2 Holgate Terrace, Fitzwilliam, Pontefract, WF9 5BU

Description

Situated in a cul-de-sac off Wakefield Road, close to the amenities available in Fitzwilliam Village and travelling facilities including Fitzwilliam Train Station. Fitzwilliam Country Park is also nearby. An End of Terrace House requiring modernisation and repair with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three). Ground Floor: Living Room, Kitchen, Bathroom/WC. Front Garden. Yard at Rear.

Accommodation

Two floors comprising: First Floor - Bedroom (One), Bedroom (Two), Bedroom (Three). Ground Floor - Living Room, Kitchen, Bathroom/WC. Front Garden. Yard at Rear.

Location

Situated in a cul-de-sac off Wakefield Road, close to the amenities available in Fitzwilliam Village and travelling facilities including Fitzwilliam Train Station. Fitzwilliam Country Park is also nearby.

Tenure / Property Information

Investment Analysis

Same-address HM Land Registry sales range from £95,000 to £200,000: £101,000 in January 2023, £150,000 in September 2024 and £200,000 in March 2026. The evidence does not state the condition or specifications of those comparables, so the range is broad and cannot establish a precise value for this property. A base GDV of £150,000 is used as a cautious evidence-based midpoint, with £101,000 low and £200,000 high scenarios. The property is expressly described as requiring modernisation and repair, but no quantified works evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment quote and local rental evidence. Do not rely on the guide price or the £200,000 comparable without confirming condition and specification.

Works Required

Modernisation and repair as identified by the auction description, potentially covering the living room, kitchen, bathroom/WC and bedrooms. The scope, specification and cost cannot be quantified without inspection or contractor evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because the refurbishment budget, achievable rent and total project cost are unsupported. At the base GDV, 75% refinance is £112,500, but the cash left in cannot be calculated without verified acquisition and works costs. The property is vacant, which may assist access for works, but does not establish viability.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment costs and any additional seller fees are also unknown. The £1,500 buyer premium would be payable based on the supplied auction terms.

Flip Analysis

The same-terrace sales provide a broad resale reference range of £101,000 to £200,000, with £150,000 used as the base GDV. Flip surplus cannot be calculated because refurbishment costs, purchase price, seller fees and selling costs are not fully supported. The £40,000 guide is not a confirmed purchase price.

Investor Risks & Due Diligence

• The property requires modernisation and repair, but the extent and cost of works are unknown.

• Same-address sold prices vary materially from £95,000 to £200,000 and the condition of the comparables is not supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The seller may charge additional completion fees under the special conditions, but no amount is provided.

• The buyer premium is £1,500 inclusive of VAT and the auction deposit and buyer fee are payable within 24 hours under the supplied terms.

Recommendation

Proceed only after reviewing the legal pack, inspecting the property and obtaining a detailed refurbishment quote and local rental evidence. Do not rely on the guide price or the £200,000 comparable without confirming condition and specification.

Strategy Rating

Analysis Confidence

There are several same-address completed sales and clear tenure, occupancy and accommodation evidence, but the comparable conditions are unknown, no rent evidence is supplied, and refurbishment and seller-fee costs are unquantified.