4A Bishop Street, Middlesbrough, Cleveland, TS5 4AT

Description

Auction House presents this two bedroom mid terrace house located in Middlesbrough and offered to the market via online auction. The property comprises a brief entrance hallway leading to a lounge, kitchen, two double bedrooms, a family bathroom, and a rear garden. The property is being sold with vacant possession and is close to a range of local amenities and transport links. Viewings by request.

Accommodation

Brief entrance hallway, lounge, kitchen, two double bedrooms, family bathroom and rear garden.

Location

Located in Middlesbrough, close to a range of local amenities and transport links.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property, 4A Bishop Street, sold for £75,000 on 7 July 2025. Other same-street freehold terraced sales range from £50,000 to £67,000 between 2021 and 2022. A base GDV of £75,000 is supported by the most recent identical-address sale, with £65,000 as a cautious lower scenario. Condition, specification changes and current market movement are not evidenced.

Investment Snapshot

Strategy Recommendation

Do not bid on yield assumptions. Consider only a tightly controlled purchase after viewing and legal review, with a full allowance for unknown condition, works and additional auction charges. The evidence currently offers limited resale headroom and no rental support.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing and survey to assess the kitchen, bathroom, services, EPC-related works and general condition before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £75,000 base GDV, 75% refinance is approximately £56,250. A BRRR assessment cannot be completed because the purchase price, refurbishment cost, rent and total project costs are not sufficiently established. At the upper £65,000 guide, the known price plus administration charge already exceeds the indicated refinance figure before works and other costs.

Buy-to-Let Analysis

BTL viability cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The property is vacant and the £3,600 administration charge is known, but works, finance, operating costs and other possible auction charges are not.

Flip Analysis

The recent identical-address sale supports a £75,000 resale benchmark. Buying at the upper £65,000 guide would leave only £6,400 between the guide price plus the known £3,600 administration charge and the £75,000 benchmark, before works, finance, selling costs, taxes and other auction charges. A reliable flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Current condition and required works are unknown.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• The £75,000 comparable is a completed sale but may not reflect the property's current condition or market position.

• Additional search, seller, legal, transfer, buyer premium and disbursement charges may apply.

• EPC rating E may require assessment of potential improvement costs.

• The property is vacant, so there is no passing rent to validate income assumptions.

Recommendation

Do not bid on yield assumptions. Consider only a tightly controlled purchase after viewing and legal review, with a full allowance for unknown condition, works and additional auction charges. The evidence currently offers limited resale headroom and no rental support.

Strategy Rating

Analysis Confidence

The identical-address 2025 sale and several same-street completed sales provide useful market evidence, but there is no rental evidence, no condition assessment, no refurbishment budget and no complete schedule of auction costs.