2 Alexandra Street, Victoria Garesfield, Rowlands Gill, Tyne And Wear, NE39 2JB

Description

An excellent opportunity to purchase this spacious and well-presented three-bedroom terraced property, situated in the popular residential location of Victoria Garesfield. Offering generous accommodation, a modern fitted kitchen, character features and an attractive rear garden overlooking mature woodland, the property will appeal to homeowners and investors alike.

Accommodation

Ground floor: entrance hallway, spacious living room with traditional fireplace and French doors opening onto an elevated timber decking area, generously proportioned kitchen/dining room with contemporary wall and base units, complementary work surfaces, tiled splashbacks and a range-style cooker, plus a separate utility area/WC. First floor: three well-proportioned bedrooms, two with feature fireplaces, and a modern family bathroom with bath and shower over, wash basin and WC.

Location

Situated in Victoria Garesfield, the property enjoys a semi-rural setting whilst remaining conveniently positioned for local amenities in Rowlands Gill and surrounding villages. The nearby Derwent Walk Country Park provides opportunities for walking and cycling, whilst Newcastle, Gateshead and the wider North East are accessible via the surrounding road network.

Tenure / Property Information

Investment Analysis

The evidence supports an indicative GDV range of £190,000–£240,000. The lower end reflects the £190,000 2017 sale at number 11, while the upper end reflects the £240,000 February 2026 sale at number 13. The £220,000 base case is an estimate between the older £170,000–£190,000 sales and the latest comparable; it is not a formal valuation and the comparables' condition/specification are not supplied.

Investment Snapshot

Strategy Recommendation

Treat primarily as a potential owner-occupier purchase or cautious value-led investment. Obtain the legal pack, survey and rental evidence before bidding; do not rely on the upper GDV case or bid calculations that exclude unknown auction and refurbishment costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, routine compliance checks and any works identified through the survey and legal pack; no works cost has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £220,000 base GDV, a 75% refinance would equate to approximately £165,000. A meaningful cash-left-in or equity calculation cannot be completed because the purchase price achieved, refurbishment cost and additional acquisition costs are unknown. The strategy therefore depends on buying below the guide or achieving a stronger valuation than the base case, neither of which is assured.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is described as appealing to investors, but rent, operating costs, finance costs and the full acquisition cost are unknown. The £3,600 administration charge is known, while other possible auction charges are unspecified.

Flip Analysis

A flip assessment cannot be completed reliably because refurbishment costs, resale costs and the final purchase price are not supplied. The comparable evidence indicates potential value between £190,000 and £240,000, but the latest £240,000 sale may not be directly comparable in condition or specification. No selling allowance has been provided, so flip surplus is not estimated.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, so rental yield and BTL affordability cannot be established.

• The £3,600 administration charge is known, but additional buyer, legal, search, transfer and seller-cost reimbursement charges may apply.

• The guide price is not the final purchase price and the auction outcome is unknown.

• The condition and specification of the sold comparables are not supplied, creating uncertainty around the £190,000–£240,000 GDV range.

• The property has an EPC rating of D, and no information is supplied on any works needed to improve it.

• Survey, title and legal-pack risks cannot be assessed from the supplied evidence.

Recommendation

Treat primarily as a potential owner-occupier purchase or cautious value-led investment. Obtain the legal pack, survey and rental evidence before bidding; do not rely on the upper GDV case or bid calculations that exclude unknown auction and refurbishment costs.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence, including one recent 2026 sale, but comparable specifications and condition are unknown. Rental evidence, refurbishment costs, full auction charges, occupancy details and legal-pack information are unavailable.