58 Longroyd Avenue, Leeds, West Yorkshire

Description

This two bedroom, back to back terrace is ideal for an investor looking to add to their portfolio. It’s sold with vacant possession, but is highly popular for rentals. Internally, it does require minor cosmetic upgrades, however this should be an easy project.

Accommodation

Lower Ground Floor: Kitchen and bathroom. Ground Floor: Living room. First Floor: Two bedrooms. Externally: Front yard.

Location

The property is located within Beeston, which is 2 miles south of Leeds City Centre. It’s conveniently located for local shopping, the White Rose Shopping Centre, central Leeds and motorway networks. This is positioned within the Leeds selective licensing area.

Tenure / Property Information

Investment Analysis

Five same-road sold comparables range from £80,000 to £115,000. A working base GDV of £97,500 is used, anchored by the £97,500 sale, but bedroom counts and condition of the comparables are not supplied. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Consider only as a cautious buy-to-let if the title, licensing position, works cost and achievable rent are verified. The supplied evidence does not support a BRRR or flip bid calculation.

Works Required

Minor cosmetic upgrades only, as described. The scope and cost of works are not provided.

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 approximately £73,125, below the £82,000 guide before the £2,100 minimum admin charge, £360 searches, works and other possible disbursements. Cash extraction is therefore not supported on the supplied figures.

Buy-to-Let Analysis

Advertised asking rents indicate £395–£464 pcm, equivalent to approximately 4.86%–5.71% gross yield against the £97,500 base GDV, or 5.78%–6.79% against the £82,000 guide. These figures exclude works, finance, maintenance, voids and other costs. Selective licensing requirements should be confirmed.

Flip Analysis

The evidence indicates a potential value range of £80,000–£115,000, but refurbishment costs, selling costs and total project costs are unavailable. A reliable flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Minor cosmetic works are described but no cost allowance is supplied.

• Rental evidence is advertised asking rent, not achieved rent.

• The property is within the Leeds selective licensing area; compliance and costs are unconfirmed.

• EPC rating is pending.

• Admin charges are known, but further disbursements may apply.

• Comparable sale prices vary materially from £80,000 to £115,000 and their bedroom counts and condition are not supplied.

Recommendation

Consider only as a cautious buy-to-let if the title, licensing position, works cost and achievable rent are verified. The supplied evidence does not support a BRRR or flip bid calculation.

Strategy Rating

Analysis Confidence

There are five same-road sold comparables and two rental adverts, but subject tenure, EPC, works cost, detailed condition, comparable bedroom data and full fees are missing.