Sold STC Flat

15 SILKEYS LANE

NORTH SHIELDS, TYNE AND WEAR NE29 0JT

2 beds 1 baths 67 m² Listed 10 Jul 2023 (-1118d)

£45,000

Guide Price

Save

# 2 bedroom flat for sale (NE29 0JT)

## Property Details

| Key | Value |
|-----|-------|
| Address | 15 SILKEYS LANE, NORTH SHIELDS, TYNE AND WEAR NE29 0JT |
| Price | £45,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £45,000 Aug 2023 |

## Description

Guide Price £45,000 +

STOP & READ ABOUT THIS STUNNING INVESTMENT TODAY!! LET AT £425 PCM AND 11.33% YIELD.

Looking for a BTL investment? Between both Newcastle and Tynemouth? Close to local amenities? Metro Station? A19 & Tyne Tunnel? Look no further than this superb, two-bedroom, first floor flat situated in North Shields.

This attractively priced two-bedroom flat briefly comprises: Entrance vestibule with staircase to central landing space, large lounge diner to rear of the property with an elevated view over the rear shared yard, kitchen, rear lobby with staircase to rear door and family bathroom W.C. To the front of the property are both bedrooms. Externally is a shared yard space with access into the rear lane.

Located in North Shields, close to the Tyne Tunnel (A19) and Tynemouth, the accommodation lies in close proximity to local amenities including Aldi, North Shields Metro station and St Joesph’s Primary School. The A1058 Coast Road allows easy access into Newcastle and larger everyday amenities such as Central Station, Silver Link Retail Park and recreational activities.

A FULL INTERNAL VIEWING IS HIGHLY RECOMMENDED.

Buyer's Administration Fee £2,400.00 Inc VAT (£2,000 + VAT).

EPC rating C.

For more information, please contact Moovd directly.

**Vestibule** - Accessed via UPVc double glazed door and staircase to first floor.

**Landing** - Landing with access to living areas.

**Lounge/ Diner** - 6.70m x 3.79m (21'11" x 12'5") - Lounge with two UPVc windows with rear aspect, two double radiators and laminate flooring.

**Kitchen** - 3.14m x 2.37m (10'3" x 7'9") - Range of wall and base units with contrasting work surface, stainless steel bowl with mixer tap, freestanding gas cooker, plumbing for washing machine, wall mounted Baxi boiler, UPVc window with side aspect, double radiator and vinyl flooring.

**Rear Lobby** - UPVc door to staircase and rear yard.

**Bathroom** - White low level w/c, pedestal high basin, fully tiles, mains electric shower over panelled bath, UPVc double glazed frosted window, double radiator, vinyl flooring.

**Bedroom 1** - 4.14m x 3.99m (13'6" x 13'1") - UPVc front aspect window, double radiator.

**Bedroom 2** - 2.60m x 2.26m (8'6" x 7'4") - UPVc double glazed front aspect window, single and double radiator.

## Property Photos

- ![IMG_0411.jpg](/listings/photos/137133227/1600391) - IMG_0411.jpg
- ![aa555d52-194b-481a-9142-9658d04bde16.JPG](/listings/photos/137133227/1600392) - aa555d52-194b-481a-9142-9658d04bde16.JPG
- ![e0c2fe41-73d6-4939-8403-442d6726f2ad.JPG](/listings/photos/137133227/1600393) - e0c2fe41-73d6-4939-8403-442d6726f2ad.JPG
- ![e56e2a7e-b7c6-47b3-b6d6-21114cfb4ebb.JPG](/listings/photos/137133227/1600394) - e56e2a7e-b7c6-47b3-b6d6-21114cfb4ebb.JPG
- ![f4163549-c353-47fd-8191-151931e9bdfd.JPG](/listings/photos/137133227/1600397) - f4163549-c353-47fd-8191-151931e9bdfd.JPG
- ![IMG_0405.jpg](/listings/photos/137133227/1600398) - IMG_0405.jpg
- ![IMG_0404.jpg](/listings/photos/137133227/1600401) - IMG_0404.jpg
- ![IMG_0401.jpg](/listings/photos/137133227/1600402) - IMG_0401.jpg
- ![IMG_0398.jpg](/listings/photos/137133227/1600404) - IMG_0398.jpg
- ![IMG_0396.jpg](/listings/photos/137133227/1600406) - IMG_0396.jpg
- ![IMG_0407.jpg](/listings/photos/137133227/1600408) - IMG_0407.jpg
- ![IMG_0388.jpg](/listings/photos/137133227/1600410) - IMG_0388.jpg
- ![IMG_0392.jpg](/listings/photos/137133227/1600412) - IMG_0392.jpg
- ![bc4932ac-3f25-4d15-8b06-a909b2523dd8.JPG](/listings/photos/137133227/1600414) - bc4932ac-3f25-4d15-8b06-a909b2523dd8.JPG

## Floorplans

- ![15SilkeysLaneNorthShieldsNE290JT-High.jpg](/listings/photos/137133227/1600416) - 15SilkeysLaneNorthShieldsNE290JT-High.jpg
- ![15SilkeysLaneNorthShieldsNE290JT.jpg](/listings/photos/137133227/1600417) - 15SilkeysLaneNorthShieldsNE290JT.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/137133227/1600418) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 15 SILKEYS LANE, NORTH SHIELDS, NORTH TYNESIDE, TYNE AND WEAR, NE29 0JT | £45,000 | 17/08/2023 | 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 |
|---------|-------|------|------|
| 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] 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:** £77,000 (1 sale)
**Area average:** £79,231 (13 sales)

## Price vs local average

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

- **Local average:** £130,523 (40 Flat, NE29, 2024–2026)
- **Deviation:** -65.5%

## 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 | 0.79 miles | OpenRent |

**Average rent: £895/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.99% (strong)
- **Max investor price (0.8%):** £111,875
- **Target investor price (1%):** £89,500

*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 £895/mo).*

- **Gross yield:** 23.9%
- **Cost-to-rent:** 4.2×
- **Monthly cashflow:** £603/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 55.5%

*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:** 21.5%
- **10y growth:** 66%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -2.7%
- **5y growth (index):** 8.8%
- **10y growth (index):** 26.1%

## 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)

Listing type

Auction

IMG_0411.jpg aa555d52-194b-481a-9142-9658d04bde16.JPG e0c2fe41-73d6-4939-8403-442d6726f2ad.JPG e56e2a7e-b7c6-47b3-b6d6-21114cfb4ebb.JPG f4163549-c353-47fd-8191-151931e9bdfd.JPG IMG_0405.jpg IMG_0404.jpg IMG_0401.jpg IMG_0398.jpg IMG_0396.jpg IMG_0407.jpg IMG_0388.jpg IMG_0392.jpg bc4932ac-3f25-4d15-8b06-a909b2523dd8.JPG

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Property details

Listing category

Auction

Tenure

LEASEHOLD

Floor area

67 m²

Council tax band

Last sold

£45,000 Aug 2023

Local average

£130,523 (-65.5%)

Deprivation

Decile 1 (3,208 of 33,755)

Street crime

430 incidents within 1 mile (May 2026)

Key features

Offered for Sale via Unconditional Online Auction
BUY IT NOW OF £48,500.00 INCLUDING ALL FEES
Two bedroom first floor flat
Let at £425 PCM & Gross yield of 11.33%
Long lease of 960 years remaining
INTERESTED? CALL US!

Additional details

Garden: Yes

Description

Guide Price £45,000 +

STOP & READ ABOUT THIS STUNNING INVESTMENT TODAY!! LET AT £425 PCM AND 11.33% YIELD.

Looking for a BTL investment? Between both Newcastle and Tynemouth? Close to local amenities? Metro Station? A19 & Tyne Tunnel? Look no further than this superb, two-bedroom, first floor flat situated in North Shields.

This attractively priced two-bedroom flat briefly comprises: Entrance vestibule with staircase to central landing space, large lounge diner to rear of the property with an elevated view over the rear shared yard, kitchen, rear lobby with staircase to rear door and family bathroom W.C. To the front of the property are both bedrooms. Externally is a shared yard space with access into the rear lane.

Located in North Shields, close to the Tyne Tunnel (A19) and Tynemouth, the accommodation lies in close proximity to local amenities including Aldi, North Shields Metro station and St Joesph’s Primary School. The A1058 Coast Road allows easy access into Newcastle and larger everyday amenities such as Central Station, Silver Link Retail Park and recreational activities.

A FULL INTERNAL VIEWING IS HIGHLY RECOMMENDED.

Buyer's Administration Fee £2,400.00 Inc VAT (£2,000 + VAT).

EPC rating C.

For more information, please contact Moovd directly.

Vestibule - Accessed via UPVc double glazed door and staircase to first floor.

Landing - Landing with access to living areas.

Lounge/ Diner - 6.70m x 3.79m (21'11" x 12'5") - Lounge with two UPVc windows with rear aspect, two double radiators and laminate flooring.

Kitchen - 3.14m x 2.37m (10'3" x 7'9") - Range of wall and base units with contrasting work surface, stainless steel bowl with mixer tap, freestanding gas cooker, plumbing for washing machine, wall mounted Baxi boiler, UPVc window with side aspect, double radiator and vinyl flooring.

Rear Lobby - UPVc door to staircase and rear yard.

Bathroom - White low level w/c, pedestal high basin, fully tiles, mains electric shower over panelled bath, UPVc double glazed frosted window, double radiator, vinyl flooring.

Bedroom 1 - 4.14m x 3.99m (13'6" x 13'1") - UPVc front aspect window, double radiator.

Bedroom 2 - 2.60m x 2.26m (8'6" x 7'4") - UPVc double glazed front aspect window, single and double radiator.

Listed by

Durham

Our Auction Limited

Reference: 137133227

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

15SilkeysLaneNorthShieldsNE290JT-High.jpg

15SilkeysLaneNorthShieldsNE290JT.jpg

EPC Graphs

EE Rating

Price history

Event	Date	Price	% change
Sold	17/08/2023 (2 years ago)	£45,000	—

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
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 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: £77,000 (1 sale)

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

Map view View on Google Maps View on OpenStreetMap Street View NE29 0JT

Nearby

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

Type	Name	Distance
Bus stop	CHIRTON GREEN-ST GEORGE CRESCENT-S/B	0.1 miles
Bus stop	Chirton Green	0.1 miles
Shop	Premier Chirton Wines	0.1 miles
Shop	The Man Cave	0.1 miles
Hospital	Priory Day Hospital	0.3 miles
Train station	Meadow Well	0.4 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	139
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	430

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	0.79 miles	OpenRent

Average rent: £895/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.99%

Max investor price (0.8%) £111,875

Target investor price (1%) £89,500

Gross yield 23.9%

Cost-to-rent ratio 4.2×

Monthly cashflow £603/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 55.5%

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).