2 Bed Flat, Single Let, North Shields, NE29 7AN, £80,000

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

Sold STC

Leasehold

BTL

ROI: 10%

~68 m²

+9 photos

ValuationFair Value

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£80,003

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,200£25,200

Cash Out
Rent Range	£595 - £2,000£595 - £2,000
Rent Estimate	£595
Running Costs/mo	£389£389
Cashflow/mo	£206£206
Cashflow/yr	£2,472£2,472
ROI	10%10%
Gross Yield	9%9%

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	11/21	0 mi	2, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN	£978	66	2	Flat
£56K	04/21	0 mi	11, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN	£1,000	56	2	Flat
£50K	03/21	0 mi	13, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN	£862	58	2	Flat
£67K	12/23	0.02 mi	55, Berwick Terrace, North Shields, Tyne And Wear NE29 7AW	£1,015	66	2	Flat
£52K	03/23	0.03 mi	55, Norham Road, North Shields, Tyne And Wear NE29 7AH	£773	67	2	Flat
£59.1K	09/23	0.05 mi	83, Elsdon Terrace, North Shields, Tyne And Wear NE29 7AS	£844	70	2	Flat
£65K	11/20	0.24 mi	8, Wooler Avenue, North Shields, Tyne And Wear NE29 7BD	£1,140	57	2	Flat
£71.5K	10/22	0.28 mi	65, Biddlestone Crescent, North Shields, Tyne And Wear NE29 7JW	£1,133	63	2	Flat
£74K	08/21	0.35 mi	54, Wallsend Road, North Shields, Tyne And Wear NE29 7BJ	£1,175	63	2	Flat
£95K	12/22	0.39 mi	3, Craster Road, North Shields, Tyne And Wear NE29 7DN	£1,284	74	2	Flat
£72K	02/21	0.43 mi	24, St Johns Terrace, North Shields, Tyne And Wear NE29 6HS	£1,071	67	2	Flat
£86K	07/23	0.5 mi	214, Balkwell Avenue, North Shields, Tyne And Wear NE29 7DH	£1,536	56	2	Flat
£102.3K	05/23	0.51 mi	135, Verne Road, North Shields, Tyne And Wear NE29 7DG	£1,704	60	2	Flat
£47K	09/21	0.54 mi	42, Richmond Grove, North Shields, Tyne And Wear NE29 7QZ	-	-	2	Flat
£68K	01/21	0.54 mi	36, Redesdale Grove, North Shields, Tyne And Wear NE29 7DY	£1,172	58	2	Flat
£82.5K	01/21	0.55 mi	2, Glendower Avenue, North Shields, Tyne And Wear NE29 7NP	£1,130	73	2	Flat
£75K	05/21	0.57 mi	45, Langley Road, North Shields, Tyne And Wear NE29 7NN	£1,067	70	2	Flat
£102K	10/21	0.64 mi	28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	-	-	2	Flat
£120K	11/23	0.64 mi	28, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	-	-	2	Flat
£81K	03/23	0.64 mi	15, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	£1,350	60	2	Flat
£120.2K	10/23	0.64 mi	25, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	£2,073	58	2	Flat
£84K	11/20	0.64 mi	54, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	£913	92	2	Flat
£71K	11/22	0.64 mi	18, St Julien Gardens, Wallsend, Tyne And Wear NE28 0DH	£1,365	52	2	Flat
£135K	11/22	0.64 mi	22, Falstaff Road, North Shields, Tyne And Wear NE29 7NS	£1,957	69	2	Flat
£45K	08/23	0.66 mi	15, Silkeys Lane, North Shields, Tyne And Wear NE29 0JT	£672	67	2	Flat
£73K	10/20	0.69 mi	33, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS	£1,000	73	2	Flat
£73K	10/20	0.69 mi	35, Chirton Avenue, North Shields, Tyne And Wear NE29 0JS	£1,000	73	2	Flat
£70K	02/21	0.7 mi	21, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ	£1,147	61	2	Flat
£70K	02/21	0.7 mi	19, Cleveland Gardens, Wallsend, Tyne And Wear NE28 0DQ	£1,186	59	2	Flat
£77.4K	07/21	0.71 mi	23, Billy Mill Avenue, North Shields, Tyne And Wear NE29 0QY	£1,300	60	2	Flat
£77K	07/23	0.73 mi	45, Laing Grove, Wallsend, Tyne And Wear NE28 0DE	£1,435	54	2	Flat
£75K	11/23	0.73 mi	3, Laing Grove, Wallsend, Tyne And Wear NE28 0DE	£1,630	46	2	Flat
£68K	12/23	0.74 mi	3, Redcar Road, Wallsend, Tyne And Wear NE28 0DD	£1,214	56	2	Flat
£110K	11/23	0.76 mi	10, Rutland Place, North Shields, Tyne And Wear NE29 0QT	£1,803	61	2	Flat
£70K	03/23	0.77 mi	35, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,846	38	2	Flat
£55K	08/21	0.77 mi	33, Caroline Gardens, Wallsend, Tyne And Wear NE28 0BZ	£1,078	51	2	Flat
£80.5K	07/21	0.85 mi	1, Coast Road, North Shields, Tyne And Wear NE29 7PQ	£1,201	67	2	Flat
£77.5K	02/21	0.86 mi	14, Grosvenor Gardens, Wallsend, Tyne And Wear NE28 0LW	£1,360	57	2	Flat
£80.5K	06/21	0.87 mi	40, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,395	58	2	Flat
£78K	01/23	0.87 mi	23, Edwin Grove, Wallsend, Tyne And Wear NE28 0LH	£1,300	60	2	Flat
£83K	07/23	0.87 mi	71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER	£1,246	67	2	Flat
£73K	01/21	0.87 mi	85, Collingwood View, North Shields, Tyne And Wear NE29 0ER	£1,265	58	2	Flat
£70K	12/22	0.89 mi	118, Tynemouth Road, Wallsend, Tyne And Wear NE28 0LQ	£1,148	61	2	Flat
£69K	11/22	0.89 mi	23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX	£1,045	66	2	Flat
£75K	04/23	0.9 mi	7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD	£1,003	75	2	Flat
£73.5K	12/20	0.9 mi	17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD	£1,141	64	2	Flat
£92K	06/23	0.9 mi	142, Chirton West View, North Shields, Tyne And Wear NE29 0EN	£1,314	70	2	Flat
£73K	05/23	0.92 mi	54, Lisle Grove, Wallsend, Tyne And Wear NE28 0LS	£1,237	59	2	Flat
£80K	02/23	0.93 mi	17, Brannen Street, North Shields, Tyne And Wear NE29 0EH	£1,174	68	2	Flat
£53.5K	07/21	0.95 mi	98, Seymour Street, North Shields, Tyne And Wear NE29 6SS	£991	54	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£595	05/24	0 mi	Morpeth Terrace, North Shields	2	Flat
£650	10/24	0.02 mi	-	2	Flat
£700	05/24	0.05 mi	Mindrum Terrace, North Shields	2	Flat
£650	05/24	0.05 mi	Mindrum Terrace, North Shields	2	Flat
£595	01/25	0.07 mi	-	2	Flat
£625	02/25	0.08 mi	-	2	Flat
£680	06/24	0.2 mi	-	2	Semi-Detached House
£650	05/24	0.22 mi	Wooler Avenue, North shields , North Shields, Tyne and Wear, NE29 7BD	2	Flat
£600	07/24	0.22 mi	Wooler Avenue, North Shields	2	Flat
£625	05/24	0.31 mi	-	2	Flat
£675	05/24	0.36 mi	Balkwell Avenue, North Shields, Tyne and Wear	2	Flat
£650	07/24	0.37 mi	Balkwell Avenue, North Shields. NE29 7JF	2	Flat
£695	02/25	0.41 mi	-	2	Semi-Detached House
£600	05/24	0.44 mi	Verne Road, North Shields	2	Flat
£630	05/24	0.48 mi	Verne Road, North Shields	2	Flat
£650	06/24	0.53 mi	Richmond Grove, North Shields	2	Flat
£625	06/24	0.54 mi	Verne Road, North Shields	2	Flat
£625	06/24	0.54 mi	Verne Road, North Shields	2	Flat
£650	06/24	0.56 mi	North Shields	2	Flat
£1,450	05/24	0.56 mi	-	2	Flat
£1,550	07/24	0.56 mi	-	2	Flat
£1,550	01/25	0.56 mi	-	2	Flat
£2,000	03/25	0.56 mi	-	2	Flat

Local Area Statistics

Population in NE29	35,92335,923
Population in North Shields	57,93157,931
Town centre distance	1.06 miles away1.06 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.36 miles away0.36 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 £80,000

February 27, 2025

Floor Plans

Description

Two Bedrooms +
Contemporary Kitchen +
Modern Bathroom +
Sunny South Facing Garden +
Spacious First Floor Apartment +
An Abundance of Storage +
Immaculate Condition Throughout +
EPC to Follow +
Council Tax Band A +

This spacious first-floor apartment in the heart of North Shields offers a perfect blend of comfort, style, and flexibility. Currently configured as a two-bedroom home, both bedrooms feature built-in storage, while the layout can very easily be adapted into a three-bedroom apartment to suit your needs. The property boasts a modern bathroom, a contemporary kitchen, and a utility room that could be used as a separate office. One of its standout features is the sunny south-facing garden, which is flooded with natural sunlight, creating the perfect space for relaxation. Ideally located close to local amenities, transport links, and beautiful coastal walks, this home is a fantastic opportunity not to be missed. Contact us today to arrange a viewing! EPC Rating To Follow Council Tax Band A £1,408.23 pa
Tenure - The agent understands the property to be leasehold with 999 years from 4th December 1998 remaining. However, this should be confirmed with a licensed legal representative.

To secure a viewing in the first instance please contact Moving Homes on 0191-2964600 or visit our website movinghomesuk.com.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: C. Tenure: Leasehold,