3 Bed Flat, Single Let, Leeds, LS16 6EJ, £160,000

Park Court, Ring Road, Leeds, LS16 6EJ - 5 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 7%

~68 m²

+8 photos

ValuationFair Value

Sold Prices	£100K - £429.9K
Sold Prices/m²	£943/m² - £5.8K/m²

Square Metres	~68.40 m²
Price/m²	£2.3K/m²
Value Estimate	£160,206£160,206

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£46,000£46,000

Cash Out
Rent Range	£950 - £1,799£950 - £1,799
Rent Estimate	£988
Running Costs/mo	£718£718
Cashflow/mo	£270£270
Cashflow/yr	£3,245£3,245
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

23 sold prices from £100K to £429.9K, average is £187.5K. £943/m² to £5.8K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£429.9K	06/24	0.13 mi	The Grange, Flat 4, Otley Road, Leeds, West Yorkshire LS16 6EY	£2,654	162	3	Flat
£240K	09/21	0.13 mi	Flat 2, The Grange, Otley Road, Leeds, West Yorkshire LS16 6EY	-	-	3	Flat
£177K	11/20	0.48 mi	22, Foxhill Court, Leeds, West Yorkshire LS16 5PL	£2,213	80	3	Flat
£175K	08/23	0.51 mi	49, Foxhill Court, Leeds, West Yorkshire LS16 5PN	£2,976	59	3	Flat
£170K	10/21	0.51 mi	46, Foxhill Court, Leeds, West Yorkshire LS16 5PN	£2,313	73	3	Flat
£230K	12/22	0.57 mi	16, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU	£2,371	97	3	Flat
£185K	03/23	0.57 mi	1, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU	£2,534	73	3	Flat
£100K	12/20	0.67 mi	19, Iveson Garth, Leeds, West Yorkshire LS16 6LL	£943	106	3	Flat
£205.6K	02/21	1.1 mi	2, Broadgate Court, Horsforth, Leeds, West Yorkshire LS18 5TF	£2,390	86	3	Flat
£161K	04/21	1.24 mi	3, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ	£2,556	63	3	Flat
£193K	01/21	1.24 mi	58, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ	£3,164	61	3	Flat
£220K	02/23	1.24 mi	10, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG	£2,560	86	3	Flat
£245K	06/23	1.24 mi	9, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG	£3,267	75	3	Flat
£280K	12/20	1.24 mi	14, Rokeby Gardens, Leeds, West Yorkshire LS6 3JZ	£1,761	159	3	Flat
£180K	06/23	1.29 mi	23, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW	£3,750	48	3	Flat
£122K	06/21	1.36 mi	34, Derwentwater Grove, Leeds, West Yorkshire LS6 3EN	£2,259	54	3	Flat
£419.9K	09/21	1.36 mi	35, Woodway, Horsforth, Leeds, West Yorkshire LS18 4HY	£5,753	73	3	Flat
£290K	05/21	1.53 mi	3 Moorbank Court, Shire Oak Road, Leeds, West Yorkshire LS6 2DD	-	-	3	Flat
£115K	07/23	1.57 mi	56, Kirkstall Hill, Leeds, West Yorkshire LS4 2TX	£1,742	66	3	Flat
£187K	09/21	1.63 mi	Flat 13, Grange Court, North Grange Mount, Leeds, West Yorkshire LS6 2BZ	-	-	3	Flat
£187.5K	11/23	1.65 mi	19, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB	£2,435	77	3	Flat
£100K	03/21	1.93 mi	8, Alwoodley Court, Leeds, West Yorkshire LS17 7BB	£1,316	76	3	Flat
£212.5K	03/23	2 mi	41, Barnbrough Street, Leeds, West Yorkshire LS4 2QY	£2,285	93	3	Flat

Local Rents

16 rents from £950/mo to £1.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	04/25	0.16 mi	-	3	Semi-Detached House
£1,350	06/24	0.19 mi	-	3	Semi-Detached House
£1,295	05/24	0.26 mi	Latchmere Gardens, Leeds, West Yorkshire, LS16	3	House
£1,100	05/24	0.38 mi	Parkstone Mount, Leeds, LS16	3	Detached House
£950	05/24	0.42 mi	Iveson Drive, Leeds, West Yorkshire	3	Semi-Detached House
£1,025	11/24	0.46 mi	-	3	Semi-Detached House
£995	05/24	0.51 mi	Foxhill Court, Weetwood	3	Flat
£1,650	05/24	0.54 mi	Carisbrooke Road, Leeds, West Yorkshire, LS16	3	Flat
£1,700	05/24	0.54 mi	Carisbrooke Road, Leeds, West Yorkshire, LS16	3	Flat
£1,400	12/23	0.54 mi	-	3	Terraced House
£1,200	05/24	0.55 mi	Butcher Hill, LEEDS	3	House
£1,525	01/25	0.56 mi	-	3	Flat
£1,500	03/25	0.56 mi	-	3	Flat
£1,200	12/24	0.57 mi	-	3	Flat
£1,799	03/25	0.57 mi	-	3	Flat
£975	07/23	0.62 mi	-	3	Terraced House

Local Area Statistics

Population in LS16	35,19835,198
Population in Leeds	635,166635,166
Town centre distance	3.04 miles away3.04 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.37 miles away1.37 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+38%+38%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £160,000

August 8, 2024

Floor Plans

Description

Premium property Highly recommended +
Close to public transport +
Shops and amenities nearby +
Garden +
Parking +
Excellent transport links +
Garage +

Available with vacant possession, this spacious three bedroom, 1st floor apartment. Situated in LS16, the property benefits from excellent transport links, close proximity to well rated schools and amenties.

The property comprises: entrance hallway with cupboard, living room with space for a dining table, kitchen, three bedrooms and house bathroom.

Outside, the purpose built block of four apartments sits the communal gardens. The property comes with a single garage located to the rear of the block.

Leasehold, 939 years remaining

Agent Details

Right Let Leeds, Headingley

0113 274 9499

Next Steps?

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

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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents