Old School Close, Highfield, Rowlands Gill, NE39 2DX

Property Overview

Source facts: Three-bedroom detached freehold house forming part of a new development of 13 three- and four-bedroom detached houses at Old School Close, Highfield, Rowlands Gill, NE39 2DX. The properties are built in stone on good-size plots and have a 10-year structural warranty. An early reservation enables buyers to choose kitchen and bathroom fittings, subject to availability.

Accommodation

• Three bedrooms
• Two bathrooms
• One reception room
• EPC: B

Location

Rowlands Gill has village facilities including shops, a Tesco supermarket and Gibside Hall and grounds. Nearby High Spen offers further amenities including a butcher’s shop, farm shop, tea room and primary school. There is a local bus route to Newcastle and the Metro Centre, with surrounding countryside including Chopwell Woods, Garesfield Golf Club and the Derwent Walk.

Tenure & Key Information

• Tenure: Freehold
• Occupancy: Not stated in the supplied information
• Council Tax: Band to be advised
• Services: Seller advises that mains gas, electricity, water and sewerage are provided
• Lease, parking and heating details: Not supplied

Auction & Buyer Charges

• Guide Price: £265,000+
• Auction Date: 30th September 2026
• Auction Administration Fee: £2,400 including VAT (£2,000 + VAT)
• Under Option 2 terms, the buyer places a £3,000 deposit, which comes off the purchase price
• Buyer premium: Not supplied

Investment Analysis

HB estimate: The three supplied completed freehold detached-house sales on the same close range from £400,000 to £475,000, with an HB market-value/GDV proxy of approximately £435,000 based solely on these comparables. This is not a formal valuation and condition and occupancy have not been provided.

The £265,000+ guide price is below the supplied comparable range, but the £2,400 administration fee is an additional acquisition cost. No maximum bid can be calculated reliably because refurbishment, rental and full fee information is unavailable.

Sold Comparables

Property	Sold Price	Sold Date	Type	Tenure
4, Old School Close, Rowlands Gill, Gateshead, NE39 2DX	£400,000	7 July 2025	Detached	Freehold
6, Old School Close, Rowlands Gill, Gateshead, NE39 2DX	£430,000	31 March 2025	Detached	Freehold
11, Old School Close, Rowlands Gill, Gateshead, NE39 2DX	£475,000	7 March 2025	Detached	Freehold

Source: supplied HM Land Registry sold data. The three sales average £435,000, as stated in the HB analysis.

Rental Evidence

No advertised rental evidence or passing-rent information has been supplied. No HB rental or gross-yield estimate is therefore available. Any asking or estimated rent should not be treated as achieved or passing rent.

Strategy & Risks

HB estimate: Investigate condition, occupancy, legal title and any additional auction costs before bidding. The comparable evidence supports an HB value reference of approximately £435,000, but this is not a formal valuation.

• Property condition and refurbishment requirements are not supplied.
• Occupancy status is not stated.
• No rental evidence or passing-rent information is supplied, so yield cannot be estimated.
• Buyer premium information is missing.
• Comparable evidence is limited to three sales, although all are on the same close.