Let Flat

Silkeys Lane

North Shields, NE29 0JT

2 beds 1 baths Listed 29 Jan 2025 (-549d)

£595 pcm

Reduced on 27 Feb 2025

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# 2 bedroom flat for rent (NE29 0JT)

## Property Details

| Key | Value |
|-----|-------|
| Address | Silkeys Lane, North Shields, NE29 0JT |
| Price | £595 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £60,000 |

## Description

Armstrongs Sales & Lettings are pleased to offer to the rental market this 2 bed upper floor flat.  The property offers good sized accomodation, decorated in neutral colours throughout.

Close to local amenities and good transport links.

Viewing is highly recommended.

Council tax band A

## Property Photos

- ![Photo](/listings/photos/157516262/1600449)
- ![Photo](/listings/photos/157516262/1600450)

## EPC Graphs

- ![EPC 1](/listings/photos/157516262/1600451) - EPC 1

## 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, Bamborough Terrace, NE30 | £895/mo | 2 | 0.8 miles | OpenRent |
| 2 Bed Flat, Preston Village, NE29 | £785/mo | 2 | 0.83 miles | OpenRent |

**Average rent: £840/mo (2 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £840/mo).*

- **Gross yield:** 1694.1%
- **Monthly cashflow:** £729/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5067.4%

*Gross yield = annual rent as % of price (no costs). 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).*

## 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)

Photo 1 Photo 2

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Property details

Deprivation

Decile 1 (3,208 of 33,755)

Street crime

430 incidents within 1 mile (May 2026)

Key features

Gas Central Heating
UPVC Double Glazing
Neutral Decor
Good transport links
Close to local shops and amenities
COUNCIL TAX BAND A

Additional details

Parking: On street

Description

Armstrongs Sales & Lettings are pleased to offer to the rental market this 2 bed upper floor flat. The property offers good sized accomodation, decorated in neutral colours throughout.

Close to local amenities and good transport links.

Viewing is highly recommended.

Council tax band A

Listed by

Whitley Bay

Hadrian Estates Letting Agency LTD

Reference: 157516262

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
1, Silkeys Lane, NORTH SHIELDS	70	78	40 m²	England and Wales: 1900-1929	Flat
11 SILKEYS LANE, CHIRTON, NORTH SHIELDS, NORTH SHIELDS	70	75	67 m²	England and Wales: 1900-1929	Flat
11 Silkeys Lane, NORTH SHIELDS	73	77	65 m²	England and Wales: 1900-1929	Flat
15, Silkeys Lane, NORTH SHIELDS	74	76	67 m²	England and Wales: 1900-1929	Flat
18, Silkeys Lane, NORTH SHIELDS	65	75	67 m²	England and Wales: 1950-1966	Terraced
20, Silkeys Lane, NORTH SHIELDS	73	74	67 m²	England and Wales: 1950-1966	Terraced
21 Silkeys Lane, NORTH SHIELDS	73	76	64 m²	England and Wales: 1900-1929	Flat
21, Silkeys Lane, NORTH SHIELDS	60	74	68 m²	England and Wales: 1900-1929	Flat
23, Silkeys Lane, NORTH SHIELDS	67	75	68 m²	England and Wales: 1900-1929	Flat
27 Silkeys Lane, NORTH SHIELDS	59	64	69 m²	England and Wales: 1900-1929	Flat
29 Silkeys Lane, NORTH SHIELDS	67	74	66 m²	England and Wales: 1900-1929	Flat
3, Silkeys Lane, NORTH SHIELDS	67	74	63 m²	England and Wales: 1900-1929	Flat
31, Silkeys Lane, NORTH SHIELDS	57	76	66 m²	England and Wales: 1900-1929	Flat
33, Silkeys Lane, NORTH SHIELDS	67	74	59 m²	England and Wales: 1900-1929	Flat
35 Silkeys Lane, NORTH SHIELDS	73	77	50 m²	England and Wales: 1900-1929	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC 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 0JT

Address

Silkey's Lane

Nearby

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

Type	Name	Distance
Bus stop	Chirton Green	0.1 miles
Bus stop	CHIRTON GREEN-ST GEORGE CRESCENT-S/B	0.1 miles
Shop	Premier Chirton Wines	0.1 miles
Shop	The Man Cave	0.1 miles
Hospital	Priory Day Hospital	0.3 miles
Train station	Meadow Well	0.4 miles
Train station	North Shields	0.5 miles
University	Dove Marine Laboratory	2.2 miles
University	Northumbria University Coach Lane Campus	4.3 miles
Hospital	Sunderland Primary care Trust	5.6 miles

Street-level crime

Category	Count
Violence and sexual offences	139
Anti-social behaviour	88
Shoplifting	65
Criminal damage and arson	36
Public order	33
Burglary	16
Other crime	13
Vehicle crime	13
Other theft	7
Possession of weapons	7
Drugs	6
Robbery	4
Bicycle theft	2
Theft from the person	1
Total incidents	430

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
St Joseph's Catholic Primary School, North Shields	Primary	0.3 miles	Good — 7 Jul 2024
Collingwood Primary School	Primary	0.3 miles	Good — 22 May 2013
Waterville Primary School	Primary	0.4 miles	Good — 11 May 2020
St Cuthbert's Catholic Primary School, North Shields	Primary	0.4 miles	Good — 26 Nov 2014
Riverside Primary School	Primary	0.4 miles	Requires improvement — 9 Sep 2024

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, Bamborough Terrace, NE30	£895/mo	2	0.8 miles	OpenRent
2 Bed Flat, Preston Village, NE29	£785/mo	2	0.83 miles	OpenRent

Average rent: £840/mo (2 listings)

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