It is coming up for auction at a knock down price on a street in South Shields where a similar property sold for £106,000 this year
As potential bargains go, this property in South Shields is right up there.
It goes to auction at the end of this month and has a guide price of just £15,000.
For the money you get a two bedroom flat on Mowbray Road, not far from the coast of this pleasant seaside town.
It has two reception rooms as well as a kitchen and bathroom with access to a rear yard. It is generally in not bad condition although it does need a bit of updating.
For potential buyers there are a number of reasons to purchase it. For a first time buyer, not afraid of a bit of a project, it could represent the first rung of the property ladder.
Once updated, it could prove an attractive flat to rent as living by the coast is growing ever more popular.
And there are of course many attractions in South Shields with its close proximity to the sea and good transport links to Newcastle and the surrounding area.
According to figures released by Zoopla this month, flats in South Shields sold for an average price of £102,816, so this flat could represent quite a steal. A two bed flat in Mowbray Road sold for £106,000 earlier this year.
It is being sold by Taylor James Auctions and bidding begins at 8am on October 27.
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