57 Peel Street, Thornaby, Stockton-On-Tees, North Yorkshire TS17 6JN

Description

The house overlooks Victoria Park, Thornaby Station 0.5 miles. The house is boarded, there will be no viewings prior to completion. We are advised the property requires a complete programme of refurbishment. The sale will take place by way of Live streamed auction and is being sold under the Unconditional sale type. Binding contracts will be exchanged at the point of sale.

Accommodation

Ground Floor: Entrance hall, through lounge / dining room, kitchen, bathroom. First Floor: Landing, 3 bedrooms. Outside: Rear yard.

Location

The house overlooks Victoria Park. Thornaby Station is 0.5 miles away.

Investment Analysis

The strongest evidence is the same-street sale of 61 Peel Street for £64,300 in June 2026. Earlier sales on Peel Street range from £55,000 to £57,399, while the subject sold for £78,000 in 2008. A base GDV of £64,300 is used, with a low scenario of £57,399 and high scenario of £78,000. These are indicative only: the property is boarded, requires complete refurbishment, cannot be viewed before completion, and no floor area, tenure or detailed condition evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining robust refurbishment and finance estimates. The evidence does not support a firm BTL or flip bid; any offer should be subject to a substantial contingency for unknown works and special-condition costs.

Works Required

The auction description supports allowing for a complete refurbishment programme. Specific works, condition, structural issues, services, kitchen, bathroom, heating and electrical requirements cannot be established from the supplied evidence because the property is boarded and there are no pre-completion viewings.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £64,300 base GDV, 75% refinance is £48,225. Against the £25,600 acquisition cost before refurbishment and finance, the indicative surplus is £22,625 before those excluded costs. This is not a reliable BRRR assessment because refurbishment costs, rent, tenure, finance costs and additional auction fees are unknown, and the property cannot be viewed before completion.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £25,600 base acquisition figure includes the £22,000 guide price and the £3,600 minimum buyer premium, but excludes refurbishment, finance, tax and any special-condition fees.

Flip Analysis

A £64,300 base GDV suggests substantial headline value above the £22,000 guide, but no supported refurbishment allowance or selling-cost allowance is available. Consequently, a reliable flip surplus and maximum bid cannot be calculated. The boarded condition and complete-refurbishment requirement create significant cost uncertainty.

Investor Risks & Due Diligence

• The property is boarded and no viewings are available before completion.

• The auctioneer advises that a complete refurbishment programme is required, but the scope and cost are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Tenure and lease information are not supplied.

• The sale is unconditional and binding contracts exchange at the point of sale.

• Additional fees may be listed in the Special Conditions of Sale.

• The minimum buyer premium of £3,600 materially exceeds 1.8% of the £22,000 guide price.

Recommendation

Proceed only after reviewing the legal pack and obtaining robust refurbishment and finance estimates. The evidence does not support a firm BTL or flip bid; any offer should be subject to a substantial contingency for unknown works and special-condition costs.

Strategy Rating

Analysis Confidence

There is one recent same-street comparable and several historical sales, but no viewing, detailed condition report, floor area, tenure, rent, refurbishment cost, EPC, council tax or complete fee information.