10 Bed HMO, Bradford, BD12 8AR, £440,000

High Fernley Road, Wyke, Bradford, West Yorkshire, BD12 8AR - 16 views - 7 months ago

Sold STC
Auction
HMO
Cash
ROI: 5%
~310 m²
+20 photos

ValuationFair Value

Sold Prices£110K - £665K
Sold Prices/m²£906/m² - £4K/m²

 

 

Square Metres

~310 m²
Price/m²£1.4K/m²

Value Estimate

£448,800

 

 

End Value (After Refurb)

£506,789

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£110,000

Stamp Duty & Legal Fees

£23,900

Refurb Costs

£123,121

Bridging Loan Interest

£11,550

Total Cash In

£270,321

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£506,789

Mortgage (After Refinance)

£380,092

Mortgage LTV

75%

Cash Released

£50,092

Cash Left In

£220,229

Equity

£126,697

Room Rate

£468

Gross Rent

£4,680

Running Costs/mo

£3,642

Cashflow/mo

£1,038

Cashflow/yr

£12,460

ROI

5%

Gross Yield

13%

Local Sold Prices

50 sold prices from £110K to £665K, average is £240K. £906/m² to £4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£220K04/230.09 mi11, Barraclough Square, Bradford, West Yorkshire BD12 8NQ4
£235K02/210.13 mi89, Wilson Road, Wyke, Bradford, West Yorkshire BD12 9HA4
£242K05/230.17 mi55, Storr Hill, Wyke, Bradford, West Yorkshire BD12 8PQ4
£275K02/230.19 mi72, Elizabeth Avenue, Wyke, Bradford, West Yorkshire BD12 8NF4
£220K11/220.21 mi1, Mayfield View, Wyke, Bradford, West Yorkshire BD12 9PY4
£195K04/210.23 mi4a, Carr House Lane, Wyke, Bradford, West Yorkshire BD12 8BY4
£297K06/210.3 mi21, The Hudson, Wyke, Bradford, West Yorkshire BD12 8HZ4
£192K10/230.35 mi27, West Croft, Wyke, Bradford, West Yorkshire BD12 8JN4
£209.1K12/210.37 mi67, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HW4
£285K01/210.37 mi55, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HW4
£344.8K12/200.37 mi1, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HW4
£195K03/220.39 mi46a, Wyke Crescent, Wyke, Bradford, West Yorkshire BD12 9AT4
£138K06/210.39 mi46a, Wyke Crescent, Wyke, Bradford, West Yorkshire BD12 9AT4
£241K02/210.41 mi20, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HY4
£241K02/210.41 mi20, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HY4
£240K01/210.41 mi22, Hudson View, Wyke, Bradford, West Yorkshire BD12 8HY4
£250K11/200.41 mi44, Markfield Avenue, Low Moor, Bradford, West Yorkshire BD12 0UH4
£170K05/210.41 mi88, Markfield Avenue, Low Moor, Bradford, West Yorkshire BD12 0UH4
£110K08/230.45 mi124, Town Gate, Wyke, Bradford, West Yorkshire BD12 9JL4
£166K04/210.45 mi126, Town Gate, Wyke, Bradford, West Yorkshire BD12 9JL4
£233K04/220.45 mi1, Francis Close, Wyke, Bradford, West Yorkshire BD12 8LT4
£220K11/220.45 mi647, Huddersfield Road, Wyke, Bradford, West Yorkshire BD12 8JX4
£237.8K10/210.53 mi682, Huddersfield Road, Wyke, Bradford, West Yorkshire BD12 8JY4
£172K05/230.53 mi674, Huddersfield Road, Wyke, Bradford, West Yorkshire BD12 8JY4
£190K01/210.54 mi34, Silver Birch Drive, Wyke, Bradford, West Yorkshire BD12 9ES4
£417.5K03/220.56 mi3, Green Lane, Wyke, Bradford, West Yorkshire BD12 8LB4
£225K11/200.56 mi7, Green Lane, Wyke, Bradford, West Yorkshire BD12 8LB4
£320K02/230.62 mi237, Westfield Lane, Wyke, Bradford, West Yorkshire BD12 9BY4
£240K01/210.65 mi26a, St Marys Close, Wyke, Bradford, West Yorkshire BD12 8RE4
£260K12/220.69 mi4, Sellerdale Rise, Wyke, Bradford, West Yorkshire BD12 9LL4
£240K03/230.7 mi9, Rushdene Court, Wyke, Bradford, West Yorkshire BD12 9JG4
£297.5K06/220.71 mi152, Westfield Lane, Wyke, Bradford, West Yorkshire BD12 9DL4
£298K04/230.72 mi17, Sellerdale Avenue, Wyke, Bradford, West Yorkshire BD12 9LJ4
£145K06/210.73 mi28, New Works Road, Low Moor, Bradford, West Yorkshire BD12 0LB4
£339.9K08/210.75 mi6, Woodkirk Grove, Wyke, Bradford, West Yorkshire BD12 9JY4
£300K06/230.75 mi5, Woodkirk Grove, Wyke, Bradford, West Yorkshire BD12 9JY4
£295K06/210.75 mi3, Villa Mount, Wyke, Bradford, West Yorkshire BD12 9LD4
£148K01/230.76 mi634, Cleckheaton Road, Low Moor, Bradford, West Yorkshire BD12 0LQ4
£260K11/230.77 mi25, Greengates Avenue, Wyke, Bradford, West Yorkshire BD12 9LQ4
£113K01/210.78 mi6, Park Road, Low Moor, Bradford, West Yorkshire BD12 0EH4
£260K02/240.81 mi389, Whitehall Road, Wyke, Bradford, West Yorkshire BD12 9DP4
£665K06/230.81 mi393, Whitehall Road, Wyke, Bradford, West Yorkshire BD12 9DP4
£398K02/210.81 mi9, Salroyd Road, Low Moor, Bradford, West Yorkshire BD12 0JN4
£240K07/210.82 mi3, Cheviot Gate, Low Moor, Bradford, West Yorkshire BD12 0EA4
£210K03/220.82 mi13, Meadow View, Wyke, Bradford, West Yorkshire BD12 9LA4
£215K07/230.83 mi3, Fifth Street, Low Moor, Bradford, West Yorkshire BD12 0HY4
£165K05/230.86 mi54, Park Road, Low Moor, Bradford, West Yorkshire BD12 0DL4
£425K05/230.86 mi61, Park Road, Low Moor, Bradford, West Yorkshire BD12 0DL4
£198K08/210.87 mi3, Besha Grove, Low Moor, Bradford, West Yorkshire BD12 0SX4
£440K03/230.89 mi280, Whitehall Road, Wyke, Bradford, West Yorkshire BD12 9DX4

Local Area Statistics

Population in BD12

16,821

Population in Bradford

357,773

Town centre distance

3.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £440,000

October 4, 2024

Floor Plans

Description

  • Modern Method Of Auction +
  • Starting Bid: £460,000 +
  • Potential HMO +
  • Cash Buyers Only +
  • 9/10 Bedrooms +
  • 4 Bathrooms +
  • Council Tax Band: E +
  • EPC Rating: TBC +

To be sold via Modern Method Of Auction Starting Bid: £440,000
CALLING ALL INVESTORSPOTENTIAL HMOCASH BUYERS ONLY
To be sold via Modern Method Of Auction Starting Bid: £440,000
This recently part-renovated detached property dating back to 1936 and close to the Wyke village centre will be of interest to cash buyers only and has to potential to be a HMO or a spacious home for a large family.

Benefitting from a double storey extension to the rear, housing 9/10 bedrooms, 4 bathrooms and 2 reception rooms, this is a sizable property that requires the finishing touches to be fully renovated. Sitting in a good sized plot with a driveway for multiple cars and two double garages, this property needs to be viewed to be appreciated.

This attractive detached property is close to the Wyke village centre and handily accessible for Bradford, Halifax, the M62 and Low Moor Station.

Agent Details

Whitegates, Bradford

01274 003531

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪