No longer on the market
This property is no longer on the market
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Auction
Sold STC
Property
Features and description
- Prime Location In Westoe Village, On A Large Freehold Site
- Within Proximity To Key Local Amenities Within Westoe
- Modern Apartments With Historic Charm
- Variety Of Apartment Types Within Two Buildings
- Strong Investment Potential For 11 Rental Properties
- Residential & Visitor Parking Located Within The Grounds
- Reference : 461904
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FOR SALE BY WAY OF ONLINE AUCTION - ON 31ST OF MARCH 2025. Terms and Conditions apply. See Agents Property Auctions Website for full details.
This impressive property, situated in the heart of Westoe Village, offers 11 quality apartments on a freehold site of approximately 0.47 acres. Westoe Village is a highly sought after residential area known for its charming 18th and 19th-century buildings. Located on a tree-lined street surrounded by larger, characterful homes, the property sits just north of South Tyneside College, providing an ideal balance of residential tranquillity and accessibility. On a fully occupied let basis the return provided is approx £80,000PA, against guide this equates to a Gross Yield of 9%PA.
The location is a major draw, with easy access to South Shields Town Centre, excellent local transport links, highly regarded schools, beautiful beaches, and picturesque parks - all within walking distance. This combination of convenience and lifestyle appeal makes the property particularly attractive to renters.
Originally a nursing home, the building was converted to 11 modern residential apartments around 2007, offering a blend of contemporary living with the charm of a historic setting. The original structure on the eastern side of the site houses apartments 5-11, which share a communal entrance, hallway, and staircase. On the western side, a more recently constructed building contains apartments 1-4, each with its own private uPVC entrance door, offering added exclusivity and privacy.
This freehold site presents a fantastic long-term investment opportunity in a highly desirable location, with the potential for strong rental yields and capital growth. The combination of character and modern living makes it an excellent addition to any property portfolio.
FLAT 1 , GROUND FLOOR FLAT
Two Bedrooms - £725.00
FLAT 2 , UPPER FLOOR FLAT
Two Bedrooms - £625.00
FLAT 3 , GROUND FLOOR FLAT
Three Bedrooms - £825.00
FLAT 4 , UPPER FLOOR FLAT
Three Bedrooms - £714.00
FLAT 5 , STUDIO
One Bedroom - £595.00
FLAT 6 , GROUND FLOOR FLAT
One Bedroom - £499.00
FLAT 7 , GROUND FLOOR FLAT
Two Bedrooms - £750.00
FLAT 8 , GROUND FLOOR FLAT
Two Bedrooms - £795.00
FLAT 9 , FIRST FLOOR FLAT
Two Bedrooms - £750.00
FLAT 10 , FIRST FLOOR FLAT
Three Bedrooms - £695.00
FLAT 11 , FIRST FLOOR FLAT
Three Bedrooms - £825.00
EXTERNALLY
PARKING
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
Auction Disclaimer
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. [use Contact Agent Button]
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
This impressive property, situated in the heart of Westoe Village, offers 11 quality apartments on a freehold site of approximately 0.47 acres. Westoe Village is a highly sought after residential area known for its charming 18th and 19th-century buildings. Located on a tree-lined street surrounded by larger, characterful homes, the property sits just north of South Tyneside College, providing an ideal balance of residential tranquillity and accessibility. On a fully occupied let basis the return provided is approx £80,000PA, against guide this equates to a Gross Yield of 9%PA.
The location is a major draw, with easy access to South Shields Town Centre, excellent local transport links, highly regarded schools, beautiful beaches, and picturesque parks - all within walking distance. This combination of convenience and lifestyle appeal makes the property particularly attractive to renters.
Originally a nursing home, the building was converted to 11 modern residential apartments around 2007, offering a blend of contemporary living with the charm of a historic setting. The original structure on the eastern side of the site houses apartments 5-11, which share a communal entrance, hallway, and staircase. On the western side, a more recently constructed building contains apartments 1-4, each with its own private uPVC entrance door, offering added exclusivity and privacy.
This freehold site presents a fantastic long-term investment opportunity in a highly desirable location, with the potential for strong rental yields and capital growth. The combination of character and modern living makes it an excellent addition to any property portfolio.
FLAT 1 , GROUND FLOOR FLAT
Two Bedrooms - £725.00
FLAT 2 , UPPER FLOOR FLAT
Two Bedrooms - £625.00
FLAT 3 , GROUND FLOOR FLAT
Three Bedrooms - £825.00
FLAT 4 , UPPER FLOOR FLAT
Three Bedrooms - £714.00
FLAT 5 , STUDIO
One Bedroom - £595.00
FLAT 6 , GROUND FLOOR FLAT
One Bedroom - £499.00
FLAT 7 , GROUND FLOOR FLAT
Two Bedrooms - £750.00
FLAT 8 , GROUND FLOOR FLAT
Two Bedrooms - £795.00
FLAT 9 , FIRST FLOOR FLAT
Two Bedrooms - £750.00
FLAT 10 , FIRST FLOOR FLAT
Three Bedrooms - £695.00
FLAT 11 , FIRST FLOOR FLAT
Three Bedrooms - £825.00
EXTERNALLY
PARKING
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
Auction Disclaimer
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. [use Contact Agent Button]
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
About this agent
Andrew Craig has a great selection of homes for sale and to rent across the North East. Use the simple search above to find your new home. We can take care of all of your property needs, including : sales, lettings, property management, auctions, conveyancing, surveys, commercial and more! With 12 branches across the region and a team of professional staff you can rely on Andrew Craig to get you moving.