2 Bed Flat, Single Let, Leeds, LS9 8FG, £164,000

208856704 Cross Green Lane, Leeds, LS9 8FG - 2 views - 8 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£205,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,000

Stamp Duty & Legal Fees

£6,120

Total Cash In

£47,120

 

 

Cash Out

 

Rent Range

£895 - £4,750

Rent Estimate

£1,150

Running Costs/mo

£763

Cashflow/mo

£388

Cashflow/yr

£4,650

ROI

10%

Gross Yield

8%

Local Sold Prices

46 sold prices from £80K to £400K, average is £190K. £1.2K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£165K04/210.06 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K09/220.06 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.07 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.07 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£400K05/210.08 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£234.7K01/240.25 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£170K04/210.33 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£170K10/230.34 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£190K01/230.34 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£85K06/210.34 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£255K10/220.35 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.35 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.35 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.35 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.35 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.35 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£178K02/230.38 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.38 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.38 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.38 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£192K01/210.51 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.51 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.51 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£205K08/230.52 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£200K03/210.6 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.6 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.6 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.6 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£190K08/230.61 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.61 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£185K01/230.63 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£129.5K02/240.64 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£255K07/240.68 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.68 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.68 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.68 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£128K01/230.76 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£215K11/220.9 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.9 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.9 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.9 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£100K08/220.96 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.96 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£80K06/230.97 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£93K07/220.97 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/200.97 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2

Local Rents

50 rents from £895/mo to £4.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,99505/240 miEcho Central One Cross Green Lane City Centre2
£1,10005/240 miEcho Central One, Cross Green Lane2
£1,10005/240 miEcho Central One 2
£95005/240 miEcho Central One 2
£2,80003/250 mi-2
£1,30005/240 miEcho Central One2
£99512/240 mi-2
£99503/250 mi-2
£1,09503/250 mi-2
£2,45005/240.01 miFlat 47 Echo Central 1, Cross Green Lane, Leeds2
£1,02505/240.03 miCross Green Lane, Leeds2
£99502/250.03 mi-2
£89505/240.03 miEcho Central, City Centre, Leeds, LS92
£97505/240.03 miEcho Central Two, Cross Green Lane, Leeds, West Yorkshire, UK, LS92
£1,10005/240.03 miEcho Central Two, Cross Green Lane, Leeds, LS92
£2,43805/240.03 miCross Green Lane, Leeds, West Yorkshire, LS92
£2,25003/250.03 mi-2
£3,00005/240.03 mi-2
£4,50012/240.03 mi-2
£1,15005/240.03 miX1 Aire, Cross Green Lane, Leeds2
£2,29502/240.03 mi-2
£2,29505/240.03 mi-2
£2,50012/240.03 mi-2
£1,80003/250.03 mi-2
£99501/240.03 mi-2
£1,10006/240.03 miEcho Central Two, Cross Green Lane2
£1,05005/240.04 miAire, Cross Green Lane, LS92
£1,05005/240.04 miAire, Cross Green Lane, LS92
£1,10005/240.04 miAire, Cross Green Lane, LS92
£1,02505/240.04 miAire, Cross Green Lane, LS92
£1,30006/240.04 miAire, Cross Green Lane, LS92
£1,00006/240.04 miAire, Cross Green Lane, LS92
£3,00005/240.04 mi-2
£2,15005/240.04 mi-2
£4,50012/240.04 mi-2
£4,50012/240.04 mi-2
£2,25001/250.04 mi-2
£2,25003/250.04 mi-2
£97505/240.04 miAire, Cross Green Lane, Leeds, LS92
£1,30005/240.04 miAire, Cross Green Lane, Leeds, LS9 8BJ2
£1,40005/240.05 miAire Lofts, Climate Innovation District2
£1,02505/240.05 miBouverie Court, Leeds, West Yorkshire, LS92
£99505/240.06 miBouverie Court, Cross Green Lane2
£1,05005/240.06 mi-2
£3,00012/240.06 mi-2
£92503/250.06 mi-2
£4,75003/250.06 mi-2
£1,05005/240.06 miBouverie Court, Leeds, West Yorkshire, LS92
£1,05005/240.07 miEcho Central 1, Leeds, LS92
£1,05005/240.07 miEcho Central 1, Leeds, LS92

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £164,000

January 19, 2025

Price changed to £167,000

January 8, 2025

Price changed to £170,000

December 31, 2024

Price changed to £155,000

December 18, 2024

Price changed to £158,000

December 11, 2024

Listed for £161,000

August 22, 2024

Description

  • Buy-to-Let Opportunity +
  • Well Maintained Property +
  • Spacious Rooms +
  • Three Piece Bathroom +
  • Balcony Overseeing Street +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat House located in Leeds. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedroom, balcony overseeing street, and a three-piece bathroom.

It currently produces an annual gross income of £13,800 which could be increased by the new owner to a market rate of £16,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio
For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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