No. 26 Waterloo Court, Washington, Tyne And Wear

Description

A tenanted one-bedroom flat situated within Waterloo Court, Washington, providing an opportunity for an investor to acquire an income-producing residential asset at an attractive entry price. The accommodation comprises an entrance hallway, living room, kitchen, bedroom and bathroom, with the property benefiting from its established residential setting.

Accommodation

Entrance hallway, living room, kitchen, bedroom and bathroom

Location

Located within easy reach of Washington town centre and a range of local shops, amenities, schools and transport links, with convenient road connections to Sunderland, Newcastle upon Tyne and surrounding areas.

Tenure / Property Information

Investment Analysis

Five completed sales in Waterloo Court range from £15,000 to £39,000. The dispersion is material and the subject's tenure, lease terms, condition and tenancy details are not supplied. A provisional base GDV of £30,000 is supported by the comparable evidence, with £15,000 low and £39,000 high scenarios, but this is low-confidence and not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional investor purchase after verifying the tenancy, rent, lease, legal-pack obligations and physical condition. Do not rely on the provisional GDV or refinance calculation when setting a bid.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing, tenancy information and legal-pack details before budgeting works; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £30,000 base GDV, 75% refinance is £22,500. Against the £20,600 guide-price-plus-known-admin-cost basis, this indicates £1,900 cash released before finance, tax, works and other costs. Refinance is not assured and the calculation excludes unknown refurbishment and other auction costs.

Buy-to-Let Analysis

The property is described as tenanted, but no passing rent or reliable rental evidence is supplied. Rental income and yield therefore cannot be established. At the £17,000 guide, the known purchase cost including the £3,600 admin charge is £20,600, before any additional special-condition fees, finance, tax or maintenance.

Flip Analysis

The provisional base GDV of £30,000 exceeds the £20,600 guide-price-plus-known-admin-cost basis by £9,400 before selling costs, finance, tax and works. No supported selling-cost allowance or works budget is available, so a formal flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Tenure and lease terms are stated to be in the legal pack but have not been supplied.

• No passing rent, tenancy terms or sufficiently specific rental evidence is available.

• Physical condition and any required refurbishment are unknown.

• The £3,600 admin charge is known, but additional special-condition fees may apply.

• Comparable sale values in the same court range widely from £15,000 to £39,000, creating material valuation uncertainty.

• The property is tenanted, so possession, tenancy compliance and access for inspection require verification.

Recommendation

Proceed only as a conditional investor purchase after verifying the tenancy, rent, lease, legal-pack obligations and physical condition. Do not rely on the provisional GDV or refinance calculation when setting a bid.

Strategy Rating

Analysis Confidence

There are five same-development completed sales and a stated guide price, but the comparable values vary widely and there is no rent, lease detail, condition evidence, EPC, or complete fee information.