48 Cherry Wood Crescent, Fulford, York, North Yorkshire

Description

Vacant freehold semi-detached bungalow with a garage, rear garden and approximately 92.10 sq m (990 sq ft) GIA, situated in a well-established and popular residential area with excellent transport links into York city centre.

Accommodation

Ground floor: reception room, two bedrooms, kitchen and bathroom. First floor: further bedroom. Garage. Garden to the rear. GIA approximately 92.10 sq m (990 sq ft).

Location

Situated in a well-established and popular residential area. The shops and amenities of York city centre are nearby to the north. York rail station is approximately 2.9 miles to the north east. The A64 is to the south, providing links to the A1(M). Knavesmire is nearby.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Cherry Wood Crescent range from £288,000 to £396,500. The two most recent sales were £288,000 in March 2025 and £356,000 in June 2026. These are semi-detached freehold comparables on the same street, but their bedroom count, size, condition and exact accommodation are not supplied, and they are not confirmed to be bungalows. A cautious evidence-based base GDV estimate is therefore £315,000, with a low scenario of £288,000 and a high scenario of £356,000. The guide represents approximately 66.7% of the base GDV, before any fees, works or other costs.

Investment Snapshot

Strategy Recommendation

Treat as a potential resale or owner-occupier-led acquisition rather than an underwritten BTL or BRRR project. Proceed only after confirming condition, valuation, total auction costs and a purchase price that preserves margin against the supported GDV scenarios.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be quantified. Obtain a full survey and inspect the bungalow, garage, garden, kitchen, bathroom, heating and services before bidding; only evidenced remedial or cosmetic works should be costed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV, 75% refinance debt would be approximately £236,250. Purchase costs, works, finance, fees and taxes are not supplied, so cash left in and equity cannot be calculated. BRRR viability remains unverified and depends on survey findings, actual acquisition price and lender valuation.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent, annual income and gross yield cannot be established. BTL appraisal should not proceed without verified local rental evidence and a complete cost schedule.

Flip Analysis

The supplied same-street completed sales support an indicative GDV range of £288,000 to £356,000, with a £315,000 base case. No refurbishment budget, buyer fees, selling costs, finance costs or confirmed purchase price are supplied, so net resale surplus cannot be calculated. The opportunity may have resale potential, but the evidence does not support a quantified flip margin.

Investor Risks & Due Diligence

• Comparable sales are not confirmed to be three-bedroom bungalows or to match the subject property's 92.10 sq m accommodation.

• The property is vacant and no condition, survey, EPC, heating or services information is supplied.

• No rental evidence is available, preventing a reliable BTL yield assessment.

• Buyer premium, administration charges, selling costs, finance costs and taxes are not supplied.

• Additional seller or third-party charges may apply.

• The high and low GDV scenarios are based on supplied street sales but are not formal valuations.

Recommendation

Treat as a potential resale or owner-occupier-led acquisition rather than an underwritten BTL or BRRR project. Proceed only after confirming condition, valuation, total auction costs and a purchase price that preserves margin against the supported GDV scenarios.

Strategy Rating

Analysis Confidence

Same-street completed sales and core property particulars are supplied, but comparable accommodation and condition are not confirmed, while rent, works, fees, EPC, heating and other cost evidence are absent.