52 Garnet Road, Leeds, West Yorkshire LS11 5HP

Description

This two bedroom back to back terrace is offered for sale via traditional auction. The property does require renovation throughout but would be a great project or addition to a rental portfolio. The property has formed part of a Housing Association portfolio for many years and will be sold vacant.

Accommodation

Lower Ground Floor: Kitchen. Ground Floor: Lounge. First Floor: Bedroom and bathroom. Second Floor: Bedroom. Externally: Front yard.

Location

Situated within the selected licensing area of Beeston, with easy access to motorway links such as the M62 and M1. Leeds city centre is only a short distance away boasting its wealth of amenities.

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £65,000 to £125,000. The £117,000 and £125,000 sales support a potential renovated value, but the £78,250 and £65,000 results show material uncertainty and no condition details are available. Base GDV is estimated at £117,000, with a broad evidence-based range of £78,250–£125,000.

Investment Snapshot

Strategy Recommendation

Proceed only subject to satisfactory legal-pack review, inspection and a fully priced renovation scheme. Do not bid on the current evidence alone.

Works Required

Renovation throughout, as stated by the auctioneer. The required scope and costs are unsupported and require inspection, quotations and legal-pack review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £85,000 guide, the stated minimum buyer administration charge is £2,100. A 75% refinance of the £117,000 base GDV would be £87,750, but total project cost and cash requirement cannot be calculated without works, legal and other fee estimates.

Buy-to-Let Analysis

A BTL case cannot be established because no sufficiently specific rental evidence, passing rent or refurbishment budget is supplied. The property is vacant and requires renovation throughout.

Flip Analysis

A potential resale range is supported by same-road completed sales, but refurbishment cost, selling costs and the relationship between comparable condition and this property are unknown. Flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Renovation is required throughout, with no quantified scope or cost.

• Comparable sale prices vary substantially from £65,000 to £125,000.

• No sufficiently specific rental evidence is available.

• Buyer administration, search, seller, legal, transfer and other disbursement costs may apply.

• Vacant possession is stated, but legal-pack terms require verification.

Recommendation

Proceed only subject to satisfactory legal-pack review, inspection and a fully priced renovation scheme. Do not bid on the current evidence alone.

Strategy Rating

Analysis Confidence

Several same-road completed sales are available, but there is no rental evidence, refurbishment budget, condition survey, legal-pack cost detail or supported selling-cost allowance.