Auction Watch

Town & Country Property Auctions auction lot · Gateshead1 Morris Street, Chester Le Street, County Durham, DH3 1DU

Guide price
£42,000+
Sale
Wed 25 Nov, lot 20
Tenure
Leasehold

2 bed ground rent in Gateshead (DH3 1DU), for sale by auction with Town & Country Property Auctions on 25 November 2026, lot 20. Guide £42,000+.

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Photos and location

Photos, floor plan and legal pack on Town & Country Property Auctions' site ↗Street View ↗Lots nearby on the map

Nearest station: Chester-le-Street, about 59 minutes on foot (4.7 km).

Photos belong to Town & Country Property Auctions: we show one from their site, credited, and link to the rest, and never copy them. Rights holders

Lot details

Auction
Town & Country Property AuctionsWed 25 Nov, lot 20
Guide price
Guide £42,000+Expected hammer is usually higher
Property
2 bed ground rent | Leasehold
Tenure
Leasehold
Occupancy
Vacant
Area
GatesheadNorth East

Things to check before you bid

2 points
  • Specialist A ground rent investment: specialist lenders only
  • Check No station within a 20-minute walk (nearest: Chester-le-Street, 4.7 km)

From the listing, the EPC register, planning.data.gov.uk, the Environment Agency and OpenStreetMap. Read the legal pack before you bid.

Closest comparables

The nearest sales of homes like this one in the last two years, from HM Land Registry, graded the way a lender reads them. 14 similar sales within 1.5 km.

  1. Strong£52,500Nov 2025

    33 Queen Street, Chester Le Street, DH3 1EB (flat)

    The same kind of home, 128 m away, sold 12 months ago.

  2. Strong£57,000Dec 2025

    20 Mitchell Street, Chester Le Street, DH3 1ER (flat)

    The same kind of home, 180 m away, sold 11 months ago.

  3. Moderate£83,000Aug 2025

    24 Morris Street, Chester Le Street, DH3 1DX (flat)

    The same kind of home, 70 m away, sold 15 months ago.

On the market now

Asking prices for 2-bed property in DH3 on the property portals: their listings, opened in a new tab.

Rightmove ↗Zoopla ↗OnTheMarket ↗

Also at auction nearby

Sold prices: HM Land Registry Price Paid data, Crown copyright, Open Government Licence. Floor areas: the EPC register. Contains OS data © Crown copyright (Code-Point Open).

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Buying a home to live in needs a regulated mortgage, so we do not show bridging terms. Speak to an FCA-authorised mortgage adviser, and check they can complete within the auction's deadline (usually 28 days).

Funding options

Specialist onlyCommercial bridge, terms case by case, 0.9% to 1.25% a month

Only a small number of specialist lenders. The loan that fits: Commercial bridge, as this is a ground rent investment is lent on as commercial. The things to check above are what a lender will look at too.

Likely loan
Case by caseOn the purchase price
On the expected hammer
Ask for termsThe guide plus 15%
Example rate
0.9% to 1.25% a monthArrangement fee about 2%

In its favour

  • Sold vacant

What lenders will note

  • Check Outside London and the Home Counties (Gateshead): fewer lenders, and values need strong local evidence
  • Check Vacant commercial: lenders lend less until it is let

Information a lender will need first

  • The lease length (years left)
What a lender will ask you for on a commercial bridge
  • Photo ID and proof of address
  • Proof of your deposit and where it came from
  • The legal pack, read by your solicitor before you bid
  • Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
  • The lease, with the ground rent and service charge
  • The use class and any planning history
  • A valuation, which the lender instructs
Get instant terms on this lot

We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.

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