To let Flat

3 SILKEYS LANE

NORTH SHIELDS, TYNE AND WEAR NE29 0JT

2 beds 1 baths Listed 9 Sep 2022 (-1422d)

£595 pcm

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Property details

Council tax band

A

Last sold

£17,999 Aug 2011

Local average

£130,523 (-99.5%)

Deprivation

Decile 1 (3,208 of 33,755)

Street crime

433 incidents within 1 mile (May 2026)

Key features

  • RECENTLY REFURBISHED
  • MODERN FITTED KITCHEN WITH BUILT IN OVEN AND HOB
  • MODERN BATHROOM WITH OVER-BATH SHOWER
  • GREAT LOCATION

Additional details

Electricity
Mains supply
Water
Mains supply
Sewerage
Mains supply
Heating
Double glazing, Gas central
Parking
On street
Garden
Enclosed garden

Description

NEW TO THE MARKET AJP Property Services are pleased to offer for rent this lovely 2 bed ground floor flat located in Chiron. Situated within walking distance to North Shields City Centre, Metro, local shops and schools. AVAILABLE 15.7.26


AJP Property Services are pleased to offer for rent this lovely ground floor flat in Chirton, North Shields.

The property consists of entrance hallway leading to a large living room, recently fitted kitchen with built in oven and hob, two good size bedrooms and modern bathroom with over-bath shower.

Externally there is a yard to the rear & parking is on street. The property is situated very close to all amenities and schools making this property very attractive to couples and families


Upfront Costs
First months rent - £595
Deposit (5 weeks rent) - £686.53
Total - £1281.53
Holding Fee - £137.30 (PLEASE NOTE THIS IS NON-REFUNDABLE IF YOU FAIL REFERENCING OR WITHDRAW FROM THE PROCESS)

Council Tax Band A

Tenant Referencing Criteria:

AJP Property Services will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property. As part of this process, we will undertake:
• A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicants income will sufficiently cover the rental payments.
• To pass the affordability check, each applicants gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount e.g. if the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicants affordability is assessed individually against the criteria.
• Self-employed applicants will require an accountants reference and should have accounts for a minimum of two years.
• Employment checks to confirm your start date, salary and if your position is permanent.
• Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease. This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner.
• Right to rent and ID checks.

Applicants who are students or are unemployed/work part time and receiving benefits WILL REQUIRE A GUARANTOR.

Listed by

Gateshead

AJP Property Services (NE) Ltd

Reference: 126923456

Flood risk

Zone: 1

Risk: Low

Job (default Low)

EPC Graphs

EPC 1

EPC 1

Price history

Event Date Price % change
Listed for sale £595 -96.7%
Sold 03/08/2011 (14 years ago) £17,999

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
6 FRONT TERRACE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7QU £75,000 07/10/2024 Flat
10 RUTLAND PLACE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0QT £110,000 23/11/2023 Flat
15 CHIRTON GREEN, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JR £85,000 17/11/2023 Flat
Same street 15 SILKEYS LANE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JT £45,000 17/08/2023 Flat
Same street 11 SILKEYS LANE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JT £77,000 11/08/2023 Flat
3 RUTLAND PLACE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0QT £98,500 30/03/2023 Flat
11 MILLBROOK, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0SQ £90,000 22/09/2022 Flat
17 CHIRTON AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JS £81,000 16/09/2022 Flat
52 BURT AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7HL £74,500 24/06/2022 Flat
50 BURT AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7HL £74,500 24/06/2022 Flat
14 THORNCLIFFE PLACE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0SE £76,500 06/05/2022 Flat
2 THORNCLIFFE PLACE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0SE £66,000 18/03/2022 Flat
36 LILBURN STREET, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JY £73,000 21/12/2021 Flat
25 BILLY MILL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0QY £79,000 12/11/2021 Flat
42 RICHMOND GROVE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7QZ £47,000 22/09/2021 Flat

Street average: £61,000 (2 sales)

Area average: £79,231 (13 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

Nearby

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

Type Name Distance
Bus stop CHIRTON GREEN-ST GEORGE CRESCENT-S/B 0.1 miles
Shop Premier Chirton Wines 0.1 miles
Shop Harte Dry Cleaning 0.1 miles
Bus stop Chirton Green 0.1 miles
Hospital Priory Day Hospital 0.3 miles
Train station Meadow Well 0.5 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 142
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 433

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
Spring Gardens Primary School Primary 0.4 miles Requires improvement — 15 Feb 2022

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 0.78 miles OpenRent

Average rent: £895/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 150.42%
Max investor price (0.8%) £111,875
Target investor price (1%) £89,500
Gross yield 1805%
Cost-to-rent ratio 0.1×
Monthly cashflow £778/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 5411.7%
  • 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).