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. Here is a range of residential and commercial properties up for auction during September 2024.
The lot will be brought to market by Pennine Ways Auctions on the 28th of September 2024 with a Guide Price of £110,000.
This two-bedroom semi-detached bungalow is located on Whitby Avenue in Middlesbrough. The bungalow is sold with no chain, offering a fantastic refurbishment opportunity.
The property features an L-shaped entrance hall, a spacious living room, two double bedrooms, a bathroom, and a kitchen. Situated on a generous corner plot, the bungalow is surrounded by mature shrubs and trees, offering a private enclosed rear garden, driveway, and garage. This property is awaiting probate, providing an excellent opportunity for those looking to invest and refurbish.
The lot will be brought to auction by Town & Country Property Auctions on the 23rd of September 2024 with a Guide Price of £80,000.
The lot will be brought to auction by SDL Property Auctions on 26th September 2024 with a Guide Price of £10,000.
This spacious four-bedroom mid-terrace house is arranged over ground, first, and second floors, offering ample living space for a family or potential investment opportunity.
The property is conveniently located in a residential area in Middlesbrough, close to local shops and amenities. Transport links are excellent, with Middlesbrough Station and Billingham Station both within a short distance, ensuring easy access to nearby towns and cities. Ideal for families or investors, the property has tons of potential value.
BP Auctions will end the auction on 23rd September 2024 with a Guide Price of £5,000.
This three-bedroom terrace house offers vacant possession and is located off Coronation Road, near local shopping facilities, with easy access to the amenities of Ferryhill town centre.
The property requires modernisation and features accommodation across two floors. The ground floor includes an entrance hall, a spacious through reception room, a kitchen, and a bathroom/WC. Upstairs, there are three bedrooms. At the rear of the house, there is a yard, providing outdoor space. This property presents an excellent opportunity for renovation and personalisation, making it ideal for first-time buyers or investors.
The property will be brought to market by McHugh & Co Auctions on the 19th of September 2024 with a Guide Price of £15,000.
Located in a quiet cul-de-sac off Monkton Terrace, this former funeral parlour offers significant potential for redevelopment. It’s conveniently situated near Jarrow Town Centre, providing easy access to local amenities, and transportation links, including Jarrow Train Station.
The property spans two floors and needs modernisation. The ground floor comprises a chapel and morgue, while the first floor offers ancillary accommodation. With a spacious layout, this property could be transformed to suit a variety of uses, subject to planning permissions. Additionally, the property features off-street parking and a yard at the rear, further enhancing its potential. This is an excellent opportunity for investors or developers looking to repurpose a unique building in a well-connected location.
McHugh & Co Auctions will bring the lot to auction on 19th September 2024 with a Guide Price of £60,000.
This end-terrace retail unit is spread across three floors and is offered with vacant possession. Featuring a full-width glazed shop front with return frontage, the property was formerly a jewellery shop, with some fixtures still in place which is discussed in the Auction Legal Pack. The ground floor offers a large sales area, while the upper floors provide ample storage.
Situated on Linthorpe Road, Middlesbrough’s prime retail strip, the property occupies a highly desirable location. Neighbouring businesses include major retailers, enhancing the area’s foot traffic. Additionally, the property benefits from return frontage leading to the shopping centre and faces the Linthorpe Road entrance of the Hill Street Shopping Centre. This location offers an excellent opportunity for retail investors.
The lot will be auctioned by Pugh Auctions on 18th September 2024 with a Guide Price of £95,000.
This unique investment opportunity is four separate flats and a garage/workshop unit with gated access. Two of the flats are already tenanted on long-term leases, while the others are ready to be advertised for rent, making this a substantial investment.
Located centrally in Stockton Town Centre, the property is ideally positioned for easy access to local amenities. The garage/workshop comes with retail planning permission and was previously used as a car showroom with an attached workshop. This is an excellent opportunity for investors seeking rental income and potential for commercial use in a prime location.
Modern Auctioneer iamsold will bring this property to market on the 13th of September 2024 with a Starting Bid of £190,000.
The lot will be brought to auction by Auction House London on 11th September 2024 with a Guide Price of £40,000.
Lambert Smith Hampton Auctions will bring the lot to auction on 11th September 2024 with an Opening Bid of £185,000.
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