Potential 4-Bed HMO, Leeds, LS4 2NF £200,000

21 OTLEY ROAD, HEADINGLEY, LEEDS, LS6 3AA - 3 views - a year ago
Sold STC
HMO
Inside Article 4
ROI: 12%
~95 m²
Property image

ValuationUndervalued

Sold Prices£164K - £453K
Sold Prices/m²£1.7K/m² - £4.8K/m²

 

 

Square Metres

~95 m²
Price/m²£2.1K/m²

Value Estimate

£246,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Room Rate

£529

Gross Rent

£2,116

Running Costs/mo

£1,513

Cashflow/mo

£603

Cashflow/yr

£7,236

ROI

12%

Gross Yield

13%

Local Sold Prices

50 sold prices from £164K to £453K, average is £237.5K. £1.7K/m² to £4.8K/m², average is £2.6K/m².

Price
Date
Distance
Address
Beds
 
£212.5K07/250.03 mi40, Beechwood Crescent, Burley, Leeds LS4 2LL3
£362.6K03/230.05 mi62, Newport View, Leeds, West Yorkshire LS6 3BX3
£179K11/240.07 mi16, Beechwood Mount, Burley, Leeds LS4 2NQ3
£202.5K04/250.07 mi13, Beechwood Mount, Burley, Leeds LS4 2NQ3
£202.5K04/250.07 mi13, Beechwood Mount, Burley, Leeds LS4 2NQ3
£216.5K09/230.08 mi2, Trenic Drive, Leeds, West Yorkshire LS6 3DJ3
£255K11/210.08 mi16, Trenic Drive, Leeds, West Yorkshire LS6 3DJ3
£264K04/230.09 mi11, Newport Crescent, Leeds, West Yorkshire LS6 3BY3
£175K09/210.09 mi8, Lumley Terrace, Leeds, West Yorkshire LS4 2NW3
£210K10/240.1 mi4, Beechwood Row, Leeds, West Yorkshire LS4 2LY3
£269K12/240.11 mi10, Trenic Crescent, Headingley, Leeds LS6 3DL3
£179K11/240.12 mi16, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£211K07/240.12 mi8, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£200.1K08/230.12 mi45, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£336.9K03/250.12 mi25, Broomfield Road, Headingley, Leeds LS6 3DE3
£336.9K03/250.12 mi25, Broomfield Road, Headingley, Leeds LS6 3DE3
£268.5K06/210.12 mi17, Broomfield Road, Leeds, West Yorkshire LS6 3DE3
£241K07/210.12 mi11, Broomfield Road, Leeds, West Yorkshire LS6 3DE3
£240K09/240.12 mi71, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG3
£250K02/250.12 mi35, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG3
£218K03/240.12 mi52, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG3
£366K09/240.15 mi42, Chapel Lane, Headingley, Leeds LS6 3BW3
£164K04/240.17 mi14, Stanmore Hill, Leeds, West Yorkshire LS4 2PW3
£257K10/220.17 mi5, Knowle Avenue, Leeds, West Yorkshire LS4 2PQ3
£222K05/250.18 mi11, Knowle Mount, Burley, Leeds LS4 2PP3
£222K05/250.18 mi11, Knowle Mount, Burley, Leeds LS4 2PP3
£350K03/250.18 mi12, Broomfield Crescent, Headingley, Leeds LS6 3DD3
£278K01/240.19 mi27, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£287.5K10/240.19 mi41, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£265K03/220.19 mi5, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£210K12/230.19 mi3, Knowle Avenue, Leeds, West Yorkshire LS4 2PQ3
£290K08/220.19 mi5, St Annes Drive, Leeds, West Yorkshire LS4 2SA3
£216K02/240.2 mi13, Talbot Avenue, Leeds, West Yorkshire LS4 2PG3
£216K02/240.21 mi13, Talbot Avenue, Burley, Leeds LS4 2PG3
£216K02/240.21 mi13, Talbot Avenue, Burley, Leeds LS4 2PG3
£235K04/250.21 mi19, Stanmore Grove, Burley, Leeds LS4 2RJ3
£235K04/250.21 mi19, Stanmore Grove, Burley, Leeds LS4 2RJ3
£287.5K10/240.22 mi41, Stanmore Crescent, Burley, Leeds LS4 2RY3
£250K05/230.23 mi14, Village Place, Leeds, West Yorkshire LS4 2NT3
£240K03/240.23 mi12, Knowle Road, Leeds, West Yorkshire LS4 2PJ3
£330K10/220.23 mi45, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£350K10/240.24 mi75, Stanmore Crescent, Leeds, West Yorkshire LS4 2SB3
£350K10/240.24 mi75, Stanmore Crescent, Burley, Leeds LS4 2SB3
£235K11/240.24 mi12, Park View Avenue, Leeds, West Yorkshire LS4 2LH3
£211K11/210.24 mi31, Park View Avenue, Leeds, West Yorkshire LS4 2LH3
£190K12/230.25 mi8, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£182K03/230.25 mi31, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£250K03/230.25 mi18, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£453K12/220.25 mi22, The Turnways, Leeds, West Yorkshire LS6 3DU3
£167.8K10/220.25 mi10, St Anns Mount, Leeds, West Yorkshire LS4 2PH3

Local Area Statistics

Population in LS4

9,003

Population in Leeds

635,166

Town centre distance

1.36 miles away

Nearest school

0.30 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+26%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £200,000

September 1, 2024

Floor Plans

Property image

Description

  • Spacious back to back +
  • Two/three bedrooms, two bath/shower rooms +
  • Very convenient cul-de-sac location +
  • No chain, ideal first home or investment +
  • Close to train station & Headingley +
  • Lots of potential to improve +
  • EPC Rating - D +

A SPACIOUS TWO/THREE BEDROOMED MID TERRACE BACK TO BACK, SITUATED IN THIS VERY CONVENIENT CUL-DE-SAC LOCATION, A FEW MINUTES WALK TO BURLEY PARK TRAIN STATION, LOCAL SHOPS, THE CRICKET & RUGBY GROUNDS AND THE EXTENSIVE AMENITIES IN HEADINGLEY WITH LEEDS CITY CENTRE AND THE UNIVERSITIES ALSO IN EASY REACH.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.The property is offered with no chain and immediate vacant possession, therefore ideal for either private occupation or investment offering buyers the chance to possibly upgrade to their own tastes and standards.

The accommodation briefly comprises an open plan lounge and kitchen to the ground floor, a lower ground floor room and en-suite shower room w/c, ideal as a further reception room, bedroom, gym or office; upstairs there is a double bedroom and a large bathroom w/c and a further double bedroom on the top floor with a large dormer window. Externally there is an enclosed paved front garden and ample on street parking.

Point to note - The property does not have documented C4 HMO related letting history.

Tenure: Freehold

Possession: Vacant

AML: Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.

Agent Details

Castlehill, Headingley

0113 519 7781

Next Steps?

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