40 Buttershaw Lane, Bradford, West Yorkshire

Description

Investment freehold bungalow with potential. The property includes a double garage and driveway providing additional off-street parking for three/four vehicles, together with a generous rear garden. Site area approximately 0.118 hectares (0.293 acres). Possible development potential; previously subject to outline planning consent dated 9th June 2009 for demolition of the existing dwelling and construction of seven dwellings, but this consent has lapsed and there is no live planning permission for redevelopment.

Accommodation

Reception room, three bedrooms, kitchen and bathroom. Double garage, driveway and generous rear garden.

Location

Situated on the east side of Buttershaw Lane, north of its junction with Halifax Road (A6036), approximately 2.5 miles south-west of Bradford city centre. Local shops and amenities are available along Halifax Road. Bradford Interchange station provides services to London, Leeds and York; Low Moor station is also close by. Halifax Road provides direct access to the M606 and M62 motorways. Horsfall Playing Fields, Harold Park and Wibsey Park are nearby.

Tenure / Property Information

Investment Analysis

The £155,000+ guide is not independently supported by the supplied evidence. The five completed sales on Buttershaw Lane range from £60,000 to £205,000, but they are terraced, semi-detached and other property types rather than directly comparable three-bedroom bungalows. No supported GDV, market value or refurbishment valuation can therefore be established. The lapsed 2009 outline consent for seven dwellings is historic only and there is no live redevelopment permission.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after verifying the tenancy and rent, inspecting condition, obtaining direct bungalow comparables or valuation advice, checking all auction charges, and taking separate planning advice on redevelopment.

Works Required

No specific physical defects or required works are evidenced. Allow for inspection and verification of the bungalow, double garage, driveway, garden and existing accommodation before bidding. Any redevelopment would require a new planning assessment and application.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be completed because GDV, rent, refurbishment cost, financing costs and buyer or administration charges are unsupported. Refinancing at 75% of GDV cannot be calculated. The historic planning consent should not be treated as current value without a new planning assessment.

Buy-to-Let Analysis

The property is subject to an Assured Periodic Tenancy, but no passing rent, tenancy terms or sufficiently specific rental evidence is supplied. BTL yield, coverage and cash flow cannot be established. The tenancy should be reviewed before purchase.

Flip Analysis

A flip appraisal cannot be supported. There is no direct bungalow comparable evidence, no verified refurbishment scope or cost, and no supported resale GDV. Any redevelopment upside is speculative because the 2009 outline consent has lapsed and no live permission exists.

Investor Risks & Due Diligence

• The property is subject to an Assured Periodic Tenancy and the passing rent and tenancy terms are not supplied.

• No sufficiently specific rental comparable or auctioneer rent estimate is available, preventing yield and cash-flow analysis.

• The supplied sales are not direct three-bedroom bungalow comparables.

• The 2009 outline planning consent has lapsed and there is no live redevelopment permission.

• Property condition and refurbishment requirements are not evidenced.

• Additional seller or third-party charges may apply but are not quantified.

• EPC, council tax and heating information are not supplied.

Recommendation

Do not bid on the supplied evidence alone. Proceed only after verifying the tenancy and rent, inspecting condition, obtaining direct bungalow comparables or valuation advice, checking all auction charges, and taking separate planning advice on redevelopment.

Strategy Rating

Analysis Confidence

Basic property, tenure and occupancy information is supplied, but there is no EPC, council tax, heating, rent, condition survey, direct comparable evidence, refurbishment budget, buyer/admin fee schedule or live planning permission.