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North East
£40,000Guide Price
Listed on 10/09/2026
Listed on 10/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom flat in South Shields presents a unique opportunity for those looking to invest in a property with potential. Priced at £40,000, the asking price is significantly below the local average, making it an attractive entry point for buyers willing to undertake a renovation project. The flat is well-situated just a mile from the centre of South Shields, with convenient access to Chichester underground station for direct transport into town.
While the property does require work, it offers a blank canvas for improvement. The new 990-year lease with peppercorn ground rent adds to its appeal, ensuring long-term security for potential owners. With the right vision, this flat could transform into a desirable living space in a convenient location, making it a worthwhile consideration for those looking to add value through renovation.
None recorded.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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