Summary - 121 CHIRTON WEST VIEW NORTH SHIELDS NE29 0EN
2 bed 1 bath Flat
Ready income with private parking and garden potential for uplift.
Long-term tenant in situ providing immediate rental income
A two-bedroom leasehold flat in North Shields offered with a long-term tenant in situ, private driveway parking and front and rear garden. The property currently produces a gross annual income of £6,600, giving a headline gross yield of approximately 8.5% at the asking price of £78,000 — a clear starting point for buy-to-let portfolios.
The building is a Victorian-era property with high ceilings and period character externally; internal presentation is described as well-kept but may benefit from targeted refurbishment to increase rental value. The lease has around 980 years remaining, reducing long-lease risk for investors; note that a Buyers Premium will apply on sale to secure the property.
Practical considerations: the property sits in a predominantly terraced, urban area with fast broadband and excellent mobile signal, but the local area is relatively deprived and recorded average crime levels. The current tenants intend to remain, which provides immediate income but limits vacant-possession options without negotiation. Investors should review the Let Property Pack and tenancy paperwork before purchase.
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