65 Howden Clough Road, Morley, Leeds, West Yorkshire

Description

This three bedroom, through terrace would be an ideal opportunity for someone seeking a project. It does require a full renovation; however, once complete, it would be an ideal home for a first-time buyer or as a rental investment. It also benefits from a rear garden. We did note internal cracking and sloping floors at the rear of the property; we advise buyers to do their own research in this regard.

Accommodation

Ground Floor: Living room and kitchen. First Floor: Three bedrooms and shower room. Externally: Rear garden.

Location

Located in Morley, within easy reach of the shops, supermarkets and schools within the town centre. Morley is a popular commuter town for Leeds, with a train station and access to the motorway network.

Tenure / Property Information

Investment Analysis

Sold comparables on Howden Clough Road range from £90,000 to £223,500. The most recent comparable, 79 Howden Clough Road, sold for £185,000 in June 2025. Given the subject requires full renovation and has reported internal cracking and sloping rear floors, £185,000 is used as an indicative base GDV only, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and obtaining structural and refurbishment advice. Do not bid without a firm works budget.

Works Required

Full renovation required. Investigate the reported internal cracking and sloping rear floors before specifying any remedial works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £185,000 base GDV, a 75% refinance would be approximately £138,750. Total project cost, cash left in and equity cannot be calculated because refurbishment costs and other disbursements are unknown.

Buy-to-Let Analysis

BTL suitability cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Full renovation and potentially significant structural investigation are required.

Flip Analysis

An indicative resale value range of £166,000 to £223,500 is supported by the supplied comparables, with £185,000 as the base case. Flip surplus cannot be calculated without refurbishment, finance, selling and complete purchase costs.

Investor Risks & Due Diligence

• Internal cracking and sloping floors at the rear require investigation.

• The property requires full renovation, but no cost estimate is supplied.

• No sufficiently specific rental evidence is available.

• Additional legal disbursements may be payable and are not quantified.

• Comparable sale prices vary materially from £90,000 to £223,500.

Recommendation

Proceed only after reviewing the legal pack and obtaining structural and refurbishment advice. Do not bid without a firm works budget.

Strategy Rating

Analysis Confidence

Sold comparables and auction fees are supplied, but condition-adjusted valuation, refurbishment costs, rental evidence and legal disbursements are unavailable.