54 Rokeby Street, Newcastle upon Tyne, Newcastle upon Tyne, NE15 8RP

Description

A Vacant Two Bedroom Mid Terrace House in Need of Full Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: Rear yard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Newburn Riverside are within easy reach. Transport links are provided by Blaydon rail station and the A1.

Tenure / Property Information

Investment Analysis

The latest completed sale for the subject property was £60,250 on 29 July 2026. Other same-street terraced sales range from £52,000 to £113,000, but condition and specification are not provided, so the higher sales cannot be reliably treated as refurbished GDV evidence. A base GDV of £60,250 is therefore used, with a broad evidence range of £52,000–£108,750.

Investment Snapshot

Strategy Recommendation

Do not bid on the available evidence alone. Obtain the legal pack, survey, full refurbishment quotations, and local rental evidence before setting a maximum bid.

Works Required

Full refurbishment is stated as required. The evidence does not specify individual defects, scope, or costs; a survey and contractor quotations are required.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £60,250 base GDV, 75% refinance is approximately £45,187.50. Works, acquisition costs beyond the £1,800 administration charge, finance costs, and final valuation are unknown, so cash recycling and project viability cannot be calculated.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, requires full refurbishment, and has an EPC rating of F.

Flip Analysis

A flip surplus cannot be calculated because refurbishment costs and selling costs are unsupported. The latest subject sale is £60,250, while same-street sales vary materially from £52,000 to £113,000.

Investor Risks & Due Diligence

• Full refurbishment requirement with no quantified works budget.

• Current EPC rating F.

• No reliable rental evidence or passing rent.

• Potential additional legal, search, seller, transfer, and other disbursement costs.

• Wide variation in same-street completed sale prices.

• Vacant property may require funding for all works and holding costs before occupation or refinancing.

Recommendation

Do not bid on the available evidence alone. Obtain the legal pack, survey, full refurbishment quotations, and local rental evidence before setting a maximum bid.

Strategy Rating

Analysis Confidence

There is a recent exact-address completed sale and several same-street comparables, but no refurbishment cost, rental, condition detail, finance cost, or complete fee evidence.