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Oxford Street, South Shields NE33

North East

£59,950
Listed on 12/04/2026

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor flat features two bedrooms and presents a valuable opportunity for investors or cash buyers seeking to increase property value through renovation. The flat includes a spacious living room and a separate area designated for a kitchen, which currently requires complete fitting out, making it an appealing project for those looking to customize their space. The property is fitted with gas central heating and double glazing, ensuring comfort and efficiency. Additionally, there is a small shower room accessible from the entrance hall and a private rear yard with potential for outdoor enhancements. With early possession available and a long leasehold title extending 999 years from 2007, this flat offers considerable investment potential in an accessible location.

Investment Analysis

(NE33 area)
Area Average
£142/sq ft
Avg Rent (weekly)
£149
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE33)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +11.9%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on NE33 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Oxford Street, South Shields NE33
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£212
Based on a loan of £44,962 over 30 years at 3.91% interest

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.

Stamp Duty Calculator

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