FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 20th APRIL AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE
Description
For sale by auction is this vacant two-bedroom terraced house, in a consistently strong rental and resale location within NE17.
The property extends to approximately 76 m² (937 sq ft) as per the recent EPC. The accommodation is arranged over two floors and offers well-proportioned rooms. With a Living Room and a Kitchen-Diner to the ground floor. 2 Bedrooms and a Bathroom to the first floor.
Externally, there is a rear yard, a front garden, and on-street parking available close to the property.
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Investment/Rental opportunity
Once renovated, we expect an achievable rental income of £600pcm / £7,200 pa.
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Family Resale / Flip
The property also presents a strong flip opportunity. The adjoining property has reportedly sold for approximately £80,000 following modernisation and is presented as a well-finished family home. This demonstrates clear resale demand within the immediate terrace.
With refurbishment and internal reconfiguration, the property could be repositioned as a high-quality two-bedroom family dwelling.
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Loft Conversion Potential
There is further scope to explore a loft conversion (subject to the necessary consents), which could significantly increase both rental income and resale value.
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Investment Rationale
NE17 remains a well-established location popular with:
• Young professionals
• Students
• Working tenants
• Owner-occupiers
The area benefits from strong transport links and convenient access to key employment hubs in the North East.
Following refurbishment, the property offers:
• Strong gross yield potential
• Attractive resale comparables (flip strategy)
• Long-term capital growth prospects
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Tenure
Assumed Freehold
Vacant Possession
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Auctioneer’s Note
This property presents a versatile investment opportunity offering both rental potential and strong resale comparables. Buyers must satisfy themselves regarding planning, licensing requirements and any comparable sales prior to bidding.
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Tenure: See Legal Pack
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
Administration Charge is a non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0114 223 0777 for more information
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