Salisbury Street, South Shields, NE33
North East
£55,000Guide Price
Listed on 03/11/2026
Listed on 03/11/2026
The listing
Property details
Bedrooms
2Type
FlatArea
786 sqftFeatures
- Garden
Description
Offered at auction, this two-bedroom Victorian ground-floor flat has generous room proportions, high ceilings and period details. The reception room has a bay window, while a central entrance hall connects the principal rooms. Both bedrooms are described as well-sized and could also serve as a study or guest room.
The property requires modernisation, giving a purchaser scope to update the interiors. A private courtyard is accessed directly from the flat. Local amenities, transport links and schools are within reach. The sale is through the Modern Method of Auction, with a 56-day reservation period and a non-refundable reservation fee; buyers should review the information pack and auction terms before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £55,000, this is a notably cheap acquisition against the local £/sqf average: £70/sqf compared with £147/sqf. The Victorian ground-floor flat offers a generous reception with a bay window and period detailing, plus a private enclosed courtyard, giving a buyer a distinctive canvas to modernise and make their own.
The project is medium in scale: dated finishes and worn flooring run through the photographed rooms, while the kitchen needs particular attention and the bathroom’s lower-junction discolouration merits investigation. The exterior appears broadly intact in the supplied views. As the listing is offered by auction, bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Update the dated interiors and worn flooring to bring a consistent finish to the flat.
- Replace the tired kitchen finishes and address the damaged or unfinished area beneath the sink.
- Make the most of the bay-windowed reception, period detailing and enclosed courtyard as distinctive features.
Key risks
- Discolouration at the bathroom’s lower wall and floor junction should be investigated before work is planned.
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Transport
Nearest stations
South Shields (Tyne and Wear Metro Station)
0.4 miles
Metro · South Shields
Chichester (Tyne and Wear Metro Station)
0.6 miles
Metro · Chichester
North Shields (Tyne and Wear Metro Station)
1.3 miles
Metro · North Shields
Tyne Dock (Tyne and Wear Metro Station)
1.4 miles
Metro · Tyne Dock
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£225
Based on a loan of £41,250 over 30 years at 5.13% 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.
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