2 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Prime Property Auctions is excited to bring to market this stunning 2 bedroom flat located within a prime location in South Shields * Guide price £80,000 *
- *6, Alverthorpe Street, South Shields, Tyne and Wear, NE33 4 BJ sold for £129,000 in March 2023, 110, Birchington Avenue, South Shields, Tyne and Wear NE33 4 SA sold for £110,000 in October 2022 *
- Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for a turnkey investment opportunity in a popular buy to let location.
- For rental purposes, the property is currently tenanted at £400 p/m. This provides an annual income of £4,800.
- Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 23.8% based on a 70% occupancy rate. Subject to necessary
- Prime Property Auctions is excited to bring to market this compact 2 bedroom flat located within a prime location in South Shields * Guide price £75,000 *
- *6, Alverthorpe Street, South Shields, Tyne and Wear, NE33 4BJ sold for £129,000 in March 2023, 110, Birchington Avenue, South Shields, Tyne and Wear NE33 4SA sold for £110,000 in October 2022 *
- Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for a turnkey investment opportunity in a popular buy to let location.
- For rental purposes, the property is currently tenanted at £400 p/m. This provides an annual income of £4,800.
- Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 23.8% based on a 70% occupancy rate. Subject to necessary licensing and consents. Sure to appeal to a shrewd investor. * MASSIVE POTENTIAL YIELD *
Prime Property Auctions is excited to bring to market this compact 2 bedroom flat located within a prime location in South Shields * Guide price £75,000 *
Property comprises: Entrance hallway, living room, kitchen, dining area, 2 bedrooms, and a vibrant bathroom.
Fantastic turnkey investment. Property is situated in an up and coming area, close to schools and local amenities.
Prime Opportunity for Property investors looking for a property in an excellent location. Property IS in fantastic condition and is readily let. Fantastic Capital growth potential. Sure to appeal to investors looking for Rare auction property.
Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 23.8% based on a 70% occupancy rate. Subject to necessary licensing and consents. Sure to appeal to a shrewd investor. * MASSIVE POTENTIAL YIELD *
Local sales evidence:
*6, Alverthorpe Street, South Shields, Tyne and Wear, NE33 4BJ sold for £129,000 in March 2023, 110, Birchington Avenue, South Shields, Tyne and Wear NE33 4SA sold for £110,000 in October 2022 *
For rental purposes, the property is currently tenanted at £400 p/m. This provides an annual income of £4,800.
Property is located near a whole host of local amenities including schools, coffee shops, bars and restaurants, with public transport nearby for easy access into the city centre - *PRIME LOCATION*
Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 22.3% based on a 70% occupancy rate. Sure to appeal to a shrewd investor. * MASSIVE POTENTIAL YIELD *
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
South Shields is a vibrant coastal town located at the mouth of the River Tyne, just 12 miles east of Newcastle upon Tyne in the North East of England. Known for its stunning coastline, rich history, and welcoming community, South Shields offers a unique mix of seaside charm and urban convenience, making it an attractive place to live for families, professionals, and retirees alike.
Transport links in South Shields are excellent, making it easy to commute to nearby Newcastle upon Tyne and other parts of the North East. The town is served by the Tyne and Wear Metro system, offering quick and convenient access to Newcastle city center, as well as direct links to Sunderland and Gateshead. Regular bus services and good road connections, including the A19 and A194, further enhance the town's accessibility.
The town is home to award-winning sandy beaches, including Sandhaven Beach, which is perfect for sunbathing, swimming, and enjoying a variety of water sports. The dramatic cliffs and scenic walking trails along The Leas, a National Trust-protected coastal area, offer breathtaking views of the North Sea and are a haven for nature lovers and walkers. Marine Park, with its boating lake, miniature railway, and picturesque gardens, is another popular spot for outdoor relaxation and family fun.
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Property reference 209633144. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
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Broadband availability and predicted speed: obtained from Ofcom on February 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on February 13, 2015 from 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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