4 Bed Terraced House, Refurb/BRRR, Leeds, LS12 2HL, £199,995

42 Mistress Lane, Leeds, West Yorkshire, LS12 2HL - 4 views - 10 months ago

Sold STC
Refurb/BRRR
~187 m²
+21 photos

ValuationFair Value

Sold Prices£90K - £375K
Sold Prices/m²£862/m² - £3.7K/m²

 

 

Square Metres

~187.36 m²
Price/m²£1.1K/m²

Value Estimate

£199,995

 

 

End Value (After Refurb)

£290,531

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,999

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£74,138

Bridging Loan Interest

£5,250

Total Cash In

£138,337

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,531

Mortgage (After Refinance)

£217,898

Mortgage LTV

75%

Cash Released

£67,902

Cash Left In

£70,435

Equity

£72,633

Rent Range

£795 - £4,500

Rent Estimate

£1,169

Running Costs/mo

£1,162

Cashflow/mo

£7

Cashflow/yr

£88

ROI

0%

Gross Yield

7%

Local Sold Prices

47 sold prices from £90K to £375K, average is £195K. £862/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£140K10/200.06 mi5, Laurel Grove, Armley, Leeds, West Yorkshire LS12 2DD4
£185K01/230.16 mi17, Athlone Grove, Leeds, West Yorkshire LS12 1UD4
£170K03/210.19 mi12, Athlone Terrace, Leeds, West Yorkshire LS12 1UA4
£150K04/230.19 mi1, Cecil Mount, Armley, Leeds, West Yorkshire LS12 2AP4
£120K05/210.2 mi4, Model Road, Armley, Leeds, West Yorkshire LS12 2BN4
£205K08/230.26 mi6, Cricketers Terrace, Leeds, West Yorkshire LS12 1ST4
£140K12/230.27 mi5, Salisbury Terrace, Leeds, West Yorkshire LS12 2AY4
£180K04/230.34 mi14, Armley Park Road, Armley, Leeds, West Yorkshire LS12 2PG4
£229K01/210.4 mi16, Stradbroke Way, Leeds, West Yorkshire LS12 4NB4
£312.5K12/230.4 mi24, Stradbroke Way, Leeds, West Yorkshire LS12 4NB4
£290K02/210.43 mi9, Saxstead Rise, Leeds, West Yorkshire LS12 4ND4
£134K11/200.48 mi3, Imperial Terrace, Leeds, West Yorkshire LS12 3NS4
£100K12/200.49 mi10, Gilpin Terrace, Leeds, West Yorkshire LS12 1HL4
£140K12/200.49 mi6, Wortley Road, Leeds, West Yorkshire LS12 3HU4
£155K02/230.53 mi6, Park Crescent, Armley, Leeds, West Yorkshire LS12 3NL4
£145K01/230.54 mi20, Highthorne View, Armley, Leeds, West Yorkshire LS12 3JR4
£195K06/210.59 mi12, Tavistock Way, Leeds, West Yorkshire LS12 4DR4
£150K08/210.61 mi17, Whingate Grove, Leeds, West Yorkshire LS12 3RD4
£90K03/240.63 mi10, Aberdeen Walk, Leeds, West Yorkshire LS12 3SB4
£245K12/200.65 mi29, Colmore Road, Leeds, West Yorkshire LS12 4DF4
£190K01/230.66 mi23, Aberdeen Grove, Leeds, West Yorkshire LS12 3QY4
£100K02/210.67 mi13, Aberdeen Grove, Leeds, West Yorkshire LS12 3QY4
£157.5K04/230.68 mi18, Springfield Mount, Armley, Leeds, West Yorkshire LS12 3QX4
£135K07/230.7 mi1, Claremont Place, Leeds, West Yorkshire LS12 3ED4
£225K06/230.71 mi38, Leysholme Drive, Leeds, West Yorkshire LS12 4HQ4
£265.5K09/210.73 mi2, Highfield View, Leeds, West Yorkshire LS12 4UE4
£215K08/210.74 mi5, Haddon Place, Leeds, West Yorkshire LS4 2JU4
£191.5K06/210.75 mi11, Haddon Road, Leeds, West Yorkshire LS4 2JE4
£270K01/230.75 mi59, Haddon Road, Leeds, West Yorkshire LS4 2JE4
£305K02/230.77 mi37, College Lawns, Leeds, West Yorkshire LS12 3LP4
£190K12/200.77 mi45, Bankfield Terrace, Leeds, West Yorkshire LS4 2JR4
£253.8K11/200.78 mi32, Tower Lane, Leeds, West Yorkshire LS12 3SD4
£237K09/220.81 mi44, Bankfield Terrace, Leeds, West Yorkshire LS4 2RE4
£190K03/230.84 mi10, Western Street, Leeds, West Yorkshire LS12 4SX4
£220K07/230.84 mi3, Wetherby Grove, Leeds, West Yorkshire LS4 2JH4
£195K01/230.84 mi7, Wetherby Terrace, Leeds, West Yorkshire LS4 2JQ4
£335K11/230.85 mi3, Westfield Avenue, Leeds, West Yorkshire LS12 3SJ4
£155K06/210.86 mi83, Burley Lodge Terrace, Leeds, West Yorkshire LS6 1QD4
£242.5K06/230.88 mi90, Burley Lodge Road, Leeds, West Yorkshire LS6 1QF4
£215K07/210.89 mi18, Burley Lodge Road, Leeds, West Yorkshire LS6 1QP4
£155K08/210.91 mi47, St Anns Avenue, Leeds, West Yorkshire LS4 2PB4
£293K08/230.91 mi25, St Anns Avenue, Leeds, West Yorkshire LS4 2PB4
£310K08/220.94 mi6, Knowle Road, Leeds, West Yorkshire LS4 2PJ4
£370K03/210.95 mi39, Fawcett Lane, Leeds, West Yorkshire LS12 4PG4
£305K06/210.96 mi5, Cliffe Park Chase, Leeds, West Yorkshire LS12 4XQ4
£262K11/200.97 mi7, Armley Grange Drive, Armley, Leeds, West Yorkshire LS12 3QH4
£375K09/230.97 mi12, Armley Grange Drive, Armley, Leeds, West Yorkshire LS12 3QH4

Local Rents

45 rents from £795/mo to £4.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,39505/240.07 mi-4
£1,09504/250.07 mi-4
£1,25005/240.08 miBrentwood Terrace, Leeds, West Yorkshire, LS125
£89505/240.08 miBrooklyn Street, Leeds, West Yorkshire, LS123
£1,35004/250.08 mi-5
£4,50002/240.09 mi-5
£90005/240.1 miChapel Lane, Armley, Leeds, LS123
£94512/240.11 mi-3
£1,15006/240.13 mi-4
£1,02505/240.15 miModel Road, LEEDS3
£1,15005/240.15 miModel Terrace, Leeds, West Yorkshire4
£90005/240.19 miCecil Mount, Leeds, LS123
£1,30012/240.2 mi-4
£1,00006/240.2 miMd3
£1,10005/240.21 miLeeds, LS124
£99512/240.22 mi-3
£90002/250.22 mi-3
£85001/240.24 mi-3
£92005/240.24 miEyres Mill Side, Leeds, West Yorkshire, LS123
£1,20012/240.25 mi-4
£1,15002/250.27 mi-4
£1,15002/250.27 mi-4
£1,15004/250.28 mi-4
£1,05012/240.29 mi-4
£94503/250.31 mi-3
£95004/250.33 mi-3
£1,20001/250.35 mi-3
£94502/240.35 mi-3
£85002/250.38 mi-3
£90003/250.43 mi-3
£1,15005/240.44 miChrist Church Road, Armley, Leeds, LS124
£79503/240.45 miFirst Avenue, Armley, Leeds, LS123
£1,10002/250.49 mi-3
£99502/250.49 mi-3
£92505/240.49 miArmley Ridge Road, Leeds, West Yorkshire, LS123
£1,40003/250.51 mi-4
£95005/240.52 mi-3
£1,24503/250.56 mi-3
£1,34504/250.57 mi-3
£85006/240.57 miPark Mount, Armley , Leeds3
£99502/240.59 mi-3
£1,80005/240.6 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS123
£82505/240.6 mi8 Edinburgh Terrace, LS12 3RH3
£82505/240.6 mi8 Edinburgh Terrace, LS12 3RH3
£95005/240.61 miAberdeen Walk, Armley, Leeds, LS124

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £199,995

July 10, 2024

Floor Plans

Description

  • Four Bedroom Extended Semi Detached +
  • Modernisation and Updating Required +
  • Spacious Accommodation +
  • Ideal Investment Opportunity for a Landlord / Builder +
  • Gardens Front & Rear +
  • Off Street Parking +
  • Extended to Two Floors +
  • Gas Central Heating & Partial Double Glazing +
  • Early Viewing Advised +
  • Council Tax Band: C / EPC Rating: E +

A SPACIOUS and EXTENDED FOUR BEDROOM SEMI DETACHED with two reception rooms situated in a popular residential area of Armley amidst similar style property, making an ideal purchase for either a FIRST TIME BUYER, a LANDLORD, or an INVESTOR . This property is being sold CHAIN FREE ON COMPLETION and is in need of MODERNISATION and UPDATING THROUGHOUT.

Briefly throughout the ground floor accommodation comprises of a HALLWAY with stairs (with a stairlift) rising to the first floor, a THROUGH LIVING ROOM with a fireplace and hearth, and windows to the front and rear aspects, a REAR HALLWAY with access to a LARGE STORAGE ROOM and to a SUN ROOM, a KITCHEN with a range of cabinets and worksurfaces, and a SEPARATE DINING ROOM with a glazed external door giving access to the front of the property.

To the first floor there are THREE DOUBLE BEDROOMS, a further SINGLE BEDROOM and a BATHROOM / WC.

Externally there are GARDENS to the front and rear and a DRIVWAY providing useful OFF STREET PARKING. There is a large workshop / garage / storage space in the rear garden; this building is in a poor state of repair and would either need demolishing or a large amount of maintenance.

Armley is situated approximately 3 miles south-west of Leeds City Centre and is near to an array of Shops & Supermarkets, Doctors Surgeries, Popular Pubs and Eateries, Armley Leisure Centre is close by, there are Well Regarded Primary Schools and Bus Routes to surrounding areas. The M62 & M621 motorways and Bramley, Kirkstall Forge and Leeds City railway stations are a short drive away.

Internal viewings can be arranged by contacting the office on / .

Council Tax Band: C / EPC Rating: E

Ground Floor: -

Hallway: - Access via a a front entrance door, stairs rising to the first floor, stairlift

Through Living Room: - Double glazed windows to two aspects, fireplace and hearth with an electric fire, central heating radiators, built-in storage to the chimney alcoves

Rear Hallway & Storage Room: - External door giving access to the rear of the property / a sun room, central heating radiator, access to a large storage area with further access to an under-stairs cupboard

Sun Room: - A glazed sun room with access to a storage area

Cloakroom / Wc: - Low flush WC

Ktchen: - Double glazed window, a range of wall, drawer & base cabinets with work surfaces above, breakfast bar, gas hob, double oven, plumbing for an automatic washing machine, space for a fridge / freezer, central heating radiator, inset sink and drainer

Dining Room: - Double glazed window, a part glazed external door giving access to the front of the property, laminated flooring, central heating radiator

First Floor: -

Landing: - Access to the first floor accommodation

Bedroom One: - Double glazed windows to the front and rear elevations, two central heating radiators, a spacious room.

Bedroom Two: - Double glazed window, central heating radiator, fitted wardrobes

Bedroom Three: - Double glazed window, central heating radiator

Bedroom Four: - Double glazed window

Bathroom / Wc: - Double glazed window, a three piece bathroom suite

To The Outside: -

Gardens: - The front garden in partly low maintenance and has some planting. The rear garden is mainly low maintenance and has access to a large garage / storage shed / workshop which is in need of full repair / demolition

Epc Link: -

Off Street Parking: - A driveway provides useful off street parking for two cars

Council Tax Band & Epc Rating - Council Tax Band: C / EPC Rating: E

Agent Details

Kath Wells Estate Agents, Wortley

0113 519 3022

Next Steps?

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