17 Woodbine Street, Gateshead, Tyne And Wear, NE8 1ST
- Unconditional Online Auction Sale
- Bedrooms: 4
- Bathrooms: 1
- Reception Rooms: 1
Description
FOR SALE BY ONLINE AUCTION ENDING 21ST OCTOBER 2026 AT 12:00PM. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
Established 4-Bed HMO Investment – Sold with Vacant Possession – Previous Income of £24,960 p.a - 21.7% Gross Yield
A rare opportunity to acquire a fully configured four-bedroom HMO with vacant possession, offering an investor a clean start with an established, proven income history. The property has a demonstrated track record of generating £24,960 per annum in gross rental income, reflecting an achievable gross yield of approximately 21.7% based on the £115,000 guide price — with the added advantage of being sold empty, allowing a new owner to re-let at current market rents, select their own tenants, or refurbish before re-letting without the complications of an existing tenancy.
Arranged over two floors, the property comprises four well-proportioned bedrooms (two per floor), a spacious communal lounge, a modern fitted kitchen with built-in appliances, an adjoining utility room, plus a family bathroom and a separate WC — a layout that suits HMO use well, with bedrooms split across floors and duplicated bathroom facilities to reduce pressure on shared amenities.
With a valid HMO licence already secured, proven income history, and vacant possession on completion, this is about as close to a walk-in-and-let HMO investment as they come. Buyers should note that HMO licences are granted to a specific licence holder and will need to reapply for on change of ownership
Terms & Timescales
This property is being sold subject to unconditional purchase premium auction terms and conditions.
Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack
A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,600) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3,600 inc VAT. This does not form part of the purchase price.
More Information
For further information please contact our auction department on 0191 4870011 or email hello@auctionworks.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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