27 Langholm Avenue, North Shields, Tyne And Wear, NE29 8DH

Description

Available at auction is this two bedroom first floor flat, situated in a popular residential estate in North Shields. The property is well presented throughout and offers an excellent opportunity for first time buyers or investors looking for a ready-to-let property. The flat benefits from a generous block paved frontage and a separate garage, with convenient access to local amenities, transport links and connecting roads.

Accommodation

Entrance lobby with stairs leading to the first floor landing, spacious lounge with feature fireplace and picture window, modern fitted kitchen with built-in appliances, two bedrooms both with fitted wardrobes, and a bathroom/WC.

Location

North Shields offers a range of local shops, amenities and transport links, including Metro connections to Newcastle and the surrounding areas. The nearby Silverlink Retail Park provides a variety of shopping and leisure facilities, whilst the popular coastal towns of Whitley Bay and Tynemouth are within easy reach.

Tenure / Property Information

Investment Analysis

Five same-street leasehold flat comparables range from £80,000 to £109,950, with a median of £99,950. The subject is described as well presented with a garage and parking, but the comparables' condition, size, lease details and sale circumstances are not supplied. A base GDV of £99,950 is therefore used, with a cautious evidence-based range matching the observed comparable range. The lease commenced in January 2018 for 100 years, implying approximately 91 years remaining as at November 2026, subject to title verification.

Investment Snapshot

Strategy Recommendation

Do not rely on a BTL or BRRR case until market rent, lease terms, service charges, ground rent and full auction costs are verified. The guide appears below the central comparable evidence, but bidding should remain conditional on inspection and legal review.

Works Required

No material refurbishment is identified in the supplied description, which states that the flat is well presented and ready to let. Verify condition, EPC requirements, lease documents, garage arrangements and any required remedial works before bidding; no works allowance can be reliably costed from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £78,000 guide, the known cost including the stated £3,600 charge is £81,600 before any unknown fees or works. Against the £99,950 base GDV, the indicative gross equity before finance and tax is £18,350. A 75% GDV refinance would be approximately £74,963, leaving approximately £6,638 of known-cost capital unrecovered before finance, tax, works and other fees. Refinance terms and lender acceptance are unconfirmed.

Buy-to-Let Analysis

The property is described as suitable for investors and ready to let, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent, gross yield and BTL cashflow therefore cannot be established. The known acquisition cost is £78,000 plus the £3,600 buyer/admin charge, excluding unknown special-condition and other completion costs.

Flip Analysis

Using the £99,950 base GDV and the known £81,600 purchase-plus-admin cost, the apparent difference is £18,350 before selling costs, finance, tax, works and unknown auction fees. No supported selling allowance or refurbishment budget is available, so a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• No specific rental evidence or auctioneer rent estimate, preventing reliable yield analysis.

• Leasehold costs and terms beyond the headline lease length are not supplied, including service charge and ground rent.

• The EPC is rated E and any required improvement works or compliance implications are unknown.

• The £3,600 admin charge is known, but special-condition fees, legal fees, searches, transfer fees and other buyer costs are unspecified.

• Comparable sale prices vary materially from £80,000 to £109,950 and the comparables' condition and specification are not provided.

• No refurbishment budget or formal selling-cost allowance is supported by the evidence.

Recommendation

Do not rely on a BTL or BRRR case until market rent, lease terms, service charges, ground rent and full auction costs are verified. The guide appears below the central comparable evidence, but bidding should remain conditional on inspection and legal review.

Strategy Rating

Analysis Confidence

Same-street completed-sale evidence supports a market-value range, but rental evidence, condition detail, service charges, ground rent, full auction fees and refurbishment requirements are missing.