3 bed semi-detached house for sale

9 Grindleford Court, South Shields, Tyne And Wear NE34

For sale by online auction on Tuesday, 24 Mar 2026 ending at 13:22

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 fo

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.