2 Bed Flat, Single Let, Leeds, LS9 8FH, £140,000

Echo Central, Leeds, LS9 8FH - 5 views - a year ago

Leasehold
BTL
ROI: 10%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£168,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£895 - £4,750

Rent Estimate

£975

Running Costs/mo

£653

Cashflow/mo

£323

Cashflow/yr

£3,870

ROI

10%

Gross Yield

8%

Local Sold Prices

42 sold prices from £80K to £400K, average is £192.8K. £1.2K/m² to £4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£165K04/210.07 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K09/220.09 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.09 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.09 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£400K05/210.14 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£85K06/210.28 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£234.7K01/240.31 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£170K04/210.37 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£170K10/230.41 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£255K10/220.41 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.41 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.41 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.41 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.41 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.41 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£190K01/230.41 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£178K02/230.44 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.44 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.44 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.44 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£205K08/230.49 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£192K01/210.57 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.57 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.58 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£190K08/230.58 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.58 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£185K01/230.61 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£200K03/210.65 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.65 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.65 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.65 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£129.5K02/240.65 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£255K07/240.75 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.75 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.75 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.75 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£128K01/230.78 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£80K06/230.96 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£215K11/220.96 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.97 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.97 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.97 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2

Local Rents

50 rents from £895/mo to £4.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05005/240 miEcho Central 1, Leeds, LS92
£1,05005/240 miEcho Central 1, Leeds, LS92
£1,02512/240.02 mi-2
£1,02505/240.02 miCross Green Lane, Leeds, LS92
£1,10006/240.03 miEcho Central Two, Cross Green Lane2
£99501/240.03 mi-2
£2,29502/240.03 mi-2
£2,29505/240.03 mi-2
£2,50012/240.03 mi-2
£1,80003/250.03 mi-2
£3,00005/240.03 mi-2
£4,50012/240.03 mi-2
£2,25003/250.03 mi-2
£2,43805/240.03 miCross Green Lane, Leeds, West Yorkshire, LS92
£99502/250.04 mi-2
£89505/240.04 miEcho Central, City Centre, Leeds, LS92
£97505/240.04 miEcho Central Two, Cross Green Lane, Leeds, West Yorkshire, UK, LS92
£1,10005/240.04 miEcho Central Two, Cross Green Lane, Leeds, LS92
£97505/240.06 miBouverie Court, Leeds, West Yorkshire, UK, LS92
£1,68006/240.06 miAire Lofts, Climate Innovation District2
£2,45005/240.06 miFlat 47 Echo Central 1, Cross Green Lane, Leeds2
£1,09503/250.06 mi-2
£1,30005/240.07 miEcho Central One2
£99512/240.07 mi-2
£99503/250.07 mi-2
£1,99505/240.07 miEcho Central One Cross Green Lane City Centre2
£1,10005/240.07 miEcho Central One, Cross Green Lane2
£1,10005/240.07 miEcho Central One 2
£95005/240.07 miEcho Central One 2
£2,80003/250.07 mi-2
£1,40005/240.07 miAire Lofts, Climate Innovation District2
£99505/240.07 miBouverie Court, Cross Green Lane2
£1,05005/240.07 mi-2
£3,00012/240.07 mi-2
£92503/250.07 mi-2
£4,75003/250.07 mi-2
£1,05005/240.07 miBouverie Court, Leeds, West Yorkshire, LS92
£1,02505/240.08 miBouverie Court, Leeds, West Yorkshire, LS92
£1,02505/240.09 miCross Green Lane, Leeds2
£1,15005/240.09 miX1 Aire, Cross Green Lane, Leeds2
£1,47505/240.1 miAire Lofts, Climate Innovation District2
£1,47505/240.1 miAire Lofts, Climate Innovation District2
£1,05005/240.1 miAire, Cross Green Lane, LS92
£1,05005/240.1 miAire, Cross Green Lane, LS92
£1,10005/240.1 miAire, Cross Green Lane, LS92
£1,02505/240.1 miAire, Cross Green Lane, LS92
£1,30006/240.1 miAire, Cross Green Lane, LS92
£1,00006/240.1 miAire, Cross Green Lane, LS92
£97505/240.11 miAire, Cross Green Lane, Leeds, LS92
£1,30005/240.11 miAire, Cross Green Lane, Leeds, LS9 8BJ2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £140,000

December 4, 2024

Listed for £149,950

February 22, 2024

Description

  • Two Double Bedrooms +
  • City Centre Location +
  • Integrated Appliances +
  • Secure Allocated Parking +
  • En-suite Shower Room +
  • Modern Finish Throughout +
  • Ideal First Time Buy or Investment +
  • Lift To All Floors +

*BEAUTIFULLY PRESENTED TWO BEDROOM, TWO BATHROOM APARTMENT WITH PARKING* Offered to the market is this two double bedroom sixth floor apartment. The apartment is located in the ever popular Echo City development close to Leeds City Centre. The property briefly comprises; Communal entrance hall with lifts and stairs to all floors, private entrance hall, open plan living room/kitchen/diner with integrated appliances, two double bedrooms, en-suite shower room and a contemporary bathroom. In addition there is an allocated parking space in the secure garage. Finished to a high standard throughout only an internal inspection will do justice to this lovely apartment.
Communal Entrance
Communal entrance with secure intercom entry system. Lift access to all floors.
Entrance Hall
Laminate flooring. Useful storage cupboard housing the washing machine. Wall mounted electric heater. Entry phone system.
Open Plan Living/Kitchen 6.2m (20'4) x 3m (9'10)
Fitted with a range of wall, base and drawer units with work surfaces over and breakfast bar. Circular stainless steel sink with mixer tap. Integrated electric oven and ceramic hob with stainless steel extractor hood over. Integrated fridge/freezer. Splash back. Double glazed doors to Juliet balcony. Wall mounted electric heater. Inset ceiling spotlights.
Bedroom 1 6.5m (21'4) x 2.87m (9'5)
A spacious double bedroom with double glazed window. Wall mounted electric heater. Door to en-suite.
En-Suite Shower Room
Fitted with a three piece white suite comprising shower cubicle, WC and wash hand basin. Part tiled walls. Chrome heated ladder towel rail.
Bedroom 2 4.7m (15'5) x 2.57m (8'5)
A spacious double bedroom with double glazed window. Wall mounted electric heater.
Bathroom
Fitted with a three piece white suite comprising bath with shower above, WC and wash hand basin. Part tiled walls. Chrome heated ladder towel rail.
Tenure
The lease is 155 years less one day, from 1 January 2007.
Ground Rent of £200.00 is due 1 January each year.
Service Charge
£624.62 per quarter.

Agent Details

Adair Paxton, Leeds City Centre

0113 519 1844

Next Steps?

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