Durham Road, Gateshead, NE9 6JA

Property Overview

One-bedroom purpose-built leasehold flat on Durham Road, Low Fell, Gateshead, NE9 6JA. The property includes a rear garden area with workshop and ample off-street parking for up to five vehicles.

Accommodation

• Entrance lobby with stairs to first floor
• First-floor landing
• Lounge
• Fitted kitchen
• One bedroom
• Bathroom
• Rear garden and workshop
• Five parking spaces to the side

Location

Situated in Low Fell, with access to local shops, supermarkets, cafés and services. The area has regular bus routes and access to major road networks connecting to Newcastle and surrounding areas, together with retail parks and leisure facilities within reach.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 999 years from 6 November 1996
• EPC: D
• Council Tax: Band A
• Parking: Five spaces to the side, with off-street parking for up to five vehicles
• Services: Seller advises mains gas, electricity, water and sewerage are provided. None of the services have been tested.
• Occupancy: Not stated

Auction & Buyer Charges

• Guide Price: £100,000+
• Auction Date: 30 September 2026
• Successful buyer administration charge: £2,000 + VAT, total £2,400
• If the buyer chooses to use a solicitor from the auctioneer’s North East-based panel, the auctioneer receives a referral fee of between £200 + VAT (£240) and £400 + VAT (£480)

Investment Analysis

HB estimate: Indicative market value/GDV of £120,000, based on the supplied comparable evidence and allowing for limited property-specific detail. No refurbishment evidence or cost allowance has been supplied.

• HB estimated rent: £750 pcm
• HB estimated gross yield: 7.5%
• HB estimated maximum bid: £107,600

The HB estimated maximum bid is subject to legal-pack review, lease terms, service charges, condition and confirmation that the property can achieve approximately £750 pcm. This bid plus the £2,400 administration fee totals £110,000 before any other costs, broadly matching the latest supplied comparable sale. HB figures are estimates, not formal valuations.

Sold Comparables

Supplied sold comparable data:

HB analysis states that these five leasehold flat sales range from £65,000 to £139,950, with a calculated mean of £112,990 and median of £123,000. The latest supplied sale was £110,000 on 8 August 2025.

Rental Evidence

Advertised rental evidence: flats on Durham Road, Low Fell, Gateshead NE9 were advertised at £750 pcm. This is an advertised asking rent for comparable flats, not an achieved, passing or property-specific rent.

Strategy & Risks

HB estimate: Do not rely on the estimated yield without confirming the actual rent and all ownership costs.

• Occupancy is not stated, so vacant possession or existing tenancy status is unconfirmed.
• The £750 pcm figure is advertised asking rent for comparable flats, not a confirmed rent for this property.
• Lease length, service charge, ground rent and other lease terms are not supplied.
• Property condition and refurbishment requirements are unknown.
• The £2,400 administration fee reduces net investment returns and other purchase costs are not supplied.
• Comparable sales vary materially from £65,000 to £139,950, indicating uncertainty over flat-specific characteristics.