Summary - Falmouth Road, North Shields, NE29 NE29 8PF
3 bed 1 bath Terraced
Let property with immediate income and modest uplift potential for investors.
- Freehold three-bedroom property producing rental income
- Current gross income £8,700; market potential ~£9,600
- Lounge, kitchen and single bathroom across two storeys
- Off-street parking and small front garden
- Described as needing modernization in places
- Area classified very deprived; crime above average
- Tenant in situ; sale includes Let Property Pack
- Buyers Premium applies to secure purchase
A three-bedroom freehold property in NE29 offered mainly as a buy-to-let opportunity. The home is currently let and produces a gross annual income of approximately £8,700; market rents suggest potential to increase to about £9,600 with minimal adjustments. The layout includes a lounge, kitchen and one bathroom across two storeys, with off-street parking and a small front garden.
The house will appeal to investors and developers seeking an income-producing asset in an accessible part of North Shields. The local area provides good transport links and nearby amenities, while broadband and mobile signals are strong—useful for letting and tenant retention. A Let Property Pack is available for detailed investment figures and tenancy information.
Buyers should note material negatives: the surrounding neighbourhood is classified as very deprived with above-average crime levels, and marketing describes the property as requiring modernization in places. A buyer’s premium will apply to secure the sale. Prospective purchasers should review the Let Property Pack and tenancy paperwork before committing.
For an investor comfortable operating in higher-need neighbourhoods, this property offers a straightforward route to steady rental income and scope for rent increases following modest refurbishment. For owner-occupiers, the area and tenancy status may be less suitable unless planning to move in after leases conclude.
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