Bell Street, North Shields, NE30
North East
£480,000
Listed on 08/11/2026
Listed on 08/11/2026
The listing
Property details
Bedrooms
N/AType
Commercial DevelopmentArea
2775 sqftDescription
A freehold development site on Bell Street, North Shields, overlooking the River Tyne and located close to the Fish Quay. The site extends to approximately 257.76 sq m and was last used as a retail showroom and office before that use ceased around 2000. It has been mainly cleared, although an overgrown area and one derelict building remain. A retaining wall lies to the rear, beyond which is amenity woodland.
Planning permission was granted on 24 April 2026 for demolition of the remaining building and construction of a four-storey block of six apartments, with undercroft parking at ground level. The approved plans show four two-bedroom apartments and two three-bedroom apartments, each with a terrace. The application reference is 25/01169/FUL, and planning documents and drawings are available on request.
North Shields Metro station is stated to be 0.6 miles away, with bus routes nearby and the A193 providing a road connection towards Newcastle and the coast. The Fish Quay's restaurants, bars, cafes and markets are within the surrounding area. The property is offered freehold at £480,000 plus VAT, with each party responsible for its own legal costs. Viewing is by appointment through Youngs RPS Limited.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
54out of 100
Grade DWeak opportunity
Confidence: LOW
At £480,000, the site is priced at £173 per sq ft against a local average of £286, making the asking price a standout acquisition opportunity on the supplied comparison. It sits in a riverside setting near North Shields Fish Quay, and planning permission has been granted for a four-storey, six-apartment scheme with undercroft parking and terraces. The proposed building is shown in plans and renderings, not as completed work.
This is a heavy development project rather than a home ready for renovation: the site is overgrown, contains debris and still has a derelict structure. The low price and approved scheme give the opportunity its appeal, but the overall WHOTS score remains weak because the works are extensive and renovation economics are limited by insufficient data.
Key opportunities
- Acquire at a price well below the local £/sq ft average, with the riverside setting and nearby Fish Quay adding to the site’s appeal.
- Deliver the approved four-storey, six-apartment scheme, including four two-bedroom and two three-bedroom apartments with terraces and undercroft parking.
- Shape a substantial cleared-site development, replacing the remaining derelict structure and overgrown ground with the proposed residential scheme.
Key risks
- The cleared-but-untidy site, loose debris and remaining derelict structure mean a heavy demolition and construction programme; plan for a full development project, not a cosmetic refresh.
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Transport
Nearest stations
North Shields (Tyne and Wear Metro Station)
0.5 miles
Metro · North Shields
Tynemouth (Tyne and Wear Metro Station)
0.7 miles
Metro · Tynemouth
South Shields (Tyne and Wear Metro Station)
0.7 miles
Metro · South Shields
Meadow Well (Tyne and Wear Metro Station)
1.2 miles
Metro · Meadow Well
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,961
Based on a loan of £360,000 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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