2 bedroom flat for sale

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2 bedroom flat for sale

Collingwood Street, South Shields NE33
£60,000

Price History

Initial price £65,000
16/03/25 £63,000
22/03/25 £61,000
29/03/25 £59,000
06/04/25 £65,000
11/04/25 £60,000
17/04/25 £58,000
23/04/25 £56,000
06/05/25 £60,000
Price Change -7.69%

Description

This 2-bedroom flat in South Shields is a lucrative investment opportunity, currently generating an annual gross income of £4,800 and offering potential for growth to £6,924 with long-term tenants already in place. The well-maintained property features 2 bedrooms, a bathroom, lounge, kitchen, and on-street parking, making it an attractive addition to any investor's portfolio. With a current tenant situated, the new owner can benefit from a hassle-free transition and a steady income stream. The property is located near valuable amenities, providing a convenient living situation for tenants.