6 Bed HMO, Bradford, BD2 1EH, £280,000

REF SR - Brisbane Avenue, Bolton, Bradford, West Yorkshire, BD2 1EH - 11 views - 4 months ago

HMO
Planning
ROI: 3%
~186 m²
+17 photos

ValuationUndervalued

Sold Prices£130K - £1.4M
Sold Prices/m²£617/m² - £3.9K/m²

 

 

Square Metres

~186 m²
Price/m²£1.5K/m²

Value Estimate

£288,400
BMV3%

 

 

End Value (After Refurb)

£357,950

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£73,600

Bridging Loan Interest

£7,350

Total Cash In

£163,800

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£357,950

Mortgage (After Refinance)

£268,462

Mortgage LTV

75%

Cash Released

£58,462

Cash Left In

£105,338

Equity

£89,487

Room Rate

£459

Gross Rent

£2,754

Running Costs/mo

£2,366

Cashflow/mo

£388

Cashflow/yr

£4,652

ROI

3%

Gross Yield

12%

Local Sold Prices

29 sold prices from £130K to £1.4M, average is £350K. £617/m² to £3.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£350K04/220.56 mi25, Calderwood Close, Shipley, West Yorkshire BD18 1PZ6
£333K06/210.56 mi25, Calderwood Close, Shipley, West Yorkshire BD18 1PZ6
£370K08/230.67 mi3, Ennerdale Road, Bradford, West Yorkshire BD2 4JB6
£390K02/230.68 mi15, Parkfield Road, Bradford, West Yorkshire BD8 7AA6
£280K11/220.73 mi17, Parkfield Road, Bradford, West Yorkshire BD8 7AA6
£410K11/220.88 mi40, Oakdale Grove, Shipley, West Yorkshire BD18 1NX6
£354K01/210.88 mi38, Oakdale Grove, Shipley, West Yorkshire BD18 1NX6
£350K01/220.91 mi262, Keighley Road, Bradford, West Yorkshire BD9 4JX6
£840K07/211.01 mi79, Westfield Lane, Shipley, West Yorkshire BD18 1LH6
£195K06/211.06 mi27, Victor Road, Bradford, West Yorkshire BD9 4QN6
£525K09/221.22 mi8, Carlton Drive, Bradford, West Yorkshire BD9 4DL6
£450K04/211.41 mi161, Westfield Lane, Idle, Bradford, West Yorkshire BD10 8UB6
£400K03/231.43 mi13, Redburn Drive, Shipley, West Yorkshire BD18 3AZ6
£285K04/211.43 mi354, Harrogate Road, Bradford, West Yorkshire BD2 3TB6
£305K02/231.59 mi2, Hall Royd, Shipley, West Yorkshire BD18 3ED6
£130K10/201.59 mi12, Leylands Lane, Bradford, West Yorkshire BD9 5PX6
£290K11/201.91 mi9, Farfield Road, Shipley, West Yorkshire BD18 4QP6
£340K12/202.05 mi470, Leeds Road, Idle, Bradford, West Yorkshire BD10 9AA6
£293K08/212.13 mi163, Horton Grange Road, Bradford, West Yorkshire BD7 2DN6
£325K10/222.31 mi21, Rhylstone Mount, Bradford, West Yorkshire BD7 2QB6
£144K03/212.32 mi9, Cranbourne Road, Bradford, West Yorkshire BD9 6BH6
£240K01/212.32 mi2, Cranbourne Road, Bradford, West Yorkshire BD9 6BH6
£675K11/202.39 mi2, Parkin Lane, Bradford, West Yorkshire BD10 0NF6
£610K06/232.44 mi9, Nab Wood Drive, Shipley, West Yorkshire BD18 4HP6
£580K03/212.82 mi5, Rylstone Road, Baildon, Shipley, West Yorkshire BD17 5BQ6
£640K06/212.84 mi15, Woodhall Road, Calverley, Pudsey, West Yorkshire LS28 5NL6
£156K06/212.89 mi13, Dene Mount, Allerton, Bradford, West Yorkshire BD15 7QA6
£1.2M11/202.92 miWoodhill, Calverley Lane, Calverley, Pudsey, West Yorkshire LS28 5QQ6
£1.4M01/212.92 miThorne Dene, Calverley Lane, Calverley, Pudsey, West Yorkshire LS28 5QQ6

Local Area Statistics

Population in BD2

29,665

Population in Bradford

357,773

Town centre distance

1.96 miles away

Nearest school

0.20 miles away

Nearest train station

0.78 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £280,000

December 9, 2024

Floor Plans

Description

  • SIX-BEDROOM - SEMI DETACHED BUNGALOW - A FLEXIBLE LIVING SPACE +
  • 360 WALKTHROUGH VIDEO LINK AVAILABLE +
  • NEWLY FITTED KITCHEN, BATHROOM & NEWLY RENOVATED +
  • SHOWER ROOM AND SEPARATE FAMILY BATHROOM +
  • DRIVEWAY AND EXTENDED GARAGE +
  • DOUBLE GLAZING & GAS CENTRAL HEATING +
  • CLOSE TO LOCAL AMENITIES +
  • POTENTIAL FOR HMO SUBJECT TO COUNCIL SIGN OFF +
  • COUNCIL TAX BAND C +
  • EPC RATING GRADE D - 20/08/2020 (PRIOR TO REFURBISHMENT) +

Nestled in the sought-after location of Brisbane Avenue, Bradford, this charming six-bedroom semi-detached dorma bungalow is a true gem waiting to be discovered. If you required two reception rooms, then bedroom 4 would make an ideal room, giving this home, five bedrooms and two reception rooms.

Boasting a newly fitted kitchen with further additional units available from the vendor. This home has two full bathrooms, making family life a breeze in the morning. There is a blend of modern convenience and homely charm.

As you step inside, you'll be greeted by a hallway leading to a reception room and flexible living spaces, ideal for creating the home of your dreams. With a shower room upstairs and a separate family bathroom downstairs, convenience is key in this lovely abode.

Parking will never be an issue with space for multiple vehicles, including a drive and garage, the garage door will be replaced before completion (advised by vendor). Being newly renovated, ensuring a fresh and inviting atmosphere for you to enjoy.

The location of this property is nothing short of idyllic. Situated in a quiet and peaceful neighbourhood, it is surrounded by green spaces and walking routes, perfect for those who enjoy the outdoors. The property also benefits from excellent public transport links, enabling easy commuting. In addition, it is near local amenities and schools, making it an ideal home for families and couples. The area boasts a strong local community, adding to the charm and appeal of this fantastic property.

This bungalow offers a fantastic opportunity for those considering an HMO, subject to planning permission. The vendor has advised that there are mains linked smoke detectors installed. There has been a planning application decided for an extension of 6 metres - ref - 20/01460/PNH.

Don't miss out on making this property your own and experience the best of what Bradford has to offer. Book your viewing today and step into the future of your dream home.

Ground Floor -

Hallway -

Kitchen - 3.38 x 2.68 (11'1" x 8'9") -

Reception Room - 4.12 x 3.34 (13'6" x 10'11") -

Reception Room 2 / Bedroom 4 - 4.13 x3.30 (13'6" x10'9") -

Bedroom 6 - 3.01 x 2.72 (9'10" x 8'11") -

Bathroom - 2.11 x1.84 (6'11" x6'0") -

First Floor -

Bedroom 1 - 2.95 x 2.95 (9'8" x 9'8") -

Bedroom 2 - 3.24 x 3.01 (10'7" x 9'10") -

Bedroom 3 - 3.29 x 3.07 (10'9" x 10'0") -

Bedroom 5 - 3.26 x 2.81 (10'8" x 9'2") -

Shower Room - 2.48 x 1.88 (8'1" x 6'2") -

External -

Front Garden -

Rear Garden -

Driveway -

Extended Garage -

Agent Details

Hunters, Bradford

01274 003067

Next Steps?

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