237 Manchester Road, Huddersfield, HD1 3JG

Description

A Terrace House requiring modernisation with accommodation arranged on Four Floors comprising a front yard and cellar.

Accommodation

Second Floor: Bedroom (Two). First Floor: Bedroom (One), Bathroom (without fittings), Separate WC. Ground Floor: Living Room. Lower Ground Floor: Cellar. Front Yard.

Location

Situated on Manchester Road, close to local shopping and travelling facilities including Lockwood Train Station. Further amenities can be found a short drive away in Huddersfield Town Centre.

Tenure / Property Information

Investment Analysis

Five HM Land Registry comparables on the same road sold between £48,000 and £68,000 from June 2017 to February 2019. Their average is £57,800. These are relevant terraced leasehold comparables, but they are dated, their condition is not provided, and the subject property requires modernisation. A current valuation cannot be established from the evidence alone. The £48,000 to £68,000 range is used only as an evidence-based historic value range, with £57,800 as an indicative base GDV.

Investment Snapshot

Strategy Recommendation

Treat as a potential refurbishment purchase only, subject to an inspection, full works quotation and current resale or rental evidence. Do not rely on the historic comparable range alone when bidding.

Works Required

Modernisation of the accommodation is required. The bathroom is expressly described as being without fittings, so bathroom fittings will be required. The precise scope, specification and cost of all works require inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £57,800 base GDV, a 75% refinance would be approximately £43,350. However, refurbishment costs, purchase costs beyond the £1,500 buyer premium, finance costs and any current valuation uplift are unknown, so the cash left in and BRRR viability cannot be calculated. The historic comparable range produces indicative 75% refinance figures of £36,000 to £51,000.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and cash flow are therefore unknown. The vacant possession and modernisation requirement also mean the property would not be immediately lettable without further work.

Flip Analysis

A flip appraisal cannot be reliably completed because refurbishment costs, finance costs, selling costs and a current resale value are unavailable. The historic comparable evidence indicates a broad £48,000 to £68,000 value range, but it does not establish a current post-works sale price or a supported flip surplus.

Investor Risks & Due Diligence

• The property requires modernisation, but the full condition and works scope are unknown.

• The bathroom is without fittings and the cost of reinstatement is not supplied.

• The comparable sales are from 2017 to 2019 and may not represent current market value.

• No sufficiently specific rental evidence is available, so rental yield and cash flow cannot be established.

• EPC is listed as TBC and heating and parking information are not supplied.

• The lease is described as approximately 864 years unexpired in one place and 863 years unexpired elsewhere.

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

• Buyer premium of £1,500 inclusive of VAT is payable, with the balance of the 10% deposit subject to a minimum £5,000 deposit and the buyer fee payable within 24 hours.

Recommendation

Treat as a potential refurbishment purchase only, subject to an inspection, full works quotation and current resale or rental evidence. Do not rely on the historic comparable range alone when bidding.

Strategy Rating

Analysis Confidence

The property description, lease information and several same-road completed sales are available, but the sales are dated and there is no rental evidence, EPC, condition survey, works budget, current valuation, finance cost or complete fee schedule.