2 Bed Flat, Refurb/BRRR, Leeds, LS7 4HD, £120,000

Harehills Lane, Leeds, LS7 4HD - 5 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£77K - £375K
Sold Prices/m²£1.5K/m² - £8.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£215,087

Uplift in Value

+79%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£26,951

Bridging Loan Interest

£3,150

Total Cash In

£66,651

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£215,087

Agent Fees (1%)

£2,151

Bridging Loan

£90,000

Bridging Loan Interest

£3,150

Flip Profit

£56,285

Local Sold Prices

50 sold prices from £77K to £375K, average is £165.3K. £1.5K/m² to £8.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£200K12/200.05 mi20, Teale Court, Leeds, West Yorkshire LS7 4AY2
£210K02/230.09 mi6, Teale Drive, Leeds, West Yorkshire LS7 4SW2
£190.1K03/210.11 mi50, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£205K03/230.11 mi32, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£195K01/210.11 mi34, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£188K09/210.11 mi59, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£190K03/210.11 mi1, Oldfield Court, Leeds, West Yorkshire LS7 4SZ2
£140.3K03/230.16 mi53, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£130.5K09/210.16 mi30, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£125K12/200.16 mi12, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£107.5K10/230.16 mi37, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£138.5K04/240.16 mi13, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£115.5K04/210.16 mi19, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£140K09/210.16 mi38, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£180K06/230.28 mi12, Garmont Road, Leeds, West Yorkshire LS7 3LY2
£135K03/230.31 mi8, Mount Pleasant Gardens, Leeds, West Yorkshire LS8 4EH2
£321K01/230.32 miFlat 1, Eltonhurst, St Marys Road, Leeds, West Yorkshire LS7 3JX2
£132.5K11/230.45 mi12, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£130K08/230.45 mi20, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£129K02/210.45 mi2, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£171K10/230.47 mi20, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN2
£137.9K01/210.47 mi9, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN2
£210K05/230.5 miFlat 3, Ivy Court, Church Lane, Chapel Allerton, Leeds, West Yorkshire LS7 4LY2
£190K09/220.51 miFlat 6, The Coach House Chapel Allerton Hall, King George Avenue, Chapel Allerton, Leeds, West Yorkshire LS7 4NP2
£140K09/210.52 mi46, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£150.5K02/210.52 mi10, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£155K12/200.52 mi6, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£153K03/230.52 mi66, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£165.5K04/210.52 mi2, Woodland Court, Leeds, West Yorkshire LS8 4DE2
£170.1K02/210.52 mi6, Woodland Court, Leeds, West Yorkshire LS8 4DE2
£105K03/210.56 miFlat 6, Well House Court, Well House Road, Leeds, West Yorkshire LS8 4BS2
£205K01/240.57 mi14, Lime Grove, Leeds, West Yorkshire LS7 3PZ2
£255K09/220.57 mi12, Lime Grove, Leeds, West Yorkshire LS7 3PZ2
£97.5K07/230.6 mi31, Potternewton Heights, Leeds, West Yorkshire LS7 3DD2
£77K04/210.64 mi25, Potternewton Court, Leeds, West Yorkshire LS7 3RW2
£100K08/210.64 mi4, King Edwins Court, Leeds, West Yorkshire LS8 4DA2
£375K06/230.65 miFlat 10, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£300K11/200.65 miFlat 9, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£250K01/240.65 miFlat 17, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£125K10/200.71 mi39, Lincombe Rise, Leeds, West Yorkshire LS8 1QH2
£235K03/210.78 miApartment 9, The Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire LS7 3NZ2
£270K05/230.78 miApartment 17, The Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire LS7 3NZ2
£217K01/230.79 miFlat C, 81, Harrogate Road, Leeds, West Yorkshire LS7 3QE2
£165K12/220.79 miFlat B, 81, Harrogate Road, Leeds, West Yorkshire LS7 3QE2
£235K06/210.85 mi15, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£182.5K04/240.85 mi4, First Floor Flat, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£174K03/210.85 miFirst Floor Flat, 4, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£135K10/200.86 mi7, Borrough View, Leeds, West Yorkshire LS8 1LS2
£115K01/230.88 mi4, Conway Mount, Leeds, West Yorkshire LS8 5HZ2
£140K12/200.91 mi72, West Hill Avenue, Leeds, West Yorkshire LS7 3RS2

Local Rents

50 rents from £695/mo to £1.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£90004/250.01 miChestnut Court, Harehills Lane, Leeds2
£1,10005/240.02 miMansion View, Chapel Allerton, LS72
£1,07504/250.02 mi-2
£1,12505/240.09 miHarehills Lane, Leeds, West Yorkshire, LS72
£1,25005/240.1 miRoxholme Grove, Chapel Allerton, Leeds, LS72
£1,15006/240.11 miCharnley Drive, Chapel Allerton, Leeds, LS72
£1,05002/250.11 mi-2
£1,10006/240.12 miCharnley Drive, Leeds2
£95004/250.13 mi-2
£1,10006/240.16 miNewton Road, Leeds, West Yorkshire, LS72
£85005/240.16 mi-2
£85005/240.16 miNewton Park Court, Leeds, LS72
£85003/250.16 mi-2
£85005/240.17 mi-2
£85002/240.17 mi-2
£85005/240.2 miNewton Park Court, Leeds, West Yorkshire, UK, LS72
£1,35005/240.2 miHollybank Apartments, Chapel Allerton, Leeds2
£95005/240.21 miNewton Hill Court, Chapeltown Road, Chapel Allerton, Leeds, LS72
£1,35005/240.21 miChapeltown Road, Leeds, West Yorkshire, LS72
£85001/250.28 mi-2
£85005/240.28 miGarmont Road, Chapel Allerton, Leeds, LS72
£1,39012/240.28 mi-2
£95005/240.31 miV2 Mansions, Chapeltown Road2
£98005/240.31 miV2 Mansions , Chapeltown Road2
£1,00005/240.31 miChapeltown Road, LEEDS2
£1,49505/240.33 miGarmont Court, Garmont Road, Chapel Allerton2
£1,25005/240.35 miHarehills Lane, LEEDS2
£77505/240.37 miRoundhay Place, Leeds, West Yorkshire, UK, LS82
£92505/240.37 mi-2
£97502/250.4 mi-2
£90005/240.42 miHares Terrace, Leeds, West Yorkshire, LS82
£99502/250.45 mi-2
£1,20003/250.46 mi-2
£1,10005/240.47 miMethley Terrace, Chapel Allerton, Leeds, LS72
£82503/240.47 miGledhow Wood Close, Leeds, West Yorkshire, LS82
£79506/240.48 miMarkham Avenue, Leeds, LS82
£1,10003/250.49 mi-2
£85005/240.5 miGledhow Wood Close, Roundhay, Leeds2
£1,20005/240.51 miChapel Allerton Hall, King George Avenue, Leeds, LS7 4NP2
£1,15011/240.52 mi-2
£85003/240.52 miHarehills Lane, Leeds, West Yorkshire, LS82
£80006/240.52 miHarehills Avenue, Leeds, LS82
£1,10004/250.56 mi-2
£69505/240.56 miWell House Court, Well House Road, Leeds, LS82
£1,20005/240.56 miScott Hall Grove, Leeds2
£1,15004/250.56 mi-2
£90002/250.57 mi-2
£1,29505/240.57 miHarrogate Road, Chapel Allerton, Leeds, LS72
£1,00005/240.57 miGledhow Lane, Leeds, LS82
£1,00005/240.57 mi-2

Local Area Statistics

Population in LS7

29,112

Population in Leeds

635,166

Town centre distance

1.84 miles away

Nearest school

0.10 miles away

Nearest train station

2.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £120,000

September 6, 2024

Description

  • Upper Floor Flat +
  • Two Bedrooms +
  • Great Location +
  • Travel Links +
  • Amenities +
  • No Onward Chain +
  • In Need Of Updating +

SUMMARY
We have received an offer of £130,000
Any increased offers are to be received within 5 days of this
publication at the above agents. 03.12.2024

DESCRIPTION
This upper floor flat offers accommodation which will suit a range of purchasers from those looking for an investment or to get them onto the property ladder, equally it may appeal to those looking for a downsize due to the range of amenities close by. The accommodation briefly comprises communal entrance leading to a sitting room, kitchen, two bedrooms and bathroom. Externally there are communal grounds and parking is available. The flat is ready to move into but could do with a degree of cosmetic updating. There is easy access to travel links and amenities and the flat is being offered with no onward chain.

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Communal Entrance 
With access to the apartments.

Lounge 
Spacious and with carpet flooring.

Kitchen 
Fitted with a range of wall and base units with worktops incorporating a sink, drainer and electric hob, integrated electric oven and spaces for further appliances.

Bedroom One 
With fitted wardrobes and carpet flooring

Bedroom Two 
With carpet flooring

Bathroom 
Fitted with a bath with shower over, wc and wash hand basin

Outside 
The property is set within communal grounds and parking is available.

Lease Details 
Lease Length: 980 Years
Service Charge: £1300 pa
Ground Rent: £200 pa

Agents Notes 
We can confirm the boundary is;
- located on the coalfield
- not within the Cheshire Brine Compensation District

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Moortown

0113 519 0657

Next Steps?

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