2 Bed Terraced House, Refurb/BRRR, Leeds, LS12 5NN, £185,000

Wood Grove, Leeds, LS12 5NN - 7 months ago

Refurb/BRRR
~75 m²
+9 photos

ValuationOvervalued

Sold Prices£85K - £270K
Sold Prices/m²£1.3K/m² - £5K/m²

 

 

Square Metres

~75.30 m²
Price/m²£2.5K/m²

Value Estimate

£170,822

 

 

End Value (After Refurb)

£204,881

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Refurb Costs

£29,796

Bridging Loan Interest

£4,856

Total Cash In

£94,302

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,881

Mortgage (After Refinance)

£153,661

Mortgage LTV

75%

Cash Released

£14,911

Cash Left In

£79,392

Equity

£51,220

Rent Range

£695 - £1,200

Rent Estimate

£865

Running Costs/mo

£833

Cashflow/mo

£32

Cashflow/yr

£381

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85K to £270K, average is £160.3K. £1.3K/m² to £5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£160K01/230 mi4, Wood Grove, Leeds, West Yorkshire LS12 5NN2
£160K06/230.01 mi38, Wood Grove, Leeds, West Yorkshire LS12 5NN2
£150K12/200.01 mi10, Wood Grove, Leeds, West Yorkshire LS12 5NN2
£176K01/240.05 mi26, Pitchstone Court, Leeds, West Yorkshire LS12 5SZ2
£159.9K12/210.05 mi8, Pitchstone Court, Leeds, West Yorkshire LS12 5SZ2
£185K03/230.09 mi16, Hare Park Mount, Leeds, West Yorkshire LS12 5LR2
£146.5K04/230.12 mi5, Post Hill Court, Leeds, West Yorkshire LS12 5NS2
£122.5K06/210.12 mi11, Post Hill Court, Leeds, West Yorkshire LS12 5NS2
£128K08/210.12 mi7, Post Hill Court, Leeds, West Yorkshire LS12 5NS2
£210K01/240.22 mi375, Pudsey Road, Leeds, West Yorkshire LS13 4HY2
£166K02/210.22 mi359, Pudsey Road, Leeds, West Yorkshire LS13 4HY2
£240K10/210.22 mi9, Hare Farm Avenue, Leeds, West Yorkshire LS12 5QB2
£207K04/210.22 mi28, Hare Farm Avenue, Leeds, West Yorkshire LS12 5QB2
£130K10/200.27 mi10, Tong Green, Leeds, West Yorkshire LS12 5NF2
£162K05/230.27 mi12, Tong Green, Leeds, West Yorkshire LS12 5NF2
£218K03/210.3 mi48, Butt Lane, Leeds, West Yorkshire LS12 5AZ2
£250K01/230.37 mi79a, Ring Road, Farnley, Leeds, West Yorkshire LS12 5AX2
£265K12/220.38 mi2, Harewood Way, Leeds, West Yorkshire LS13 4QD2
£200K06/220.41 mi125, Stonebridge Grove, Leeds, West Yorkshire LS12 5AW2
£126K06/210.41 mi107, Greenthorpe Road, Leeds, West Yorkshire LS13 4LR2
£150K11/220.45 mi12, Greenthorpe Mount, Leeds, West Yorkshire LS13 4LN2
£133.5K02/210.45 mi157, Swinnow Lane, Leeds, West Yorkshire LS13 4QT2
£145K09/210.46 mi14, Greenthorpe Road, Leeds, West Yorkshire LS13 4LJ2
£170K11/200.48 mi127, Stonebridge Grove, Leeds, West Yorkshire LS12 5AW2
£230K02/230.5 mi17, Heather Gardens, Leeds, West Yorkshire LS13 4LF2
£155K05/210.53 mi49, Spring Valley Crescent, Leeds, West Yorkshire LS13 4RL2
£133K01/210.53 mi7, Spring Valley Crescent, Leeds, West Yorkshire LS13 4RL2
£160.5K09/210.53 mi9, Hough End Garth, Leeds, West Yorkshire LS13 4RS2
£115K07/230.55 mi14, Stonecliffe Green, Leeds, West Yorkshire LS12 5BB2
£160K11/200.55 mi123, Swinnow Lane, Leeds, West Yorkshire LS13 4QX2
£152K03/210.58 mi8, Spring Valley Drive, Leeds, West Yorkshire LS13 4RN2
£129.5K10/230.58 mi1, Farrow Bank, Leeds, West Yorkshire LS12 3TA2
£149K12/220.64 mi3, Heights Green, Leeds, West Yorkshire LS12 3SR2
£85K12/200.64 mi12, Troydale Park, Pudsey, West Yorkshire LS28 9LZ2
£187K03/210.65 mi33, Brighton Grove, Leeds, West Yorkshire LS13 4BP2
£158K07/230.65 mi37, Brighton Grove, Leeds, West Yorkshire LS13 4BP2
£159K08/230.65 mi14, Wellstone Rise, Leeds, West Yorkshire LS13 4ED2
£158K11/200.66 mi14, Barker Place, Leeds, West Yorkshire LS13 4BU2
£165K06/210.66 mi8, St Marys Park Crescent, Leeds, West Yorkshire LS12 3UU2
£175K04/210.67 mi16, Park Spring Gardens, Leeds, West Yorkshire LS13 4DT2
£185K07/210.69 mi94, Elder Road, Leeds, West Yorkshire LS13 4BY2
£143K11/210.69 mi43, Harley Terrace, Leeds, West Yorkshire LS13 4RE2
£165K03/230.71 mi16, St James Mews, Leeds, West Yorkshire LS12 3UT2
£163K06/210.71 mi16, St James Mews, Leeds, West Yorkshire LS12 3UT2
£170K03/230.72 mi58, Harley Drive, Leeds, West Yorkshire LS13 4QZ2
£154.6K11/210.72 mi69, Harley Drive, Leeds, West Yorkshire LS13 4QY2
£181K05/240.73 mi35, Troydale Lane, Pudsey, West Yorkshire LS28 9JY2
£186K09/220.74 mi64, St Marys Park Approach, Leeds, West Yorkshire LS12 3UZ2
£270K03/230.76 mi4, Hough Side Lane, Pudsey, West Yorkshire LS28 9JH2
£174K07/230.76 mi132, Green Hill Road, Leeds, West Yorkshire LS13 4AN2

Local Rents

50 rents from £695/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£98502/250.06 mi-2
£85005/240.11 miCornstone Fold, Farnley, Leeds2
£90003/250.12 mi-2
£90005/240.33 miGamble Hill Place, LS132
£1,00001/250.55 mi-2
£87505/240.59 miHenconner Lane, Bramley, Leeds, West Yorkshire, LS132
£75006/240.62 miStonebridge Court, Farnley Crescent, Leeds2
£85003/240.64 miThe Elms, Bramley, Leeds, LS122
£87505/240.64 miHenconner Lane, Bramley, Leeds, LS132
£77512/240.64 mi-2
£77506/240.64 miFarnley Crescent, Leeds, LS122
£1,15006/240.65 mi-2
£85004/250.66 mi-2
£75005/240.69 mi-2
£79505/240.69 miStonebridge Court, Leeds, LS122
£99512/230.71 mi-2
£99505/240.71 mi-2
£85012/240.72 mi-2
£1,05012/240.73 mi-2
£1,20005/240.74 miBobbin Row, Leeds, West Yorkshire, LS122
£69505/240.81 miWinker Green, Stanningley Road2
£97505/240.82 mi-2
£95005/240.85 miPost Hill Gardens, PUDSEY2
£85006/240.86 miStation Place, Bramley2
£84902/250.86 mi-2
£85005/240.88 miHenley Terrace, Leeds, West Yorkshire, LS132
£89504/250.9 mi-2
£89504/250.9 mi-2
£85005/240.9 miNansen Avenue, Bramley2
£85006/240.91 miRossefield Drive2
£85005/240.91 miRosemont Place, Leeds, West Yorkshire, UK, LS132
£75005/240.92 mi-2
£85001/250.93 mi-2
£85004/250.93 mi-2
£95012/240.95 mi-2
£85005/240.95 miSilver Royd Road, Leeds, LS122
£69505/240.96 miSwallow Avenue, Wortley, Leeds2
£92505/240.97 miThe Towers, Armley, Leeds, LS12 3SQ2
£77505/240.98 miBroadlands Court, Pudsey, West Yorkshire, LS282
£82505/241.02 miMoorfield Avenue, Armley, Leeds, UK, LS122
£89505/241.02 miScott Chase, Leeds, LS122
£89503/241.02 miScott Chase, Leeds, LS122
£82505/241.04 miThe Courtyard, Stanningley Road, Leeds, West Yorkshire, LS122
£75005/241.05 mi-2
£1,00012/241.05 mi-2
£77505/241.07 miRosecliffe Terrace, Bramley2
£80005/241.07 miHayleigh Mount, Leeds, West Yorkshire, LS132
£77512/241.07 mi-2
£77506/241.07 miBarden Terrace, Leeds, LS122
£85005/241.07 miWhingate Road2

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

3.03 miles away

Nearest school

0.40 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £185,000

October 5, 2024

Floor Plans

Description

  • Two Bedroom Town House +
  • Spacious Lounge +
  • Conservatory +
  • Popular Cul De Sac Location +
  • Two Double Bedrooms +
  • Enclosed Rear Garden +
  • Garage En Bloc +
  • Viewings Highly Recommended +

The Property
Purplebricks are pleased to bring to the market this spacious two bedroom town house. Situated in this ever popular cul de sac in Farnley. The property is extended with a conservatory and benefits from a fittedn kitchen, low maintenance garden to the rear, a garage and off street parking. In need of some updating. Sure to appeal to many book your viewing today to avoid disappointment.

The property briefly comprises; entrance porch, spacious lounge/dining room , fitted kitchen adn a conservatory with patio doors leading into the garden. The first floor has two double bedrooms and the house bathroom. The outside has a low maintenance garden to the rear and a garage en bloc.

Situated in this popular convenient location within easy access to Pudsey Town Centre, local amenities, schools, woodland walks, wildfowl reserve, golf courses, leisure centre, swimming pool, The Owlcotes Centre, and commuting to Leeds and Bradford via the Ring Road.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Leeds

0113 519 9101

Next Steps?

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