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Ocean Road, South Shields 7 bed end of terrace house for sale
Ocean Road, South Shields
£350,000
Ocean Road, South Shields
£350,000
Our Summary
- FOR SALE BY WAY OF ONLINE AUCTION - ON 30TH OCTOBER 2025 Terms and Conditions apply
- Fantastic Investment Opportunity - 7 Room HMO / Guest House, South ShieldsDon't miss out on this fantastic investment opportunity to purchase a well presented HMO property via auction
- Perfectly located on Ocean Road, this property offers excellent long term potential and consistent rental returns
- The HMO licence renewal is currently in progress, and a decision notice confirms planning permission for change of use
- Rents have not been increased for over two and a half years, offering clear potential for growth
- Fantastic Investment Opportunity - Sure To Be In Demand
Description
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Here is a summary of the property description in a single paragraph:
This fantastic investment opportunity is a well-presented 7-room HMO/guest house located on Ocean Road in South Shields, within walking distance of popular attractions. The property has excellent long-term potential and consistent rental returns, with a current gross rental income of £3,559 per month (£42,708 per annum). The seller has confirmed that all key compliance documents are in place, including energy and gas safety certificates, and the HMO licence renewal is currently in progress. The property is freehold, with planning permission for change of use, and offers a great chance to grow rents, which have not been increased in over two and a half years. With its central location and high rental yield, this property is not to be missed - don't miss the open house on October 18th or register your interest to bid at the online auction on October 30th.