Richmond Road, South Shields NE34 2 bed flat for sale

>

Richmond Road, South Shields NE34 2 bed flat for sale

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.