3 Bed Semi-Detached House, Refurb/BRRR, Bradford, BD6 1PS, £160,000

178 Elmfield Drive, Odsal, Bradford, BD6 1PS - 4 views - 2 months ago

Refurb/BRRR

ROI: 8%

70 m²

+13 photos

ValuationOvervalued

Sold Prices	£55K - £292.5K
Sold Prices/m²	£1.1K/m² - £3K/m²

Square Metres	70 m²
Price/m²	£2.3K/m²
Value Estimate	£104,550£104,550

End Value (After Refurb)	£139,750£139,750

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Refurb Costs	£27,796£27,796
Bridging Loan Interest	£4,200£4,200
Total Cash In	£79,746£79,746

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£139,750£139,750
Mortgage (After Refinance)	£104,813£104,813
Mortgage LTV	75%75%
Cash Left In	£79,746£79,746
Equity	£34,938£34,938
Rent Range	£725 - £2,500£725 - £2,500
Rent Estimate	£1,200
Running Costs/mo	£697£697
Cashflow/mo	£503£503
Cashflow/yr	£6,039£6,039
ROI	8%8%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £55K to £292.5K, average is £129K. £1.1K/m² to £3K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	05/23	0.02 mi	53, Odsal Road, Bradford, West Yorkshire BD6 1PR	£2,194	73	3	Semi-Detached House
£125K	05/21	0.07 mi	122, Elmfield Drive, Bradford, West Yorkshire BD6 1QA	£1,548	81	3	Semi-Detached House
£72K	01/21	0.11 mi	61, Elmfield Drive, Bradford, West Yorkshire BD6 1QB	-	-	3	Terraced House
£117K	04/23	0.16 mi	18, Hardy Avenue, Bradford, West Yorkshire BD6 1HY	£1,746	67	3	Semi-Detached House
£103K	07/21	0.17 mi	16, Crawford Avenue, Bradford, West Yorkshire BD6 1HX	£1,373	75	3	Semi-Detached House
£119K	01/21	0.22 mi	30, Pearson Road, Bradford, West Yorkshire BD6 1BJ	£1,947	61	3	Terraced House
£120K	05/23	0.22 mi	69, Sunny Bank Road, Bradford, West Yorkshire BD5 8NB	£1,127	106	3	Semi-Detached House
£125K	02/21	0.23 mi	27, Larch Hill Crescent, Bradford, West Yorkshire BD6 1DR	£1,857	67	3	Terraced House
£165K	06/23	0.23 mi	44, Larch Hill Crescent, Bradford, West Yorkshire BD6 1DR	-	-	3	Terraced House
£150K	05/21	0.23 mi	60, Larch Hill Crescent, Bradford, West Yorkshire BD6 1DR	£2,143	70	3	Semi-Detached House
£132K	11/20	0.23 mi	8, Larch Hill Crescent, Bradford, West Yorkshire BD6 1DR	£1,859	71	3	Semi-Detached House
£110K	01/23	0.23 mi	24, Larch Hill Crescent, Bradford, West Yorkshire BD6 1DR	£1,291	85	3	Semi-Detached House
£220K	10/22	0.24 mi	29, Grayshon Drive, Wibsey, Bradford, West Yorkshire BD6 1QF	£2,651	83	3	Detached House
£103K	04/23	0.25 mi	62, Rooley Lane, West Bowling, Bradford, West Yorkshire BD5 8LX	£1,179	87	3	Semi-Detached House
£159.9K	02/23	0.25 mi	26, Cleckheaton Road, Bradford, West Yorkshire BD6 1BE	£1,467	109	3	Terraced House
£113.5K	02/21	0.25 mi	62, Rooley Lane, West Bowling, Bradford, West Yorkshire BD5 8LX	£1,300	87	3	Semi-Detached House
£117K	03/21	0.25 mi	11, Hall Street, Bradford, West Yorkshire BD6 1NH	£1,560	75	3	Terraced House
£120K	05/21	0.27 mi	7, Hallbank Close, Bradford, West Yorkshire BD5 8JQ	£1,519	79	3	Semi-Detached House
£140K	09/22	0.28 mi	17, St Matthews Road, Bradford, West Yorkshire BD5 9AB	£1,505	93	3	Semi-Detached House
£165K	12/20	0.28 mi	32, St Matthews Road, Bradford, West Yorkshire BD5 9AB	£2,171	76	3	Semi-Detached House
£55K	06/21	0.29 mi	871, Manchester Road, Bradford, West Yorkshire BD5 8LT	-	-	3	Terraced House
£137.5K	08/21	0.29 mi	15 - 17, Chapel Street, Wibsey, Bradford, West Yorkshire BD6 1NE	-	-	3	Terraced House
£122.5K	03/21	0.3 mi	82, Huddersfield Road, Bradford, West Yorkshire BD6 1DH	£2,112	58	3	Semi-Detached House
£140K	04/21	0.3 mi	84, Huddersfield Road, Bradford, West Yorkshire BD6 1DH	-	-	3	Semi-Detached House
£123K	04/21	0.31 mi	71, Cleckheaton Road, Bradford, West Yorkshire BD6 1BG	£1,171	105	3	Semi-Detached House
£176K	11/22	0.32 mi	144, Halifax Road, Bradford, West Yorkshire BD6 1JG	-	-	3	Semi-Detached House
£90K	11/21	0.32 mi	15, Runswick Grove, Bradford, West Yorkshire BD5 8LS	£1,364	66	3	Semi-Detached House
£195K	09/21	0.32 mi	12, Runswick Grove, Bradford, West Yorkshire BD5 8LS	£2,970	66	3	Semi-Detached House
£130K	05/23	0.34 mi	30, Rookes Avenue, Bradford, West Yorkshire BD6 1HE	-	-	3	Semi-Detached House
£97K	11/20	0.34 mi	7, Rookes Avenue, Bradford, West Yorkshire BD6 1HE	£1,426	68	3	Semi-Detached House
£128K	05/23	0.34 mi	9, Richardson Avenue, Bradford, West Yorkshire BD6 1HF	-	-	3	Semi-Detached House
£132K	02/21	0.35 mi	7, Willow Drive, Bradford, West Yorkshire BD6 1EE	£2,031	65	3	Semi-Detached House
£80K	06/21	0.37 mi	37, Chellow Street, Bradford, West Yorkshire BD5 9QG	£1,096	73	3	Terraced House
£240K	07/23	0.38 mi	77, Cleckheaton Road, Low Moor, Bradford, West Yorkshire BD12 0HH	-	-	3	Semi-Detached House
£152K	03/23	0.38 mi	78, Carr Bottom Road, Bradford, West Yorkshire BD5 9AE	£2,171	70	3	Semi-Detached House
£130K	06/21	0.38 mi	74, Carr Bottom Road, Bradford, West Yorkshire BD5 9AE	£1,949	67	3	Semi-Detached House
£140K	01/23	0.38 mi	74, Carr Bottom Road, Bradford, West Yorkshire BD5 9AE	£2,099	67	3	Semi-Detached House
£110.5K	03/23	0.38 mi	3, Draughton Grove, Bradford, West Yorkshire BD5 9QH	£2,511	44	3	Terraced House
£80K	03/23	0.39 mi	37, Runswick Terrace, Bradford, West Yorkshire BD5 8LR	£1,367	59	3	Terraced House
£292.5K	05/22	0.39 mi	15, Belmont Gardens, Low Moor, Bradford, West Yorkshire BD12 0HJ	-	-	3	Detached House
£125K	12/21	0.39 mi	7, Ormondroyd Avenue, Bradford, West Yorkshire BD6 1HR	-	-	3	Semi-Detached House
£95K	03/23	0.4 mi	18, Runswick Terrace, Bradford, West Yorkshire BD5 8LR	-	-	3	Terraced House
£130K	11/20	0.4 mi	1, Larch Drive, Bradford, West Yorkshire BD6 1DU	£2,000	65	3	Semi-Detached House
£130K	02/21	0.4 mi	39, Acre Lane, Wibsey, Bradford, West Yorkshire BD6 1LE	£1,912	68	3	Terraced House
£163K	12/20	0.4 mi	26, Northfield Road, Bradford, West Yorkshire BD6 1RA	£1,831	89	3	Semi-Detached House
£118K	02/23	0.41 mi	15, Deneside Mount, Bradford, West Yorkshire BD5 9QF	-	-	3	Semi-Detached House
£125K	02/21	0.42 mi	83, Netherlands Avenue, Bradford, West Yorkshire BD6 1EA	£2,144	58	3	Semi-Detached House
£174K	03/21	0.42 mi	6, Cloverville Approach, Bradford, West Yorkshire BD6 1ET	-	-	3	Detached House
£168K	08/21	0.42 mi	6, Netherlands Avenue, Bradford, West Yorkshire BD6 1ES	-	-	3	Semi-Detached House
£135K	11/20	0.45 mi	6, St Pauls Avenue, Bradford, West Yorkshire BD6 1SP	£1,731	78	3	Semi-Detached House

Local Rents

23 rents from £725/mo to £2.5K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	10/24	0.25 mi	-	3	Semi-Detached House
£2,500	12/24	0.26 mi	-	3	Semi-Detached House
£2,500	12/24	0.26 mi	-	3	Semi-Detached House
£1,900	04/25	0.26 mi	-	3	Semi-Detached House
£1,000	03/25	0.29 mi	-	3	Terraced House
£1,000	10/24	0.3 mi	-	3	Terraced House
£725	12/24	0.34 mi	Rookes Avenue, BRADFORD	3	Detached House
£750	04/24	0.38 mi	Draughton Grove, Bradford, West Yorkshire, BD5	3	Terraced House
£1,350	12/23	0.39 mi	-	3	Detached House
£1,100	04/24	0.39 mi	-	3	Semi-Detached House
£1,300	04/25	0.4 mi	-	3	Semi-Detached House
£850	12/24	0.41 mi	-	3	Terraced House
£995	11/24	0.44 mi	-	3	Bungalow
£1,395	12/24	0.46 mi	-	3	Bungalow
£995	02/25	0.47 mi	-	3	Bungalow
£795	03/24	0.48 mi	Carr Bottom Avenue	3	Terraced House
£950	11/24	0.48 mi	-	3	Semi-Detached House
£1,400	03/25	0.52 mi	-	3	Bungalow
£850	01/25	0.52 mi	-	3	Terraced House
£1,200	12/24	0.56 mi	Dean Beck Avenue, Bradford, BD6	3	Detached House
£895	12/24	0.57 mi	Dean Beck Avenue, Bradford, West Yorkshire, BD6	3	Detached House
£900	11/23	0.6 mi	-	3	Semi-Detached House
£1,050	09/24	0.6 mi	-	3	Semi-Detached House

Local Area Statistics

Population in BD6	29,77129,771
Population in Bradford	357,773357,773
Town centre distance	1.65 miles away1.65 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	1.15 miles away1.15 miles away

Rental growth (12m)	-5%-5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+37%+37%

Property History

Listed for £160,000

February 24, 2025

Floor Plans

Description

REASONS WHY WE LOVE THIS HOUSE +
POPULAR RESIDENTIAL LOCATION +
TRADITIONAL SEMI DETACHED +
THREE BEDROOMS +
TWO RECEPTION ROOMS +
GARAGE AND GARDENS +
GCH AND DG +
VIEWING ADVISED +

OFFERED WITH NO CHAIN IDEAL FIRST TIME PURCHASE ** Viewing is strongly advised for this traditional SEMI DETACHED property which offers THREE BEDROOMS, TWO RECEPTION ROOM accommodation. In need of some cosmetic updating, we feel this is an ideal home in which to 'make your own mark' and step on to the property ladder. Externally, are pleasant gardens, low maintenance to the front and provides off road parking which continues along the side and leads to a detached garage. Hard standing area to rear with lawns which is ideal for entertaining and allows vast scope for extension (subject to the relevant permissions). Well placed for many amenities and commuter links to neighbouring towns and cities.

Agent Details

Robert Watts, Wibsey

01274 003296

Next Steps?

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

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