57 Biddick Close, Stockton-On-Tees, County Durham

Description

A well-presented two-bedroom terraced home situated in the highly sought-after Elm Tree area of Stockton, ideally located for a range of local amenities, reputable schools and excellent transport links to Stockton Town Centre. The accommodation briefly comprises an entrance hall, spacious lounge and fitted kitchen to the ground floor. To the first floor are two well-proportioned bedrooms and a family bathroom accessed from the landing. Externally, the property benefits from an enclosed rear garden and a detached garage providing valuable off-road parking. Appealing to owner occupiers and investors alike, early viewing is highly recommended to fully appreciate the accommodation on offer.

Accommodation

Ground floor: entrance hall, lounge measuring 3.65m x 4.72m, kitchen measuring 3.70m x 3.53m. First floor: landing, bedroom one measuring 3.10m x 3.70m, bedroom two measuring 2.73m x 3.68m, bathroom. Enclosed rear garden and detached garage.

Location

Situated in the sought-after Elm Tree area of Stockton, close to local amenities, reputable schools and transport links to Stockton Town Centre.

Tenure / Property Information

Investment Analysis

Recent directly relevant sold evidence supports a value range of £120,000–£126,000: the subject sold for £120,000 in July 2023 and 69 Biddick Close sold for £126,000 in January 2025. A midpoint base GDV of £123,000 is used. The property is described as well-presented, but no refurbishment cost evidence or rental comparable is supplied.

Investment Snapshot

Strategy Recommendation

Potential owner-occupier purchase or cautious value-led acquisition, subject to legal-pack review and inspection. Do not rely on BTL returns without verified rent and do not assume the headline equity is net profit.

Works Required

No specific works are evidenced. Allow for inspection, routine maintenance and any remedial items identified during legal and physical due diligence; no quantified refurbishment allowance is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £123,000 base GDV, 75% refinance is approximately £92,250. Against the £88,360 purchase-and-known-cost basis, this indicates approximately £3,890 cash left in before finance, tax, works and other disbursements, assuming no works are required.

Buy-to-Let Analysis

BTL assessment cannot establish rent or yield because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The guide plus known buyer premium and admin charge totals £88,360 before any other disbursements, finance, tax or works.

Flip Analysis

The evidence-supported base GDV is £123,000 against £88,360 purchase plus known auction costs, implying £34,640 before selling costs, finance, tax, works and any other disbursements. A net flip surplus cannot be established because no selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No rental evidence, so BTL yield and cash flow cannot be assessed.

• Legal-pack disbursements and other special-condition costs are unknown.

• A 14-day completion timetable may require readily available funds.

• Physical condition is described positively but has not been independently inspected.

• Estimated equity and refinance figures exclude finance costs, tax, works and selling costs.

Recommendation

Potential owner-occupier purchase or cautious value-led acquisition, subject to legal-pack review and inspection. Do not rely on BTL returns without verified rent and do not assume the headline equity is net profit.

Strategy Rating

Analysis Confidence

Strong, directly relevant sold comparables and known auction charges are supplied, but rental evidence, condition costs, council tax, legal-pack disbursements and selling costs are missing.