No. 25 Deneside, Sacriston, Durham, County Durham, DH7 6DE

Description

Auction House North East are delighted to welcome this well-maintained three bedroom detached house on Deneside, Sacriston. The property offers well-proportioned accommodation and provides a good opportunity for a purchaser to modernise to their own preference or for an investor to add value.

Accommodation

Entrance hallway, spacious living accommodation, modern kitchen, large utility room and bathroom facilities. Upstairs, there are three well-sized bedrooms.

Location

Sacriston is a well-established village approximately four miles from Durham City, offering a range of local shops, schools, amenities and transport services. Durham City is readily accessible by road and the property also benefits from convenient access to the wider North East road network.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is 21 Deneside, a detached freehold property, sold for £160,000 on 10 January 2025. This provides a relevant but limited indication for the subject property. A base GDV of £160,000 is used, subject to the subject property's unknown tenure, condition and specification.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious owner-occupier or value-add purchase after inspection and legal-pack review. Do not underwrite BTL or a flip until rent, tenure, works and all auction costs are established.

Works Required

No specific defects or quantified works are evidenced. The description supports only potential modernisation to the purchaser's preference; scope and cost require inspection and legal-pack review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £127,000 guide, the known purchase price plus administration charge is £130,600 before any works and other possible fees. A 75% refinance against the £160,000 base GDV would be £120,000, but total project cost, cash requirement and equity cannot be calculated because refurbishment and additional costs are unsupported.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £3,600 administration charge is known, while other possible fees and refurbishment costs are not quantified.

Flip Analysis

Using the supplied £160,000 completed sale as base GDV, the guide price plus the known £3,600 administration charge totals £130,600 before works, selling costs and other possible fees. A reliable flip surplus cannot be calculated because works and selling allowances are not supplied.

Investor Risks & Due Diligence

• Subject tenure is stated only as being in the Legal Pack and has not been confirmed.

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

• The refurbishment scope and cost are not quantified despite the potential to modernise.

• Additional buyer, search, seller-cost reimbursement, legal, transfer and other disbursement fees may apply.

• The valuation indication relies on one supplied comparable only.

Recommendation

Proceed only as a cautious owner-occupier or value-add purchase after inspection and legal-pack review. Do not underwrite BTL or a flip until rent, tenure, works and all auction costs are established.

Strategy Rating

Analysis Confidence

There is one relevant completed sale, but the subject tenure, EPC, condition detail, rental evidence, refurbishment cost and several auction costs are unavailable.