9 Grindleford Court, South Shields, Tyne and Wear NE34 0HW
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Auction Commencing on Monday 23rd March at 1pm and ending 24 hours later on Tuesday 24th March from 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Three-Bed Semi with Garage – £900+ PCM Rental Potential.
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
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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
9 Grindleford Court, South Shields, Tyne and Wear NE34 0HW
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Visit our security centre to find out moreDisclaimer - Property reference 202603031050sq_q1o5. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, North East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, North East on 0191 917 9650.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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