# 2 bedroom flat for sale (NE33 1EQ) ## Property Details | Key | Value | |-----|-------| | Address | FLAT A, QUADRANT, 55, MILL DAM, SOUTH SHIELDS, TYNE AND WEAR NE33 1EQ | | Price | £129,950 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | A | | Construction age | England and Wales: before 1900 | | Floor area | 52 m² | | Last sold | £123,380 Mar 2026 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 20/12/2026 - **Current heating cost:** £505/year - **Est. upgrade cost to C:** £14,900 ### Recommendations - Q (£4,000 - £14,000) - W1 (£800 - £1,200) - O (£3,300 - £6,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9544-2899-7023-9226-7651) ## Description Nestled within a Grade II listed building, this ground floor apartment offers a blend of historic charm and modern convenience. Welcoming you through its doors are two spacious bedrooms, providing a tranquil retreat ideal for unwinding after a long day. Upon entering the property, the stunning integrated kitchen catches the eye, beckoning you to indulge your culinary aspirations. The open plan living area seamlessly connects the kitchen with the rest of the apartment, creating a harmonious space ideal for entertaining guests or enjoying a cosy night in. The apartment boasts river views, offering a picturesque backdrop that enhances the tranquillity of the living space. Imagine waking up each morning to the sight of the sun glistening on the water, filling the room with a sense of calm and serenity. Convenience is key with this property, as it is located within walking distance of the town centre and various transport links. Whether you're heading out for a night on the town or commuting to work, the central location of this apartment ensures that everything you need is just a stone's throw away. In addition to the apartment's charms, residents have access to a communal garden, providing a tranquil oasis in the heart of the bustling city. Imagine enjoying a leisurely stroll through lush greenery or unwinding with a book in a peaceful corner of the garden - the possibilities for relaxation and rejuvenation are endless. Offered with no onward chain, this property presents a rare opportunity to secure a piece of history combined with modern comfort. Don't miss your chance to make this apartment your own and enjoy a lifestyle of convenience, beauty, and comfort. Contact us today to arrange a viewing and take the first step towards calling this exquisite apartment your new home. ## Property Photos - ![Photo](/listings/photos/164990246/1086313) - ![Lounge](/listings/photos/164990246/1086314) - Lounge - ![Kitchen](/listings/photos/164990246/1086315) - Kitchen - ![Photo](/listings/photos/164990246/1086316) - ![Lounge](/listings/photos/164990246/1086317) - Lounge - ![Kitchen](/listings/photos/164990246/1086318) - Kitchen - ![Bedroom One](/listings/photos/164990246/1086319) - Bedroom One - ![Bedroom One](/listings/photos/164990246/1086320) - Bedroom One - ![Bedroom Two](/listings/photos/164990246/1086321) - Bedroom Two - ![Bedroom Two](/listings/photos/164990246/1086322) - Bedroom Two - ![Hallway](/listings/photos/164990246/1086323) - Hallway - ![Bathroom](/listings/photos/164990246/1086324) - Bathroom - ![Photo](/listings/photos/164990246/1086325) - ![Photo](/listings/photos/164990246/1086326) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | QUADRANT, 55 FLAT A MILL DAM, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1EQ | £123,380 | 02/03/2026 | Flat | | QUADRANT, 55 FLAT A MILL DAM, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1EQ | £99,500 | 01/07/2019 | Flat | | QUADRANT, 55 FLAT A MILL DAM, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1EQ | £65,000 | 07/06/2017 | 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 | |---------|-------|------|------| | 16 FERRY APPROACH, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1JJ | £160,000 | 14/04/2023 | Flat | | 5 FERRY APPROACH, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1JJ | £175,000 | 25/11/2022 | Flat | | 17 FERRY APPROACH, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1JJ | £185,000 | 13/05/2022 | Flat | | 15 FERRY APPROACH, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1JJ | £142,500 | 26/11/2021 | Flat | | 18 FERRY APPROACH, SOUTH SHIELDS, SOUTH TYNESIDE, TYNE AND WEAR, NE33 1JJ | £150,000 | 08/10/2021 | Flat | **Area average:** £162,500 (5 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £86,374 (37 Flat, NE33, 2024–2026) - **Deviation:** +50.5% ## Rental Range *ONS Price Index of Private Rents (South Tyneside). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £653/mo - **Realistic:** £726/mo - **Optimistic:** £799/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Tyneside (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £549/mo ## 1% Rule - **Rent ratio:** 0.56% (weak for cashflow) - **Max investor price (0.8%):** £90,750 - **Target investor price (1%):** £72,600 *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 Area rent estimate.* ## Price per Square Metre - **£/m²:** £2,499/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -15.1% - **10y growth:** 33.5% ## House Price Index (HM Land Registry) *Official index for South Tyneside; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -2.6% - **5y growth (index):** 6.3% - **10y growth (index):** 20.2% ## 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)