144 Bramham Drive, Harrogate, North Yorkshire

Description

By Order of a Housing Association. Vacant possession.

Accommodation

Reception Room, Two Bedrooms, Kitchen, Bathroom. GIA approximately 61 sq m (657 sq ft), source: EPC.

Location

The property is situated on the north side of Bramham Drive. The shops and amenities of Harrogate are to the south east. Harrogate rail station is approximately 1.4 miles to the south east. The A61 (Ripon Road) is to the east. Valley Gardens is to the south.

Tenure / Property Information

Investment Analysis

The three most recent same-road sold comparables completed between June 2024 and June 2025 at £115,000, £132,000 and £128,000. Their average is £125,000, used as an indicative base GDV. The comparables are flats/maisonettes but no bedroom, size or condition details are supplied, so the range is indicative rather than a formal valuation. The £90,000+ guide represents a potential discount to this evidence, subject to lease, condition and auction costs.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase at or near the guide, but proceed only after reviewing the legal pack, lease terms and inspecting condition. Do not underwrite as BTL or BRRR until rent, service charges, lease restrictions and full costs are confirmed.

Works Required

No specific physical defects or refurbishment requirements are evidenced. Allowance should be made only after inspection and review of the legal pack; currently, no supported works budget can be calculated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £125,000 base GDV, 75% refinancing equates to £93,750. This is only £3,750 above the £90,000 guide before works, fees, finance and taxes. Total project cost and cash left in cannot be calculated because refurbishment, buyer/admin charges and lease-related costs are unavailable.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, but achievable rent, operating costs, lease restrictions and service charges are unknown.

Flip Analysis

The recent same-road sales indicate a potential resale value around £115,000–£132,000, with a £125,000 base case. However, a reliable flip surplus cannot be calculated because condition, works, purchase costs, seller charges and selling costs are not supplied.

Investor Risks & Due Diligence

• Lease length, ground rent, service charge and other lease terms are unknown and must be checked in the legal pack.

• No inspection or condition information is supplied, so refurbishment costs cannot be estimated.

• No sufficiently specific rental evidence is available, preventing a supported BTL yield assessment.

• Buyer premium, administration charges and other possible seller or third-party fees are unknown.

• The sold comparables do not include supplied bedroom, size or condition details, limiting valuation comparability.

Recommendation

Potential value-led purchase at or near the guide, but proceed only after reviewing the legal pack, lease terms and inspecting condition. Do not underwrite as BTL or BRRR until rent, service charges, lease restrictions and full costs are confirmed.

Strategy Rating

Analysis Confidence

There are several recent same-road completed sales, but bedroom/size comparability, condition, lease details, rent, refurbishment costs and auction charges are not supplied.