Summary - 53 FLAT 2 SAVILLE STREET NORTH SHIELDS NE30 1NS
2 bed 1 bath Apartment
Immediate rental income with parking and characterful high ceilings.
Tenanted until March 2026 producing £775 pcm rental income
Long lease (~980 years) and leasehold tenure
Allocated off-street parking space included
High ceilings, good natural light, open-plan living
Electric room heaters; no central gas heating
Solid brick walls likely uninsulated — potential energy costs
Located in a very high crime, very deprived area
Requires only minor modernisation to boost yield
This first-floor two-bedroom apartment on Saville Street is offered with an existing tenancy until March 2026, producing immediate rental income of £775 pcm. The long lease (approx. 980 years) and allocated off-street parking add practical value for an investor seeking low-maintenance, town-centre stock.
Internally the flat benefits from high ceilings, good natural light and an open-plan lounge/kitchen/diner; one bedroom has a vaulted ceiling with exposed beams that enhances character. The building is a traditional early 20th-century terrace with solid brick walls and double glazing; the communal structure appears straightforward and low-maintenance.
Buyers should note the property uses electric room heaters rather than a central heating system and walls are likely uninsulated (as-built solid brick). The area has fast broadband and excellent mobile signal but records very high local crime and very high deprivation, which will influence both capital growth and tenant profile. Minor modernisation to the kitchen and bathroom could improve rental yield and resale appeal.
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