Summary -
22 Stephenson House,Stephenson Street,NORTH SHIELDS,NE30 1QA
NE30 1QA
1 bed 1 bath Flat
Immediate rental income in a central urban location for income-focused buyers.
["Long-term tenant in situ producing £7,380 pa","Leasehold tenure — check lease length and covenants","Shared private off-street parking available","Expansive lounge and one double bedroom","Three-piece bathroom and fitted kitchen included","Located in very deprived area with very high crime levels","Buyers’ premium applies to secure purchase","Average broadband speeds; excellent mobile signal"]
This one-bedroom leasehold flat on Stephenson Street presents a clear investment play. With a long-term tenant in situ and an annual gross income of £7,380, the property offers immediate rental return and minimal management interruption for a buyer seeking cashflow from day one.
The flat includes an expansive lounge, fitted kitchen and a three-piece bathroom, plus access to shared private off-street parking. The building is a 1970s multi-storey brick block in an urban setting with convenient local amenities and good mobile signal; broadband speeds are average.
Buyers should note material considerations: the property is leasehold, sits in a very deprived area with very high local crime levels, and a buyers’ premium applies to the sale. The current tenant wishes to remain, which secures income but means the property will not be vacant on completion for any immediate refurbishment or resale changes.
This listing will appeal most to investors or developers looking to acquire yielding stock in a major conurbation. The block’s scale and parking provision add practical value, but purchasers should factor in area-related risk and leasehold terms when assessing long-term plans.
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