105 Eldon Street, Darlington, County Durham

Description

A two-bedroom mid-terraced property situated in a popular residential area of Darlington. The property is described as suitable for investors and owner-occupiers, with rental appeal and potential. It is located near local amenities and Darlington Town Centre, close to the Northern Treasury development currently under construction.

Accommodation

Ground floor: entrance hall, lounge (3.97m x 4.41m), kitchen (3.97m x 2.43m), utility/diner (1.85m x 2.71m). First floor: landing, bedroom one (3.98m x 3.43m), bedroom two (2.42m x 1.58m), bathroom.

Location

Situated in a popular residential area of Darlington, ideally located for local amenities and Darlington Town Centre, with the Northern Treasury development under construction nearby.

Tenure / Property Information

Investment Analysis

Five same-street completed sales range from £48,500 to £87,000, with an average of approximately £65,320. An indicative base GDV of £65,000 is used, subject to condition and comparability limitations. A cautious evidence-based range is £60,000–£70,000.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and legal-pack review; insufficient evidence currently supports a firm BTL, BRRR or flip strategy.

Works Required

No specific defects or works are evidenced. Arrange inspection and legal-pack review before allowing for any refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £42,500 guide, known buyer and administration charges total £3,300 before any works, disbursements or finance costs. A 75% refinance against the indicative £65,000 GDV would be £48,750, but total project cost and cash left in cannot be calculated without works and other costs.

Buy-to-Let Analysis

Rental appeal is described, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rental income and yield cannot be established.

Flip Analysis

The indicative £65,000 GDV suggests gross value above the guide, but refurbishment costs, selling costs, finance costs and other disbursements are unknown. Flip surplus cannot be reliably calculated.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are unknown.

• No reliable property-specific rental evidence is supplied.

• Buyer premium and administration charge total £3,300, before possible disbursements and other legal costs.

• Comparable sale prices vary materially, from £48,500 to £87,000.

• Finance, refurbishment and resale costs are unavailable.

Recommendation

Proceed only after inspection and legal-pack review; insufficient evidence currently supports a firm BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

Same-street completed sales support an indicative GDV, but condition, rent, refurbishment costs, EPC, legal-pack costs and selling costs are not supplied.