34 Murton Lane, Easington Lane, Houghton Le Spring, Tyne And Wear

Description

A Vacant Four Bedroom Mid Terrace House. The property comprises a four bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom. First Floor: Three Bedrooms.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Elemore Park are within easy reach. Transport links are provided by Seaham rail station.

Tenure / Property Information

Investment Analysis

Completed sales evidence ranges from £37,000 to £81,999, although the £81,999 and £45,000 same-day entries for 8 Murton Lane are inconsistent. The strongest evidence is the subject property sale at £37,000 on 24 June 2026, with 47 Murton Lane at £49,500 providing a nearby reference. A base GDV of £49,500 is used, with a cautious evidence-supported range of £37,000 to £60,000. No condition evidence is provided, so no refurbishment allowance can be established.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a confirmed works budget. The low guide and advertised rental evidence appear attractive, but the recent £37,000 sale of the same property and unknown condition materially weaken confidence in a BTL, BRRR or flip decision.

Works Required

No specific defects or required works are evidenced. A physical inspection and review of the legal pack are required before budgeting any refurbishment, compliance or maintenance works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £49,500 base GDV, 75% refinancing equates to £37,125. However, total project cost and cash left in cannot be calculated because the property condition and refurbishment costs are unknown and additional auction disbursements may apply. The refinance figure is therefore indicative only.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,075 pcm for a four-bedroom house in Hetton, not an achieved rent or passing rent. At the £35,000 midpoint of the guide range, this indicates a gross yield of approximately 36.86% before works, finance, operating costs, fees and vacancy. The yield on total cost cannot be established because refurbishment and other purchase costs are not fully evidenced.

Flip Analysis

A base GDV of £49,500 is supported by the nearby £49,500 completed sale, but the subject's own recent £37,000 sale demonstrates valuation uncertainty. Flip profitability cannot be calculated because refurbishment costs, full acquisition costs and selling costs are not sufficiently evidenced.

Investor Risks & Due Diligence

• The subject property has a recorded completed sale at £37,000 on 24 June 2026, creating uncertainty around the higher £49,500 base GDV.

• The £81,999 and £45,000 entries for 8 Murton Lane are inconsistent same-day comparable records.

• No condition, inspection, EPC, heating, parking or compliance information is supplied.

• Refurbishment costs cannot be estimated from the supplied evidence.

• The £1,075 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Additional search, seller-cost reimbursement, legal, transfer and other disbursement fees may apply.

• The property is vacant, so there is no established rental income or occupancy history.

Recommendation

Proceed only subject to inspection, legal-pack review and a confirmed works budget. The low guide and advertised rental evidence appear attractive, but the recent £37,000 sale of the same property and unknown condition materially weaken confidence in a BTL, BRRR or flip decision.

Strategy Rating

Analysis Confidence

There are several completed local sales and one advertised rent, but the evidence includes inconsistent comparable transactions, no condition or EPC information, no refurbishment budget, and incomplete auction fee and legal-pack information.