Captains Wharf, South Shields, NE33 1JQ

Property Overview

Two-bedroom purpose-built first-floor leasehold apartment at Captains Wharf, South Shields, NE33 1JQ. The property has a riverside location, balcony with river views and an allocated parking bay to the rear. Guide price: £85,000+.

Accommodation

• Communal secure entrance and first-floor access
• Hallway with laminate flooring and storage cupboard
• Open-plan lounge, kitchen and dining area with balcony access
• Kitchen with wall and base units, integrated oven, hob, fridge/freezer and dishwasher
• Two bedrooms
• Bathroom with bath, shower curtain, pedestal handwash basin and low-flush WC

Wall-mounted electric heaters and double glazing are supplied features. The seller advises mains electricity, water and sewerage.

Location

Captains Wharf is situated close to South Shields Town Centre, local shops, restaurants and the Bus and Metro interchange. South Shields coastline is accessible on foot or by a short drive.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 125 years from 1 October 2002
• EPC: C
• Council Tax: Band B
• Parking: Allocated parking bay to the rear
• Occupancy status: Not supplied
• Service charges, ground rent, condition and other lease details: Not supplied

Auction & Buyer Charges

• Auction date: 30 September 2026
• Guide price: £85,000+
• Auction administration fee: £2,000 plus VAT, stated total £2,400
• Buyer premium: Not supplied
• Auction time: Not supplied
• If a referred North East-based panel solicitor is used, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480).

Investment Analysis

HB estimates only: Indicative GDV: £85,000. Estimated rent: £825 pcm, based on one advertised rental listing. This is an asking rent and is not achieved or passing rent. Estimated gross yield: 11.6%.

HB estimated maximum bid: £82,600. This figure is based on the HB estimated GDV less the known £2,400 auction administration fee. It is not a formal valuation or recommendation to bid. No refurbishment, legal, service-charge or other costs were supplied.

Sold Comparables

HM Land Registry sold data supplied for leasehold flats and maisonettes at Captains Wharf:

Rental Evidence

Advertised rental evidence: one two-bedroom flat/apartment in South Shields listed at £825 pcm on OnTheMarket. This is an advertised asking rent, not an achieved or passing rent. No auctioneer estimated rent was supplied.

Strategy & Risks

• HB estimates use an indicative GDV of £85,000 and an estimated rent of £825 pcm.
• Treat £82,600 as an indicative HB maximum bid only; do not exceed it without confirming condition, lease terms, service charges, other auction costs and achievable rent.
• Completed sales evidence is widely dispersed, from £63,000 to £129,950.
• The two most recent supplied comparables sold below the £85,000 guide price.
• Occupancy status, condition, service charges and ground rent were not supplied.
• Only the £2,400 auction administration fee is known; other acquisition and ownership costs may apply.