2 bed flat for sale

Stanhope Road, South Shields, Tyne And Wear NE33

Investment Opportunity On Stanhope Road

Modern Method Of Auction

Investor Opportunity – 2-Bedroom Ground Floor Flat, Stanhope Road, South Shields

This two-bedroom ground-floor flat on Stanhope Road is a fantastic investment opportunity, ideal for buyers looking to renovate and add value. Requiring updating and refurbishment, this property has excellent potential for those willing to undertake some work.

As you enter the property, the first room on the right is a spacious bedroom with a bay window, allowing plenty of natural light. The second bedroom is large enough to fit a double bed with storage, offering flexibility for different uses. The living room is a comfortable space, though it does require some attention due to ongoing ceiling repairs from damage caused by the upstairs flat.

The kitchen is a standard galley layout, leading directly to the bathroom, which is in good condition and features a bath with an overhead shower, toilet, and basin. The property also benefits from a shared rear yard, providing some outdoor space.

This property presents an excellent opportunity for investors or first-time buyers looking for a renovation project. With great rental potential once updated, it’s situated close to Boldon Lane, benefiting from local amenities, schools, and transport links.

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Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.