# 2 bedroom flat for rent (NE33 3JP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 74 CANDLISH STREET, SOUTH SHIELDS, SOUTH SHIELDS, TYNE AND WEAR NE33 3JP |
| Price | £450 pcm |
| Bedrooms | 2 |
| Last sold | £88,950 Mar 2005 |

## Description

Fully furnished two bedroom first floor flat sitauted within walking distance of local shops, schools and amenities.

Accommodation:

Living Room with double doors leading to kitchen and dining room,

Master bedroom 

Double bedroom

Bathroom/w.c.

## Property Photos

- ![Exterior](/listings/photos/14167897/1627783) - Exterior
- ![Lounge](/listings/photos/14167897/1627784) - Lounge
- ![Kitchen/Dining Room](/listings/photos/14167897/1627785) - Kitchen/Dining Room
- ![Master Bedroom](/listings/photos/14167897/1627787) - Master Bedroom
- ![Bedroom](/listings/photos/14167897/1627789) - Bedroom
- ![Bathroom](/listings/photos/14167897/1627791) - Bathroom

## Rental Range

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

- **Low:** £658/mo
- **Realistic:** £731/mo
- **Optimistic:** £804/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 Terraced House, Dunelm St, NE33 | £850/mo | 2 | 0.08 miles | OpenRent |
| 2 Bed Flat, St. Michaels Avenue North, NE33 | £625/mo | 2 | 0.22 miles | OpenRent |
| 2 Bed Flat, Imeary Street, NE33 | £675/mo | 2 | 0.3 miles | OpenRent |
| 2 Bed Flat, Tadema Road, NE33 | £650/mo | 2 | 0.47 miles | OpenRent |
| 2 Bed Flat, Baring Street, NE33 | £620/mo | 2 | 0.49 miles | OpenRent |
| 2 Bed Flat, Collingwood Street, NE33 | £730/mo | 2 | 0.73 miles | OpenRent |
| 2 Bed Flat, Marshall Wallis Road, NE33 | £650/mo | 2 | 0.78 miles | OpenRent |
| 2 Bed Flat, Pembroke Terrace, NE33 | £695/mo | 2 | 0.78 miles | OpenRent |

**Average rent: £687/mo (8 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £663/mo).*

- **Gross yield:** 1768%
- **Monthly cashflow:** £570/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5240.7%

*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)