2 Bed Flat, Single Let, North Shields, NE29 6BZ, £200,000

Smokehouse Two, North Shields, NE29 6BZ - 22 days ago

Leasehold

BTL

~65 m²

+9 photos

ValuationOvervalued

Sold Prices	£45K - £340K
Sold Prices/m²	£710/m² - £2.4K/m²

Square Metres	~64.55 m²
Price/m²	£3.1K/m²
Value Estimate	£84,479£84,479

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£62,700£62,700

Cash Out
Rent Range	£475 - £1,400£475 - £1,400
Rent Estimate	£550
Running Costs/mo	£755£755
Cashflow/mo	£-205£-205
Cashflow/yr	£-2,460£-2,460
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £45K to £340K, average is £109K. £710/m² to £2.4K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£260K	06/24	0.09 mi	8 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA	-	-	2	Flat
£240K	02/21	0.09 mi	24 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA	-	-	2	Flat
£340K	05/23	0.09 mi	2 Collingwood Mansions, New Quay, North Shields, Tyne And Wear NE29 6HA	-	-	2	Flat
£88K	06/21	0.19 mi	24, Yeoman Street, North Shields, Tyne And Wear NE29 6NL	£1,309	67	2	Flat
£152.5K	06/24	0.25 mi	19, Long Row, South Shields, Tyne And Wear NE33 1JA	£2,383	64	2	Flat
£147.4K	04/24	0.25 mi	22, Long Row, South Shields, Tyne And Wear NE33 1JA	£2,403	61	2	Flat
£69K	04/21	0.25 mi	47, Seymour Street, North Shields, Tyne And Wear NE29 6SN	£972	71	2	Flat
£53.5K	07/21	0.28 mi	98, Seymour Street, North Shields, Tyne And Wear NE29 6SS	£991	54	2	Flat
£101.7K	03/24	0.29 mi	45, River Drive, South Shields, Tyne And Wear NE33 1TL	£1,240	82	2	Flat
£67K	01/21	0.3 mi	37, Stanley Street, North Shields, Tyne And Wear NE29 6RH	£1,081	62	2	Flat
£45K	02/23	0.3 mi	56, Vicarage Street, North Shields, Tyne And Wear NE29 6SJ	£710	63	2	Flat
£90K	05/21	0.31 mi	9, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW	£1,098	82	2	Flat
£63K	10/21	0.31 mi	9a, Little Bedford Street, North Shields, Tyne And Wear NE29 6NW	£840	75	2	Flat
£145K	05/23	0.32 mi	17, Camden Square, North Shields, Tyne And Wear NE30 1NR	-	-	2	Flat
£155K	09/21	0.32 mi	10, Union Street, North Shields, Tyne And Wear NE30 1NL	-	-	2	Flat
£131.5K	04/23	0.32 mi	22, Union Street, North Shields, Tyne And Wear NE30 1NL	-	-	2	Flat
£137K	08/21	0.32 mi	5, Union Street, North Shields, Tyne And Wear NE30 1NL	-	-	2	Flat
£56.5K	07/23	0.32 mi	9b, William Street West, North Shields, Tyne And Wear NE29 6RL	£974	58	2	Flat
£127.5K	10/23	0.33 mi	29, Union Stairs, North Shields, Tyne And Wear NE30 1NE	£1,864	68	2	Flat
£130K	04/21	0.33 mi	12, Union Stairs, North Shields, Tyne And Wear NE30 1NE	£2,203	59	2	Flat
£120K	06/21	0.33 mi	27, Union Stairs, North Shields, Tyne And Wear NE30 1NE	£1,935	62	2	Flat
£130K	08/23	0.33 mi	24, Union Stairs, North Shields, Tyne And Wear NE30 1NE	£2,131	61	2	Flat
£125K	03/23	0.33 mi	1, Union Stairs, North Shields, Tyne And Wear NE30 1NE	£2,193	57	2	Flat
£120K	10/22	0.33 mi	9, Union Street, North Shields, Tyne And Wear NE30 1NL	£2,034	59	2	Flat
£63K	05/21	0.33 mi	8, William Street, North Shields, Tyne And Wear NE29 6RJ	£759	83	2	Flat
£63K	05/21	0.34 mi	8, William Street, North Shields, Tyne And Wear NE29 6RJ	£759	83	2	Flat
£160K	03/21	0.34 mi	3, Howard Street, North Shields, Tyne And Wear NE30 1AW	£2,353	68	2	Flat
£62.5K	09/23	0.37 mi	37, Broad Landing, South Shields, Tyne And Wear NE33 1JL	£962	65	2	Flat
£108K	12/22	0.37 mi	43, Broad Landing, South Shields, Tyne And Wear NE33 1JL	£1,612	67	2	Flat
£62.5K	01/21	0.37 mi	29, Broad Landing, South Shields, Tyne And Wear NE33 1JL	£1,078	58	2	Flat
£115K	03/23	0.37 mi	34, Broad Landing, South Shields, Tyne And Wear NE33 1JL	£1,896	61	2	Flat
£94K	12/22	0.38 mi	10, Greens Place, South Shields, Tyne And Wear NE33 2AE	-	-	2	Flat
£69K	11/22	0.4 mi	23, Victoria Crescent, North Shields, Tyne And Wear NE29 0EX	£1,045	66	2	Flat
£59K	12/22	0.4 mi	9, Coble Landing, South Shields, Tyne And Wear NE33 1JW	£952	62	2	Flat
£92K	06/23	0.42 mi	142, Chirton West View, North Shields, Tyne And Wear NE29 0EN	£1,314	70	2	Flat
£150K	10/21	0.45 mi	18, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ	£1,531	98	2	Flat
£160K	04/23	0.45 mi	16, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ	£1,702	94	2	Flat
£142.5K	11/21	0.45 mi	15, Ferry Approach, South Shields, Tyne And Wear NE33 1JJ	£1,822	78	2	Flat
£80K	02/23	0.46 mi	17, Brannen Street, North Shields, Tyne And Wear NE29 0EH	£1,174	68	2	Flat
£76.5K	03/21	0.46 mi	143, West Percy Street, North Shields, Tyne And Wear NE29 0BY	£1,142	67	2	Flat
£83K	07/23	0.53 mi	71a, Collingwood View, North Shields, Tyne And Wear NE29 0ER	£1,246	67	2	Flat
£73K	01/21	0.53 mi	85, Collingwood View, North Shields, Tyne And Wear NE29 0ER	£1,265	58	2	Flat
£75K	04/23	0.55 mi	7, Spence Terrace, North Shields, Tyne And Wear NE29 0JD	£1,003	75	2	Flat
£73.5K	12/20	0.55 mi	17, Spence Terrace, North Shields, Tyne And Wear NE29 0JD	£1,141	64	2	Flat
£115K	01/21	0.58 mi	115, Stephenson Street, North Shields, Tyne And Wear NE30 1ER	£1,597	72	2	Flat
£110K	11/22	0.6 mi	23, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW	-	-	2	Flat
£127K	11/22	0.6 mi	12, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW	£2,352	54	2	Flat
£112K	11/20	0.6 mi	65, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW	£2,074	54	2	Flat
£119.5K	10/20	0.6 mi	68, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW	£2,060	58	2	Flat
£94K	09/21	0.6 mi	21, Chirton Dene Quays, North Shields, Tyne And Wear NE29 6YW	£1,835	51	2	Flat

Local Rents

50 rents from £475/mo to £1.4K/mo, average is £738/mo.

Rent	Date	Distance	Address	Beds	Type
£800	05/24	0 mi	Duke Street, Smiths Dock, North Shields	2	Flat
£1,000	07/24	0 mi	Smokehouse One, North Shields	2	House
£1,150	12/23	0.07 mi	-	2	Flat
£900	05/24	0.07 mi	The Chain Locker, Duke Street, North Shields, Tyne and Wear, NE29 6HB	2	Flat
£865	11/24	0.07 mi	-	2	Flat
£1,250	05/24	0.08 mi	Smokehouse Two, Duke Street, Smiths Dock, North Shields, NE29	2	Flat
£1,100	03/25	0.11 mi	-	2	Flat
£575	07/24	0.14 mi	Addison Street, North Shields, NE29 6LR	2	Flat
£1,100	06/24	0.16 mi	Apartment 3, Block C, Shepherds Quay, North Shields, NE29 6LJ	2	Flat
£595	07/24	0.18 mi	Laet Street, North Shields. NE29 6NN	2	Flat
£1,400	05/24	0.19 mi	Shepherds Quay, Clive Street, North Shields, NE29 6LF	2	Flat
£800	05/24	0.22 mi	Howdon Road, North Shields	2	Flat
£750	06/24	0.23 mi	Howdon Road, North Shields, NE29	2	Flat
£695	05/24	0.23 mi	Lower Rudyerd Street, North Shields	2	Flat
£525	05/24	0.25 mi	Howdon Road, North Shields. NE29 6ST	2	Flat
£725	12/24	0.25 mi	-	2	Flat
£650	06/24	0.28 mi	Stanley Street West, North Shields	2	Flat
£650	05/24	0.28 mi	William Street West, North Shields, Tyne and Wear, NE29 6RL	2	Flat
£800	06/24	0.29 mi	River Drive, South Shields	2	Flat
£550	05/24	0.3 mi	Vicarage Street, North Shields. NE29 6SJ	2	Flat
£900	07/24	0.31 mi	Union Stairs, North Shields, Tyne and Wear, NE30 1NE	2	Flat
£700	06/24	0.32 mi	-	2	Flat
£700	06/24	0.32 mi	Dolphin Quay, North Shields, NE29	2	Flat
£750	06/24	0.32 mi	Union Stairs, North Shields	2	Flat
£700	10/24	0.33 mi	-	2	Terraced House
£700	10/24	0.33 mi	-	2	Terraced House
£825	07/24	0.33 mi	Union Stairs, North Shields, NE30	2	Flat
£550	07/24	0.33 mi	Rudyerd Street, North Shields, NE29	2	Flat
£600	11/24	0.35 mi	-	2	Flat
£475	09/23	0.38 mi	-	2	Flat
£750	06/24	0.38 mi	Captains Wharf, South Shields	2	Flat
£725	05/24	0.42 mi	Norfolk Street, North Shields	2	Flat
£775	06/24	0.42 mi	-	2	Flat
£750	08/24	0.42 mi	-	2	Flat
£750	06/24	0.42 mi	Saville Street, North Shields, NE30	2	Flat
£725	12/24	0.42 mi	-	2	Flat
£725	12/24	0.43 mi	-	2	Flat
£1,250	06/24	0.44 mi	Ballast Hill Road, Royal Quays	2	Flat
£695	06/24	0.45 mi	Ferry Approach, South Shields	2	Flat
£695	03/25	0.46 mi	-	2	Flat
£675	06/24	0.46 mi	West Percy Street, North Shields. NE29 0BY	2	Flat
£650	05/24	0.46 mi	West Percy Street, North Shields	2	Flat
£695	01/25	0.47 mi	-	2	Flat
£750	01/24	0.5 mi	-	2	Flat
£625	05/24	0.5 mi	Hopper Street West, North Shields	2	Flat
£775	03/25	0.52 mi	-	2	Terraced House
£650	03/24	0.56 mi	Stephenson House, Stephenson Street, North Shields, Tyne & Wear, NE30	2	Flat
£795	05/24	0.59 mi	Gardner Park, North Shields, NE29	2	Detached House
£795	06/24	0.59 mi	Gardner Park, North Shields, NE29	2	Semi-Detached House
£795	06/24	0.59 mi	-	2	Semi-Detached House

Local Area Statistics

Population in NE29	35,92335,923
Population in North Shields	57,93157,931
Town centre distance	0.85 miles away0.85 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.52 miles away0.52 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 £200,000

March 20, 2025

Floor Plans

Description

TWO BEDROOMS +
THIRD FLOOR APARTMENT +
NO UPPER CHAIN +
MODERN INTERIORS +
PARKING BAY +
CLOSE TO TOWN CENTRE +
OPEN PLAN LIVING +
SECURE INTERCOM SYSTEM +

CONTEMPORARY TWO BEDROOM THIRD FLOOR APARTMENT SITUATED WITHIN THIS STYLISH DEVELOPMENT CLOSE TO THE FISH QUAY IN NORTH SHIELDS

We welcome to the market this stylish two bedroom third floor apartment situated within this exclusive development located on the waters edge of the River Tyne. Boasting bright and airy open plan living, walking distance to the town centre, Fish Quay and Tynemouth Village.

Briefly comprising: Secure communal entrance with a lift and stairs to all floors. Private hallway offering access to all rooms and benefitting from a large cupboard providing storage, plumbing for a washing machine and housing an air filtration system. The impressive open plan lounge/kitchen/diner is a bright and airy space with floor to ceiling windows allowing plenty of light to fill the room. The modern kitchen has fitted units which includes an integrated electric hob, oven, extractor fan and fridge/freezer.
There are two double bedrooms and bathroom comprising a bath with shower over, hand basin, W.C. and heated towel rail.

Externally there is a designated parking bay and lockable cycle store.

Situated close to the North Shields ferry port and the Fish Quay in North Shields offering an extensive array of restaurants, bars and cafe's. Only a short walk to the centre of North Shields for local shops, amenities and the Metro station. Tynemouth Village is also within walking distance and has a great choice of shops, restaurants, award winning Long Sands Beach and is host to a weekend market.

Secure Communal Entrance -

Private Hallway -

Lounge/Kitchen/Diner - 6.97m x 3.95m (22'10" x 12'11") -

Bedroom One - 4.83m x 2.75m (15'10" x 9'0") -

Bedroom Two - 3.64m x 2.74m (11'11" x 8'11") -

Bathroom - 2.75m x 1.99m (9'0" x 6'6") -

Externally - Externally there is a designated parking bay and lockable cycle store.

Tenure - Leasehold

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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

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ValuationOvervalued

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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