Wharton Street, South Shields
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
3-bedroom upper flat with a tenant in situ (since 2021) on a periodic tenancy, generating £478 PCM rental income, with potential for a rent increase.
For Investors
This property is situated in a sought-after area of South Shields, an established rental market. Nearby developments and regeneration projects in South Tyneside, including improvements to local amenities and the seafront, enhance its appeal to renters and buyers alike.
Key investment highlights:
Scope for Rent Increase: Current rental income of £478 PCM is below market rates for similar properties in the area.
Tenant in Situ: Reliable tenants since 2021 (father and daughter). No arrears/missed payments throughout tenancy.
Strong Connectivity: Excellent transport links (see below).
Local Amenities
Education: The property is close to well-rated schools.
Recreation:
South Shields Seafront and its iconic parks are within a short drive.
Cultural attractions include Arbeia Roman Fort and The Customs House theatre.
Shopping and Health:
Local shops are accessible within a 5-minute walk.
South Tyneside District Hospital is just 1.5 miles away.
Transport Links
This property is well-connected for commuters and residents:
Metro Station: Chichester Metro Station, 0.7 miles away (approx. 15-minute walk).
Road Access: Easy access to the A194(M), leading to the A1 and A19.
Public Transport: Regular bus services operate from the nearby bus stops.
Air Travel: Newcastle International Airport is a 25-minute drive (12 miles).
South Shields town centre is just 1 mile away, and Newcastle city centre is a 25-minute drive.
General Data
Floor Area: 785 ft² (73 m²)
Plot Size: 0.03 acres
Council Tax Band: Band A (£1,465/year)
EPC Rating: Current D (68), Potential C (77).
Tenure: Freehold, with ownerhip of leasehold of next door (South Tyneside Lease)
Rental Income: £478 PCM, potential for increase.
Broadband Speeds: Superfast up to 80 Mbps, Ultrafast 1,000 Mbps available.
Mobile Network Coverage: Good coverage for O2, EE, Three, and Vodafone.
This property is an attractive option for investors looking to capitalize on rental growth and secure a foothold in South Shields' property market.
Brochures
Full Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Wharton Street, South Shields
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412 Aiden House Tynegate Precinct, Sunderland Road, Gateshead, NE8 3HU
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Visit our security centre to find out moreDisclaimer - Property reference 12554464. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by 10Homes, Gateshead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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