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 May 2024.
This three-bedroom mid-terraced property is available for sale at an attractive price and without any chain. Although it requires total refurbishment and will not be cleared, this property presents a lucrative opportunity for savvy buyers, investors, or landlords. The layout includes an entrance hall, living room, kitchen diner, three bedrooms, bathroom, and a rear driveway.
This terrace property presents a unique chance to acquire a desirable home with potential, ideal for those seeking an investment opportunity. On Thirlmere Crescent in Blaydon-on-Tyne, the three-bedroom terrace house is within proximity is shops, churches and schools.
The lot will be brought to market by Town & Country Property Auctions on the 27th of May 2024 with a Guide Price of £48,000.
This two-bedroom mid-terrace house is located on Tenth Street in Horden. The property is well-located in Horden amid close amenities with schools, shops and medical facilities within easy reach.
Inside this prime rental offering, there is a living room, kitchen quarters, two bedrooms in a neural design and a bathroom. Offered as a freehold, this is a great investment opportunity and is ready to be refurbished to a high standard for rental or sale at a higher price.
The lot will be brought to auction by BP Auctions on the 27th of May 2024 with an Opening Bid of £5,000.
This refurbished three-bedroom, three-storey terraced property is brimming with period features and offered with no chain, promising a potential 8.6% yield. The highlight of this home is its brand-new modern kitchen/utility area and luxurious bathroom suite, featuring a freestanding roll-top bath and a glass walk-in shower. This versatile canvas offers personalisation.
Original period features infuse charm and warmth into the property. Safety measures include rewiring, an updated electrical consumer unit, and certified gas central heating. Accommodation spans three floors, comprising an entrance, a living room, a dining room, a kitchen, a utility, a master bedroom, a bath/shower room, and two further double bedrooms. On-road parking and an enclosed rear patio yard complete this residence.
The lot will be brought to auction by Town & Country Property Auctions on 27th May 2024 with an Opening Bid of £80,000.
This spacious three-bedroom terraced house is centrally located on Elson Terrace in North Shields, offering convenient access to major road links. These routes connect to Newcastle upon Tyne, surrounding towns, villages, and the Tyne Tunnel for wider regional travel. Local amenities including shops, a health centre, and the North Tyneside Metro System are within close reach.
The property features an entrance hallway leading to a through lounge diner with dual aspect windows while there is a fitted kitchen. Upstairs, three well-proportioned bedrooms, two with fitted wardrobes, and a fully tiled family bathroom await. External features include on-street parking and a private garden with lawn and decking at the rear
Northwood Auctions will end the auction on 23rd May 2024 with an Opening Bid of £105,000.
This impressive home boasts six bedrooms, a stunning rear garden with views over the moor towards Newcastle, driveway parking, and a garage. The property requires refurbishment but holds immense potential for crafting a family residence.
Spanning three floors, the house features two reception rooms, a fitted kitchen, a downstairs WC, and two bathrooms, providing ample living space. Situated in a convenient location in Newcastle, it offers access to nearby schools, local shops, and transport routes. This home offers character, potential, and breathtaking views.
The property will be brought to market by Sarah Mains Auctions on the 24th of May 2024 with an Opening Bid of £590,000.
This freehold investment opportunity on Medomsley Road is located in Consett and comprises five commercial units in a row, presenting a low-risk, high-yield investment. The upper floors offer two additional lettable spaces: a gym on the right side and vacant space on the left, potentially yielding an additional circa £900 per month.
Situated prominently on Medomsley Road, the property benefits from substantial passing traffic and footfall. Nearby establishments include major retailers. Consett, a bustling market town, lies 14 miles southwest of Newcastle upon Tyne and 13 miles northwest of Durham City. These roads connect to the A1, facilitating easy access. Consett offers a promising investment environment.
The lot will be brought to auction by SDL Property Auctions on 30th May 2024 with a Guide Price of £275,000.
This industrial unit is currently configured into two units, accompanied by a parcel of land with planning permission for two additional units and conversion of the existing building into five smaller units. This layout promises an attractive potential rental income.
Each unit features roller shutters, office space, and WC facilities. Situated in the Bolckow Road Industrial Estate, Middlesbrough, the property enjoys proximity to the Teeside Free Port. The area benefits from excellent public transport links, and on-street parking is readily available, enhancing accessibility and convenience for tenants and visitors alike.
SDL Property Auctions will bring the lot to auction on 30th May 2024 with a Guide Price of £180,000.
The Wharton is a two-storey public house with single-storey extensions on the side and rear elevations. The ground floor comprises a trading area and a separate function room, while the first floor houses a four-bedroom manager’s accommodation accessed from behind the bar server making this ideal as a commercial opportunity with residential accommodation. Additionally, there is a useful basement storage facility.
Situated in the town centre of Bedlington, Northumberland, approximately 12 miles northeast of Newcastle, The Wharton Arms enjoys a mixed commercial and residential setting. Local amenities include the nearby Red Lion pub, contributing to the vibrant atmosphere of the area.
The lot will be auctioned by Pugh Auctions on 22nd May 2024 with a Guide Price of £140,000.
This offers a thriving fully operating fish shop with the charm of a four-bedroom mid-terrace house, offering a versatile investment opportunity. The fully operational fish shop provides an established business opportunity is equipped for continued success and offers a solution for aspiring entrepreneurs. Meanwhile, the thoughtfully laid-out residential quarters feature a four-bedroom mid-terraced house with two reception rooms, a well-appointed bathroom, and an en-suite, ensuring comfort and convenience for residents.
Additionally, a double garage and private road to the rear enhance utility and accessibility, while the convenient driveway provides ease of access for residents and customers. Situated in Easington Village, this property enjoys a vibrant community atmosphere and proximity to essential amenities. This semi-commercial property on Low Row offers a rare opportunity to live, work, and invest in a sought-after location.
iamsold will bring the lot to auction on 10th May 2024 with a Starting Bid of £350,000.
The property comprises two floors, with the ground floor currently vacant and previously functioning as a single retail unit. There’s potential to split this area into two separate units. Upstairs, there are two flats – one with one bedroom and the other with two bedrooms.
The ground floor includes a retail unit with direct access to the High Street, an internal office with rear access, a separate W.C., and a spacious rear store. On the first floor, the one-bedroom flat, accessed via the side entrance, features a lounge, fitted kitchen, family bathroom, and bedroom with fitted storage. The two-bedroom flat comprises a lounge, fitted kitchen, family bathroom, and two bedrooms. Externally, there’s a hard-standing area leading to a sizable rear yard and a garage. Situated approximately two and a half miles from Chester Le Street and Low Fell, Birtley High Street provides easy access to the A1M and nearby amenities.
Moovd Online Property Auctions will bring this property to market on the 8th of May 2024 with a Guide Price of £170,000.
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