10 Moor Crescent Chase, Leeds, West Yorkshire LS11 5UL

Description

This two bedroom through terrace with front and rear gardens is offered for sale via traditional auction. The property would benefit from internal renovation but would make a great project or addition to a rental portfolio. Please note the property is of a non-standard construction, interested parties are advised to do their own research in this regard.

Accommodation

Ground Floor: Lounge and kitchen. First Floor: Two bedrooms and a bathroom. Externally: Gardens to the front and rear.

Location

Situated within the selective licensing area of Beeston, within close proximity to motorway links such as the M62 and M1 this makes an attractive purchase for the commuter. Good local primary and secondary schools are also close by.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £78,000 to £127,500. The latest supplied comparable sold for £127,500 in August 2024, but property condition and non-standard construction create uncertainty. A base GDV of £110,000 is used, with a cautious £90,000–£127,500 evidence-based range.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory non-standard construction and legal-pack due diligence; refurbishment resale appears more assessable than BTL, but neither is underwritten without works and rent evidence.

Works Required

Internal renovation, subject to inspection and survey. No specific defects or quantified works are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £75,000 guide, known stated charges include the £2,100 minimum admin charge and £360 searches, before refurbishment and other possible disbursements. A 75% refinance of the base GDV indicates £82,500, but total project cost and cash released cannot be calculated without works and finance costs.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Selective licensing and non-standard construction require investigation.

Flip Analysis

Potential resale value is supported by same-street sales, with a base GDV estimate of £110,000. Flip profitability cannot be established because refurbishment and selling costs are unquantified.

Investor Risks & Due Diligence

• Non-standard construction may affect mortgageability, insurance and resale.

• The property requires internal renovation, but no quantified works scope is supplied.

• No sufficiently specific rental evidence is available.

• Selective licensing applies in Beeston.

• Additional legal, transfer, seller-cost reimbursement and disbursement charges may arise.

Recommendation

Proceed only subject to satisfactory non-standard construction and legal-pack due diligence; refurbishment resale appears more assessable than BTL, but neither is underwritten without works and rent evidence.

Strategy Rating

Analysis Confidence

Same-street completed sales are available, but condition, construction details, rental evidence, refurbishment costs and full acquisition costs are incomplete.