2 Bed Flat, Single Let, Leeds, LS11 9BR, £190,000

Manor Mills, Leeds, LS11 9BR - 4 views - a year ago

Leasehold
BTL
ROI: 3%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£60K - £300K
Sold Prices/m²£909/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£194,116
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£925 - £1,500

Rent Estimate

£950

Running Costs/mo

£804

Cashflow/mo

£146

Cashflow/yr

£1,755

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £300K, average is £190K. £909/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£204K02/230.12 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£262.5K01/230.17 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.17 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.17 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£215K11/220.17 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£175K05/210.17 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.17 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.17 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.17 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.17 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.17 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£255K07/240.49 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.49 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.49 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.49 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£270K02/230.52 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£220K11/220.55 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£300K09/230.55 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.55 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.55 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.55 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.55 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.55 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£176K06/210.56 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.56 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.56 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£190K02/230.56 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£185.5K04/210.58 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£270K02/210.58 miFlat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£194.5K03/230.58 miFlat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£280K05/210.58 miFlat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£175K04/210.58 miFlat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.58 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169.9K02/210.58 miFlat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£170K12/220.58 miFlat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£225K01/230.58 miFlat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£177.5K04/230.59 miFlat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£172K04/210.59 miFlat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169K12/210.59 miFlat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£100K08/220.6 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.6 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£93K07/220.6 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£171K12/230.61 miBonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£235K10/220.61 miFlat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£60K04/210.61 mi1, St Lukes Crescent, Leeds, West Yorkshire LS11 8LA2
£140K04/230.61 miFlat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£172.5K06/210.61 miFlat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£242K07/230.61 miFlat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£188K11/220.61 miFlat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£185K12/200.64 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2

Local Rents

50 rents from £925/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15005/240 miMannor Mills Ingram Street2
£97505/240 miManor Mills, Ingram Street, Leeds2
£1,10006/240 miIngram Street, Manor Mills Ingram Street, LS112
£1,05005/240.01 miManor Mills, Ingram Street, Leeds, West Yorkshire, LS112
£1,25005/240.01 miIngram Street, Leeds, West Yorkshire, UK, LS112
£1,27005/240.02 miLeeds City Centre, LS112
£1,27006/240.06 miLeeds City Centre LS112
£1,35506/240.06 miLeeds City Centre, LS112
£1,35505/240.06 mi-2
£1,30005/240.07 miPin Yard Leeds LS112
£1,35005/240.07 miPin Yard Leeds LS112
£1,33005/240.07 miPin Yard Leeds LS112
£1,36005/240.07 miPin Yard Leeds LS112
£1,42005/240.07 miPin Yard Leeds LS112
£1,36505/240.07 miPin Yard Leeds LS112
£1,23505/240.07 miPin Yard Leeds LS112
£1,27005/240.07 miPin Yard Leeds LS112
£1,34505/240.07 miPin Yard Leeds LS112
£1,39505/240.08 miDaniels House, Leeds, LS112
£1,05005/240.09 miVelocity North, 3 City Walk, Leeds2
£1,15005/240.09 miVelocity North, 3 City Walk, Leeds2
£1,15012/240.09 mi-2
£1,15005/240.09 miVelocity North, Leeds, LS112
£1,10005/240.09 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,15005/240.09 miVelocity West, Leeds City Centre2
£1,40005/240.09 miVelocity West, 5 City Walk, Leeds, LS11 9BG2
£1,10005/240.09 miCity Walk, Leeds, West Yorkshire, LS112
£1,05012/240.09 mi-2
£1,15001/250.09 mi-2
£1,10005/240.1 miVelocity East, 4 City Walk2
£1,15006/240.1 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,00012/240.1 mi-2
£1,10005/240.1 miCity Walk, Leeds, LS112
£1,25005/240.12 miButcher Street, Leeds2
£92505/240.12 miVelocity East, 4 City Walk, Leeds2
£1,20005/240.12 mi6 City Walk, Holbeck, Leeds, LS112
£1,15005/240.12 mi6 City Walk, Holbeck, Leeds, LS112
£1,15005/240.12 mi6 City Walk, Holbeck, Leeds, LS112
£1,20006/240.12 mi6 City Walk, Holbeck, Leeds, LS112
£1,07506/240.12 miVelocity East, 4 City Walk, Leeds, West Yorkshire, LS112
£1,00005/240.13 mi-2
£1,50005/240.13 miIronworks, Leeds City Centre2
£1,10005/240.13 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,10005/240.13 mi-2
£1,10005/240.13 miVelocity South, Leeds, LS112
£1,35005/240.13 miDavid Street, Leeds2
£95005/240.14 miMarshall Street, Leeds, LS112
£1,10005/240.15 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,25002/250.15 mi-2
£1,05012/240.15 mi-2

Local Area Statistics

Population in LS11

34,732

Population in Leeds

635,166

Town centre distance

0.84 miles away

Nearest school

0.40 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £190,000

May 15, 2024

Description

  • ABUNDANCE OF NEARBY AMENITIES +
  • PARKING INCLUDED +
  • FULLY FURNISHED +
  • COMPLETED & TENANTED +
  • TENANCY IN PLACE UNTIL JANUARY 2025 +
  • HIGH TENANT DEMAND +
  • PRIME LOCATION +
  • NET YIELDS OVER 5% +

MANOR MILLS  

Manor Mills is a very popular development with city dwellers, primarily because of its easy access into and out of the city centre. It is a large and sprawling development, with most apartments having large windows, spacious interiors and balconies. Ideally positioned for easy access into and out of the city, with the main motorways to the north and south, being a short drive away. 

LOCATION  

Located within the sought-after Southbank area of Leeds, Manor Mills is the perfect location for any city-dweller. Leeds Train Station is just a 8 minute walk away, providing excellent transport links both in and around the city, and further afield. The city centre sits just a 10 minute walk away, hosting an abundance of local amenities, including shopping centres, art galleries, supermarkets, restaurants & more. 

TENURE  

This property has 988 years remaining on the lease, with an estimated service charge of £2,636 per annum and ground rent charge of £370 per annum. 

PROPERTY HIGHLIGHTS  

PRIME LOCATION
TENANCY IN PLACE @ £1,125
FULLY FURNISHED
PARKING INCLUDED
CONCIERGE SERVICE
ABUNDANCE OF NEARBY AMENITIES
NET YIELDS OVER 5% 

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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