Apt. 105 Waterloo Walk, Washington, Tyne And Wear, NE37 3EN

Description

Available at auction is this one bedroom upper flat, in a popular residential area close to local schools and amenities. The property requires refurbishment but offers strong potential for enhancement and would make an ideal investment or buy-to-let opportunity once completed. An excellent opportunity for an investor or first-time buyer looking for a well-located property with two balconies and parking.

Accommodation

Good sized living room with access to a balcony, separate kitchen, bathroom and double bedroom with a second balcony overlooking the rear.

Location

Popular residential area close to local schools and amenities.

Tenure / Property Information

Investment Analysis

Same-address sales provide a wide £15,000–£37,000 range: £16,000, £20,000, £23,000 and £37,000, with the latest sale at £37,000 on 27 April 2026. As the comparables are not confirmed to match the subject flat’s size, condition or lease terms, a cautious indicative base GDV of £23,000 is used, with £16,000 low and £37,000 high scenarios. The required refurbishment, tenure terms and buyer premium remain unquantified.

Investment Snapshot

Strategy Recommendation

Do not bid until the legal pack confirms tenure and liabilities and a survey provides a refurbishment budget. Proceed only if the all-in cost, including the £3,600 admin charge and buyer premium, leaves a clear margin against the cautious £23,000 GDV.

Works Required

Refurbishment is required, but the supplied evidence does not identify the specific works, specification or cost. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR strategy is indicated only by the low auction guide and refurbishment description. At a £23,000 indicative GDV, 75% refinance would be approximately £17,250, but purchase cost, refurbishment cost, finance costs, lease terms and rental income are unknown, so cash left in and viability cannot be calculated.

Buy-to-Let Analysis

The property is described as suitable for buy-to-let, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield cannot therefore be established. The £3,600 admin charge, unspecified buyer premium and other possible charges would also reduce returns.

Flip Analysis

The same-address completed sales suggest a broad resale range of £16,000–£37,000, with an indicative base GDV of £23,000. A flip surplus cannot be calculated because the purchase price, refurbishment cost and selling allowance are not established. The £3,600 admin charge is payable in addition to the purchase price.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not provided.

• Tenure and lease details are unknown and must be checked in the legal pack.

• Buyer premium is unspecified.

• Additional search, seller, legal, transfer and disbursement charges may apply.

• Comparable sale prices range widely from £15,000 to £37,000.

• Rental income and BTL yield cannot be evidenced.

• The £3,600 admin charge is payable on exchange in addition to the purchase price.

Recommendation

Do not bid until the legal pack confirms tenure and liabilities and a survey provides a refurbishment budget. Proceed only if the all-in cost, including the £3,600 admin charge and buyer premium, leaves a clear margin against the cautious £23,000 GDV.

Strategy Rating

Analysis Confidence

There are five same-address completed sales and a stated auction guide, but no confirmed subject-specific condition budget, rent, lease details, buyer premium or precise comparable specifications.