Sold STC Flat

98 BALKWELL AVENUE

NORTH SHIELDS, TYNE AND WEAR NE29 7JL

2 beds 1 baths 65 m² Listed 21 Oct 2025 (-283d)

£85,000

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Property details

Tenure

FREEHOLD

Floor area

65 m²

Council tax band

A

EPC rating

C

Last sold

£85,000 Jan 2026

Price per m²

£1,308/m²

Local average

£130,523 (-34.9%)

Deprivation

Decile 1 (3,208 of 33,755)

Street crime

391 incidents within 1 mile (May 2026)

Key features

  • Two-bedroom first-floor flat
  • Spacious living room
  • Modern fitted kitchen and bathroom
  • Private rear yard
  • Gas central heating and double glazing
  • Popular residential location
  • Ideal for first-time buyers or investors

Additional details

Heating
Gas central
Garden
Private garden
Listed property
No

Description

Located on Balkwell Avenue, this spacious and well-maintained two-bedroom first-floor flat offers a great opportunity for first-time buyers, downsizers, or investors looking for a ready-to-move-into home.
The accommodation briefly comprises an entrance hallway with stairs to the first floor, a bright living room with feature fireplace, a modern fitted kitchen, and a well-appointed bathroom with shower over bath. There are two good-sized bedrooms, both neutrally decorated and offering plenty of versatility.
Externally, the property benefits from a private rear yard, providing useful outdoor space for seating or storage.
The flat is ideally situated close to local shops, schools and transport links, with easy access to North Shields town centre, the coast and the Tyne Tunnel — making it perfectly placed for convenient everyday living.
Whether you’re looking for an affordable first home or a solid investment with rental potential, this property represents fantastic value in a popular residential location.
COUNCIL TAX BAND A
 
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
EPC rating: D. Tenure: Freehold,

Listed by

North Shields

The Property Franchise Group

Reference: 168435224

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 17/04/2026

Expiry date: 16/04/2036

Current heating cost: £569/year

Potential heating cost: £569/year

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

Price history

Event Date Price % change
Sold 30/01/2026 (6 months ago) £85,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
166 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ £119,950 15/08/2025 Flat
133 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DG £102,250 26/05/2023 Flat
135 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DG £102,250 26/05/2023 Flat
Same street 86 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JL £88,500 31/03/2023 Flat
162 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ £66,000 24/03/2023 Flat
3 CRASTER ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DN £95,000 19/12/2022 Flat
Same street 55 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JL £155,000 08/11/2022 Terraced
65 BIDDLESTONE CRESCENT, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JW £71,500 28/10/2022 Flat
28 WALLSEND ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7BP £40,000 27/10/2022 Flat
215 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DL £106,782 01/09/2022 Flat
213 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DL £106,782 01/09/2022 Flat
180 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ £71,000 24/06/2022 Flat
92 WALLSEND ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7AB £87,000 24/06/2022 Flat
150 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JF £74,763 23/05/2022 Flat
149 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DG £113,000 22/04/2022 Flat
Same street 80 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JL £87,500 24/01/2022 Other
25 WEST AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JE £77,000 16/12/2021 Flat
Same street 90 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JL £69,850 13/10/2021 Other
188 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DJ £82,000 08/10/2021 Flat
55 BIDDLESTONE CRESCENT, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JW £87,500 03/09/2021 Flat

Street average: £100,213 (4 sales)

Area average: £87,674 (16 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 21.5%
10y growth 66%

House Price Index (HM Land Registry — official index, not sold-price averages): North Tyneside. Series: Flats and maisonettes. As of April 2026.

1y (index) -2.7%
5y (index) 8.8%
10y (index) 26.1%

Rental Range

Estimated market rent for North Tyneside. Low = conservative, Realistic = average, Optimistic = best case.

Low £761/mo
Realistic £846/mo
Optimistic £931/mo

Based on Local Authority from postcode lookup → North Tyneside.

LHA (30th percentile) floor for Tyneside: £549/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View NE29 7JL

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop NORHAM COMMUNITY TECHNOLOGY COLLEGE 0.1 miles
Shop Kings Barber Shop 0.2 miles
Shop Ivita’s Newsagents 0.2 miles
Bus stop Wallsend Road 0.2 miles
Train station Meadow Well 0.5 miles
Train station Percy Main 0.6 miles
Hospital Priory Day Hospital 0.7 miles
University Dove Marine Laboratory 2.5 miles
University Northumbria University Coach Lane Campus 3.9 miles
Hospital Sunderland Primary care Trust 5.7 miles

Street-level crime

Category Count
Violence and sexual offences 134
Anti-social behaviour 81
Shoplifting 49
Criminal damage and arson 35
Public order 32
Other crime 14
Burglary 13
Other theft 8
Vehicle crime 8
Possession of weapons 6
Drugs 5
Robbery 4
Bicycle theft 1
Theft from the person 1
Total incidents 391

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Norham High School Secondary 0.1 miles Good — 18 May 2022
Collingwood Primary School Primary 0.1 miles Good — 22 May 2013
St Joseph's Catholic Primary School, North Shields Primary 0.2 miles Good — 7 Jul 2024
Riverside Primary School Primary 0.6 miles Requires improvement — 9 Sep 2024
Waterville Primary School Primary 0.7 miles Good — 11 May 2020

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Balkwell Avenue, NE29 £695/mo 2 0.01 miles OpenRent
2 Bed Semi-Detached House, Balkwell Avenue, NE29 £750/mo 2 0.11 miles OpenRent
2 Bed Flat, Wallsend Road, NE29 £720/mo 2 0.16 miles OpenRent
2 Bed Flat, Elsdon Terrace, NE29 £595/mo 2 0.27 miles OpenRent
2 Bed Semi-Detached House, Gardner Park, NE29 £900/mo 2 0.53 miles OpenRent
2 Bed Flat, Collingwood View, NE29 £695/mo 2 0.68 miles OpenRent
2 Bed Semi-Detached House, Acton Drive, NE29 £850/mo 2 0.85 miles OpenRent

Average rent: £744/mo (7 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 8.9% gross yield avg £97,170 sale, £723/mo rent
Rent ratio 0.85%
Max investor price (0.8%) £90,000
Target investor price (1%) £72,000
Gross yield 10.2%
Cost-to-rent ratio 9.8×
Monthly cashflow £288/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 14%
  • This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).