25 Ure Bank Top, Ripon

Description

Situated on Ure Bank Top, close to the amenities available in Ripon City Centre. A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two). Ground Floor: Living Room, Dining Room, Kitchen, Bathroom/WC. Front Yard. Garden at Rear.

Accommodation

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

Location

Situated on Ure Bank Top, close to the amenities available in Ripon City Centre.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £120,000 to £225,000. The evidence does not provide comparable bedroom counts, floor areas or condition, so the subject’s market value is indicative only. A base GDV of £170,000 is used, with £120,000 low and £225,000 high scenarios based on the supplied same-street sales range.

Investment Snapshot

Strategy Recommendation

Potential value-add BTL or BRRR subject to inspection, verified refurbishment quotations, title/special-conditions review and confirmation that £750 pcm is achievable. Do not bid on GDV alone because scope and total project cost are unsupported.

Works Required

Modernisation is required according to the description. The likely scope and cost cannot be established from the evidence; inspection should assess the kitchen, bathroom/WC, finishes, services, EPC-related improvements and external areas before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £170,000 base GDV, 75% refinancing equates to £127,500. The potential refinance proceeds exceed the £75,000 guide price, but cash left in cannot be calculated because refurbishment costs, seller fees, finance costs and other acquisition costs are not fully evidenced. Valuation and works risk is material.

Buy-to-Let Analysis

The supplied Ripon rental listing indicates £750 pcm, equivalent to £9,000 annually, and a 12.0% gross yield against the £75,000 guide price. This is an advertised asking rent rather than achieved rent, and total-cost yield cannot be established because refurbishment costs and any seller fees are unknown. Buyer premium of £1,500 is known and would reduce the effective yield.

Flip Analysis

The supplied same-street sales support an indicative GDV range of £120,000 to £225,000, with a £170,000 base case. A flip surplus cannot be calculated because refurbishment costs, selling costs and any applicable seller fees are unavailable. The comparable evidence also lacks matching condition, size and bedroom details.

Investor Risks & Due Diligence

• Modernisation is required but no refurbishment scope or cost estimate is supplied.

• Comparable sales have no stated bedroom count, floor area or condition, limiting GDV reliability.

• £750 pcm is an advertised asking rent, not an achieved rent or property-specific valuation.

• Seller may charge additional completion fees under the special conditions.

• EPC is rated E, but improvement requirements and costs are not provided.

• Vacant possession means there is no existing passing rent to verify.

Recommendation

Potential value-add BTL or BRRR subject to inspection, verified refurbishment quotations, title/special-conditions review and confirmation that £750 pcm is achievable. Do not bid on GDV alone because scope and total project cost are unsupported.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one Ripon asking-rent reference, but comparable property details, refurbishment costs, floor area, achieved rent, finance costs and seller fees are incomplete.