14 Hirst Wood Crescent, Shipley, West Yorkshire, BD18 4BY

Description

Freehold semi-detached house

Accommodation

First floor: Two bedrooms, bathroom/wc. Ground floor: Reception room, kitchen/diner. Outside: Garden.

Location

The property is located on Hirst Wood Crescent. Shopping amenities are available locally within Shipley Town Centre with a further range of shops, bars and restaurants found in Bradford City Centre lying to the south. Public transport links are available at Saltaire Train Station (Northern Services) located to the east and at Shipley Train Station (LNER and Northern Services) lying to the south east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A657 lying to the south east and the A650 both located to the south. Recreational pursuits can be found at Hirst Wood Nature Reserve lying to the north.

Tenure / Property Information

Investment Analysis

Recent same-street freehold semi-detached sales were £200,000 in October 2023, £245,000 in May 2024 and £206,000 in July 2024. The £105,000 April 2022 sale is materially lower and may not be directly comparable. A base GDV of £206,000 is used, but bedroom count and condition of the comparables are not supplied.

Investment Snapshot

Strategy Recommendation

Potentially suitable for further BTL or resale investigation at the guide, subject to verifying condition, achievable rent, legal special conditions, EPC implications and total costs. Do not set a maximum bid without those checks.

Works Required

No specific defects or works are evidenced. Verify condition, heating, parking and the implications of the EPC E rating before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £132,000 guide, the known £1,800 contract documentation fee brings the identifiable acquisition cost to £133,800 before works, finance, tax and other fees. A 75% refinance of the £206,000 base GDV is £154,500, but cash left in cannot be calculated reliably without a supported works allowance and complete acquisition costs.

Buy-to-Let Analysis

The supplied advertised asking rent is £690 pcm, producing £8,280 annual gross rent and a 6.27% gross yield against the £132,000 guide. Yield on total cost cannot be established because refurbishment costs and any additional seller fees are unknown. The rental evidence is asking-rent evidence, not achieved rent.

Flip Analysis

Using the £206,000 base GDV, the gross difference against the £132,000 guide plus the known £1,800 fee is £72,200 before works, selling costs, finance, tax and any seller-charged completion fees. A reliable flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• EPC is rated E and the cost or scope of any resulting work is unknown.

• The £690 pcm figure is an advertised asking rent rather than an achieved rent.

• Comparable bedroom counts and condition are not supplied, limiting GDV precision.

• Parking and heating details require confirmation.

• The seller may charge additional completion fees, but no amount is provided.

• Auction guide price is not a formal valuation.

Recommendation

Potentially suitable for further BTL or resale investigation at the guide, subject to verifying condition, achievable rent, legal special conditions, EPC implications and total costs. Do not set a maximum bid without those checks.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and one rental asking figure, but comparable bedroom/condition details, property condition, works costs, heating, parking and possible additional fees are not supplied.