9 Firwood Terrace, Ferryhill

Description

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen. Yard at Rear.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen. Yard at Rear.

Location

Situated on Firwood Terrace, close to the amenities available in Ferryhill Town Centre. Hardwick Park is also nearby.

Tenure / Property Information

Investment Analysis

Recent completed sales on Firwood Terrace range from £20,000 to £57,000. The subject property itself sold for £20,000 on 30 July 2026, while other nearby sales were £39,999, £50,000, £53,500 and £57,000. Given the stated need for modernisation and the wide comparable range, a cautious base GDV of £40,000 is used, with low and high scenarios based on the observed £20,000–£57,000 evidence range.

Investment Snapshot

Strategy Recommendation

Potential low-cost refurbishment and resale opportunity, but only pursue after confirming the legal pack, condition and full works budget. Do not rely on BTL or BRRRR returns until rent and refurbishment costs are evidenced.

Works Required

Modernisation of the existing three-bedroom terraced house, including the kitchen, bathroom/WC and general internal finishes. The evidence does not specify the extent of required works, so no detailed scope or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £10,000 guide, the stated buyer premium would be £1,500 inclusive of VAT, subject to the final purchase price and applicable conditions. A 75% refinance of the £40,000 base GDV indicates £30,000 gross refinancing capacity, but refurbishment cost, total project cost and cash left in cannot be calculated from the evidence.

Buy-to-Let Analysis

BTL performance cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant and requires modernisation, so rental income and operating costs remain unquantified.

Flip Analysis

The comparable evidence supports a broad resale value range of £20,000–£57,000, with a £40,000 base GDV. A flip surplus cannot be calculated because the modernisation cost, seller fees and total project cost are unknown.

Investor Risks & Due Diligence

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

• Same-street completed sales range widely from £20,000 to £57,000, creating material GDV uncertainty.

• No sufficiently specific rental evidence is available, so rental yield cannot be assessed.

• The seller may charge additional completion fees under the special conditions, but the amount is not provided.

• The stated buyer premium is £1,500 inclusive of VAT at a £10,000 purchase price, subject to the auction terms.

Recommendation

Potential low-cost refurbishment and resale opportunity, but only pursue after confirming the legal pack, condition and full works budget. Do not rely on BTL or BRRRR returns until rent and refurbishment costs are evidenced.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and a clear property description, but the comparable values vary substantially and there is no rental evidence or quantified refurbishment information.