3 bed flat for sale

Elsdon Terrace, North Shields NE29

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For sale by Modern Method of Auction: Starting Bid Price £63,000 plus Reservation Fee.
This property is for sale by The Great North Property Auction Property Auction powered by iam-sold.

Situated on the sought-after Elsdon Terrace in North Shields, this three-bedroom first floor flat is offered for sale with no upper chain and immediate vacant possession, making it an ideal purchase for first-time buyers, downsizers, or buy-to-let investors.

The accommodation briefly comprises: An entrance lobby leading to a generous landing, a bright and airy lounge, a fitted kitchen with a range of wall and base units, a modern three-piece bathroom/WC, and three well-proportioned bedrooms. Additional benefits include gas central heating, double glazing throughout, and a private rear yard - perfect for outdoor storage or relaxation.

Rental Potential: With an estimated rental value of £600–£700 per calendar month, this flat offers a strong return for prospective landlords.

This location offers easy access to an outstanding array of local amenities, including vibrant cafes, stylish bars, and a diverse selection of restaurants. Excellent transport links and prime bus routes are just moments away, ensuring seamless connectivity. For those who enjoy coastal living, King Edward’s Bay and the beautiful Tynemouth Long Sands Beach are only a short commute away, along with the charming and historic Fish Quay. The area is also well-served by highly regarded schools, making it an ideal choice for growing families.

Early viewing is highly recommended to appreciate the space and potential this flat has to offer. For more information, please call our team on .

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *A*.

Lounge (4.43 x 3.89 (14'6" x 12'9"))

Kitchen (3.49 x 2.12 (11'5" x 6'11"))

Bedroom One (4.42 x 3.89 (14'6" x 12'9"))

Bedroom Two (3.33 x 2.15 (10'11" x 7'0"))

Bedroom Three (2.18 x 2.15 (7'1" x 7'0"))

Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.