40 Bede House Castle Green, Sunderland, Tyne and Wear, SR3 3HL

Description

A vacant, ground-floor one-bedroom flat with a separate kitchen, useful storage and a lounge with doors opening to the outside, offering an opportunity for homeowners and investors alike.

Accommodation

Entrance hall with two useful storage cupboards, double bedroom, separate fitted kitchen, bathroom with bath, wash basin and WC, and lounge providing space for seating and dining with glazed doors opening to the outside.

Tenure / Property Information

Investment Analysis

The five supplied completed sales are all in Bede House and range from £33,000 to £46,000, with a simple average of £37,600. As no specific bedroom, floor, condition or date-adjustment evidence is supplied, £37,600 is used as an indicative base GDV, with £33,000 low and £46,000 high scenarios. These are evidence-based estimates, not formal valuations.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory legal, lease and condition due diligence. A low-entry resale strategy may be possible if acquired materially below the supported GDV range, but the absence of works, rent and full-fee evidence prevents a firm bid recommendation.

Works Required

No refurbishment defects or costed works are evidenced. Arrange a full inspection and verify the condition of the kitchen, bathroom, flooring, decoration, windows, external doors and services before bidding. Any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative base GDV, 75% refinance is £28,200. However, refurbishment costs, legal/transfer/search charges, lease details and rent are unknown, so total project cost and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £3,600 administration charge and other potentially payable charges would also need to be included in the acquisition appraisal.

Flip Analysis

The completed sales support an indicative resale range of £33,000 to £46,000, with a £37,600 base. A flip surplus cannot be calculated because works, acquisition costs beyond the stated £3,600 administration charge and selling costs are not sufficiently supported.

Investor Risks & Due Diligence

• Lease term and other lease provisions are not supplied.

• Property condition and refurbishment cost are unknown.

• No sufficiently specific rental evidence is available.

• The stated £3,600 administration charge is payable, with other possible search, seller, legal, transfer, buyer premium and disbursement charges also noted.

• Comparable sale prices range materially from £33,000 to £46,000 and may not reflect this flat's exact condition or attributes.

Recommendation

Proceed only subject to satisfactory legal, lease and condition due diligence. A low-entry resale strategy may be possible if acquired materially below the supported GDV range, but the absence of works, rent and full-fee evidence prevents a firm bid recommendation.

Strategy Rating

Analysis Confidence

The property-specific completed sales provide useful GDV evidence, but lease information, condition, refurbishment costs, rent, council charges and several acquisition or disposal costs are missing.