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East Percy Street, North Shields

North East

£425,000
Listed on 12/06/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This substantial property presents a remarkable renovation opportunity situated in the heart of North Shields, specifically at Fish Quay. With permitted development rights already secured for residential conversion, it offers the potential to transition from office space to a customized home environment or multiple residential units. The property's four floors encompass a generous layout that currently features various office spaces, including open-plan areas, private offices, and meeting rooms. The design supports easy adaptation for residential living while retaining elements that could be leveraged for mixed-use purposes. Convenience is enhanced with kitchen facilities and W.C.s spread across several levels and independent electrical and heating systems available on each floor. Location is a key advantage here. Positioned on East Percy Street, the property is surrounded by a blend of thriving businesses and established homes, contributing to a vibrant community atmosphere. Nearby amenities are plentiful, and excellent transport links—including Tynemouth Metro Station—provide straightforward access to Newcastle City Centre and major road routes such as the A19. Notably, adjacent land is undergoing upscale developments, fostering positive growth potential for the area while ensuring that your views remain unobstructed due to the elevation difference. For those seeking an investment opportunity or wishing to create a personalized dwelling tailored to their specifications, this property stands out as a versatile option worthy of consideration in an increasingly sought-after coastal locale.

Investment Analysis

(NE30 area)
Area Average
£271/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE30)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 16.1%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on NE30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

East Percy Street, North Shields
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,557
Based on a loan of £318,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE