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49 Queen Street, Grange Villa, Chester Le Street, Durham
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Two-Bedroom Freehold Terraced House
49 Queen Street, Grange Villa, Chester Le Street, Durham
Sold Prior
• 2 Bedrooms
• Terraced House
• Freehold
• Vacant
• Current Rating C
Description
A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors.
Accommodation
Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a rear garden.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Riverside Park are within easy reach. Transport links are provided by Chester-le-Street rail station.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
EPC |
Current Rating C |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
Five completed sales on the same street range from £26,000 to £50,000, with four sales between £36,000 and £50,000. A provisional base GDV of £40,000 is supported by the comparable evidence, but the subject's refurbishment requirement and the unknown condition of the comparables create uncertainty. No auction guide price has been supplied.
Investment Snapshot
HB Estimated GDV |
£40,000 |
Estimated Monthly Rent |
£450 – £600 pcm |
Strategy Recommendation
Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and establishing a maximum purchase price that leaves adequate margin below the provisional GDV.
Works Required
General refurbishment is stated, but no itemised defects or scope are provided. Any works should be confirmed by inspection and the legal pack before bidding; no refurbishment cost can be supported from the evidence.
Rental & Market Context
HB Estimated Market Rent |
£450 – £600 pcm |
|
2 bed terraced house to rent Queen Street, Grange Villa, Chester le Street DH2 — 2 bed — — Advertised asking rent |
£450 pcm |
|
Property to rent in DH2 | Placebuzz — 2 bed — — Advertised asking rent |
£600 pcm |
|
2 Bedroom houses to rent in Chester Le Street | PrimeLocation — 2 bed — — Advertised asking rent |
£600 pcm |
|
2 Bedroom houses to rent in DH2 - Zoopla — 2 bed — — Advertised asking rent |
£600 pcm |
|
2 Bed Properties To Rent In Dh2 | OnTheMarket — 2 bed — — Advertised asking rent |
£600 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
55, Queen Street, Grange Villa, Chester Le Street, County Durham, Dh2 3lu |
£36,000 |
|
5, Queen Street, Grange Villa, Chester Le Street, County Durham, Dh2 3lu |
£50,000 |
|
37, Queen Street, Grange Villa, Chester Le Street, County Durham, Dh2 3lu |
£39,999 |
|
53, Queen Street, Grange Villa, Chester Le Street, County Durham, Dh2 3lu |
£26,000 |
|
39, Queen Street, Grange Villa, Chester Le Street, County Durham, Dh2 3lu |
£47,000 |
Potential BRRR Position
Base GDV |
£40,000 |
75% Refinance |
£30,000 |
A provisional £40,000 base GDV implies 75% refinancing of £30,000. The purchase price, works cost and other acquisition costs are unavailable, so total project funding, equity requirement and cash left in cannot be calculated.
Buy-to-Let Analysis
Advertised rental evidence ranges from £450 to £600 pcm, equivalent to £5,400–£7,200 annually, but these are asking rents rather than achieved rents. Yield cannot be established because no purchase price, guide price or refurbishment budget is supplied.
Flip Analysis
The completed-sale evidence supports a broad resale range of £26,000–£50,000 and a provisional £40,000 base GDV. A flip surplus cannot be calculated because the purchase price, refurbishment cost and selling allowance are not supplied.
Investor Risks & Due Diligence
• No auction guide price or purchase price is provided, preventing bid, total-cost and yield calculations.
• The property is vacant and stated to need refurbishment, but the condition and scope of works are unknown.
• Comparable sale prices vary materially from £26,000 to £50,000.
• Rental figures are advertised asking rents, not achieved or passing rents.
• Special Conditions may contain additional search, seller, legal, transfer or disbursement charges.
• Refinance value and loan availability are not guaranteed by the indicative 75% GDV calculation.
Recommendation
Proceed only after reviewing the legal pack, inspecting the refurbishment requirement and establishing a maximum purchase price that leaves adequate margin below the provisional GDV.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
There is useful same-street sold evidence and rental asking evidence, but the auction guide, purchase price, works scope, works costs and several property-cost details are missing.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
200
Property Location:
49 Queen Street, Grange Villa, Chester Le Street, Durham
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