2 bed flat for sale
Burleigh Street, South Shields NE33
- Investment
£56,000
(£99/sq. ft)
Property Listing Details
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Property details
Features
- Fully tenanted investment property
- £4,740 rent per annum
- 8.5% gross rental yield
- 18% hpi growth (last 5 years)
Listing view statistics
Last 30 days: 166 page views
Description
This is an investment opportunity of an apartment in South Shields which generates £4,740 rent pa & 8.5% gross rental yield.
Leasehold information:
Length of lease: 999 years
Year lease started: 1983
Property information:
Located on the ground floor
Kitchen leads out to the courtyard
EPC rating D
Summary
2 bedrooms; 1 bathroom; 1 reception
Price: £56,000 Leasehold
Ground rent: £15
Service charge: Nil
Length of lease: 999 years
Year lease started: 1983
Rental income: £395 pcm; £4,740 pa
Gross yield: 8.5%
ves-NE33-001
The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.
Leasehold information:
Length of lease: 999 years
Year lease started: 1983
Property information:
Located on the ground floor
Kitchen leads out to the courtyard
EPC rating D
Summary
2 bedrooms; 1 bathroom; 1 reception
Price: £56,000 Leasehold
Ground rent: £15
Service charge: Nil
Length of lease: 999 years
Year lease started: 1983
Rental income: £395 pcm; £4,740 pa
Gross yield: 8.5%
ves-NE33-001
The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.
You could get
Superfast broadband
Up to 152 Mbps (Source: Ofcom)
Links for this property
Floorplan
Map & Nearby
Local Amenities
- South Shields Ferry Terminal 0.7 miles
- Newcastle International Ferry Terminal 0.9 miles
- St Bede's RC Voluntary Aided Primary School, South Shields 0.2 miles
- Laygate Community School 0.3 miles
Market stats
Sale activity
Average estimated value for a flat in NE33:
- £183,831
-
Price increase
- £8,141
- (4.634%)
- Over the last 12 months
In the last 12 months
-
Average sale price
£74,462 -
Properties sold
52
Rental opportunities
Looking for an investment? The average rent for a 2 bedroom flat in NE33 is currently:
£472 pcmRecent sales nearby
-
-
11 Coverdale Walk
- £85,000
-
20th Nov 2020
-
Semi-detached house
-
-
-
43 Beach Road
- £350,000
-
13th Nov 2020
-
Terraced house 5 Bedrooms
-
-
-
96 Broughton Road
- £51,000
-
12th Nov 2020
-
Flat 2 Bedrooms
-
Estimated running costs
Based on available 3rd party data
Approximate costs
£
per month
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The Agent
Price history
Sold prices provided by Land Registry
29th Jun 2020
£56,000
Price reduced by £3,000
5th Dec 2019
£59,000
First listed
25th Apr 2014
£58,000
Last sold
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Property descriptions and related information displayed on this page are marketing materials provided by Vesta Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Vesta Property for full details and further information.
