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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • 1 reception room
  • Floor area 566 sq. ft

Features

  • Leasehold
  • 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.

You could get

Superfast broadband Superfast broadband

Up to 152 Mbps (Source: Ofcom)

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

Local map of the area

Map View Map showing location of property

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 pcm

Recent sales nearby

See all recent sales in NE33
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Estimated running costs

Based on available 3rd party data

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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.