Summary - 8 WALDO STREET NORTH SHIELDS NE29 6NJ
3 bed 1 bath Flat
Chain-free refurbishment project close to town centre and waterside amenities.
Chain-free first-floor flat with three bedrooms and one bathroom
Approximately 750 sq ft; compact but functional 3-bed layout
Requires full modernisation; renovation and upgrading needed
Very long lease remaining (966 years) — low leasehold risk
Very high local crime; area classed as very deprived
Fast broadband and excellent mobile signal; good connectivity
Close to town centre, fish quay, shops, schools and transport
No flood risk; exterior appears fair but internal condition untested
A first-floor, three-bedroom flat in a Victorian terrace on Waldo Street offering a clear refurbishment opportunity. At about 750 sq ft, the property is chain-free with a very long lease (966 years) and low running costs (very cheap council tax). Practical positives include fast broadband, excellent mobile signal and a central location close to the town centre, fish quay and public transport links.
The flat requires modernisation throughout; cosmetic and systems upgrades are likely needed to bring the living room, kitchen and bathroom up to contemporary standards. The area is classed as very deprived and local crime levels are very high — factors that will influence tenant demand, rental value and insurance costs. There is no flood risk and the building appears structurally fair externally, but internal condition is described as needing renovation.
This property will suit buyers prepared to invest time and money: standalone landlords or developers aiming for rental income or a budget-friendly resale after refurbishment. The long lease and central location are useful advantages, but purchasers should factor in renovation costs, local socio-economic challenges and higher perceived risk when assessing yield and exit strategy.
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