Summary - 54 COLLINGWOOD VIEW NORTH SHIELDS NE29 0ET
1 bed 1 bath Flat
Low-maintenance one-bed investment near North Shields town centre and Metro station.
Investment let producing £5,280 pa
Ground-floor one-bedroom flat with rear paved yard
Long lease remaining (966 years) — leasehold tenure
Sold at traditional online auction; fees and 10% deposit apply
Compact, dated interiors; minor refurbishment potential
Double glazing and gas central heating already installed
Area classed as deprived; average crime — affects tenant demand
Convenient for Metro, town centre, A19 and Tyne Tunnel
This ground-floor one-bedroom flat in Collingwood View is presented primarily as an investment lot. It has been previously tenanted and currently produces about £5,280 per year, making it a straightforward buy-to-let with a long lease (966 years) and low running complexity — double glazing, gas central heating and laminate floors are already in place.
The location is practical for renters: within walking distance of North Shields town centre and the Metro station, with quick access to the A19 and Tyne Tunnel. The flat sits in a Victorian mid-terrace building with a small paved rear yard that is low maintenance, and the living spaces are compact and manageable for single tenants or couples.
Buyers should note the sale route and costs. This property is offered via a traditional online auction: exchange occurs on the fall of the online hammer, a 10% deposit is payable on exchange (part paid immediately), and a buyer premium of £3,000 (inc. VAT) is charged. Interested parties must check the legal pack and special conditions for the exact fee and contract details.
The property sits in an area classified as deprived with average crime levels — factors that may affect tenant demand and management. Internally the décor is dated in places and the accommodation is small; this presents an opportunity for modest refurbishment to improve rent or resale value, but buyers should budget for any updates and carry out their own inspections.
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