2 Bed Flat, Refurb/BRRR, Leeds, LS7 4LA, £160,000

Harrogate Road, Leeds, LS7 4LA - 1 views - 6 months ago

Refurb/BRRR
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£155,314

 

 

End Value (After Refurb)

£206,816

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£26,951

Bridging Loan Interest

£4,200

Total Cash In

£82,101

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£206,816

Mortgage (After Refinance)

£155,112

Mortgage LTV

75%

Cash Released

£35,112

Cash Left In

£46,989

Equity

£51,704

Rent Range

£850 - £1,495

Rent Estimate

£1,082

Running Costs/mo

£883

Cashflow/mo

£199

Cashflow/yr

£2,392

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £77K to £375K, average is £177K. £1.5K/m² to £8.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£180K06/230.14 mi12, Garmont Road, Leeds, West Yorkshire LS7 3LY2
£210K05/230.14 miFlat 3, Ivy Court, Church Lane, Chapel Allerton, Leeds, West Yorkshire LS7 4LY2
£205K01/240.2 mi14, Lime Grove, Leeds, West Yorkshire LS7 3PZ2
£255K09/220.2 mi12, Lime Grove, Leeds, West Yorkshire LS7 3PZ2
£190K09/220.22 miFlat 6, The Coach House Chapel Allerton Hall, King George Avenue, Chapel Allerton, Leeds, West Yorkshire LS7 4NP2
£190K03/210.26 mi1, Oldfield Court, Leeds, West Yorkshire LS7 4SZ2
£210K02/230.29 mi6, Teale Drive, Leeds, West Yorkshire LS7 4SW2
£97.5K07/230.29 mi31, Potternewton Heights, Leeds, West Yorkshire LS7 3DD2
£190.1K03/210.31 mi50, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£205K03/230.31 mi32, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£195K01/210.31 mi34, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£188K09/210.31 mi59, Charnley Drive, Leeds, West Yorkshire LS7 4ST2
£200K12/200.32 mi20, Teale Court, Leeds, West Yorkshire LS7 4AY2
£77K04/210.33 mi25, Potternewton Court, Leeds, West Yorkshire LS7 3RW2
£321K01/230.34 miFlat 1, Eltonhurst, St Marys Road, Leeds, West Yorkshire LS7 3JX2
£132.5K11/230.37 mi12, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£130K08/230.37 mi20, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£129K02/210.37 mi2, Gledhow Court, Leeds, West Yorkshire LS7 4NL2
£140K09/210.39 mi46, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£150.5K02/210.39 mi10, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£155K12/200.39 mi6, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£153K03/230.39 mi66, Hillside Court, Leeds, West Yorkshire LS7 4NJ2
£375K06/230.39 miFlat 10, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£300K11/200.39 miFlat 9, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£250K01/240.39 miFlat 17, Webton Court, Allerton Park, Leeds, West Yorkshire LS7 4SP2
£235K03/210.42 miApartment 9, The Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire LS7 3NZ2
£270K05/230.42 miApartment 17, The Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire LS7 3NZ2
£217K01/230.43 miFlat C, 81, Harrogate Road, Leeds, West Yorkshire LS7 3QE2
£165K12/220.43 miFlat B, 81, Harrogate Road, Leeds, West Yorkshire LS7 3QE2
£182.5K04/240.5 mi4, First Floor Flat, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£174K03/210.5 miFirst Floor Flat, 4, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£235K06/210.5 mi15, Westfield Terrace, Leeds, West Yorkshire LS7 3QG2
£140.3K03/230.5 mi53, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£130.5K09/210.5 mi30, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£125K12/200.5 mi12, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£107.5K10/230.5 mi37, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£138.5K04/240.5 mi13, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£115.5K04/210.5 mi19, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£140K09/210.5 mi38, Newton Park Court, Leeds, West Yorkshire LS7 4RD2
£171K10/230.51 mi20, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN2
£137.9K01/210.51 mi9, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN2
£125K10/200.54 mi39, Lincombe Rise, Leeds, West Yorkshire LS8 1QH2
£140K12/200.56 mi72, West Hill Avenue, Leeds, West Yorkshire LS7 3RS2
£170K02/210.56 mi74, West Hill Avenue, Leeds, West Yorkshire LS7 3RS2
£135K03/230.65 mi8, Mount Pleasant Gardens, Leeds, West Yorkshire LS8 4EH2
£165K10/230.66 mi7, Valley Court, Leeds, West Yorkshire LS17 6LU2
£186.2K12/230.66 mi1, Valley Court, Leeds, West Yorkshire LS17 6LU2
£180K02/240.66 mi11, Valley Court, Leeds, West Yorkshire LS17 6LU2
£223K12/220.66 mi15, Valley Court, Leeds, West Yorkshire LS17 6LU2
£209.8K11/210.66 mi2, Valley Court, Leeds, West Yorkshire LS17 6LU2

Local Rents

50 rents from £850/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97502/250.06 mi-2
£1,20003/250.1 mi-2
£1,49505/240.12 miGarmont Court, Garmont Road, Chapel Allerton2
£92505/240.13 mi-2
£1,10005/240.13 miMethley Terrace, Chapel Allerton, Leeds, LS72
£85005/240.14 miGarmont Road, Chapel Allerton, Leeds, LS72
£1,10003/250.16 mi-2
£95005/240.2 miNewton Hill Court, Chapeltown Road, Chapel Allerton, Leeds, LS72
£1,35005/240.2 miChapeltown Road, Leeds, West Yorkshire, LS72
£1,29505/240.21 miHarrogate Road, Chapel Allerton, Leeds, LS72
£1,35005/240.22 miHollybank Apartments, Chapel Allerton, Leeds2
£1,20005/240.22 miChapel Allerton Hall, King George Avenue, Leeds, LS7 4NP2
£1,10002/250.26 mi-2
£99505/240.27 miThe Hawthorns, 6 Well Lane, Chapel Allerton, Leeds2
£1,10006/240.29 miCharnley Drive, Leeds2
£1,15005/240.29 mi-2
£1,15003/250.29 mi-2
£1,15006/240.31 miCharnley Drive, Chapel Allerton, Leeds, LS72
£1,20005/240.32 miConcept, Chapel Allerton, Leeds2
£90005/240.33 miStainbeck Lane, Chapel Allerton, Leeds, West Yorkshire, LS72
£1,05002/250.34 mi-2
£85001/250.34 mi-2
£97505/240.37 miAllerton Hill, Chapel Allerton, Leeds, West Yorkshire, LS72
£1,39012/240.37 mi-2
£99503/250.38 mi-2
£90004/250.38 miChestnut Court, Harehills Lane, Leeds2
£1,30006/240.38 miAllerton Hall Courtyard, Chapel Allerton, Leeds, LS72
£1,25005/240.38 miRoxholme Grove, Chapel Allerton, Leeds, LS72
£1,10005/240.38 miMansion View, Chapel Allerton, LS72
£1,07503/250.38 mi-2
£89505/240.39 miWoodland Lane, Chapel Allerton2
£1,15011/240.39 mi-2
£1,25005/240.39 miAllerton House, 75 Allerton Hill Chapel Allerton, Leeds2
£95005/240.4 miWensleydale Court, Stainbeck Lane, Chapel Allerton, Leeds, LS72
£1,10003/250.42 mi-2
£1,35006/240.43 mi-2
£1,05005/240.43 miNorthbrook Street, Leeds, West Yorkshire, LS72
£1,12505/240.44 miHarehills Lane, Leeds, West Yorkshire, LS72
£1,15004/250.44 mi-2
£1,05012/240.44 mi-2
£1,05002/250.44 mi-2
£1,10006/240.46 miNewton Road, Leeds, West Yorkshire, LS72
£1,05005/240.46 miWestfield Terrace, Leeds, West Yorkshire, LS72
£1,25005/240.47 miWood Lane, Chapel Allerton, Leeds, West Yorkshire, LS72
£85005/240.49 mi-2
£1,20005/240.49 miScott Hall Grove, Leeds2
£1,13002/250.5 mi-2
£85002/240.5 mi-2
£85005/240.5 mi-2
£85005/240.5 miNewton Park Court, Leeds, LS72

Local Area Statistics

Population in LS7

29,112

Population in Leeds

635,166

Town centre distance

1.90 miles away

Nearest school

0.10 miles away

Nearest train station

2.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £160,000

October 15, 2024

Description

  • Extremely spacious property +
  • Off street parking +
  • Two bed flat +
  • Low maintenace front and rear +
  • Great transport links to city centre and Chapel Allerton +
  • No onward chain +

SUMMARY
We have received an offer of £175,000
Any increased offers are to be received within 5 days of this
publication at the above agents. 12/11/24

DESCRIPTION
A well spaced two bed flat with two lounge spaces, a kitchen and pantry. This flat spreads across the whole of the ground floor of the building. This property would benefit from a renevation. A brilliant location with easy access to Chapel Allerton and transport links to the city centre.

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

Front Entrance  
Spacious stone paving at the front of the property. Lengthy drive to the right of the building which leads round to the back of the proper allowing for off street parking.

Hallway  
Generously spaced hallway which is carpeted. This space has a double radiator. Provides access to the front rooms and back rooms of the property.

Lounge 1  
Generously space lounge room with large bay window which is double glazed. This room benefits from two well sized radiators and a gas fire. Room is wall papered/carpeted and has double glazed windows.

Bedroom 1 
A well spaced bedroom with one well sized radiator and offers double glazed windows. In addition to this, this room has a sealed fireplace. Room is well papered and floor is carpeted.

Boiler Cupboard/Storage 
Small cupboard which houses the property's boiler. With shelves in this room allowing for additional storage. Floor is lino and walls are papered.

Kitchen 
Kitchen is generously spaced and houses a cooker, washing machine/dryer and a double fridge freezer and floor is currently concrete. With undersink storage and two additional cupboard units, there is adequate space and potential for further units to be added. The kitchen also houses the door to the back of the property leading to the back of the property.

Pantry 
To the back of the property leading from the kitchen you will find the pantry. Plenty of storage space and shelves.

Cupboard Under Stairs 
Cupboard allows for plenty of storage. This room houses the electric meter and fuse board.

Cupboard Under Stairs 
Cupboard allows for plenty of storage. This room houses the electric meter and fuse board.

Lounge 2 
This room is generously spaced with large bay window which is double glazed. This room also houses a well sized radiator. Room is carpeted and wall papered. It also houses a boarded fireplace.

Bedroom 2 
Adequate sized bedroom with plenty of space for a double bed. Double glazed windows which open both from the top and bottom with a well sized radiator. Room has a wall vented grill. Room is carpeted and walls are papered.

W/C 
Fitted toilet with floor and walls tiled throughout. Offering a small radiator and a double glazed obscured window allowing privacy.

Bathroom 
Bathroom is tiled throughout. Shower is above the bath with Jacuzzi features in the bathtub. Well sized double glazed obscured window allowing for plenty of natural light. Bathroom also has an electric vented fan.

Summary 
This property is generous sized and fairly dated. Well sized bedrooms allowing for comfortable living space. All rooms would benefit from a redecoration and or modernisation. With this property being extremely well spaced it would attract investors and or people who enjoy to renovate properties.

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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