6 Thirwall Way, Blyth, Northumberland, NE24 4SR

Description

Offered for sale by auction, 6 Thirwall Way is a three bedroom townhouse situated within a residential development in Blyth, Northumberland. The property offers well proportioned accommodation arranged over multiple floors, currently tenanted at £850pcm making it a perfect investment opportunity.

Accommodation

Well proportioned accommodation arranged over multiple floors.

Location

The surrounding area benefits from a range of local amenities, schools and public transport links, with Blyth town centre and its wider facilities also within easy reach. The property is conveniently positioned for access to the nearby road network, providing links to neighbouring towns and the wider North East region.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street terraced sale at £138,000 in March 2025. The £199,000 May 2026 and £179,950/£189,950 2022 sales are semi-detached properties, while the £259,950 sale is detached and less directly comparable. A cautious base GDV of £138,000 is therefore used, with £138,000 as the low scenario and £199,000 as the high scenario. The £118,000 guide is below the closest recorded terraced comparable, but condition, size, tenancy terms and exact layout are not evidenced.

Investment Snapshot

Strategy Recommendation

Prioritise a BTL hold if the £850 pcm rent, tenancy documentation and property condition are verified. Bid conservatively because the full cost base, works requirement and tenant terms are unknown.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify condition, compliance, services and any tenant-related repair obligations before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £138,000 base GDV, 75% refinance is £103,500. Against the £118,000 guide plus the known £3,600 admin charge, there is a minimum £18,100 purchase-cost gap before works, tax, finance and other auction charges. The refinance case cannot be fully assessed because condition, refurbishment costs, other acquisition costs and lender terms are not supplied.

Buy-to-Let Analysis

At the stated current rent of £850 pcm, annual rent is £10,200. This produces an 8.64% gross yield on the £118,000 guide, or approximately 8.39% on the guide plus the known £3,600 admin charge, before other auction fees, tax, finance, insurance, maintenance, voids and management. The BTL case is attractive on headline yield, subject to verification that £850 pcm is the passing rent and review of the tenancy terms.

Flip Analysis

A cautious base GDV of £138,000 indicates a £20,000 difference above the £118,000 guide, or £16,400 above the guide plus the known admin charge, before works, taxes, finance, selling costs and other auction fees. Since no selling allowance, refurbishment budget or full acquisition-cost schedule is supplied, a reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• The stated £850 pcm rent and tenancy terms require documentary verification; no lease or tenancy details are supplied.

• Property condition and any required works are unknown, so total project cost cannot be established.

• Additional search, legal, transfer, seller-cost reimbursement and possible buyer-premium charges are unspecified.

• The comparable evidence includes semi-detached and detached properties, which may not be directly comparable with this townhouse.

• Refinance at 75% of GDV is an assumption for analysis and is not guaranteed by a lender.

Recommendation

Prioritise a BTL hold if the £850 pcm rent, tenancy documentation and property condition are verified. Bid conservatively because the full cost base, works requirement and tenant terms are unknown.

Strategy Rating

Analysis Confidence

There is a current stated rent, an exact-street terraced comparable and several nearby sales, but property size, condition, tenancy terms, additional auction costs and full property specifications are not supplied. The GDV range also includes less comparable semi-detached evidence.