14 Green Head Road, Keighley, West Yorkshire BD20 6EA

Description

Description A substantial six bedroom detached residential property arranged over four floors, occupying a generous plot with gardens to both the front and rear.

The property provides extensive and versatile accommodation and presents an opportunity for an owner-occupier, investor or developer to undertake the necessary works and realise the property's potential. The lower ground floor comprises two rooms, both accessed directly from the rear garden.

The ground floor provides a hallway, lounge, kitchen/dining room, WC with shower and a further lounge area, with access to the rear garden. The first floor comprises six bedrooms, a WC, bathroom with shower bath and WC, together with a useful storage room.

The second floor provides two further rooms, one of which benefits from a separate WC. The property benefits from double glazing and central heating throughout. Externally, the property has gardens to both the front and rear.

The front garden provides access for off-road parking, whilst the rear garden is accessible from both the lower ground and ground floors.

The property is also subject to a Planning Enforcement Notice relating to the construction of the dwelling, which requires the unauthorised works to be addressed in accordance with the terms of the notice.

Interested parties are strongly advised to review the enforcement notice, planning permission and associated information provided within the legal and planning documentation prior to bidding.

Subject to the required works and planning position, the property's substantial accommodation, detached nature, gardens and off-road parking provide scope to create a sizeable family home or investment property. The property is in the Utley area.

Keighley town centre is approximately a mile to the south of the property. Keighley is a market town in West Yorkshire.

It is approximately eight miles to the north west of Bradford city centre, 4 miles to the north west of Bingley, 10 miles to the north of Halifax and 7 miles to the south east of Skipton.

The property is within a short distance from the A629 which links to Bradford City Centre to the South and Skipton to the north. Tenure Freehold

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• 16 Green Head Road – 3-bed detached – sold Feb 2025 £250,000

• 8 Green Head Road – 2-bed detached – sold Jul 2020 £199,950

• 2 Green Head Road – detached – sold Sep 2021 £170,000

HB estimated GDV: £216,000 low / £235,000 base / £254,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Rental Value

Working market rent is approximately £1,518 pcm (£18,212 pa). For scenario testing, use roughly £1,396 / £1,518 / £1,639 pcm for low/base/high cases. This is an indicative market-rent estimate and should be read alongside any passing tenancy stated by the auctioneer.

Low / Base / High Investment Scenario

Buy-to-Let

Base rent £1,518 pcm gives 9.1% gross yield on guide and 8.5% on guide plus midpoint works. These are gross yields before voids, repairs, management, insurance and finance.

BRRR Analysis

Guide £200,000 + midpoint works £13,250 + auction fee allowance £3,600 + legal/valuation £1,500 + indicative six-month bridge/arrangement cost £9,100 + holding allowance £1,500 gives a pre-SDLT all-in cost of approximately £228,950. At base GDV £235,000, a 75% refinance is £176,250, leaving approximately £52,700 capital in before SDLT. Low/high refinance outcomes are £162,000 / £190,500.

Flip Analysis

Using base GDV £235,000, pre-SDLT all-in cost £228,950 and selling/legal allowance £4,137, indicative pre-tax/pre-SDLT flip surplus is £1,913. That is approximately 0.8% profit on cost and 0.8% of GDV. A 5% sale-price reduction and 15% works overrun should be stress-tested before bidding.

Maximum Bid Indicator

For an indicative 15% pre-tax profit-on-cost target before SDLT, the desktop purchase ceiling is approximately £176,855. This is a screening figure, not a formal valuation or bidding recommendation.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.