56 Bierley Lane, Bradford, West Yorkshire, BD4 6AA

Description

Offered for sale by auction is this three-bedroom mid-terrace home, located in Bradford. The property comprises an Entrance Hall, a Living Room, and a Kitchen to the ground floor. On the first floor are two Bedrooms, and a Family Bathroom. To the second floor is an Attic Bedroom and a small storage room. Externally, there is a small front yard, and a walled rear yard. Situated in a well-established residential area, the property is conveniently placed for local amenities, transport links, Bradford city centre, university hub, and hospitals, making it an attractive prospect for both resale and rental markets. Key features include approximately 88 sq. meters of accommodation, a three-storey terrace, original features, a full refurbishment opportunity, a popular and well-connected location, and vacant possession.

Accommodation

Entrance Hall, Living Room and Kitchen on the ground floor; two Bedrooms and a Family Bathroom on the first floor; Attic Bedroom and small storage room on the second floor. Approximately 88 sq. meters of accommodation. Small front yard and walled rear yard.

Location

Situated in a well-established residential area, conveniently placed for local amenities, transport links, Bradford city centre, university hub, and hospitals.

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £103,000 to £130,000 for terraced properties recorded as freehold, with one leasehold sale at £72,000. A base GDV of £120,000 is supported by the local freehold comparables, but the subject tenure is unconfirmed and its full refurbishment requirement may affect achievable value. Low and high scenarios use the supported comparable range of £103,000 to £130,000.

Investment Snapshot

Strategy Recommendation

Potential value-add BTL or BRRR opportunity, but only proceed after confirming tenure, legal-pack liabilities and a detailed refurbishment budget. Do not rely on the guide-price yield alone.

Works Required

Full refurbishment opportunity as described by the auctioneer. Scope and cost should be established through inspection and the legal pack; no specific defects or contractor quotations are supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinance is £90,000. However, refurbishment costs, total acquisition costs, tenure and lender criteria are not supplied, so cash left in and equity cannot be reliably calculated. The strategy requires confirmation of the legal pack, works budget and refinance valuation.

Buy-to-Let Analysis

The auctioneer estimates rent of approximately £750 pcm once renovated, equivalent to £9,000 annually. This represents a 45.0% gross yield against the £20,000 guide only; a meaningful all-in yield cannot be established because refurbishment costs, buyer premium and other charges are unknown. The rent is an estimate rather than achieved or externally evidenced rent.

Flip Analysis

The local evidence supports a base resale value of approximately £120,000, with a supplied comparable range of £103,000 to £130,000. Flip surplus cannot be calculated because refurbishment costs, buyer premium, other acquisition charges and selling costs are not quantified.

Investor Risks & Due Diligence

• Tenure is not confirmed; comparable evidence includes both freehold and leasehold sales.

• The property is described as a full refurbishment opportunity, but no costed scope or condition survey is supplied.

• The £750 pcm rent is an auctioneer estimate and has no sufficiently specific external rental comparable.

• Buyer premium and other legal, search, transfer and disbursement costs are unspecified.

• The guide-price gross yield excludes refurbishment, finance, compliance, management, maintenance and acquisition costs.

Recommendation

Potential value-add BTL or BRRR opportunity, but only proceed after confirming tenure, legal-pack liabilities and a detailed refurbishment budget. Do not rely on the guide-price yield alone.

Strategy Rating

Analysis Confidence

Same-road completed sales and an auctioneer rent estimate are available, but tenure, condition detail, refurbishment costs, buyer premium, selling costs and other charges are not quantified.