2 Bed Flat, Refurb/BRRR, Leeds, LS18 5RN, £160,000

Southway, Horsforth, Leeds, LS18 5RN - 2 views - 7 months ago

Sold STC
Leasehold
Auction
Cash
Refurb/BRRR
~68 m²
+19 photos

ValuationUndervalued

Sold Prices£92K - £302K
Sold Prices/m²£1.3K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£239,218

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£26,979

Bridging Loan Interest

£4,200

Total Cash In

£82,129

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£239,218

Agent Fees (1%)

£2,392

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£34,696

Local Sold Prices

50 sold prices from £92K to £302K, average is £159.4K. £1.3K/m² to £4.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£237.5K04/210.04 mi19, Southway, Horsforth, Leeds, West Yorkshire LS18 5RN2
£252K08/210.06 mi24, Southway, Horsforth, Leeds, West Yorkshire LS18 5RP2
£175K07/210.44 mi22, St Gabriels Court, Horsforth, Leeds, West Yorkshire LS18 5WN2
£157K05/210.44 mi14, St Gabriels Court, Horsforth, Leeds, West Yorkshire LS18 5WN2
£158.9K04/210.44 mi12, St Gabriels Court, Horsforth, Leeds, West Yorkshire LS18 5WN2
£220K02/240.44 mi22, St Gabriels Court, Horsforth, Leeds, West Yorkshire LS18 5WN2
£302K01/210.56 mi7, Greenbanks Drive, Horsforth, Leeds, West Yorkshire LS18 5BH2
£170K07/230.75 mi157, Town Street, Horsforth, Leeds, West Yorkshire LS18 5BL2
£150K02/240.75 mi163, Town Street, Horsforth, Leeds, West Yorkshire LS18 5BL2
£138K06/210.77 mi148, Town Street, Horsforth, Leeds, West Yorkshire LS18 4AQ2
£210K07/220.78 mi5, Troy Road, Horsforth, Leeds, West Yorkshire LS18 5NQ2
£182K11/200.84 mi9, Kerry Court, Horsforth, Leeds, West Yorkshire LS18 4TQ2
£160K04/210.84 mi1, Kerry Court, Horsforth, Leeds, West Yorkshire LS18 4TQ2
£185K09/230.84 mi2, Kerry Court, Horsforth, Leeds, West Yorkshire LS18 4TQ2
£160K11/200.84 mi3, Kerry Garth, Horsforth, Leeds, West Yorkshire LS18 4TL2
£154K02/210.84 mi1, Kerry Garth, Horsforth, Leeds, West Yorkshire LS18 4TL2
£142.5K05/240.88 mi17, Carr Bridge Drive, Leeds, West Yorkshire LS16 7BS2
£118K01/210.97 mi157, Low Lane, Horsforth, Leeds, West Yorkshire LS18 5PX2
£181.5K07/221.01 mi22, Manor Fold, Horsforth, Leeds, West Yorkshire LS18 4DG2
£182.5K06/211.01 mi5, Manor Fold, Horsforth, Leeds, West Yorkshire LS18 4DG2
£195K02/211.01 mi16, Manor Fold, Horsforth, Leeds, West Yorkshire LS18 4DG2
£195K10/221.01 mi6, Manor Fold, Horsforth, Leeds, West Yorkshire LS18 4DG2
£150K10/221.07 mi2, Lakeside Chase, Rawdon, Leeds, West Yorkshire LS19 6RL2
£145K02/231.07 mi8, Lakeside Chase, Rawdon, Leeds, West Yorkshire LS19 6RL2
£169K08/221.09 mi4, Lakeside Chase, Rawdon, Leeds, West Yorkshire LS19 6RL2
£125K04/211.15 mi26, Woodnook Drive, Leeds, West Yorkshire LS16 6DZ2
£162K08/231.21 mi21, Kirkwood Avenue, Leeds, West Yorkshire LS16 7JT2
£150K11/201.22 miFlat 16, Fairburn House, Regent Crescent, Horsforth, Leeds, West Yorkshire LS18 4TT2
£127K04/211.22 miFlat 27, Fairburn House, Regent Crescent, Horsforth, Leeds, West Yorkshire LS18 4TT2
£150K11/221.22 miFlat 15, Fairburn House, Regent Crescent, Horsforth, Leeds, West Yorkshire LS18 4TT2
£100K10/201.24 mi94, Tinshill Lane, Leeds, West Yorkshire LS16 7BE2
£132.5K11/201.26 mi89a, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HD2
£130K07/231.26 mi89, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HD2
£153K04/231.31 miFlat 4, Moorfield Court, Moorfield Drive, Yeadon, Leeds, West Yorkshire LS19 6AJ2
£117K10/221.34 mi12, Tinshill Mount, Leeds, West Yorkshire LS16 7AX2
£92K04/211.34 mi34, Tinshill Mount, Leeds, West Yorkshire LS16 7AX2
£147K03/231.39 mi16, Peacock Court, Yeadon, Leeds, West Yorkshire LS19 7WG2
£140K02/231.39 mi15, Peacock Court, Yeadon, Leeds, West Yorkshire LS19 7WG2
£185.8K02/241.44 mi14, Newlay Wood Rise, Horsforth, Leeds, West Yorkshire LS18 4LY2
£213K12/231.44 mi21, Newlay Wood Rise, Horsforth, Leeds, West Yorkshire LS18 4LY2
£205K10/231.44 mi22, Newlay Wood Rise, Horsforth, Leeds, West Yorkshire LS18 4LY2
£159.9K09/211.45 mi18, Newlay Grove, Horsforth, Leeds, West Yorkshire LS18 4LH2
£125K03/231.52 mi17, Bolton Grange, Yeadon, Leeds, West Yorkshire LS19 7FR2
£125K10/221.52 mi27, Bolton Grange, Yeadon, Leeds, West Yorkshire LS19 7FR2
£129.9K10/231.52 mi25, Bolton Grange, Yeadon, Leeds, West Yorkshire LS19 7FR2
£160K03/231.52 miFlat 3, Bolton Manor, Bolton Grange, Yeadon, Leeds, West Yorkshire LS19 7FR2
£160K03/231.52 mi3 Bolton Manor, Bolton Grange, Yeadon, Leeds, West Yorkshire LS19 7FR2
£175K05/221.54 mi3, Brodwell Grange, Leeds, West Yorkshire LS18 4AU2
£205K11/211.54 mi22, Brodwell Grange, Leeds, West Yorkshire LS18 4AU2
£155.5K09/211.54 mi17, Brodwell Grange, Leeds, West Yorkshire LS18 4AU2

Local Rents

51 rents from £775/mo to £1.4K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£92005/240.36 mi-2
£92012/240.36 miWest Hill Grange, Horsforth, Leeds, LS182
£94502/250.36 mi-2
£90012/240.68 miLong Row, Horsforth, Leeds, West Yorkshire, LS182
£1,29505/240.73 miLister Hill, LS182
£1,25003/240.73 miLister Hill, LS182
£82503/240.77 mi-2
£79503/240.77 mi-2
£82512/240.77 miTown Street, Horsforth, Leeds, West Yorkshire, LS182
£90005/240.77 miTown Street, Horsforth, Leeds, West Yorkshire, LS182
£1,20012/240.77 miLister Hill, LS182
£99501/250.79 mi-2
£1,09512/240.79 miApartment 9, Troy Mills, West Yorkshire, LS182
£85005/240.8 miTown Street, Horsforth, Leeds, LS182
£1,00012/240.81 miTown Square, Kerry Garth, Horsforth, Leeds, LS182
£95012/240.81 miTown Square, Kerry Garth, Horsforth, Leeds, LS182
£1,10012/240.81 miTown Square, Kerry Garth, Leeds, West Yorkshire, LS182
£82505/240.82 miKerry Street, Leeds, West Yorkshire, LS182
£90005/240.82 miThe Square, Horsforth, Leeds, West Yorkshire, LS182
£80003/240.84 mi-2
£80005/240.84 miTown Street, Horsforth, Leeds, LS182
£97512/230.85 mi-2
£97501/250.86 mi-2
£80005/240.87 miWoodleigh Hall Mews, Knott Lane, Rawdon, Leeds, UK, LS192
£1,10005/240.88 miDrury Lane, Horsforth, LS182
£1,05012/240.88 mi-2
£1,05002/250.88 mi-2
£1,05004/250.88 mi-2
£90012/240.89 miKerry Court, Horsforth, Leeds, West Yorkshire, UK, LS182
£82506/240.91 mi-2
£89506/240.95 miWentworth Terrace, Rawdon, Leeds2
£1,00005/240.95 miBack Lane, Horsforth, Leeds, West Yorkshire, LS182
£89505/240.95 miTown Street, Rawdon, Leeds2
£90006/240.96 miWentworth Terrace, Rawdon, Leeds, West Yorkshire, LS192
£1,20004/240.97 mi-2
£1,20004/240.97 mi-2
£92505/240.97 miHaigh Wood Road, Cookridge2
£80012/240.99 mi-2
£89503/240.99 mi-2
£80012/240.99 mi-2
£82012/241 miFlat 34, St. James Drive, Horsforth, Leeds2
£89505/241 miNew Road Side, Horsforth, LS182
£99512/241 mi-2
£1,40006/241.02 miWoodnook Drive, Leeds, West Yorkshire, LS162
£95012/241.04 miRose Avenue, Horsforth, Leeds, West Yorkshire, LS182
£1,00005/241.04 miGreen Lane, Cookridge, LS162
£1,10105/241.09 mi4 Alleon Court2
£1,12012/241.09 miRose Avenue, Horsforth, Leeds, West Yorkshire, LS182
£85005/241.11 miKeelham Drive, Leeds, West Yorkshire2
£95005/241.11 miRose Terrace, Horsforth2
£77504/251.12 mi-2

Local Area Statistics

Population in LS18

19,156

Population in Leeds

635,166

Town centre distance

5.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £160,000

September 9, 2024

Floor Plans

Description

  • First Floor Apartment +
  • Sold By Auction (Cash Buyers Only) +
  • 2 Double Bedrooms +
  • Spacious Lounge +
  • Dining Area +
  • Ample Storage +
  • Large Rear Garden +
  • Sought After Location +
  • Needs Up Grading +
  • Fantastic Investment +

CASH BUYERS ONLY FOR SALE BY MODERN METHOD OF AUCTION WITH ADVANCED PROPERTY AUCTION STARTING BIDS £180,000 FEES APPLY FIRST FLOOR APARTMENT 2 DOUBLE BEDROOMS SOUGHT AFTER LOCATION QUIET CUL-DE-SAC CLOSE TO GOOD SCHOOLS, TRAIN STATION & LOCAL AMENITIES NO CHAIN REQUIRES MODERNISATION

Fantastic opportunity to acquire one of the larger apartments within this highly regarded and exclusive area. The apartment offers particularly generous accommodation, which includes on the ground floor a welcoming entrance hall with useful storage cupboard, stairs to large landing giving access to all room and loft.

The kitchen is fitted with a range of wall and base units in white with contrasting light grey worktops and complementary splash back tiling. Integrated fridge & space for free standing oven. Stainless steel sink with mixer tap, plumbing for a washing machine, space for a fridge/freezer and finished with cushion flooring.

The living room is bright and airy thanks to its dual aspect windows allowing an abundance of natural light to flow, Teak surround with gas fire, archway to dining area. There are two double bedrooms, with light decor and walk-In storage. The bathroom comprises:- A three piece suite in white including double cubicle shower, pedestal sink and push button WC. The room is fully tiled and finished with vinyl flooring.

Outside is a large private rear garden with patio and lawn.

Viewings -

Agent Details

WW Estates, Eccleshill

01274 003720

Next Steps?

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