9, Castlereagh Close, Newton Aycliffe, County Durham, DL5 5NB

Description

Freehold mid terrace house

Accommodation

First floor: Two bedrooms, bathroom. Ground floor: Reception room, kitchen. Outside: Garden.

Location

The property is located on Castlereagh Close. Shopping amenities are available locally within Newton Aycliffe Town Centre with a more comprehensive range of shops, bars and restaurants found within Durham City Centre lying to the north. Public transport links are available at Newton Aycliffe Train Station located to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A167 and the A1 (M) both lying to the east. Recreational pursuits can be found locally.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales from August 2025 to August 2026 range from £85,000 to £95,000. The three latest sales average approximately £89,667, supporting a base GDV estimate of £90,000, with a low/high evidence range of £85,000–£95,000. The £68,000 sale of this property in 2020 is older and less relevant to current value.

Investment Snapshot

Strategy Recommendation

Potentially suitable for buy-to-let at the guide, subject to confirming condition, achievable rent, all auction charges and legal matters. Do not set a maximum bid until refurbishment and seller costs are known.

Works Required

No condition or improvement requirements are supplied. A full inspection and review of heating, parking and legal documentation are required before specifying or costing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known purchase price plus the £1,800 buyer documentation fee is £56,800 before works and any seller charges. A 75% refinance against the £90,000 base GDV would be approximately £67,500, but cash left in cannot be calculated reliably because refurbishment costs, finance costs and other completion charges are unknown.

Buy-to-Let Analysis

Advertised two-bedroom rents of £650–£685 pcm imply annual rent of £7,800–£8,220 and a gross yield of approximately 14.18%–14.95% against the £55,000 guide. This is before the £1,800 contract documentation fee, any seller charges, finance, management, maintenance, voids and tax. Achieved rent is unconfirmed because the evidence is asking-rent data.

Flip Analysis

The evidence-supported base GDV is approximately £90,000, with a range of £85,000–£95,000. A reliable flip surplus cannot be calculated because condition, refurbishment costs, selling costs and any finance costs are not supplied. The £1,800 documentation fee and potentially applicable seller charges also reduce the margin.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not provided.

• Rental evidence comprises advertised asking rents rather than achieved rents.

• A £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

• Additional seller charges may apply under the Special Conditions of Sale.

• Parking and heating details require confirmation from the auction centre.

• Selling, finance, management, maintenance and void costs are not supplied.

Recommendation

Potentially suitable for buy-to-let at the guide, subject to confirming condition, achievable rent, all auction charges and legal matters. Do not set a maximum bid until refurbishment and seller costs are known.

Strategy Rating

Analysis Confidence

Strong evidence exists for same-street completed sales, guide price and asking rents, but condition, refurbishment costs, achieved rent, parking, heating, seller charges and full special conditions are unavailable.