6 Bed HMO, Leeds, LS7 4LA, £449,950

2 Harrogate Road, Chapel Allerton, Leeds, Yorkshire, LS7 4LA - 6 views - 8 months ago

HMO
ROI: 6%
~186 m²
+14 photos

ValuationUndervalued

Sold Prices£183K - £1.1M
Sold Prices/m²£859/m² - £5.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.4K/m²

Value Estimate

£544,823
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,488

Stamp Duty & Legal Fees

£24,696

Total Cash In

£137,184

 

 

Cash Out

 

Room Rate

£597

Gross Rent

£3,582

Running Costs/mo

£2,865

Cashflow/mo

£717

Cashflow/yr

£8,607

ROI

6%

Gross Yield

10%

Local Sold Prices

41 sold prices from £183K to £1.1M, average is £576.5K. £859/m² to £5.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£440K08/210.28 mi25, Meadow Walk, Leeds, West Yorkshire LS7 4RN6
£440K08/210.28 mi25, Meadow Walk, Leeds, West Yorkshire LS7 4RN6
£426K06/210.3 mi7, Gledhow Park Road, Leeds, West Yorkshire LS7 4JX6
£183K11/200.43 mi21, Sholebroke Mount, Leeds, West Yorkshire LS7 3HG6
£433K12/200.82 mi47, Gledhow Wood Avenue, Leeds, West Yorkshire LS8 1NX6
£370K01/230.89 mi66, Copgrove Road, Leeds, West Yorkshire LS8 2SP6
£200K04/210.92 mi41, Spencer Place, Leeds, West Yorkshire LS7 4DQ6
£331.2K05/211.07 mi25, Glossop Street, Leeds, West Yorkshire LS6 2LE6
£412K12/221.08 mi24, Clarkson View, Leeds, West Yorkshire LS6 2LB6
£440.5K08/231.11 mi9, Woodbourne Avenue, Leeds, West Yorkshire LS17 5PQ6
£950K07/231.12 mi10, North Park Grove, Leeds, West Yorkshire LS8 1JJ6
£576.5K12/211.13 mi22, Oakwood Drive, Leeds, West Yorkshire LS8 2JB6
£1.0M06/211.17 mi14, Lidgett Park Road, Leeds, West Yorkshire LS8 1JN6
£915K02/241.18 mi16, The Avenue, Roundhay, Leeds, West Yorkshire LS8 1JG6
£1.1M01/211.26 mi7, Lidgett Park Road, Leeds, West Yorkshire LS8 1EE6
£405K02/211.3 mi534, Street Lane, Leeds, West Yorkshire LS17 6EX6
£678.5K07/231.33 mi25, Talbot Rise, Leeds, West Yorkshire LS17 6SD6
£678.5K07/231.33 mi25, Talbot Rise, Leeds, West Yorkshire LS17 6SD6
£185K05/231.33 mi10, Seaforth Place, Leeds, West Yorkshire LS9 6AF6
£555K03/231.33 mi1, Allerton Avenue, Leeds, West Yorkshire LS17 6RE6
£740K11/231.34 mi5, North Park Avenue, Leeds, West Yorkshire LS8 1DN6
£601.8K02/211.38 mi8, Talbot Road, Leeds, West Yorkshire LS8 1AG6
£800K02/211.49 mi73, Shaftesbury Avenue, Leeds, West Yorkshire LS8 1DR6
£635K10/201.6 mi11, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP6
£746.6K08/231.6 mi11, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP6
£607.5K11/201.6 mi3, Ingledew Crescent, Leeds, West Yorkshire LS8 1BP6
£480K06/211.64 mi3, Woodlea Drive, Meanwood, Leeds, West Yorkshire LS6 4SQ6
£650K06/211.68 mi2, Claremont Drive, Leeds, West Yorkshire LS6 4ED6
£1.1M10/221.7 mi1, Park Lane, Roundhay, Leeds, West Yorkshire LS8 2EX6
£565K09/221.74 mi19, St Johns Terrace, Leeds, West Yorkshire LS3 1DY6
£831K10/201.81 mi27, Park Lane, Roundhay, Leeds, West Yorkshire LS8 2EX6
£850K07/231.81 mi9, Grove Lane, Leeds, West Yorkshire LS6 4AB6
£235K08/211.83 mi155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG6
£235K08/211.83 mi155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG6
£790K06/211.89 mi11, Belvedere Avenue, Alwoodley, Leeds, West Yorkshire LS17 8BN6
£625K11/201.89 mi7, West Park Grove, Leeds, West Yorkshire LS8 2HQ6
£225K02/211.89 mi5, Claremont View, Leeds, West Yorkshire LS3 1AU6
£780K03/211.93 mi9, Stoneleigh Close, Moortown, Leeds, West Yorkshire LS17 8FH6
£695K03/211.93 mi16, Stoneleigh Close, Moortown, Leeds, West Yorkshire LS17 8FH6
£360K04/211.96 mi8, Dennistead Crescent, Leeds, West Yorkshire LS6 3PU6
£400K04/211.98 mi70, St Michaels Road, Leeds, West Yorkshire LS6 3BG6

Local Area Statistics

Population in LS7

29,112

Population in Leeds

635,166

Town centre distance

1.87 miles away

Nearest school

0.10 miles away

Nearest train station

2.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £449,950

August 2, 2024

Floor Plans

Description

  • Licensed HMO +
  • 8.6% Gross Yield +
  • Fully Tenanted +
  • Large Garden +
  • Off Street Parking +
  • Separate Annex Apartment +
  • Loft Storage +
  • New Bathroom +

Investors Only. Located in Chapel Allerton this five bedroom, three bathroom semi-detached house with a one bedroom annex apartment.

Fully tenanted as a licensed HMO, this property is currently achieving £42,960 per annum (including bills).

The house includes a large front garden and off-street parking for multiple vehicles. The ground floor consists of a large ensuite bedroom, a brand new communal bathroom, a kitchen with rear access, a utility room and a communal living room. Upstairs are four double bedrooms and a house bathroom.

The annex flat contains a private entrance into an open plan kitchen living room, a double bedroom and a shower room.

Agent Details

Fletcher Properties, Covering Leeds

0113 519 0547

Next Steps?

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