Modern Method of Auction
Auction date not yet published
3-bedroom semi-detached house · NE30 3NG
For saleListed 37 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** AUCTION PROPERTY *** For sale by Modern Auction, Starting Bid Price £285,000, subject to Reserve Price and Reservation Fee.
Situated in a prime and highly favoured location close to Cullercoats village, the Metro, local schools and all facilities, an older style three bedroom semi detached house.
The property has been REALISTICALLY PRICED TO ALLOW FOR SOME MODERNISATION/REFURBISHMENT and is oozing potential.
On the ground floor there are two good separate reception rooms, a kitchen and utility. On the first floor there are three bedrooms and a separate WC and shower room.
The property enjoys gas central heating, double glazing, attached garage and southerly facing rear garden.
OFFERED WITH NO UPWARD CHAIN, only a close internal inspection will fully reveal the fabulous location and potential on offer.
Ideal for anyone wishing to stamp their own taste and colour scheme on it. The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: ,
Value & comps
No previous sales on record.
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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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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 Longston Avenue, Cullercoats, NE30
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