Hastings Street, Cramlington, NE23 6RQ

Property Overview

Two-bedroom terraced bungalow in a popular and sought-after residential area of Cramlington. The property requires some modernisation and benefits from a modern fitted kitchen and bathroom, converted loft room, rear yard and off-street parking.

• Type: 2 Bedroom Bungalow
• Tenure: Freehold
• EPC: C
• Council Tax: Band A
• Parking: Rear yard with off-road parking for one vehicle

Accommodation

Front porch, lounge, kitchen, bathroom, two bedrooms, storage cupboard, fully boarded loft with Velux window, and rear external/yard.

Heating includes an electric fireplace and a chrome ladder-style heated towel radiator in the bathroom. The seller advises that mains gas, electricity, water and sewerage are provided.

Location

Situated within a popular and sought-after residential area of Cramlington, Northumberland, NE23 6RQ.

Tenure & Key Information

• Freehold
• Occupancy status: Not supplied
• Lease information: Not supplied
• Internal condition and refurbishment requirements: Not fully supplied; the property is described as requiring some modernisation

Auction & Buyer Charges

• Guide Price: £65,000+
• Auction Date: 30th September 2026
• Auction Time: Not supplied
• Buyer Premium: Not supplied
• Auction Administration Fee: £2,000 plus VAT, totalling £2,400
• If a buyer elects to use a North East based solicitor from the auctioneer's panel, the auctioneer would receive a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480) from the solicitor

Investment Analysis

HB estimates only: Estimated GDV: £95,000, based on five completed Hastings Street sales ranging from £85,000 to £110,000, with an average of £94,800. The comparables are mainly terraced houses rather than bungalows, so this estimate is indicative only.

The £65,000 guide price is materially below the comparable evidence. Based on the HB analysis, the gross rent yield at the guide price would be approximately 20.3% before costs, while the indicative yield at the estimated GDV would be approximately 13.9%. The HB estimated gross yield range is 12% to 15.2%.

The known £2,400 auction administration fee makes the cost at the £65,000 guide £67,400 before any other costs. No refurbishment estimate or maximum bid has been supplied. The £1,100 pcm rent figure is an advertised asking-rent indication only, not an achieved or passing rent.

Sold Comparables

Property	Sold Price	Sold Date	Type	Tenure
1A, Hastings Street, Cramlington, NE23 6RQ	£110,000	16 July 2026	Terraced	Freehold
54, Hastings Street, Cramlington, NE23 6RQ	£87,000	14 February 2025	Terraced	Freehold
28, Hastings Street, Cramlington, NE23 6RQ	£90,000	13 December 2024	Terraced	Freehold
50, Hastings Street, Cramlington, NE23 6RQ	£85,000	14 December 2023	Terraced	Freehold
24, Hastings Street, Cramlington, NE23 6RQ	£102,000	4 December 2023	Semi-Detached	Freehold

Source: supplied HM Land Registry sold data. The sales are predominantly terraced houses rather than bungalows and are therefore indicative only.

Rental Evidence

One advertised rental listing for a 2 Bedroom Bungalow in Cramlington indicates an asking rent of £1,100 pcm. This is advertised asking-rent evidence only and is not an achieved or passing rent.

Source: Rightmove, “Properties To Rent in Cramlington, Northumberland”. No auctioneer estimated rent was supplied.

Strategy & Risks

HB analysis indicates potentially attractive guide pricing against local completed sales, but recommends proceeding only after confirming vacant or tenanted status, condition, legal title and the bungalow’s comparability to the sales evidence. The £1,100 pcm figure should be treated as an asking-rent indication only.

• Comparable sales are predominantly terraced houses, not bungalows.
• Occupancy status is not provided.
• No internal condition or refurbishment information is supplied.
• The rental evidence is a single advertised asking rent, not achieved rent.
• The £2,400 administration fee is payable in addition to the hammer price.
• No buyer premium or other acquisition costs are supplied.
• Do not bid without a condition-based refurbishment assessment.