Neale Terrace, Birtley, Chester Le Street, DH3 1LR

Property Overview

Three-bedroom mid-terraced house on Neale Terrace, Birtley, Chester Le Street, DH3 1LR. The property offers generous living accommodation, a kitchen extension and scope for investors or home buyers looking to modernise and improve. It is subject to an Article 4 Direction.

Accommodation

• Entrance porch and hallway
• Spacious lounge and separate dining room
• Kitchen extension with lean-to
• Three bedrooms, including two doubles
• Family bathroom
• Landing storage cupboards
• Front garden and private rear yard

Location

Neale Terrace is situated within an established residential area with access to shops, schools and amenities in Birtley and Chester Le Street. Local facilities include shops, pubs, restaurants and bus links.

Tenure & Key Information

• Tenure: Freehold
• EPC: D
• Council Tax: Band A
• Occupancy: Not supplied
• Seller advises that mains gas, electricity, water and sewerage are connected
• Very low risk of surface water flooding, according to the supplied information

Auction & Buyer Charges

• Guide Price: £59,950+
• Auction Date: 30 September 2026
• Auction Administration Fee: £2,000 + VAT, total £2,400
• No buyer premium has been supplied
• If a referred North East based solicitor from the auctioneer’s panel is used, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimate: GDV of approximately £90,000, based on the five supplied Neale Terrace sales. The evidence shows material price variation and provides no condition or refurbishment information.

• HB estimated rent: £525 pcm
• HB estimated gross yield: approximately 10.1% at a £60,000 maximum hammer bid, including the known £2,400 auction administration fee
• HB estimated maximum hammer bid: £60,000
• No refurbishment cost estimate has been supplied

The HB analysis recommends targeting a maximum hammer bid of £60,000, subject to legal, title and property-condition checks. The £2,400 administration fee should be added to the acquisition cost.

Sold Comparables

Property	Sale Price	Sold Date	Type	Tenure
2, Neale Terrace, Birtley, Chester Le Street, Gateshead, DH3 1LR	£120,000	19 November 2021	Terraced	Freehold
1, Neale Terrace, Birtley, Chester Le Street, Gateshead, DH3 1LR	£69,950	28 August 2020	Terraced	Freehold
1, Neale Terrace, Birtley, Chester Le Street, Gateshead, DH3 1LR	£82,000	11 March 2020	Terraced	Freehold
2, Neale Terrace, Birtley, Chester Le Street, Gateshead, DH3 1LR	£52,500	3 January 2018	Terraced	Freehold
4, Neale Terrace, Birtley, Chester Le Street, Gateshead, DH3 1LR	£175,000	11 August 2008	Terraced	Freehold

These are HM Land Registry sold data supplied for comparison. No condition or refurbishment information was supplied.

Rental Evidence

Advertised rental evidence identifies a three-bedroom mid-terraced house in Birtley, DH3, at £525 pcm. This is an advertised asking rent, not an achieved or passing rent. The £525 pcm figure is also used as an HB estimate and is not a formal valuation.

Strategy & Risks

• Property condition and any refurbishment requirement are not evidenced.
• No occupancy or vacant-possession information is supplied.
• Comparable sale prices vary significantly, creating valuation uncertainty.
• Buyer premium and other acquisition costs are not supplied.
• Legal, title and property-condition checks should be completed before bidding.
• The property is subject to an Article 4 Direction.