10 Fairford Avenue, Leeds, West Yorkshire LS11 5EL

Description

This substantial three bedroom back to back terrace is now offered for sale with vacant possession via traditional auction. It requires modernisation throughout and is likely to make an ideal investment or first time purchase once the required works have been undertaken.

Accommodation

Cellar, living room and kitchen to the ground floor; bedroom and shower room to the first floor; two further bedrooms to the second floor. Small yard to the front.

Location

Located within the Beeston selective licensing area, with access to Leeds city centre approximately one mile to the north.

Tenure / Property Information

Investment Analysis

Same-street freehold terraced comparables range from £132,500 to £136,500 in 2023–2026, with an older £87,000 sale in 2021. A base GDV of £136,500 is adopted, subject to condition and specification differences not evidenced.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, survey and a fully costed refurbishment plan. Do not bid above a calculated residual limit.

Works Required

Modernisation throughout is required. The evidence supports reviewing and upgrading the existing accommodation, including the kitchen, shower room, finishes and general presentation, but no detailed schedule or cost estimate is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR exists based on the low guide relative to same-street sales, but refurbishment cost, total acquisition cost and achievable rent are unverified. The 75% base-GDV refinance indication is £102,375.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Modernisation costs are also unknown.

Flip Analysis

A resale case is suggested by same-street sales around £132,500–£136,500, but flip surplus cannot be calculated because works, legal costs, selling costs and other auction charges are unknown.

Investor Risks & Due Diligence

• Modernisation throughout is required, but no condition survey or refurbishment budget is supplied.

• No sufficiently specific rental evidence is available, preventing reliable yield analysis.

• Buyer/admin charges are subject to minimums and other legal, search, transfer and seller-cost reimbursements may apply.

• The property is within the Beeston selective licensing area; licensing requirements and costs are not provided.

Recommendation

Proceed only subject to legal-pack review, survey and a fully costed refurbishment plan. Do not bid above a calculated residual limit.

Strategy Rating

Analysis Confidence

Recent same-street sold comparables and the guide are available, but condition-specific valuation, refurbishment costs, rent and several transaction costs are unsupported.