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2 bedroom flat for sale
78 Ravensworth Terrace, South Shields, Tyne and Wear, NE33 4JX
£65,000
78 Ravensworth Terrace, South Shields, Tyne and Wear, NE33 4JX
£65,000
Our Summary
- Sure to appeal to shrewd investors looking for a turnkey investment opportunity in a popular buy to let location
- Subject to necessary licensing and consents
- *** MASSIVE POTENTIAL YIELD *** Prime Property Auctions is excited to bring to market this stunning 2 bedroom flat located within a prime location in South Shields *** Guide price £72,000 *** Property comprises: Entrance hallway, living room, kitchen, dining area, 2 large bedrooms, and a vibrant bathroom
- Sure to appeal to investors looking for Rare auction property
- *** MASSIVE POTENTIAL YIELD *** Local sales evidence: ***6, Alverthorpe Street, South Shields, Tyne and Wear, NE33 4BJ sold for £129,000 in March 2023, 110, Birchington Avenue, South Shields, Tyne and Wear NE33 4SA sold for £110,000 in October 2022 *** For rental purposes, the property could achieve £795 p/m
- *** MASSIVE POTENTIAL YIELD *** This lot is open to immediate offers
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
Prime Property Auctions is excited to bring to market a stunning 2-bedroom flat in South Shields, Tyne and Wear, with a guide price of £72,000. The property is situated in a prime location, close to schools and local amenities, and offers fantastic capital growth potential. The flat comprises an entrance hallway, living room, kitchen, dining area, two large bedrooms, and a vibrant bathroom. With its excellent condition and potential for rental income, this property is a rare opportunity for investors looking for a turnkey investment. The property could achieve £795 per month in rental income, providing an annual income of £9,540 and a gross yield of 13.25%. Alternatively, it could be used as a serviced accommodation, generating an annual income of £17,885 or a gross yield of 24.84%. Local sales evidence suggests that similar properties in the area have sold for significantly higher prices, making this a prime opportunity for investors to capitalize on the area's growth potential.