Laygate, South Shields NE33 2 bed flat for sale

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Laygate, South Shields NE33 2 bed flat for sale

Laygate, South Shields NE33
£50,000

Price History

Initial price £65,000
05/09/25 £55,000
18/09/25 £50,000
Price Change -23.08%

Description

This 2-bedroom flat in South Shields is a great investment opportunity for those looking to expand their portfolio. The property is well-maintained and features a lounge, kitchen, and three-piece bathroom. Currently, it generates an annual gross income of £6,600 with tenants who have been in the property for several years and have a history of paying their rent on time. The property's potential rental income and purchase price make it a worthwhile addition to an investor's portfolio, and the current tenants do not intend to move out, ensuring a smooth transition for the buyer.