43 Garnet Terrace, Leeds, West Yorkshire LS11 5JX

Description

This two bedroom, back to back terrace is ideal for an investor looking to add to their portfolio. It’s sold with vacant possession, but is highly popular for rentals. Internally it does require cosmetic improvement, however this should be an easy project.

Accommodation

Lower Ground Floor: Kitchen. Ground Floor: Living Room. First Floor: Bedroom, bathroom. Second Floor: Bedroom. External: Front Yard.

Location

The property is conveniently located for local shopping, the White Rose Shopping Centre, Leeds city centre and motorway networks. It’s positioned within the Leeds selective licensing area.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales include £125,000 in 2025 and £97,800 in 2023. As bedroom count and condition are not supplied for the comparables, £125,000 is used as the base GDV, with £97,800 as a lower evidence-supported scenario.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a rental-led purchase at or near guide, subject to confirming cosmetic works, licensing and all legal/additional fees. Avoid relying on the headline GDV without further comparable detail.

Works Required

Cosmetic improvement only, as described. The scope and cost are not supplied, so no refurbishment allowance is estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide price, the known minimum admin charge is £2,100. A 75% refinance of the £125,000 base GDV would be £93,750, but cash left in cannot be calculated without supported works and full acquisition costs.

Buy-to-Let Analysis

Advertised rents of £825–£950 pcm imply gross yields of approximately 11.65%–13.41% against the £85,000 guide. These are asking rents, not achieved rents, and total-cost yield cannot be established because works and additional fees are unknown. Selective licensing requirements should be checked.

Flip Analysis

The base GDV is £125,000, but refurbishment cost, special conditions, selling costs and finance costs are unsupported. A reliable flip surplus and maximum bid cannot therefore be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• Rental figures are advertised asking rents rather than achieved rents.

• Comparables lack supplied bedroom and condition details.

• The property is within a selective licensing area; compliance requirements and costs are unknown.

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

• Vacant possession creates potential void and letting risk.

Recommendation

Potentially suitable for a rental-led purchase at or near guide, subject to confirming cosmetic works, licensing and all legal/additional fees. Avoid relying on the headline GDV without further comparable detail.

Strategy Rating

Analysis Confidence

Same-street sales and rental asking evidence are available, but comparable property details, refurbishment costs, council tax, parking, heating and special-condition fees are incomplete.