Summary - 35 Collingwood Court NE37 3EB
3 bed 1 bath Maisonette
Immediate rental income in a large two‑storey property near local amenities.
Tenure: Leasehold; will be sold via online auction
Large maisonette: approximately 1,314 sq ft over two floors with garden
Currently tenanted — reported income circa £450 pcm; immediate yield potential
EPC C and mains gas boiler with radiators; double glazing present
No upper chain; guide price £35,000
Located in a very deprived area with high local crime statistics
Mid‑century Brutalist block; communal maintenance and flat roof considerations
May require cosmetic updating and active management for long‑term value
This large three-bedroom maisonette is offered for sale by online auction at a guide price of £35,000. Set over two floors, the property totals around 1,314 sq ft and includes a garden, double glazing and gas central heating — features that support lettability in this location. It is sold leasehold and comes with no upper chain.
The property is currently tenanted and reported as producing rental income (circa £450 pcm), presenting an immediate income stream for an investor seeking a ready-made buy-to-let. EPC rating C and mains gas heating are practical positives for ongoing running costs; council tax is very low.
Buyers should be aware of material local factors: the area is classified as very deprived with high crime levels and constrained rental market demographics. The building is a mid-century Brutalist-style block (1967–1975 construction) and may require cosmetic updating or management attention; communal grounds and flat roofs are typical maintenance considerations.
This lot suits investors comfortable purchasing at auction who want immediate tenancy and yield, or an owner-occupier prepared to carry refurbishment and manage a leasehold property in a challenging local market. Full legal pack and possession/tenancy details should be checked before bidding.
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