21 Talbot Street, Middlesbrough

Description

A three bedroom mid terrace house. In need of modernisation. Externally the property benefits from a rear yard. Vacant.

Accommodation

Ground Floor - Lounge, Dining Room, Kitchen First Floor - Two Bedrooms, Ensuite Bathroom / WC

Location

Located on Talbot Street, accessed from Stamford Street and Southfield Road. Local amenities can be found along Borough Road with a wider range of shops, restaurants and cafes in the centre of Middlesbrough. The recreational amenities of Albert Park and Ayresome gardens are nearby. Road links via A66. Transport Middlesbrough Railway Station - Northern, Transpennine, LNER.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry comparables on Talbot Street range from £50,000 to £70,000, with a median sale price of £62,000. A base GDV of £62,000 is used, with low and high scenarios of £50,000 and £70,000 respectively. The comparables do not establish the subject property's condition or exact similarity, and the property is described as needing modernisation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, full modernisation quotations and confirmation of all buyer, seller and VAT-related charges. Do not bid on a BTL or BRRR basis until rent and costs are evidenced.

Works Required

Modernisation is required, but the evidence does not specify the scope, specification or defects. A survey and contractor quotations are required before budgeting.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £62,000 base GDV, 75% refinance is estimated at £46,500. BRRR viability cannot be assessed because refurbishment costs, buyer charges, finance costs and achievable rent are unsupported. The £37,500 guide is below the supplied sold-price range, but the apparent margin cannot be relied upon without costing the modernisation.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs and buyer charges are also unknown.

Flip Analysis

The supplied evidence supports a base resale/GDV estimate of £62,000, with a £50,000–£70,000 evidence range. Flip surplus cannot be calculated because works, buyer charges, VAT exposure and selling costs are not supplied.

Investor Risks & Due Diligence

• The property is vacant and described as needing modernisation, but the scope and cost of works are unknown.

• The buyer's fee is unspecified.

• VAT may apply and seller's special conditions may contain additional charges.

• No sufficiently specific rental evidence is available, preventing reliable yield analysis.

• The sold comparables do not provide evidence of their condition or detailed specification relative to the subject property.

• No finance, selling or refurbishment cost evidence is supplied.

Recommendation

Proceed only subject to inspection, full modernisation quotations and confirmation of all buyer, seller and VAT-related charges. Do not bid on a BTL or BRRR basis until rent and costs are evidenced.

Strategy Rating

Analysis Confidence

Completed-sale evidence supports a broad local value range, but the property's condition, refurbishment budget, rent, buyer premium, VAT position and other transaction costs are not quantified.