18 Kemp Road, Peterlee, County Durham, SR8 2AA

Description

An excellent opportunity to acquire this spacious four-bedroom end-terrace property, situated within an established residential area of Peterlee. Offering approximately 96 sq m (1,033 sq ft) of internal accommodation, the property presents an attractive opportunity for investors, landlords and owner-occupiers looking to add value through further cosmetic improvements. The property benefits from UPVC double glazing, gas central heating radiators, and neutral decoration throughout much of the accommodation. Whilst some areas have undergone improvements, further cosmetic refurbishment and finishing works are required, particularly to the bedrooms and bathroom. Externally, the property enjoys a front garden with pathway leading to the entrance, whilst to the rear is an enclosed garden with fenced boundaries, offering scope for further landscaping.

Accommodation

The accommodation is arranged over two floors and briefly comprises an entrance hallway, two reception rooms providing flexible living space, a dining area and a fitted kitchen featuring modern white units, contrasting dark worktops, an integrated oven and gas hob. To the first floor are four bedrooms, including two generously proportioned double bedrooms, together with a family bathroom comprising a bath, wash hand basin and WC.

Location

Situated in Peterlee, the property is conveniently positioned for access to local shops, schools, amenities and transport connections, with the A19 providing links to Sunderland, Durham and surrounding areas.

Tenure / Property Information

Investment Analysis

The guide price is £72,000. Supplied completed sales on Kemp Road range from £56,000 in 2018 to £98,000 in 2007, but they are dated and provide no sufficiently specific evidence on bedroom count, floor area, condition or current market value. The £72,000 guide cannot therefore be validated as current market value or GDV from the supplied evidence. The £1,200 administration charge is known, while buyer premium and other possible costs are unspecified.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain current comparable sales, an independent inspection or detailed refurbishment quotation, achievable rent evidence and the complete auction fee schedule before bidding or selecting BTL, BRRR or flip.

Works Required

Complete cosmetic finishing and refurbishment works, particularly to the bedrooms and bathroom, together with general finishing and potential rear-garden landscaping. No costed scope or evidence of structural, installation or major repair requirements has been supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because current GDV, refurbishment cost, achievable rent and refinance value are unsupported. The property has stated cosmetic finishing requirements, but the absence of a priced works schedule prevents calculation of total cost, equity or refinance cash left in.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental demand, achievable rent and yield are therefore unverified. The £1,200 administration charge and unspecified buyer premium and other charges would also need to be included in a full investment appraisal.

Flip Analysis

A flip appraisal cannot be completed reliably. The supplied same-road sales are dated, with the latest from 2018, and do not establish a current resale value for this 96 sq m four-bedroom property. Refurbishment costs and selling costs are also not supplied, so no supported flip surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• Current market value and GDV cannot be established from the dated comparable evidence.

• No refurbishment budget or detailed condition survey is supplied.

• No sufficiently specific rental evidence is available, so achievable rent and yield are unknown.

• Buyer premium and other possible auction, legal and completion costs are unspecified.

• Potential resale and refinance outcomes cannot be assessed reliably without current valuation evidence.

Recommendation

Do not proceed on the supplied evidence alone. Obtain current comparable sales, an independent inspection or detailed refurbishment quotation, achievable rent evidence and the complete auction fee schedule before bidding or selecting BTL, BRRR or flip.

Strategy Rating

Analysis Confidence

The property description and tenure are reasonably detailed, but current valuation evidence, rental evidence, refurbishment costs, occupancy information and several auction charges are missing or unspecified. The available sold comparables are dated and lack key property-specific details.