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

211 Morpeth Terrace, North Shields, NE29 7AN - a month 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

£80,003

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,238

Stamp Duty & Legal Fees

£5,448

Total Cash In

£26,685

 

 

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 
£65K11/210.01 mi2, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£56K04/210.01 mi11, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£50K03/210.01 mi13, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN2
£52K03/230.02 mi55, Norham Road, North Shields, Tyne And Wear NE29 7AH2
£67K12/230.03 mi55, Berwick Terrace, North Shields, Tyne And Wear NE29 7AW2
£59.1K09/230.05 mi83, Elsdon Terrace, North Shields, Tyne And Wear NE29 7AS2
£65K11/200.23 mi8, Wooler Avenue, North Shields, Tyne And Wear NE29 7BD2
£71.5K10/220.27 mi65, Biddlestone Crescent, North Shields, Tyne And Wear NE29 7JW2
£74K08/210.34 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
£47K09/210.53 mi42, Richmond Grove, North Shields, Tyne And Wear NE29 7QZ2
£68K01/210.54 mi36, Redesdale Grove, North Shields, Tyne And Wear NE29 7DY2
£82.5K01/210.55 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
£71K11/220.65 mi18, St Julien Gardens, Wallsend, Tyne And Wear NE28 0DH2
£45K08/230.66 mi15, Silkeys Lane, North Shields, Tyne And Wear NE29 0JT2
£73K10/200.68 mi33, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS2
£73K10/200.68 mi35, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS2
£77.4K07/210.71 mi23, Billy Mill Avenue, North Shields, Tyne And Wear NE29 0QY2
£70K02/210.71 mi21, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£70K02/210.71 mi19, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ2
£77K07/230.74 mi45, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£75K11/230.74 mi3, Laing Grove, Wallsend, Tyne And Wear NE28 0DE2
£68K12/230.75 mi3, Redcar Road, Wallsend, Tyne And Wear NE28 0DD2
£110K11/230.75 mi10, Rutland Place, North Shields, Tyne And Wear NE29 0QT2
£70K03/230.78 mi35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£55K08/210.78 mi33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ2
£80.5K07/210.85 mi1, Coast Road, North Shields, Tyne And Wear NE29 7PQ2
£83K07/230.86 mi71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£73K01/210.86 mi85, Collingwood View, North Shields, Tyne And Wear NE29 0ER2
£77.5K02/210.87 mi14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW2
£80.5K06/210.88 mi40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£78K01/230.88 mi23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH2
£69K11/220.88 mi23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX2
£75K04/230.89 mi7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£73.5K12/200.89 mi17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD2
£92K06/230.89 mi142, Chirton West View, North Shields, Tyne And Wear NE29 0EN2
£70K12/220.9 mi118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ2
£80K02/230.92 mi17, Brannen Street, North Shields, Tyne And Wear NE29 0EH2
£73K05/230.93 mi54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS2
£53.5K07/210.94 mi98, Seymour Street, North Shields, Tyne And Wear NE29 6SS2

Local Rents

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

RentDateDistanceAddressBeds 
£59505/240.01 miMorpeth Terrace, North Shields2
£65010/240.02 mi-2
£70005/240.04 miMindrum Terrace, North Shields2
£65005/240.04 miMindrum Terrace, North Shields2
£59501/250.06 mi-2
£62502/250.07 mi-2
£68006/240.19 mi-2
£65005/240.21 miWooler Avenue, North shields , North Shields, Tyne and Wear, NE29 7BD2
£60007/240.22 miWooler Avenue, North Shields2
£62505/240.31 mi-2
£67505/240.36 miBalkwell Avenue, North Shields, Tyne and Wear2
£65007/240.36 miBalkwell Avenue, North Shields. NE29 7JF2
£69502/250.41 mi-2
£60005/240.44 miVerne Road, North Shields2
£63005/240.48 miVerne Road, North Shields2
£65006/240.53 miRichmond Grove, North Shields2
£62506/240.53 miVerne Road, North Shields2
£62506/240.53 miVerne Road, North Shields2
£65006/240.55 miNorth Shields2
£1,45005/240.56 mi-2
£1,55007/240.56 mi-2
£1,55001/250.56 mi-2
£2,00003/250.56 mi-2

Local Area Statistics

Population in NE29

35,923

Population in North Shields

57,931

Town centre distance

1.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.36 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 24, 2025

Floor Plans

Description

Fresh Property Centre are pleased to offer for sale this ground floor flat on Morpeth Terrace, North Shields. This delightful flat offers a perfect blend of comfort and convenience and comprises two well-proportioned bedrooms. The flat also features a welcoming reception room, making the property ideal for small families, couples, or individuals seeking a peaceful retreat. The bathroom is thoughtfully designed, ensuring both functionality and style. The layout of the flat maximises space, creating an inviting atmosphere throughout.

Situated in North Shields, the area is well-connected, with public transport options readily available. This flat presents an excellent opportunity for those looking to embrace a comfortable lifestyle in a vibrant community. Viewing is recommended.

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 💪