29 Selby Gardens, Newcastle upon Tyne, Tyne and Wear, NE6 4YA

Description

Available at auction is this extended four bedroom semi-detached house, ideally positioned within a popular residential area. To the ground floor, there is a spacious lounge with bay window and stairs to the first floor, open plan to the kitchen/diner with fitted units and breakfast bar, leading through to a useful utility room with access to the rear garden. There is also a separate study. To the first floor, there are *four bedrooms, including two doubles and two singles, with the main bedroom benefiting from built-in storage. The family bathroom is fitted with a walk-in shower, separate bath, WC and wash hand basin. Externally, the property benefits from a gravelled front garden, driveway providing off-street parking and an EV charging point. To the rear is a spacious, well maintained gravelled garden with perimeter fencing. An excellent opportunity for families, investors or buyers looking for a spacious home in a convenient location close to local amenities, schools and transport links. Tenure: Freehold EPC Rating: C

Accommodation

The supplied particulars indicate approximately 4 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Newcastle upon Tyne, Tyne and Wear. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £750–£1,000 pcm (£9,000–£12,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £121,500–£141,000 against purchase + works of approximately £158,000–£168,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-6,000–£30,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

Recommendation

Initial recommendation: Buy-to-Let. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆