For sale by auction is this vacant two-bedroom terraced house, in a consistently strong rental and resale location within NE17. OPEN HOUSE VIEWING (no booking required): WEDNESDAY 15th APRIL, 3pm - 3:30pm The property extends to approximately 76 m² (937 sq ft) as per the recent EPC. The accommodation is arranged over two floors and offers well-proportioned rooms. With a Living Room and a Kitchen-Diner to the ground floor. 2 Bedrooms and a Bathroom to the first floor. Externally, there is a rear yard, a front garden, and on-street parking available close to the property. ________________________________________ Investment/Rental opportunity Once renovated, we expect an achievable rental income of £600pcm / £7,200 pa. ________________________________________ Family Resale / Flip The property also presents a strong flip opportunity. The adjoining property has reportedly sold for approximately £80,000 following modernisation and is presented as a well-finished family home. This demonstrates clear resale demand within the immediate terrace. With refurbishment and internal reconfiguration, the property could be repositioned as a high-quality two-bedroom family dwelling. ________________________________________ Loft Conversion Potential There is further scope to explore a loft conversion (subject to the necessary consents), which could significantly increase both rental income and resale value. ________________________________________ Investment Rationale NE17 remains a well-established location popular with: • Young professionals • Students • Working tenants • Owner-occupiers The area benefits from strong transport links and convenient access to key employment hubs in the North East. Following refurbishment, the property offers: • Strong gross yield potential • Attractive resale comparables (flip strategy) • Long-term capital growth prospects ________________________________________ Tenure Assumed Freehold Vacant Po
Portrait Video Tour
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Additional Fees
Administration Charge - Administration Charge is a non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.