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Richmond Road, South Shields NE34 2 bed flat for sale
Richmond Road, South Shields NE34
£55,000
Richmond Road, South Shields NE34
£55,000
Price History
Initial price | £70,000 |
06/12/24 | £65,000 |
14/12/24 | £63,000 |
21/12/24 | £70,000 |
24/12/24 | £68,000 |
03/01/25 | £66,000 |
10/01/25 | £64,000 |
17/01/25 | £70,000 |
01/02/25 | £68,000 |
28/02/25 | £63,500 |
13/03/25 | £61,500 |
20/03/25 | £59,500 |
27/03/25 | £57,500 |
04/04/25 | £63,500 |
09/04/25 | £61,500 |
18/04/25 | £59,500 |
01/05/25 | £57,500 |
08/05/25 | £63,500 |
01/08/25 | £58,000 |
29/08/25 | £55,000 |
Price Change | -21.43% |
Description
This 2-bedroom flat in South Shields is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, lounge, kitchen, and bathroom, and is currently generating an annual gross income of £5,280. With a market rate of £7,500, the new owner can increase the rental returns. The property has a long-term tenant currently situated, who has consistently paid rent for several years and has no intention of moving out. With a Let Property Pack available for further details, this is a worthwhile addition to any investor's portfolio, offering a smooth transaction process and potential for long-term returns.