Three-Bed Semi with Garage – £900+ PCM Rental Potential.
Description
An excellent investment opportunity to acquire this three-bedroom semi-detached home, offered for sale by auction and currently sold tenanted at £550 PCM on a periodic month-to-month agreement.
The property is currently let to a long-standing tenant (family friend of the vendor), with rent paid on time and fully up to date. The tenant is aware that the property is being sold and that the current rent is below market value.
Investment Highlights
Current rental income: £550 PCM (£6,600 per annum)
Tenancy: Periodic (month-to-month rolling agreement)
Market rental potential: Circa £900+ PCM
Tenant payment history: No arrears – rent up to date
Flexible exit strategy: Increase rent in line with market value or obtain vacant possession to refurbish and resell
This presents a strong opportunity for investors seeking either immediate yield with scope for uplift, or a value-add refurbishment project with resale potential.
Accommodation
The property offers approximately 84m² of accommodation (excluding garage) and briefly comprises:
Ground Floor:
Entrance hall
Spacious living room (4.5m x 3.4m)
Separate dining area
Fitted kitchen (2.6m x 3.3m)
Utility room
Integral garage (2.6m x 4.9m)
First Floor:
Main bedroom (2.6m x 4.2m)
Bedroom two (2.6m x 3.9m)
Bedroom three (2.0m x 3.0m)
Family bathroom
Externally, the property benefits from a front garden and driveway, together with an enclosed rear garden with decking area and lawn.
Condition & Potential
The property is presented in serviceable condition but would benefit from modernisation in areas, offering clear scope to enhance value through cosmetic updating or more extensive renovation.
Based on local comparables, once improved the property could achieve rental levels in the region of £900+ PCM, or alternatively appeal strongly to the owner-occupier market.
Location
Situated in a popular residential area of South Tyneside (NE34), the property is conveniently positioned for local amenities, schools, transport links and commuter routes.
Summary
A versatile investment opportunity offering:
✔ Immediate rental income
✔ Significant rental uplift potential
✔ Option to renovate and flip
✔ Strong long-term growth prospects
Tenure: Freehold
EPC Rating: E
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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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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