29 Cooperative Street, Chester le Street, County Durham, DH3 3EX

Description

Situated in a popular residential area of Chester-le-Street is this three bedroom terraced property. The property offers potential for a range of buyers, whether looking for a home of their own or an investment opportunity in an area with high rental demand.

Accommodation

The ground floor has an entrance hall leading into the living room, which opens through an archway into the dining room to the rear providing additional living space. The kitchen is positioned beyond the dining room and leads through to a downstairs shower room. To the first floor there are three bedrooms and a main bathroom.

Location

Situated in a popular residential area of Chester-le-Street.

Tenure / Property Information

Investment Analysis

Five same-street sold comparables range from £57,500 to £85,000. The four more recent sales range from £75,000 to £85,000, averaging £80,000. A base GDV of £80,000 is supported, with a low scenario of £75,000 and high scenario of £85,000. Condition, specification and tenure for this property are not confirmed, so the estimate remains indicative.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting condition and reviewing the legal pack. The evidence supports a potential owner-occupier purchase near the guide, but does not support a quantified BTL, BRRR or flip strategy.

Works Required

No specific defects or refurbishment requirements are evidenced. Confirm condition through inspection and review of the legal pack before bidding; no works allowance is included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £80,000 base GDV would indicate £60,000 of gross refinance proceeds. The total project cost cannot be calculated because works, tenure-related costs, other auction charges and finance costs are unknown. Cash left in and BRRR viability are therefore unconfirmed.

Buy-to-Let Analysis

Rental evidence is insufficient: no specific rental comparables or auctioneer rent estimate are supplied. Rent and gross yield therefore cannot be established. The £70,000 guide plus the known £3,600 admin charge equals £73,600 before any other fees, works or finance costs.

Flip Analysis

The £80,000 base GDV provides only a limited indication of resale value against the £70,000 guide and £3,600 known admin charge. Works, additional costs and selling costs are unsupported, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Property tenure and legal position are not confirmed; the legal pack must be reviewed.

• Internal condition and required works are not evidenced.

• No sufficiently specific rental evidence or passing rent is available.

• Additional search, seller, legal, transfer and other auction charges may apply.

• Comparable sale prices range materially from £57,500 to £85,000, creating valuation uncertainty.

Recommendation

Proceed only after inspecting condition and reviewing the legal pack. The evidence supports a potential owner-occupier purchase near the guide, but does not support a quantified BTL, BRRR or flip strategy.

Strategy Rating

Analysis Confidence

Same-street sold evidence is available and reasonably recent, but property condition, tenure, rent, works and additional auction costs are not sufficiently evidenced.