48 Highfield Close, Leeds, West Yorkshire LS12 4BB

Description

This five bedroom, extended end terrace house is to be offered via traditional auction on the 21st October. The property benefits from front and rear gardens, two reception rooms, and ample room for a large family. The property is in average condition but it would benefit from some cosmetic improvements.

Accommodation

Ground Floor: Two living rooms and a kitchen. First Floor: Five bedrooms and a bathroom. Externally: Gardens to the front and rear.

Location

Located in Lower Wortley, 2 miles south west of Leeds. Conveniently located for Elland Road football ground, White Rose shopping centre and the motorway network.

Tenure / Property Information

Investment Analysis

Five local Highfield Close terraced sales range from £175,000 to £191,995. A base GDV of £180,000 is a cautious estimate, but the comparables are not confirmed as five-bedroom or extended properties, so confidence is limited.

Investment Snapshot

Strategy Recommendation

Investigate as a potential cosmetic refurbishment purchase, subject to legal-pack review, inspection and a confirmed works budget. Do not bid without these figures.

Works Required

Cosmetic improvements supported by the description; the scope and cost are not specified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £155,000 guide, the property is below the estimated £180,000 base GDV, but refurbishment costs, full acquisition costs and achievable rent are unknown. The 75% base-GDV refinance indication is £135,000.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided.

Flip Analysis

There may be gross value uplift against the £155,000 guide, but a reliable flip surplus cannot be calculated without a works budget, full acquisition costs and selling costs.

Investor Risks & Due Diligence

• Comparable sales are not confirmed as five-bedroom or extended properties.

• No sufficiently specific rental evidence is available.

• Property condition is described only as average with cosmetic improvements suggested, so works costs are uncertain.

• Additional search, seller, legal, transfer and disbursement charges may be payable.

• The property is vacant, with no passing rental income evidenced.

Recommendation

Investigate as a potential cosmetic refurbishment purchase, subject to legal-pack review, inspection and a confirmed works budget. Do not bid without these figures.

Strategy Rating

Analysis Confidence

Local completed sales and the guide price are available, but comparable property specifications, rental evidence, refurbishment costs and several purchase charges are not provided.