14 Ashfield Terrace, Ryton, Tyne And Wear, NE40 3LB

Description

Substantial and characterful three-bedroom terraced property in Ryton, offering approximately 1,226 sq. ft. of accommodation across the ground and first floors, together with additional loft space. The property retains period features including high ceilings, decorative cornicing and coving, feature fireplaces and exposed timber flooring. Certain areas would benefit from cosmetic updating and remedial works.

Accommodation

Entrance lobby, spacious hallway, bay-fronted living room with high ceilings, decorative cornicing, original wooden flooring and feature fireplace, separate dining room with French doors providing access outside, fitted kitchen, additional WC, storage area, three first-floor bedrooms including two generously proportioned doubles, spacious family bathroom with freestanding roll-top bath and separate shower enclosure, and a useful loft room.

Location

Situated in the popular residential area of Ryton, conveniently positioned for local shops, schools, amenities and transport connections, with access to Newcastle upon Tyne, Gateshead and surrounding areas.

Tenure / Property Information

Tenure	Freehold
EPC	D

Investment Analysis

The supplied Land Registry evidence shows same-street freehold terraced sales from £325,000 to £500,000. The most recent identified sale was £362,000 in July 2024. A base GDV of £362,000 is used as the closest recent same-street indication, with £325,000 as a low scenario and £500,000 as a high scenario. The range may reflect differences in size, condition and specification, which are not supplied. The £190,000 guide is materially below these historic completed sales, but the guide is not a valuation or guaranteed purchase price.

Investment Snapshot

Guide Price	£190,000
HB Estimated GDV	£362,000

Strategy Recommendation

Proceed only to further due diligence: obtain a full survey, detailed works quotation, legal pack review and independent rental evidence before bidding. Do not rely on the guide-to-GDV spread alone.

Works Required

Cosmetic updating and remedial works to the areas identified in the description. The evidence does not specify the defects, scope, specification or cost, so no quantified works allowance is supported.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

6, Ashfield Terrace, Ryton, Gateshead, Ne40 3lb 2024-07-24 · Terraced · Freehold	£362,000
9, Ashfield Terrace, Ryton, Gateshead, Ne40 3lb 2022-09-16 · Terraced · Freehold	£500,000
8, Ashfield Terrace, Ryton, Gateshead, Ne40 3lb 2022-06-17 · Terraced · Freehold	£325,000
8, Ashfield Terrace, Ryton, Gateshead, Ne40 3lb 2020-03-20 · Terraced · Freehold	£265,000
8, Ashfield Terrace, Ryton, Gateshead, Ne40 3lb 2019-11-08 · Terraced · Freehold	£295,000

Potential BRRR Position

Base GDV	£362,000
75% Refinance	£271,500

Using the base GDV indication, 75% refinance proceeds would be approximately £271,500. However, total project cost cannot be calculated because the refurbishment cost and final purchase price are unknown. The known £3,600 administration charge and potentially other auction charges would also need to be included.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow therefore remain unquantified.

Flip Analysis

The same-street sales provide a broad resale indication, but a reliable flip surplus cannot be calculated without a supported refurbishment budget, purchase price, selling allowance and other project costs. The £500,000 high comparable is older and may not be directly comparable.

Investor Risks & Due Diligence

• The scope and cost of the stated cosmetic updating and remedial works are unknown.

• No sufficiently specific rental evidence is available, preventing yield and cash-flow assessment.

• Comparable sale prices range widely from £325,000 to £500,000 and may reflect differences not identified in the supplied evidence.

• The guide price is not the final purchase price and the auction includes a known £3,600 administration charge.

• Additional search, seller, legal, transfer, buyer premium and disbursement charges may apply, but are not quantified.

Recommendation

Proceed only to further due diligence: obtain a full survey, detailed works quotation, legal pack review and independent rental evidence before bidding. Do not rely on the guide-to-GDV spread alone.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

There are several relevant same-street completed sales and a stated guide, but no quantified condition assessment, refurbishment budget, rent evidence, occupancy details or full auction cost schedule.