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See how verdicts work3-bedroom semi-detached house · NE34 0HW
Sold STCReduced £10k (−14.3%) on 20 MayListed 238 daysAuction 23 Mar · ended
Opportunity summary
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About
Auction Commencing on Monday 23rd March at 1pm and ending 24 hours later on Tuesday 24th March from 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast Three-Bed Semi with Garage – £900+ PCM Rental Potential.
An excellent investment opportunity to acquire this three-bedroom semi-detached home, offered for sale by auction and currently sold tenanted at £550 PCM on a periodic month-to-month agreement.
The property is currently let to a long-standing tenant (family friend of the vendor), with rent paid on time and fully up to date.
The tenant is aware that the property is being sold and that the current rent is below market value.
Investment Highlights Current rental income: £550 PCM (£6,600 per annum) Tenancy: Periodic (month-to-month rolling agreement) Market rental potential: Circa £900+ PCM Tenant payment history: No arrears – rent up to date Flexible exit strategy: Increase rent in line with market value or obtain vacant possession to refurbish and resell This presents a strong opportunity for investors seeking either immediate yield with scope for uplift, or a value-add refurbishment project with resale potential.
Accommodation The property offers approximately 84m² of accommodation (excluding garage) and briefly comprises: Ground Floor: Entrance hall Spacious living room (4.5m x 3.4m) Separate dining area Fitted kitchen (2.6m x 3.3m) Utility room Integral garage (2.6m x 4.9m) First Floor: Main bedroom (2.6m x 4.2m) Bedroom two (2.6m x 3.9m) Bedroom three (2.0m x 3.0m) Family bathroom Externally, the property benefits from a front garden and driveway, together with an enclosed rear garden with decking area and lawn.
Condition & Potential The property is presented in serviceable condition but would benefit from modernisation in areas, offering clear scope to enhance value through cosmetic updating or more extensive renovation.
Based on local comparables, once improved the property could achieve rental levels in the region of £900+ PCM, or alternatively appeal strongly to the owner-occupier market.
Location Situated in a popular residential area of South Tyneside (NE34), the property is conveniently positioned for local amenities, schools, transport links and commuter routes.
Summary A versatile investment opportunity offering: Immediate rental income Significant rental uplift potential Option to renovate and flip Strong long-term growth prospects Tenure: Freehold EPC Rating: E Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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