126 Waterloo Walk, Washington, Tyne And Wear, NE37 3EN

Description

A tenanted residential investment opportunity, offered for sale by auction and currently producing rental income of £420 per calendar month. The property comprises a well-proportioned residential dwelling with accommodation arranged over the usual levels and benefits from an established tenancy, providing an immediate income stream for an investor. The property offers scope for future enhancement or improvement, subject to the necessary permissions and requirements.

Accommodation

Well-proportioned residential dwelling with accommodation arranged over the usual levels.

Location

Located within an established residential area, Waterloo Walk provides access to a range of local amenities, shops, schools and transport links.

Tenure / Property Information

Investment Analysis

Same-street sold evidence ranges from £15,000 to £37,000. The most recent comparable, 128 Waterloo Walk, sold for £37,000 on 27 April 2026, while 132 Waterloo Walk sold for £23,000 on 3 March 2025. Without confirmation of size, condition, lease terms or exact comparability, a cautious scenario range is £16,000 to £37,000, with £23,000 used as the base GDV. The £420 pcm income is stated as current rental income, but no external rental comparables or tenancy terms were supplied.

Investment Snapshot

Strategy Recommendation

Consider as a cautious income-led purchase only if the legal pack confirms acceptable tenancy, tenure and no material liabilities. Do not rely on a flip or refurbishment uplift without inspection and further cost evidence.

Works Required

No specific defects or required works are evidenced. Any future enhancement is subject to inspection, the legal pack and necessary permissions, so no refurbishment allowance has been quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £23,000 base GDV, 75% refinancing would be approximately £17,250. Against the £21,600 purchase-plus-stated-admin-cost basis, indicative cash left in is £4,350 before finance, tax, works and other charges. The refinance case is highly dependent on the unconfirmed valuation, tenancy documentation, tenure and lenderability.

Buy-to-Let Analysis

At the £18,000 guide, the stated £420 pcm income equates to £5,040 annually and a gross yield of 28.00%. Including the stated £3,600 administration charge, the documented-cost basis is £21,600 and the gross yield is 23.33%. This excludes unspecified additional charges, finance, tax, maintenance and any works. Tenancy terms, arrears position and tenure require legal-pack verification.

Flip Analysis

The base GDV of £23,000 exceeds the £21,600 documented purchase and administration-cost basis by £1,400 before selling costs, finance, tax and works. No supported selling allowance or refurbishment cost is available, so a reliable flip surplus cannot be calculated. The £16,000 low-GDV scenario would be below this documented cost basis.

Investor Risks & Due Diligence

• Tenure and lease terms are not supplied and must be checked in the legal pack.

• Tenancy agreement, arrears status, deposit and landlord obligations are not evidenced.

• Additional buyer, legal, search, transfer and seller-cost charges may apply but are unquantified.

• No condition survey or quantified refurbishment evidence is available.

• Same-street sold prices vary materially from £15,000 to £37,000, creating valuation uncertainty.

• No EPC, council tax, parking or heating information is supplied.

• The stated yield calculations exclude finance, tax, maintenance, voids, management and other ownership costs.

Recommendation

Consider as a cautious income-led purchase only if the legal pack confirms acceptable tenancy, tenure and no material liabilities. Do not rely on a flip or refurbishment uplift without inspection and further cost evidence.

Strategy Rating

Analysis Confidence

The guide, current rent, administration charge and several same-street completed sales are supplied, but tenure details, tenancy terms, condition, size, EPC, additional fees and rental comparables are unavailable.