2 Bed Flat, Single Let, Leeds, LS11 9BG, £190,000

Velocity West, City Walk, LS11 9BG - 3 views - 6 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£60K - £363K
Sold Prices/m²£909/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£213,749
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£925 - £1,950

Rent Estimate

£1,100

Running Costs/mo

£834

Cashflow/mo

£266

Cashflow/yr

£3,195

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £363K, average is £191.3K. £909/m² to £4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£215K11/220.16 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.16 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.16 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.16 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£204K02/230.22 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.28 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.28 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.28 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.28 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.28 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.28 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£255K07/240.42 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.42 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.42 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.42 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£192K01/210.54 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.54 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£170K10/230.54 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£100K08/220.54 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.54 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£207.8K05/210.55 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£93K07/220.55 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/200.55 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£190K01/230.55 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£102K04/220.6 mi34, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£270K02/230.62 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£255K10/220.64 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.64 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.64 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.64 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.64 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.64 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£60K04/210.65 mi1, St Lukes Crescent, Leeds, West Yorkshire LS11 8LA2
£220K11/220.65 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£300K09/230.66 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.66 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.66 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.66 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.66 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.66 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£178K02/230.67 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.67 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.67 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.67 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£190K02/230.67 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£176K06/210.67 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.67 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.67 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£185.5K04/210.68 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.69 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2

Local Rents

50 rents from £925/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.01 mi-2
£1,10005/240.02 mi-2
£1,10005/240.02 miVelocity South, Leeds, LS112
£1,25002/250.02 mi-2
£1,05012/240.02 mi-2
£97503/250.02 mi-2
£1,20005/240.02 miVelocity North, City Walk2
£1,10005/240.03 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,10005/240.03 miCity Walk, Leeds, LS112
£1,00012/240.03 mi-2
£1,10005/240.03 miVelocity East, 4 City Walk2
£1,10005/240.03 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,07506/240.03 miVelocity East, 4 City Walk, Leeds, West Yorkshire, LS112
£1,05012/240.03 mi-2
£92505/240.04 miVelocity East, 4 City Walk, Leeds2
£1,20005/240.04 mi6 City Walk, Holbeck, Leeds, LS112
£1,15005/240.04 mi6 City Walk, Holbeck, Leeds, LS112
£1,15005/240.04 mi6 City Walk, Holbeck, Leeds, LS112
£1,20006/240.04 mi6 City Walk, Holbeck, Leeds, LS112
£1,15006/240.04 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,15001/250.04 mi-2
£1,40005/240.05 miVelocity West, 5 City Walk, Leeds, LS11 9BG2
£1,15005/240.05 miVelocity West, Leeds City Centre2
£1,15012/240.06 mi-2
£1,15005/240.06 miVelocity North, Leeds, LS112
£1,10005/240.06 miCity Walk, Leeds, West Yorkshire, LS112
£1,05005/240.06 miVelocity North, 3 City Walk, Leeds2
£1,15005/240.06 miVelocity North, 3 City Walk, Leeds2
£1,10005/240.06 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,10005/240.07 miCity Walk, Leeds, West Yorkshire, UK, LS112
£1,27006/240.08 miLeeds City Centre LS112
£1,35506/240.08 miLeeds City Centre, LS112
£1,27005/240.11 miLeeds City Centre, LS112
£1,39505/240.11 miDaniels House, Leeds, LS112
£1,25005/240.12 miIngram Street, Leeds, West Yorkshire, UK, LS112
£1,10006/240.12 miIngram Street, Manor Mills Ingram Street, LS112
£1,05005/240.12 miManor Mills, Ingram Street, Leeds, West Yorkshire, LS112
£1,15005/240.13 miMannor Mills Ingram Street2
£97505/240.13 miManor Mills, Ingram Street, Leeds2
£1,37503/240.15 miWater Lane2
£1,89505/240.15 miApartment, Bridgewater Place, Leeds2
£1,39505/240.16 miWater Lane, Leeds, UK, LS112
£1,39505/240.16 miWater Lane, Leeds, West Yorkshire, LS112
£1,95005/240.16 miBridgewater Place Water Lane Leeds LS112
£1,35005/240.16 miBridgewater Place, Leeds City Centre2
£1,95005/240.16 miBridgewater Place, Water Lane2
£1,45006/240.16 miWater Lane, Leeds, West Yorkshire, LS112
£1,40006/240.16 miWater Lane, Leeds, West Yorkshire, LS112
£1,35006/240.16 miBridgewater Place, Leeds City Centre, LS11 5QB2
£1,00002/250.16 mi-2

Local Area Statistics

Population in LS11

34,732

Population in Leeds

635,166

Town centre distance

0.89 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £190,000

September 30, 2024

Description

  • 2 DOUBLE BEDROOMS +
  • 2 BATHROOMS +
  • SECURE UNDER CROFT PARKING +
  • EWS1 CERTIFIED +
  • SHORT WALK TO TRAIN STATION +
  • 7% GROSS RETURN +
  • EXCELLENT ACCESS TO MOTORWAYS +

EWS1 CERTIFIED We are delighted to offer for sale this two bedroom, two bathroom apartment in Velocity West with secure under croft parking. Perfect first time buyer apartment or investment opportunity, the property is let until March 2025 with rental income currently of £1100 per month, 7% gross return. The accommodation comprises open plan living room/kitchen with fitted appliances throughout the kitchen including fridge/freezer, washing machine and dishwasher. Both bedrooms are doubles and are carpeted however the primary bedroom boasts a large built in wardrobe and en-suite with shower, w/c and hand basin. There is an additional house bathroom with three piece suite in white with tiled flooring. Property includes under croft secure parking with electric gates and on-site concierge. EPC Rating D. Council tax band D.

Leasehold: 999 years from 1st January 2003
Annual Service Charge: £1300
Annual Ground Rent: £200

999 years from 1st January 2003.
Ground rent is £200 annually
Service charges is £1300 annually
Council Tax Band D

Leasehold Information - Leasehold: 999 years from 1st January 2003
Annual Service Charge: £1300 PA
Annual Ground Rent: £200 PA

Agent Details

Parklane, Leeds

0113 519 3944

Next Steps?

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