# 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 |
| Last sold | £119,950 Aug 2025 |

## 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.

## 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).*

## 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)