2-bedroom terraced house · NE30 2BU
Listing removedListed 98 daysAuction 30 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Conditional Auction (option 2) Online bidding will be opening 30/07/2026 Disclaimer One This property is to be sold via conditional auction (option 2).
The successful buyer will need to pay a non-refundable deposit of £3,000.00, this deposit will form part of the purchase price of the property.
After the deposit has been taken the buyer will then have 28 days to exchange contracts. After the exchange of contracts this purchase must complete no later than 14 days from this date.
Disclaimer Two Every auction property comes with a guide price and a reserve price.
The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction.
The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer.
It may be up to 10% higher than the guide price. Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.
Disclaimer Three At your request we can refer you to a 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 £180 including Vat from them for the recommendation.
Reservation Fee This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.
Legal Pack A legal pack will be available to download before the auctions end date. We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.
Registration To register to bid for this property please copy the link below into your browser.
northwoodauctionne.com Particulars Northwood is delighted to present this traditional Tyneside flat, offering exceptional potential for those seeking a rewarding renovation project.
Requiring full refurbishment throughout, this property provides a fantastic opportunity for investors, developers or buyers looking to create a home to their own taste and specification.
The accommodation is currently arranged to offer either two bedrooms and one reception room, or alternatively one bedroom and two reception rooms, allowing buyers the flexibility to configure the layout to suit their individual requirements.
The property also comprises a kitchen, bathroom and entrance hallway. Although in need of comprehensive modernisation, the property offers a superb blank canvas with significant scope to add value.
Whether you're looking to renovate and resell, create a long-term rental investment or design your own home, this property has the potential to become something truly special.
Situated in a convenient residential location with excellent access to local amenities, schools and transport links, the property is well placed for a range of buyers.
This property is offered for sale by Conditional Modern Auction, presenting an exciting opportunity to acquire a renovation project with excellent potential.
Early viewing is highly recommended to fully appreciate the accommodation and possibilities on offer.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only, and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
GROUND FLOOR Entrance Hallway Hallway Reception/Dining Room 3.74m x 4.49m Reception/Bedroom 4.23m x 5.49m Kitchen 2.49m x 3.38m Bedroom 2 2.59m x 3.63m Bathroom 1.60m x 2.21m Cupboard
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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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 advisors 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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About Bamborough Terrace, North Shields, NE30 2BU
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