2 Bed Terraced House, Refurb/BRRR, Leeds, LS10 2HR, £125,000

27 TELFORD TERRACE, LEEDS, WEST YORKSHIRE LS10 2HR - 6 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 5%
81 m²
+20 photos

ValuationFair Value

Sold Prices£40K - £187.5K
Sold Prices/m²£500/m² - £3K/m²

 

 

Square Metres

81 m²
Price/m²£1.5K/m²

Value Estimate

£126,250

 

 

End Value (After Refurb)

£149,185

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£32,347

Bridging Loan Interest

£3,281

Total Cash In

£73,578

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£149,185

Mortgage (After Refinance)

£111,888

Mortgage LTV

75%

Cash Released

£18,138

Cash Left In

£55,440

Equity

£37,296

Rent Range

£695 - £2,550

Rent Estimate

£980

Running Costs/mo

£682

Cashflow/mo

£298

Cashflow/yr

£3,574

ROI

5%

Gross Yield

9%

Local Sold Prices

51 sold prices from £40K to £187.5K, average is £125K. £500/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£107K03/210.03 mi7, Telford Street, Leeds, West Yorkshire LS10 2HN2
£131K04/230.11 mi18, Leasowe Close, Leeds, West Yorkshire LS10 2HS2
£155K11/230.15 mi14, Sandon Mount, Leeds, West Yorkshire LS10 2DT2
£155K07/240.16 mi1, Royal Drive, Leeds, West Yorkshire LS10 2RP2
£111K12/200.16 mi35, Royal Grove, Leeds, West Yorkshire LS10 2LE2
£146K04/210.25 mi96, Woodhouse Hill Road, Leeds, West Yorkshire LS10 2EG2
£83K04/210.26 mi7a, Arthington Place, Leeds, West Yorkshire LS10 2LY2
£85K04/210.27 mi23, Arthington View, Leeds, West Yorkshire LS10 2ND2
£123K01/210.29 mi11, Woodville Grove, Leeds, West Yorkshire LS10 3ER2
£82K04/210.29 mi34, Arthington Grove, Leeds, West Yorkshire LS10 2NE2
£105K02/230.31 mi7, Arthington Terrace, Leeds, West Yorkshire LS10 2NF2
£123K12/200.37 mi1, East Grange Square, Leeds, West Yorkshire LS10 3EN2
£167K06/230.41 mi5, Clayton Close, Leeds, West Yorkshire LS10 2HA2
£155K12/220.41 mi7, Parnaby Street, Leeds, West Yorkshire LS10 3BX2
£100K03/210.42 mi10, Parnaby Street, Leeds, West Yorkshire LS10 3BX2
£115K11/200.43 mi63, Old Run Road, Leeds, West Yorkshire LS10 3AZ2
£175K10/230.43 mi6, West Grange Gardens, Leeds, West Yorkshire LS10 3AT2
£122K01/240.43 mi29, Church Street, Hunslet, Leeds, West Yorkshire LS10 2PE2
£122K01/240.43 mi29, Church Street, Hunslet, Leeds, West Yorkshire LS10 2PE2
£125K02/230.44 mi12, Rosedale Walk, Leeds, West Yorkshire LS10 3BE2
£133.5K09/230.44 mi2, Rosedale Walk, Leeds, West Yorkshire LS10 3BE2
£96K08/240.44 mi39, Westbury Street, Leeds, West Yorkshire LS10 3BZ2
£145.5K01/230.45 mi83, Belle Isle Road, Leeds, West Yorkshire LS10 3EG2
£140K09/210.45 mi100, Belle Isle Road, Leeds, West Yorkshire LS10 3AF2
£160K04/240.46 mi11, Westbury Place North, Leeds, West Yorkshire LS10 3DE2
£129.9K10/210.46 mi14, Sussex Green, Leeds, West Yorkshire LS10 2LB2
£140K03/230.47 mi46, Winrose Avenue, Leeds, West Yorkshire LS10 3AL2
£130K11/220.48 mi57, Westbury Place South, Leeds, West Yorkshire LS10 3DA2
£110K09/230.48 mi96, Westbury Place South, Leeds, West Yorkshire LS10 3DA2
£135K10/230.48 mi27, Longroyd Terrace, Leeds, West Yorkshire LS11 5HJ2
£125K09/230.49 mi67, East Grange Rise, Leeds, West Yorkshire LS10 3EE2
£167K02/230.49 mi19, West Grange Road, Leeds, West Yorkshire LS10 3AP2
£110K02/240.49 mi44, Longroyd Grove, Leeds, West Yorkshire LS11 5HQ2
£107.8K09/210.51 mi43, Longroyd Grove, Leeds, West Yorkshire LS11 5HF2
£134.5K01/230.51 mi50, Longroyd Place, Leeds, West Yorkshire LS11 5HE2
£105.5K06/210.51 mi3, West Grange Green, Leeds, West Yorkshire LS10 3BB2
£161K03/230.53 mi26, West Grange Road, Leeds, West Yorkshire LS10 3AW2
£187.5K08/230.53 mi14, West Grange Road, Leeds, West Yorkshire LS10 3AW2
£92K11/210.53 mi46, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£110K10/230.53 mi10, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£85K04/210.53 mi32, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£170K03/230.54 mi33, Gardeners Court, Leeds, West Yorkshire LS10 1ED2
£162.5K07/230.54 mi10, Gardeners Court, Leeds, West Yorkshire LS10 1ED2
£105K02/210.54 mi47, Longroyd View, Leeds, West Yorkshire LS11 5ET2
£85K10/210.58 mi63, Garnet Terrace, Leeds, West Yorkshire LS11 5JX2
£97K04/240.58 mi25, Longroyd Crescent, Leeds, West Yorkshire LS11 5ES2
£40K07/210.58 mi37, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£87K01/210.58 mi32, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£128K01/230.58 mi5, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£172K07/230.58 mi4, Joseph Street, Leeds, West Yorkshire LS10 2AD2
£172.5K09/230.59 mi2, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SX2

Local Rents

43 rents from £695/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89505/240.12 miLeasowe Close, Leeds, West Yorkshire2
£89505/240.12 miBelle Isle Road, Belle Isle, Leeds, West Yorkshire, LS102
£2,55005/240.18 mi-2
£2,10005/240.18 mi-2
£2,10002/250.18 mi-2
£85012/240.26 mi-2
£85012/240.26 miArthington View, Leeds, LS102
£95002/250.27 mi-2
£90005/240.35 mi-2
£85005/240.35 mi-2
£85002/250.35 mi-2
£85005/240.36 mi-2
£69502/240.36 mi-2
£69502/240.36 mi-2
£1,20011/240.38 mi-2
£89512/240.43 mi-2
£69510/240.46 mi-2
£69510/240.46 mi-2
£85004/240.47 mi-2
£79505/240.5 miLongroyd Grove, Leeds, West Yorkshire, LS112
£85005/240.5 mi-2
£75012/240.5 mi-2
£75002/240.51 mi-2
£79502/240.54 mi-2
£82505/240.54 miPenny Lane Way, Hunslet, Leeds2
£85005/240.54 miLongroyd Avenue, Leeds, West Yorkshire, LS112
£87503/250.55 mi-2
£85001/250.55 mi-2
£82501/250.55 mi-2
£90012/240.56 mi-2
£77505/240.56 miGabriel Court, Leeds, West Yorkshire, LS102
£75012/240.57 mi-2
£85004/250.59 mi-2
£85005/240.59 miGrange Road, Hunslet, Leeds2
£79505/240.6 mi-2
£82505/240.6 mi-2
£92505/240.6 mi-2
£1,09504/250.6 mi-2
£87505/240.61 mi-2
£87505/240.61 miGrange Road, Hunslet, Leeds, LS102
£99503/250.61 mi-2
£1,10001/250.61 mi-2
£1,00001/250.62 mi-2

Local Area Statistics

Population in LS10

35,593

Population in Leeds

635,166

Town centre distance

2.20 miles away

Nearest school

0.10 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £125,000

August 15, 2024

Floor Plans

Description

  • Please See Virtual Tour +
  • FANTASTIC FAMILY HOME +
  • Ideal for First Time Buyers or Investors +
  • 2 Double Bedrooms +
  • Ideal Modernisation Project +
  • Nearby access to Commuter links +
  • Close to local amenities +
  • Great Local Primary and Secondary Schools +
  • No Onward Chain +

CALLING FIRST-TIME BUYERS, FAMILIES AND INVESTORS! TAKE A LOOK AT THIS DECEPTIVELY SPACIOUS 2-BEDROOM END TERRACE FAMILY HOME LOCATED IN HUNSLET! BOASTING 2 DOUBLE BEDROOMS, A GENEROUS THROUGH LOUNGE AND A WELL-PROPORTIONED KITCHEN ALL AT THE END OF A CUL-DE-SAC!

Located in Hunslet, this home is ideally located for families and commuters, with easy access to local amenities including the Hunslet Penny Hill Centre and Morrisons, with bus routes into Leeds city centre and nearby access to the M62, and M1.

The ground floor comprises a spacious entrance hall with plenty of space for coats and shoes, with doors into the lounge and kitchen with an ascending staircase to the first floor. The lounge is spacious spanning from the front through to the rear of the home with large front and rear aspect windows and enough space to comfortably accommodate associated lounge furniture along with a large dining table and chairs. A door to the side leads into the kitchen with a rear aspect window and a door into the back garden, the kitchen is fitted with a range of base and wall units with complimenting countertops. A door to the rear leads back to the hallway.

Moving upstairs the landing has storage and loft access via a ceiling hatch, with doors leading to two bedrooms and the house bathroom. Bedroom one is a generously proportioned double offering plenty of floor space for suitable bedroom furniture with a built-in storage cupboard to the rear and a large front aspect window overlooking the front garden. Bedroom two is again a good-sized double with a large rear aspect window overlooking the back garden. The house bathroom comprises a bath with shower over, hand basin and WC with low-level flush with twin rear aspect windows.

Externally to the front of the home is an open garden mainly laid to lawn with a path leading to the front door. To the rear is. a fully enclosed garden mainly laid to lawn with a patio area and outbuilding suitable for storage. Parking can be found on-street to the front and rear of the terrace.

For a full walkthrough please see the Virtual Tour.

For the property's layout please see the floor plans.

Call to arrange your viewing today!

Council Tax Band: A
Tenure: Freehold

Agent Details

DPSH, Morley

0113 519 4659

Next Steps?

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