20 Green Street, Consett, County Durham, DH8 5LP

Description

Offered with vacant possession, within an established residential area of Consett, this property offers an excellent opportunity for purchasers looking to acquire a property full of potential. Offering well-proportioned accommodation, the property would appeal to a variety of buyers, including investors and those seeking a project with scope for improvement and modernisation. The property offers spacious and versatile accommodation, comprising two generously sized reception rooms to the ground floor, one of which could be utilised as a third bedroom if required. To the first floor are two well-proportioned bedrooms and a family bathroom. Externally, the property benefits from a well-maintained rear yard, complete with a useful storage shed.

Accommodation

Two generously sized reception rooms to the ground floor, one of which could be utilised as a third bedroom if required; two well-proportioned bedrooms and a family bathroom to the first floor; rear yard with storage shed.

Location

Conveniently located within easy reach of Consett town centre, with access to local shops, supermarkets, schools, everyday amenities and transport links to surrounding areas.

Tenure / Property Information

Investment Analysis

The guide of £53,000 is below the most recent supplied same-street sale at £55,500. Other relevant terraced sales are £65,500 and £79,000, while the £214,000 sale is materially inconsistent with the remaining evidence and has been excluded from the indicative range. Given the stated potential for improvement but no detailed condition evidence, a cautious evidence-based GDV range is £55,500–£79,000, with £65,500 used as the base case.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a cautious BTL purchase if inspection and legal-pack review confirm acceptable condition and charges. Do not bid on a flip or BRRR basis without a quantified works budget, full acquisition costs and verified rent.

Works Required

The description supports general improvement and modernisation, but does not identify specific defects, building works or costs. Any works budget requires inspection and review of the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £65,500 base GDV would be approximately £49,125. BRRR viability cannot be established because refurbishment costs, total acquisition cost, finance costs and the lender's valuation assumptions are unavailable. The guide is close to the lowest supplied comparable, but the resulting equity position is highly sensitive to works and auction charges.

Buy-to-Let Analysis

At the auctioneer's estimated rent of around £650 pcm, annual gross rent is approximately £7,800 and the gross yield on the £53,000 guide is approximately 14.7%. This is only an indicative gross calculation: the rent is not an achieved passing rent, and buyer premium, works, finance, operating costs and other charges are unknown. The potential three-bedroom rent is not quantified and should not be relied upon.

Flip Analysis

A base resale value of £65,500 is supported by the supplied comparables, with a cautious range of £55,500–£79,000. A flip surplus cannot be calculated because refurbishment costs, buyer premium, special-condition charges and selling costs are not sufficiently specified.

Investor Risks & Due Diligence

• Refurbishment and modernisation requirements are not specified, so total project cost cannot be calculated.

• Buyer premium is payable or may be payable, but the amount is unspecified.

• Special Conditions of Sale may add search fees, seller-cost reimbursement, legal fees, transfer fees or other disbursements.

• The £650 pcm rent is an auctioneer estimate rather than an achieved passing rent or sufficiently specific external comparable.

• The potential three-bedroom conversion and any associated rent uplift are not confirmed or quantified.

• Tenure remains subject to the legal pack.

• The £214,000 supplied comparable is materially inconsistent with the other sales and creates uncertainty in interpreting the local evidence.

Recommendation

Potentially suitable for a cautious BTL purchase if inspection and legal-pack review confirm acceptable condition and charges. Do not bid on a flip or BRRR basis without a quantified works budget, full acquisition costs and verified rent.

Strategy Rating

Analysis Confidence

There is useful same-street sales evidence and an auctioneer rent estimate, but condition, tenure, EPC, exact rental evidence, refurbishment costs, buyer premium and possible special-condition charges are unavailable.