2 bedroom flat for sale

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2 bedroom flat for sale

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.