12 Ewehurst Crescent, Dipton, Stanley, County Durham, DH9 9JA

Description

An excellent opportunity to acquire a two-bedroom semi-detached property with tenant-in-situ, currently achieving £625 per calendar month, generating an annual rental income of £7,500. Situated in Dipton with strong links to Consett and surrounding areas, the property offers an existing tenancy in place. The good condition and modern style throughout are noted in the description.

Accommodation

Two-bedroom semi-detached layout

Location

Situated in Dipton, Stanley, County Durham, with strong links to Consett and surrounding areas.

Tenure / Property Information

Investment Analysis

The £73,000 guide is supported only cautiously by the supplied evidence. The subject property sold for £65,000 in June 2021, while other same-street semi-detached sales range from £66,000 to £107,500, but bedroom counts, condition and dates are not fully comparable. A base GDV of £73,000 is therefore used, with £65,000–£88,000 as an evidence-led scenario range. This is not a formal valuation and excludes unknown legal-pack matters, tenure details and potential auction costs.

Investment Snapshot

Strategy Recommendation

Prioritise a hold-to-let strategy at or below the guide, subject to confirming the tenancy, title, rent schedule, arrears position, legal-pack charges and all-in acquisition cost. Do not rely on refurbishment or resale uplift without further evidence.

Works Required

No specific refurbishment works are identified in the supplied description, which states that the property is in good condition and modern throughout. A physical inspection and legal-pack review are still required; no refurbishment allowance is included in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £73,000 base GDV, 75% refinance is £54,750. Against the £76,600 analysis cost, indicative cash left in would be £21,850 before finance, tax and other unknown costs. The refinance case is dependent on lender valuation, mortgage availability, title, tenancy and actual acquisition costs; no refurbishment uplift is evidenced.

Buy-to-Let Analysis

At the stated passing rent of £625 pcm, annual rent is £7,500. This produces a gross yield of 10.27% on the £73,000 guide and 9.79% on the £76,600 analysis cost, which includes the £3,600 administration charge but excludes unknown legal-pack fees, finance, tax, insurance, maintenance and management. The £675 pcm advertised asking rent provides supporting upside evidence but is not an achieved rent. BTL appears the most directly supported strategy, subject to tenancy, title and fee checks.

Flip Analysis

A flip is not strongly supported because the property is described as tenant-in-situ and in good, modern condition, with no works or selling allowance supplied. The base GDV of £73,000 is below the analysis cost of £76,600 before selling costs, finance, tax and any works. A reliable flip surplus cannot therefore be established.

Investor Risks & Due Diligence

• Tenure and title are stated as subject to the legal pack and are not confirmed.

• Special-condition legal fees, search fees, seller-cost reimbursements, transfer fees and other auction charges are unknown.

• Tenant-in-situ status requires confirmation of tenancy terms, rent schedule, arrears and compliance documentation.

• The rental listing at £675 pcm is an advertised asking rent rather than achieved rent.

• GDV evidence is limited because comparable bedroom counts, condition and transaction dates are not fully comparable.

• Gross yields exclude finance, tax, insurance, maintenance, management, voids and other ownership costs.

Recommendation

Prioritise a hold-to-let strategy at or below the guide, subject to confirming the tenancy, title, rent schedule, arrears position, legal-pack charges and all-in acquisition cost. Do not rely on refurbishment or resale uplift without further evidence.

Strategy Rating

Analysis Confidence

The current rent, guide, administration charge and several completed sales are supplied, but tenure, legal-pack costs, property condition verification, EPC, operating costs, tenancy terms and comparable property details are incomplete.