Monkdale Avenue, Blyth, NE24 4EB

Property Overview

Monkdale Avenue, Blyth, NE24 4EB. A purpose-built, one-bedroom ground-floor leasehold flat with a detached garage in a separate block. Features include electric storage heating, double glazing throughout, a fitted alarm system and communal gardens laid mainly to lawn.

Accommodation

• Entrance hallway with double-glazed entrance door, alarm system, two built-in cupboards and laminate flooring.
• Spacious lounge: 13’00” x 10’06” (3.96m x 3.20m), with double-glazed front window, laminate flooring, television point, coving, radiator and double doors to the bedroom.
• Bedroom: 8’04” x 10’06” (2.54m x 3.20m), with double-glazed front window, laminate flooring, television point and radiator.
• Fitted kitchen: 5’2” x 10’03” (1.57m x 3.12m), with wall and base units, work surfaces, single-drainer sink, electric cooker point, space for a washing machine, tiled floor and radiator.
• Bathroom with panelled bath, electric shower over, pedestal wash hand basin, tiled floor, uPVC walls and ceiling, and double-glazed frosted rear window.
• Front and rear gardens laid mainly to lawn and shared with five other flats.
• Detached garage with up-and-over door.

Location

Situated on Monkdale Avenue in Blyth, NE24 4EB.

Tenure & Key Information

• Tenure: Leasehold.
• Lease: 125 years from 25 December 2003.
• Lease charge supplied: £140 per quarter.
• EPC: E.
• Council Tax: Band A.
• Heating: Electric storage heating.
• Parking: Detached garage in a separate block.
• Services: Seller advises mains-provided gas, electricity, water and sewerage.

Auction & Buyer Charges

• Guide price: £39,950+.
• Auction date: 30 September 2026.
• Auction administration fee: £2,000 plus VAT, stated as £2,400 total, payable by the successful buyer.
• Buyer premium: Not supplied.
• Other fees: Not supplied.

Investment Analysis

HB estimates only, not a formal valuation. The HB market-value proxy is £30,000, based on the supplied same-street sold evidence and subject to the property's condition, lease length and service charges. No refurbishment estimate was supplied.

• HB estimated rent: £475 pcm, based on one advertised asking-rent listing only. This is not achieved or passing rent.
• HB estimated gross yield: 19%.
• HB maximum bid: £27,600, calculated as the £30,000 HB estimated value less the known £2,400 administration fee. This excludes unknown acquisition and refurbishment costs.
• The guide price is £9,950 above the latest same-street comparable sale and above the five-sale average of £34,200.

Sold Comparables

Supplied HM Land Registry sold comparable data:

Rental Evidence

Advertised rental evidence: a one-bedroom flat on Monkdale Avenue, Blyth, was advertised at £475 pcm. This is an asking rent and is not evidence of achieved or passing rent. No auctioneer estimated rent was supplied.

Strategy & Risks

HB estimate: bid cautiously only if the property's condition and lease terms support the evidence-based £30,000 value. The £27,600 HB maximum bid is below the £39,950 guide and excludes unknown acquisition and refurbishment costs.

• The guide price exceeds the latest same-street comparable by £9,950.
• Lease length, ground rent, service charge and other lease liabilities are unknown and require due diligence.
• Property condition is not evidenced, so refurbishment costs cannot be estimated.
• The £475 pcm figure is an advertised asking rent rather than achieved or passing rent.
• Buyer premium and other acquisition costs were not supplied.