Apartment 30 Tow Path House, 10 Canal Road, Keighley, West Yorkshire

Description

Upon instruction of Countrywide. Leasehold duplex apartment.

Accommodation

Fourth floor: two bedrooms, reception room open plan to kitchen, bathroom/WC. Mezzanine level with shower room/WC. Garage and parking.

Location

The property is located on Canal Road. Shopping amenities can be found locally within Keighley Town Centre. Public transport links are available at Keighley Train Station to the south west and Crossflatts Train Station to the south east, along with a network of local bus services serving the surrounding areas. The property is served by road links including the A650 to the south and A6035 to the south west. Recreational pursuits can be found at Victoria Park to the south west.

Tenure / Property Information

Investment Analysis

The five supplied completed sales for 10 Canal Road, Riddlesden, Keighley range from £80,000 to £125,000, with an arithmetic average of £97,700. They are recorded as leasehold flats/maisonettes but are not confirmed as the same duplex apartment or directly comparable internal condition. A cautious evidence-based scenario range is £80,000 to £125,000, with £97,700 used as the base GDV estimate.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. First obtain the guide price, full legal pack, service-charge and reserve-fund information, parking and garage rights, heating details, seller fees and inspection evidence. Only consider purchase after pricing it conservatively against the £80,000–£125,000 comparable range.

Works Required

No specific defects or refurbishment requirements are evidenced. Before bidding, inspect the apartment, garage and parking arrangements and confirm the condition of the kitchen, bathrooms, finishes, services, heating and communal areas. Obtain the full service-charge, lease and special-conditions information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 999-year lease from 01/12/2004, with approximately 977 years remaining, is supportive of long-term leaseability. At the base GDV, 75% refinance is approximately £73,275. However, purchase price, works, service charge, lender treatment of the leasehold costs and other acquisition costs are unknown, so total funding and cash-left-in cannot be calculated.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The annual service charge, heating position and any other property costs are also unknown. The £100 annual ground rent is stated, but this is insufficient to calculate a reliable net or gross yield.

Flip Analysis

The supplied completed sales imply a broad potential resale range of £80,000 to £125,000, with a simple average of £97,700. A flip surplus cannot be calculated because there is no guide price, refurbishment allowance, purchase-cost basis or supported selling-cost allowance. The wide comparable range creates material valuation uncertainty.

Investor Risks & Due Diligence

• No auction guide price is supplied, so a bid ceiling cannot be calculated.

• Annual service charge and any reserve-fund or other leasehold charges are unknown.

• The supplied comparable prices range widely from £80,000 to £125,000 and are not confirmed as this exact apartment.

• No sufficiently specific rental evidence is supplied, preventing yield and BTL cash-flow analysis.

• Potential seller fees under the special conditions are unknown.

• Parking-field arrangements and heating details require confirmation.

• Property condition and any refurbishment requirement are not evidenced.

Recommendation

Do not bid on the current evidence alone. First obtain the guide price, full legal pack, service-charge and reserve-fund information, parking and garage rights, heating details, seller fees and inspection evidence. Only consider purchase after pricing it conservatively against the £80,000–£125,000 comparable range.

Strategy Rating

Analysis Confidence

There are five completed sales at the same stated address and a long lease, but no guide price, condition evidence, specific rent evidence, service charge, heating information or confirmed comparability to this particular duplex apartment.