47, Ryecroft Street, OSSETT, West Yorkshire, WF5 9EJ

Description

Freehold mid terrace house arranged over ground, first floor and second floors. Full vacant possession.

Accommodation

Second floor: Loft room. First floor: Two bedrooms, bathroom/WC, landing. Ground floor: Reception room, kitchen/diner. Basement: Cellar, store. Gross Internal Area GIA approximately 92 sq m (988 sq ft).

Location

The property is situated on Ryecroft Street between its junctions with Church Street and Cross Ryecroft Street. Public transport links include Wakefield Westgate Railway Station together with a network of local bus services serving the surrounding vicinity. Road links include the M1 Motorway (Junction 40) and A638. Shopping amenities can be found locally within Ossett Town Centre, with an extensive range of shops, bars and restaurants being found in Wakefield City Centre. Recreational pursuits can be found locally at the open spaces of Ossett Central Park and Green Park Business Area open spaces.

Tenure / Property Information

Investment Analysis

The five same-street freehold terraced comparables sold for £150,000–£190,000, with the four sales from June 2025 onward ranging from £150,000 to £185,000. The latest sale at 37 Ryecroft Street was £183,000 on 20 March 2026. Allowing for the subject’s stated two-bedroom accommodation, vacant condition and limited condition evidence, a base GDV estimate of £178,000 is adopted, with a £150,000 low scenario and £185,000 high scenario. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase or flip at the guide, subject to survey, confirmation of condition and review of special conditions. Do not rely on the unsupported rental evidence or bid without a complete works and costs assessment.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full inspection and confirm heating, parking and the auction special conditions. The EPC rating is E, but no upgrade scope or cost can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £120,000 guide, the indicative 75% refinance of the £178,000 base GDV is £133,500. However, refurbishment costs, achievable rent, lender criteria, finance costs and total acquisition costs are unavailable, so cash required and BRRR viability cannot be established.

Buy-to-Let Analysis

BTL yield cannot be established reliably. The only supplied rental listing is £350 pcm but is identified as being in HU19, East Riding of Yorkshire, rather than Ossett, so it is not treated as a supported local rent. Works, financing, insurance, maintenance and other operating costs are also unavailable.

Flip Analysis

The base GDV estimate of £178,000 implies a gross difference of £58,000 against the £120,000 guide before the £1,800 admin charge, works, purchase costs, finance, selling costs and any seller-charged completion fees. A reliable flip surplus and maximum bid cannot be calculated because the works and selling allowance are unsupported.

Investor Risks & Due Diligence

• Condition and refurbishment requirements are not provided.

• The property has an EPC rating of E, but upgrade requirements and costs are unknown.

• Local achievable rent is not supported by the supplied rental evidence, which relates to HU19 in East Riding of Yorkshire.

• Heating and parking details require confirmation.

• Seller-charged additional completion fees may apply under the special conditions.

• Total acquisition, finance and resale costs are unavailable, preventing a reliable maximum bid or profit calculation.

Recommendation

Potential value-led purchase or flip at the guide, subject to survey, confirmation of condition and review of special conditions. Do not rely on the unsupported rental evidence or bid without a complete works and costs assessment.

Strategy Rating

Analysis Confidence

There are several directly comparable same-street completed sales and clear tenure, size and occupancy information, but condition, works, local rent, heating, parking, selling costs and possible additional auction fees are unresolved.