1 Lands Buildings, Ossett, West Yorkshire WF5 9NH

Description

This two bedroom through by light terrace with off street parking is offered for sale via traditional auction. The property is in good internal condition and would make a great addition to a rental portfolio.

Accommodation

Lower Ground Floor: Cellar. Ground Floor: Lounge/kitchen area. First Floor: Two bedrooms and bathroom.

Location

The property is well placed to local amenities including shops and schools with local bus routes nearby and good access to the motorway network.

Tenure / Property Information

Investment Analysis

Recent completed sales in the same building are £90,000 and £92,500, supporting a base GDV of £92,500. The £85,000 guide is below these comparables, before auction costs. Rental evidence ranges from £704 to £975 pcm, but is not directly location-matched and represents asking rents.

Investment Snapshot

Strategy Recommendation

Potential BTL purchase if bidding remains close to the guide and inspection confirms the stated good condition. Verify achievable local rent, EPC, legal-pack costs and special conditions before bidding.

Works Required

No specific refurbishment works are identified; the property is described as being in good internal condition. Allowance excludes any defects or works revealed by inspection or the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using a £92,500 base GDV, 75% refinance equates to £69,375. Against the guide, £2,100 admin, £360 searches and no identified works allowance, indicative cash left in is £18,085 before finance, tax and any undisclosed legal-pack costs. Refinance viability depends on lender valuation and mortgage terms.

Buy-to-Let Analysis

At the £85,000 guide, the supplied asking-rent range implies gross yields of approximately 9.94%–13.76%. Including the £2,100 minimum admin charge and £360 searches, the range is approximately 9.66%–13.38%. Rent evidence is limited and not directly matched to this property.

Flip Analysis

The £85,000 guide is below the £90,000–£92,500 completed-sale evidence. However, a reliable flip surplus cannot be established because selling costs, finance costs, tax and any undisclosed auction or legal-pack costs are unavailable.

Investor Risks & Due Diligence

• Additional seller legal costs, transfer fees or disbursements may be payable under the special conditions.

• Rental evidence is advertised asking rent and is not directly matched to the property location.

• EPC rating and heating information are unavailable.

• The stated condition has not been independently verified.

• Finance, tax, insurance and ongoing ownership costs are excluded from the calculations.

Recommendation

Potential BTL purchase if bidding remains close to the guide and inspection confirms the stated good condition. Verify achievable local rent, EPC, legal-pack costs and special conditions before bidding.

Strategy Rating

Analysis Confidence

Same-building completed sales provide useful value evidence, but rental comparability, EPC, heating, condition detail and additional auction costs are incomplete.