2 Bed House, Single Let, North Shields, NE30 1NE, £119,000

Union Stairs, North Shields Quay, NE30 1NE - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£68.5K - £360K
Sold Prices/m²£761/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£147,560
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,750

Stamp Duty & Legal Fees

£4,770

Total Cash In

£34,520

 

 

Cash Out

 

Rent Range

£475 - £1,545

Rent Estimate

£566

Running Costs/mo

£505

Cashflow/mo

£61

Cashflow/yr

£731

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £68.5K to £360K, average is £151.3K. £761/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£166.5K02/230.12 mi11, Stephenson Street, North Shields, Tyne And Wear NE30 1ES2
£68.5K12/200.16 mi43, Laet Street, North Shields, Tyne And Wear NE29 6NN2
£102.5K11/230.26 mi57, Trinity Street, North Shields, Tyne And Wear NE29 6LZ2
£130K08/210.28 mi12, Spencer Street, North Shields, Tyne And Wear NE29 6RF2
£123.5K03/240.32 mi91, West Percy Street, North Shields, Tyne And Wear NE29 0DJ2
£126.5K01/240.35 mi12, Kielder Terrace, North Shields, Tyne And Wear NE30 2AD2
£140K10/230.36 mi6, North King Street, North Shields, Tyne And Wear NE30 2EA2
£142.5K10/200.37 mi147a, Grey Street, North Shields, Tyne And Wear NE30 2EH2
£143.5K03/230.42 mi5, Henry Street, North Shields, Tyne And Wear NE29 6SH2
£84K03/230.43 mi6a, Hylton Terrace, North Shields, Tyne And Wear NE29 0EE2
£195K11/230.45 mi111, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£155K12/200.45 mi84, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£220K09/230.45 mi90, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£185K07/230.45 mi110, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£183.5K04/230.45 mi107, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£155K02/210.45 mi1, Whitby Street, North Shields, Tyne And Wear NE30 2HU2
£163K11/200.46 mi47, Brock Farm Court, North Shields, Tyne And Wear NE30 2BH2
£269.9K08/230.46 mi13, Lovaine Terrace, North Shields, Tyne And Wear NE29 0HJ2
£105K07/220.47 mi26, Long Row, South Shields, Tyne And Wear NE33 1JA2
£137K11/200.47 mi116, Grey Street, North Shields, Tyne And Wear NE30 2EG2
£360K12/230.49 mi24, Harbour View, South Shields, Tyne And Wear NE33 1LR2
£133K05/230.49 mi60, Collingwood View, North Shields, Tyne And Wear NE29 0ET2
£265K09/230.49 mi54, Brightman Road, North Shields, Tyne And Wear NE29 0HP2
£218.6K06/230.49 mi38, Princes Street, North Shields, Tyne And Wear NE30 2HZ2
£150K01/210.5 mi6, Beacon Street, South Shields, Tyne And Wear NE33 2AU2
£187.5K12/220.5 mi79, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR2
£149K11/200.5 mi50, Haswell Gardens, North Shields, Tyne And Wear NE30 2DP2
£220K12/210.51 mi20, Park Crescent, North Shields, Tyne And Wear NE30 2HR2
£250K10/230.52 mi3, Grosvenor Place, North Shields, Tyne And Wear NE29 0NH2
£225K11/210.53 mi48, Jackson Street, North Shields, Tyne And Wear NE30 2HY2
£162K05/230.53 mi65, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF2
£210K06/210.54 mi20, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP2
£148K02/210.56 mi4, Captains Wharf, South Shields, Tyne And Wear NE33 1JQ2
£152.5K07/230.56 mi40, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ2
£108K10/200.57 mi161, Northumbrian Way, North Shields, Tyne And Wear NE29 6XW2
£118.5K01/210.57 mi147, Northumbrian Way, North Shields, Tyne And Wear NE29 6XW2
£120K01/240.57 mi205, Northumbrian Way, North Shields, Tyne And Wear NE29 6XW2
£155K12/200.57 mi49, Captains Wharf, South Shields, Tyne And Wear NE33 1JQ2
£150K09/230.57 mi11, Captains Wharf, South Shields, Tyne And Wear NE33 1JQ2
£234.8K01/210.57 mi58, Donkin Terrace, North Shields, Tyne And Wear NE30 2HF2
£299.9K06/230.59 mi50, Washington Terrace, North Shields, Tyne And Wear NE30 2HG2
£122K02/210.59 mi130, Gardner Park, North Shields, Tyne And Wear NE29 0EB2
£155.5K05/230.59 mi74, Gardner Park, North Shields, Tyne And Wear NE29 0EB2
£160K06/210.59 mi86, Gardner Park, North Shields, Tyne And Wear NE29 0EB2
£148K12/220.59 mi63, Northumbrian Way, North Shields, Tyne And Wear NE29 6XG2
£108K02/210.59 mi129, Northumbrian Way, North Shields, Tyne And Wear NE29 6XG2
£132K05/240.59 mi85, Northumbrian Way, North Shields, Tyne And Wear NE29 6XG2
£110K03/230.59 mi3, Livingstone Place, South Shields, Tyne And Wear NE33 2DZ2
£80.5K10/210.59 mi20, Livingstone Place, South Shields, Tyne And Wear NE33 2DZ2
£155K03/230.6 mi12, Trajan Street, South Shields, Tyne And Wear NE33 2AW2

Local Rents

50 rents from £475/mo to £1.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£82507/240 miUnion Stairs, North Shields, NE302
£90007/240.02 miUnion Stairs, North Shields, Tyne and Wear, NE30 1NE2
£75006/240.02 miUnion Stairs, North Shields2
£70006/240.06 mi-2
£70006/240.06 miDolphin Quay, North Shields, NE292
£72505/240.09 miNorfolk Street, North Shields2
£77506/240.09 mi-2
£75008/240.09 mi-2
£75006/240.09 miSaville Street, North Shields, NE302
£72512/240.09 mi-2
£72512/240.1 mi-2
£69505/240.13 miLower Rudyerd Street, North Shields2
£1,40005/240.14 miShepherds Quay, Clive Street, North Shields, NE29 6LF2
£55007/240.17 miRudyerd Street, North Shields, NE292
£60011/240.18 mi-2
£1,10006/240.18 miApartment 3, Block C, Shepherds Quay, North Shields, NE29 6LJ2
£59507/240.2 miLaet Street, North Shields. NE29 6NN2
£47509/230.21 mi-2
£1,10003/250.23 mi-2
£65003/240.24 miStephenson House, Stephenson Street, North Shields, Tyne & Wear, NE302
£86511/240.26 mi-2
£90005/240.26 miThe Chain Locker, Duke Street, North Shields, Tyne and Wear, NE29 6HB2
£1,15012/230.26 mi-2
£57507/240.27 miAddison Street, North Shields, NE29 6LR2
£69502/250.27 mi-2
£65005/240.27 miWilliam Street West, North Shields, Tyne and Wear, NE29 6RL2
£65005/240.32 miWest Percy Street, North Shields2
£80005/240.33 miDuke Street, Smiths Dock, North Shields2
£1,00007/240.33 miSmokehouse One, North Shields2
£1,00005/240.33 miUnion Quay, North Shields2
£1,25005/240.34 miSmokehouse Two, Duke Street, Smiths Dock, North Shields, NE292
£65006/240.35 miStanley Street West, North Shields2
£86501/250.35 mi-2
£69507/240.36 miGrey Street, North Shields2
£62201/250.36 mi-2
£80006/240.37 miRiver Drive, South Shields2
£1,54502/240.37 mi-2
£72512/240.38 mi-2
£1,00005/240.38 miThe Irvin Building, North Shields, Tyne & Wear, NE302
£75005/240.38 miMilitary Road, North Shields2
£80005/240.38 miHowdon Road, North Shields2
£55005/240.38 miVicarage Street, North Shields. NE29 6SJ2
£1,25007/240.38 miIrvin Building, North Shields. NE30 1BH **STUNNING APARTMENT**2
£75006/240.39 miHowdon Road, North Shields, NE292
£79506/240.39 miDrummond Terrace, North Shields, Tyne and Wear, NE302
£67506/240.39 miWest Percy Street, North Shields. NE29 0BY2
£85001/250.41 mi-2
£92508/240.41 miHarbour Apartments, East Percy Street2
£69512/240.41 mi-2
£89507/240.42 mi-2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £119,000

February 21, 2025

Floor Plans

Description

  • Beautifully Located on the Banks of North Shields Quay +
  • Stunning Views from the Secured Courtyard Area +
  • Stylish and Well Presented Two Story Family Home +
  • Gated Access, Secure, Underground Parking +
  • Lift within Block, Secure Entry System, Hallway +
  • First Floor Lounge/Dining Room with Dual Aspect +
  • Fitted Kitchen with Integrated Appliances +
  • Ground Floor Bathroom with Shower +
  • Two Spacious Bedrooms +
  • Close to Vibrant Restaurants, Bars, Metro and Town Centre +

Superbly located, enjoying an elevated position on the banks of our vibrant North Shields Quay, with panoramic views from the Courtyard area over the river. Just a short walk from the bustling Quay with restaurants, bars and local, independent shops. Close to North Shields town centre, Metro, bus routes and approximately a 15-20 minute walk from Tynemouth Village and beach. Union Stairs is a contemporary, gated development overlooking the river, with secure entry system and fobbed gates providing access to both the courtyard and the under-ground parking area. Our two story property enjoys a lift within the block and spacious room sizes with a secure entry system, hallway with storage, ground floor bathroom with shower, two bedrooms, bathroom with shower, turned staircase up to the first floor. The superb sized lounge enjoys a dual aspect with side river views and measurements of 19'5 x 12'6, flowing into the kitchen area, also benefiting from integrated appliances. The property benefits from gas radiator central heating system and double glazing. Secure, allocated parking bay, communal courtyard town gardens. Long Lease of: 999 years from 1/1/1997 - with 917 years remaining. Management Fee and Ground Rent: £200 per month. Gas, Electric, Water, Heating, Drainage: Mains Connected. Broadband: Fibre, Mobile Phone Blackspot: No

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?

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