2 Bed Flat, Single Let, Leeds, LS9 7DY, £225,000

Mabgate House, Leeds, LS9 7DY - 1 views - a year ago

Leasehold
BTL
ROI: 1%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£212,686

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£775 - £2,800

Rent Estimate

£995

Running Costs/mo

£922

Cashflow/mo

£73

Cashflow/yr

£875

ROI

1%

Gross Yield

5%

Local Sold Prices

44 sold prices from £80K to £400K, average is £191K. £1.1K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£200K03/210.25 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.25 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.25 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.25 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£170K04/210.43 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£178K02/230.46 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.46 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.46 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.46 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£207.8K05/210.48 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£192K01/210.49 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.49 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£255K10/220.51 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.51 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.51 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.51 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.51 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.51 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£234.7K01/240.54 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£80K12/220.58 mi23, Shakespeare Grange, Leeds, West Yorkshire LS9 7UA2
£255K07/240.58 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.58 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.58 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.58 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£80K06/230.62 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£190K01/230.63 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£115K12/220.63 mi35, Carlton Rise, Leeds, West Yorkshire LS7 1HH2
£170K10/230.66 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£400K05/210.69 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£160K11/200.7 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.7 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K09/220.71 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.72 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K06/230.83 mi1c, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£250K07/210.83 mi5, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£215K11/220.9 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.9 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.9 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.9 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£229.9K07/230.91 mi36, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£170K08/210.91 mi29, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£190K02/230.91 mi40, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£85K06/210.99 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£115K01/231 mi4, Conway Mount, Leeds, West Yorkshire LS8 5HZ2

Local Rents

50 rents from £775/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,20005/240 miMabgate House, Leeds, LS92
£1,30006/240 miMabgate House, Leeds, LS9 7DY2
£1,20012/240.01 mi-2
£2,00004/250.01 mi-2
£99505/240.02 miMabgate, Leeds, West Yorkshire, UK, LS92
£1,40012/240.02 mi-2
£1,90005/240.02 miLeylands House, Leeds, LS92
£1,90012/240.02 mi-2
£1,65004/250.02 mi-2
£1,20002/250.02 mi-2
£1,25005/240.03 miLeylands House, 56 Mabgate, Leeds, LS92
£2,80005/240.03 mi-2
£1,00005/240.1 mi-2
£1,02512/240.1 miBrunswick Court, Leeds, West Yorkshire, LS22
£1,15012/240.11 miByron Street, Leeds, West Yorkshire, LS22
£1,05005/240.11 miMillwright Apartments2
£1,00012/240.11 miMillwright, Byron Street, Leeds, West Yorkshire, LS22
£1,00012/240.11 miByron Street, Leeds2
£1,00012/240.12 miBrunswick Court, LEEDS2
£99505/240.13 miFlat 8 Mertensia House, 77A Mabgate, Leeds2
£90004/250.14 mi-2
£77512/240.14 miCitispace, Regent Street Leeds City Centre, Leeds2
£1,54505/240.15 miNew York Square, Leeds, LS22
£1,97505/240.15 miNew York Square, Leeds, LS22
£1,93505/240.15 miNew York Square, Leeds, LS22
£1,42012/240.15 miNew York Square, Leeds, LS22
£1,90005/240.15 miNew York Square, Leeds, LS22
£1,82505/240.15 miNew York Square, Leeds, LS22
£1,97512/240.15 miNew York Square, Leeds, LS22
£1,54505/240.15 miNew York Square, Quarry Hill, LS22
£1,45012/240.15 miNew York Square, Quarry Hill2
£1,48005/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,55005/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,57005/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,55005/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,48012/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,42012/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,55012/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,57012/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,42005/240.15 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2
£1,43505/240.16 miQuarry Hill, LEEDS2
£1,54505/240.16 miNew York Square, Quarry Hill, Leeds LS22
£2,00505/240.16 miNew York Square, Quarry Hill, Leeds LS22
£1,72505/240.16 miNew York Square, SOYO, Leeds, West Yorkshire, LS22
£1,45005/240.16 miNew York Square, SOYO, Leeds, West Yorkshire, LS22
£2,00005/240.16 miNew York Square, SOYO, Leeds, West Yorkshire, LS22
£1,32505/240.16 miQuarry Hill, Leeds2
£1,62012/240.16 miQuarry Hill Leeds LS22
£1,42012/240.16 miQuarry Hill, LEEDS2
£1,60505/240.16 miNew York Square, SOYO, Leeds, West Yorkshire, LS2 7BT2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £225,000

December 26, 2024

Price changed to £230,000

December 4, 2024

Listed for £225,000

March 15, 2024

Floor Plans

Description

  • LOCATED IN LEEDS' NORTHERN QUARTER +
  • HIGH TENANT DEMAND +
  • 14 MINUTES FROM LEEDS TRAIN STATION +
  • LUXURIOUS APARTMENT +
  • PRIME LOCATION +
  • 5 MINUTES FROM FAMOUS VICTORIA LEEDS SHOPPING CENTER +
  • FULLY FURNISHED +
  • PERFECT FOR INVESTORS AND OWNER OCCUPIERS +
  • NET YIELD OVER 5% +
  • TENANTED UNTIL MARCH 25 +

OVERVIEW  

After completing in 2018, Mabgate House has proved to be more than popular with tenants. With a highly sought-after location, high specifications, full furnishings and tenant in situ, this two-bedroom duplex creates an incredible investment opportunity not to be missed.  

LOCATION  

Situated on the cusp on the city centre, this location is perfect for a wide range of tenants. It is just a 5 minute walk from Victoria Leeds Shopping Centre, which is home to an abundance of shops such as John Lewis, Louis Vuitton and Harvey Nicholls. Leeds Train Station is just a 15 minute walk from the development, providing incredible access to further cities too. 

TENURE  

This property has 244 years remaining on the lease, with service charge of £2876 per annum and ground rent charge of £250 per annum. 

PROPERTY HIGHLIGHTS  

COMPLETE WITH TENANT IN SITU
STRONG DEMAND
GREAT SPECIFICATION
PRIME LOCATION
NET YIELDS OVER 5%
FULLY FURNISHED 

FOR MORE INFORMATION, CONTACT NORTH PROPERTY GROUP TODAY  

North Property Group is an independently owned sales, lettings and property agency with more than 20 years of experience. We work exclusively for the benefit of our clients to help you buy, sell, let or rent the best properties across the UK.

Agent Details

North Property Group, Leeds

0113 519 7488

Next Steps?

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