2-bedroom flat · NE29 8DS
For saleListed 8 daysAuction 29 Oct · in 6 days
Opportunity summary
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About
*** AUCTION PROPERTY - INVESTMENT OPPORTUNITY - GROUND FLOOR FLAT - TWO BEDROOMS - AUCTION GUIDE PRICE £60,000+ *** For Sale By Auction LIVE ONLINE AUCTION 29th October 2026 OPTION 1 Located in this popular and sought after area is this two bedroom ground floor flat currently tenanted, however completion can be with vacant possession so appealing to both the private residential purchaser and the buy to let landlord.
The property does require some modernisation and refurbishment yet it does benefit from double glazed windows and gas central heating.
The property briefly comprises: entrance hall, bathroom/w.c, two bedrooms, lounge and kitchen. Externally there is a paved private yard to the rear. EPC Rating: TBC Viewing is highly recommended.
To arrange a viewing please contact the Wallsend office. Disclaimer 1 None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only.
Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts.
The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract.
No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see Disclaimer 2 Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.
At your request we can refer you to a North East based Solicitor from our panel.
It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.
Disclaimer 3 A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Disclaimer 4 We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.
Entrance Hall With upvc entrance door and built in cupboard. Lounge approx 13' 5'' x 11' 7'' (4.09m x 3.53m) Feature fire surround, radiator and double glazed window.
Kitchen approx 9' 5'' x 7' 5'' (2.87m x 2.26m) Range of wall and floor units with laminate worktop surfaces, sink unit and drainer, plumbing for washing machine, built in electric oven and hob, tiled splashback, double glazed window, upvc door to rear.
Bathroom/w.c Three piece suite comprising bath with shower over, pedestal wash hand basin, low level w.c, tiled walls, double glazed window and radiator.
Bedroom One approx 14' 3'' x 10' 4'' into bay (4.34m x 3.15m) With double glazed bay window and radiator.
Bedroom Two approx 11' 7'' x 7' 4'' (3.53m x 2.23m) With double glazed window and radiator. Externally Paved private yard to the rear.
EPC Rating: TBC A full version of the Energy Performance Certificate is available upon request.
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
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FAQ
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