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Freehold Ground Rent, Croft Court off Town Street, Horsforth, Leeds, West Yorkshire LS18 4BA
Marketed by:
BTG Eddisons
340 Deansgate, Manchester M3 4LY, UK
0345 646 2288
Ground Rent Investment – Leeds
Freehold Ground Rent, Croft Court off Town Street, Horsforth, Leeds, West Yorkshire LS18 4BA
For Sale
£7,500+
Key Features
Ground Rent Investment
Located in Leeds
Guide price £7,500+
Status: For Sale
Description
Description The Freehold to a site of just over 1 acre, sold subject to a 999 year (and one day) lease from the 1st January 1982 to Croft Court (Horsforth) Limited at an annual ground rent of £850. The development is located at the corner of Town Street and Broadgate Lane in the Horsforth area to the north west of Leeds and is well placed for the airport and rail network. Tenure Freehold Occupancy Subject to a lease
Investment Analysis
Investment Snapshot
| Guide Price | £7,500+ |
| Refurbishment / Works Budget | £8,500–£18,000 |
| Purchase + Works | £16,000–£25,500 |
| Estimated GDV | £8,000 low / £8,000 base / £9,000 high |
| 75% Refinance – Base GDV | £6,000 |
Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.
Market Comparables
Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £8,250.
HB estimated GDV: £8,000 low / £8,000 base / £9,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.
Proposed Works
| Compliance/surveys | £1,000–£2,000 |
| Repairs | £1,500–£3,500 |
| Decoration/flooring | £2,000–£4,500 |
| Kitchen/bath contingency | £2,500–£5,000 |
| Contingency | £1,500–£3,000 |
| Total | £8,500–£18,000 |
The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.
Strategy & Value Analysis
This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.
Key Risks
Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.
Auction Details :
BTG Eddisons
Auction Date :
29/09/26
Lot Number :
007
Property Location:
Freehold Ground Rent, Croft Court off Town Street, Horsforth, Leeds, West Yorkshire LS18 4BA
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