63 Esher Place, Cramlington, Northumberland

Description

A three bedroom mid terrace house. Externally the property benefits from off road parking and a rear garden. In need of modernisation. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Kitchen. First Floor - Reception Room, Bedroom, WC. Second Floor - Two Bedrooms, Bathroom/WC.

Location

Cramlington is a town in the county of Northumberland. Located on Esher Place accessed off Eastbourne Gardens. A range of shopping amenities are available at Manor Walks Shopping Centre and within the centre of Cramlington (approximately 1.4 miles). The recreational amenities of Arcot Hall Grasslands and Ponds, Plessey Woods Country Park and Weetslade Country Park are nearby. Major road links via the A1. Transport Cramlington - Transpennine Express / northern.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is 75 Esher Place, a freehold terraced property sold for £57,000 on 21 January 2026. It provides a relevant local benchmark, but differences in condition, accommodation and sale circumstances are unknown. A base GDV of £57,000 is therefore used; supported low and high scenarios cannot be established.

Investment Snapshot

Strategy Recommendation

Potential low-cost BTL or refurbishment opportunity only subject to inspection, verified rental demand, full buyer-fee review and firm refurbishment quotations. Do not rely on the headline yield alone.

Works Required

Modernisation is required, but the supplied evidence does not identify specific defects or provide a works schedule. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £45,000 guide, 75% of the £57,000 base GDV would be £42,750. The refinance position cannot be assessed fully because refurbishment costs, buyer charges and finance costs are unavailable. The limited uplift over the guide also provides little evidenced margin before those costs.

Buy-to-Let Analysis

The advertised asking rent is £1,250 pcm, equivalent to £15,000 annually. Against the £45,000 guide, the indicative gross yield is 33.3%. This is not an achieved rent, and refurbishment costs, buyer fees, finance, maintenance, voids and management costs are not supplied, so an all-in BTL yield cannot be established.

Flip Analysis

The £57,000 completed sale on Esher Place supports the base GDV, but no supported refurbishment allowance, acquisition costs or selling allowance is available. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are unknown.

• The £1,250 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Only one comparable sale is supplied, and its condition and detailed specification are unknown.

• The buyer's fee and any seller charges or VAT treatment are not specified.

• No reliable maximum bid, all-in project cost or flip surplus can be calculated from the supplied evidence.

Recommendation

Potential low-cost BTL or refurbishment opportunity only subject to inspection, verified rental demand, full buyer-fee review and firm refurbishment quotations. Do not rely on the headline yield alone.

Strategy Rating

Analysis Confidence

Evidence includes one recent local completed sale, one advertised rental and basic property particulars, but lacks condition detail, refurbishment costs, buyer fees, council tax and achieved rental evidence.