2 bed flat for sale

11 Grace House St. Johns Green, North Shields, Tyne And Wear NE29

For sale by online auction on Tuesday, 19 May 2026 ending at 13:02

Tenanted two-bedroom maisonette in North Shields generating £475 pcm (£5,700 pa) with a reliable tenant in situ, offering an immediate, hassle-free investment opportunity

Tenanted Investment Opportunity | Two Bedroom Maisonette | Immediate Income

An excellent opportunity to acquire a tenanted two-bedroom maisonette situated within Grace House, St. Johns Green, a well-established residential area of North Shields. This property is ideally suited to buy-to-let investors seeking an immediate, income-producing asset.

The accommodation is arranged over two floors and briefly comprises: Entrance hall, kitchen, and a spacious lounge/dining area to the first floor. To the second floor are two well-proportioned bedrooms and a family bathroom. The property benefits from good natural light throughout and a practical layout, appealing to long-term tenants.

Externally, the development offers communal grounds and parking, with nearby amenities, transport links, and local schools all within easy reach.

Investment Details

Current Rent: £475 pcm (£5,700 per annum)

Tenancy: Established tenant in situ

Payment History: Rent paid in full and on time with no arrears or issues

Tenure: Leasehold (details to be confirmed)

This is a hands-off investment with a reliable tenant, offering immediate rental income from completion.

Key Features

Two-bedroom maisonette

Spacious living room and separate dining area

Fitted kitchen

Family bathroom

Well-maintained by tenant

Strong rental track record

Popular residential location

Location

Grace House is conveniently located in North Shields, close to local shops, schools, and transport links including the Metro, providing easy access to Newcastle city centre and the wider region.

Auctioneers Notes

This property is sold via auction and will appeal to investors looking for a ready-made rental investment with proven income and a dependable tenant already in place.Tenure: LeaseholdEPC Rating: ordered

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Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.