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11 Homeside, South Shields 2 bed house for sale
11 Homeside, South Shields
£975,000
11 Homeside, South Shields
£975,000
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 in Westoe Village, South Tyneside, offers 11 modern residential apartments on a freehold site of approximately 0.47 acres. The property is situated in a highly sought-after residential area, surrounded by larger, characterful homes, and is just north of South Tyneside College. The apartments are fully occupied, providing a return of approximately £80,000 per annum, equivalent to a gross yield of 9% per annum. The location offers easy access to South Shields Town Centre, excellent local transport links, highly regarded schools, beautiful beaches, and picturesque parks, making it an attractive option for renters. The property has a blend of contemporary living and historic charm, with a mix of one, two, and three-bedroom apartments, each with its own private entrance door. The freehold site presents a fantastic long-term investment opportunity, with the potential for strong rental yields and capital growth.