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27 Dacre Street, South Shields, Tyne and Wear NE33 5QD - Image 1
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27 Dacre Street, South Shields, Tyne and Wear NE33 5QD

North East

£40,000Guide Price

Listed on 10/09/2026

The listing

Property details

Bedrooms
3
Type
Flat

Description

This three-bedroom flat in South Shields presents a promising investment opportunity. Located just a mile south of the town center, the property benefits from convenient access to Chichester underground station, which offers direct links to the city and beyond. The accommodation includes a lounge, kitchen, three bedrooms, and a bathroom, providing a functional layout for potential tenants or homeowners alike. Offered at auction on 30 September 2026, this property is ideal for those looking to enter the market with a leasehold tenure that includes a new 990-year lease with peppercorn ground rent. Prospective buyers are encouraged to conduct viewings and independent inquiries prior to bidding, as contracts will be binding upon sale. This flat's location and features make it a noteworthy option for those interested in the local property market.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

44out of 100
Grade ELow opportunity

Confidence: LOW

This three-bedroom flat in South Shields presents a unique opportunity for those looking to invest in a property with potential. Priced at £40,000, the asking price is significantly below the local average, making it an attractive entry point for buyers willing to undertake a renovation project. The flat is well-situated just a mile from the centre of South Shields, with convenient access to Chichester underground station for direct transport into town.

While the property does require work, it offers a blank canvas for improvement. The new 990-year lease with peppercorn ground rent adds to its appeal, ensuring long-term security for potential owners. With the right vision, this flat could transform into a desirable living space in a convenient location, making it a worthwhile consideration for those looking to add value through renovation.

Key opportunities

  • Significantly below local average asking price, providing a cost-effective entry point.
  • Long lease term with peppercorn ground rent offers security for future ownership.
  • Potential for a full refurbishment, allowing buyers to create a tailored living space.

Key risks

None recorded.

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Map

Location

27 Dacre Street, South Shields, Tyne and Wear NE33 5QD
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£151
Based on a loan of £30,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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Indicative tax based on the asking price and the options you select.

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