Coleridge Avenue, South Shields, NE33 3EZ

Property Overview

Vacant three-bedroom leasehold maisonette situated on Coleridge Avenue in the Westoe area of South Shields. The property offers versatile accommodation, a private rear yard and access to the Town Centre, coastline, parks and seaside attractions.

Accommodation

• Entrance hallway
• First-floor landing
• Front bedroom
• Rear bedroom
• Guest WC
• Lounge
• Dining room
• Kitchen
• Loft landing
• Loft bedroom
• Bathroom

Location

Coleridge Avenue is located in the Westoe area, with easy access to South Shields Town Centre, the award-winning coastline, parks and seaside attractions.

Tenure & Key Information

• Tenure: Leasehold
• Occupancy: Vacant possession
• Lease: 999 years from 8 November 1996 with a peppercorn rent
• EPC: D
• Council Tax: Band A
• Private rear yard
• Seller advises that mains gas, electricity, water and sewerage are provided
• Very low risk of surface water flooding, as advised
• Parking and heating information are not supplied

Auction & Buyer Charges

• Guide Price: £85,000+
• Auction Date: 30 September 2026
• Auction Administration Fee: £2,000 + VAT, totalling £2,400
• Option 2 terms require a £3,000 deposit, which comes off the purchase price
• Buyer premium: not supplied
• Other fees: not supplied

Investment Analysis

HB estimate: the five same-avenue leasehold flat sales range from £61,500 to £97,000, with an average of £85,700 and median of £88,000. The £85,000+ guide is broadly aligned with the supplied evidence, although the range may reflect differences in condition, size or specification that have not been supplied.

• Estimated value: £85,700 (HB estimate)
• Estimated rent: £675 pcm (HB estimate based on advertised, not achieved, rents)
• Estimated gross yield: 9.45% before costs (HB estimate)
• Maximum bid: cannot be reliably established from the supplied information

The HB analysis recommends bidding cautiously around the guide only after checking the legal pack, lease term, service charge, ground rent, restrictions and property condition. Allow for the £2,400 administration fee and all other unsupplied purchase and ownership costs.

Sold Comparables

HM Land Registry sold data supplied for same-avenue leasehold flats and maisonettes:

Rental Evidence

The supplied rental evidence comprises two advertised asking rents for three-bedroom flats at £675 pcm. These are advertised rents, not achieved or passing rents, and do not constitute a formal valuation or guaranteed income.

• NE33, South Shields Town Centre, Deans and High Shields: £675 pcm advertised asking rent
• North Shields, Tyne and Wear: £675 pcm advertised asking rent

Auctioneer estimated rent: not supplied.

Strategy & Risks

• No property-specific condition, floor area or specification evidence is supplied.
• Comparable sold prices vary materially from £61,500 to £97,000.
• Rental evidence consists only of two advertised asking rents and may not reflect achieved rent.
• Lease length, service charge, ground rent and lease restrictions are not supplied.
• Buyer premium and other acquisition costs are not supplied; the known administration fee is £2,400 including VAT.
• A reliable maximum bid cannot be established without refurbishment, operating-cost and target-return assumptions.