31 Oxford Road, Thornaby, Stockton-On-Tees, North Yorkshire

Description

Ready-made investment opportunity comprising a traditional four-bedroom house in Thornaby. The property is currently tenanted at £650 per calendar month (£7,800 per annum). It falls within the North Thornaby Selective Licensing area. Auction House North Yorkshire and Tees Valley have not entered the property; photographs are pre-tenancy and provided by partner agents.

Accommodation

Entrance hall, bay-fronted lounge, additional rear reception room and generous kitchen/breakfast room on the ground floor; four bedrooms and a modern family bathroom on the first floor. Wall-enclosed rear yard.

Location

Thornaby, Stockton-on-Tees. The property falls within the North Thornaby Selective Licensing area.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £50,000 to £100,000, with the two most recent sales at £66,000 and £72,000. A cautious base GDV of £72,000 is used, with £66,000–£85,000 as an evidence-supported scenario range. Comparability is limited because bedroom counts and condition are not supplied.

Investment Snapshot

Strategy Recommendation

Consider as a tenanted BTL only after verifying the tenancy, rent, licensing position, legal pack and property condition. Do not rely on a flip or BRRRR outcome without inspection and confirmed costs.

Works Required

No specific refurbishment works are evidenced. Verify condition through inspection, tenancy documentation, selective licensing compliance and legal-pack review. Any repairs, licensing costs or disbursements remain unquantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £72,000 base GDV, 75% refinance is approximately £54,000. Against known acquisition costs of £63,600, indicative cash left in is £9,600 before finance, tax, repairs and other costs. Actual refinance depends on valuation, lender criteria and tenancy evidence.

Buy-to-Let Analysis

At the stated £650 pcm tenancy, annual rent is £7,800. Gross yield is 13.0% on the £60,000 guide and approximately 12.3% including the £1,800 buyer premium and £1,800 admin charge. Net yield cannot be established because operating costs, licensing costs and disbursements are unavailable.

Flip Analysis

A flip assessment is weak because the property is tenanted, no internal inspection has occurred, refurbishment costs are unavailable and no selling-cost allowance is supplied. The base GDV is only an indicative comparable-based scenario.

Investor Risks & Due Diligence

• North Thornaby Selective Licensing requirements and costs must be verified.

• Photographs are pre-tenancy and the auctioneer has not entered the property, so current condition is unconfirmed.

• The tenancy, rent payment history and tenancy terms require verification.

• Legal-pack disbursements and possible seller or transfer costs are unknown.

• Parking is stated as N/A and the EPC is currently rated D.

Recommendation

Consider as a tenanted BTL only after verifying the tenancy, rent, licensing position, legal pack and property condition. Do not rely on a flip or BRRRR outcome without inspection and confirmed costs.

Strategy Rating

Analysis Confidence

Recent same-road sales and the current rent are supplied, but comparable property details, internal inspection, refurbishment costs, operating costs and legal disbursements are incomplete.