Flat 17 York Towers, 383 York Road, Leeds, LS9 6FB

Description

Situated on York Road, close to the amenities available in Leeds City Centre and travelling facilities including Leeds Train Station. A self-contained second floor flat in a purpose-built block.

Accommodation

Entrance Hall; Living Room/Kitchen; Bedroom (One) with en-suite Shower/WC; Bedroom (Two); Bathroom/WC.

Location

Situated on York Road, close to amenities available in Leeds City Centre and travelling facilities including Leeds Train Station.

Tenure / Property Information

Investment Analysis

Five completed sales in the same York Towers building range from £32,375 to £49,000, with an average of £39,575. The comparables are not identified by flat number and no condition, size, service charge or ground-rent information is supplied, so this is an indicative evidence-based range rather than a formal valuation. A base GDV of £39,575 is used, with low and high scenarios based on the supplied comparable range.

Investment Snapshot

Strategy Recommendation

Treat as a speculative value-led auction purchase rather than an income-led investment. Proceed only after confirming the exact flat condition, lease terms, service charge, ground rent, special-condition fees and achievable rent; set a bid ceiling after those checks.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance cannot be estimated without inspection and further property information. Verify condition, statutory compliance, service charges, ground rent and lease documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £39,575 base GDV, a 75% refinance is approximately £29,681. The purchase price, buyer premium and any works may be below or above this amount depending on the auction result and unknown costs, but total project cost and cash left in cannot be calculated because refurbishment, seller fees and other property costs are unsupported.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £1,500 buyer premium is known, while seller fees and other ownership costs are not quantified.

Flip Analysis

The comparable evidence supports an indicative resale range of £32,375 to £49,000, with a £39,575 base. A flip surplus cannot be calculated reliably because works, selling costs, seller fees and the eventual purchase price are unknown.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate, so yield cannot be assessed.

• Comparable sales are in the same building but are not identified as the same flat and may differ in condition, size or specification.

• The listing gives inconsistent lease terms of approximately 116 years and 115 years unexpired.

• Service charge, ground rent and any arrears information are not supplied.

• The seller may charge additional completion fees under the special conditions, but the amounts are not provided.

• The condition and any required works are not evidenced.

• The eventual auction price may materially exceed the £25,000 guide.

Recommendation

Treat as a speculative value-led auction purchase rather than an income-led investment. Proceed only after confirming the exact flat condition, lease terms, service charge, ground rent, special-condition fees and achievable rent; set a bid ceiling after those checks.

Strategy Rating

Analysis Confidence

There are five recent completed sales in the same building, but the flat numbers, condition, floor area, rental evidence, service charges, ground rent, seller fees and refurbishment requirements are not supplied.