Modern Method of Auction
Auction date not yet published
2-bedroom flat · NE6 2TH
For saleReduced £3.5k (−5.6%) on 13 OctListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary For sale via online auction. Fees apply.
Appealing to a wide variety of buyers is this modern two bedroom ground floor flat which is ideally located close to all local amenities and transport links.
The property briefly comprises; entrance hall, lounge, modern fitted kitchen with a good range of wall and base units, complimenting work surfaces, build in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, integrated under bench fridge, integrated under bench freezer, plumbed for washing machine, UPVC double glazed door to the rear yard and UPVC double glazed window.
Two bedrooms and bathroom/WC. Externally to the rear is private yard which is mainly paved with walled boundaries.
Additionally the property has another garden to the side which is mainly laid to lawn with decked area and fenced boundaries The property benefits from gas central heating and UPVC double glazing.
Leasehold 999 years from 9th May 1992 should you proceed with this purchase these details must be verified by your solicitor Virtual tour available at link below: Please contact the Heaton Branch on for further information and viewings.
Council Tax Band: A Tenure: Leasehold Length of Lease: 965 Entrance Hall With doors off to the lounge, bedrooms and understairs storage cupboard.
Lounge (4.01m x 3.89m) UPVC double glazed window to the rear, electric log burner set into feature fireplace, stripped timber flooring and radiator.
Kitchen (3.38m x 2.30m) Modern fitted kitchen with a good range of wall and base units, complimenting work surfaces, build in gas hob and electric oven, stainless steel sink with mixer tap, tiled splashback, integrated under bench fridge, integrated under bench freezer, plumbed for washing machine, UPVC double glazed door to the rear yard and UPVC double glazed window.
Bedroom One (4.06m x 3.80m) UPVC double glazed window to the front, stripped timber flooring, feature fireplace and radiator.
Bedroom Two (2.81m x 2.24m) UPVC double glazed window to the rear, stripped timber flooring and radiator.
Bathroom/WC (2.24m x 1.54m) White three piece bathroom suite comprising; bath with shower over and glass screen, hand wash basin, low level WC, tiled walls, tiled floor, UPVC double glazed window and radiator.
Rear Yard Private rear yard mainly paved with fenced boundaries. Side Garden Private side garden mainly laid to lawn with decked area and fenced boundaries.
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 advisors 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
.png)
FAQ
About 89, Relton Avenue, Newcastle upon Tyne
Explore nearby