1/4

2 bed flat for sale Olive Street, South Shields, NE33

Offers in excess of

£54,950

Added on 24/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 1
Tenure: Freehold

Council tax Band A £1,623 a year

Key features

Ground Floor Flat
Two Bedrooms
One Reception
Convenient Location
Viewing A Must
EPC - D
council tax band - A

About this property

This two bedroom ground floor flat offers versatile living accommodation, and is currently used as a 1 bedroom /2 reception room home. The property is an a handy location, close to shops and bus links on Stanhope Road, as well as being conveniently close to Tyne Dock Metro station.

EPC Rating D

Council Tax Band A

Tenure - The agent understands the property to be Freehold. However, this should be confirmed with a licensed legal representative.

Council tax

Band A £1,623 a year

Per year

Band A

This home: £1,623
Band B

£1,893
Band C

£2,164
Band D

£2,434
Band E

£2,975
Band F

£3,516
Band G

£4,057
Band H

£4,869

This home is in band A, which costs £1,623 a year in South Tyneside for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across South Tyneside, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Price guide

34 comparables · within 2.9 miles

Cheaper than 97% of the 2-bed flats for sale nearby right now.

This home, £54,950 Median £107,498 · £75,000 – £253,500

Compared with 34 2-bed flats for sale within 2.9 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Olive Street, South Shields, NE33

Open map Street View

Mortgage and stamp duty

Property price £54,950

£27k £83k

Deposit9% £5,000

£0 £55k

Lenders usually want at least 10%

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £49,950 mortgage. Most lenders would want a household income of about £12,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
56, Olive Street Flat / maisonette	Flat / maisonette	Mar 2026	570 sq ft £65/sq ft	570 sq ft	£65	£37,000
68, Olive Street Semi-detached	Semi-detached	Jun 2025	764 sq ft £144/sq ft	764 sq ft	£144	£110,000
50, Olive Street Flat / maisonette	Flat / maisonette	Aug 2021	893 sq ft £52/sq ft	893 sq ft	£52	£46,500
16, Olive Street Terraced	Terraced	Nov 2018	936 sq ft £61/sq ft	936 sq ft	£61	£57,000
10, Olive Street Flat / maisonette	Flat / maisonette	Sept 2015	710 sq ft	710 sq ft	n/a	£29,000
35, Olive Street Terraced	Terraced	Sept 2012	786 sq ft £102/sq ft	786 sq ft	£102	£79,950
10, Olive Street Flat / maisonette	Flat / maisonette	Aug 2007	710 sq ft	710 sq ft	n/a	£25,000
56, Olive Street Flat / maisonette	Flat / maisonette	May 2006	570 sq ft £96/sq ft	570 sq ft	£96	£54,500