Tenanted investment with immediate rental income and refurbishment potential.
Two-bedroom Victorian mid-terrace, freehold
A compact two-bedroom Victorian mid-terrace offered as an investment lot at online auction on 10 December 2025. Currently let at £625 pcm (£7,500 pa), the income equates to an approximate 8.8% yield at the guide price, making this a clear proposition for buy-to-let investors seeking near-term rental return.
The property is freehold and sits close to Newcastle town centre amenities, schools rated Good, public transport and local green space. It retains period red-brick exterior and original windows, with a small rear garden — practical features for tenants and straightforward rental management.
Internally the house requires updating and modernization; room sizes are modest and some repair/maintenance will be needed to bring it to contemporary letting standards. The auction lot has not been internally inspected, so buyers should allow for unseen issues and consult the legal pack before bidding.
Important buying information: this is an unconditional auction sale. Successful bidders must pay a 10% deposit (minimum £5,000) on fall of the hammer and a Buyers Administration Fee of £1,200 + VAT, with completion typically required within 28 days. Additional fees and responsibilities are set out in the legal pack and should be reviewed prior to registration.
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