10 Pennington Grove, Leeds, West Yorkshire

Description

This four bedroom back to back end terrace is offered for sale via traditional auction. The property does require renovation throughout but would make a great project or addition to a rental portfolio. Please note: a 14 day completion applies to this lot.

Accommodation

Lower Ground Floor: Bedroom and bathroom. Ground Floor: Lounge and kitchen. First Floor: Two bedrooms. Second Floor: Bedroom and bathroom. Externally: Yard to the front.

Location

Located in a prime position, a short walk to local shops, the open spaces of Woodhouse, and the universities and city centre beyond.

Tenure / Property Information

Investment Analysis

Same-street sold evidence ranges from £105,000 to £270,000, with the latest recorded sale at £270,000 on 15 August 2025. Bedroom count, condition and specification of the comparables are not supplied, so this is an indicative GDV only. A base scenario of £270,000 is used, with £158,333 low and £270,000 high evidence-based scenarios.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. Obtain inspection, refurbishment quotations, rental evidence and legal-pack review before considering a flip or rental strategy.

Works Required

Renovation throughout is stated. The specific works, specification and costs require inspection and review of the legal pack; no unsupported defects or allowances are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is incomplete because refurbishment costs, achievable rent, total project cost and finance costs are unsupported. At the £270,000 base GDV, 75% refinance is £202,500, but cash left in cannot be calculated without total cost.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Renovation costs are also unknown. The property is described as suitable for a rental portfolio, but this is not independent rental evidence.

Flip Analysis

A flip may have potential against the £270,000 latest same-street sale, but refurbishment costs, selling costs and the subject property's post-works specification are unknown. No reliable flip surplus can therefore be calculated.

Investor Risks & Due Diligence

• Renovation throughout is stated, but scope and cost are unknown.

• No sufficiently specific rental evidence or passing rent is supplied.

• Comparable sales have unknown bedroom counts, condition and specifications.

• Traditional auction requires 14-day completion.

• Buyer premium and administration charge apply, with possible additional legal-pack and seller-cost disbursements.

• The £270,000 GDV scenario relies on one latest same-street sale and is not a formal valuation.

Recommendation

Do not bid on current evidence alone. Obtain inspection, refurbishment quotations, rental evidence and legal-pack review before considering a flip or rental strategy.

Strategy Rating

Analysis Confidence

There is useful same-street sold evidence and a stated freehold tenure, but comparable specifications, condition, refurbishment costs, rent and full purchase costs are unavailable.