3 Bed Flat, Single Let, North Shields, NE29 0JR, £85,000

Chirton Green, North Shields, Tyne and Wear, NE29 0JR - 14 days ago

Leasehold

BTL

ROI: 2%

~93 m²

+2 photos

ValuationUndervalued

Sold Prices	£52K - £295K
Sold Prices/m²	£703/m² - £2.5K/m²

Square Metres	~93 m²
Price/m²	£914/m²
Value Estimate	£102,000£102,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£5,450£5,450
Total Cash In	£26,700£26,700

Cash Out
Rent Range	£470 - £1,200£470 - £1,200
Rent Estimate	£400
Running Costs/mo	£366£366
Cashflow/mo	£34£34
Cashflow/yr	£413£413
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

40 sold prices from £52K to £295K, average is £123.8K. £703/m² to £2.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£86.5K	01/21	0.14 mi	2, The Nook, North Shields, Tyne And Wear NE29 0JL	£1,185	73	3	Flat
£80.5K	01/21	0.27 mi	21b, Lansdowne Terrace West, North Shields, Tyne And Wear NE29 0RW	£1,319	61	3	Flat
£130K	11/22	0.28 mi	12b, Hylton Terrace, North Shields, Tyne And Wear NE29 0EE	-	-	3	Flat
£107K	05/23	0.3 mi	112, West Percy Street, North Shields, Tyne And Wear NE29 0DB	£1,446	74	3	Flat
£83K	05/21	0.39 mi	22, Balkwell Green, North Shields, Tyne And Wear NE29 7HY	£1,177	71	3	Flat
£115K	04/21	0.43 mi	4, Waterville Terrace, North Shields, Tyne And Wear NE29 6RW	-	-	3	Flat
£106K	09/23	0.44 mi	71, Verne Road, North Shields, Tyne And Wear NE29 7LS	£1,821	58	3	Flat
£137K	03/23	0.5 mi	22, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£1,986	69	3	Flat
£150.1K	11/20	0.5 mi	42, Cleveland Avenue, North Shields, Tyne And Wear NE29 0NU	£2,028	74	3	Flat
£102.3K	05/23	0.51 mi	133, Verne Road, North Shields, Tyne And Wear NE29 7DG	£1,420	72	3	Flat
£169.9K	01/21	0.52 mi	156, Queen Alexandra Road, North Shields, Tyne And Wear NE29 9AL	£1,888	90	3	Flat
£110K	10/22	0.53 mi	51, Blucher Road, North Shields, Tyne And Wear NE29 6XJ	£1,410	78	3	Flat
£295K	01/23	0.54 mi	46a, Alma Place, North Shields, Tyne And Wear NE29 0LY	£2,092	141	3	Flat
£166K	03/23	0.62 mi	48, Tennyson Terrace, North Shields, Tyne And Wear NE29 6LW	£2,406	69	3	Flat
£155K	08/23	0.63 mi	122, Haswell Gardens, North Shields, Tyne And Wear NE30 2DR	-	-	3	Flat
£74K	12/22	0.64 mi	7, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN	£1,104	67	3	Flat
£150K	01/24	0.66 mi	23, Haswell Gardens, North Shields, Tyne And Wear NE30 2DP	£2,055	73	3	Flat
£52K	03/23	0.67 mi	57, Norham Road, North Shields, Tyne And Wear NE29 7AH	£703	74	3	Flat
£58K	10/21	0.67 mi	13, Norham Road, North Shields, Tyne And Wear NE29 7AH	£853	68	3	Flat
£56K	04/21	0.7 mi	9, Morpeth Terrace, North Shields, Tyne And Wear NE29 7AN	£949	59	3	Flat
£136.3K	06/21	0.72 mi	22, Military Road, North Shields, Tyne And Wear NE30 2AB	£1,919	71	3	Flat
£125K	03/21	0.75 mi	107, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,576	79	3	Flat
£118K	03/21	0.75 mi	87, Trevor Terrace, North Shields, Tyne And Wear NE30 2DF	£1,513	78	3	Flat
£116K	01/21	0.76 mi	74, Belford Terrace, North Shields, Tyne And Wear NE30 2BZ	£1,634	71	3	Flat
£180K	04/23	0.77 mi	25, Fontburn Terrace, North Shields, Tyne And Wear NE30 2AE	£2,250	80	3	Flat
£137.5K	06/21	0.78 mi	85, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£2,115	65	3	Flat
£150K	03/23	0.78 mi	21, Belford Terrace, North Shields, Tyne And Wear NE30 2DA	£1,705	88	3	Flat
£130K	12/20	0.78 mi	83, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BT	£1,781	73	3	Flat
£167.5K	08/23	0.79 mi	52, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,463	68	3	Flat
£164.9K	10/23	0.79 mi	68, Bamborough Terrace, North Shields, Tyne And Wear NE30 2BU	£2,211	75	3	Flat
£110K	06/21	0.82 mi	57, Salisbury Avenue, North Shields, Tyne And Wear NE29 9PD	£1,667	66	3	Flat
£78K	12/20	0.85 mi	1, St James Terrace, North Shields, Tyne And Wear NE29 6HZ	£1,040	75	3	Flat
£127K	07/21	0.86 mi	41, North King Street, North Shields, Tyne And Wear NE30 2HS	£1,984	64	3	Flat
£84K	11/20	0.86 mi	41, North King Street, North Shields, Tyne And Wear NE30 2HS	£1,313	64	3	Flat
£122.5K	09/21	0.86 mi	44, Rosebery Avenue, North Shields, Tyne And Wear NE29 9PQ	£1,655	74	3	Flat
£152K	07/23	0.92 mi	49a, Park Crescent, North Shields, Tyne And Wear NE30 2HR	£2,106	72	3	Flat
£65K	05/21	0.93 mi	16, River Drive, South Shields, Tyne And Wear NE33 1TL	-	-	3	Flat
£105K	11/20	0.95 mi	28, Coburg Street, North Shields, Tyne And Wear NE30 2HX	£1,045	101	3	Flat
£167K	02/21	0.97 mi	10, Rosedale Terrace, North Shields, Tyne And Wear NE30 2HP	£1,491	112	3	Flat
£175K	03/23	0.98 mi	65, Jackson Street, North Shields, Tyne And Wear NE30 2HY	£2,496	70	3	Flat

Local Rents

29 rents from £470/mo to £1.2K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£650	07/24	0.03 mi	Lilburn Street, North Shields, Tyne & Wear, NE29	3	Flat
£800	12/24	0.04 mi	Silkeys Lane, North Shields, Tyne and Wear	3	Flat
£1,100	06/24	0.04 mi	Chirton Green, North Shields, Tyne & Wear, NE29	3	Terraced House
£650	06/24	0.19 mi	Chirton West View, North Shields, NE29	3	Flat
£725	01/25	0.2 mi	-	3	Flat
£650	07/24	0.24 mi	Chirton West View, North Shields. NE29 0EN. SUPER STANDARD	3	Flat
£800	07/24	0.25 mi	Brannen Street, North Shields, NE29	3	Flat
£1,000	04/24	0.31 mi	-	3	Terraced House
£1,000	04/24	0.31 mi	-	3	Terraced House
£825	05/24	0.32 mi	Epsom Close, North Shields	3	Flat
£980	03/25	0.33 mi	-	3	Terraced House
£800	10/23	0.4 mi	-	3	Terraced House
£1,000	10/23	0.4 mi	-	3	Terraced House
£900	03/25	0.4 mi	-	3	Terraced House
£650	05/24	0.47 mi	Verne Road, North Shields	3	Flat
£800	07/24	0.48 mi	Milton Terrace, North Shields	3	Flat
£750	11/23	0.49 mi	-	3	Flat
£750	05/24	0.53 mi	Verne Road, North Shields, Newcastle Upon Tyne, Tyne and Wear, NE29 7DQ	3	Flat
£600	05/24	0.54 mi	Verne Road, North Shields	3	Flat
£575	12/23	0.54 mi	-	3	Flat
£950	07/24	0.55 mi	Ford Avenue, North Shields, NE29	3	Semi-Detached House
£470	09/23	0.55 mi	-	3	Flat
£950	02/24	0.57 mi	-	3	Flat
£1,200	11/24	0.58 mi	-	3	Semi-Detached House
£950	06/24	0.59 mi	Brahman Avenue, North Shields, NE29	3	Terraced House
£950	05/24	0.59 mi	Balmoral Gardens, North Shields	3	Detached House
£850	06/24	0.6 mi	Angus Crescent, North Shields	3	House
£850	06/24	0.6 mi	Angus Crescent, North Shields	3	House
£795	05/24	0.62 mi	Northumbrian Way, North Shields. NE29 6XQ	3	Terraced House

Local Area Statistics

Population in NE29	35,92335,923
Population in North Shields	57,93157,931
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.45 miles away0.45 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 £85,000

March 20, 2025

Description

Tenented investment +
Three Bedrooms +
Popular Location +

Pattinsons are delighted to welcome to the market this three-bedroom upper flat. Offering easy access to local shops, amenities, and bus routes/transport links, this property is ideally situated for convenience and practicality. Currently tenanted paying £400pcm

The accommodation briefly comprises: an entrance hall, three well-proportioned bedrooms, a comfortable lounge, a fitted kitchen, and a bathroom. To the rear of the property, there is a private yard.

This property presents an excellent investment opportunity with a tenant in situ. Early viewing is recommended to fully appreciate its potential.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 977