4 Rodwell Street, Trimdon Station, County Durham, TS29 6DL

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Utility Room. First Floor: Three Bedrooms, Bathroom. Exterior: Rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Wingate Quarry are within easy reach. Transport links are provided by the A19.

Tenure / Property Information

Investment Analysis

The £25,000+ guide is broadly within the supplied same-street sold evidence, which ranges from £12,000 to £64,000. However, the comparables are different properties and their size, condition, specification and circumstances are not supplied. The £64,000 sale may indicate a higher-value outcome, but cannot be treated as a reliable GDV for this vacant house without further evidence. Market value and post-refurbishment GDV cannot therefore be established reliably.

Investment Snapshot

Strategy Recommendation

Treat as a speculative refurbishment opportunity only. Do not proceed beyond the guide without confirming condition, total acquisition costs, refurbishment scope and resale evidence through survey and legal-pack due diligence.

Works Required

The property is described as being in need of refurbishment, but no specific defects, specification or scope of works are provided. A survey and legal-pack review are required before estimating works. Known information supports only a general refurbishment assessment of the existing two reception rooms, kitchen, utility room, three bedrooms, bathroom and rear garden.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably. The purchase guide is £25,000+, with a known £1,800 administration charge, but refurbishment costs, achievable rent and refinance value are unsupported. Buyer premium and possible disbursements are also unspecified.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield cannot be calculated. The property is vacant and refurbishment costs are also unknown.

Flip Analysis

A flip appraisal cannot be completed because refurbishment costs and a reliable post-works GDV are unavailable. Same-street sales range from £12,000 to £64,000, but the supplied evidence does not establish a directly comparable finished value or selling allowance.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• Rental demand and achievable rent cannot be evidenced from the supplied information.

• Same-street sold prices vary materially from £12,000 to £64,000 and are not sufficiently detailed for a reliable valuation.

• Buyer premium and potential legal, search, transfer and seller-cost disbursements are unspecified.

• The £25,000 figure is only a guide and the final purchase price may be higher.

Recommendation

Treat as a speculative refurbishment opportunity only. Do not proceed beyond the guide without confirming condition, total acquisition costs, refurbishment scope and resale evidence through survey and legal-pack due diligence.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, accommodation, guide price, one known charge and several same-street sales, but lacks property-specific condition details, refurbishment costs, rental evidence, reliable GDV evidence and full auction costs.