3 Holmwood Drive, Leeds, West Yorkshire LS6 4NF

Description

This four bedroom detached house with garage, gardens and off street parking is offered for sale via traditional auction. The property does require renovation throughout, but this would make a fantastic project. The property also has fitted solar panels; buyers are advised to do their own research in this regard.

Accommodation

Ground Floor: Lounge, dining room, kitchen, bedroom and wc. First Floor: Three bedrooms, bathroom and wc. Externally: Gardens and garage.

Location

Located in the sought after Holmwoods area of Meanwood, the property is within walking distance of several highly regarded primary schools, as well as Meanwood Park and surrounding woodland. A range of local amenities are close by, including Waitrose and Aldi, alongside a variety of popular restaurants, pubs, and bars. Leeds city centre and surrounding areas are easily accessible by both car and public transport.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £295,000 to £401,250. The most recent supplied sale was £366,000 in November 2024. A base GDV of £366,000 is used, with the wider evidence range shown as low and high scenarios. Comparable condition and specification are not supplied, so this is indicative only.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the renovation requirement and obtaining firm works costs. Do not rely on the indicative GDV alone.

Works Required

Renovation throughout, as stated by the auctioneer. No specific defects, scope or costs are supplied; buyers should establish the required works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the base GDV indicates £274,500, but total project cost cannot be calculated because refurbishment costs and potential disbursements are unknown. BRRR viability is therefore unconfirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Renovation costs are also unknown.

Flip Analysis

The supplied sales support an indicative base GDV of £366,000, but refurbishment costs, resale costs and comparable condition are unavailable. Flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Renovation is required throughout, but the scope and cost are unknown.

• Special Conditions of Sale may add search, legal, transfer or seller-cost disbursements.

• Solar-panel ownership, lease or benefit details require buyer investigation.

• Comparable sale condition and specification are not supplied.

• No reliable rental evidence is available.

Recommendation

Proceed only after reviewing the legal pack, inspecting the renovation requirement and obtaining firm works costs. Do not rely on the indicative GDV alone.

Strategy Rating

Analysis Confidence

There are several relevant completed same-street sales, but no quantified refurbishment scope, rental evidence, comparable condition details or full purchase-cost information.