2 Bed Terraced House, Refurb/BRRR, Bradford, BD4 7JP, £70,000

Leicester Street, Bradford, BD4 7JP - 4 views - 6 months ago

Refurb/BRRR
ROI: 9%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£34K - £140K
Sold Prices/m²£421/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£63,570

 

 

End Value (After Refurb)

£63,532

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£27,200

Bridging Loan Interest

£1,838

Total Cash In

£52,988

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£63,532

Mortgage (After Refinance)

£47,649

Mortgage LTV

75%

Cash Left In

£52,988

Equity

£15,883

Rent Range

£550 - £895

Rent Estimate

£763

Running Costs/mo

£371

Cashflow/mo

£392

Cashflow/yr

£4,702

ROI

9%

Gross Yield

13%

Local Sold Prices

50 sold prices from £34K to £140K, average is £63K. £421/m² to £2.3K/m², average is £960/m².

PriceDateDistanceAddressBeds 
£56.5K06/210 mi124, Leicester Street, Bradford, West Yorkshire BD4 7JP2
£69K03/230.06 mi19, Brassey Terrace, Bradford, West Yorkshire BD4 7JZ2
£62.5K06/230.09 mi10, Alban Street, Bradford, West Yorkshire BD4 7JG2
£67.5K01/230.1 mi114, Brompton Road, Bradford, West Yorkshire BD4 7JE2
£53K01/210.1 mi7, Rayleigh Street, Bradford, West Yorkshire BD4 7JR2
£53K10/210.11 mi128, New Hey Road, Bradford, West Yorkshire BD4 7LD2
£70K01/210.11 mi301, New Hey Road, Bradford, West Yorkshire BD4 7LD2
£95K01/230.11 mi299, New Hey Road, Bradford, West Yorkshire BD4 7LD2
£54K06/230.11 mi279, New Hey Road, Bradford, West Yorkshire BD4 7LD2
£47K04/210.11 mi50, Paley Terrace, Bradford, West Yorkshire BD4 7HS2
£49K07/230.12 mi70, Paley Terrace, Bradford, West Yorkshire BD4 7HS2
£55K05/210.12 mi42, Paley Terrace, Bradford, West Yorkshire BD4 7HS2
£58K02/210.13 mi69, Brompton Road, Bradford, West Yorkshire BD4 7JD2
£63.5K02/210.13 mi37, Brompton Road, Bradford, West Yorkshire BD4 7JD2
£69K11/200.13 mi6, Coventry Street, Bradford, West Yorkshire BD4 7HX2
£60K03/230.14 mi17, Walker Terrace, Bradford, West Yorkshire BD4 7HP2
£115K01/230.15 mi93, Sheridan Street, Bradford, West Yorkshire BD4 7RN2
£63K05/230.17 mi65, Sheridan Street, Bradford, West Yorkshire BD4 7RN2
£90K12/220.17 mi91, Sheridan Street, Bradford, West Yorkshire BD4 7RN2
£125K03/230.19 mi13, Warwick Road, Bradford, West Yorkshire BD4 7RA2
£125K03/230.22 mi21, Laverton Road, Bradford, West Yorkshire BD4 7RD2
£96.5K06/210.25 mi29, Bromford Road, Bradford, West Yorkshire BD4 7RE2
£115K04/230.3 mi18, Flockton Road, Bradford, West Yorkshire BD4 7RH2
£108K10/200.3 mi52, Busfield Street, Bradford, West Yorkshire BD4 7QY2
£60K06/210.54 mi202, Upper Castle Street, Bradford, West Yorkshire BD5 7SA2
£55K01/210.56 mi7, Birk Lea Street, Bradford, West Yorkshire BD5 7HH2
£74.5K06/230.56 mi33, Dalcross Street, Bradford, West Yorkshire BD5 7HQ2
£115K06/210.62 mi24, Burras Road, Bradford, West Yorkshire BD4 7TD2
£52K10/200.65 mi18, Ackworth Street, Bradford, West Yorkshire BD5 7HA2
£34K01/210.66 mi45, Ackworth Street, Bradford, West Yorkshire BD5 7EZ2
£40K05/210.66 mi53, Ackworth Street, Bradford, West Yorkshire BD5 7EZ2
£78K10/200.7 mi111, Parry Lane, Bradford, West Yorkshire BD4 8QH2
£75K12/200.72 mi14, Buller Street, Bradford, West Yorkshire BD4 8QF2
£89K07/230.72 mi6, Buller Street, Bradford, West Yorkshire BD4 8QF2
£95K10/210.73 mi7, Garthland Way, Bradford, West Yorkshire BD4 9JZ2
£125K03/230.74 mi3, Bela Avenue, Bradford, West Yorkshire BD4 9PL2
£54K01/210.74 mi15, Freds Place, Bradford, West Yorkshire BD4 8RL2
£70K12/220.74 mi60, Rook Lane, Bradford, West Yorkshire BD4 9NJ2
£60K02/210.75 mi5, Crystal Terrace, Bradford, West Yorkshire BD4 9JT2
£55K04/210.76 mi20, Parsonage Road, West Bowling, Bradford, West Yorkshire BD5 8BN2
£59K08/210.79 mi6, Alma Street, Cutler Heights, Bradford, West Yorkshire BD4 9JE2
£63K04/230.79 mi23, Upper Seymour Street, Bradford, West Yorkshire BD3 9LJ2
£45K10/200.82 mi131, Woodroyd Road, Bradford, West Yorkshire BD5 8BA2
£57.8K05/230.82 mi123, Woodroyd Road, Bradford, West Yorkshire BD5 8BA2
£65K08/210.82 mi251, Cutler Heights Lane, Bradford, West Yorkshire BD4 9JG2
£140K06/230.82 mi60, Sangster Way, Bradford, West Yorkshire BD5 8LQ2
£52K12/200.83 mi34, Dickens Street, Bradford, West Yorkshire BD5 8AR2
£40K03/210.85 mi42, Dickens Street, Bradford, West Yorkshire BD5 8AR2
£60.3K03/210.87 mi8, Thursby Street, Bradford, West Yorkshire BD3 9DY2
£85K03/210.87 mi124, Parkside Road, Bradford, West Yorkshire BD5 8EH2

Local Rents

21 rents from £550/mo to £895/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80001/250.07 mi-2
£77503/240.1 miBrompton Road East Bowling, Bradford, Yorkshire, BD4 7JD2
£62505/240.11 mi-2
£62504/240.11 miRayleigh Street, Bradford, BD42
£75002/250.12 mi-2
£62504/250.13 mi-2
£60012/230.13 mi-2
£89512/240.15 mi-2
£79503/250.15 mi-2
£55003/250.18 mi-2
£80001/250.22 mi-2
£75005/240.27 mi-2
£75005/240.27 mi-2
£87505/240.39 mi-2
£87504/250.39 mi-2
£87504/240.39 miLorne Street, Bradford, BD42
£75004/240.41 miEssex Street, Bradford, BD42
£75005/240.41 mi-2
£75005/240.41 mi-2
£85004/250.58 mi-2
£70002/250.59 mi-2

Local Area Statistics

Population in BD4

31,127

Population in Bradford

357,773

Town centre distance

1.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £70,000

October 4, 2024

Description

  • Terrace Property +
  • Two Bedrooms +
  • No Chain +
  • Full Renovation +
  • Garden +

SUMMARY
Two bedroom terrace property in need of a fully renovation. Offered to the market with no onward chain. Call to book a viewing

DESCRIPTION
"PUBLIC NOTICE (14 Days)
We advise that an offer has been made for the above property in the sum of £65000
Any persons wishing to increase on this offer should notify Agent of their best offer prior to exchange of contracts"

Two bedroom back to back terrace property in a sought after residential position benefitting from a garden area. The property is in need of a full renovation. The property briefly comprises; to the ground floor, lounge, kitchen area with stairs to a usefull cellar. To the first floor there are two double bedroom and house bathroom. To the outside there is a garden area. In our opinion this property is likely to appeal to a number of buyers and needs to be viewed to appreciate the accommodation on offer.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Holroyds, Bingley

01274 015771

Next Steps?

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