The North East properties with prices as low as £5,000 up for auction

North East properties with a guide price as low as £5,000 will go under the hammer at a national property auction.

The 37 properties are sold as individual lots and all located in the North East, with some in Easington, Ferryhill and Washington. The properties will be sold by the UK’s most successful live-streamed property auctioneer, SDL Auctions on Thursday, August 27.

The properties comprise of a mix of houses, bungalows and flats, both tenanted and vacant, with guide prices ranging from £5,000 to £25,000.

While the guide price is an indication to buyers on the seller’s minimum acceptable price at auction, the reserve price is not fixed at this point.

The reserve price is normally agreed between the auctioneer and the seller within approximately 48 hours prior to the auction. Below we have a sneak peak of some of the properties which will be up for grabs.

Terraced house in Easington – guide price £16,000+

Terraced house in Easington
Terraced house in Easington
(Image: SDL Auctions)

The house is a two-bedroom property located in Raby Avenue, Easington Colliery village near Peterlee. The ground floor of the property features a kitchen, lounge and dining area. The first floor of the property has a family bathroom and two bedrooms.

To view this property please click here.

Terraced house in Ferryhill – guide price £5,000+

This two-bedroom home is located off Station Road via Maple Grove in Ferryhill. The ground floor of the home features a kitchen dining and lounge while the top floor features the two bedrooms and a bathroom.

The home also has a garden at the rear of the property.

Terraced House Ferryhill
(Image: SDL Auctions)

To view this property, please click here.

Semi-detached house in Easington – guide price £18,000+

The property is set in the heart of Easington and is a short travel distance to schools and shops. The ground floor has a lounge, kitchen/diner and W/C while the first floor has two bedrooms and a bathroom.

Outside there is a garden at the front and rear of the home.

Semi detached home Easington
(Image: SDL Auctions)

To view this property, please click here.

Terraced house in Easington – guide price £6,000+

This two bedroom home is located in Easington Colliery. The ground floor of the home has a kitchen and lounge area. The first floor of the home features the two bedrooms and a bathroom.

Terraced house in Easington
(Image: SDL Auctions)

To view this property, please click here.

Andy Thompson, head of auctions North West said: “We are delighted to have such a great selection of well-priced investment properties from across the North East in our national auction this month.

“These lots are sure to attract the eye of investors, landlords and private buyers alike with both tenanted and vacant properties for sale.”

SDL Auctions consistently hold monthly national property auctions live-streamed from its head office studio during the coronavirus crisis.

They have sold more than 700 lots and raised more than £90m for sellers since the start of lockdown.

Andy added: “By offering an uninterrupted service we have seen our business go from strength to strength. We have effectively doubled the number of lots we sell in the region by selling in one month what we’d normally sell in two and are generating the highest amount of income for sellers in the region since we began.”

Chronicle Live – Sunderland