3 bedroom apartment for sale
Key information
Property description & features
3-bedroom upper flat with a tenant in situ (since 2021) on a periodic tenancy, generating £478 PCM rental income, with potential for a rent increase.
For Investors
This property is situated in a sought-after area of South Shields, an established rental market. Nearby developments and regeneration projects in South Tyneside, including improvements to local amenities and the seafront, enhance its appeal to renters and buyers alike.
Key investment highlights:
Scope for Rent Increase: Current rental income of £478 PCM is below market rates for similar properties in the area.
Tenant in Situ: Reliable tenants since 2021 (father and daughter). No arrears/missed payments throughout tenancy.
Strong Connectivity: Excellent transport links (see below).
Local Amenities
Education: The property is close to well-rated schools.
Recreation:
South Shields Seafront and its iconic parks are within a short drive.
Cultural attractions include Arbeia Roman Fort and The Customs House theatre.
Shopping and Health:
Local shops are accessible within a 5-minute walk.
South Tyneside District Hospital is just 1.5 miles away.
Transport Links
This property is well-connected for commuters and residents:
Metro Station: Chichester Metro Station, 0.7 miles away (approx. 15-minute walk).
Road Access: Easy access to the A194(M), leading to the A1 and A19.
Public Transport: Regular bus services operate from the nearby bus stops.
Air Travel: Newcastle International Airport is a 25-minute drive (12 miles).
South Shields town centre is just 1 mile away, and Newcastle city centre is a 25-minute drive.
General Data
Floor Area: 785 ft² (73 m²)
Plot Size: 0.03 acres
Council Tax Band: Band A (£1,465/year)
EPC Rating: Current D (68), Potential C (77).
Tenure: Freehold, with ownerhip of leasehold of next door (South Tyneside Lease)
Rental Income: £478 PCM, potential for increase.
Broadband Speeds: Superfast up to 80 Mbps, Ultrafast 1,000 Mbps available.
Mobile Network Coverage: Good coverage for O2, EE, Three, and Vodafone.
This property is an attractive option for investors looking to capitalize on rental growth and secure a foothold in South Shields' property market.
Council Tax Band: A
Tenure: Freehold
Places of interest
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*DISCLAIMER
Property reference 12554464. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 19, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 29, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.