2-bedroom house · NE29 7QZ
Listing removedListed 83 daysAuction 18 Aug · ended
Opportunity summary
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About
Strapline Auction Sale - 18/08/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A two bedroom mid terrace house, benefitting from off road parking and a rear garden, in need of some modernisation, well located for North Shields town centre amenities, with extension potential subject to requisite consents.
Vacant. Description A two bedroom mid terrace house. Externally the property benefits from off road parking and a rear garden. In need of some modernisation.
Extension potential subject to requisite consents. Vacant. Location Located on Richmond Grove, accessed off Tonbirdge Avenue.
Various amenities are within a short distance, including supermarkets like Asda and Heron Foods, as well as local eateries such as the Saville Street Café.
Recreational amenities are available including Pearson Park, Alexander Scott Park, and several playgrounds.
There are several sports facilities available including Parks Sports Centre and ymca for fitness.
Public transportation is facilitated by the nearby North Shields MetroStation, providing convenient links to the broader Tyne and Wear region.
Transport North Shields Metro - yel Accommodation Ground Floor - Entrance Hallway, Reception Room, Kitchen. First Floor - Two Bedrooms, Shower Room/WC.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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About 5 Richmond Grove, North Shields
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