2 Bed Flat, Cash/Bridging Only, Leeds, LS10 1NW, £144,995

La Salle, Leeds Dock, LS10 1NW - 17 views - a year ago

Leasehold
Cash
ROI: 5%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£85K - £400K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£146,445

 

 

End Value (After Refurb)

£220,734

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,249

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£27,200

Bridging Loan Interest

£3,806

Total Cash In

£74,555

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£220,734

Agent Fees (1%)

£2,207

Bridging Loan

£108,746

Bridging Loan Interest

£3,806

Flip Profit

£35,226

Local Sold Prices

50 sold prices from £85K to £400K, average is £191K. £1.2K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£170K10/230.1 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£190K01/230.12 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£255K10/220.23 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.23 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.23 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.23 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.23 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.23 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£234.7K01/240.24 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£400K05/210.25 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£178K02/230.28 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.28 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.28 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.28 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£192K01/210.32 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.32 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.33 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£150K09/220.33 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.34 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.34 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.34 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£170K04/210.44 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£255K07/240.44 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.44 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.44 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.44 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£200K03/210.52 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.52 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.52 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.52 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£129.5K02/240.55 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£215K11/220.6 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.6 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.6 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.6 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£205K08/230.63 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£85K06/210.64 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£128K01/230.64 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£190K08/230.7 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.7 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£100K08/220.73 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.73 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£185K01/230.73 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£93K07/220.74 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/200.74 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£204K02/230.75 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£102K04/220.8 mi34, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£210K08/220.81 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.81 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.81 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2

Local Rents

50 rents from £1.1K/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,75005/240 miChadwick Street, Clarence Dock, Leeds City Centre2
£1,20005/240 miChadwick Street, Clarence Dock, Leeds City Centre2
£1,15005/240 miLa Salle Clarence Dock LS102
£1,35005/240 miChadwick Street, Leeds, West Yorkshire, LS102
£1,20005/240 miLa Salle, Leeds City Centre2
£1,15005/240 miLa Salle, Clarence Dock2
£1,15005/240.01 miLa Salle, Leeds Dock2
£1,25005/240.01 miLa Salle, Leeds Dock2
£1,20005/240.02 miLa Salle , Chadwick Street, Leeds, West Yorkshire, LS102
£1,15005/240.03 miChadwick Street, Hunslet, LEEDS2
£1,12505/240.03 miChadwick Street, Hunslet, LEEDS2
£1,39505/240.03 miLa Salle, Chadwick Street, Hunslet, Leeds, LS102
£1,25005/240.04 miClarence House, The Boulevard, Leeds, West Yorkshire, LS102
£1,10009/230.04 miMcClintock House, Leeds Dock, City Centre2
£1,05005/240.04 miMcClintock House, Leeds Dock, City Centre2
£1,35005/240.04 miSpacious Corner Apartment, Leeds Dock, The Boulevard, City Living, Leeds, West Yorkshire2
£1,35005/240.04 miThe Boulevard, Leeds, West Yorkshire, LS102
£1,29505/240.04 miMcClintock House, Leeds Dock, The Boulevard, Leeds LS102
£1,15005/240.04 miCrozier House, The Boulevard, Leeds, LS10 1LQ2
£1,20001/250.05 mi-2
£1,15005/240.05 miThe Boulevard, Leeds2
£1,35005/240.05 miMcClintock House, The Boulevard, Leeds, West Yorkshire2
£1,35005/240.05 miMcClintock House, The Boulevard, Leeds, LS10 1LP2
£1,10005/240.05 miClarence House, Leeds City Centre2
£1,10005/240.05 miClarence House Leeds Dock City Centre LS102
£1,20005/240.05 miClarence House, Leeds City Centre2
£1,20005/240.05 miThe Boulevard, Leeds, West Yorkshire, LS102
£1,40002/250.06 mi-2
£1,45005/240.06 miCrozier House, Leeds Dock2
£1,45005/240.06 miCrozier House, Leeds Dock2
£1,40005/240.06 miCrozier House, Leeds Dock2
£1,40012/240.06 miCrozier House, Leeds Dock2
£1,15005/240.07 miLeeds Dock - McClintock House, The Boulevard, Leeds, West Yorkshire, LS102
£1,15005/240.07 miMcClure House, Leeds Dock2
£1,15005/240.07 miMcClure House, Leeds Dock2
£1,20005/240.07 miThe Boulevard, Leeds, West Yorkshire, LS102
£1,30012/240.07 miCrozier House, Leeds Dock2
£1,15005/240.07 miMcClure House, Leeds Dock2
£2,40005/240.08 mi-2
£1,17505/240.08 miFlat 5, Cartier HouseThe BoulevardClarence DockLeeds2
£2,00005/240.1 miMackenzie House Penthouse2
£1,15005/240.1 miMackenzie House, Leeds Dock, City Centre2
£1,51205/240.1 mi137 Mackenzie House, LS10 1PU2
£1,15005/240.1 miMackenzie House, Leeds Dock, City Centre2
£1,10005/240.1 miMackenzie House Chadwick Street Leeds LS102
£1,45105/240.1 mi137 Mackenzie House, LS10 1PU2
£1,15005/240.1 miMackenzie House Chadwick Street Leeds LS102
£1,45105/240.1 mi175 Mackenzie House, LS10 1PU2
£1,10005/240.1 miMackenzie House, Chadwick Street, Leeds, LS102
£1,30006/240.1 mi169 Mackenzie House, LS10 1PU2

Local Area Statistics

Population in LS10

35,593

Population in Leeds

635,166

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £144,995

May 8, 2024

Floor Plans

Description

  • 4th Floor Apartment +
  • Two double bedrooms +
  • Two bathrooms +
  • Balcony +
  • Sold with vacant possession and no chain +
  • Council tax band D +
  • EPC Rating C +
  • Lease term 150 years from 2002 +
  • Cash buyers only +
  • Ground rent £250 pa +

Martin & Co are now in receipt of an offer for the sum of £148,000 for Apartment, 180 La Salle, Chadwick Street, Hunslet, Leeds, LS10 1NW

Anyone wishing to place an offer on the property should contact Martin & Co, 24-32, Bridge End, LEEDS, LS1 4DJ telephone number prior to exchange of contracts.

Available to purchase with vacant possession and no onward chain. This 4th floor apartment has two double bedrooms, two bathrooms and balcony.
Cash Buyers Only 

LEASEHOLD INFORMATOIN Lease term 150 years (less 10 days) from 26th March 2002
Ground rent £250 pa
Service charge - waiting on exact figure for 2024. Other apartments in the development have a service charge in the region of £4,500 pa 

THE PROPERTY  

COMMUNAL LOBBY Communal entrance with mail boxes and lift to all floors.  

HALLWAY The hallway has wooden flooring and recessed spot lights.

Storage cupboard houses the hot water cylinder.  

LIVING AREA 22' 11" x 16' 3" (7.009m x 4.96m) max The spacious open plan living area has wooden flooring and recessed spot lighting.  

KITCHEN (Open Plan) The kitchen has a range of fitted units with contrasting worksurface. Integrated appliances include; slim line dishwasher, electric oven, hob, fridge / freezer and washing machine.  

BALCONY 7' 2" x 3' 0" (2.19m x 0.93m) Accessed from the living room is the decked balcony.  

BEDROOM ONE 11' 6" x 8' 11" (3.51m x 2.73m) The main bedroom has floor to ceiling windows and recessed spot light.  

ENSUITE 6' 7" x 4' 7" (2.02m x 1.40m) The ensuite comprises; shower unit, hand basin and w.c.  

BEDROOM TWO 10' 11" x 9' 10" (3.35m x 3.01m) Second double bedroom with double glazed window and recessed spot lights.  

BATHROOM 7' 1" x 5' 6" (2.16m x 1.70m) The bathroom comprises; bath with shower over, hand basin and w.c.  

PLEASE NOTE THAT ALL SERVICES/APPLIANCES HAVE NOT, AND WILL NOT BE TESTED  

BUILDING SAFETY UPDATE La Salle has been identified as needing remedial work for the buildings fire safety.
As of 7th May 2024 we await a schedule of works (start date and time frame)
We will update this section when more information is received.
Taking into consideration upcoming work it is likely the property will only be available to cash buyers.

Agent Details

Martin & Co, Leeds City

0113 519 4933

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.