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2 Bed Flat, Potential PLO/LOA, South Shields, NE33 4JN £42,500

1 Rekendyke Mews, Laygate, South Shields, Tyne & Wear, NE33, NE33 4JN - 1 views - a month ago
  1. Deal Search
  2. South Shields
  3. NE33
  4. NE33 4JN
Leasehold
Auction
Negative Equity
ROI: 25%
56 m²

ValuationUndervalued

AI score: 95/100. Please verify valuations.

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Links

  • More Deals in South Shields
  • More Deals in NE33
  • More Negative Equity Deals
  • More Negative Equity Deals in South Shields
  • More Negative Equity Deals in NE33

Property History

Listed for £42,500

-53%

November 27, 2025

Sold for £65,000

2020

Sold for £48,000

2015

Sold for £113,925

2005

Description

Key Features
  • Lot 206 for sale by auction on 18/12/2025
  • To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website
  • Ground Floor - Reception Room/Kitchen, Two Bedrooms (One with ensuite Shower Room/WC) and Bathroom/WC
  • Lease with approximately 77 years remaining
  • GIA (Source EPC) approximately 56 sq m (603 sq ft)
  • There are both resident and visitor Parking bays
  • Within walking distance of Chichester Metro Station
  • EPC Rating - D. Council Tax Band - B
Key Locations
  • Rekendyke Mews is situated on the south west side of Laygate and to the east of its junction with Western Approach (A194)
  • Local shops are available along nearby Dean Road, whilst the further and more extensive facilities of South Shields town centre centre are approximately 1 mile away to the north. Newcastle city centre is also accessible around 9 miles to the west
  • Chichester metro station (Yellow line) is within a short walk and provides direct access into the city centre
  • The nearby A194 provides access onto the A19
  • West Park is within easy reach
  • South Tyneside District Hospital is close by
Additional Information
  • Completion will take place on 26th January 2026.
Viewings
  • The property will be open for viewing on Friday 5th December, Monday 8th December and Friday 12th December between 10:00 - 10:30 a.m. These are open viewing times with no need to register.

    If you cannot attend the viewing you are advised to view the images and any available virtual tour on our website before bidding.

Agent Details

Allsop, Auction

020 3879 5993

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Cashflows

AI score: 95/100. Please verify calculations.

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