North Shields, NE29 6PH | Investment Property for Sale | VES-NE29-001

Opportunity to purchase an apartment in North Shields generating £6,600 gross rent pa & gross yield of 11.5%






Based on

deposit: £14,375

stamp duty: £1,725

mortgage fees: £1,500

conveyancing fees: £1,000






The property







2 bedrooms

1 bathroom

1 reception room


Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1984
  • Years left on lease: 960 years (from 2023)
  • Service charge review period: tbc
  • Ground rent: included in service charge amount
  • Ground rent review period: tbc

Property information

  • Split over 2 floors the apartment comprises:
    • Large living room
    • Kitchen
    • 2 x bedrooms
    • Bathroom
  • Comes with allocated parking space under cover
  • Plenty of unassigned parking for visitors
  • The kitchen was refurbished within the last year
  • EPC rating C
  • Council tax band A
  • Monthly rental income £550

Location information

  • The property is located in the Percy Main area of North Shields
  • North Shields town centre is around 1.7 miles from the property
  • Percy Main metro station is a 4-minute walk from the property with regular services
  • Easy access to the A19


Please note that Vesta has not visited this property and the vendor has provided all material.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About North Shields, Tyne and Wear

North Shields is a town just 8 miles north-east of Newcastle and borders nearby Wallsend and Tynemouth.

The town is well connected by road, with the A1058 running between Newcastle city centre and Tynemouth, whilst the A19 connects it to Seaton Burn and Doncaster.

The Tyne and Wear Metro links North Shields to Newcastle city centre as well as to Whitley Bay, Newcastle Airport and Sunderland. There is a half-hourly local ferry service which connects North Shields to South Shields on the opposite bank of the River Tyne. The International ferry service, based at Royal Quays, operates a daily service to Ijmuiden in the Netherlands.

Some of the local landmarks include the Lights of North Shields, Fish Quay, Clifford’s Fort and Wooden Dolly. For outdoor lovers there are 30 miles of walking routes, several parks and Long Sands Beach.

The local high street is home to well-known high street brands, whilst the Beacon, a partially-covered shopping mall offers further shopping opportunities. Further shopping centres include the Royal Quays Outlet Centre, the Coast Road Retail Park and the Silverlink Shopping Park.

Education in North Shields is provided by a number of primary schools and secondary schools.

The local economy is made up of a number of maritime related companies, including John Lilley and Gillie Ltd who have their headquarters in North Shields. Other local employers can be found in several business parks, industrial estates and trading estates around the town. The largest of these being The Silverlink and Cobalt Park.

St Johns Green,

North Shields,

Tyne and Wear,


NE29 6PH

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