58 Ovenden Road, Halifax, HX3 5PN

Description

Situated on Ovenden Road, close to the amenities available in Halifax Town Centre and travelling facilities including Halifax Train Station. Shrogg’s Park is also nearby. A Double Fronted Terrace House requiring modernisation with accommodation arranged on Four Floors comprising: Top Floor: Bedroom (Three); First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC; Ground Floor: Entrance Hall, Living Room, Kitchen; Lower Floor: One Room; Front Yard.

Accommodation

Top Floor: Bedroom (Three). First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen. Lower Floor: One Room. Front Yard.

Location

Situated on Ovenden Road, close to the amenities available in Halifax Town Centre and travelling facilities including Halifax Train Station. Shrogg’s Park is also nearby.

Tenure / Property Information

Investment Analysis

The five supplied same-road completed sales range from £54,000 to £100,000. The two most recent terraced sales were £54,000 and £64,000, while the £80,000 and £100,000 sales provide higher-value evidence. Given the subject is a three-bedroom terraced house requiring modernisation, a cautious HB scenario is £60,000 low, £75,000 base and £90,000 high. These are estimates, not formal valuations.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautiously priced refurbishment or resale opportunity after inspection and review of the special conditions. Do not rely on BTL or BRRR returns until rent and works costs are evidenced.

Works Required

Modernisation of the four-floor house, including review and updating of the living room, kitchen, bathroom/WC, bedrooms and lower-floor room. The evidence does not quantify the required works or identify specific defects, so no refurbishment allowance is provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base estimated GDV of £75,000, 75% refinancing equates to £56,250. However, refurbishment costs, total project cost, finance costs and rent are unsupported, so cash left in and BRRR viability cannot be calculated. Inspection and a quantified works budget are essential before bidding.

Buy-to-Let Analysis

BTL cannot be underwritten from the supplied evidence because no sufficiently specific rental comparable or auctioneer rent estimate is available. Gross yield, operating surplus and maximum supportable purchase price cannot therefore be established. The £1,500 buyer premium would apply at the £30,000 guide because the guide exceeds £10,000.

Flip Analysis

Using the £30,000 guide and £1,500 buyer premium gives a known pre-works acquisition cost of £31,500, excluding any seller fees and other costs. Against the base estimated GDV of £75,000, this indicates £43,500 of gross headroom before refurbishment, selling, finance and other costs. A formal flip surplus cannot be calculated because works and selling allowances are unavailable.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are not supplied.

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

• EPC is listed as TBC.

• The seller may charge additional fees under the special conditions of sale.

• Comparable completed prices vary materially from £54,000 to £100,000, creating GDV uncertainty.

Recommendation

Proceed only as a cautiously priced refurbishment or resale opportunity after inspection and review of the special conditions. Do not rely on BTL or BRRR returns until rent and works costs are evidenced.

Strategy Rating

Analysis Confidence

There are five same-road completed sales and clear tenure, occupancy and accommodation evidence, but no EPC result, rental evidence, quantified works budget, parking/heating detail or confirmed seller charges.