6, Chaytor Court, Darlington, County Durham, DL3 0XY

Description

Freehold mid terrace house

Accommodation

First floor: Three bedrooms, bathroom/wc. Ground floor: Reception room, kitchen, wc. Gardens.

Location

The property is located on Chaytor Court. Shopping amenities can be found locally within Darlington Town Centre. Public transport links are available at North Road (Darlington) Train Station and Darlington Train Station both lying to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A167 to the east and A1(M) to the north. Recreational pursuits can be found at Drinkfield Nature Reserve to the north.

Tenure / Property Information

Investment Analysis

Historical Land Registry evidence includes £82,000 for 2 Chaytor Court in 2018 and £84,000 for this property in 2006. The evidence is limited and dated, so £82,000 is used as an indicative base GDV, with a £75,000–£84,000 evidence range rather than a current formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and legal review. At the guide, the evidence supports cautious consideration as a rental, but not a defined flip or BRRRR project without verified condition, costs and achievable rent.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and confirm heating, parking, condition, kitchen, bathroom, windows and services before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £80,000 guide, adding the known £1,800 administration charge gives £81,800 before any works or other seller charges. A 75% refinance against the indicative £82,000 GDV would be £61,500. Cash required cannot be reliably calculated because refurbishment, seller charges, finance costs and other purchase costs are unknown.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £425 pcm, equivalent to £5,100 annually. This produces an indicative 6.38% gross yield against the £80,000 guide, before the £1,800 buyer administration charge, refurbishment, finance, management, maintenance and voids. Achieved rent and total project cost are unverified.

Flip Analysis

The indicative £82,000 GDV provides little apparent headroom over the £80,000 guide before the £1,800 administration charge, works, selling costs, finance and any seller fees. A reliable flip surplus and maximum bid cannot be calculated because condition, works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Comparable sales evidence is dated, with the latest supplied sale from 2018.

• The £425 pcm figure is an advertised asking rent, not an achieved or passing rent.

• No condition survey or refurbishment cost evidence is supplied.

• Heating and parking information require confirmation.

• The £1,800 administration charge applies, and additional seller fees may be payable under the special conditions.

• Finance, tax, maintenance, management, voids and selling costs are not provided.

Recommendation

Proceed only after inspection and legal review. At the guide, the evidence supports cautious consideration as a rental, but not a defined flip or BRRRR project without verified condition, costs and achievable rent.

Strategy Rating

Analysis Confidence

Property size, tenure, EPC and guide are supplied, but comparable sales are mostly historic, rent is a single advertised asking figure, and condition, works, parking, heating and seller charges are unconfirmed.