2 bedroom apartment for sale

2-Bedroom Apartment on Marine Approach, South Shields – Fantastic Investment Opportunity
Asking Price: £80,000
Rental income of £478PCM

Overview
This 2-bedroom upper flat, situated on one of South Shields' most sought-after streets, offers 688 ft² of internal living space. Located within walking distance of the beach and Westoe Crown Village shops, the property benefits from period features, a kitchen extension, and a large bathroom. It has been let to a tenant for over 8 years, with a strong payment history and no rent arrears.

The property comes with a long lease of 999 years from 1997 with a peppercorn ground rent. Its location and tenant stability make it an attractive option for investors seeking steady rental income in a desirable area.

For Investors

• Rental Stability: The current tenant has been in situ for over 8 years with no missed payments or arrears.
• High Tenant Demand: Located in a sought-after area with strong rental demand from professionals and families due to proximity to the beach, local amenities, and schools.
• Leasehold Details: 971 years remaining on a 999-year lease with peppercorn ground rent.
• Potential Yield: With strong demand and location, the property provides a solid opportunity for consistent rental returns.

Local Amenities

• Shops and Services: Westoe Crown Village shops are a short walk away, offering convenience for tenants.
• Beaches and Leisure: The property is within walking distance of South Shields’ popular beaches, making it appealing for tenants seeking coastal living.
• Healthcare: Nearby GP surgeries and pharmacies ensure accessibility to healthcare services.
• Broadband: Ultrafast broadband availability (up to 1000 Mbps) supports modern living requirements, ideal for tenants working from home or streaming.

Transport Links

• Roads: Easy access to the A19 and A194 provides connections to Newcastle, Sunderland, and other major towns in the region.
• Public Transport: Regular bus services operate nearby, and South Shields Metro station is approximately 1.5 miles away, offering links to Newcastle city centre and beyond.
• Air Travel: Newcastle International Airport is around 20 miles away, approximately a 30-minute drive.

General Information

• Tenure: Leasehold (971 years remaining on a 999-year lease, peppercorn rent)
• Floor Area: 688 ft² (64 m²)
• Plot Size: 0.03 acres
• Council Tax Band: A (£1,465 estimated annual cost)
• Year Built: 1930–1949
• Flood Risk: No risk from rivers or seas; very low surface water risk
• Broadband Availability: Ultrafast broadband up to 1000 Mbps

This property offers stable rental income in a highly desirable location, making it an excellent opportunity for investors. For further details or to arrange a viewing, please get in touch.