4 Rakehill Road, Barwick in Elmet, Leeds, West Yorkshire

Description

This two bedroom semi detached property with countryside views, off street parking and garden is offered for sale via traditional auction. The property does require renovation throughout but would be a great project or addition to a rental portfolio.

Accommodation

Lower Ground Floor: Cellar - externally accessed. Ground Floor: Lounge, kitchen and side porch. First Floor: Two bedrooms and bathroom. Externally: Driveway and rear garden.

Location

Barwick in Elmet is a sought after village location which lies approximately 7 miles from Tadcaster and Wetherby, approximately 6 miles from Leeds and approximately 16 miles from York. It boasts several shops and public houses and is an ideally located for the commuter. The village also boasts an excellent primary school.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £245,000 to £285,000, with the two latest supplied sales at £245,000 and £285,000. A base GDV estimate of £265,000 is used, but bedroom count, condition and specification of the comparables are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed renovation plan. The strongest apparent route is refurbishment-led resale or BRRR, but neither can be underwritten reliably from the supplied evidence.

Works Required

Renovation throughout, with the detailed scope and costs to be confirmed by inspection and the legal pack. No specific defects or services condition are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR exists if renovation can be completed economically and the property supports the base £265,000 GDV. Indicative 75% GDV refinance is £198,750. Total project cost and cash left in cannot be calculated because refurbishment costs and the final purchase price are unknown. Known charges include a 1.5% buyer administration charge, subject to £2,100 minimum, plus £360 searches.

Buy-to-Let Analysis

The supplied £2,800 pcm figure is an advertised asking rent for a broad Leeds two-bedroom search, not an achieved or property-specific rent. On that evidence, annual advertised rent is £33,600 and the headline yield on the £170,000 guide is 19.76%, but a reliable BTL yield cannot be established. Renovation costs, EPC, heating and final purchase price are unknown.

Flip Analysis

The supplied comparable evidence indicates a possible resale range of £245,000–£285,000, with £265,000 used as base GDV. Flip surplus cannot be calculated because refurbishment costs, final purchase price, selling costs and disbursements are unknown.

Investor Risks & Due Diligence

• Renovation is described as throughout, but no costed scope or specific defects are supplied.

• The rental evidence is an advertised asking rent from a broad Leeds search, not an achieved or property-specific rent.

• The final purchase price may exceed the £170,000 guide.

• EPC rating and heating information are unavailable.

• Legal-pack disbursements and other completion costs may apply.

• GDV comparables lack supplied bedroom counts and condition/specification details.

Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed renovation plan. The strongest apparent route is refurbishment-led resale or BRRR, but neither can be underwritten reliably from the supplied evidence.

Strategy Rating

Analysis Confidence

There are relevant same-road completed sales, but comparable bedroom details, property condition, refurbishment costs, achieved rent, EPC, heating and full auction costs are unavailable.