27 Blyth Street, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 7BX

Description

Vacant two-bedroom terraced property offering approximately 68 sq m of accommodation over two floors, requiring refurbishment and cosmetic updating. The property includes living and dining areas, a separate kitchen, ground-floor bathroom, two bedrooms and a rear yard.

Accommodation

Ground floor: entrance foyer, living room and dining area, separate kitchen, hallway and bathroom. First floor: two bedrooms, including a main bedroom measuring approximately 3.5m x 3.7m and a second bedroom measuring approximately 4.6m x 2.4m. Approximately 68 sq m overall.

Location

Blyth Street is conveniently positioned within Chopwell, with access to local shops, amenities and transport links. The surrounding area is popular with owner-occupiers and the rental market.

Tenure / Property Information

Investment Analysis

Completed sales on the same street range from £47,500 to £80,000, including £62,000 on 30 Blyth Street in September 2025 and £80,000 on 32 Blyth Street in May 2026. A base GDV of £62,000 is used, with low and high scenarios of £50,000 and £80,000 respectively. These are indicative evidence-based scenarios only because the comparables' condition and specification are not provided. The £350 pcm figure is an advertised asking rent, not achieved rent. The £3,600 administration charge is known, while the buyer premium and other auction disbursements are unspecified. No quantified refurbishment allowance is supplied, so total project cost and a reliable maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Proceed only subject to full legal-pack review, inspection and a firm refurbishment quotation. The property may suit a low-cost BTL or BRRR approach if acquired well below the upper guide and if works are genuinely cosmetic; avoid relying on the high GDV scenario.

Works Required

Refurbishment and cosmetic updating as described by the auction evidence. The detailed scope, specification and cost of works are not supplied, so no allowance is included in the financial calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative 75% refinance of the £62,000 base GDV is £46,500. However, the unknown refurbishment cost, buyer premium, special-condition costs and other acquisition expenses prevent calculation of total cost, cash required or cash left in. BRRR may be possible only if the purchase price and works are tightly controlled.

Buy-to-Let Analysis

At the £30,000-£50,000 guide range and advertised rent of £350 pcm, the indicative gross yield is approximately 8.4%-14.0% before finance, operating costs, vacancy, tax and refurbishment. Using the guide midpoint of £40,000 gives 10.5%, but the rent is only an asking figure and no quantified works or full acquisition costs are available. BTL viability therefore cannot be confirmed.

Flip Analysis

The £50,000-£80,000 GDV scenarios are supported by same-street completed sales, but the refurbishment allowance and selling costs are unavailable. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Refurbishment is required but no detailed scope or cost allowance is supplied.

• Buyer premium amount is unspecified and special conditions may add search, legal, transfer or seller-cost disbursements.

• The £350 pcm rent is an advertised asking rent rather than achieved passing rent.

• Comparable completed prices range materially from £47,500 to £80,000 and their condition and specification are not provided.

• A reliable maximum bid, total project cost and flip surplus cannot be calculated without works and fee information.

Recommendation

Proceed only subject to full legal-pack review, inspection and a firm refurbishment quotation. The property may suit a low-cost BTL or BRRR approach if acquired well below the upper guide and if works are genuinely cosmetic; avoid relying on the high GDV scenario.

Strategy Rating

Analysis Confidence

Same-street completed sales, tenure, occupancy, accommodation and an advertised rent are provided, but condition-adjusted comparability, refurbishment costs, buyer premium, special-condition charges and achieved rental evidence are missing.