Broadway Villas, Newcastle Upon Tyne, NE15 6TP

Property Overview

For sale by auction is this vacant, freehold three-bedroom semi-detached bungalow at Broadway Villas, Newcastle Upon Tyne, NE15 6TP. The property benefits from front and rear gardens and a rear driveway.

Guide price: £115,000+.

Accommodation

• Hallway
• Lounge
• Dining room
• Kitchen
• Three bedrooms
• Shower room
• WC
• Front and rear gardens
• Rear driveway

Location

Situated close to local public transport routes to and from Newcastle city centre and the MetroCentre, with easy access to the A1 and A69.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Vacant possession
• EPC: D
• Council Tax: Band B
• Parking: Driveway to the rear
• Services: Seller advises that mains gas, electricity, water and sewerage are provided

Auction & Buyer Charges

• Auction date: 30 September 2026
• Guide price: £115,000+
• Buyer premium: Not provided
• Auction administration fee: £2,000 plus VAT, totalling £2,400
• If using a referred North East-based solicitor from the auctioneer’s panel, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimates only: An indicative market value/GDV of £145,000 is used as a midpoint estimate based on the supplied evidence. This is not a formal valuation.

• Estimated rent: £960 to £1,113 pcm
• Estimated gross yield: 7.95% to 9.21%
• Estimated maximum hammer bid: £142,600, calculated after deducting the known £2,400 administration fee

The estimated maximum hammer bid is a simple value-protection estimate and is not a target-return valuation. It excludes any unknown buyer premium, legal costs, financing, taxes and refurbishment.

Sold Comparables

The following HM Land Registry sold data was supplied:

Property	Sale Price	Sale Date	Type	Tenure
3 Broadway Villas, NE15 6TP	£161,000	13 May 2021	Semi-detached	Freehold
5 Broadway Villas, NE15 6TP	£97,500	13 November 2020	Semi-detached	Freehold
3 Broadway Villas, NE15 6TP	£130,000	18 December 2015	Semi-detached	Freehold
7 Broadway Villas, NE15 6TP	£96,750	18 December 2015	Semi-detached	Freehold
7 Broadway Villas, NE15 6TP	£117,500	22 October 2015	Semi-detached	Freehold

Rental Evidence

The following is advertised asking-rent evidence, not achieved or passing rent:

• 5 Tyne View, NE15 8DE: £960 pcm advertised asking rent; 3-bedroom bungalow, semi-detached.
• 16 Gretna Road, NE15 7PE: £1,113 pcm advertised asking rent; semi-detached.
• 21 Milburn Drive, NE15 7PG: £1,113 pcm advertised asking rent; detached.

No auctioneer estimated rent was supplied.

Strategy & Risks

HB estimate: Consider bidding only where the all-in acquisition cost remains below the indicative £145,000 market value.

• The sold comparables are dated, with the latest supplied sale completing in May 2021.
• Comparable sale prices vary materially from £96,750 to £161,000, indicating uncertainty over condition, size or specification.
• Rental evidence is advertised asking rent rather than achieved rent, and only one comparable is a three-bedroom semi-detached bungalow.
• No refurbishment survey, condition report or refurbishment cost evidence is supplied.
• Buyer premium and other acquisition costs are not provided.
• The £145,000 GDV and £142,600 maximum bid are HB estimates based only on the supplied evidence and should not be treated as a formal valuation.