3 Bed Terraced House, Refurb/BRRR, Bradford, BD2 4QX, £65,000

Hatfield Road, Bradford, BD2 4QX - 4 views - 2 months ago

Sold STC
Auction
Cash
Refurb/BRRR
ROI: 11%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£68K - £220K
Sold Prices/m²£466/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£65,000

 

 

End Value (After Refurb)

£102,920

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£36,800

Bridging Loan Interest

£1,706

Total Cash In

£59,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£102,920

Mortgage (After Refinance)

£77,190

Mortgage LTV

75%

Cash Released

£28,440

Cash Left In

£31,216

Equity

£25,730

Rent Range

£750 - £1,100

Rent Estimate

£1,115

Running Costs/mo

£565

Cashflow/mo

£550

Cashflow/yr

£6,605

ROI

11%

Gross Yield

21%

Local Sold Prices

50 sold prices from £68K to £220K, average is £125K. £466/m² to £2.8K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£98K09/210 mi24, Hatfield Road, Bradford, West Yorkshire BD2 4QX3
£95K12/200.14 mi20, Vernon Place, Bradford, West Yorkshire BD2 4QN3
£95K04/210.15 mi26, Peel Park Drive, Bradford, West Yorkshire BD2 4PS3
£105K09/210.16 mi48, Pollard Lane, Bradford, West Yorkshire BD2 4RN3
£100K01/230.17 mi11, Oxford Road, Bradford, West Yorkshire BD2 4PN3
£141.9K07/230.18 mi21, Barmby Road, Bradford, West Yorkshire BD2 4RE3
£136.5K07/230.18 mi19, Barmby Road, Bradford, West Yorkshire BD2 4RE3
£90K06/210.19 mi19, Undercliffe Old Road, Bradford, West Yorkshire BD2 4RQ3
£89K10/200.19 mi11, Undercliffe Old Road, Bradford, West Yorkshire BD2 4RQ3
£109.5K01/230.19 mi18, Westfield Terrace, Bradford, West Yorkshire BD2 4RJ3
£100K02/210.2 mi63, Idle Road, Bradford, West Yorkshire BD2 4NT3
£100K01/230.21 mi22, Westfield Terrace, Bradford, West Yorkshire BD2 4RJ3
£160K06/210.26 mi1a, Blakehill Avenue, Bradford, West Yorkshire BD2 3JT3
£80K12/210.26 mi15, Fletton Terrace, Bradford, West Yorkshire BD2 3AN3
£190K08/230.27 mi242, Leeds Road, Eccleshill, Bradford, West Yorkshire BD2 3JU3
£180K03/210.27 mi238, Leeds Road, Eccleshill, Bradford, West Yorkshire BD2 3JU3
£140K06/210.27 mi31, Sixth Avenue, Bradford, West Yorkshire BD3 7JS3
£130K10/200.27 mi27, Sixth Avenue, Bradford, West Yorkshire BD3 7JS3
£179K01/230.27 mi2, Sixth Avenue, Bradford, West Yorkshire BD3 7JS3
£120K05/210.27 mi2, Charnwood Grove, Bradford, West Yorkshire BD2 3EB3
£140K04/230.27 mi132, Intake Road, Bradford, West Yorkshire BD2 3NH3
£110K12/220.27 mi2, Intake Grove, Bradford, West Yorkshire BD2 3NJ3
£130K02/230.28 mi36, Wellington Road, Bradford, West Yorkshire BD2 3AH3
£117.5K11/200.29 mi60, Wellington Road, Bradford, West Yorkshire BD2 3AH3
£79K05/210.29 mi4, Intake Terrace, Bradford, West Yorkshire BD2 3ND3
£112K02/230.3 mi22, Peterborough Terrace, Bradford, West Yorkshire BD2 3DL3
£115K12/200.3 mi25, Peterborough Terrace, Bradford, West Yorkshire BD2 3DL3
£140K05/230.3 mi2, Peterborough Terrace, Bradford, West Yorkshire BD2 3DL3
£190K02/210.3 mi5, Valley View Grove, Bradford, West Yorkshire BD2 4NR3
£88K04/210.3 mi95, Intake Road, Bradford, West Yorkshire BD2 3NQ3
£150K02/210.31 mi304, Killinghall Road, Bradford, West Yorkshire BD3 7JP3
£169K03/210.31 mi302, Killinghall Road, Bradford, West Yorkshire BD3 7JP3
£143K12/200.31 mi7, Fifth Avenue, Bradford, West Yorkshire BD3 7JT3
£160K02/230.31 mi6, Regency View, Bradford, West Yorkshire BD3 0PF3
£133.5K10/230.31 mi27, Peterborough Place, Bradford, West Yorkshire BD2 3DN3
£95K11/210.32 mi344, Leeds Road, Eccleshill, Bradford, West Yorkshire BD2 3LQ3
£165K09/230.33 mi267, Leeds Road, Eccleshill, Bradford, West Yorkshire BD2 3LD3
£100K07/210.33 mi304, Undercliffe Street, Bradford, West Yorkshire BD3 0PH3
£135K08/230.33 mi6a, Wellington Road, Bradford, West Yorkshire BD2 3AU3
£139K02/230.33 mi7, Heath Road, Bradford, West Yorkshire BD3 0PR3
£160K06/230.34 mi3, Dudley Hill Road, Bradford, West Yorkshire BD2 3DE3
£120K01/230.34 mi22, Harrogate Avenue, Bradford, West Yorkshire BD3 0LH3
£68K09/210.35 mi49, Hustler Street, Bradford, West Yorkshire BD3 0PS3
£220K10/210.37 mi27, Buttermere Road, Bradford, West Yorkshire BD2 4JA3
£159K06/210.38 mi6, Delverne Grove, Bradford, West Yorkshire BD2 3HH3
£85K03/210.38 mi230, Dudley Hill Road, Bradford, West Yorkshire BD2 3DF3
£190K03/230.4 mi49, Buttermere Road, Bradford, West Yorkshire BD2 4JA3
£132K12/200.4 mi362, Moorside Road, Bradford, West Yorkshire BD2 3HS3
£116K05/210.4 mi382, Moorside Road, Bradford, West Yorkshire BD2 3HS3
£105K12/200.4 mi352, Moorside Road, Bradford, West Yorkshire BD2 3HS3

Local Rents

11 rents from £750/mo to £1.1K/mo, average is £890/mo.

RentDateDistanceAddressBeds 
£87512/230.1 mi-3
£92502/250.1 mi-3
£89003/250.21 mi-3
£80003/240.33 miIntake Road, Bradford3
£1,10003/250.35 mi-3
£75001/250.4 mi-3
£75003/240.42 mi-3
£75003/250.42 mi-3
£90002/240.46 mi-3
£90002/240.46 mi-3
£90002/240.46 mi-3

Local Area Statistics

Population in BD2

29,665

Population in Bradford

357,773

Town centre distance

1.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental growth (12m)

+35%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £65,000

February 11, 2025

Description

  • Three bedroom +
  • Mid terrace property +
  • Requires modernisation and remedial work +
  • FOR SALE BY AUCTION +
  • GUIDE PRICE £65,000 +

SUMMARY
*FOR SALE BY AUCTION. VARIOUS BIDDING OPTIONS AVAILABLE: ONLINE, TELEPHONE, PROXY OR IN PERSON AT THE GRAND CONNAUGHT ROOMS, GREAT QUEEN STREET, 61-65, COVENT GARDEN, LONDON, WC2B 5DA * 11th MARCH 2025***9.30 am START***CONTACT THE AUCTIONEERS TO REGISTER YOUR INTEREST *GUIDE PRICE £65,000*

DESCRIPTION
A three-bedroom property located within the Undercliffe district of Bradford, just a short drive from Bradford City Centre. Hatfield Road is situated just off the A658 and provides a range of local amenities such as shops and schools.
The property is a three-bedroom middle terrace, providing accommodation over three floor levels with ancillary basement, benefiting from UPVC double glazed windows and gas fired central heating. We have been made aware there are some structural issues and asbestos is present within the roof space, making this ideal for a cash buyer. Please refer to legal pack for further details prior to bidding.

Ground Floor: 
Entrance Lobby, Lounge and Kitchen and access to Cellar.

First Floor: 
Landing, Two Bedrooms and Bathroom.

Second Floor: 
Attic Bedroom.

External: 
Rear Yard.

Important Notice: 
For each Lot, a contract documentation fee of £1500 (inclusive of VAT) is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

PLEASE CONTACT THE AUCTIONEERS AT TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

. 
When setting the guide price, the auctioneers have given consideration to the seller's instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.

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

William H. Brown, Wibsey

01274 003042

Next Steps?

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