{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"759239428212160","summary":"Two-bedroom investment flat in Washington, Tyne and Wear. Guide price £15,000 plus fees. Lot 99 at Palace Auctions London, 24th June. Vacant, with strong rental potential after updating. Leasehold, 89 years left. Ideal for buy-to-let investors seeking long-term growth.","archived":false,"description":"159 Collingwood Court, Washington, Tyne and Wear
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The Headlines:
This is a rare, low-entry investment opportunity in Tyne and Wear, offering strong long-term rental potential, robust yields, and future-proofed value thanks to ongoing regional regeneration and leasehold reforms.
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Listing URL

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Introduction: Investment Flat Tyne and Wear
Welcome to an exceptional opportunity to acquire an investment flat in Tyne and Wear, offered at a highly attractive guide price. Lot 99, 159 Collingwood Court, Washington, is a two-bedroom leasehold apartment with 89 years remaining, available at the Palace Auctions London event on 24th June. This property is vacant and ready for internal updating, presenting a compelling prospect for buy-to-let investors seeking long-term growth, robust yields, and future-proofed value in one of the UK’s most dynamic regions.
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Why Choose This Investment Flat Tyne and Wear?
This investment flat in Tyne and Wear stands out for its affordability, location, and future potential. With a guide price of just £15,000 plus buyer’s premium and vendor’s special conditions, it offers a rare low-entry point into the North East property market. The flat features a spacious lounge (19’0 x 14’6), a fitted kitchen (10’6 x 5’9), two well-proportioned bedrooms, and a family bathroom. Gas central heating and uPVC double glazing ensure comfort and energy efficiency. The property is leasehold, with 89 years remaining, a service charge of £1,000 per annum, and a ground rent of just £10 per annum. Previously, it achieved a rental income of £5,160 per annum, highlighting its letting potential once updated.
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Auction Details and How to Bid
This property is Lot 99 in the upcoming Palace Auctions London sale, taking place on 24th June. Bidders must pre-register and complete anti-money laundering checks before participating. The auction is governed by the RICS Common Auction Conditions and Palace Auctions’ own terms. For more information on the auction process, visit the current auction catalogue and the beginner’s guide to auctions. The buyer’s premium and vendor’s special conditions apply, so please review the terms and conditions before bidding.
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Investment Flat Tyne and Wear – Long-Term Potential
The long-term potential of this investment flat in Tyne and Wear is underpinned by the region’s strong rental market, ongoing regeneration, and recent leasehold reforms. The North East boasts some of the UK’s highest average gross yields, currently at 7.9%, with Sunderland and surrounding areas regularly achieving yields of 8% or more. Demand for rental accommodation remains robust, supported by affordable rents and a supply-demand imbalance. The property’s location in Washington, close to major transport links and regeneration zones, further enhances its appeal for both tenants and investors.
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Robust Rental Demand and Yield Prospects
Tyne and Wear is renowned for its strong rental yields and consistent tenant demand. Letting agents in the region report an average of 11 enquiries per property, reflecting ongoing interest from renters. The average rent in Sunderland is £648 per month, making it one of the most affordable cities for tenants and supporting high occupancy rates. With a previous rental income of £5,160 per annum, this flat offers the potential for attractive returns once refurbished. The North East’s affordability and high yields make it a top choice for buy-to-let investors seeking stable, long-term income.
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Regeneration and Infrastructure Growth
Significant regeneration and infrastructure investment are transforming Tyne and Wear, driving future growth and enhancing property values. The South Tyneside Local Plan 2023–2040 outlines major investment in housing, transport, and economic development. Key projects include upgrades to the Metro system, new housing developments, and improved connectivity via the A19 and Shields Ferry. The Levelling Up Fund and North East Combined Authority are providing additional funding for local regeneration, supporting sustainable growth and creating new opportunities for investors. For more on local regeneration, see the South Tyneside Local Plan and GOV.UK Land Registry.
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Leasehold Reform and Investor Security
Recent government reforms (Leasehold and Freehold Reform Act 2026) have made leasehold investment more transparent and secure. Lease extensions and freehold purchases are now cheaper and easier, with increased transparency around service charges and building insurance. Leaseholders have enhanced rights to challenge poor management and more control over building management. The government’s move towards commonhold as the default tenure for new flats will further strengthen investor security and eliminate ground rent. This flat’s leasehold status, with 89 years remaining, offers peace of mind and long-term value for investors.
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Property Features and Layout
The flat comprises an entrance hall, a spacious lounge (19’0 x 14’6), a fitted kitchen (10’6 x 5’9), a family bathroom, and two good-sized bedrooms (Bedroom 1: 11’0 x 11’0; Bedroom 2: 10’9 x 10’0). Gas central heating and uPVC double glazing provide comfort and energy efficiency. The property is currently vacant, offering a blank canvas for internal updating and possible reconfiguring to maximise rental appeal. The layout is ideal for professional tenants, couples, or small families, ensuring broad marketability.
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Affordability and Entry-Level Investment
With a guide price of just £15,000 plus fees, this investment flat in Tyne and Wear represents one of the most affordable entry points into the UK property market. The North East is known for its low property prices and high yields, making it a magnet for both new and experienced investors. Leasehold flats in the region average £150,000, while entry-level buy-to-let properties in Sunderland are around £63,000. This lot offers exceptional value and the potential for significant capital growth as the market continues to evolve.
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Local Amenities and Transport Links
The property is well-located in Washington, Tyne and Wear, with easy access to local amenities, schools, shops, and public transport. Excellent road links via the A19 and proximity to the Metro system ensure convenient connections to Sunderland, Newcastle, and the wider North East. The area benefits from ongoing infrastructure improvements, enhancing its appeal for tenants and supporting long-term rental demand. For more information on local property trends, visit Rightmove Tyne and Wear Flats for Sale.
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Future-Proofed Investment Strategy
Investing in this flat aligns with a future-proofed strategy, leveraging the North East’s affordability, high yields, and ongoing regeneration. The property’s vacant status allows for immediate updating and re-letting, while the region’s strong rental market ensures consistent demand. Leasehold reforms and infrastructure investment further enhance long-term security and growth prospects. Whether you are a first-time investor or expanding your portfolio, this lot offers a rare combination of value, potential, and security.
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How to Register and Next Steps
To participate in the auction, prospective buyers must pre-register and complete anti-money laundering checks. Detailed information on the auction process, terms, and legal packs is available via the auction catalogue and terms and conditions. For valuation services or to arrange a viewing, contact Palace Auctions London. Don’t miss this opportunity to secure a high-yield investment flat in Tyne and Wear at a compelling price.
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Investment Flat Tyne and Wear – Summary and Call to Action
This investment flat in Tyne and Wear offers a unique chance to enter the North East property market at a low cost, with strong prospects for rental income and capital growth. The combination of affordable pricing, robust yields, ongoing regeneration, and leasehold reforms makes this lot an outstanding choice for long-term investors. Register now for the Palace Auctions London event on 24th June and take the first step towards securing your future in property investment. For expert advice and further information, visit the Palace Auctions London website or consult the GOV.UK Land Registry for property ownership guidance.
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Remember:
This property is a rare, affordable entry into a high-yield market, with strong long-term prospects due to regional regeneration, robust rental demand, and enhanced leasehold security.
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Summary & Call to Action
Seize this outstanding investment flat in Tyne and Wear—Lot 99, 159 Collingwood Court—at the Palace Auctions London event on 24th June. With a guide price of £15,000 plus fees, vacant possession, and exceptional long-term potential, this is an opportunity not to be missed. For further advice, detailed auction terms, or to arrange a viewing, visit Palace Auctions London or consult the GOV.UK Land Registry. Register today and secure your future in property investment.
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Ready to invest?
Register for the auction, review the legal pack, and contact Palace Auctions London for expert guidance on this and other high-potential Tyne and Wear.

","disclaimer":{"raw":"Disclaimer - Property reference PALRM220620265. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Palace Auctions (London) LTD, London. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":["PARKING","TRANSPORT_LINKS","WELL_CONNECTED","OPEN_PLAN"],"keyFeatures":["Two-bedroom leasehold flat with 89 years remaining on lease.","Spacious lounge (19’0 x 14’6) and fitted kitchen (10’6 x 5’9).","Guide price £15,000 plus buyers premium and vendor’s special conditions.","Previously achieved rental income of £5,160 per annum.","Service charge £1,000 pa; ground rent £10 pa.","Gas central heating and uPVC double glazing throughout.","Vacant possession; ready for internal updating and reconfiguring.","Lot 99 in Palace Auctions London, auction date 24th June.","Located in a high-yield North East region (average yields 7.9%+).","Close to regeneration zones and excellent transport links."],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":15000,"displayQualifier":"GUIDE_PRICE","frequency":null,"rentObligation":null},"useClasses":["C3"],"tenureType":"LEASEHOLD","tenureYearsRemaining":89,"parkingSpaces":0,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":0,"planningPermission":"NONE","businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/360fa4298/759239428212160/360fa42982c9af39a3f25bd0c886f11a.pdf","description":"Particulars "}],"photos":[{"uri":"property-photo/2597e3ef2/759239428212160/2597e3ef227e1e5b37d34164bf9a7cc5.jpeg","description":""},{"uri":"property-photo/84c32eb2e/759239428212160/84c32eb2e557040973453bf52a92f917.jpeg","description":""},{"uri":"property-photo/c7ce8eb5b/759239428212160/c7ce8eb5b7f12749a0c00e0b52c77ce8.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"Collingwood Court, Sulgrave, Washington, Sunderland","showMap":true,"postcode":{"incode":"3EF","outcode":"NE37"},"streetView":{"latitude":54.915502,"longitude":-1.508248,"heading":17.777902,"pitch":0,"zoom":1,"showStreetView":true},"latitude":54.915374,"longitude":-1.50824},"nearestStations":[{"distance":2.588038303268168,"name":"South Hylton Metro Station","types":["TRAM"],"unit":"miles"},{"distance":2.7983601664093998,"name":"Pelaw Metro Station","types":["TRAM"],"unit":"miles"},{"distance":3.0503245646390735,"name":"Fellgate Metro Station","types":["TRAM"],"unit":"miles"}],"agents":[{"name":"Palace Auctions (London) LTD, London","email":null,"profileUrl":"/estate-agents/agent/Palace-Auctions/London-302483.html","logo":"/partner-logo/45077600-LOGO-1778054872861.jpg","id":302483,"description":"

Palace Auctions London is a leading property auctioneer, specialising in residential and commercial sales across all London boroughs and beyond. Our award-winning team combines unrivalled local expertise with global reach, offering both in-room and advanced online auctions for maximum exposure and certainty of sale. We provide transparent, competitive bidding, legally binding transactions, and a seamless process from expert valuation to completion—typically within 28 to 56 days.

Our services include free market appraisals, tailored marketing, legal pack preparation, and specialist advice for investors, developers, first-time buyers, and charities. With a 95% completion rate and record results in prime London areas, we deliver swift, secure sales and outstanding value for every client.

Contact our Mayfair office for a confidential discussion about your property needs.

11 Old Bond Street, London, W1S 4PN | 07971033276 or 0207 101 3647

Opening Hours: Mon–Sat 5am–8:30pm

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