48a, Cleasby Road, Ilkley, West Yorkshire, LS29 6JA

Description

Leasehold two-bedroom split level flat. Full vacant possession.

Accommodation

Ground floor: private entrance with stairs leading to first floor. First floor: reception room, kitchen, bathroom/WC. Second floor: two bedrooms.

Location

The property is situated on Cleasby Road. Public transport links are provided with Guiseley Railway Station and Menston Railway Station together with a network of local bus services serving the surrounding vicinity. Shopping amenities can be found locally with a further range of shops, bars and restaurants located in Leeds City Centre lying to the south east. Recreational pursuits include Bradford Golf Club and Chevin Forest Park.

Tenure / Property Information

Investment Analysis

Three supplied leasehold flat comparables on Cleasby Road range from £125,000 to £145,000, although they are different properties and transaction dates. A provisional base GDV of £140,000 is used as the midpoint/median indication, with £125,000 low and £145,000 high scenarios. This is not a formal valuation and does not adjust for differences in size, condition, parking, lease charges or specification.

Investment Snapshot

Strategy Recommendation

Conditional value-led purchase only after reviewing the lease, service-charge and ground-rent information and inspecting condition. Do not underwrite BTL or a flip until rent, costs and works are evidenced.

Works Required

No specific defects or refurbishment requirements are stated. Allow for inspection, confirmation of the condition, and only works identified by the survey or legal pack. The financial base case assumes £0 works pending evidence and is not a refurbishment budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £60,000 guide, the known £1,800 buyer administration charge and no works allowance, base cost is £61,800. A 75% refinance against the provisional £140,000 GDV is £105,000, implying £43,200 of theoretical cash release before finance costs, taxes, valuation, lending criteria and unknown lease costs. This is highly dependent on the GDV and refinance being achievable.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Service charge, ground rent and review provisions are also unknown, so net investment returns cannot be assessed.

Flip Analysis

The supplied comparables indicate a broad resale value range of £125,000–£145,000, but there is no condition evidence, refurbishment budget, selling-cost allowance or confirmation of the subject’s specification. A reliable flip surplus therefore cannot be calculated.

Investor Risks & Due Diligence

• Annual service charge, ground rent, review period and ground-rent increases are unknown.

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

• No condition or refurbishment evidence is supplied.

• The comparable sales relate to different properties and dates, so the GDV indication is approximate.

• Additional seller fees may be payable but are not disclosed.

• Refinance assumptions may not be accepted by a lender and exclude finance costs, taxes and valuation fees.

Recommendation

Conditional value-led purchase only after reviewing the lease, service-charge and ground-rent information and inspecting condition. Do not underwrite BTL or a flip until rent, costs and works are evidenced.

Strategy Rating

Analysis Confidence

There are three nearby completed-sale comparables and a long stated lease, but the subject’s condition, size/specification differences, rental evidence, lease costs and potential seller fees are unknown.