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Grindleford Court, South Shields

PROPERTY TYPE

Semi-Detached

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1
1

Key features

  • 3-bedroom semi-detached home
  • Sold via auction (23rd–24th March)
  • Currently tenanted at £550 PCM
  • Periodic month-to-month tenancy
  • Rental potential £900+ PCM
  • No rent arrears
  • Integral garage & driveway
  • Front & enclosed rear garden
  • Scope to modernise & add value
  • Freehold – EPC Rating E

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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Grindleford Court, South Shields

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Renovation potential
Recently sold & under offer
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About Browns Estate Agents, South Shields

9 Dean Road, South Shields, NE33 3PS
Industry affiliations:Industry affiliation logo 0

Browns Estate Agents is a multi-award-winning family-run agency that seamlessly blends traditional estate agency values with cutting-edge technology to deliver exceptional service to our clients. With a strong reputation built over years of dedicated service, we specialize in both sales and lettings, providing comprehensive financial and conveyancing services to meet all your property needs.

Our agency has featured prominently on the popular property TV show Homes Under The Hammer, underscoring our industry expertise and success. Most recently, we were honored with an award recognizing our leadership in adopting advanced technologies within the estate agency sector.

At Browns Estate Agents, we pride ourselves on offering a bespoke service tailored to each client's unique requirements. Whether you are buying, selling, or letting, we provide a range of price options and services to accommodate diverse needs and budgets. Our team consists of fully qualified professionals with expertise in sales, lettings, and customer service, all of whom are driven by enthusiasm and a commitment to excellence.

Experience our elite service firsthand-we look forward to partnering with you on your property journey.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£320
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference BRW_BRW_LFSYCL_647_836486660. 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 Browns Estate Agents, South Shields. 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 Browns Estate Agents, South Shields on 0191 406 3441.

*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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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