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2 bedroom flat for sale
Richmond Road, South Shields NE34
£63,500
Richmond Road, South Shields NE34
£63,500
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 |
31/01/25 | £68,000 |
27/02/25 | £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 |
30/04/25 | £57,500 |
07/05/25 | £63,500 |
Price Change | -9.29% |
Description
This 2-bedroom flat in South Shields is a great investment opportunity, offering a current annual gross income of £5,280 and potential to increase to £7,500 with long-term tenants already in place. The property is well-maintained and features 2 bedrooms, a lounge, kitchen, and bathroom. The current tenants have been paying rent consistently for several years and have no plans to move out, making it a stable and lucrative investment. With a purchase price that will yield a worthwhile return, this property is an attractive addition to any investor's portfolio.