Elizabeth Street, South Shields, Tyne and Wear

HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.

Property Overview
Address: 2 Elizabeth Street, South Shields, NE33 4PJ
Property Type: Mixed-Use Property (7-Bedroom HMO with Commercial Unit)
Features: Fully renovated with planning permission for sui-generis use
Tenancy Status: Well managed and fully tenanted, including a long-standing commercial tenant on the ground floor
Income Potential: Total monthly income of £4,350.00
Property layout: 3 bathrooms plus an ensuite in room 1 (ground floor) Kitchen diner (first floor)

Investment Highlights
The property at 2 Elizabeth Street in South Shields presents an excellent investment opportunity with a 7-bedroom HMO and a commercial unit, offering a stable income stream. This fully renovated property has been finished to a good standard and has full planning permission for sui-generis use. Located near South Shields town center, the property is ideally positioned to attract tenants from the town’s key employers, including South Tyneside District Hospital and the Port of Tyne.

Location Benefits
South Shields, at the mouth of the River Tyne, offers the best of coastal and urban living. The property benefits from proximity to local shops, cafes, and public services. With easy access to the South Shields Metro station and major road links such as the A19 and A1, the property is ideal for tenants seeking convenient commuting options. The town’s ongoing regeneration through the South Shields 365 plan promises to further enhance local amenities and property values.

Economic and Market Potential
South Shields is experiencing revitalization with projects aimed at improving its retail, leisure, and housing sectors. This ongoing investment will likely increase the property’s capital value, making it a lucrative long-term investment. The town’s growing popularity, combined with attractions like Sandhaven Beach and cultural venues such as the Customs House, ensures a high quality of life for residents, maintaining consistent tenant demand.

Financial Performance

Total Monthly Income: £4,350.00
Annual Income: £52,200.00
Gross Yield: 14.91% (based on a sale price of £350,000)
Expenditure: Gas (£200), Electric (£115), Water (£34) Broadband (£49.99), Cleaner (£36), Fire Alarm Testing (£18), Additional costs (TBC)
The property generates a strong gross yield of 14.91%, with the full running costs currently being finalized. This suggests a potentially profitable venture for investors, with scope for both steady rental income and future capital appreciation.

Income Breakdown (Monthly):

Room 1: £650.00
Room 2: £400.00
Room 3: £600.00
Room 4: £550.00
Room 5: £500.00
Room 6: £550.00
Room 7: £500.00
Shop: £600.00
Total Monthly Income: £4,350.00

Annual Income: £52,200.00

Expenditure Breakdown (Monthly):

Gas: £200.00
Electric: £115.00
Water: £34.00
Council Tax: TBC
Broadband: £49.99
Cleaner: £36.00
Fire Alarm Testing: £18.00
Total Monthly Expenditure: TBC

Annual Expenditure: TBC

Net Annual Income: TBC (calculated as Total Income - Total Expenditure)

Gross Yield: 14.91% (calculated as Annual Income / Sale Price)

Net Yield: TBC (calculated as Net Annual Income / Sale Price)

Commentary: This financial summary for the properties at 2 Elizabeth St and 52 Westoe Rd, South Shields, shows a gross annual income of £52,200.00, which results in a healthy gross yield of 14.91% based on the sale price of £350,000. As the property has recently been converted, we are in the process of establishing full running costs with the seller. Please contact our office for more information.