# 2 bedroom ground floor flat for rent (NE29 0JT)

## Property Details

| Key | Value |
|-----|-------|
| Address | 41 SILKEYS LANE, NORTH SHIELDS, NORTH SHIELDS, TYNE AND WEAR NE29 0JT |
| Price | £375 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 68 m² |
| Last sold | £73,750 Mar 2007 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 01/07/2029
- **Current heating cost:** £469/year
- **Est. upgrade cost to C:** £11,015

### Recommendations
- B (£500 - £1,500)
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- E (£15)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0357-2822-6134-9401-1375)

## Description

Two bedroom ground floor flat located close to local amenities of North Shields Town Centre. The property comprises a good sized lounge with and laminate flooring. The property has two bedrooms; the master being a good size with built in cupboards. The kitchen has ample base and wall units. The property has been fitted with a new kitchen and bathroom.  The bathroom comprises a white suite with full height tiling.  Available now unfurnished.

## Property Photos

- ![Photo](/listings/photos/63554922/1600442)
- ![Photo](/listings/photos/63554922/1600443)
- ![Photo](/listings/photos/63554922/1600444)
- ![Photo](/listings/photos/63554922/1600445)
- ![Photo](/listings/photos/63554922/1600446)
- ![Photo](/listings/photos/63554922/1600447)

## EPC Graphs

- ![EPC](/listings/photos/63554922/1600448) - EPC

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #7950659
- **Address:** 41 Silkeys Lane, NORTH SHIELDS, NE29 0JT
- **Certificate Issued:** 14/02/2011
- **Work Completed:** 13/01/2011
- **Items:** 4 window(s)

## 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 | 0.8 miles | OpenRent |

**Average rent: £895/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £895/mo).*

- **Gross yield:** 2864%
- **Monthly cashflow:** £779/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8596.1%

*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).*

## Price per Square Metre

- **£/m²:** £6/m²

## 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)