Stephenson Street, North Shields NE30

Property Details: - Type: Flat - Bedrooms: 2 - Bathrooms: 1

Agent: Prime Property Auctions - Glasgow Phone: 0141 376 8640

<ul><li> PRIME NEW LISTING. We are excited to present this tenanted two-bedroom ground-floor flat located within a prime location in North Shields.</li></ul> <br/> <br/><ul><li> Sales Evidence: *4 Stevenson Street sold for £87,000; 9 Stevenson Street sold for £87,000*</li></ul> <br/> <br/><ul><li> Currently occupied with a rental income of £550pcm (£6,600 per annum), offering immediate cash flow for buy-to-let landlords.</li></ul> <br/> <br/><ul><li> Based on the guide price, this property generates a very strong 14.7% yield on current rent.</li></ul> <br/> <br/><ul><li> Market rent could potentially achieve £650 to £750pcm (£7,800 to £9,000 per annum), enhancing the investment appeal if increased from the current £550pcm.</li></ul> <br/> <br/> <br/>PRIME NEW LISTING. We are excited to present this tenanted two-bedroom ground-floor flat located within a prime location in North Shields. <br/> <br/> <br/> <br/>The property comprises a welcoming layout including two bedrooms, a bathroom, a bright living room and a well-appointed kitchen. <br/> <br/> <br/> <br/>Currently occupied with a rental income of £550pcm (£6,600 per annum), this property offers immediate cash flow and presents a readily lettable, turnkey investment opportunity for buy-to-let landlords. Based on current market rates, the property could potentially achieve between £650 and £750 per month (£7,800 to £9,000 per annum) if re-let, offering excellent scope for improved returns. <br/> <br/> <br/> <br/>Based on guide price this property generates a very strong 14.7% yield on current rent. <br/> <br/> <br/> <br/>Property could possibly achieve between £650 and £750 per calendar month, making the investment even more attractive if a rent increase from the current £550 was to be put in place. <br/> <br/> <br/> <br/>The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential. <br/> <br/> <br/> <br/>The property further benefits from approximately 105 years remaining on the lease, with an average monthly ground rent of £28 and an average monthly service charge of £186. <br/> <br/> <br/> <br/>Excellent sales evidence in the area: *4 Stevenson Street sold for £87,000; 9 Stevenson Street sold for £87,000* <br/> <br/> <br/> <br/>This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website. <br/> <br/> <br/> <br/>This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. <br/> <br/> <br/> <br/>For further details on how to have a bidding account created, please contact the team. <br/> <br/> <br/> <br/>The buyer will contribute £650 + VAT towards the seller's legal fees. <br/> <br/> <br/> <br/>North Shields is a popular coastal town that offers a strong mix of everyday convenience, lifestyle appeal and excellent connectivity. The area benefits from a wide selection of shops, supermarkets, cafés and local services, along with nearby parks and green spaces that add to its residential charm. It is well suited to families, professionals and tenants alike, with schools and leisure facilities close at hand. Strong transport links, including road and Metro connections, provide easy access to Newcastle city centre and surrounding areas, making North Shields an attractive and well-rounded place to live and invest.