Apartment 16, 53 Leeds Road, Bradford, Bradford, BD1 5AF

Description

This one bedroom apartment, on the third floor of a Grade II listed converted building is offered for sale via traditional auction. The property would benefit from some internal renovation, however would make a great addition to a rental portfolio.

Accommodation

Living/kitchen, bedroom, laundry room and bathroom to the ground floor.

Location

Located directly in Bradford city centre, close to a wealth of amenities including shops and transport links via train and bus.

Tenure / Property Information

Investment Analysis

The supplied completed sales at 53 Leeds Road range from £35,000 to £58,000, with the most recent sale at £38,000 on 22 January 2026 and another at £35,000 on 29 August 2023. These sales are recorded for the building address rather than specifically identified as Apartment 16, so they provide an indicative rather than definitive valuation. A base GDV of £38,000 is used, with £35,000 as a low scenario and £58,000 as a high historical scenario. The wide range and lack of unit-specific details require caution.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the apartment-specific comparable evidence, obtaining the service-charge and ground-rent information, inspecting the renovation requirement and establishing a supported rental figure. Do not set a bid limit from the current evidence alone.

Works Required

The description states that the apartment would benefit from some internal renovation. No detailed schedule or condition evidence is supplied, so the work scope and cost cannot be quantified. Obtain inspection and quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £38,000 base GDV, 75% refinance is £28,500. However, refurbishment cost, service charge, ground rent, finance costs and other acquisition or legal charges are unknown, so total project cost and cash left in cannot be calculated reliably. BRRR viability remains unproven.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Service charge and ground rent are also awaiting information. The guide is £17,000, with a £1,680 buyer premium and an admin charge of at least £2,100, before refurbishment and other possible charges, but no supported rent or net operating cost is available.

Flip Analysis

The recent building-address sales support an indicative base GDV of £38,000, but the comparable transactions are not identified specifically as Apartment 16 and the property requires unspecified internal renovation. A flip surplus cannot be calculated without a supported refurbishment budget and selling-cost allowance. The guide alone is not a sufficient basis for a bid.

Investor Risks & Due Diligence

• Comparable sales are recorded for 53 Leeds Road rather than specifically identifying Apartment 16.

• The property is leasehold and service charge and ground rent information is outstanding.

• The apartment requires some internal renovation, but the scope and cost are unknown.

• No sufficiently specific rental evidence or auctioneer rent estimate is provided.

• Buyer premium, minimum admin charge and possible additional search, seller-cost, legal, transfer and other disbursements reduce the investment margin.

• The property is in a Grade II listed converted building, which may require additional consideration for works, although no specific restriction or consent requirement is supplied.

Recommendation

Proceed only after reviewing the legal pack, confirming the apartment-specific comparable evidence, obtaining the service-charge and ground-rent information, inspecting the renovation requirement and establishing a supported rental figure. Do not set a bid limit from the current evidence alone.

Strategy Rating

Analysis Confidence

There are several completed sales at the building address and known auction charges, but no unit-specific valuation confirmation, rental evidence, refurbishment budget, service-charge or ground-rent information.