Here are 10 properties in the town and surrounding area which you could pick up for £50,000 or less.
5. One-bedroomed flat for sale in Gainsborough Avenue, South Shields
Rightmove says: "An ideal first time buy or investment opportunity has arisen in this well presented one bedroom first floor flat." It adds: "This property is sure to appeal." £40,000.
6. One-bedroomed flat in Glasgow Road, Jarrow
Rightmove says this is a "well presented one bedroom ground floor flat"and is "ideally located for local shops and amenities". Offers in excess of £40,000.
7. One-bedroomed flat in Olive Street, South Shields
Righmove writes about this ground floor property: "Close to the Metro and with great local amenities, the property would make a great first time buy or buy-to-let investment." Offers over £35,000.
8. One-bedroomed flat in Moreland Road, South Shields
Rightmove says: "A great buy-to-let or property to downsize, this one bedroom upper flat on the popular Whiteleas Estate is sold with no upper chain." £38,000.