Here are 10 properties in the town and surrounding area which you could pick up for £50,000 or less.
1. Two-bedroomed flat in Wellington Street, Hebburn
Rightmove says this ground-floor flat is "located in an excellent location, just a short stroll from the beautiful Hebburn Park and Hebburn town centre". £50,000.
2. Three-bedroomed flat in Nora Street, South Shields
Rightmove says of the upper floor West Harton flat: "All rooms are light airy and spacious with the master bedroom having a beautiful bay window." £50,000.
3. Two-bedroomed flat in Eglesfield Road, South Shields
Rightmove says of this ground-floor flat in Laygate: "Offered for sale with no upper chain, viewing is essential." £50,000.
4. Three-bedroomed maisonette in Anderson Street, South Shields
With features including communal gardens, Rightmove says of the £45,000 home: "Early viewing is highly recommended due to the property being realistically priced."