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.
Edited by Ruban Selvanayagam
Ruban Selvanayagam
Ruban Selvanayagam is a professional cash homebuyer, private rented sector landlord, auction specialist, blogger and media commentator.
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 March 2024.
This three-bedroom semi-detached residence offers space and modern living. The lounge area provides a cosy retreat with an expansive white kitchen ideal for culinary pursuits. Each of the three bedrooms enhances the appeal of this home. The luxurious bathroom features an over-bath shower and a glass screen. Outside, a sizable rear garden boasts a patio and a summer house bar with French doors and a BBQ area, perfect for hosting gatherings or enjoying leisure time.
Conveniently, the property offers a large driveway for ample parking space. With a potential rental income ranging and delivering an impressive 8% rental yield, this property presents a lucrative opportunity for homeowners and investors alike. With promising rental potential, this is a prime spot in Stockton-on-Tees, surrounded by a wide range of amenities.
The lot will be brought to market by Town & Country Property Auctions on the 25th of March 2024 with an Opening Bid of £89,500.
This vacant two-bedroom end-terraced house presents an opportunity for renovation with its current dated condition. The property would benefit from an improvement scheme. Situated in the heart of Nookside, it offers proximity to local amenities, schools, and transportation links, accessible via Hollinside Road from Holborn Road.
The accommodation comprises a living room and kitchen on the ground floor, while the first floor houses two bedrooms and a bathroom/W.C. Externally, there is a driveway at the front and a yard at the rear, providing potential for outdoor space. With amenities in the city close by, this is a prime spot with vacant possession.
The lot will be brought to auction by Landwood Property Auctions on the 27th of March 2024 with an Opening Bid of £55,000.
This two-bedroom detached bungalow boasts off-road parking, a garage, and a level plot. While requiring refurbishment, this property offers immense potential. Nestled on the desirable King George Road in Newcastle upon Tyne, the accommodation features an entrance porch, hallway, spacious living room, two bedrooms, kitchen, conservatory, and bathroom.
Externally, the property is complemented by off-road parking, a garage, and a front garden. The rear garden boasts a delightful patio seating area and a level garden, perfect for outdoor relaxation. Highly recommended for viewing, this property presents an excellent opportunity for those seeking a project to unlock its full potential.
The lot will be brought to auction by Town & Country Property Auctions on 28th March 2024 with a Guide Price of £160,000.
This vacant three-bedroom mid-terraced house offers a convenient location and ample potential. Situated approximately 1.5 miles south of the Town Centre, the property awaits updating to enhance its appeal. The accommodation comprises a porch, lounge, and kitchen/dining room on the ground floor, while the first floor hosts three bedrooms, a bathroom, and a separate W/C.
Externally, there’s a yard to the front and a garden to the rear, providing outdoor space for enjoyment and potential enhancement. Conveniently positioned near Whiteleas Way, the property offers access to local amenities and bus routes for easy transportation. This mid-terraced house presents an opportunity for buyers to add value through renovation and make it their own.
Landwood Property Auctions will end the auction on 27th March 2024 with a Guide Price of £67,500.
Situated just a short distance from the train station in Newcastle, this well-maintained three-bedroom residence offers convenient access to various amenities and attractions. The airport is 17 miles away while the Theatre Royal and the Stadium of Light are located 5.9 miles from the property.
The property features a spacious lounge with a fireplace and patio doors leading to the front garden. With a well-appointed kitchen and a WC. Upstairs, there are three bedrooms with the master bedroom boasting an ensuite bathroom with a three-piece suite. External amenities include a generously sized front garden, a rear yard, and off-road parking.
The property will be brought to market by modern auctioneer GoTo Properties on the 27th of March 2024 with an Opening Bid of £100,000.
This bar presents an excellent investment prospect with potential for expansion. Currently, it generates income from the bar and the three-bedroom flat, totalling £24,000 annually which is a good investment. The three-bedroom flat is currently vacant and offers a letting opportunity.
Plans have been submitted for conversion into an 11-bed House in Multiple Occupation (HMO). Viewing is highly recommended to fully grasp the potential and offerings of this property. In Thornley, village halls, schools and medical centres are located by this prime-positioned bar.
The lot will be brought to auction by Town & Country Property Auctions on 25th March 2024 with a Guide Price of £185,000.
The property, which comprises a former drill hall and offices is located in Ashington. Formerly a territorial army base and rifle range over two floors, it offers ground-floor access via five roller shutter doors. On the ground floor, there are various offices, WCs, ancillary rooms, stores, and a former drill hall. The first floor accommodates a miniature decommissioned rifle range, office and mess rooms, WC facilities, storage rooms, and a self-contained two-bedroom caretaker’s apartment.
Situated on a site of approximately 0.588 acres, the property is located in Ashington, Northumberland. It’s about 15 miles north of Newcastle upon Tyne with easy access to the A189 and bordered by the River Wansbeck. The North Sea coast at Newbiggin-by-the-Sea is 3 miles (5 km) away. The property is close to amenities and offers pedestrian access to the nearby Lidl Supermarket. This could be rented out or could offer conversion to residential depending on planning permissions.
Lambert Smith Hampton Auctions will bring the lot to auction on 27th March 2024 with an Opening Bid of £100,000.
The property consists of a partial two/three-storey stone-built sectional building in the Blaydon-on-Tyne. Internally, the lower ground/basement level houses a former decommissioned rifle range alongside male and female WCs. On the first floor, there are six smaller rooms, including a kitchenette, a main classroom, three offices, and a storage room, with access to a single-storey rear flat roof element.
Situated in Blaydon, this former cadet detached building is located within a primarily residential area. Nearby are various commercial properties, including a dance school, a children’s playhouse, and a local pub and restaurant making this a prime spot for commercial uses.
The lot will be auctioned by Lambert Smith Hampton Auctions on 27th March 2024 with an Opening Bid of £10,000.
This property comprises a vacant retail shop on the ground floor with rooms on the first floor. Situated on a main road leading into the city centre of Sunderland, it offers prime visibility. Formerly a funeral office, it enjoys a strategic location along Durham Road, a short drive from the city centre, amidst a residential area with a few other retail units.
Ideal for investors or individuals looking to establish their own business, the property’s ground floor offers a shop sales area, three small chapels/rooms, a kitchen, and a WC. The first-floor rooms require refurbishment and could serve as living accommodation. Offered as a freehold opportunity, this property presents an opportunity for various business ventures such as a hairdresser, beauty salon, or retail shop.
Barnard Marcus Auctions will bring the lot to auction on 12th March 2024 with a Guide Price of £60,000.
This freehold retail unit, previously used as a restaurant, offers the option to include a fully equipped kitchen and fixtures and fittings, making it versatile for various purposes. Strategically positioned adjacent to The Hampton Hotel and a brief stroll from The Globe on Stockton High Street, the location is prime for investors.
The premises feature a ground-floor restaurant with a fully equipped kitchen and customer WC. On the first floor, there’s a bathroom/utility room, WC, storage room, lounge, and bedroom. The second floor boasts an attic room. Neighbouring establishments include a general store, hairdressers, a cafe, and serviced office accommodations. Stockton-on-Tees is easily reachable with excellent rail and road connections, providing convenient access to the A19 and A66.
iamsold, a modern auctioneer, will bring this property to market on the 8th of March 2024 with a Starting Bid of £85,000.
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