# 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 |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 67 m² |
| Last sold | £45,000 Aug 2023 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 31/03/2029
- **Current heating cost:** £394/year

### Recommendations
- Q (14,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8181-7724-6850-5369-1906)

## 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).*

## Price per Square Metre

- **£/m²:** £672/m²

## 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)