2-bedroom house · NE15 8RP
Sold STCReduced £1k (−4.3%) on 11 SepListed 67 daysAuction 11 Nov · in 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under The Hammer online auction on Wednesday 16th September 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Vacant Freehold 2 Bedroom Terraced Property offering an excellent opportunity for investors, developers or owner-occupiers seeking a property with potential to improve and add value.
The ground floor comprises an entrance porch, hallway, two reception rooms, while the first floor provides two bedrooms, a landing and bathroom.The property is in need of refurbishment and modernisation throughout and provides an excellent opportunity for a purchaser to undertake a comprehensive programme of works to their own specification.
Once renovated, the property offers scope to significantly enhance the accommodation, improve its overall appeal and potentially add value, making it particularly suitable as a refurbishment project or investment opportunity.
Externally, the property benefits from both front and rear gardens, providing useful private outside space.
Situated on Rokeby Street in Lemington, Newcastle upon Tyne, the property occupies an established residential location with a range of everyday amenities, shops and schools nearby.
The postcode benefits from local bus services, with Blaydon railway station approximately 1.3 km away, while Newcastle city centre and the wider Tyneside area are accessible via the surrounding road and public transport network.
Block viewings are available on this property, ensure you've confirmed your attendance on our website before arriving.
viewing days & time Saturday 22nd August 2026: 12pm Wednesday 26th August 2026: 1pm Tuesday 1st September 2026: 2pm Friday 11th September 2026: 3pm Here's what to do next Visit - Our website and view the auction terms.
View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date. Legal Pack - Download and view the legal pack to find out all the relevant information.
Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
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
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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 54 Rokeby Street, 54 Rokeby Street, Newcastle upon Tyne
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