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3 Bed Terraced House, Refurb/BRRR, Leeds, LS12 1SL, £160,000

Cedar Close, Leeds, West Yorkshire, LS12 1SL - 5 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~75 m²
+6 photos

ValuationOvervalued

Sold Prices£99K - £225K
Sold Prices/m²£968/m² - £3.1K/m²

 

 

Square Metres

~74.50 m²
Price/m²£2.1K/m²

Value Estimate

£145,296

 

 

End Value (After Refurb)

£150,183

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£29,480

Bridging Loan Interest

£4,200

Total Cash In

£81,430

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,183

Mortgage (After Refinance)

£112,637

Mortgage LTV

75%

Cash Left In

£81,430

Equity

£37,546

Rent Range

£750 - £2,500

Rent Estimate

£1,039

Running Costs/mo

£697

Cashflow/mo

£342

Cashflow/yr

£4,103

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £99K to £225K, average is £149.5K. £968/m² to £3.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£115K11/200.01 mi45, Cedar Close, Leeds, West Yorkshire LS12 1SL3
£142K08/210.01 mi36, Cedar Close, Leeds, West Yorkshire LS12 1SL3
£200K12/220.01 mi25, Cedar Close, Leeds, West Yorkshire LS12 1SL3
£130K01/210.04 mi15, St Bartholomews Close, Leeds, West Yorkshire LS12 1SQ3
£135K03/240.04 mi12, Colton Road, Armley, Leeds, West Yorkshire LS12 1TU3
£106.5K01/210.08 mi137, Tong Road, Leeds, West Yorkshire LS12 1QJ3
£153K06/230.13 mi40, Church Road, Armley, Leeds, West Yorkshire LS12 1UW3
£135K03/230.14 mi12, Roderick Street, Leeds, West Yorkshire LS12 4NE3
£99K04/210.14 mi9, Penrith Grove, Leeds, West Yorkshire LS12 4LY3
£123K11/200.15 mi199, Tong Road, Leeds, West Yorkshire LS12 4NA3
£117K10/210.15 mi19, Portland Road, Leeds, West Yorkshire LS12 4LT3
£215K01/230.19 mi61, Stradbroke Way, Leeds, West Yorkshire LS12 4NB3
£175K12/200.2 mi48, Saxstead Rise, Leeds, West Yorkshire LS12 4ND3
£171.5K04/210.2 mi31, Saxstead Rise, Leeds, West Yorkshire LS12 4ND3
£180K11/200.2 mi59, Stradbroke Way, Leeds, West Yorkshire LS12 4NB3
£132.5K11/210.28 mi12, Theaker Lane, Leeds, West Yorkshire LS12 3NZ3
£140K03/210.28 mi18, Chestnut Gardens, Leeds, West Yorkshire LS12 4LP3
£180K09/210.28 mi14, Chestnut Gardens, Leeds, West Yorkshire LS12 4LP3
£166.3K11/230.28 mi27, Brooklyn Avenue, Armley, Leeds, West Yorkshire LS12 2BS3
£150K03/210.32 mi28, Benson Gardens, Leeds, West Yorkshire LS12 4JZ3
£160K05/210.32 mi52, Benson Gardens, Leeds, West Yorkshire LS12 4JZ3
£149.5K11/200.32 mi68, Benson Gardens, Leeds, West Yorkshire LS12 4JZ3
£115.8K12/200.32 mi33, Benson Gardens, Leeds, West Yorkshire LS12 4LA3
£108K05/210.34 mi16, Model Avenue, Leeds, West Yorkshire LS12 2BW3
£122.5K12/200.34 mi81, Benson Gardens, Leeds, West Yorkshire LS12 4LA3
£223K06/230.34 mi15, Benson Gardens, Leeds, West Yorkshire LS12 4LA3
£135K10/200.35 mi7, Oldfield Avenue, Leeds, West Yorkshire LS12 4EN3
£150K02/210.35 mi5, Oldfield Avenue, Leeds, West Yorkshire LS12 4EN3
£113K11/200.35 mi151a, Armley Road, Leeds, West Yorkshire LS12 2LL3
£150K03/230.35 mi153, Armley Road, Leeds, West Yorkshire LS12 2LL3
£180K10/200.36 mi21, Upper Wortley Road, Leeds, West Yorkshire LS12 4LB3
£160K11/200.36 mi19, Upper Wortley Road, Leeds, West Yorkshire LS12 4LB3
£165K01/210.38 mi32, Green Hill Crescent, Leeds, West Yorkshire LS12 4HB3
£170K11/200.39 mi3, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ3
£200K05/230.39 mi31, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ3
£143K12/230.4 mi51, Simpson Grove, Leeds, West Yorkshire LS12 1QG3
£129.9K02/230.4 mi43, Simpson Grove, Leeds, West Yorkshire LS12 1QG3
£225K04/230.4 mi15, Green Hill Gardens, Leeds, West Yorkshire LS12 4HE3
£149.5K09/210.41 mi11, Armley Ridge Road, Leeds, West Yorkshire LS12 3HA3
£120K12/200.41 mi9, Armley Ridge Road, Leeds, West Yorkshire LS12 3HA3
£205K07/230.41 mi7, Green Hill Holt, Leeds, West Yorkshire LS12 4HY3
£148.5K06/210.41 mi134, Town Street, Armley, Leeds, West Yorkshire LS12 3JG3
£148K12/230.41 mi122, Town Street, Armley, Leeds, West Yorkshire LS12 3JG3
£220K12/220.42 mi22, Green Hill Chase, Leeds, West Yorkshire LS12 4HF3
£135K02/210.43 mi18, Roseneath Terrace, Leeds, West Yorkshire LS12 4DZ3
£140K12/230.43 mi3, Roseneath Place, Leeds, West Yorkshire LS12 4EA3
£190K08/230.44 mi38, Green Hill Lane, Leeds, West Yorkshire LS12 4HA3
£130K06/230.46 mi12, Thornton Avenue, Leeds, West Yorkshire LS12 3JD3
£149.5K07/230.46 mi20, Aviary Place, Armley, Leeds, West Yorkshire LS12 2NP3
£205K03/230.46 mi4, Leysholme Drive, Leeds, West Yorkshire LS12 4HQ3

Local Rents

38 rents from £750/mo to £2.5K/mo, average is £945/mo.

RentDateDistanceAddressBeds 
£85001/240.04 mi-3
£99512/240.05 mi-3
£90002/250.05 mi-3
£94512/240.15 mi-3
£94502/240.15 mi-3
£90005/240.15 miChapel Lane, Armley, Leeds, LS123
£85002/250.15 mi-3
£89505/240.25 miBrooklyn Street, Leeds, West Yorkshire, LS123
£1,02505/240.3 miModel Road, LEEDS3
£94503/250.3 mi-3
£92005/240.32 miEyres Mill Side, Leeds, West Yorkshire, LS123
£1,00006/240.36 miMd3
£1,80005/240.36 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS123
£90005/240.37 miCecil Mount, Leeds, LS123
£1,20005/240.41 miGreen Hill Croft, Leeds, LS123
£1,10002/250.42 mi-3
£99502/250.42 mi-3
£92505/240.45 miArmley Ridge Road, Leeds, West Yorkshire, LS123
£90003/250.45 mi-3
£99502/240.46 mi-3
£95005/240.46 mi-3
£1,34504/250.48 mi-3
£2,50005/240.48 mi-3
£1,24503/250.49 mi-3
£1,20005/240.5 miWaveney Road, Leeds, West Yorkshire, LS123
£95004/250.51 mi-3
£92502/250.52 mi-3
£82505/240.53 mi8 Edinburgh Terrace, LS12 3RH3
£82505/240.53 mi8 Edinburgh Terrace, LS12 3RH3
£90005/240.53 miBarden Mount, Leeds, West Yorkshire, LS123
£1,20001/250.53 mi-3
£75005/240.54 miConference Place, Leeds, West Yorkshire, UK, LS123
£79503/240.55 miFirst Avenue, Armley, Leeds, LS123
£1,40004/250.57 mi-3
£85006/240.57 miPark Mount, Armley , Leeds3
£1,20012/240.59 mi-3
£89505/240.61 miGreenside Close, Leeds, West Yorkshire3
£89505/240.61 miGreenside Close, Leeds, West Yorkshire3

Links

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £160,000

July 5, 2024

Floor Plans

Description

  • No Onward Chain +
  • Spacious Town House +
  • Popular Residential Location +
  • Ideally Located For Commuting +
  • In Need Of Updating +
  • Gardens & Garage +
  • Early Viewing Essential +
  • EPC Rating C / Council Tax Band: B +

Offered for sale with no onward chain and in need to updating. Three bedroom mid-townhouse situated in this popular neighbourhood, within easy reach of Leeds City Centre, Ring Road and Motorway networks.

This property boasts a spacious lounge, kitchen/diner, three bedrooms and bathroom making it an ideal family home.

With front and rear gardens and a garage, with its affordable price, this townhouse presents a fantastic opportunity for both first-time buyers and investors alike.

Don't miss out, contact us today to arrange a viewing and make this house your new home.

Agent Details

Manning Stainton, Wortley

0113 519 1788

Next Steps?

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

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