Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · NE28 9RJ
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BE SOLD via ONLINE AUCTION. Fees apply.
Offered for sale via Online Auction, this three-bedroom mid-terrace property is situated on Bray Close, Wallsend, within easy reach of Silverlink Business Park, a wide range of local amenities and excellent road and transport links.
The property has benefited from a number of significant improvements, carried out approximately five years ago, including replacement double glazing and external doors, upgraded electrics, installation of a new gas combination boiler and radiators, a modern fitted kitchen and an updated shower room.
The accommodation briefly comprises an entrance porch leading into the hallway, spacious lounge and a modern kitchen/diner with access to the rear garden.
Stairs from the hallway lead to the first-floor landing, providing access to three bedrooms and the family shower room.
Externally, the property benefits from enclosed gardens to both the front and rear.
A well-proportioned home with much of the major improvement work already completed, making it an attractive opportunity for a range of buyers.
Early viewing is recommended to appreciate the accommodation on offer.
Council Tax Band: A Tenure: Freehold Front External To the front is a low-maintenance enclosed garden with gated access, paved patio/seating area and decorative gravel borders.
The property benefits from a useful entrance porch and overlooks an open green area to the front.
Entrance Porch 2.36m x 2.15m Double glazed entrance door, tiled flooring, double glazed windows and internal door leading into the hallway.
Hallway Stairs leading to the first floor, radiator and access to the lounge and kitchen/diner.
Lounge 4.1m x 2.94m Double glazed Full length window to the front, feature fireplace, radiator and carpeted flooring.
Kitchen/Diner 3.4m x 5.09m Modern fitted kitchen with a range of wall and base units, work surfaces, integrated oven and gas hob.
Large breakfast bar with seating area, tiled flooring, radiator and French doors leading to the rear garden.
First Floor Landing Carpeted landing providing access to all three bedrooms and shower room. Built-in storage cupboard housing the boiler, with access to the loft.
Bedroom 1 3.55m x 2.74m Spacious double bedroom with fitted sliding wardrobes, carpeted flooring, radiator and window to the rear.
Bedroom 2 2.59m x 2.45m Bedroom to the front with fitted sliding wardrobes, carpeted flooring, radiator and window to the front.
Bedroom 3 2.56m x 2.25m Bedroom with carpeted flooring, radiator and window to the rear.
Shower room / WC Fitted with a modern white suite comprising a large walk-in shower enclosure, WC and wash hand basin set within a vanity unit.
Panelled walls, wood-effect flooring and frosted window providing natural light.
Rear External Enclosed rear garden with gated access, paved pathway leading to the entrance and low-maintenance planted borders.
Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Bray Close, Wallsend, Tyne and Wear, NE28 9RJ
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