2 Bed Flat, Single Let, Leeds, LS10 1PJ, £185,000

Mackenzie House, Chadwick Street, Leeds, LS10 1PJ - 10 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£211,379
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Total Cash In

£56,700

 

 

Cash Out

 

Rent Range

£850 - £2,000

Rent Estimate

£963

Running Costs/mo

£791

Cashflow/mo

£172

Cashflow/yr

£2,067

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85K to £400K, average is £192.8K. £1.2K/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K01/230.03 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£170K10/230.04 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£255K10/220.13 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.13 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.13 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.13 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.13 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.13 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£178K02/230.17 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.17 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.17 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.17 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£192K01/210.18 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.18 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.19 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£234.7K01/240.2 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£400K05/210.3 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£255K07/240.32 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.32 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.32 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.32 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£150K09/220.38 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.38 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.38 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£170K04/210.38 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£200K03/210.39 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.39 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.39 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.39 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£165K04/210.39 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£215K11/220.54 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.54 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.54 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.54 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£129.5K02/240.68 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£204K02/230.7 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£85K06/210.72 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£210K08/220.76 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.76 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.76 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.76 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.76 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.76 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£205K08/230.76 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£128K01/230.77 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£100K08/220.81 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.81 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£93K07/220.81 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/200.81 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£190K08/230.83 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2

Local Rents

50 rents from £850/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£92505/240 miChadwick Street, Leeds, West Yorkshire, LS102
£1,15005/240 miMackenzie House, Leeds2
£1,45105/240 mi31 Mackenzie House, LS10 1PJ2
£1,15005/240 mi42 Mackenzie House, Chadwick Street, Leeds, LS10 1PJ2
£1,05005/240 miChadwick Street, Leeds, West Yorkshire, LS102
£1,20005/240 miArmouries Way, Leeds, West Yorkshire, UK, LS102
£1,17505/240 miChadwick Street, Hunslet, Leeds2
£1,17505/240 miApartment 61, Mckenzie House2
£1,25005/240 miChadwick Street, Hunslet, Leeds2
£1,10004/240 mi-2
£1,10012/240 mi-2
£85003/240.01 miArmouries Way, Leeds, West Yorkshire, LS102
£1,30005/240.02 mi72 Mackenzie House, LS10 1PT2
£1,10005/240.02 miMackenzie House Leeds Dock City Centre2
£97505/240.02 miMackenzie House, Leeds Dock, City Centre2
£1,05005/240.02 miMackenzie House Chadwick Street Leeds LS102
£1,10005/240.02 miMackenzie House Clarence Dock2
£1,45005/240.02 miMackenzie House, Leeds Dock2
£1,30005/240.02 miMackenzie House, Leeds Dock2
£1,29005/240.02 miMackenzie House, Leeds Dock2
£1,39505/240.03 miChadwick Street, Leeds, LS102
£1,07505/240.03 miMackenzie House, Leeds, LS102
£1,29505/240.03 miMagellan House, Leeds City Centre2
£1,25005/240.03 miMagellan House Armouries Way Leeds Dock Leeds LS102
£1,00005/240.03 miMagellan House, Leeds Dock, City Centre2
£1,10004/240.03 mi-2
£99505/240.03 miMagellan House, Leeds Dock, Armouries Way, Leeds2
£1,20005/240.04 miMagellan House, Armouries Way, Leeds, West Yorkshire, LS102
£1,35012/240.04 miMackenzie House, Chadwick Street, Leeds, West Yorkshire, LS102
£1,20005/240.04 miMagellan House, Armouries Way, Leeds, LS10 1JE2
£2,00005/240.04 miMackenzie House Penthouse2
£1,15005/240.04 miMackenzie House, Leeds Dock, City Centre2
£1,51205/240.04 mi137 Mackenzie House, LS10 1PU2
£1,15005/240.04 miMackenzie House, Leeds Dock, City Centre2
£1,10005/240.04 miMackenzie House Chadwick Street Leeds LS102
£1,45105/240.04 mi137 Mackenzie House, LS10 1PU2
£1,15005/240.04 miMackenzie House Chadwick Street Leeds LS102
£1,20005/240.04 miMackenzie House Leeds Dock City Centre2
£1,15005/240.04 miMackenzie House, Clarence Dock2
£1,45105/240.04 mi175 Mackenzie House, LS10 1PU2
£1,10005/240.04 miMackenzie House, Chadwick Street, Leeds, LS102
£1,30006/240.04 mi169 Mackenzie House, LS10 1PU2
£1,07503/250.05 mi-2
£1,08503/250.05 mi-2
£99002/250.05 mi-2
£1,05005/240.05 miMagellan House, Leeds Dock2
£99505/240.05 miArmouries Way, Leeds, West Yorkshire, LS102
£1,08005/240.05 miMagellan House, Armouries Way, Leeds2
£1,00005/240.06 miMagellan House, Armouries Way, Leeds, West Yorkshire, LS102
£1,00005/240.09 miMagellan House, Armouries Way, Leeds, West Yorkshire, LS102

Local Area Statistics

Population in LS10

35,593

Population in Leeds

635,166

Town centre distance

1.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Price changed to £185,000

September 26, 2024

Listed for £195,000

June 14, 2024

Floor Plans

Description

  • FULLY FURNISHED +
  • BALCONY +
  • SUB-PENTHOUSE LEVEL +
  • DUAL ASPECT +
  • DOCK FACING VIEWS +
  • CITY FACING VIEWS +
  • TENANTED UNTIL JUNE 2025 @ £1,150 pcm +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • RECENTLY REFURBISHED +
  • GROSS YIELD OF 7% & NET YIELD OF 5.3% +

MACKENZIE HOUSE  

Mackenzie House sits conveniently as a waterside development, bestowing upon its residents a breathtaking view of the Leeds Docks as well as the gorgeous City views. This fully furnished, spacious two bedroom apartment is an excellent investment opportunity owing to the fact that this property at sub-penthouse level and situated at Leeds Docks has high rental demand, has recently been refurbished and already has tenant in situ until June 2025, offering GROSS yields of 7% and NET yields of 5.27%.

The recent refurbishment of the property included full redecoration, repainting of bathrooms, new extractor fans, new grouting, new lino in kitchen, brand new bedroom furniture inclusive of beds, mattress, and bedside tables. This apartment is sold fully-furnished and includes the following & more; 6 x IKEA Pax wardrobes, efficient & useful storage solutions throughout, Kingspan Ultrasteel modern boiler, TV brackets, upgraded white goods & LG ThinQ silent washer-dryer from John Lewis.
 

LOCATION  

Mackenzie House benefits from its gorgeous location upon the Leeds Docks, with stunning waterside and city views, along with many shops, eateries, transport links, and local amenities nearby. Set around the old dockland of the city, it offers tranquil waterside living, with the city centre only being a short walk away. There are a variety of on-site restaurants including Pizza Express and the world renowned Mumtaz Indian restaurant - along with a handy Tesco Express. 

PROPERTY HIGHLIGHTS  

BALCONY
GORGEOUS VIEWS - DOCK FACING AND CITY FACING
RECENTLY REFURBISHED
AMAZING INVESTMENT OPPORTUNITY
GROSS YIELD OF 7%
NET YIELDS OF 5.3%
TENANT IN SITU 

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.

This property is owned by a ltd company. One of the two directors of the company has an interest in this property.

Agent Details

North Property Group, Leeds

0113 519 7488

Next Steps?

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