Wharton Street

Spacious 3-Bed Upper Flat in South Shields – Ideal Investment Opportunity 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.