10 Tivoli Place, Bishop Auckland, County Durham, DL14 6AU

Description

A mid-terraced house with two-bedrooms. The accommodation comprises, a living room, a dining room, a kitchen, two-bedrooms and a bathroom. Externally, there is a yard to the rear and street parking available. The property is well located for all amenities and the nearby train station. The total approximate floor area, taken from the EPC is 71m2 and the energy rating is D. All services/appliances have not and will not be tested.

Accommodation

Living room, dining room, kitchen, two bedrooms and bathroom.

Location

Well located for all amenities and the nearby train station.

Tenure / Property Information

Investment Analysis

Five sold comparables on Tivoli Place range from £48,000 to £50,000, with an average of £49,300. A supported base GDV of £49,300 is used, with low/high scenarios of £48,000 and £50,000. The £30,000 guide represents a substantial discount to these recorded sales, but the comparables do not establish the subject property's condition or specification. Rental evidence is advertised asking rent only and ranges from £499 to £575 pcm; a midpoint of £537 pcm is used for base calculations.

Investment Snapshot

Strategy Recommendation

Potential high-yield BTL, with BRRR worth investigating if inspection confirms acceptable condition and a lender supports the refinance valuation. Do not rely on the apparent margin until services, condition, additional auction costs and achievable rent are verified.

Works Required

No specific physical works are supported by the supplied evidence. Before bidding, inspect the property and verify all services, appliances, condition and compliance, as these have not been tested. Any remedial works should be costed after inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the purchase plus the known minimum buyer premium is £31,200 before any unquantified works or additional fees. A 75% refinance against the £49,300 base GDV would be approximately £36,975, implying indicative capital left in of negative £5,775 before finance, tax, valuation and refinancing costs. This is only a scenario because condition, lender valuation and eligible refinance terms are unknown.

Buy-to-Let Analysis

Using the midpoint advertised rent of £537 pcm, annual gross rent is £6,444. This equates to approximately 21.48% gross yield on the £30,000 guide and 20.65% on the £31,200 analysis cost, which includes the £1,200 minimum buyer premium. These are gross figures based on asking rents, before voids, management, maintenance, finance, tax and any additional auction costs.

Flip Analysis

The evidence supports a base resale value of approximately £49,300, against a minimum analysed acquisition cost of £31,200 before works and other possible fees. A formal flip surplus is not calculated because no refurbishment allowance or selling-cost allowance is supported, and property condition is unconfirmed.

Investor Risks & Due Diligence

• All services and appliances have not and will not be tested.

• No condition survey or refurbishment scope is supplied, so works costs cannot be quantified.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• The £1,200 buyer premium is included, but further search fees, legal fees, seller-cost reimbursements, transfer fees or other disbursements may apply.

• Comparable sales do not confirm that the subject property has the same condition or specification.

• The refinance scenario depends on lender valuation, mortgage terms and the property's condition.

Recommendation

Potential high-yield BTL, with BRRR worth investigating if inspection confirms acceptable condition and a lender supports the refinance valuation. Do not rely on the apparent margin until services, condition, additional auction costs and achievable rent are verified.

Strategy Rating

Analysis Confidence

Local same-street sold comparables and rental asking evidence are available, but condition, actual achievable rent, refurbishment costs, selling costs, occupancy and additional auction disbursements are not established.