3K. £672/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£52K03/230.02 mi55, Norham Road, North Shields, Tyne And Wear NE29 7AH2
£65K11/210.02 mi2, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£56K04/210.02 mi11, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£50K03/210.02 mi13, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£59.1K09/230.04 mi83, Elsdon Terrace, North Shields, Tyne And Wear NE29 7AS2
£67K12/230.04 mi55, Berwick Terrace, North Shields, Tyne And Wear NE29 7AW2
£65K11/200.22 mi8, Wooler Avenue, North Shields, Tyne And Wear NE29 7BD2
£71.5K10/220.26 mi65, Biddlestone Crescent, North Shields, Tyne And Wear NE29 7JW2
£74K08/210.33 mi54, Wallsend Road, North Shields, Tyne And Wear NE29 7BJ2
£95K12/220.39 mi3, Craster Road, North Shields, Tyne And Wear NE29 7DN2
£72K02/210.42 mi24, St Johns Terrace, North Shields, Tyne And Wear NE29 6HS2
£86K07/230.49 mi214, Balkwell Avenue, North Shields, Tyne And Wear NE29 7DH2
£102.3K05/230.5 mi135, Verne Road, North Shields, Tyne And Wear NE29 7DG2
£47K09/210.52 mi42, Richmond Grove, North Shields, Tyne And Wear NE29 7QZ2
£68K01/210.54 mi36, Redesdale Grove, North Shields, Tyne And Wear NE29 7DY2
£82.5K01/210.54 mi2, Glendower Avenue, North Shields, Tyne And Wear NE29 7NP2
£75K05/210.57 mi45, Langley Road, North Shields, Tyne And Wear NE29 7NN2
£102K10/210.63 mi28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£120K11/230.63 mi28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£81K03/230.63 mi15, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£120.2K10/230.63 mi25, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£84K11/200.63 mi54, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£135K11/220.64 mi22, Falstaff Road, North Shields, Tyne And Wear NE29 7NS2
£45K08/230.64 mi15, Silkeys Lane, North Shields, Tyne And Wear NE29 0JT2
£73K10/200.66 mi33, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS2
£73K10/200.66 mi35, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS2
£71K11/220.67 mi18, St Julien Gardens, Wallsend, Tyne And Wear NE28 0DH2
£77.4K07/210.69 mi23, Billy Mill Avenue, North Shields, Tyne And Wear NE29 0QY2
£70K02/210.73 mi21, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£70K02/210.73 mi19, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£110K11/230.74 mi10, Rutland Place, North Shields, Tyne And Wear NE29 0QT2
£77K07/230.75 mi45, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£75K11/230.75 mi3, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£68K12/230.76 mi3, Redcar Road, Wallsend, Tyne And Wear NE28 0DD2
£70K03/230.79 mi35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£55K08/210.79 mi33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£80.5K07/210.84 mi1, Coast Road, North Shields, Tyne And Wear NE29 7PQ2
£83K07/230.85 mi71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£73K01/210.85 mi85, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£69K11/220.87 mi23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX2
£75K04/230.88 mi7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£73.5K12/200.88 mi17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£92K06/230.88 mi142, Chirton West View, North Shields, Tyne And Wear NE29 0EN2
£77.5K02/210.88 mi14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW2
£80.5K06/210.89 mi40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£78K01/230.89 mi23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£80K02/230.9 mi17, Brannen Street, North Shields, Tyne And Wear NE29 0EH2
£70K12/220.91 mi118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ2
£53.5K07/210.93 mi98, Seymour Street, North Shields, Tyne And Wear NE29 6SS2
£73K05/230.94 mi54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS2

Local Rents

24 rents from £595/mo to £2K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£59505/240.02 miMorpeth Terrace, North Shields2
£70005/240.03 miMindrum Terrace, North Shields2
£65005/240.03 miMindrum Terrace, North Shields2
£65010/240.04 mi-2
£59501/250.05 mi-2
£62502/250.07 mi-2
£68006/240.18 mi-2
£65005/240.2 miWooler Avenue, North shields , North Shields, Tyne and Wear, NE29 7BD2
£60007/240.2 miWooler Avenue, North Shields2
£62505/240.3 mi-2
£67505/240.35 miBalkwell Avenue, North Shields, Tyne and Wear2
£65007/240.35 miBalkwell Avenue, North Shields. NE29 7JF2
£69502/250.41 mi-2
£60005/240.43 miVerne Road, North Shields2
£63005/240.48 miVerne Road, North Shields2
£65006/240.51 miRichmond Grove, North Shields2
£62506/240.53 miVerne Road, North Shields2
£62506/240.53 miVerne Road, North Shields2
£65006/240.54 miNorth Shields2
£1,45005/240.54 mi-2
£1,55007/240.54 mi-2
£1,55001/250.54 mi-2
£2,00003/250.54 mi-2
£65006/240.61 miFront Terrace, North Shields, NE292

Local Area Statistics

Population in NE29

35,923

Population in North Shields

57,931

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-14%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £84,950

February 5, 2025

Floor Plans

Description

  • Four piece bathroom +
  • Private yard +
  • Boarded loft +

Fresh Property Centre are pleased to offer for sale this end terrace upper flat, situated on Morpeth Terrace, North Shields. The accommodation comprises; entrance lobby, landing, lounge, modern kitchen, two bedrooms and a four piece bathroom. Externally there is a pleasant private yard to the rear. The property has a boarded loft for storage and benefits from gas central heating and double glazing. Tastefully presented the property would make an ideal first time buy.

Agent Details

Fresh Property Centre, North Shields

0191 625 1006

Next Steps?

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