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See how verdicts work2-bedroom flat · NE24 2HF
Listing removedListed 5 daysAuction 1 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM FLAT IN BLYTH FOR SALE BY ONLINE LIVESTREAM AUCTION ON TUESDAY 3RD NOVEMBER 2026 AT 12 NOON TWO BEDROOM FLAT IN BLYTH A two bedroom flat situated in an established and popular area of Blyth, Newcastle, close to a range of local amenities, schools and transport links.
The property offers spacious accommodation. The property is likely to appeal to investors.
Externally, there is a rear yard/garden area (subject to verification), with on-street parking available nearby.
Auction House North Yorkshire and Tees Valley have not gained entry at the time of marketing and all details have been provided by the seller We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding.
Come auction day (3rd November), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 14 days later.
You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on .
Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at .
for any further assistance, please do not hesitate to contact us in the office.
Auctioneers Notes Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Mains Broadband –Standard Speed – 18 mbps Mobile signal / coverage –O2/EE/Three/Vodafone – Very Good Parking – On Street Building Safety – See Legal Pack Restrictions – Yes – See Legal Pack – Leasehold Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Low Planning permission – See Legal Pack- Accessibility / adaptions – See Legal Pack Coalfield or mining area – Yes - See Legal Pack – North East Tenure: Leasehold Lease Details: 999 years from 1 January 1993 Administration Fee: £1800 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: 1.8% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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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.
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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 18 Richard Street, Blyth, Tyne and Wear NE24 2HF
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