6F Saville Street West, North Shields, Tyne And Wear, NE29 6QU

Description

Situated on Saville Street West in North Shields, this two bedroom apartment is located within a managed building, just off the town centre. The property has a communal entrance, entrance hallway, open plan kitchen and living room, two double bedrooms, a bathroom and a rooftop terrace. The apartment benefits from secure access, double glazing and a spacious layout.

Accommodation

Communal entrance, entrance hallway, open plan kitchen and living room, two double bedrooms, bathroom and rooftop terrace.

Location

Conveniently located for North Shields town centre, with a range of shops, local amenities and Metro links nearby. The Fish Quay, Tynemouth and the coast are also within easy reach, along with road links to the A19, Tyne Tunnel and surrounding areas.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the £37,000 completed sale for 6 Saville Street West on 27 January 2026. A different property at 2A Saville Street West sold for £75,000 on 30 April 2026, providing a higher same-street reference but not a direct equivalent. The £120,000 transactions are historic 2008 sales and are not reliable current evidence. A cautious base GDV of £37,000 is therefore used, with £75,000 as an evidence-supported upper scenario. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Only consider a bid after reviewing the legal pack and confirming lease length, service charge, ground rent, title, all auction charges, condition and achievable rent. The direct recent £37,000 comparable leaves very limited apparent margin at the guide.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and inspect the communal areas, apartment, rooftop terrace, kitchen, bathroom, double glazing and secure access before allowing for works. No refurbishment allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £32,000 guide, the guide price plus the known £3,600 administration charge is £35,600 before unknown buyer and legal charges or works. A 75% refinance against the cautious £37,000 base GDV would be £27,750, leaving a shortfall before those additional costs. The higher £75,000 scenario is based on a different same-street property and should not be relied on without confirming comparability and the legal/lease position.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £3,600 administration charge means the guide price plus this known charge is £35,600 before any buyer premium, legal-pack charges, special-condition charges, works, finance or tax. Lease terms, service charge and ground rent are also unavailable.

Flip Analysis

Using the cautious £37,000 base GDV, the property provides only £1,400 above the £32,000 guide plus the known £3,600 administration charge, before buyer premium, other charges, works, finance, tax and resale costs. A reliable flip surplus cannot be established because selling costs and refurbishment costs are unsupported.

Investor Risks & Due Diligence

• Unknown tenure and legal-pack terms, including lease length and any title restrictions.

• Unknown buyer premium and potentially payable search, legal, transfer or seller-cost charges.

• No rental evidence, so BTL income and yield cannot be assessed.

• No condition survey or refurbishment cost evidence.

• Possible service charge and ground rent are not supplied for the managed building.

• The £75,000 higher comparable is a different property and may not be directly comparable.

• EPC rating E may affect letting, financing or improvement requirements.

Recommendation

Do not proceed on the supplied evidence alone. Only consider a bid after reviewing the legal pack and confirming lease length, service charge, ground rent, title, all auction charges, condition and achievable rent. The direct recent £37,000 comparable leaves very limited apparent margin at the guide.

Strategy Rating

Analysis Confidence

There is one recent direct sold comparable and one higher same-street comparable, but tenure details, lease terms, occupancy, condition, rental evidence, service charges, buyer premium and other special-condition costs are unavailable.