2 Bed Flat, Single Let, Leeds, LS11 9BF, £175,000

Velocity East, Leeds City Centre , LS11 9BF - 9 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+3 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£203,285£203,285
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£10,950£10,950
Total Cash In	£54,700£54,700

Cash Out
Rent Range	£900 - £1,895£900 - £1,895
Rent Estimate	£975
Running Costs/mo	£762£762
Cashflow/mo	£213£213
Cashflow/yr	£2,558£2,558
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £60K to £300K, average is £190K. £909/m² to £3.8K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	11/22	0.15 mi	Apartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£262.5K	01/23	0.15 mi	Apartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£232.5K	03/22	0.15 mi	Apartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT	-	-	2	Flat
£250K	03/23	0.15 mi	Apartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£204K	02/23	0.19 mi	32, Butcher Street, Leeds, West Yorkshire LS11 5WF	-	-	2	Flat
£175K	05/21	0.25 mi	29, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,536	69	2	Flat
£190K	11/21	0.25 mi	7, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,716	70	2	Flat
£194K	10/21	0.25 mi	20, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,985	65	2	Flat
£210K	05/22	0.25 mi	23, Butcher Street, Leeds, West Yorkshire LS11 5WF	£3,818	55	2	Flat
£210K	08/22	0.25 mi	11, Butcher Street, Leeds, West Yorkshire LS11 5WF	-	-	2	Flat
£210K	08/22	0.25 mi	18, Butcher Street, Leeds, West Yorkshire LS11 5WF	£3,000	70	2	Flat
£255K	07/24	0.43 mi	3, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,542	72	2	Flat
£164K	07/21	0.43 mi	44, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,154	52	2	Flat
£193.5K	12/20	0.43 mi	19, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,779	51	2	Flat
£195K	01/23	0.43 mi	11, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,250	60	2	Flat
£100K	08/22	0.56 mi	46, Admiral Street, Leeds, West Yorkshire LS11 5NG	£1,786	56	2	Flat
£110K	06/22	0.56 mi	44, Admiral Street, Leeds, West Yorkshire LS11 5NG	£2,402	46	2	Flat
£93K	07/22	0.56 mi	32, Admiral Street, Leeds, West Yorkshire LS11 5NG	-	-	2	Flat
£107K	10/20	0.56 mi	14, Admiral Street, Leeds, West Yorkshire LS11 5NG	£2,403	45	2	Flat
£192K	01/21	0.57 mi	37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,765	51	2	Flat
£185K	12/20	0.57 mi	16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,504	53	2	Flat
£207.8K	05/21	0.57 mi	32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,241	64	2	Flat
£170K	10/23	0.58 mi	Flat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU	-	-	2	Flat
£190K	01/23	0.58 mi	Flat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT	-	-	2	Flat
£270K	02/23	0.59 mi	Flat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£102K	04/22	0.61 mi	34, Admiral Street, Leeds, West Yorkshire LS11 5NG	£1,821	56	2	Flat
£220K	11/22	0.62 mi	Flat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD	-	-	2	Flat
£300K	09/23	0.63 mi	Flat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£187.5K	02/21	0.63 mi	Flat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£215K	04/21	0.63 mi	Flat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£186K	08/21	0.63 mi	Flat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£160K	04/21	0.63 mi	Flat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£188K	08/23	0.63 mi	Flat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	£2,474	76	2	Flat
£190K	02/23	0.64 mi	Flat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£176K	06/21	0.64 mi	Flat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£148K	03/21	0.64 mi	Flat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£240K	10/20	0.64 mi	Flat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£60K	04/21	0.64 mi	1, St Lukes Crescent, Leeds, West Yorkshire LS11 8LA	£909	66	2	Flat
£185.5K	04/21	0.65 mi	Flat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£175K	04/21	0.66 mi	Flat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£190.5K	01/21	0.66 mi	Flat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	£2,721	70	2	Flat
£169.9K	02/21	0.66 mi	Flat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£170K	12/22	0.66 mi	Flat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£225K	01/23	0.66 mi	Flat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£270K	02/21	0.66 mi	Flat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£194.5K	03/23	0.66 mi	Flat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£280K	05/21	0.66 mi	Flat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£177.5K	04/23	0.67 mi	Flat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE	-	-	2	Flat
£172K	04/21	0.67 mi	Flat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£169K	12/21	0.67 mi	Flat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE	-	-	2	Flat

Local Rents

50 rents from £900/mo to £1.9K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,050	12/24	0 mi	-	2	Flat
£1,100	05/24	0 mi	Velocity East, 4 City Walk	2	Flat
£1,000	12/24	0.01 mi	-	2	Flat
£1,100	05/24	0.01 mi	City Walk, Leeds, LS11	2	Flat
£1,150	01/25	0.03 mi	-	2	Flat
£1,400	05/24	0.03 mi	Velocity West, 5 City Walk, Leeds, LS11 9BG	2	Flat
£1,150	06/24	0.03 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,150	12/24	0.03 mi	-	2	Flat
£1,150	05/24	0.03 mi	Velocity North, Leeds, LS11	2	Flat
£1,150	05/24	0.03 mi	Velocity West, Leeds City Centre	2	Flat
£1,000	05/24	0.03 mi	-	2	Flat
£1,100	05/24	0.04 mi	City Walk, Leeds, West Yorkshire, LS11	2	Flat
£1,050	05/24	0.04 mi	Velocity North, 3 City Walk, Leeds	2	Flat
£1,150	05/24	0.04 mi	Velocity North, 3 City Walk, Leeds	2	Flat
£1,100	05/24	0.04 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£925	05/24	0.04 mi	Velocity East, 4 City Walk, Leeds	2	Flat
£1,200	05/24	0.04 mi	6 City Walk, Holbeck, Leeds, LS11	2	Flat
£1,150	05/24	0.04 mi	6 City Walk, Holbeck, Leeds, LS11	2	Flat
£1,150	05/24	0.04 mi	6 City Walk, Holbeck, Leeds, LS11	2	Flat
£1,200	06/24	0.04 mi	6 City Walk, Holbeck, Leeds, LS11	2	Flat
£1,075	06/24	0.04 mi	Velocity East, 4 City Walk, Leeds, West Yorkshire, LS11	2	Flat
£1,100	05/24	0.04 mi	-	2	Flat
£1,100	05/24	0.04 mi	Velocity South, Leeds, LS11	2	Flat
£1,100	05/24	0.05 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,270	06/24	0.05 mi	Leeds City Centre LS11	2	Flat
£1,355	06/24	0.05 mi	Leeds City Centre, LS11	2	Flat
£1,100	05/24	0.06 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,250	02/25	0.06 mi	-	2	Flat
£1,050	12/24	0.06 mi	-	2	Flat
£900	04/25	0.06 mi	-	2	Flat
£1,200	05/24	0.06 mi	Velocity North, City Walk	2	Flat
£1,270	05/24	0.08 mi	Leeds City Centre, LS11	2	Flat
£1,250	05/24	0.09 mi	Ingram Street, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,100	06/24	0.09 mi	Ingram Street, Manor Mills Ingram Street, LS11	2	Flat
£1,050	05/24	0.09 mi	Manor Mills, Ingram Street, Leeds, West Yorkshire, LS11	2	Flat
£1,395	05/24	0.09 mi	Daniels House, Leeds, LS11	2	Flat
£1,150	05/24	0.09 mi	Mannor Mills Ingram Street	2	Flat
£975	05/24	0.09 mi	Manor Mills, Ingram Street, Leeds	2	Flat
£1,100	05/24	0.1 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,375	03/24	0.14 mi	Water Lane	2	Flat
£1,895	05/24	0.14 mi	Apartment, Bridgewater Place, Leeds	2	Flat
£1,355	05/24	0.14 mi	-	2	Flat
£1,300	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,350	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,330	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,360	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,420	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,365	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,235	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat
£1,270	05/24	0.14 mi	Pin Yard Leeds LS11	2	Flat

Local Area Statistics

Population in LS11	34,73234,732
Population in Leeds	635,166635,166
Town centre distance	0.87 miles away0.87 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+40%+40%

Property History

Price changed to £175,000

February 16, 2025

Listed for £179,995

July 3, 2024

Floor Plans

Description

Two double bedrooms +
Two bathrooms +
Parking +
Close to the City Centre +
Approx 645 sq ft +
999 year lease +

TWO DOUBLE BEDROOMS, 2 BATHROOMS, PARKING, CLOSE TO THE CITY CENTRE

The Velocity Development is ideally located to the South of the City Centre with Leeds Train Station and City Centre Shopping, Restaurants and Bars only a short walk away. Presently comprises of 4 blocks, North, South, East and West.

We have been informed
Lease 999 years from 1/1/2003
Ground rent £250
Service charge £1554
EPC Rating C

Nigel Lenton’s 42 years in sales and lettings means you are in very safe and trustworthy hands at The Agency. Velocity is one the many sites Nigel helped sell off plan originally.

Agent Details

The Estate Agency Leeds, Leeds

0113 519 0549

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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