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.
1. Ada Street, South Shields
This two-bedroom flat near Westoe Road has a guide price of £90,000. Zoopla/Express Estate Agency. Photo: Shields Gazette
2. Lyon St, Hebburn
This two-bedroom mews house in on the market with Zoopla/MRA Property at £92,000. Photo: Shields Gazette
3. Seine Court, Jarrow
This spacious two-bedroom semi is for sale with Zoopla/Chase Holmes at £93,000. Photo: Shields Gazette
4. The Cove, South Shields
This two-bedroom, first floor apartment overlooking the River Tyne is up for £89,950. Zoopla/Colin Lilley. Photo: Shields Gazette