2 bedroom apartment

Mindrum Terrace, North Shields NE297BX

Size: sqm

Purchase price

£70,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,400
Service charge £1,320
Lettings fees £648
Net income £3,432
Gross yield 7.71%
Net yield 4.90%

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!

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Wonderful two bedroom, two bathroom top floor apartment located in North Shields. Enquire today to avoid disappointment.

Interested in this property? Enquire today for more information

Key features

Key features

TENANTED INVESTMENT OPPORTUNITY

Key features

ALLOCATED PARKING

Key features

MASTER SUITE

Key features

4.90% NET YIELD

Key features

LIGHT AND AIRY LIVING SPACE

Key features

FULLY FITTED KITCHEN

Key features

THREE-PIECE BATHROOM

Key features

ALLOCATED PARKING

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Wonderful two bedroom, two bathroom top floor apartment located in North Shields. Enquire today to avoid disappointment. More info...

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!

  • Key features
    Tick Desktop TENANTED INVESTMENT OPPORTUNITY
    Tick Desktop ALLOCATED PARKING
    Tick Desktop MASTER SUITE
    Tick Desktop 4.90% NET YIELD
    Tick Desktop LIGHT AND AIRY LIVING SPACE
    Tick Desktop FULLY FITTED KITCHEN
    Tick Desktop THREE-PIECE BATHROOM
    Tick Desktop ALLOCATED PARKING
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £5,400
Service charge £1,320
Lettings fees £648
Net income £3,432
Gross yield 7.71%
Net yield 4.90%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.