The Prime Minister’s promise to let first-time buyers get mortgages with just a 5% deposit could see some interesting results in the borough.
Boris Johnson aims to turn ‘generation rent’ into ‘generation buy’ – meaning any property on the market for £100,000 or less could be secured with a £5,000 deposit.
He told the virtual Conservative Party conference our 'broken housing market’ needs fixing by helping young people onto the property ladder who cannot otherwise afford deposits.
Experts have suggested the plan could cost tens of billions of pounds – and even the PM admits reforms will take time.
But the plan has created some excitement among young people planning to buy their first home.
So here are 10 homes for sale in South Tyneside, all for less than £100,000.
5. Titian Avenue, Whiteleas
Pattinson/Zoopla have put this two-bedroom terraced property on the market for £95,000. Photo: Shields Gazette
6. Reginald Street, Boldon Colliery
Zoopla/Your Move are looking for £85,000 for this three-bedroom terraced house near Asda. Photo: Shields Gazette
7. Station Terrace, East Boldon
This refurbished, second floor, one-bedroom apartment is going for £97,500 with Andrew Craig/Rightmove. Photo: Shields Gazette
8. NE32 ii.jpg
This immaculate two-bedroom semi on the Scotch Estate is going for £100,000 with Zoopla/Purplebricks. Photo: Moffat Avenue, Jarrow