29 Dacre Street, South Shields, Tyne and Wear NE33 5QD

Description

A two bedroom, ground floor flat, in South Shields, NE33. Accommodation is understood to comprise lounge, kitchen, two bedrooms and bathroom.

Accommodation

Ground Floor: Hall, Lounge, Kitchen, Two Bedrooms and Bathroom.

Location

One mile south of South Shields centre and amenities. Chichester underground station is on the doorstep, going directly into town, and beyond.

Tenure / Property Information

Investment Analysis

Sold evidence on Dacre Street ranges from £46,000 to £70,000. The most recent comparable, 7 Dacre Street, sold for £52,000 in August 2026. A base GDV of £52,000 is supported, with £46,000 as a low scenario and £62,000 as a high scenario based on the supplied comparables. The £23,000 guide is materially below these comparables, but the eventual auction price is unknown.

Investment Snapshot

Strategy Recommendation

Potential high-gross-yield BTL or BRRR candidate at around the guide, subject to legal-pack review, inspection, confirmation of lease charges and validation of achievable rent. Do not rely on the guide price, GDV or refinance outcome until the auction result and valuation are known.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, general compliance checks and any works identified following inspection and review of the legal pack; no works allowance can be quantified from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £52,000 base GDV, 75% refinance equates to £39,000. Against the guide purchase and known minimum buyer premium, total cost is £24,860 before works or other fees, indicating £14,140 more than this base cost could theoretically be refinanced. This is not a confirmed outcome because condition, works, valuation, lender criteria, lease details and additional legal-pack fees are not supplied.

Buy-to-Let Analysis

At the £23,000 guide, the supplied advertised asking rent of £500 pcm equates to £6,000 annually and a gross yield of approximately 26.1%. Including the £1,860 minimum buyer premium, the gross yield is approximately 24.1%. This is an asking rent rather than achieved rent, and no allowance is available for management, voids, maintenance, finance, tax or other costs. The eventual purchase price may be higher than the guide.

Flip Analysis

At the guide purchase price, known cost is £24,860 including the minimum buyer premium, before works, selling costs and other fees. Against the £52,000 base GDV, the indicated gross margin before those excluded items is £27,140. A reliable flip surplus cannot be established because no works cost or supported selling allowance is available.

Investor Risks & Due Diligence

• The eventual auction price may exceed the £23,000 guide and reduce the gross yield.

• The £500 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Property condition and any refurbishment requirements are not evidenced.

• Lease service charge and review provisions are not confirmed in the supplied evidence.

• Additional fees may be specified in the Special Conditions of Sale.

• The GDV and 75% refinance calculation are estimates and depend on lender valuation and criteria.

Recommendation

Potential high-gross-yield BTL or BRRR candidate at around the guide, subject to legal-pack review, inspection, confirmation of lease charges and validation of achievable rent. Do not rely on the guide price, GDV or refinance outcome until the auction result and valuation are known.

Strategy Rating

Analysis Confidence

The analysis has a recent same-street sold comparable, several historic comparables and one rental listing, but condition, EPC, council tax, service charge, legal-pack fees, achieved rent and refurbishment requirements are not supplied.