# 2 bedroom flat for sale (NE29 7JL)

## Property Details

| Key | Value |
|-----|-------|
| Address | 98 BALKWELL AVENUE, NORTH SHIELDS, TYNE AND WEAR NE29 7JL |
| Price | £85,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £85,000 Jan 2026 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 16/04/2036
- **Current heating cost:** £569/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/5100-8331-0022-0696-3463)

## 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,

## Property Photos

- ![Photo](/listings/photos/168435224/1476795)
- ![Photo](/listings/photos/168435224/1476797)
- ![Photo](/listings/photos/168435224/1476799)
- ![Photo](/listings/photos/168435224/1476800)
- ![Photo](/listings/photos/168435224/1476802)
- ![Photo](/listings/photos/168435224/1476803)
- ![Photo](/listings/photos/168435224/1476805)
- ![Photo](/listings/photos/168435224/1476806)
- ![Photo](/listings/photos/168435224/1476807)

## Floorplans

- ![Floorplan](/listings/photos/168435224/1476808) - Floorplan

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 98 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7JL | £85,000 | 30/01/2026 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 166 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ | £119,950 | 15/08/2025 | Flat |
| 135 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DG | £102,250 | 26/05/2023 | Flat |
| 133 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)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £130,523 (40 Flat, NE29, 2024–2026)
- **Deviation:** -34.9%

## Rental Range

*ONS Price Index of Private Rents (North Tyneside). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £761/mo
- **Realistic:** £846/mo
- **Optimistic:** £931/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £549/mo

## 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, Elsdon Terrace, NE29 | £595/mo | 2 | 0.27 miles | OpenRent |

**Average rent: £680/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.82% (okay)
- **Max investor price (0.8%):** £86,875
- **Target investor price (1%):** £69,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £695/mo).*

- **Gross yield:** 9.8%
- **Cost-to-rent:** 10.2×
- **Monthly cashflow:** £266/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 12.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).*

## Price per Square Metre

- **£/m²:** £1,308/m²

## Capital growth trend

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

- **5y growth:** 17.7%
- **10y growth:** 66%

## House Price Index (HM Land Registry)

*Official index for North Tyneside; Flats and maisonettes series; as of May 2026.*

- **1y growth (index):** 0.6%
- **5y growth (index):** 10.9%
- **10y growth (index):** 26.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)