64 Bolton Road, Leicester, LE3 6AD

Description

A three bedroom mid terraced property, standing flush to the pavement. The property benefits from double glazing and gas fired central heating however, it is in need of modernisation throughout.

Accommodation

Ground Floor: Through Reception Room, Kitchen. First Floor: Landing, Two Bedrooms, Bathroom/WC. Second Floor: Bedroom. Outside: Rear Garden.

Tenure / Property Information

Investment Analysis

The latest supplied comparable is 88 Bolton Road at £163,000 in July 2026, with 100 Bolton Road at £160,000 in June 2023. Allowing for the limited evidence and the subject property's stated need for modernisation throughout, an indicative base GDV of £160,000 is used. A low scenario of £150,000 and high scenario of £163,000 are adopted as evidence-based working scenarios, not formal valuations.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review and a firm contractor quotation. Do not rely on the apparent margin or headline yield until modernisation and all completion costs are established.

Works Required

Modernisation throughout, as stated in the auction description. The supplied evidence does not provide sufficient detail to specify or cost individual works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £39,000 guide, the 75% refinance figure on the £160,000 base GDV would be approximately £120,000. However, total project cost and cash left in cannot be calculated because the required modernisation has not been scoped or costed and additional special-condition costs are unknown. BRRR potential appears substantial on the supplied figures but remains unverified.

Buy-to-Let Analysis

The supplied advertised asking rent is £1,200 pcm, equating to £14,400 annually. Against the £39,000 guide alone, the gross yield is approximately 36.9%, but this excludes modernisation, acquisition and finance costs. A reliable BTL yield on total cost cannot be established because refurbishment costs and any additional completion costs are unknown. The rent is an asking rent, not an achieved or passing rent.

Flip Analysis

Using the £160,000 base GDV, the spread over the £39,000 guide is large. Nevertheless, no supported refurbishment allowance, selling costs, finance costs or full acquisition costs are available, so a net flip surplus cannot be calculated. The comparable evidence supports a working GDV range of £150,000 to £163,000 only as an indicative analysis range.

Investor Risks & Due Diligence

• The property is stated to require modernisation throughout, but the extent and cost of works are not supplied.

• The £1,200 pcm figure is an advertised asking rent and may not be achieved.

• The guide price is not a final sale price and may be exceeded at auction.

• Additional costs in the special conditions are unknown and payable on completion.

• The supplied comparables do not include detailed accommodation, condition or specification information, limiting GDV precision.

• A reliable maximum bid and total project cost cannot be calculated without refurbishment and completion-cost evidence.

Recommendation

Potential refurbishment-led BTL or BRRR, subject to inspection, legal-pack review and a firm contractor quotation. Do not rely on the apparent margin or headline yield until modernisation and all completion costs are established.

Strategy Rating

Analysis Confidence

Recent local sold comparables, a guide price, one advertised rent and the administration charge are supplied. However, the property's condition is only broadly described, refurbishment costs, full legal-pack costs, achieved rent evidence and selling costs are unavailable.