72 Long Gair, Blaydon-On-Tyne, Tyne And Wear, NE21 6RA

Description

Available at auction is this three bedroom semi-detached home offering spectacular elevated views and fantastic potential for buyers looking to modernise and add value. The accommodation extends to approximately 84.5 sq. m. (901 sq. ft.) and has an entrance hallway with ground floor WC, a spacious lounge and a separate dining room leading through to the kitchen. The kitchen is fitted with a range of white units with marble-effect worktops and benefits from two useful built-in storage cupboards. To the first floor are two generous double bedrooms, both with built-in storage, with the main bedroom also featuring fitted wardrobes and far-reaching elevated views. A well sized third bedroom and a bathroom with an electric shower complete the accommodation. Externally, pedestrian access leads to the property via a side entrance, with pathways providing access to both the front and rear gardens. The rear garden has a paved patio, raised lawn and planted borders, together with a brick-built storage shed. Tenure: Freehold EPC Rating: C

Accommodation

The supplied particulars indicate approximately 3 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Blaydon-On-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 £600–£800 pcm (£7,200–£9,600 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 £81,000–£93,750 against purchase + works of approximately £105,000–£112,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-4,000–£20,000 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: ★★★☆☆