# 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)