White House, Oldfield Lane, Leeds, West Yorkshire, LS12 4DS

Description

This completely unique detached home can be found in the heart of The New Wortley Recreation Park and is sure to appeal to investors and developers looking for a property with potential. At present, the property is tenanted and producing an annual income of £14,400 offering a return in excess of 11% when based on the quoted guide price. Unfortunately, we have been unable to access the property internally and are unable to provide a floor plan, internal photos or accommodation information at the current time however, we understand it is in need of refurbishment. As previously mentioned, the property sits in an enviable location in the heart of the park in Wortley with Leeds city centre just over a mile away. Interested parties should be aware that although the loft is currently being used as a bedroom, it does not have building regulations.

Accommodation

House: Not inspected

Location

The property is in the heart of The New Wortley Recreation Park in Wortley, with Leeds city centre just over a mile away.

Tenure / Property Information

Investment Analysis

The guide is £130,000. Same-lane completed sales range from £119,500 to £177,500, but all supplied comparables are terraced freeholds, whereas this property is described as a unique detached house. Internal condition, accommodation and floor area are unverified, so a supported GDV or refurbishment budget cannot be established. The unregulated loft bedroom is a specific compliance risk.

Investment Snapshot

Strategy Recommendation

Investigate as a potential income-producing BTL only, subject to vacant/internal inspection, tenancy and legal due diligence, refurbishment quotations and confirmation of the loft's regulatory status. Do not rely on the headline yield alone.

Works Required

Internal inspection and measured accommodation survey; assess the stated refurbishment requirement; investigate the loft bedroom and building-regulations position; obtain contractor quotations and confirm EPC, services and general condition before bidding.

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 the property was not inspected, refurbishment costs are unavailable and no supported GDV can be established. The 75% refinance figure and residual cash requirement are therefore unsupported. The loft compliance issue and unknown accommodation materially increase refinance risk.

Buy-to-Let Analysis

The supplied income is £14,400 annually, equivalent to £1,200 pcm, producing an 11.08% gross yield against the £130,000 guide. This is based on stated current income rather than independent rental evidence. Tenancy terms, arrears, deposit, repair obligations and actual condition are unknown, so net yield and sustainable market rent cannot be confirmed.

Flip Analysis

A flip appraisal cannot be reliably calculated. The supplied same-lane sales are terraced rather than detached, while the subject's internal layout, condition and floor area are unknown. No supported refurbishment allowance or GDV is available, so flip surplus and maximum bid remain unquantified.

Investor Risks & Due Diligence

• Property has not been inspected internally and no floor plan, internal photographs or accommodation information is available.

• The property is stated to need refurbishment, but the scope and cost are unknown.

• The loft is used as a bedroom without building-regulations approval.

• Tenancy terms, arrears, deposit and repair responsibilities are not supplied.

• The supplied comparable sales are terraced properties and may not represent the value of this detached house.

• Additional search, seller, legal and transfer costs may apply beyond the stated buyer premium and administration charge.

Recommendation

Investigate as a potential income-producing BTL only, subject to vacant/internal inspection, tenancy and legal due diligence, refurbishment quotations and confirmation of the loft's regulatory status. Do not rely on the headline yield alone.

Strategy Rating

Analysis Confidence

The guide, stated annual income, tenure, EPC and some same-lane completed sales are available, but there is no internal access, floor plan, accommodation detail, rental comparable, refurbishment budget or directly comparable detached sale.