30 Grosvenor Road, Newcastle upon Tyne, Tyne And Wear, NE2 2RP

Description

Investment – Freehold Ground Rent. Secured upon six self-contained flats. The lessees have not elected to take up their rights of pre-emption.

Accommodation

Six self-contained flats

Location

The property is situated on the south side of Grosvenor Road. There are shops and amenities along Osborne Road with Eldon Garden Shopping Centre lying to the south. West Jesmond metro station, with Green and Yellow line services, is approximately 0.5 away to the north. Newcastle rail station is approximately 2.3 miles to the south east. The A1058 is easily accessed, offering connections to the A19 and A1. Town Moor is close by, offering wide green space and views of the city.

Tenure / Property Information

Investment Analysis

The £6,000+ guide is the only transaction-specific pricing evidence. The supplied Land Registry comparables are freehold terraced houses and are not directly comparable to a freehold ground-rent investment secured on six flats. No annual ground rent, lease terms, remaining lease lengths, review provisions, or income schedule is supplied, so market value and investment yield cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Treat as a specialist freehold ground-rent acquisition only if the legal pack confirms attractive and collectible ground rents, sound lease terms and acceptable liabilities. Do not bid based on the £6,000 guide alone.

Works Required

No physical refurbishment works are evidenced. The key work is legal and financial due diligence on the six leases, including confirming ground rents, review clauses, remaining terms, arrears, covenants and the operation of the stated pre-emption rights.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supported. There is no evidence of refurbishment value uplift, annual income, mortgageability, lease-security details or refinance valuation. The £6,000+ guide is not sufficient to calculate a refinance outcome.

Buy-to-Let Analysis

This is not a conventional buy-to-let opportunity: the freeholder appears to receive ground rent from six long-lease flats. No passing ground-rent income or auctioneer estimate is supplied, so income, yield and affordability cannot be established.

Flip Analysis

A resale surplus cannot be calculated. The supplied comparables relate to whole freehold terraced houses rather than this ground-rent interest, and no supported resale value or selling-cost allowance is available.

Investor Risks & Due Diligence

• Annual ground-rent income and collection history are not supplied.

• The six lease terms, remaining years, rent-review provisions and covenants are not supplied.

• Buyer premium, administration charge and other potential seller or third-party charges are unspecified.

• The supplied sold comparables are terraced houses and may not inform the value of this ground-rent investment.

• Legal and financial liabilities affecting the freehold interest are not evidenced.

Recommendation

Treat as a specialist freehold ground-rent acquisition only if the legal pack confirms attractive and collectible ground rents, sound lease terms and acceptable liabilities. Do not bid based on the £6,000 guide alone.

Strategy Rating

Analysis Confidence

The guide price and broad asset structure are supplied, but annual ground rent, lease details, income history, fees, liabilities and directly comparable sales are absent.