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11 Homeside, South Shields 2 bed house for sale
11 Homeside, South Shields
£850,000
11 Homeside, South Shields
£850,000
Our Summary
- FOR SALE BY WAY OF ONLINE AUCTION - ON 27TH OF FEBRUARY 2025
- This freehold site presents a fantastic long-term investment opportunity in a highly desirable location, with the potential for strong rental yields and capital growth
- Call now on[use Contact Agent Button]Auction
Description
This impressive property, situated in the heart of Westoe Village, offers 11 quality apartments on a freehold site of approximately 0.47 acres. The property, which was originally a nursing home, has been converted into modern residential apartments, blending contemporary living with the charm of a historic setting. The apartments are fully occupied and generate an annual return of approximately £80,000, equating to a gross yield of 9%. The location is highly desirable, with easy access to South Shields Town Centre, excellent local transport links, highly regarded schools, beautiful beaches, and picturesque parks. The property presents a fantastic long-term investment opportunity, with the potential for strong rental yields and capital growth.