17 Beverley Way, Peterlee, County Durham, SR8 2AT

Description

A vacant three-bedroom semi-detached property requiring some modernisation, with front and rear gardens, offering an excellent investment or owner-occupier opportunity.

Accommodation

Entrance hall, spacious living room, kitchen/dining room, three bedrooms and a family bathroom.

Location

Beverley Way is conveniently positioned for local schools, shops and amenities, with good transport links providing access throughout the wider region. The property is situated in a popular residential area of Peterlee.

Tenure / Property Information

Investment Analysis

Five completed sales on Beverley Way range from £65,000 to £82,000, with an average of £74,800. The most recent comparable, 11 Beverley Way, sold for £67,000 in September 2025. Given the subject is described as requiring some modernisation, £74,800 is used as the base GDV, with the comparable range used for low and high scenarios. This is an evidence-based estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a buy-to-let or owner-occupier purchase at or below the guide, subject to survey, legal-pack review and confirmation of modernisation costs. Do not underwrite a flip without a verified works budget.

Works Required

Modernisation is required, but the supplied evidence does not specify the works. Obtain a survey and legal-pack review before budgeting for refurbishment. No unsupported defects or specific works are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £72,000 guide, estimated 75% refinancing against the £74,800 base GDV would be £56,100. Cash left in cannot be calculated because refurbishment and total acquisition costs are unknown. The strategy requires confirmation of achievable rent, works costs and refinance valuation.

Buy-to-Let Analysis

The only directly relevant rental evidence is an advertised asking rent of £725 pcm for a three-bedroom property on Beverley Way, producing estimated annual rent of £8,700. Against the £72,000 guide, the gross yield is approximately 12.08%. Yield on total cost cannot be established because refurbishment costs and other applicable acquisition charges are not supplied. Asking rent is not achieved rent.

Flip Analysis

The evidence-supported GDV range is £65,000 to £82,000, with a base estimate of £74,800. A flip surplus cannot be calculated because refurbishment costs, applicable purchase charges and selling costs are not supplied. At the guide price, the purchase is close to the base comparable-derived GDV before costs.

Investor Risks & Due Diligence

• The property requires some modernisation, but no quantified works budget is available.

• The £725 pcm figure is an advertised asking rent rather than achieved rent.

• Additional auction, legal, search, transfer and seller-cost charges may apply but are not quantified.

• The latest comparable sold for £67,000, below the £72,000 guide before the £3,600 admin charge and other costs.

• Council tax, parking and heating details are not supplied.

• A formal survey and legal-pack review have not been provided.

Recommendation

Potentially suitable for a buy-to-let or owner-occupier purchase at or below the guide, subject to survey, legal-pack review and confirmation of modernisation costs. Do not underwrite a flip without a verified works budget.

Strategy Rating

Analysis Confidence

Completed-sale evidence, one relevant advertised rent, guide price and the £3,600 admin charge are supplied. Condition detail, refurbishment costs, full acquisition charges, achieved rent and legal-pack information are incomplete.