138 Lower Oxford Street, Castleford, West Yorkshire

Description

This very spacious four bedroom through terrace with rear yard is offered for sale via traditional auction. The property has recently been modernised, including a new boiler and attic bedroom being completed in line with building regulations, making this a great addition to a rental portfolio.

Accommodation

Ground Floor: Lounge, dining room and kitchen. First Floor: Three bedrooms and a bathroom. Second Floor: Further bedroom with en-suite. Externally: Rear yard.

Location

The property is within walking distance from the centre of town, which offers restaurants, bars, cafes and shops. There are direct links to the M62 national motorway network, and bus and train stations are nearby with regular routes to the city of Leeds.

Tenure / Property Information

Investment Analysis

Nearby completed sales range from £108,000 to £160,000, including £160,000 for No. 133 in August 2025. The subject sold for £100,000 in June 2023 and is described as recently modernised with a new boiler and attic bedroom. An estimated GDV range of £120,000–£160,000 is supportable, with £150,000 as a base estimate, subject to confirming the attic works and legal compliance.

Investment Snapshot

Strategy Recommendation

BTL appears the most supportable strategy, subject to confirming the £1,650 rent, attic compliance and legal-pack costs. Do not rely on the apparent yield without validating actual achievable rent and total costs.

Works Required

Complete or verify the attic bedroom and en-suite works, including building-regulation documentation. The property is stated to have been recently modernised; no further quantified works are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £150,000 base GDV, a 75% refinance would be approximately £112,500. A reliable cash-left-in or equity calculation cannot be completed because refurbishment costs and total project costs are not quantified.

Buy-to-Let Analysis

At the advertised asking rent of £1,650 pcm, annual rent is £19,800 and gross yield on the £120,000 guide is 16.5%. This is based on one advertised asking rent, not an achieved or passing rent, and excludes finance, management, maintenance, voids and auction costs.

Flip Analysis

The base GDV is estimated at £150,000, supported by nearby sales including £160,000 in 2025. Flip surplus cannot be established because refurbishment costs, selling costs and total project costs are unavailable.

Investor Risks & Due Diligence

• The £1,650 pcm figure is an advertised asking rent rather than achieved or passing rent.

• The attic bedroom is described as being completed in line with building regulations; documentation and completion status should be verified.

• Refurbishment costs are not quantified.

• Buyer fees, searches and possible disbursements reduce returns.

• GDV remains uncertain because the comparable sales vary materially in price and date.

Recommendation

BTL appears the most supportable strategy, subject to confirming the £1,650 rent, attic compliance and legal-pack costs. Do not rely on the apparent yield without validating actual achievable rent and total costs.

Strategy Rating

Analysis Confidence

There are several recent local sold comparables and one rental listing, but no achieved rent, detailed condition survey, quantified works budget or complete auction costs.