1 and 3 Ingoe Street, Wallsend, Tyne and Wear, NE28 0LA
Auction House North EastAuction House is the UK's largest residential and commercial property auctioneer, selling more properties than any other auction house. With multiple auction rooms and regular National Online Auctions, they offer a seamless buying and selling experience. Whether you're seeking an investment, refurbishment project, or land, Auction House provides expert guidance and nationwide reach.
Read more Read moreGuide Price: £30,000 - £60,000 Current Total Rent: £950 PCM — £11,700 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 £475 PCM (£5,700 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: £975 per month / £11,700 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 - No.3 benefits from under floor heating. Tenure -Freehold Auctioneer’s Note -A ready-made investment with immediate income and future capital growth potential.
