2 Bed Flat, Single Let, Leeds, LS12 1DJ, £185,000

Westray, Leeds City Centre, LS12 1DJ - 8 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£83K - £300K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£203,809
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£752 - £2,650

Rent Estimate

£995

Running Costs/mo

£797

Cashflow/mo

£198

Cashflow/yr

£2,375

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £83K to £300K, average is £190K. £1.5K/m² to £3.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£270K02/210 miFlat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£194.5K03/230 miFlat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£280K05/210 miFlat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£176K06/210.02 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.02 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.02 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£190K02/230.03 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£171K12/230.03 miBonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£235K10/220.03 miFlat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£175K04/210.03 miFlat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.03 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169.9K02/210.03 miFlat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£170K12/220.03 miFlat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£225K01/230.03 miFlat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£185.5K04/210.03 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£177.5K04/230.03 miFlat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£172K04/210.03 miFlat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169K12/210.03 miFlat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£188K11/220.03 miFlat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£140K04/230.03 miFlat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£172.5K06/210.03 miFlat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£242K07/230.03 miFlat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£300K09/230.04 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.04 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.04 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.04 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.04 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.04 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£220K11/220.05 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£165K03/230.08 miFlat 44, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£270K02/230.08 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£210K08/220.41 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.41 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.41 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.41 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.41 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.41 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£204K02/230.47 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£145K07/230.47 mi9, Kendal Walk, Leeds, West Yorkshire LS3 1NP2
£262.5K01/230.58 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.58 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.58 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£215K11/220.59 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£125K10/200.72 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£125K10/200.72 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£255K07/240.81 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.81 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.81 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.81 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£83K11/200.84 mi10, Masham Grove, Leeds, West Yorkshire LS12 1QT2

Local Rents

50 rents from £752/mo to £2.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10005/240 mi16 Westray2
£99505/240 miWestray, Gotts Road, Leeds2
£99506/240.02 miElba, Gotts Road, Leeds, West Yorkshire, LS122
£1,17506/240.02 miGotts Road, Leeds, West Yorkshire, UK, LS122
£1,29505/240.02 miCatalina City Island Gotts Road Leeds LS122
£1,40005/240.02 miCatalina, City Island, City Centre2
£1,25005/240.02 miSantorini, Gotts Road, Leeds, West Yorkshire, LS122
£1,20005/240.02 miFaroe, Gotts Road, Leeds, West Yorkshire, LS122
£1,15005/240.02 miFaroe, Gotts Road, Leeds, West Yorkshire, LS122
£1,20005/240.03 miBonaire Gotts Road City Island2
£1,09505/240.03 miBonaire, Gotts Road, Leeds2
£2,55005/240.03 miGotts Road, Leeds, West Yorkshire, LS122
£1,15005/240.03 miSantorini, City Island, Gotts Road, Leeds LS122
£1,15006/240.03 miSantorini, City Island, Leeds City Centre2
£1,10005/240.03 miBeringa, City Island Leeds2
£75206/240.03 miAPARTMENT 32 Beringa,Gotts Road2
£1,20005/240.03 miGotts Road, LEEDS2
£2,60002/240.03 mi-2
£1,22505/240.03 mi-2
£2,60005/240.03 mi-2
£2,65012/240.03 mi-2
£2,44903/250.03 mi-2
£1,05004/250.04 mi-2
£2,43805/240.04 miGotts Road, Leeds, West Yorkshire, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,20505/240.04 miWaterside Apartments, Leeds, LS122
£1,20505/240.04 miWaterside Apartments, Leeds, LS122
£1,20505/240.04 miWaterside Apartments, Leeds, LS122
£1,20505/240.04 miWaterside Apartments, Leeds, LS122
£1,20505/240.04 miWaterside Apartments, Leeds, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,25505/240.04 miWaterside Apartments, Leeds, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,25505/240.04 miWaterside Apartments, Leeds, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,24506/240.04 miWaterside Apartments, Leeds, LS122
£1,30506/240.04 miWaterside Apartments, Leeds, LS122
£1,24506/240.04 miWaterside Apartments, Leeds, LS122
£1,30506/240.04 miWaterside Apartments, Leeds, LS122
£1,24506/240.04 miWaterside Apartments, Leeds, LS122
£1,30506/240.04 miWaterside Apartments, Leeds, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,30505/240.04 miWaterside Apartments, Leeds, LS122
£1,28005/240.05 miGotts Road, Leeds, West Yorkshire, LS122
£1,30506/240.05 miGotts Road, Leeds, West Yorkshire, LS122
£1,15005/240.05 miElba, Gotts Road, Leeds, West Yorkshire, LS122
£92005/240.06 mi25 Catalina2
£1,28005/240.06 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.06 miMontague, Gotts Road, Leeds, LS122
£1,33005/240.06 miMontague, Gotts Road, Leeds City Centre, LS122

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

0.51 miles away

Nearest school

0.40 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £185,000

March 16, 2025

Listed for £170,000

August 27, 2024

Description

  • Ready made investment +
  • Under let so good growth +
  • let @ £1,100 until August 2025 +
  • Market value circa £200,000 +
  • 2 bedrooms +
  • Parking +
  • Balcony with views over the Canal +

REDUCED TO SELL READY MADE INVESTMENT, GOOD CAPITAL AND RENT GROWTH POTENTIAL, 5TH FLOOR, TWO BEDROOM APARTMENT, BALCONY WITH VIEWS OVER THE CANAL, PARKING.

City Island is a very popular development of 404 apartments built by Mayfair Developments in 2003. Accessed from the City via Wellington Street or Whitehall Road and via the Canal. On site concierge and attractive Piazza with water features.

Nearby to the City Centre and accessible to the new and exciting Wellington Plaza and train station.

Leasehold and property information given by owner.
Lease: 999 year lease from 2003.
Ground rent: £200
Service charge £1175.83 per half year
Council Tax Band D

Founded by Nigel Lenton, who heads the team bringing 42 years of experience in sales and lettings and an unrivaled reputation in the City to match, gives assurance you are in trustworthy and capable hands. At The Agency, you can count on receiving honest, reliable, and expert advice during your property journey whether you are a seasoned investor or buying your first home. Our team's extensive expertise backed up by extremely high standards of client care means every property and interaction counts ensuring a seamless experience for everyone whether buying, selling or letting with The Agency.

Agent Details

The Estate Agency Leeds, Leeds

0113 519 0549

Next Steps?

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