2 Bed Flat, Single Let, Leeds, LS9 7EA £175,000

Leylands House, 56 Mabgate, Leeds, UK, LS9 7EA - a year ago
Sold STC
BTL
ROI: 2%
~68 m²
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Property image
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ValuationUndervalued

Sold Prices£112K - £270K
Sold Prices/m²£2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£181,629
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£800 - £2,800

Rent Estimate

£850

Running Costs/mo

£737

Cashflow/mo

£113

Cashflow/yr

£1,358

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £112K to £270K, average is £180K. £2K/m² to £3.9K/m², average is £2.7K/m².

Price
Date
Distance
Address
Beds
 
£190K01/250.02 mi53 Mabgate House, Apartment 11, Mabgate, Sheepscar, Leeds LS9 7DY2
£130K12/240.23 mi12 Victoria House, Flat 711, Skinner Lane, Sheepscar, Leeds LS7 1DY2
£112K06/250.23 miFlat 404, 12 Victoria House, Skinner Lane, Sheepscar, Leeds LS7 1DL2
£120K01/250.25 miFlat 10, 110, North Street, Sheepscar, Leeds LS2 7PQ2
£180K03/250.26 miSkyline, 23, St Peters Street, Leeds LS9 8BN2
£180K03/250.26 mi23, Skyline, St Peters Street, Leeds LS9 8BN2
£180K07/230.27 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.27 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.27 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£160K08/240.43 miAspect 14, 256, Elmwood Lane, Sheepscar, Leeds LS2 8WH2
£160K08/240.43 mi256, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WH2
£170K01/250.44 mi183, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WG2
£170K01/250.44 miAspect 14, 183, Elmwood Lane, Sheepscar, Leeds LS2 8WG2
£220K07/240.44 miAspect 14, 200, Elmwood Lane, Sheepscar, Leeds LS2 8WG2
£180K12/240.46 mi77, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£180K12/240.46 miAspect 14, 77, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£180K12/240.46 mi77, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£160K06/240.46 miAspect 14, 96, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£151K08/240.46 miAspect 14, 86, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£173K07/240.46 mi63, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£164K08/240.46 miAspect 14, 116, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£151K08/240.46 mi86, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£164K08/240.46 mi116, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£183K09/240.46 miAspect 14, 124, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£183K09/240.46 mi124, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WF2
£166.5K10/240.46 miThe Gateway West, 516, East Street, Leeds LS9 8DR2
£182.5K11/240.46 miThe Gateway West, 603, East Street, Leeds LS9 8DR2
£185K03/250.46 mi504, The Gateway West, East Street, Leeds LS9 8DR2
£185K03/250.46 mi504, The Gateway West, East Street, Leeds LS9 8DR2
£182.5K11/240.47 miThe Gateway West, Apartment 603, East Street, Leeds, West Yorkshire LS9 8DR2
£178K02/230.47 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.47 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.47 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.47 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£160K07/240.47 miAspect 14, 12, Elmwood Lane, Sheepscar, Leeds LS2 8WE2
£170K08/240.47 miAspect 14, 38, Elmwood Lane, Sheepscar, Leeds LS2 8WE2
£166K03/250.47 mi22, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WE2
£166K03/250.47 mi22, Aspect 14, Elmwood Lane, Sheepscar, Leeds LS2 8WE2
£215K04/240.49 mi20 26 Vassalli House, Flat 15, Central Road, Leeds LS1 6DE2
£195K07/240.49 mi20 26 Vassalli House, Flat 24, Central Road, Leeds LS1 6DE2
£195K07/240.49 miFlat 24, 20 26 Vassalli House, Central Road, Leeds LS1 6DE2
£195K07/240.49 miFlat 24, 20 26 Vassalli House, Central Road, Leeds LS1 6DE2
£177.5K07/250.49 miFlat 8, 20 26 Vassalli House, Central Road, Leeds LS1 6DE2
£270K11/240.49 mi50, Langtons Wharf, The Calls, Leeds LS2 7EF2
£228K08/250.49 mi35, Langtons Wharf, The Calls, Leeds LS2 7EF2
£270K11/240.49 mi50, Langtons Wharf, The Calls, Leeds LS2 7EF2
£221K08/240.49 mi5, Langtons Wharf, The Calls, Leeds LS2 7EF2
£192.5K08/240.49 miLangtons Wharf, 25, The Calls, Leeds LS2 7EF2
£192.5K08/240.49 mi25, Langtons Wharf, The Calls, Leeds LS2 7EF2
£267K07/240.5 miLangtons Wharf, 57, The Calls, Leeds LS2 7EF2

Local Rents

50 rents from £800/mo to £2.8K/mo, average is £1.2K/mo.

Rent
Date
Distance
Address
Beds
 
£2,80005/240 mi-2
£1,55007/250 mi-2
£1,07509/250 miMabgate, Leeds, West Yorkshire, LS92
£1,15010/250.01 miLeylands House Leeds LS92
£1,15010/250.01 miMabgate, Leeds, West Yorkshire, LS92
£1,25005/240.01 miLeylands House, 56 Mabgate, Leeds, LS92
£1,27506/250.01 miLeylands House, 56 Mabgate, Leeds, LS92
£1,00006/250.01 miLeylands House, 56 Mabgate, Leeds, West Yorkshire, LS92
£1,90012/240.01 mi-2
£1,65006/250.01 mi-2
£1,90005/240.01 miLeylands House, Leeds, LS92
£1,65006/250.01 miLeylands House, Leeds, LS92
£1,40012/240.02 mi-2
£99505/240.02 miMabgate, Leeds, West Yorkshire, UK, LS92
£1,35008/250.02 mi-2
£1,49007/250.02 miMabgate House, Leeds, LS92
£1,35007/250.02 miMabgate House, Leeds, LS92
£1,38007/250.02 miMabgate House, Leeds, LS92
£1,38008/250.02 miMabgate House, Leeds, LS92
£1,38008/250.02 miMabgate House, Leeds, LS92
£1,35008/250.02 miMabgate House, Leeds, LS92
£1,20002/250.02 mi-2
£1,20012/240.03 mi-2
£2,00005/250.03 mi-2
£1,20005/240.03 miMabgate House, Leeds, LS92
£1,30006/240.03 miMabgate House, Leeds, LS9 7DY2
£1,17510/250.03 miMabgate House, Mabgate, Leeds, West Yorkshire, LS92
£1,70006/250.03 miMabgate House, 53 Mabgate, Leeds, LS9 7DY2
£1,17505/250.05 miMabgate House, 53 Mabgate, Leeds, LS92
£1,30007/250.05 miMabgate House, 53 Mabgate, Leeds, West Yorkshire, LS92
£1,15007/250.05 miMabgate House, 53 Mabgate, Leeds, LS92
£1,40006/250.07 miMabgate, Leeds, West Yorkshire, LS92
£1,19508/250.07 miMabgate, Leeds, West Yorkshire, LS92
£1,00010/250.07 miMabgate, Leeds, West Yorkshire, LS92
£80008/250.08 miMillwright House, Byron Street, Leeds2
£99509/250.1 miByron Street, Leeds, West Yorkshire, LS22
£99510/250.1 miMillwright, 47 Byron Street, Leeds, West Yorkshire, LS22
£80008/250.1 miCromwell Heights Leeds2
£1,00005/240.11 mi-2
£1,00009/250.11 miByron Street, Leeds, West Yorkshire, LS22
£99511/250.11 miMertensia House, 77A Mabgate, Leeds, LS92
£1,15012/240.11 miByron Street, Leeds, West Yorkshire, LS22
£99505/240.11 miFlat 8 Mertensia House, 77A Mabgate, Leeds2
£85007/250.11 miAhlux Court, Millwright Street, Leeds, LS2 7QQ2
£1,09507/250.11 miAhlux House, Millwright Street Leeds LS22
£92510/250.11 miAhlux House, Millwright Street, Leeds, West Yorkshire, LS22
£1,00012/240.12 miMillwright, Byron Street, Leeds, West Yorkshire, LS22
£89505/250.12 miByron Street, Leeds, LS22
£92506/250.12 miMilwright, Byron Street, Leeds, LS22
£85007/250.12 miMillwright, 47 Byron Street, Leeds, LS2 7NA2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Price changed to £175,000

June 12, 2025

Price changed to £180,000

February 4, 2025

Listed for £190,000

June 5, 2024

Description

  • Investment opportunity +
  • Tenants in situ +
  • Two double bedrooms +
  • Two bathrooms +
  • Spacious open plan living area +
  • Juliette balcony +
  • High specification finish throughout +
  • Desirable development +
  • Close to everything the city has to offer +
  • Don't miss out and enquire today to find out more +

An exciting opportunity for investment in one of the cities most desirable areas of the city, Leyland House is perfectly situated in Leeds Northern Quarter with an abundance of amenities within easy reach. This high specification apartment forms part of a modern block of apartments just a 10-minute stroll to the city centre. Tenanted for immediate income and producing an excellent return above 7.32% NET with high tenant demand, this investment ticks all of the boxes.

Positioned on the third floor, this luxurious apartment consists of a spacious open plan living space with Juliette balcony, hard wood flooring and spotlight lighting. The kitchen is fully fitted including integrated appliances and breakfast bar. Both bedrooms are large doubles with floor to ceiling windows and ensuite shower rooms.

Leeds is a hotspot for property investment offering superb rental yields, affordable prices, a rapidly growing population and strong rental demand. The city has a booming economy only second in the UK to London and is only set to continue to prosper in the future with one of the largest projects of regeneration in Europe underway, the South Bank project will double the size of the city centre and is expected to create over 35,000 jobs by 2028. This will inevitably increase the demand for rental properties meaning that now is the perfect opportunity to invest in property in Leeds. Don’t miss out and enquire today.

Please note, lettings and management fees may apply. This property may fall within a selective licensing area where charges may apply.

Financial Breakdown

Gross Rent: £15,000.00
Net income: £12,804.00
Gross yield: 9.68%
Net yield: 8.26%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07804

Agent Details

yieldit, Manchester

0161 524 5818

Next Steps?

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