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

Prime Property Auctions is offering a stunning 2-bedroom flat in South Shields, Tyne and Wear, with a guide price of £72,000. The property is located in a prime area, close to schools, local amenities, and public transport, making it an attractive investment opportunity. With a potential annual income of £9,540 for rental purposes or £17,885 for serviced accommodation, this property offers a gross yield of 13.25% or 24.84%, respectively. The property is in fantastic condition and is readily let, making it a turnkey investment. Local sales evidence suggests that similar properties in the area have sold for £129,000 and £110,000, indicating potential for capital growth. The property is open to immediate offers and will feature in an upcoming timed online auction.