3 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 5EP, £215,600

1 Spen Walk, Leeds, West Yorkshire, LS16 5EP - 2 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 4%
81 m²
+7 photos

ValuationOvervalued

Sold Prices£120K - £365K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

81 m²
Price/m²£2.7K/m²

Value Estimate

£210,999

 

 

End Value (After Refurb)

£214,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,900

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£32,052

Bridging Loan Interest

£5,660

Total Cash In

£101,161

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£214,000

Mortgage (After Refinance)

£160,500

Mortgage LTV

75%

Cash Left In

£101,161

Equity

£53,500

Rent Range

£795 - £2,580

Rent Estimate

£1,264

Running Costs/mo

£942

Cashflow/mo

£322

Cashflow/yr

£3,869

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £365K, average is £222.2K. £1.3K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£224.4K01/240.05 mi81, Spen Approach, Leeds, West Yorkshire LS16 5ES3
£255K08/240.05 mi68, Spen Approach, Leeds, West Yorkshire LS16 5ES3
£225K08/230.05 mi1, Spen Crescent, Leeds, West Yorkshire LS16 5ET3
£216.5K09/210.07 mi10, Spen Mews, Leeds, West Yorkshire LS16 5QN3
£153K04/210.07 mi30, Spen Approach, Leeds, West Yorkshire LS16 5EW3
£136K01/210.12 mi94, Lea Farm Drive, Leeds, West Yorkshire LS5 3QH3
£171K05/210.14 mi94, Spen Approach, Leeds, West Yorkshire LS16 5HF3
£165K05/210.15 mi35, Old Oak Drive, Leeds, West Yorkshire LS16 5HA3
£180K12/220.15 mi12, Lea Farm Row, Leeds, West Yorkshire LS5 3QR3
£188K02/210.15 mi71, Lea Farm Drive, Leeds, West Yorkshire LS5 3QN3
£231K03/210.18 mi5, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£170K11/200.18 mi33, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£214K08/210.18 mi11, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£250K01/210.18 mi1, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£300.8K08/230.18 mi7, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG3
£268K08/230.19 mi12, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£151K03/230.19 mi23, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£335K12/230.19 mi10, Ghyll Road, Leeds, West Yorkshire LS6 3LY3
£180K12/200.19 mi240, Queenswood Drive, Leeds, West Yorkshire LS6 3ND3
£265K08/230.19 mi6, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£157K04/210.19 mi4, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£257.3K07/230.19 mi30, Lea Farm Grove, Leeds, West Yorkshire LS5 3QJ3
£248.5K06/230.2 mi4, Lea Farm Crescent, Leeds, West Yorkshire LS5 3QQ3
£190.5K09/220.24 mi31, Lea Farm Road, Leeds, West Yorkshire LS5 3PB3
£232K08/230.24 mi7, Lea Farm Road, Leeds, West Yorkshire LS5 3PB3
£280K08/240.24 mi20, Vesper Road, Leeds, West Yorkshire LS5 3NX3
£182K06/210.27 mi47, Lea Farm Road, Leeds, West Yorkshire LS5 3PL3
£192K08/240.28 mi4, Hawkswood Street, Leeds, West Yorkshire LS5 3PA3
£357.5K06/210.28 mi3, Vesper Road, Leeds, West Yorkshire LS5 3NU3
£120K03/210.29 mi13, Hawkswood Mount, Leeds, West Yorkshire LS5 3PQ3
£240K12/210.3 mi2, Southolme Close, Leeds, West Yorkshire LS5 3LP3
£282.5K10/230.3 mi4, Southolme Close, Leeds, West Yorkshire LS5 3LP3
£192.5K10/210.32 mi157, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£210K06/230.32 mi167, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£247.5K10/230.32 mi12, Woodbridge Crescent, Leeds, West Yorkshire LS6 3LN3
£190K11/200.32 mi37, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£191.3K03/210.32 mi21, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£209K12/200.32 mi35, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£297K02/220.32 mi39, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£289.9K10/230.32 mi3, Quarry Bank Court, Leeds, West Yorkshire LS5 3NT3
£237K09/220.32 mi153, Butcher Hill, Leeds, West Yorkshire LS16 5EA3
£240K03/230.32 mi205, Queenswood Drive, Leeds, West Yorkshire LS6 3LL3
£365K05/210.33 mi41, Moor Grange View, Leeds, West Yorkshire LS16 5BH3
£210K12/220.35 mi10, Kepstorn Close, Leeds, West Yorkshire LS5 3EL3
£215K08/210.35 mi16, Old Farm Approach, Leeds, West Yorkshire LS16 5DD3
£220K02/240.35 mi16, Hawkswood Grove, Leeds, West Yorkshire LS5 3PF3
£295K12/220.35 mi43, Vesper Lane, Leeds, West Yorkshire LS5 3NR3
£265K07/210.36 mi18, Vesper Court, Leeds, West Yorkshire LS5 3NW3
£258.3K02/230.36 mi153, Latchmere Drive, Leeds, West Yorkshire LS16 5DY3
£195K06/210.37 mi22, Broadway, Kirkstall, Leeds, West Yorkshire LS5 3PR3

Local Rents

24 rents from £795/mo to £2.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25003/250.19 mi-3
£1,40003/250.23 mi-3
£2,58002/240.26 mi-3
£99505/240.28 miVesper Road, Kirkstall3
£1,25005/240.28 miVesper Road, Leeds3
£85005/240.31 miBroadway, LS53
£1,20005/240.32 miButcher Hill, LEEDS3
£1,40012/230.32 mi-3
£1,35012/240.32 mi-3
£1,02512/240.35 mi-3
£1,02506/240.35 miWoodbridge Crescent, Leeds, LS63
£1,10006/240.37 miBroadway, Kirkstall, Leeds, West Yorkshire, LS53
£2,00003/240.51 miLow Lane, Horsforth, Leeds, UK, LS183
£2,10012/240.56 miHorsforth Mill, Low Lane, Horsforth, Leeds3
£99505/240.56 miVesper Way, Kirkstall, Leeds3
£1,29505/240.57 miLatchmere Gardens, Leeds, West Yorkshire, LS163
£1,20005/240.57 miVesper Road, Leeds, West Yorkshire, LS53
£97505/240.58 miCragside Place, Kirkstall, Leeds, LS53
£97504/250.58 mi-3
£1,00012/240.59 miParadise Grove, Horsforth, Leeds, West Yorkshire, LS183
£97507/230.6 mi-3
£1,20012/240.62 mi-3
£79506/240.62 miVesper Road, Leeds3
£1,79903/250.62 mi-3

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

2.88 miles away

Nearest school

0.40 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £215,600

January 11, 2025

Listed for £220,000

July 16, 2024

Sold for £91,500

2003

Sold for £47,000

1995

Floor Plans

Description

  • Exciting opportunity! +
  • Will suit a number of buyers. +
  • Boasts fabulous future potential as sits on a large corner plot. +
  • Wrap around, lawned gardens to front, side & rear. +
  • Parking is on street. +
  • Minutes to amenities, schools & train station. +
  • Great road & bus links into the city centre. +
  • In need of updating inside & out. +
  • 3 bedroom family home. +
  • Lounge, dining room & kitchen. +

GREAT OPPORTUNITY! Sitting on a LARGE CORNER PLOT is this THREE bed., family home with wrap around gardens, mainly laid to lawn to the front, side & rear elevations, all enclosed by fenced boundaries! There is excellent FUTURE POTENTIAL to extend, subject to the necessary approvals & both the property & gardens would benefit from some updating & landscaping. Excellent amenities, SCHOOLS, the TRAIN ST., at Horsforth & great road & bus links into the city centre, are all on your doorstep. Will suit a number of buyers so sure to be popular, briefly, entrance hallway, good size lounge with glazed double doors through to a dining room to the rear & access from here to the kitchen. Upstairs are TWO DOUBLE beds., one with fitted 'robes, a large single & three piece house bathroom. Early viewing essential, such an exciting opportunity to create your own family space! Call us now - .

- SPACIOUS THREE BEDROOM SEMI DETACHED - LARGE GARDEN - EXCELLENT ACCESS TO LEEDS CITY CENTRE

This three bedroom semi-detached property is located on a large corner plot in the popular area of West Park, within easy reach of Headingley and Leeds city centre.

INTRODUCTION
How exciting! This spacious family home is in need of updating both inside and out but sits on a large corner plot and offers excellent future potential! There a wrap around, mainly lawned gardens with fenced boundaries and parking is on street. Sited close to amenities, schools, the train station at Horsforth and with great road and bus links, this family home is essential viewing, as will suit a number of buyers! Comprises, entrance hallway, light and airy lounge to the front, a second reception/dining room to the rear, kitchen with access out to the side, two double bedrooms, one with fitted furniture, a generous single, currently used as a music room but would make a great home office and a three piece house bathroom. This one is sure to be popular, taking into account the fabulous future scope on offer due to the size of the plot, call us now, do not miss out!

LOCATION
The property is ideally situated close to the amenities of Spen Lane & Otley Old Road, including the Co-Op, local shops, post office, health centre, cafes and take-aways. The Holt Park shopping complex has an Asda supermarket, swimming pool/leisure centre and various other shops and this is within a short distance. This location also offers easy access to Otley Road (A660) and the Ring Road (A6120) which provide major links to the motorway networks and bus services into the centre of Leeds. For the more travelled commuter, Leeds - Bradford International Airport is only a short car ride away. The neighbouring villages of Adel and Horsforth are very accessible from here and offer an abundance of shops and banks etc, whilst Headingley is easily accessible with its vibrant & eclectic mix of amenities, which includes Headingley Stadium where first class rugby and cricket can be enjoyed. There are a variety of restaurants, coffee bars and eateries in the area catering for all tastes and age groups. Lawnswood high school is within a short walk along with Iveson Primary and Holy Name Primary School.

HOW TO FIND THE PROPERTY
SAT NAV - Post Code - LS16 5EP.

ACCOMMODATION
The property would benefit from some updating. Sits on a large corner plot with extensive lawned gardens to the front, side and rear so excellent future scope!

GROUND FLOOR
Steps up to entrance door with side light to ...

ENTRANCE HALL
A generous hallway with ample space for coats, bags, shoes, etc., with staircase up to the first floor. Doors to ...

LOUNGE 14'1" x 11'10" (4.3m x 3.6m)
Such a good size reception room with a window to the front elevation and ample space for sofas. Glazed double doors through to the ...

2ND RECEPTION/DINING ROOM 9'10" x 8'1" (3m x 2.46m)
A useful versatile space with scope to knock through and rear garden outlook. Door to ...

KITCHEN 13'4" x 8'9" (4.06m x 2.67m)
At the rear of the house with pleasant garden outlook and scope to modernise. Currently with timber fitted units and complementary worksurfaces, access out to the side and useful understair storage/pantry. Stainless steel sink and side drainer with mixer tap. Point for a cooker, plumbing for a washing machine and space for a fridge freezer.

FIRST FLOOR

LANDING
A light and airy landing with a window to the side elevation and doors to ...

BEDROOM ONE 12'5" x 10'1" (3.78m x 3.07m)
A good size main bedroom, at the front of the house with plenty of natural light.

BEDROOM TWO 12'10" x 9'5" (3.9m x 2.87m)
Another generous double bedroom, to the rear, overlooking the garden, with fitted wardrobes.

BEDROOM THREE 9'3" x 8'1" (2.82m x 2.46m)
A large single here at the front, currently used as a music room but great nursery or home office.

BATHROOM 7'3" x 5'6" (2.2m x 1.68m)
A three piece house bathroom with dual aspect windows to the rear and side elevations, a panelled bath with electric shower over, WC and wall hung basin. White tiling to wet areas.

OUTSIDE
Sitting on a large corner plot the property boasts wrap around gardens to the front, side and rear elevations with fenced boundaries and gated access between the front and rear gardens. The rear garden is nice and private with mature shrubs and lawn. Parking is on street. The gardens are in need of some 'tlc' too but offer excellent potential, subject to the necessary approvals.

BROCHURE DETAILS
Hardisty and Co prepared these details, including photography, in accordance with our estate agency agreement.

SERVICES - Disclosure of Financial Interests
Unless instructed otherwise, the company would normally offer all clients, applicants and prospective purchasers its full range of estate agency services, including the valuation of their present property and sales service. We also intend to offer clients, applicants and prospective purchasers' mortgage and financial services advice through our association with our in-house mortgage and protection specialists HARDISTY FINANCIAL. We will also offer to clients and prospective purchasers the services of our panel solicitors, removers and contactors. We would normally be entitled to commission or fees for such services and disclosure of all our financial interests can be found on our website.

MORTGAGE SERVICES
We are whole of market and would love to help with your purchase or remortgage. Call Hardisty Financial to book your appointment today option 3.

Agent Details

Hardisty & Co, Horsforth

0113 519 3380

Next Steps?

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