2 bed flat for sale

Mindrum Terrace, North Shields NE297Bx NE29

Mindrum Terrace, North Shields Ne297Bx

This fantastic apartment compromises of; a spacious master bedroom with ensuite; a good-sized second bedroom; a bright and airy living room; a fully fitted modern kitchen with breakfast bar and a family bathroom. Located on the top (third) floor it has the additional benefit of intercom access and an allocated parking space and is ideally located close to all the necessary local amenities and schools.

Alnwick House is situated in North Shields, a coastal town on the River Tyne in the North East of England just 8 miles north-east of Newcastle upon Tyne. It boasts excellent transport links such as the Metro which links it with Newcastle City Centre, Whitley Bay, Newcastle Airport and Sunderland. The town is also served by stations in Percy Main and Meadow Well and a ferry service which connects it with South Shields. Property prices in North Shields stood at £215,938 over the last year with flats selling for an average of £150,01 which is an 11% increase since 2019 (Rightmove) meaning now is a great time to invest.

North Shields is undergoing an ambitious period of investment, the Masterplan was approved in 2021 and will deliver key investment to revitalise the town centre, improve public transport, pedestrian and cycle routes and create new green spaces to promote it as an attractive location to work, live and visit. There are also plans for a new transport hub and town square which seek to improve connectivity and create a vibrant destination to attract new investment into the town. Don't miss out on this opportunity to invest in North Shields and enquire today!

Please note, lettings and management charges may apply.

Financial Breakdown

Gross Rent: £5,400.00
Net income: £3,795.00
Gross yield: 9%
Net yield: 6.33%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-05884