Flat 2, 67 Clarendon Road, Leeds, West Yorkshire LS2 9DR

Description

A ground floor, two bedroom flat occupying part of an attractive period building on Clarendon Road, a well-established residential location close to Leeds city centre. The property comprises a living area with large bay windows, two en-suite bedrooms and a kitchen. The apartment would benefit from a scheme of refurbishment and modernisation, offering purchasers the opportunity to improve and add value. The property may be suitable for owner occupation, letting investment or resale following renovation, subject to any necessary consents.

Accommodation

Living area with large bay windows, two en-suite bedrooms and a kitchen.

Location

Clarendon Road is conveniently situated within easy reach of Leeds city centre, the University of Leeds, Leeds Beckett University and Leeds General Infirmary. A wide range of shops, restaurants, leisure facilities and public transport links are available nearby.

Tenure / Property Information

Investment Analysis

The supplied sold evidence is for the same address but is highly inconsistent, ranging from £30,000 to £200,000 between 2013 and 2021. It does not identify the specific flat, condition, floor, lease length or transaction circumstances, so it cannot support a reliable current GDV. The £85,000+ guide is below the highest recorded sale but no current valuation or sufficiently specific comparable is available. The lease states a ground-rent increase to £750 per annum in June 2026, with service-charge and review details still requiring legal-pack confirmation.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after reviewing the legal pack, confirming lease and service-charge liabilities, obtaining a survey and priced refurbishment scope, and securing a current valuation. Do not rely on the supplied sales alone to set a bid.

Works Required

Refurbishment and modernisation of the living area, two en-suite bedrooms and kitchen, as supported by the description. The scope and cost cannot be quantified without a survey, specification and contractor pricing. Any required consents should be confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because GDV, refurbishment cost, rent, service charge and refinance terms are unsupported. At the £85,000 guide, the buyer premium would be £1,200 because the 1.2% calculation is below the stated minimum, giving £86,200 before refurbishment and other possible legal-pack fees; this is not a total project cost.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is provided, so rent, yield and BTL affordability cannot be established. The £750 per annum ground rent stated for June 2026, plus any service charge, would need to be reflected in the full operating-cost assessment.

Flip Analysis

The flat is described as suitable for resale following renovation, but no reliable current GDV or refurbishment allowance is available. The inconsistent same-address sales and lease-cost uncertainty prevent a supported flip surplus or maximum bid calculation.

Investor Risks & Due Diligence

• The supplied same-address sold prices are materially inconsistent and may not relate to the specific flat or comparable condition.

• The lease provides for ground rent to rise to £750 per annum in June 2026; the legal-pack position and future review terms require confirmation.

• Service-charge liability and review periods are not provided.

• Refurbishment is required, but no survey, specification or cost evidence is supplied.

• No sufficiently specific rent evidence is available, preventing a supported BTL yield calculation.

• Special Conditions of Sale may contain additional fees not supplied.

• Leasehold title, remaining term and other legal matters require review of the legal pack.

Recommendation

Proceed only conditionally after reviewing the legal pack, confirming lease and service-charge liabilities, obtaining a survey and priced refurbishment scope, and securing a current valuation. Do not rely on the supplied sales alone to set a bid.

Strategy Rating

Analysis Confidence

The property description, guide, tenure, buyer premium and some same-address sales are supplied, but there is no specific rental evidence, current valuation, refurbishment cost, EPC, service-charge figure or detailed identification of the sold comparables.