13 Edendale Court, Blyth, Northumberland, NE24 5QQ

Description

A one bedroom first floor flat. The property forms part of a purpose built block. In need of modernisation. Vacant.

Accommodation

First Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Shower Room/WC.

Location

Blyth is a town in the county of Northumberland. Located on Edendale Avenue, accessed off Cowpen Road. Amenities are available on nearby Cowpen Road and Waterloo Road. Recreational amenities of Cowpen Playing Fields and Axwell Drive Park are within easy reach. Transport Blyth Bebside - Northern.

Tenure / Property Information

Investment Analysis

No HM Land Registry completed-sale comparables or other valuation evidence were supplied, so GDV and market value cannot be reliably estimated. The £30,000 guide is not a formal valuation and excludes the buyer fee and potentially VAT.

Investment Snapshot

Strategy Recommendation

Do not commit at auction without reviewing the legal pack, confirming lease and service-charge terms, inspecting the modernisation requirement and obtaining reliable local valuation and rental evidence. Subject to those checks, the apparent guide-price yield may warrant BTL investigation, but no maximum bid is supportable from the supplied evidence.

Works Required

Modernisation of the vacant one-bedroom flat, with the precise scope and cost to be confirmed from inspection and the legal pack. No specific defects or works have been evidenced.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably assessed because no completed-sale evidence, GDV, refurbishment budget, service-charge information, buyer-fee amount or refinance valuation evidence was supplied. The new 990-year lease is noted, but the full legal-pack terms remain important.

Buy-to-Let Analysis

The supplied advertised asking rents range from £525 to £850 pcm. Against the £30,000 guide alone, this implies a gross yield range of approximately 21% to 34%, before buyer fees, VAT, refurbishment, service charges, finance, voids and operating costs. These are asking rents rather than achieved rents, and the higher listing is from the broader NE24 area, so a reliable rent or net yield cannot be established.

Flip Analysis

A flip surplus cannot be calculated because there is no supported GDV, refurbishment allowance, selling-cost allowance or buyer-fee amount. The property is described as needing modernisation, creating cost uncertainty.

Investor Risks & Due Diligence

• No completed-sale comparables or supported GDV evidence were supplied.

• The flat is stated to be in need of modernisation, but no scope or cost is provided.

• The guide excludes the buyer fee and VAT may apply.

• Seller charges and seller VAT treatment are not confirmed.

• The lease and any associated obligations require review of the legal pack despite the stated new 990-year term.

• Rental evidence consists of advertised asking rents, including one broader NE24 listing, rather than achieved rents.

• Council tax, parking, heating and service-charge information were not supplied.

Recommendation

Do not commit at auction without reviewing the legal pack, confirming lease and service-charge terms, inspecting the modernisation requirement and obtaining reliable local valuation and rental evidence. Subject to those checks, the apparent guide-price yield may warrant BTL investigation, but no maximum bid is supportable from the supplied evidence.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy and two advertised rental examples are supplied, but there are no completed sales, refurbishment costs, buyer/admin fees, service charges, detailed lease terms or supported GDV evidence.