78 Ravensworth Terrace, South Shields, Tyne and Wear, NE33 4JX
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 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 ***
- ***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 **
- Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for a turnkey investment opportunity in a popular buy to let location.
- For rental purposes, the property is currently tenanted at £400 p/m. This provides an annual income of £4,800.
- Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 24.84% based on a 70% occupancy rate and a guide price of
Description
- 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 ***
- ***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 ***
- Fantastic Capital growth potential. Sure to appeal to shrewd investors looking for a turnkey investment opportunity in a popular buy to let location.
- For rental purposes, the property is currently tenanted at £400 p/m. This provides an annual income of £4,800.
- Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 24.84% based on a 70% occupancy rate and a guide price of £72,000. 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.
Fantastic turnkey investment.Property is situated in an up and coming area, close to schools and local amenities.
Prime Opportunity for Property investors looking for a property in an excellent location. Property IS in fantastic condition and is readily let. Fantastic Capital growth potential. Sure to appeal to investors looking for Rare auction property.
Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 24.84% based on a 70% occupancy rate and a guide price of £72,000. Subject to necessary licensing and consents. *** 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 is currently tenanted at £400 p/m. This provides an annual income of £4,800.
Property is located near a whole host of local amenities including schools, coffee shops, bars and restaurants, with public transport nearby for easy access into the city centre - ***PRIME LOCATION***
Property could achieve upto £70 per night as a serviced accommodation, generating an annual income of £17,885 per annum or a gross yield of 24.84% based on a 70% occupancy rate and a guide price of £72,000. Subject to necessary licensing and consents. *** MASSIVE POTENTIAL YIELD ***
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
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. For further details on how to have a bidding account created please contact the team.
Location:
South Shields is a vibrant coastal town located at the mouth of the River Tyne, just 12 miles east of Newcastle upon Tyne in the North East of England. Known for its stunning coastline, rich history, and welcoming community, South Shields offers a unique mix of seaside charm and urban convenience, making it an attractive place to live for families, professionals, and retirees alike.
Transport links in South Shields are excellent, making it easy to commute to nearby Newcastle upon Tyne and other parts of the North East. The town is served by the Tyne and Wear Metro system, offering quick and convenient access to Newcastle city center, as well as direct links to Sunderland and Gateshead. Regular bus services and good road connections, including the A19 and A194, further enhance the town's accessibility.
The town is home to award-winning sandy beaches, including Sandhaven Beach, which is perfect for sunbathing, swimming, and enjoying a variety of water sports. The dramatic cliffs and scenic walking trails along The Leas, a National Trust-protected coastal area, offer breathtaking views of the North Sea and are a haven for nature lovers and walkers. Marine Park, with its boating lake, miniature railway, and picturesque gardens, is another popular spot for outdoor relaxation and family fun.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
78 Ravensworth Terrace, South Shields, Tyne and Wear, NE33 4JX
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About Prime Property Auctions (Scotland) Ltd, Glasgow
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Visit our security centre to find out moreDisclaimer - Property reference 209633144. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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