Sold STC Flat

166 VERNE ROAD

NORTH SHIELDS, TYNE AND WEAR NE29 7DQ

2 beds 1 baths 603 sq ft Listed 9 May 2025 (-397d)

£119,950

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# 2 bedroom flat for sale (NE29 7DQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 166 VERNE ROAD, NORTH SHIELDS, TYNE AND WEAR NE29 7DQ |
| Price | £119,950 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 56 m² |
| Last sold | £119,950 Aug 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Current heating cost:** £459/year
- **Est. upgrade cost to C:** £1,000

### Recommendations
- W1 (£800 - £1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7300-2060-0222-8123-3923)

## Description

The living area is perfect for relaxation or entertaining guests, while the modern kitchen is equipped to meet all your culinary needs. The single bathroom is well-maintained and provides a serene space for unwinding after a long day.

Whether you are a first-time buyer or seeking a rental investment, this property on Verne Road is not to be missed.

## Property Photos

- ![Front 2.jpg](/listings/photos/161737241/213867) - Front 2.jpg
- ![Living room.jpg](/listings/photos/161737241/213868) - Living room.jpg
- ![Kitchen.jpg](/listings/photos/161737241/213869) - Kitchen.jpg
- ![Bedroom 2.jpg](/listings/photos/161737241/213870) - Bedroom 2.jpg
- ![Bedroom 1.jpg](/listings/photos/161737241/213871) - Bedroom 1.jpg
- ![Bathroom.jpg](/listings/photos/161737241/213872) - Bathroom.jpg
- ![Back Garden.jpg](/listings/photos/161737241/213873) - Back Garden.jpg
- ![Front 1.jpg](/listings/photos/161737241/213874) - Front 1.jpg

## Floorplans

- ![166 Verne - all floors.JPG](/listings/photos/161737241/213875) - 166 Verne - all floors.JPG

## EPC Graphs

- ![EE Rating](/listings/photos/161737241/213876) - EE Rating

## Sales History

*Recorded sales for this property. 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 |
| 166 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ | £48,000 | 02/04/2012 | 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 |
|---------|-------|------|------|
| 65 LANGLEY ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NN | £350,000 | 19/12/2023 | Flat |
| 53 LANGLEY ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NN | £80,000 | 08/12/2023 | Flat |
| 28 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS | £120,000 | 10/11/2023 | Flat |
| 25 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS | £120,247 | 13/10/2023 | Flat |
| 71 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7LS | £106,000 | 08/09/2023 | Flat |
| 36 REDESDALE GROVE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DY | £90,000 | 04/08/2023 | Flat |
| 214 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH | £86,000 | 07/07/2023 | 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] 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 |
| 20 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NR | £110,000 | 19/12/2022 | Flat |
| 151 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH | £97,000 | 09/12/2022 | Flat |
| 18 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NR | £100,000 | 30/11/2022 | Flat |
| 22 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS | £135,000 | 18/11/2022 | Flat |
| 143 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH | £85,000 | 21/10/2022 | 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 |
| 2 MORTIMER AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NU | £74,000 | 11/08/2022 | Flat |
| 84 BALKWELL GREEN, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7HY | £68,000 | 15/07/2022 | Flat |
| 131 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH | £80,000 | 08/07/2022 | Flat |
| [Same street] 180 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ | £71,000 | 24/06/2022 | Flat |
| [Same street] 146 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ | £159,100 | 22/11/2021 | Semi-detached |

**Street average:** £98,700 (3 sales)
**Area average:** £110,716 (20 sales)

## Price vs local average

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

- **Local average:** £131,134 (35 Flat, NE29, 2024–2026)
- **Deviation:** -8.5%

## Rental Range

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

- **Low:** £751/mo
- **Realistic:** £834/mo
- **Optimistic:** £917/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 Semi-Detached House, Balkwell Avenue, NE29 | £750/mo | 2 | 0.1 miles | OpenRent |
| 2 Bed Flat, Balkwell Avenue, NE29 | £695/mo | 2 | 0.21 miles | OpenRent |
| 2 Bed Flat, Wallsend Road, NE29 | £720/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Flat, Elsdon Terrace, NE29 | £595/mo | 2 | 0.45 miles | OpenRent |
| 2 Bed Semi-Detached House, Gardner Park, NE29 | £900/mo | 2 | 0.62 miles | OpenRent |
| 2 Bed Flat, Collingwood View, NE29 | £695/mo | 2 | 0.78 miles | OpenRent |

**Average rent: £726/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 0.59% (weak for cashflow)
- **Max investor price (0.8%):** £88,500
- **Target investor price (1%):** £70,800

*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 £708/mo).*

- **Gross yield:** 7.1%
- **Cost-to-rent:** 14.1×
- **Monthly cashflow:** £140/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4.8%

*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:** £2,142/m²

## Capital growth trend

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

- **5y growth:** 40.9%
- **10y growth:** 52.1%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -6%
- **5y growth (index):** 6.2%
- **10y growth (index):** 23.3%

## 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)

Front 2.jpg Living room.jpg Kitchen.jpg Bedroom 2.jpg Bedroom 1.jpg Bathroom.jpg Back Garden.jpg Front 1.jpg

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Property details

Tenure

LEASEHOLD (145 years remaining on lease)

Floor area

56 m²

Council tax band

EPC rating

Year built

England and Wales: 1900-1929

Last sold

£119,950 Aug 2025

Price per m²

£2,142/m²

Local average

£131,134 (-8.5%)

Deprivation

Decile 2 (5,538 of 33,755)

Street crime

318 incidents within 1 mile (Apr 2026)

Additional details

Electricity: Mains supply
Water: Mains supply
Sewerage: Mains supply
Heating: Gas central

Description

Fresh Property Centre welcome to the market this two bed ground floor flat on Verne Road, North Shields. This well-appointed residence features two spacious bedrooms, making it an ideal choice for couples, small families, or those seeking a comfortable home office space.

The living area is perfect for relaxation or entertaining guests, while the modern kitchen is equipped to meet all your culinary needs. The single bathroom is well-maintained and provides a serene space for unwinding after a long day.

Whether you are a first-time buyer or seeking a rental investment, this property on Verne Road is not to be missed.

Listed by

North Shields

Fresh Property Centre

Reference: 161737241

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 26/01/2022

Current heating cost: £459/year

Potential heating cost: £392/year

Est. upgrade cost to C: £1,000

Recommendations

Floor insulation (suspended floor) (£800 - £1,200)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

166 Verne - all floors.JPG

EPC Graphs

EE Rating

Price history

150% since 2012

Event	Date	Price	% change
Sold	15/08/2025 (9 months ago)	£119,950	+149.9%
Sold	02/04/2012 (14 years ago)	£48,000	—

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
65 LANGLEY ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NN	£350,000	19/12/2023	Flat
53 LANGLEY ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NN	£80,000	08/12/2023	Flat
28 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS	£120,000	10/11/2023	Flat
25 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS	£120,247	13/10/2023	Flat
71 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7LS	£106,000	08/09/2023	Flat
36 REDESDALE GROVE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DY	£90,000	04/08/2023	Flat
214 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH	£86,000	07/07/2023	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 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
20 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NR	£110,000	19/12/2022	Flat
151 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH	£97,000	09/12/2022	Flat
18 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NR	£100,000	30/11/2022	Flat
22 FALSTAFF ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NS	£135,000	18/11/2022	Flat
143 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH	£85,000	21/10/2022	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
2 MORTIMER AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7NU	£74,000	11/08/2022	Flat
84 BALKWELL GREEN, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7HY	£68,000	15/07/2022	Flat
131 BALKWELL AVENUE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DH	£80,000	08/07/2022	Flat
Same street 180 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ	£71,000	24/06/2022	Flat
Same street 146 VERNE ROAD, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 7DQ	£159,100	22/11/2021	Semi-detached

Street average: £98,700 (3 sales)

Area average: £110,716 (20 sales)

Capital growth trend

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

5y growth 40.9%

10y growth 52.1%

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

1y (index) -6%

5y (index) 6.2%

10y (index) 23.3%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: TANDERON LIMITED (5173680)

Rental Range

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

Low £751/mo

Realistic £834/mo

Optimistic £917/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 7DQ

Nearby

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

Type	Name	Distance
Shop	Trends Hair & Beauty	0.1 miles
Shop	Premier	0.1 miles
Bus stop	VERNE ROAD	0.1 miles
Bus stop	CENTRAL AVENUE-VERNE ROAD-N/B	0.1 miles
Hospital	Priory Day Hospital	0.7 miles
Train station	Meadow Well	0.7 miles
Train station	Percy Main	0.8 miles
Hospital	North Tyneside General Hospital	1.1 miles
University	Dove Marine Laboratory	2.3 miles
University	Northumbria University Coach Lane Campus	3.9 miles

Street-level crime

Category	Count
Violence and sexual offences	77
Shoplifting	74
Anti-social behaviour	66
Criminal damage and arson	34
Public order	17
Other theft	15
Burglary	9
Drugs	9
Other crime	5
Robbery	4
Vehicle crime	4
Bicycle theft	2
Theft from the person	2
Total incidents	318

Within 1 mile during Apr 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
Collingwood Primary School	Primary	0.2 miles	Good — 22 May 2013
Norham High School	Secondary	0.3 miles	Good — 18 May 2022
St Joseph's Catholic Primary School, North Shields	Primary	0.4 miles	Good — 7 Jul 2024
St Thomas More Catholic High School	Secondary	0.6 miles	Good — 10 Jul 2023
Whitehouse Primary School	Primary	0.6 miles	Inadequate — 9 Nov 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 Semi-Detached House, Balkwell Avenue, NE29	£750/mo	2	0.1 miles	OpenRent
2 Bed Flat, Balkwell Avenue, NE29	£695/mo	2	0.21 miles	OpenRent
2 Bed Flat, Wallsend Road, NE29	£720/mo	2	0.35 miles	OpenRent
2 Bed Flat, Elsdon Terrace, NE29	£595/mo	2	0.45 miles	OpenRent
2 Bed Semi-Detached House, Gardner Park, NE29	£900/mo	2	0.62 miles	OpenRent
2 Bed Flat, Collingwood View, NE29	£695/mo	2	0.78 miles	OpenRent

Average rent: £726/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.59%

Max investor price (0.8%) £88,500

Target investor price (1%) £70,800

Gross yield 7.1%

Cost-to-rent ratio 14.1×

Monthly cashflow £140/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 4.8%

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).

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