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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 11TH OF DECEMBER 2025- Terms and Conditions apply
- Fantastic Investment Opportunity - 7 Room HMO, ALL of which are currently tenanted
- Each room comes with their own private bathrooms/ 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
This fantastic investment opportunity is a 7-room HMO property located on Ocean Road in South Shields, currently generating a gross rental income of £3,559 per calendar month (£42,708 per annum). The property is perfectly situated, within walking distance of popular attractions, restaurants, and parks. The seller has confirmed that all necessary compliance documents are in place, including energy and gas safety certificates, and the HMO licence renewal is currently in progress. The property has been well-presented and has the potential for consistent rental returns. With rents not having been increased in over two and a half years, there is clear potential for growth. This is a rare opportunity to purchase a well-established HMO property, and interested buyers are advised to act quickly to arrange a viewing or attend the open house.