Portfolio of Three Terraces Purchased at Savills Auction in Newcastle
£385,000 · 7 months · 0.87% pm. An experienced portfolio landlord purchased three adjacent terraced houses in Newcastle's West End at a Savills regional auction, paying £385,000 for all three.
The Client
Experienced portfolio landlord
The Challenge
An experienced portfolio landlord purchased three adjacent terraced houses in Newcastle's West End at a Savills regional auction, paying £385,000 for all three. Each required a light tidy and re-let but were structurally sound.
Our Solution
Doulton structured a single facility secured across all three properties, simplifying the legal process. Individual title searches were run simultaneously to meet the 28-day completion deadline.
The Outcome
All three properties completed on time. Two re-let within five weeks. Portfolio remortgage placed at month six across all three units, achieving a blended yield of 8.2%. Key highlights: Single facility across three titles; Simultaneous legal searches met 28-day deadline; Blended yield of 8.2% achieved on portfolio.
Related Services
The finance products behind a case like this one.
Related Guides
Plain-English explainers if you want to understand the options first.