2-bedroom terraced house · NE37 2DX
Listing removedListed 367 days
Opportunity summary
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About
Auction commencing on Monday 10th November at 1pm and ending 24 hours later on Tuesday 11th November at 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast Renovation opportunity with strong resale and rental potential — a must-see project property!
Open House Viewings (no need to book) 11am until 11:30am Monday 27th October 11am until 11:30am Thursday 30th October 10am until 10:30am Friday 7th November An excellent opportunity to acquire a two-bedroom end-terrace property offering huge potential for refurbishment and investment.
Situated in a popular residential area, this spacious home is arranged over two floors and benefits from off-street parking, a gated yard, and a generous internal layout of approximately 93 sq.
metres. The ground floor comprises an entrance hallway leading to a front living room, a large dining room, a fitted kitchen, and a bathroom to the rear.
The first floor offers two well-proportioned double bedrooms with built-in storage. Externally, the property features a gated driveway, front garden area, and enclosed rear yard.
The property is currently in need of comprehensive modernisation and repair throughout, making it ideal for investors, builders, or those looking for a project with strong resale or rental potential once renovated.
Accommodation Summary: -Ground Floor: Living room, dining room, kitchen, bathroom. -First Floor: Two double bedrooms and landing with storage. -External: Gated off-street parking and enclosed yard.
-Approximate Floor Area: 93 sq. metres (1,001 sq.
ft.) Key Features: -Vacant possession -Full refurbishment opportunity -Double glazing and gas central heating (not tested) -Good transport links and local amenities nearby -Freehold Tenure: Freehold Council Tax Band: A EPC Rating: D Tenure: Freehold EPC Rating: D - EXPIRED 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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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 46 Shafto Terrace, Washington, Tyne and Wear NE37 2DX
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