8 Brusselton Court, Stockton-On-Tees, Cleveland, TS18 3AN

Description

A two-bedroom flat presenting an excellent opportunity for buyers seeking a property with scope for refurbishment and value enhancement. Requiring a programme of improvement, the property is well suited to owner occupiers, investors, or developers looking to modernise and maximise its potential. The accommodation briefly comprises a lounge, kitchen, two bedrooms and a bathroom. Situated within easy reach of local amenities, schools, shopping facilities and transport links, the property is conveniently positioned for access to surrounding areas and commuter routes. Auction House North Yorkshire and Tees Valley have not gained access to the property at the time of marketing and details have been provided by the seller. We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. We ask all parties to complete full due-diligence on any auction property by reading a full pack prior to bidding. Come auction day (7th September), you must be in a position to legally exchange contracts at the fall of the gavel, a 10% deposit (£5,000 min) is required and completion is set for 14 days later. You must be registered to bid, Please note that previous purchases, interest or registration through the Auction House Brand are not valid for a forthcoming auction and therefore you MUST register your interest with the office on 01642 931060. Please also note that holding an EIgroup account will not give you bidding authorisation, this authorisation can only be granted via the Tees Valley branch once all forms, documentation and completed ID checks have been received at teesvalley@auctionhouse.co.uk. for any further assistance, please do not hesitate to contact us in the office. Accommodation Lounge - 4.60m x 3.07m Kitchen - 2.74m x 2.44m Bedroom One - 5.18m x 2.44m Bedroom Two -2.46m x 2.13m Bathroom Auctioneers Notes Property construction – Standard Electricity supply – Mains Water supply – Mains Sewerage – Mains Heating – Mains Broadband –Standard Speed – 16 mbps Mobile signal / coverage –EE/Three–Very Good/ Vodafone/O2 – Good Parking – Allocated Building Safety – See Legal Pack- Restrictions – Yes – LEASEHOLD - See Legal Pack Rights and easements - See Legal Pack Flood risk – Very Low Coastal erosion – Very Low Planning permission – See Legal Pack- Accessibility / adaptions – See Legal Pack Coalfield or mining area - See Legal Pack Tenure: Leasehold Lease Details: 125 years from 1.1.2006 EPC Rating: B

Accommodation

The supplied particulars indicate approximately 2 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Stockton-On-Tees, Cleveland. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Kitchen and bathroom modernisation review

• Electrical/heating testing and upgrades

• Decoration and flooring

• Roof, damp and structural inspection

• Review service charge and major-works liabilities

• Commercial compliance and fit-out/re-letting review

Rental & Market Context

HB screening rent is approximately £200–£250 pcm (£2,400–£3,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £26,250–£32,250 against purchase + works of approximately £42,000–£55,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-20,000–£1,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Confirm lease term, ground rent, service charge and major works

• Review commercial lease/covenant, use class and rates/VAT position

Recommendation

Initial recommendation: Mixed-Use Investment. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• BRRR: ★★★★☆

• Flip: ★★★★☆

• Buy-to-Let: ★★★☆☆