Written by Joanne Townsend
Joanne Townsend
Joanne completed a Journalism degree in 2012 before working for a number of marketing companies in the roles of a copywriter, moderator and PR assistant.
These properties in Newcastle and the North East offer great investment potential and are up for auction. Here is a range of residential and commercial properties up for auction during February 2024.
This South Shields residence boasts three bedrooms and is designed in a semi-detached style, offering a comfortable and spacious living environment. Situated in a desirable location, this freehold property offers three bedrooms which provide ample space for relaxation and there are great-sized living areas
Located in the heart of South Shields, residents can enjoy the convenience of nearby amenities and easy access to the surrounding area. The garden is paved and there is off-road parking to the front. Ideal for a first-time buyer or a buy-to-let opportunity, this three-bed semi-detached house is a good investment opportunity.
The lot will be brought to market by GoTo Properties, a modern method of auctioneer, on the 21st of February 2024 with an Opening Bid of £150,000.
Perfect for those hunting for a buy-to-let investment, this two-bedroom terraced house presents an ideal opportunity to step onto the property ladder. Boasting well-proportioned rooms, the residence is strategically located in a favourable area of Chester le Street. The layout includes an entrance leading to a lounge, dining room, kitchen, two bedrooms, and a bathroom. Externally, a rear yard provides additional outdoor space.
With its practical design and convenient features, this property is not only a potential starter home but also a lucrative investment option for those seeking to expand their property portfolio. Situated in the Grange Villa area, there is proximity to a whole range of amenities and to access the town of Chester le Street.
The lot will be brought to auction by Modern Method of Auctioneer GoTo Properties on the 21st of February 2024 with an Opening Bid of £90,000.
This well-presented ground-floor flat is an attractive option for first-time buyers or investors. The living space features a generously sized lounge, a fitted kitchen, two bedrooms, and a bathroom, creating a well-designed and comfortable environment. The flat benefits of a rear yard add to the property’s external appeal.
Ideal for those seeking convenience and ease of living, this residence caters to a diverse range of potential homeowners. Given its overall appeal and practical layout, early viewing is highly recommended to fully appreciate this ground-floor flat. This well-presented flat presents an excellent opportunity for a variety of discerning buyers and is located on Rawling Road in Gateshead.
The lot will be brought to auction by Sarah Mains Auctions on 21st February 2024 with an Opening Bid of £50,000.
Positioned on Raby Square, Hartlepool, this property offers convenient access to the town centre with its amenities, the seafront, and the scenic North East coastline. The property offers easy proximity to the historic city of Durham, as well as Middlesborough, Darlington, and Newcastle upon Tyne.
This double-fronted terrace house presents a fantastic investment opportunity with two spacious reception rooms and four well-sized bedrooms. Suitable for both owner-occupiers and investors, the property boasts substantial potential for a high rental yield. The ground floor comprises an entrance hallway, a lounge/dining room, a kitchen, and a family bathroom. The first floor includes four bedrooms. Additionally, the property features front and rear gardens.
Auction House Lincolnshire will end the auction on 19th February 2024 with an Opening Bid of £20,000.
Presenting a two-bedroom terraced house in a primate location, this property is now available for immediate possession, making it an ideal choice for investors. The accommodation is well laid out, featuring an entrance hall, reception room, and kitchen on the ground floor, while the first floor offers two bedrooms and a bathroom. External features include a rear garden and roadside parking.
Situated in Shildon, a historic town in County Durham, England, this locale is renowned for its Locomotion Museum and a whole wealth of amenities on the doorsteps. County Durham itself boasts borders with Northumberland, Tyne and Wear, the North Sea, North Yorkshire, and Cumbria, adding to the appeal of this property’s location.
The property will be brought to market by the ConnectUK Auctions on the 20th of February 2024 with a Guide Price of £35,000.
This Grade II listed former country house and hotel offers approximately 16 acres of enchanting woodland, lawns, a private fishing lake, and a river with fishing rights. Built-in 1870, this freehold property is located just one mile from the historic village of Otterburn and provides a serene setting. While only 30 miles from Newcastle City Centre, the property offers proximity to local amenities and shops.
With Newcastle International Airport 25 miles away, this former country house presents an ideal opportunity for developers or investors. This versatile space is suitable for various commercial purposes, subject to planning permission, making it a captivating prospect for those seeking a unique project in a picturesque and well-connected location.
The lot will be brought to auction by Auction Estates on 22nd February 2024 with a Guide Price of £150,000.
An exciting opportunity presents itself with the Chopwell Hotel, situated in the village of Chopwell, Newcastle upon Tyne. This former hotel and pub/restaurant with recent planning for a 10-bedroom assisted living facility offers versatile potential, including conversion into apartments or a house.
Chopwell, positioned approximately three miles west of Rowlands Gill and one mile north of Hamsterley in Tyne and Wear is conveniently located in the village with Newcastle reachable in around 15 minutes by car and Durham City just a 20-minute drive away.
Edward Mellor Auctions will bring the lot to auction on 14th February 2024 with a Starting Bid of £100,000.
This vacant mixed-use mid-terrace building is strategically positioned to accommodate a ground-floor retail unit, along with first and second-floor ancillary spaces. Conveniently located on a mixed-use road with proximity to local shops and amenities in Ferryhill, transport links are readily available through the A167 and A1(M), enhancing its accessibility.
Comprising a freehold tenure, the property features a well-defined layout with a ground-floor shop area, complemented by first and second-floor ancillary spaces. This versatile arrangement allows for diverse utilisation and presents an attractive investment or business opportunity. The property’s central location makes it an appealing prospect for those seeking various business endeavours.
The lot will be auctioned by Auction House London on 12th February 2024 with an Opening Bid of £10,000.
This two-floor semi-detached commercial unit boasts full window frontage and this generously sized space previously housed a barber shop and tattoo studio. Located on Stanhope Parade, South Shields, the unit is part of a cluster of shops nestled in a residential area and offers secure front access.
Situated conveniently near the roundabout junction with Dean Road (B1301) and just a mile south of South Shields, the area enjoys good access routes. The unit comprises a spacious ground floor retail area, complete with a rear staff kitchen and WC. The first floor offers four private rooms/offices, providing flexibility for various commercial uses. Offering a great investment opportunity with commercial purposes in a well-located area.
Auction House North East will bring the lot to auction on 13th February 2024 with a Guide Price of £65,000.
This commercial property comprises a parade of four shops with upper floors. Positioned in the town centre location, it holds a prominent corner position situated across from South Shields Market and in proximity to well-known establishments.
South Shields lies about 11 miles east of Newcastle upon Tyne city centre and the town enjoys favourable road connections. Conveniently, the South Shields Metro and Bus Station are situated close by and this provides a prime commercial corner position amidst a bustling commercial environment.
Allsop Auctions will bring this property to market on the 8th of February 2024 with a Guide Price of £175,000.
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