5 Avondale Street, Leeds, West Yorkshire, LS13 4DE

Description

For sale by auction, this three-bedroom terrace property on Avondale Street, Leeds presents an opportunity for buyers looking for a project with scope for improvement and potential to add value. The property has scope for modernisation and improvement and is described as suited to investors, developers or owner-occupiers. Early viewing is highly recommended.

Accommodation

Good-sized reception room, kitchen/diner leading to the rear yard. First-floor landing, two double bedrooms, single bedroom and family bathroom.

Location

Avondale Street, Leeds, West Yorkshire.

Tenure / Property Information

Investment Analysis

Recent completed sales on the same street provide the strongest evidence: £155,000 for No. 17 in June 2025 and £156,500 for No. 19 in October 2022. An indicative base GDV of £155,750 is supported, subject to the unknown condition and specification of No. 5. These comparables do not establish refurbishment costs or a formal valuation.

Investment Snapshot

Strategy Recommendation

Do not commit based on the guide alone. Obtain a full viewing, refurbishment quotations, legal-pack review and local rental evidence before deciding whether a flip or other strategy is viable.

Works Required

Modernisation and improvement of the three-bedroom terraced house, based only on the auction description. The precise scope, specification and cost require inspection, contractor quotations and review of the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative 75% refinance figure on the base GDV is £116,812.50. Cash left in cannot be calculated because refurbishment costs, total project costs, finance costs and tax are unsupported. Viewing, surveying and legal-pack review are required before assessing the refinance case.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The known guide price plus £3,600 buyer premium and admin charge excludes refurbishment, finance, tax and possible disbursements.

Flip Analysis

The recent same-street sales indicate a resale benchmark around £155,000–£156,500, but the flip surplus cannot be calculated without a supported refurbishment budget, total acquisition costs and selling allowance. The known guide price plus stated buyer and admin charges is £42,600 before works and other costs.

Investor Risks & Due Diligence

• The property is described as requiring modernisation and improvement, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is supplied, so rental yield and BTL viability cannot be assessed.

• Buyer premium and admin charge total £3,600, with possible additional legal-pack disbursements and special-condition costs.

• The comparable sales may differ from No. 5 in condition, specification and timing.

• The guide price is not a total acquisition or project cost.

Recommendation

Do not commit based on the guide alone. Obtain a full viewing, refurbishment quotations, legal-pack review and local rental evidence before deciding whether a flip or other strategy is viable.

Strategy Rating

Analysis Confidence

Recent same-street sold comparables and stated auction charges are available, but condition, refurbishment costs, rent, disbursements, finance costs and selling costs are not provided.