4 Milburn Street, Crook, County Durham, DL15 9DY

Description

A Four Bedroom Mid Terrace House Subject to a Periodic Tenancy Producing £6,000 Per Annm

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Four Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. There are numerous green open spaces within easy reach. Transport links are provided by the A68 and A689.

Tenure / Property Information

Investment Analysis

Five completed same-street freehold terraced sales range from £98,000 to £135,000, with a simple average of £109,600. This supports a broad, unadjusted GDV range of £98,000–£135,000 and a base GDV of £109,600. The comparables vary materially in price and no condition, size or specification adjustments are available, so this is an indicative rather than formal valuation.

Investment Snapshot

Strategy Recommendation

Consider as an income-led BTL only if the stated tenancy, rent, arrears position and legal pack are satisfactory. Do not bid on a flip or BRRRR basis without verified condition, works costs and acquisition terms.

Works Required

No specific refurbishment works are evidenced. The property should be inspected and the legal pack, tenancy documentation and any disbursements reviewed before allowing for works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a base GDV of £109,600, 75% loan-to-value refinancing would be approximately £82,200. However, total acquisition and refurbishment cost cannot be established because condition and works costs are not supplied, and refinance terms are not guaranteed. The periodic tenancy and legal-pack requirements also need review.

Buy-to-Let Analysis

The stated passing rent is £6,000 annually, or £500 pcm. Against the £40,000–£60,000 guide range, this represents an indicative gross yield of approximately 10.0%–15.0%, with 12.0% using the £50,000 guide midpoint. This excludes the £1,800 administration charge, any disbursements, finance, tax, maintenance, voids and management. The periodic tenancy and rent should be verified before relying on the income.

Flip Analysis

The same-street sales support a broad indicative GDV range of £98,000–£135,000, with a £109,600 base case. A reliable flip surplus cannot be calculated because refurbishment costs, selling costs and the actual purchase price are not established. The existing tenancy may also affect possession and resale timing.

Investor Risks & Due Diligence

• The property is subject to a periodic tenancy, so possession, rent review and tenant compliance require legal-pack verification.

• The stated £6,000 annual rent is supplied property information and has not been supported by external rental comparables.

• Condition and refurbishment requirements are not evidenced, preventing a reliable total project cost or maximum bid calculation.

• Additional disbursements and other purchaser charges may be payable under the legal pack.

• The comparable sales show a wide £98,000–£135,000 range and have not been adjusted for condition, size or specification.

• A 75% GDV refinance is an indicative calculation only and is not a guaranteed lending outcome.

Recommendation

Consider as an income-led BTL only if the stated tenancy, rent, arrears position and legal pack are satisfactory. Do not bid on a flip or BRRRR basis without verified condition, works costs and acquisition terms.

Strategy Rating

Analysis Confidence

Completed same-street sales, stated rent, tenure and administration charge are available, but condition, tenancy detail, disbursements, external rental comparables and actual purchase price are not supplied.