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See how verdicts work3-bedroom detached house · NE29 9HG
Listing removedListed 166 daysModern Method of Auction 29 May · ended
Opportunity summary
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About
PROPERTY FOR SALE BY MODERN METHOD OF AUCTION - CASH BUYERS ONLY AUCTION ENDING FRIDAY 29TH MAY AT 1PM SHOWING FANTASTIC POTENTIAL FOR CASH BUYERS ONLY IS THIS THREE BEDROOM DETACHED PROPERTY OCCUPYING A GENEROUS PLOT SITUATED WITHIN THIS SOUGHT AFTER RESIDENTIAL AREA IN PRESTON GRANGE OFFERED WITH NO UPPER CHAIN Briefly comprising: Occupying a sizeable corner plot is this three bedroom detached property in need of a full refurbishment.
Entrance porch leads directly to the living room, benefitting from a dual aspect with stairs to the first floor.
The kitchen overlooks the rear garden and an archway leads to the dining room where sliding patio doors give access out to the rear garden. To the first floor are three bedrooms and bathroom.
Externally there are wrap around gardens, the private rear garden is enclosed and generous in size. To the front there is driveway parking and a garage.
Preston Grange, North Shields is a sought after residential area and has great road and bus routes to Newcastle City centre and surrounding towns.
There are excellent schools within walking distance and fantastic leisure facilities nearby.
North Shields has a good array of local amenities and local shops, a short car ride you can make the most of the regenerated Fish Quay and Tynemouth Village both offering a great selection of restaurants, cafes and beaches.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Entrance Porch - Living Room - 6.74m x 5.69m (22'1" x 18'8") - Kitchen - 2.85m x 2.85m (9'4" x 9'4") - Dining Room - 3.10m x 2.41m (10'2" x 7'10") - Bedroom One - 3.39m x 2.91m (11'1" x 9'6") - Bedroom Two - 2.71m x 2.68m (8'10" x 8'9") - Bedroom Three - 2.70m x 2.37m (8'10" x 7'9") - Bathroom - 2.28m x 1.67m (7'5" x 5'5") - Externally - Externally there are wrap around gardens, the private rear garden is enclosed and generous in size.
To the front there is driveway parking and a garage. Tenure - Freehold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Heybrook Avenue, Preston Grange
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