15 Fair Street, Huddersfield, West Yorkshire, HD1 3QB

Description

A Vacant Two Bedroom End of Terrace House. The property comprises a two bedroom end of terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Lawton Street Park are within easy reach. Transport links are provided by Lockwood rail station.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is the £60,000 completed sale of 11 Fair Street in November 2021. The subject property itself sold for £42,250 in 2016, while nearby 13 Fair Street sold for £40,000 in 2016. A base GDV of £60,000 is therefore used, but current-market evidence is limited and the comparable properties are not fully matched or recent.

Investment Snapshot

Strategy Recommendation

Potential lower-guide BTL or BRRR purchase, subject to inspection, legal-pack review, rent validation and confirmation of all buyer disbursements. Do not rely on the headline yield until condition and achievable rent are verified.

Works Required

No specific defects or refurbishment requirements are evidenced. The property should be inspected and the legal pack reviewed; any works allowance, including possible updating or compliance works, cannot be quantified from the supplied information. EPC rating is D.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £25,000 lower guide plus the known £1,800 administration charge, the analysed cost is £26,800 before works and other charges. A 75% refinance against the £60,000 base GDV would be £45,000, producing an indicative £18,200 surplus before finance, valuation, legal, tax and refurbishment costs. Actual refinance depends on lender valuation, rent, condition and mortgage criteria; refurbishment costs are unknown.

Buy-to-Let Analysis

Using the lower advertised rental evidence of £650 pcm, annual rent is £7,800. Against the £25,000 lower guide, this gives a 31.2% gross yield, or approximately 29.1% against £26,800 including the known £1,800 administration charge. The £995 pcm evidence is also only an advertised asking rent, and the wide range means achievable rent is unconfirmed. Yields exclude works, finance, voids, management, maintenance, tax and unknown disbursements.

Flip Analysis

Using the £60,000 base GDV and £26,800 purchase-plus-known-admin cost, the nominal difference is £33,200 before refurbishment, selling costs, finance, tax and disbursements. A reliable flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Current GDV is based mainly on one nearby 2021 completed sale and older 2016 evidence.

• Rental figures are advertised asking rents rather than achieved rents, with a wide £650-£995 pcm range.

• Property condition and refurbishment costs are not supplied.

• Buyer premium is unspecified and legal-pack disbursements may be payable.

• Finance, refinance valuation, tax, insurance, maintenance and void costs are excluded from the yield calculations.

• Leasehold legal terms and any lease-related charges should be confirmed from the legal pack.

Recommendation

Potential lower-guide BTL or BRRR purchase, subject to inspection, legal-pack review, rent validation and confirmation of all buyer disbursements. Do not rely on the headline yield until condition and achievable rent are verified.

Strategy Rating

Analysis Confidence

There is one useful 2021 nearby completed sale and older same-street sales, but no condition survey, current achieved rent, buyer premium, disbursement total, parking/heating information or refurbishment estimate.