Gerald Street, South Shields
North East
£65,000Guide Price
Listed on 06/10/2026
Listed on 06/10/2026
The listing
Property details
Bedrooms
3Type
TerracedFeatures
- Garden
- Parking
Description
Offered at auction on 29 October 2026, this three-bedroom mid-terrace house is offered with vacant possession. The ground floor comprises an entrance porch and hall, a living room, a shower room and a kitchen. Upstairs are three bedrooms. The listing states that the property has double glazing, gas central heating and modern shower room fittings, and would benefit from some modernisation.
Outside, there are gardens to the front and rear, with a driveway providing off-street parking. The property is described as freehold, subject to verification by the buyer. Auction terms and conditions apply, and prospective purchasers should consult the auction details and legal information before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
52out of 100
Grade DWeak opportunity
Confidence: LOW
This three-bedroom terrace has a usable starting point, with double glazing, gas central heating, a comparatively modern shower room and off-street parking. The photographed living room and bedrooms are functional but dated, while the older-style kitchen and overgrown front planting offer straightforward scope for redecoration and a tidy-up; the indicated works are £5,000–£13,000. At £65,000, value versus local £/sqf cannot yet be judged because the floor area is missing.
Key opportunities
- Refresh the dated wallpaper and decorative finishes in the living room and photographed bedrooms.
- Update the older-style fitted kitchen while retaining its existing units and worktops where suitable.
- Clear and maintain the visible front planting to improve the approach; the listing also describes a rear garden.
Key risks
None recorded.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£246
Based on a loan of £48,750 over 30 years at 4.45% interest
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