34 Havelock Street, Thornton, Bradford, West Yorkshire BD13 3HA

Description

Description A two-bedroom stone-built cottage situated in a quiet cul-de-sac within the popular village of Thornton.

The property is sold subject to an existing tenancy, generating a rental income of £525 per calendar month (£6,300 per annum), which we understand is below the current market rent and may offer scope for future rental growth.

The property has not been inspected internally, but is understood to comprise open-plan living accommodation at ground-floor level, with two bedrooms and a bathroom to the first floor. Externally, there is on-road parking to the front and an enclosed yard to the rear.

The property is situated on Havelock Street, a quiet residential cul-de-sac in the village of Thornton, approximately four and a half miles west of Bradford city centre.

A range of local shops, amenities and public transport connections are available within walking distance, with the surrounding road network providing access to Bradford and neighbouring West Yorkshire towns. Tenure Freehold Occupancy Subject to a tenancy

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• 19 Havelock Street – 2-bed terrace – historic sale £52,000

• 23 Havelock Street – 2-bed terrace – historic sale £88,000

• 34 Havelock Street – 2-bed terrace – historic sale £85,000

HB estimated GDV: £87,000 low / £95,000 base / £103,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Rental / Income Value

Stated passing income located in the property information is approximately £6,300 pa. For this specialist asset, passing income is more meaningful than imposing a standard AST rent.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.