5 Bedroom Block of Flats

This is an investment/development opportunity to purchase a large semi detached house, converted into three apartments, together with a development site with permission for a new building comprising four more apartments. The property and site are located at the junction of Stella Road and Haugh Lane, in close proximity to the centre of Blaydon with it’s local and transport facilities.
The existing apartments all have two bedrooms and are let on assured shorthold tenancies. The new scheme consists of a detached building housing four new apartments, each with two bedrooms.
This excellent opportunity provides existing income from the original building together whilst developing the new scheme as build to rent or for sale.

Planning permission was granted for the erection of four flats on land adjacent to the White House, Stella Road on the 27/08/15, reference DC/15/0245/FUL. The decision letter includes a condition that development must commence within 3 years. The vendor is in possession of email correspondence from Gateshead MBC planning department stating that commencement of application DC/15/00245/FUL has commenced’. We can provide a copy of this together with archaeological reports dated 2011 and 2018. It is the vendors’ belief on the basis of this information, that the planning permission dated 27 August 2015, has been implemented. Prospective purchasers must satisfy themselves regarding this and all planning matters and take all relevant advice, prior to making a bid to purchase this lot.

Flat A, 10/04/2021, £540, plus £65 water/electric, 12 month tenancy
Flat B, 03/08/2020, £530, plus £55 water/electric, 6 month tenancy
Flat C, 13/12/2017, £540, plus £55 for water & electric, 6 month tenancy

Awaiting sight of updated tenancies.

Property details provided by Andrew Craig
EPC rating: D, C and D
Council Tax Band: A, A and A
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 26 February 2026 OPTION 1

RENTS
The vendor has verbally advised that the following is paid by the tenants.

Rent Elec Water Total
Flat A 540.00 50.00 15.00 605.00

Flat B 530.00 40.00 15.00 585.00

Flat C 540.0040.0015.00595.00

New Apartments
The development drawings show a two storey block of four apartments with two bedrooms each. There are two flats on each floor of 67 and 71 square meters, each consisting of Living Room/Kitchen, two bedrooms and bathroom/wc. Two of the apartments have an en-suite shower room/wc. Full drawings and details are available on Gateshead MBC planning portal under reference DC/15/0245/FUL

White House Apartments
The large and imposing White House was converted into three apartments in the early 2000’s and each unit has two bedrooms. We have not inspected internally and have taken the accommodation details from the 2007 planning drawings. They have been let for many years and the current rental income schedule is as follows:
Address, Tenancy Start, Rent, Notes, Original Period, EPC
Flat A, 10/04/2021, £525, inclusive of water/electric, 12 month tenancy, EPC – D
Flat B, 03/08/2020, £450, 6 month tenancy, EPC – C
Flat C, 13/12/2017, £450, plus

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by AC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 8Mbps and the fastest package of 1800Mbps at this postcode: NE21 4LS and mobile coverage is provided by EE (good outdoor and variable indoor), Three (good outdoor and variable indoor), 02 (good outdoor) and Vodaphone (good outdoor).