74 Heugh Hill, Gateshead, Tyne And Wear, NE9 7NS

Description

A three bedroom semi-detached house offered for sale by auction, situated in a popular residential location on Heugh Hill. The property benefits from driveway parking and an enclosed rear garden, with a spacious open-plan lounge/dining room, fitted kitchen, three bedrooms and a bathroom.

Accommodation

Ground floor: spacious open-plan lounge/dining room and fitted kitchen with a range of wall and base units. First floor: three bedrooms, including two well sized double bedrooms, and a bathroom fitted with a shower, WC and wash hand basin. Externally: driveway to the front and an enclosed rear garden with patio and lawned areas.

Location

Situated in a popular residential location on Heugh Hill, conveniently positioned for local amenities and transport links.

Tenure / Property Information

Investment Analysis

The five supplied same-street semi-detached sales range from £75,000 to £162,000. The £75,000 sale may indicate a lower-value or condition-affected outcome, while the £135,000–£162,000 sales provide stronger upper evidence; however, no condition, floor area, specification or exact comparability details are supplied. Using the observed range with the median sale price as the base scenario, estimated GDV is £139,000, with a broad evidence-supported range of £75,000–£162,000. The auction guide of £60,000–£80,000 is below or near the lower end of the comparable evidence, but legal-pack and condition review remain essential.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming tenure, inspecting condition and identifying all auction costs. Treat the property as a potentially attractive purchase at the guide, but do not set a maximum bid without verified works and resale assumptions.

Works Required

No specific defects or required works are evidenced. Allow only for inspection-led works identified through viewing and the legal pack; the description confirms a fitted kitchen, bathroom, driveway, enclosed rear garden and EPC D, but does not establish a refurbishment requirement.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be reliably quantified because refurbishment costs, achievable rent, tenure and the full acquisition cost are unknown. At the base GDV, 75% of GDV is £104,250, but the cash required and potential cash left in cannot be calculated without a supported purchase price, works budget and other acquisition costs.

Buy-to-Let Analysis

BTL appraisal cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow therefore cannot be established. The £3,600 including VAT administration charge is known, while the buyer premium and other legal-pack disbursements are unspecified.

Flip Analysis

The comparable evidence supports a broad resale value range of £75,000–£162,000 and a base scenario of £139,000. A flip surplus cannot be calculated because works, purchase price, buyer premium and other acquisition or selling costs are not fully supported. The known £3,600 administration charge must be included in any bid appraisal.

Investor Risks & Due Diligence

• Wide spread in same-street comparable prices from £75,000 to £162,000.

• Property condition and any required refurbishment are not evidenced.

• Tenure is stated as subject to the legal pack and has not been confirmed.

• No sufficiently specific rental evidence is available, preventing yield and cash-flow analysis.

• Buyer premium is unspecified.

• Special Conditions may require search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements.

• A non-refundable £3,600 including VAT administration charge is payable upon exchange.

Recommendation

Proceed only after reviewing the legal pack, confirming tenure, inspecting condition and identifying all auction costs. Treat the property as a potentially attractive purchase at the guide, but do not set a maximum bid without verified works and resale assumptions.

Strategy Rating

Analysis Confidence

Same-street sold evidence and the guide are available, but condition, floor area, tenure, rent, buyer premium, legal costs and refurbishment requirements are not sufficiently evidenced.