St. Pauls Road, Jarrow, NE32 3AS

Property Overview

Renovated three-bedroom first-floor purpose-built apartment in a central Jarrow location. The property has been recently modernised throughout and is offered with no upper chain.

• Address: St. Pauls Road, Jarrow, NE32 3AS
• Property type: 3 Bedroom Flat – Purpose Built
• Tenure: Leasehold
• Heating: Gas central heating
• Glazing: Double glazing
• Parking: On-street parking

Accommodation

Stairs lead to the first-floor apartment, comprising a landing, entrance hallway, three well-proportioned bedrooms, spacious lounge, newly fitted kitchen with integrated appliances, contemporary bathroom and rear yard.

Location

St. Paul’s Road is close to shops and supermarkets including the Viking Centre, together with restaurants, eateries, pubs, cafés, parks, play areas, nature walks, Jarrow Hall Museum and Palmer Community Hospital. The A19 provides road access throughout the region, with nearby Metro stations and frequent bus services.

Tenure & Key Information

• Lease: 999 years from 18/12/1987, with a peppercorn rent.
• EPC: To be advised.
• Council Tax: Band B.
• Services: The seller advises that mains gas, electricity, water and sewerage are provided.
• Flooding: Very low risk of surface water flooding.
• Occupancy status: Not supplied.

Auction & Buyer Charges

• Guide price: £55,000+
• Auction date: 30 September 2026
• Auction time: Not supplied.
• Buyer premium: Not supplied.
• Auction administration fee: £2,000 plus VAT, totalling £2,400.
• If using a recommended 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).

Investment Analysis

HB estimates: Estimated GDV is £52,000, based on limited completed-sale evidence. No refurbishment allowance has been supplied. The HB gross-rent estimate is £450 pcm, based on one advertised asking rent.

• HB estimated gross yield range: 10.3%–11.4%.
• HB recommended maximum bid: £47,500 before the known £2,400 administration fee.
• HB estimated total at the recommended maximum bid: £49,900 before any other unknown costs.
• Indicative gross yield at the recommended strategy: approximately 10.8% using the £450 pcm advertised rent.

The £55,000+ guide price exceeds the HB estimated GDV and recommended maximum bid. HB recommends proceeding only if bidding remains below £47,500.

Sold Comparables

HM Land Registry sold-data comparables supplied:

Rental Evidence

Advertised rental evidence: One advertised three-bedroom flat in Jarrow at £450 pcm. This is an asking rent and is not an achieved or passing rent. No auctioneer estimated rent was supplied.

Strategy & Risks

• Leasehold terms, remaining lease length and service-charge obligations are not supplied.
• Occupancy status is not supplied.
• No condition, repair or refurbishment information is supplied.
• The £450 pcm figure is advertised asking rent, not achieved or passing rent.
• The HB estimated GDV is based on limited local completed-sale evidence and may not reflect this flat’s exact condition or specification.
• Other acquisition, legal, financing and selling costs are not supplied; only the £2,400 administration fee is included in the HB bid calculation.