Summary - 101 ELSDON TERRACE NORTH SHIELDS NE29 7AS
3 bed 1 bath Flat
Auction sale — low entry price, strong rental potential but buyer fees apply.
No onward chain; immediate vacant possession
Sold by auction; reservation fee and buyer fees apply
Estimated rent £600–£700 pcm (buy-to-let potential)
Leasehold with long unexpired term (c.900 years)
Compact 765 sq ft — bedrooms two and three are small
Located near Metro, shops, schools and coastal amenities
Area materially deprived; crime rate above local average
Requires only cosmetic updating rather than structural work (assessed visually)
Offered for sale by modern auction, this three-bedroom first-floor flat on Elsdon Terrace presents clear rental and refurbishment potential. The property comes with no onward chain and immediate vacant possession, gas central heating, double glazing and a private rear yard — useful features for buy-to-let or a first renovation project. Proximity to the Metro, local amenities and the coast supports a steady tenant market.
The flat is compact (approx. 765 sq ft) with one bathroom and an efficient, traditional layout. Bedroom one is the largest room; bedrooms two and three are smaller and better suited as children’s rooms, guest rooms or home offices. The accommodation is broadly neutral and ready for cosmetic updating to increase rental yield or resale value.
Important buyer information: the property is leasehold and will be sold at auction. A non-refundable Reservation Fee applies (4.5% of the purchase price including VAT, minimum £6,000) plus a buyer pack fee (approx. £300). The sale is subject to a reserve price and auction terms — buyers should complete full legal and financial checks before bidding.
Location and local conditions are mixed. The flat benefits from excellent transport links, nearby schools (several rated Good), and access to coastal leisure, but it sits in a very deprived ward with above-average crime statistics. Investors should factor that into lettings strategy and pricing; owner-occupiers should consider local area challenges alongside the low asking price.
3 bedroom flat for sale in Norham Road, North Shields, NE29 — £50,000 • 3 bed • 1 bath • 694 ft²
2 bedroom ground floor flat for sale in Elsdon Terrace, North Shields, NE29 — £50,000 • 2 bed • 1 bath • 754 ft²
3 bedroom flat for sale in Elsdon Terrace, North Shields, NE29 — £90,000 • 3 bed • 1 bath • 587 ft²
3 bedroom flat for sale in Wharton Street, South Shields, NE33 — £55,000 • 3 bed • 1 bath • 786 ft²
2 bedroom ground floor flat for sale in Drummond Terrace, North Shields, NE30 — £125,000 • 2 bed • 1 bath • 518 ft²
2 bedroom flat for sale in Belford Terrace, Tynemouth, Tyne and Wear, NE30 — £135,000 • 2 bed • 1 bath • 725 ft²
