48, Highfield Close, LEEDS, West Yorkshire

Description

Freehold house arranged over ground and first floors requiring modernisation. Full vacant possession.

Accommodation

First floor: Five bedrooms, bathroom/WC. Ground floor: Two reception rooms, kitchen. Outside: Front and rear gardens. Gross Internal Area GIA (Source: EPC) approximately 97 sq m (sq ft).

Location

The property is situated on Highfield Close which is located off Whitehall Road via Dragon Road and Dragon Drive. Public transport links include Cottingley and Leeds mainline rail stations together with a network of local bus services serving the surrounding vicinity. Road links include the A58 Whitehall Road and M621 motorway, which in turn provides access to the wider M62 and national motorway network. Shopping amenities can be found locally within Lower Wortley, with an extensive range of shops, bars and restaurants being found in Leeds City Centre and at the White Rose Shopping Centre. Recreational pursuits can be found locally at the open spaces of Wortley Recreation Ground and Western Flatts Cliff Park.

Tenure / Property Information

Investment Analysis

The five sold comparables on Highfield Close range from £175,000 to £220,000. The £180,000 base GDV reflects the comparable set, while the £175,000 low scenario and £220,000 high scenario reflect the observed range. The comparables are not fully matched: they include terraced and semi-detached properties, while the subject's exact house type is not specified. The subject also requires modernisation, so these figures are indicative only and not formal valuations.

Investment Snapshot

Strategy Recommendation

Investigate only as a potential refurbishment-led resale, subject to a full inspection, contractor quotation and confirmation of any special-condition fees. Do not rely on the guide price alone to establish a maximum bid.

Works Required

Modernisation of the vacant two-floor house, based on the auction description. No specific defects, repair scope or costed works schedule is supplied, so no detailed works allowance can be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £140,000 guide plus the known £1,800 buyer administration charge, the pre-works acquisition cost would be £141,800. A 75% refinance against the £180,000 base GDV equates to £135,000, before allowing for refurbishment, finance, tax, selling costs or any seller-charged fees. The project cannot be fully assessed without a works budget and rental evidence.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield and rental coverage therefore remain unquantified.

Flip Analysis

A resale value range of £175,000 to £220,000 is indicated by the supplied sold comparables, with a £180,000 base GDV. Flip profit cannot be calculated because refurbishment costs and selling allowances are unsupported.

Investor Risks & Due Diligence

• The property requires modernisation, but the extent and cost of works are unknown.

• Comparable evidence includes different property types and does not provide a directly matched five-bedroom sale.

• No sufficiently specific rental evidence is available, preventing yield assessment.

• Additional seller-charged fees may apply under the Special Conditions of Sale.

• Parking and heating information is not supplied.

• Vacant possession is stated, but no detailed inspection or condition report is provided.

Recommendation

Investigate only as a potential refurbishment-led resale, subject to a full inspection, contractor quotation and confirmation of any special-condition fees. Do not rely on the guide price alone to establish a maximum bid.

Strategy Rating

Analysis Confidence

Five nearby completed sales provide useful value evidence, but the property type is not precisely matched, and there is no refurbishment budget, rental evidence, finance cost, selling allowance or detailed condition report.