16 Oak Street, Newcastle upon Tyne, Newcastle upon Tyne, NE15 9EX

Description

A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Tyne Green Country Park are within easy reach. Transport links are provided by Wylam rail station and the A69.

Tenure / Property Information

Investment Analysis

The strongest evidence is the exact property sale at £71,500 on 13 June 2025. Older Oak Street sales of £101,000–£117,000 are less relevant because of their age and unknown differences in condition. A supported base GDV of £71,500 is therefore used, but no evidence supports a reliable upward or downward scenario.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, a condition survey and firm refurbishment quotations. The BTL case appears potentially attractive at the guide on asking-rent evidence, but the absence of works costs makes the maximum bid and project return unquantifiable.

Works Required

Refurbishment is required, but the supplied evidence does not specify the defects or scope. Obtain a survey and contractor quotations before bidding; no specific works or cost allowance can be supported from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide, 75% of the supported £71,500 GDV would be approximately £53,625. However, refurbishment costs, disbursements and total acquisition costs are unavailable, so cash required, equity creation and cash left in cannot be reliably established.

Buy-to-Let Analysis

Advertised asking rents support a range of £695–£750 pcm, equivalent to £8,340–£9,000 annually. Against the £50,000 guide, this indicates a gross yield range of approximately 16.7%–18.0%. This is not an achieved rent, and the all-in yield cannot be calculated because refurbishment and other completion costs are unknown.

Flip Analysis

The exact-property sale provides a £71,500 reference GDV. A flip surplus cannot be calculated because refurbishment costs, other acquisition costs and selling costs are not supplied. The margin between the guide and GDV should not be treated as profit.

Investor Risks & Due Diligence

• The property is described as needing refurbishment, but the defects and cost of works are unknown.

• The £695–£750 pcm figures are advertised asking rents rather than achieved rents.

• The exact-property sale at £71,500 may not reflect the property's post-refurbishment condition or current market value.

• Buyer disbursements and other possible legal, search, seller-cost and transfer charges are unspecified.

• No reliable maximum bid or flip surplus can be calculated without refurbishment and total project costs.

Recommendation

Proceed only subject to legal-pack review, a condition survey and firm refurbishment quotations. The BTL case appears potentially attractive at the guide on asking-rent evidence, but the absence of works costs makes the maximum bid and project return unquantifiable.

Strategy Rating

Analysis Confidence

There is strong exact-property completed-sale evidence and a local asking-rent range, but refurbishment scope, costs, selling costs, disbursements and achieved rent are unavailable.