Two-bedroom ground-floor flat, tenanted

This tenanted two-bedroom ground-floor flat is located within a prime location in North Shields. The property comprises a welcoming layout including two bedrooms, a bathroom, a bright living room, and a well-appointed kitchen. 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 and generating a strong yield based on the guide price. 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. Sales evidence in the area includes 4 Stevenson Street sold for £87,000 and 9 Stevenson Street sold for £87,000. North Shields is a popular coastal town offering 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.