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. Here is a range of commercial and residential properties up for auction up for auction during January 2024.
The property consists of a dilapidated five-bedroom mid-terraced house situated in Ashbrooke, a residential suburb in Sunderland. The house requires significant refurbishment. A thoughtful renovation could serve as an ideal House in Multiple Occupation (HMO) or be transformed into flats, depending on the necessary approvals.
Positioned approximately 0.5 miles from Sunderland’s city centre, the location enjoys proximity to essential amenities. The main A19 is situated 4 miles southwest, and junction 63 of the A1(M) is 8.5 miles to the west. Sunderland Railway Station, facilitating connections to Newcastle and the broader rail network, is less than a mile away. This property presents an opportunity for strategic redevelopment in a well-established residential area.
The lot will be brought to market by Landwood Property Auctions on the 31st of January 2024 with an Opening Bid of £70,000.
This mid-terrace house in Middlesbrough featuring two bedrooms, requires refurbishment due to fire damage. Despite its current condition, the property holds a central location, offering convenient access to various amenities and transport links. The strategic positioning enhances its potential appeal for prospective buyers or investors seeking a project.
The refurbishment presents an opportunity to transform the house into a desirable and functional living space. Its proximity to essential facilities adds value, making it an attractive option for those looking to create a renovated and well-located residence and a possible buy-to-let opportunity.
The lot will be brought to auction by Harman Healey Auctions on the 31st of January 2024 with a Guide Price of £28,000.
This well-presented mid-terraced home in Gateshead is an option for both first-time buyers and investors. Its inviting features include an entrance hallway, a spacious lounge, a fitted kitchen, three bedrooms, and a modern bathroom. The exterior boasts a rear yard, adding to the property’s appeal.
Situated in a location that facilitates easy access to the amenities and facilities in and around Low Fell, the property is well-connected through transport routes and services, providing convenient links to the surrounding areas. Ideal for first-time buyers seeking a comfortable residence or investors looking for a property with promising appeal and potential returns as a rental.
The lot will be brought to auction by Sarah Mains Auctions on 8th January 2024 with an Opening Bid of £125,000.
Situated in the heart of Low Fell in Gateshead, this centrally located terrace home presents a renovation opportunity. In need of updating and refurbishment, the property features a well-proportioned lounge, a fitted kitchen, a ground-floor bathroom, and two bedrooms, each equipped with en-suite facilities.
Additionally, a spacious loft area adds to the property’s potential and if planning permission could be obtained, this could be turned into an additional bedroom. To the rear, an enclosed south-facing garden enhances the external space. The location provides convenient access to shopping facilities and amenities, making it an ideal prospect for those looking to refurbish a home in a well-connected area.
Sarah Mains Auctions will end the auction on 29th January 2024 with an Opening Bid of £130,000.
This impeccably presented three-bedroom home is conveniently situated in Washington, close to Newcastle Train Station, with the airport just 17 miles away. The vacation home is also within proximity to Northumbria University and the Stadium of Light. The property offers complimentary private parking.
The spacious lounge features a fireplace and offers patio doors leading to the front garden. There is a fitted kitchen and the landing provides storage solutions, while the downstairs WC includes a low-level WC and washbasin. The three bedrooms boast built-in wardrobes and the bathroom encompasses a three-piece suite. External features include a good-sized front garden, a rear yard, and off-road parking.
The property will be brought to market by the modern method of auctioneer GoTo Properties on the 27th of January 2024 with an Opening Bid of £110,000.
The Brown Cow Pub is currently yielding an annual income of £120,000 by tenants. The ground floor features a welcoming bar area with two open fires, strategically placed in the bar and entertainment room. The bar, surrounded by tables, creates an inviting atmosphere for guests. The entertainment room, housing a pool table and darts board, can accommodate 20-24 people if the pool table is relocated. Men’s and women’s toilets, along with a commercial kitchen, complete the ground floor.
Ascending to the first floor reveals a furnished living room with an en-suite, ideal for bed and breakfast. Adjacent is a self-contained 2-bedroom flat with a spacious lounge, two double bedrooms, a three-piece bathroom suite, and a well-appointed kitchen with integrated appliances. The second floor encompasses three bedrooms, including two doubles and a family-sized room, along with a communal lounge and shared bathroom area. Positioned on the High Street, the front of the pub is complemented by a rear car park for six cars, a beer garden with six tables, and an additional garage and shed.
The lot will be brought to auction by Town & Country Property Auctions on 24th January 2024 with an Opening Bid of £225,000.
This property presents a promising investment prospect with considerable potential for expansion. The current income streams include £24,000 per annum from the bar and an additional £6,000 per annum from the flat, resulting in a total annual income of £30,000. Notably, the three-bedroom flat is currently vacant. This offers an exciting opportunity with multiple commercial purposes.
Excitingly, there are submitted plans for converting the property into an 11-bedroom House in Multiple Occupation (HMO). This opportunity not only offers immediate returns but also invites future development, making it an attractive proposition for investors seeking both current income and expansion possibilities in Durham.
Town & Country Property Auctions will bring the lot to auction on 22nd January 2024 with a Guide Price of £164,000.
Nestled near Ouseburn in Byker, Newcastle, this property encompasses an office space, a workshop, and a self-contained flat above. The detached two-story building is conveniently located around one mile from Newcastle City Centre.
Enhancing its practicality, a secure yard is situated at the front. The ground floor of the building features six workrooms, while a staircase leads to the first floor, housing a self-contained one-bedroom flat. The flat comprises a kitchen/dining area, lounge, sunroom, and a bathroom with WC. Offering adaptable and spacious facilities suitable for various uses, this property’s particular allure lies in its flexible layout and proximity to nearby amenities.
The lot will be sold at auction by Sarah Mains Auctions on 16th January 2024 with an Opening Bid of £180,000.
A remarkable investment opportunity beckons with the availability of this commercial unit with a flat in the heart of Crook town centre. The property comprises a ground-floor commercial unit, currently occupied by a tenant, and a first-floor one-bedroom flat.
The ground floor commercial space features a spacious shop area, a rear office, WC, and two storage cupboards, with a rear door providing access. This unit is presently tenanted which makes it an enticing prospect for investors. The first floor hosts a one-bedroom flat equipped with a lounge, kitchen, shower room, and a staircase leading to a balcony area. Crook, a sought-after market town, boasts excellent transport links to nearby towns and cities like Bishop Auckland and Durham City Centre.
Modern Method of Auctioneer iamsold will bring the lot to auction on 15th January 2024 with a Starting Bid of £49,950.
Nestled on a residential road near local shops and amenities, this property encompasses both land and a building. The surrounding area benefits from the nearby open spaces of Hackworth Park, enhancing the overall appeal. Shildon Rail Station provides convenient transport links in the vicinity.
The property holds promising potential for development, subject to obtaining all necessary consents. The strategic location adds value to this property. Whether considering residential or commercial development, the property’s size and surroundings make it an enticing opportunity for those looking to invest in a well-situated and potentially development-ready parcel of land.
Auction House London will bring this property to market on the 8th of January 2024 with an Opening Bid of £10,000.
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