72 Chandos Avenue, Leeds, West Yorkshire

Description

A Vacant Three Bedroom Semi Detached House in Need of Refurbishment. Potential for a Loft Conversion (Subject to Obtaining all Relevant Consents)

Accommodation

Ground Floor: Reception Room; Kitchen/Diner; Utility Room. First Floor: Three Bedrooms; Bathroom; Separate WC. Exterior: Front and rear gardens and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Roundhay Park are within easy reach. Transport links are provided by Leeds rail station.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Chandos Avenue range from £340,000 to £482,500, with a simple average of £392,500. The £392,500 base GDV is an evidence-led estimate only; the comparables may differ in size, specification and condition, and no floor area or detailed condition survey is supplied. A low scenario of £340,000 and high scenario of £482,500 reflect the observed comparable range.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led BTL or flip, subject to survey, detailed costings, legal-pack review and confirmation that the purchase remains viable after all fees. Do not rely on the loft-conversion potential without consent confirmation.

Works Required

General refurbishment is required, but the evidence does not identify the specific works or their cost. Obtain a survey and contractor quotations. Investigate the stated loft-conversion potential only subject to all relevant consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 guide, the purchase price is materially below the £392,500 comparable-derived base GDV, but the refurbishment budget and other fees are not supplied. A 75% refinance of the base GDV would be £294,375, but cash left in cannot be calculated without a complete project cost. Validate the GDV, refurbishment scope, lending assumptions and legal-pack costs before bidding.

Buy-to-Let Analysis

The supplied advertised asking rents for three-bedroom properties range from £1,245 to £1,600 pcm. Using the midpoint of £1,420 pcm gives annual rent of £17,040 and an indicative gross yield of 8.52% against the £200,000 guide; the evidence range implies approximately 7.47%–9.60%. This is not a passing-rent assessment, and yield on total cost cannot be established because refurbishment and other purchase costs are unknown.

Flip Analysis

A potential resale margin is indicated by the difference between the £200,000 guide and the comparable-derived GDV range, but no refurbishment allowance, buyer premium, selling costs or other project costs are available. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• The property is described as needing refurbishment, but the scope and cost of works are not supplied.

• The buyer premium and other charges, including possible search, seller, legal, transfer and disbursement costs, are uncertain.

• The comparable sale prices vary substantially from £340,000 to £482,500 and may not reflect this property's condition or specification.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• The property is vacant, so there is no evidenced existing rental income.

• The loft-conversion potential is expressly subject to obtaining all relevant consents.

Recommendation

Potential refurbishment-led BTL or flip, subject to survey, detailed costings, legal-pack review and confirmation that the purchase remains viable after all fees. Do not rely on the loft-conversion potential without consent confirmation.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and multiple three-bedroom asking-rent references, but the property’s floor area, detailed condition, refurbishment cost, buyer premium and other legal or project costs are unknown.