Severus Road, Newcastle Upon Tyne, NE4 9NN

Property Overview

Available for sale by auction, this ground floor two-bedroom leasehold flat is located in Fenham, Newcastle upon Tyne. The property has a double driveway to the front and a rear garden.

Accommodation

• Hallway
• Lounge
• Kitchen
• Two bedrooms
• Bathroom
• Separate WC

Location

Situated in Fenham, close to local public transport routes to and from Newcastle city centre and the MetroCentre, with easy access to the A1 and A69.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 999 years from 3 November 1987 with a peppercorn rent
• EPC: F
• Council Tax: Band A
• Parking: Double driveway to the front
• Seller advises mains gas, electricity, water and sewerage are provided
• Very low risk of surface water flooding, as advised by the seller
• Occupancy status: Not supplied

Auction & Buyer Charges

• Guide Price: £75,000+
• Auction date: 30 September 2026
• Auction administration fee: £2,000 plus VAT, totalling £2,400
• If the buyer chooses a North East-based solicitor from the auctioneer’s panel, the auctioneer receives a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480)

Investment Analysis

HB estimate: £85,000 indicative market value, anchored to the most recent supplied comparable at 96 Severus Road, which sold for £85,000 in July 2025. This is an estimate and not a formal valuation or confirmed GDV.

No HB rent, refurbishment estimate, gross yield or maximum bid has been calculated. No rental evidence is available, and the property’s condition, floor area, service charge, ground rent and occupancy have not been supplied. The £2,400 auction administration fee should be allowed for in any bid calculation.

Sold Comparables

The following supplied sold data relates to leasehold flats or maisonettes on Severus Road:

Property	Sold Price	Sold Date	Type	Tenure
96 Severus Road, Newcastle upon Tyne, NE4 9NN	£85,000	7 July 2025	Flat/Maisonette	Leasehold
80 Severus Road, Newcastle upon Tyne, NE4 9NN	£100,000	30 June 2022	Flat/Maisonette	Leasehold
82 Severus Road, Newcastle upon Tyne, NE4 9NN	£80,000	30 June 2022	Flat/Maisonette	Leasehold
92 Severus Road, Newcastle upon Tyne, NE4 9NN	£60,000	1 February 2018	Flat/Maisonette	Leasehold
96 Severus Road, Newcastle upon Tyne, NE4 9NN	£108,000	29 February 2008	Flat/Maisonette	Leasehold

The supplied comparable sales range from £60,000 to £100,000 for the more recent transactions, although they may reflect different condition and specification.

Rental Evidence

No advertised rental evidence or auctioneer estimated rent has been supplied. Rent, passing rent and rental yield cannot therefore be estimated from the available evidence.

Strategy & Risks

HB estimate: Treat £85,000 as a provisional market-value estimate rather than a confirmed GDV. Bid only after checking the legal pack, lease term, service charge, ground rent, property condition and occupancy. No evidence-based maximum bid can be calculated because rent, refurbishment requirements and investment return criteria are unavailable. Add the known £2,400 administration fee to total acquisition costs.

• Lease length, ground rent and service charge are not supplied.
• Property condition and refurbishment requirements are unknown.
• Occupancy status is not supplied.
• No rental evidence is available, so yield and investment returns cannot be estimated.
• The £2,400 auction administration fee reduces the effective purchase budget.
• Comparable sales show a broad £60,000–£100,000 range and may differ in condition or specification.