2 Bedroom Terraced House

FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 20th APRIL AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE

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

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.