Auction House / North East
  • For Sale By Unconditional Online Auction
  • Guide Price* : £30,000 - £60,000
  • Auction Ended 28/10/2025
  • Lot 32

1 and 3 Ingoe Street, Wallsend, Tyne and Wear, NE28 0LA

Two Self-Contained Flats — One Freehold Title — £11,700 p.a. Income

Description

Guide Price: £30,000 - £60,000
Current Total Rent: £950 PCM — £11,700 per annum

An excellent investment opportunity — two self-contained flats offered together as one freehold lot, generating a strong combined rental income and situated in a popular residential area with reliable rental demand.

Property Overview
The property comprises a ground floor one-bedroom flat and a first floor two-bedroom flat, both benefiting from separate entrances and their own gas/electric supplies.

Ground Floor Flat (No. 1) — currently let at £475 PCM (£5,700 per annum)
-Hallway
-Spacious living room (5.2m x 3.5m)
-Fitted kitchen (2.6m x 2.0m)
-Double bedroom (4.2m x 3.5m)
-Bathroom (2.6m x 1.9m)

First Floor Flat (No. 3) — currently let at £500 PCM (£6,000 per annum)
-Private entrance and staircase
-Living room (4.0m x 4.0m)
-Fitted kitchen (2.5m x 4.0m)
-Main bedroom (3.7m x 3.2m)
-Second bedroom (2.6m x 3.0m)
-Bathroom (2.9m x 1.5m)

Investment Highlights
-Combined rental income: £975 per month / £11,700 per annum
-Two self-contained flats — ideal for landlords, portfolio builders, or those seeking steady rental return
-Popular rental location with strong tenant demand
-Close to local shops, schools, and amenities
-Excellent transport links to Newcastle city centre, the Coast Road, A19 and Tyne Tunnel
- No.3 benefits from under floor heating.

Tenure
-Freehold

Auctioneer’s Note
-A ready-made investment with immediate income and future capital growth potential.

Tenure: Leasehold

EPC Rating: see legals

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

£3,600 inc vat payable upon the fall of the virtual gavel

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* Guide | £30,000 - £60,000
  • 3 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0191 908 9691 for more information

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Floor plan Floor plan
Unconditional Sale Terms & Conditions
Finance available on this property
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Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.