July Auction Property Deals of the Month – Newcastle and the North East

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 July 2024.

Residential Auction Properties Newcastle and the North East

2 Bed Terrace House, Ferryhill

(For Sale with Town & Country Property Auctions)

2 Bed Terrace House in Ferryhill - For Sale with TOwn & Country Property Auctions with a Guide Price of £50,000 (July 2024)

This two-bedroom terrace property features a convenient layout and is available with no onward chain. Inside the property, there is a cosy living area, which connects to a well-appointed kitchen. Adjacent to the kitchen is a family bathroom. The property also includes a private rear yard, perfect for outdoor relaxation.

With no chain, this home is an ideal choice for those seeking a smooth purchase process and quick ownership. A fantastic opportunity, the property is located within easy reach of the amenities in Ferryhill.

The lot will be brought to market by Town & Country Property Auctions on the 22nd of July 2024 with a Guide Price of £50,000.

3 Bed End Terrace House, Middlesbrough

(For Sale with Town & Country Property Auctions)

3 Bed End Terrace House in Middlesbrough - For Sale with Town & Country Property Auctions with an Opening Bid of £65,000 (July 2024)

This three-bedroom end-of-terrace property is located in Middlesbrough. This property includes a sitting tenant, making it a highly attractive investment for savvy investors looking for an excellent return.

Inside, the ground floor features a spacious lounge and a kitchen diner. Upstairs, the first floor offers three bedrooms and a family bathroom. Ideal for those looking to expand their property portfolio or secure a steady rental income, this end-of-terrace home promises a lucrative investment.

The lot will be brought to auction by Town & Country Property Auctions on the 22nd of July 2024 with an Opening Bid of £65,000.

3 Bed Terrace House, Cramlington

(For Sale with Harman Healy Auctions)

3 Bed Terrace House in Cramlington - For Sale with Harman Healy Auctions with a Guide Price of £46,000 (July 2024)

This well-located three-bedroom terraced house is located just north of Cramlington station. The property requires complete refurbishment and updating, offering a fantastic opportunity to create your dream home or a profitable investment.

The ground floor features an entrance hall, two reception rooms, and a kitchen, leading out to a rear garden with a decked area. Upstairs, the first floor comprises three bedrooms and a bathroom. With its prime location and potential for transformation, this property is perfect for buyers looking to customise a home to their tastes or for investors seeking a renovation project.

The lot will be brought to auction by Harman Healy Auctions on 25th July 2024 with a Guide Price of £46,000.

2 Bed Terrace House, Peterlee

(For Sale with SDL Property Auctions)

2 Bed Terrace House in Peterlee - For Sale with SDL Property Auctions with a Guide Price of £25,000 (July 2024)

This traditional terraced house is offered with vacant possession and is a promising buy-to-let investment. With two bedrooms, this property offers a lounge, kitchen, two bedrooms, a bathroom, and a rear yard/garden.

Located on Sixth Street within a residential area, the property is close to shops and amenities, with local green spaces like Horden Park nearby. Transport links include a local bus service and Horden rail station. Based on comparable properties, this property is an ideal investment opportunity with an estimated rental value of £450 per month (£5,400 per annum).

SDL Property Auctions will end the auction on 25th July 2024 with a Guide Price of £25,000.

2 Bed Flat, Newcastle Upon Tyne

(For Sale with SDL Property Auctions)

2 Bed Flat in Newcastle Upon Tyne - For Sale with SDL Property Auctions with a Guide Price of £15,000 (July 2024)

This two-bedroom flat in Newcastle-Upon-Tyne is up for auction and is currently occupied. Located three miles east of Newcastle city centre in a quiet residential area, this flat offers easy access to amenities and services. Nearby shops and supermarkets provide convenience, while a wider range of options is available in the city centre, accessible by public transport.

The property offers an entrance hallway, a lounge, a kitchen with access to the rear garden, two bedrooms, and a family bathroom. The property also features front and rear gardens.

The property will be brought to market by SDL Property Auctions on the 25th of July 2024 with a Guide Price of £15,000.

Commercial Auction Properties – Newcastle and the North East

Restaurant with First Floor Offices, Redcar

(For Sale with Lambert Smith Hampton Auctions)

Restaurant with First Floor Offices in Redcar - For Sale with Lambert Smith Hampton Auctions with a Guide Price of £185,000 (July 2024)

This property features a two-storey, end-terraced building with a ground-floor restaurant and hot food takeaway, and a first-floor comprising ancillary office/stores.

Externally, a single-storey garage/bin store with roller shutter access is located to the rear, accessible from Lord Street. Redcar, a bustling coastal town is just 9 miles east of Middlesbrough and 44 miles southeast of Newcastle upon Tyne. The town has two railway stations, Redcar Central and Redcar East, providing regional and national rail links. Teesside International Airport, 20 miles southwest, offers flights to domestic and European destinations. High Street, the town’s main shopping thoroughfare, runs west from the Esplanade. The property enjoys a prominent position on the north side of High Street.

The lot will be brought to auction by Lambert Smith Hampton Auctions on 17th July 2024 with a Guide Price of £185,000.

Former Dental Practice, Prudhoe

(For Sale with Pugh Auctions)

Former Dental Practice in Prudhoe - For Sale with Pugh Auctions with a Guide Price of £55,000 (July 2024)

This former dental practice in Prudhoe, Northumberland, offers a unique opportunity for a range of investors. Available with vacant possession, the property could be repurposed for alternative uses, subject to the necessary consent. The ground floor extension and straightforward layout make it ideal for development.

Situated on Front Street, the main high street in Prudhoe, this property is 11.5 miles west of Newcastle city centre and just south of the River Tyne. This versatile property in a prime location offers significant potential for redevelopment or repurposing.

Pugh Auctions will bring the lot to auction on 17th July 2024 with a Guide Price of £55,000.

18 Bed Former Care Home, New Kyo

(For Sale with Moovd Property Auctions)

18 Bed Former Care Home in New Kyo - For Sale with Mooyd Property Auctions with a Guide Price of £100,000 (July 2024)

Presenting an exciting opportunity for sale, this is an eighteen-bedroom former care home with planning permission for five two-bedroom terrace properties.

Croft Unit, a detached, derelict nursing home, is quietly situated behind Sabin Terrace in New Kyo, on the outskirts of Stanley. This expansive property sits on a generous plot, featuring accommodation spread over two floors with substantial gardens to the rear and side. This property is an excellent investment for developers or builders. Internal viewings are highly recommended to fully appreciate the potential of the site.

The lot will be auctioned by Moovd Auctions on 10th July 2024 with a Guide Price of £100,000.

Terrace Shop and Accommodation, South Shields

(For Sale with McHugh & Co Auctions)

Terrace Shop and Accommodation in South Shields - For Sale with McHugh & Co Auctions with a Guide Price of £15,000 (July 2024)

Located on King Street, this terrace shop and accommodation is close to the amenities of South Shields Town Centre and near Sandhaven Beach.

This terrace shop and upper part features accommodation spread over four floors. With retail premises on the ground floor, there is ancillary accommodation on the other floors. This versatile property offers a prime location and extensive space, making it ideal for various uses.

McHugh & Co Auctions will bring the lot to auction on 10th July 2024 with a Guide Price of £15,000.

Commercial Shop and 2 Bed Flat, Seaham

(For Sale with iamsold)

Commercial Shop and 2 Bed Flat in Seaham - For Sale with iamsold with a Starting Bid of £55,000 (July 2024)

This versatile freehold property is located on Woods Terrace in Seaham.  This investment opportunity features a ground-floor commercial shop and a fully refurbished two-bedroom first-floor flat. Across two floors, it is located in a bustling shopping parade with a mix of commercial and residential properties on Woods Terrace.

The ground floor boasts a spacious, recently renovated commercial space with kitchen facilities and a W/C. Access to the rear lane and the first-floor flat is available via a communal rear entrance. The first floor offers a modern two-bedroom flat, also fully refurbished. The projected rental income is £600-£700 per month for the shop and £475-£525 per month for the flat, achieving a potential rent yield exceeding 10%.

iamsold will bring this property to market on the 10th of July 2024 with a Starting Bid of £55,000.