2 Bed Flat, Single Let, South Shields, NE34 0LG, £94,995

Low Lane, South Shields, Tyne and Wear, NE34 0LG - 2 views - 2 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£37K - £107.5K
Sold Prices/m²£323/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£70,754

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,749

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,699

 

 

Cash Out

 

Rent Range

£475 - £800

Rent Estimate

£520

Running Costs/mo

£421

Cashflow/mo

£99

Cashflow/yr

£1,190

ROI

4%

Gross Yield

7%

Local Sold Prices

38 sold prices from £37K to £107.5K, average is £73.5K. £323/m² to £1.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£95K12/230.02 mi23, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£80K03/210.02 mi12, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£90K10/220.02 mi11, Low Lane, South Shields, Tyne And Wear NE34 0LG2
£90K03/230.14 mi6, Mackley Close, South Shields, Tyne And Wear NE34 0LJ2
£37K06/210.19 mi102, Boldon Lane, South Shields, Tyne And Wear NE34 0BY2
£67.5K12/220.29 mi49, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£50K01/230.29 mi38, Brabourne Street, South Shields, Tyne And Wear NE34 0JZ2
£65K05/210.33 mi58, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£78K06/220.33 mi78, Nora Street, South Shields, Tyne And Wear NE34 0RB2
£74K11/200.37 mi164, Talbot Road, South Shields, Tyne And Wear NE34 0RF2
£37.5K11/200.41 mi17, Egerton Road, South Shields, Tyne And Wear NE34 0QH2
£48K11/200.41 mi157, Talbot Road, South Shields, Tyne And Wear NE34 0RG2
£83.5K10/230.42 mi57, Gordon Road, South Shields, Tyne And Wear NE34 0QR2
£56K03/210.42 mi292, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£107.5K05/210.42 mi326, Stanhope Road, South Shields, Tyne And Wear NE33 4QZ2
£73K01/210.44 mi184, Ashley Road, South Shields, Tyne And Wear NE34 0PQ2
£82K07/220.44 mi10, Crofton Street, South Shields, Tyne And Wear NE34 0QP2
£39.9K07/210.47 mi34, Talbot Road, South Shields, Tyne And Wear NE34 0QJ2
£63K05/220.52 mi13, Cranford Street, South Shields, Tyne And Wear NE34 0QN2
£100K09/230.53 mi64, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£107K08/230.53 mi92, Ashley Road, South Shields, Tyne And Wear NE34 0PD2
£42K11/200.55 mi194, Stanhope Road, South Shields, Tyne And Wear NE33 4ST2
£68K05/210.57 mi313, Stanhope Road, South Shields, Tyne And Wear NE33 4SS2
£84.5K06/210.7 mi125, Birchington Avenue, South Shields, Tyne And Wear NE33 4SB2
£75K06/210.8 mi92, Birchington Avenue, South Shields, Tyne And Wear NE33 4SA2
£68K03/210.83 mi12, Thornton Avenue, South Shields, Tyne And Wear NE33 5SZ2
£65K08/210.84 mi241, Dean Road, South Shields, Tyne And Wear NE33 5LD2
£70K08/210.85 mi386, Dean Road, South Shields, Tyne And Wear NE33 5LL2
£72K06/230.9 mi39, West Park Road, South Shields, Tyne And Wear NE33 4LB2
£90K11/210.92 mi15, Shrewsbury Terrace, South Shields, Tyne And Wear NE33 4LF2
£76.5K06/210.92 mi11, Pembroke Terrace, South Shields, Tyne And Wear NE33 4LG2
£52.5K09/210.93 mi367, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£53K10/230.93 mi387, Taylor Street, South Shields, Tyne And Wear NE33 5AW2
£82.5K09/230.93 mi12, Clifton Terrace, South Shields, Tyne And Wear NE33 4LD2
£74K06/230.96 mi18, Crondall Street, South Shields, Tyne And Wear NE33 4BL2
£45K07/210.96 mi91, Collingwood Street, South Shields, Tyne And Wear NE33 4JZ2
£78K06/210.96 mi22, Newbury Street, South Shields, Tyne And Wear NE33 4UE2
£85K05/230.98 mi19, Birchington Avenue, South Shields, Tyne And Wear NE33 4TY2

Local Rents

28 rents from £475/mo to £800/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65009/230.19 mi-2
£65009/230.19 mi-2
£60008/240.2 mi-2
£75003/250.21 mi-2
£79505/240.23 miBluebell Way, South Shields, Tyne and Wear, NE34 0BZ2
£67002/250.28 mi-2
£65003/250.28 mi-2
£65012/240.29 miLow Lane, South Shields, Tyne And Wear, NE342
£62512/230.3 mi-2
£65006/240.35 miWestcott Road, South Shields2
£60012/230.36 mi-2
£50006/240.38 miWest Harton, South Shields, NE34 0JR2
£62505/240.41 miGordon Road, South Shields, Tyne and Wear, NE342
£65010/230.46 mi-2
£79505/240.46 miNora Street, South Shields2
£65006/240.47 miTalbot Road, South Shields, South Tyneside2
£52009/230.47 mi-2
£58509/240.47 mi-2
£75003/250.48 mi-2
£60011/230.49 mi-2
£60004/250.5 mi-2
£80007/240.52 miLawrence Avenue, South Shields2
£60004/250.52 mi-2
£77505/240.52 miCollin Drive, South Shields2
£62506/240.53 miAshley Road, South Shields2
£47512/240.55 mi33 Revesby Street South Shields NE33 4SY2
£52003/240.55 mi-2
£72504/250.55 mi-2

Local Area Statistics

Population in NE34

52,101

Population in South Shields

79,432

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £94,995

March 7, 2025

Description

  • Perfect Property For First Time Buyers +
  • Direct Access To John Reid Road +
  • Walking Distance To Tyne Dock Metro +
  • Spacious Property +
  • Open Plan Living, Kitchen and Dining +
  • Allocated Car Park +
  • Decoreated To A High Standard +
  • First Floor Property +
  • Juliet Balcony In Living Area +
  • Walk In Wardrobe +

Located in a prime position on Low Lane, this well-presented two-bedroom first-floor apartment offers a fantastic opportunity for first-time buyers, downsizers, and small families. With an easy-flow floor plan—one of the most seamless layouts in the apartment block—this home is both practical and stylish.

Ideal Location Just a short walk from Tyne Dock Metro, this apartment provides excellent transport links, with direct access to John Reid Road and a range of local amenities close by. Whether you’re commuting or enjoying the surrounding conveniences, this location is hard to beat.

Thoughtfully Designed Interior Step inside to discover wooden flooring running throughout, complemented by cream carpets in the bedrooms for a cosy touch. The central hallway leads through the home, with both bedrooms positioned on the left and the open-plan living, dining, and kitchen area on the right. The family bathroom sits straight ahead, offering a well-balanced layout that enhances both privacy and functionality.

Bedrooms & Bathroom The master bedroom is spacious and accommodates a double bed with a chest of drawers, while a walk-in wardrobe at the bottom of the room adds convenience and ample storage. The second bedroom is currently used as a home office but is versatile enough to be transformed into a guest bedroom, nursery, dressing room, or additional workspace. The bathroom follows a chic monochrome design, featuring crisp white wall tiles, mosaic mirrored tiles in the bath/shower, and black flooring for a modern contrast. It includes a full-size bath with an overhead shower, basin, and toilet.

Open-Plan Living Area with Juliet Balcony The heart of this home is the open-plan family room, seamlessly combining the kitchen, dining, and living area. Wood flooring flows throughout, enhancing the sense of space. Large windows and a Juliet balcony invite in plenty of natural light, making this the perfect spot to relax—especially on a gorgeous summer day. The neutral décor complements modern trends, making it easy to personalise.

Contemporary Kitchen Featuring wooden base and wall units, this kitchen is both stylish and practical. A monochrome mosaic backsplash pairs beautifully with the black countertops, adding a sleek and timeless aesthetic.

Additional Benefits Allocated parking space for convenience. Low service charge of £96 per month and annual maintenance fee of £240. 120 years remaining.

If you’re looking for a modern, move-in-ready apartment in a fantastic location, this could be the perfect home for you. Get in touch today to arrange a viewing!

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

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