3 bed flat for sale

1 And 3 Ingoe Street, Wallsend, Tyne And Wear NE28

For sale by online auction on Tuesday, 28 Oct 2025 ending at 13:18

Two Self-Contained Flats - One Freehold Title - £11,400 p.a. Income

Guide Price: £30,000 - £60,000

Current Total Rent: £950 pcm - £11,400 per annum

An excellent investment opportunity - two self-contained flats offered together as one freehold lot, generating a strong combined rental income and situated in a popular residential area with reliable rental demand.

Property Overview

The property comprises a ground floor one-bedroom flat and a first floor two-bedroom flat, both benefiting from separate entrances and their own gas/electric supplies.

Ground Floor Flat (No. 1) - currently let at £450 pcm (£5,400 per annum)

-Hallway

-Spacious living room (5.2m x 3.5m)

-Fitted kitchen (2.6m x 2.0m)

-Double bedroom (4.2m x 3.5m)

-Bathroom (2.6m x 1.9m)

First Floor Flat (No. 3) - currently let at £500 pcm (£6,000 per annum)

-Private entrance and staircase

-Living room (4.0m x 4.0m)

-Fitted kitchen (2.5m x 4.0m)

-Main bedroom (3.7m x 3.2m)

-Second bedroom (2.6m x 3.0m)

-Bathroom (2.9m x 1.5m)

Investment Highlights

-Combined rental income: £950 per month / £11,400 per annum

-Two self-contained flats - ideal for landlords, portfolio builders, or those seeking steady rental return

-Popular rental location with strong tenant demand

-Close to local shops, schools, and amenities

-Excellent transport links to Newcastle city centre, the Coast Road, A19 and Tyne Tunnel

Tenure

-Freehold

Auctioneer’s Note

-A ready-made investment with immediate income and future capital growth potential.Tenure: LeaseholdEPC Rating: see legals

Portrait Video Tour
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Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.