64 Braithwaite Road, Peterlee, County Durham, SR8 5LE

Description

Available at auction is this three bedroom end terraced property in Peterlee. The property is understood to offer a generous living area, a large kitchen, three bedrooms and a bathroom. Externally, the property benefits from an enclosed rear garden. Conveniently located close to local shops, schools and public transport links, with easy access to the A19 providing road connections to Sunderland, Durham and Hartlepool. The property is unsafe to enter and internal viewings are not possible. There is also no current EPC available, as the property's unsafe condition prevents an assessment from being carried out.

Accommodation

Generous living area, large kitchen, three bedrooms and a bathroom. Enclosed rear garden.

Location

Peterlee, close to local shops, schools and public transport links, with easy access to the A19 providing road connections to Sunderland, Durham and Hartlepool.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is 47 Braithwaite Road, a terraced property sold for £46,000 in March 2024. Other supplied sales range from £43,000 to £52,500, but the older transactions are less directly indicative. An indicative base GDV of £46,000 is used, with a broad evidence-based range of £43,000 to £52,500. This is highly uncertain because the subject property is unsafe to enter, its internal condition cannot be inspected, bedroom comparability is not confirmed for the sales, and the extent of required works is unknown. The £27,000 guide plus the known £3,600 administration charge is £30,600 before any buyer premium, legal, search, transfer, disbursement or other special-condition costs.

Investment Snapshot

Strategy Recommendation

Do not bid without a full legal-pack review, specialist inspection or suitable structural/making-safe assessment, and a confirmed works budget. Proceed only if the purchase price leaves a substantial contingency against the unknown condition and additional auction costs.

Works Required

The property must be professionally assessed before purchase because it is unsafe to enter. Any making-safe, structural, repair, services, kitchen, bathroom, decoration and EPC-related works should be specified and priced only after suitable inspection and review of the legal pack. No reliable refurbishment allowance can be established from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably. The indicative base GDV is £46,000, giving a theoretical 75% refinance figure of £34,500, but refurbishment costs, total acquisition costs, rent, lenderability and EPC position are unknown. The known £3,600 administration charge and potentially payable additional fees must also be allowed for.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The unsafe condition, unavailable EPC and unknown works further prevent reliable BTL underwriting.

Flip Analysis

A flip case cannot be reliably quantified because the property is unsafe to enter and no refurbishment scope or cost is available. The indicative £46,000 base GDV is supported by the March 2024 same-road sale, but no selling-cost allowance or reliable total project cost can be calculated. Estimated flip surplus is therefore unsupported.

Investor Risks & Due Diligence

• The property is unsafe to enter and internal condition cannot be inspected.

• The extent and cost of required works are unknown.

• No current EPC is available.

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

• Tenure details are only stated to be in the legal pack.

• A non-refundable £3,600 administration charge applies, with possible buyer premium, search, legal, transfer, disbursement and other special-condition costs.

Recommendation

Do not bid without a full legal-pack review, specialist inspection or suitable structural/making-safe assessment, and a confirmed works budget. Proceed only if the purchase price leaves a substantial contingency against the unknown condition and additional auction costs.

Strategy Rating

Analysis Confidence

There is some same-road completed-sale evidence and a known guide price, but the property is unsafe to enter, there is no EPC, no rental evidence, no refurbishment cost evidence, no confirmed tenure details and potentially material additional auction fees.