622 Thornton Road, Bradford, West Yorkshire, BD8 9SF

Description

Freehold two-bedroom terrace house. Full vacant possession. 3D Tour available.

Accommodation

First floor: two bedrooms, bathroom/WC. Ground floor: entrance hall, reception room, kitchen. Cellar. Outside: rear yard.

Location

The property is situated on Thornton Road. Public transport links are well provided with Bradford Forster Square and Bradford Interchange Railway Stations, together with a network of local bus services serving the surrounding vicinity. Shopping amenities can be found locally within Bradford City Centre including Kirkgate Shopping Centre and The Broadway. Recreational pursuits include West Park and Lister Park.

Tenure / Property Information

Investment Analysis

The supplied completed sales on the same road range from £58,000 to £78,000 for the more recent 2023–2024 evidence, with older sales ranging from £68,000 to £134,500. The £134,500 sale is materially above the other evidence and has not been used as the base indication. Given the absence of condition, size and specification detail, an indicative base GDV of £68,000 is used, with a supported evidence range of £58,000–£78,000. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautious value-led purchase subject to legal review, full inspection and confirmation of achievable rent. Do not rely on the apparent guide-to-GDV spread without verified costs, condition and selling or refinancing assumptions.

Works Required

No specific defects or required works are evidenced. Obtain a full inspection and confirm the condition of the two-bedroom accommodation, bathroom/WC, kitchen, cellar, heating and external yard before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £68,000 base GDV, 75% refinance is approximately £51,000. Purchase costs, refurbishment costs, finance costs and rent are not sufficiently evidenced, so cash recycling and BRRR viability cannot be calculated. The known £1,800 inclusive-of-VAT contract documentation fee would also need to be included in any detailed appraisal, alongside any applicable seller charges.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant, so there is no passing rent to assess. Confirm achievable rent and operating costs before bidding.

Flip Analysis

The indicative base GDV is £68,000, but refurbishment costs, finance costs, selling costs and the purchase price achieved are not established. A reliable flip surplus and maximum bid therefore cannot be calculated. The guide is £45,000, before the known £1,800 documentation fee and any applicable seller charges.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or passing rent is available.

• Property condition and refurbishment requirements are not evidenced.

• The comparable sales vary materially, including a substantially higher 2021 sale that may not be representative.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Parking and heating details require confirmation.

• The known £1,800 inclusive-of-VAT contract documentation fee is payable by the buyer.

Recommendation

Proceed only as a cautious value-led purchase subject to legal review, full inspection and confirmation of achievable rent. Do not rely on the apparent guide-to-GDV spread without verified costs, condition and selling or refinancing assumptions.

Strategy Rating

Analysis Confidence

Same-road completed sales and tenure, accommodation and vacancy information are supplied, but condition, dimensions, rent, refurbishment costs, finance costs and potential seller charges are not sufficiently evidenced.