18 Walpole Street, York, North Yorkshire

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. Potential To Extend Into The Loft (Subject to Obtaining all Relevant Consents). The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms; Kitchen (removed); Room. First Floor: Three Bedrooms; Bathroom. Exterior: The property benefits from a rear garden.

Location

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

Tenure / Property Information

Investment Analysis

Five completed same-street terraced sales range from £232,000 to £252,000, averaging £243,500. The subject’s refurbishment requirement and conflicting bedroom information prevent a precise adjusted valuation. An indicative evidence-based scenario range is £232,000–£252,000, with £243,500 as the base scenario.

Investment Snapshot

Strategy Recommendation

Investigate the legal pack, confirm the bedroom configuration and obtain a detailed refurbishment quotation before bidding. The opportunity appears most suited to a refurbishment-led resale or refinance only if costs remain controlled.

Works Required

Refurbishment is required, including reinstatement of the removed kitchen. The extent and cost of other works cannot be established from the supplied evidence. Loft extension potential is subject to all relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £80,000 guide, the stated £1,800 administration charge is known, but refurbishment costs and other legal or special-condition fees are not. A 75% refinance of the indicative £243,500 GDV is £182,625; actual cash extraction cannot be calculated without total project cost and lender terms.

Buy-to-Let Analysis

Using the advertised £1,300 pcm two-bedroom asking rent, annual advertised rent is £15,600 and the gross yield on the £80,000 guide is 19.5% before refurbishment, fees and finance. A yield on total cost cannot be established because refurbishment costs and potential additional auction disbursements are unknown. The rent evidence may not directly match the property because the description states three bedrooms while the property data states two.

Flip Analysis

The completed same-street sales support an indicative resale range of £232,000–£252,000, with a £243,500 base scenario. Flip profitability cannot be calculated because refurbishment costs, selling costs and any special-condition disbursements are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied; the kitchen has been removed.

• The evidence conflicts on bedroom count: two bedrooms in the property data versus three in the description.

• The £1,300 pcm figure is an advertised asking rent for a two-bedroom property, not achieved rent.

• Special Conditions of Sale may impose additional search, legal, seller-cost or transfer charges.

• Loft extension potential is subject to obtaining all relevant consents.

• No EPC, heating, parking, council tax or lease information is supplied.

Recommendation

Investigate the legal pack, confirm the bedroom configuration and obtain a detailed refurbishment quotation before bidding. The opportunity appears most suited to a refurbishment-led resale or refinance only if costs remain controlled.

Strategy Rating

Analysis Confidence

There are several relevant completed same-street sales and a guide price, but refurbishment scope, property configuration, fees, EPC, services and achieved rental evidence are incomplete.