Initial price	£80,000
10/09/24	£75,000
04/10/24	£72,000
Price Change	-10.00%

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: Prime Property Auctions is offering a stunning 2-bedroom flat in a prime location in South Shields, Tyne and Wear, with a guide price of £72,000. The property is currently tenanted at £400 per month, generating an annual income of £4,800, and has massive potential for serviced accommodation, generating an annual income of £17,885 or a gross yield of 24.84%. The property is in fantastic condition and is situated in an up-and-coming area close to schools and local amenities, with excellent transport links to Newcastle upon Tyne and other parts of the North East. The local sales evidence suggests strong capital growth potential, with similar properties in the area selling for £129,000 and £110,000 in recent months. This is a rare opportunity for property investors to purchase a turnkey investment with huge potential for returns.