2 Bed Flat, Single Let, Leeds, LS9 7DR, £144,950

Mertensia House, 77A Mabgate, Leeds, LS9 7DR - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~70 m²
+5 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~70.05 m²
Price/m²£2.1K/m²

Value Estimate

£175,390
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,238

Stamp Duty & Legal Fees

£8,847

Total Cash In

£45,084

 

 

Cash Out

 

Rent Range

£775 - £3,000

Rent Estimate

£895

Running Costs/mo

£652

Cashflow/mo

£243

Cashflow/yr

£2,916

ROI

6%

Gross Yield

7%

Local Sold Prices

39 sold prices from £80K to £400K, average is £190K. £1.1K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K03/210.37 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.37 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.37 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.37 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£80K12/220.47 mi23, Shakespeare Grange, Leeds, West Yorkshire LS9 7UA2
£170K04/210.51 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£80K06/230.53 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£178K02/230.58 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.58 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.58 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.58 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£207.8K05/210.61 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£115K12/220.61 mi35, Carlton Rise, Leeds, West Yorkshire LS7 1HH2
£192K01/210.61 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.61 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£255K10/220.63 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.63 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.63 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.63 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.63 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.63 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£234.7K01/240.65 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£255K07/240.71 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.71 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.71 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.71 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£190K01/230.75 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£170K10/230.77 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£160K11/200.78 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.78 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£400K05/210.79 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£150K09/220.79 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.8 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K06/230.82 mi1c, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£250K07/210.82 mi5, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£115K01/230.87 mi4, Conway Mount, Leeds, West Yorkshire LS8 5HZ2
£229.9K07/230.89 mi36, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£170K08/210.89 mi29, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£190K02/230.89 mi40, Dene House Court, Leeds, West Yorkshire LS2 9BS2

Local Rents

50 rents from £775/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99505/240 miFlat 8 Mertensia House, 77A Mabgate, Leeds2
£90004/250.04 mi-2
£99505/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£1,05005/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99506/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99506/240.06 miSkinner Lane, Leeds, West Yorkshire, LS72
£99506/240.07 miSkinner Lane, Leeds, West Yorkshire, LS72
£95005/240.07 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£1,00005/240.07 mi-2
£1,00012/240.07 miByron Street, Leeds2
£1,15012/240.07 miByron Street, Leeds, West Yorkshire, LS22
£1,00012/240.07 miMillwright, Byron Street, Leeds, West Yorkshire, LS22
£99505/240.08 miSkinner Lane, Leeds, West Yorkshire, LS72
£89506/240.08 miSkinner Lane, Leeds, West Yorkshire, LS72
£97503/250.08 mi-2
£77512/240.1 miCitispace, Regent Street Leeds City Centre, Leeds2
£1,20002/250.11 mi-2
£1,20012/240.11 miConcord Street, West Yorkshire, LS22
£2,80005/240.11 mi-2
£99505/240.11 miMabgate, Leeds, West Yorkshire, UK, LS92
£89505/240.12 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£89505/240.12 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£1,40012/240.12 mi-2
£89505/240.12 miConcord Street, Concord Street, LS22
£1,25005/240.12 miLeylands House, 56 Mabgate, Leeds, LS92
£1,90012/240.12 mi-2
£1,65004/250.12 mi-2
£1,90005/240.12 miLeylands House, Leeds, LS92
£1,05005/240.12 miMillwright Apartments2
£1,20012/240.12 mi-2
£1,20005/240.13 miMabgate House, Leeds, LS92
£1,30006/240.13 miMabgate House, Leeds, LS9 7DY2
£2,00004/250.13 mi-2
£2,25012/240.14 mi-2
£2,25002/250.14 mi-2
£1,99504/250.14 mi-2
£1,00004/250.15 mi-2
£95003/250.16 mi-2
£1,07512/240.16 mi-2
£1,00003/250.16 mi-2
£1,05003/240.17 miConcord Street2
£1,00005/240.17 miConcord Street, LS22
£1,00005/240.17 miConcord Street, LEEDS2
£1,00005/240.17 miConcord Street, Leeds, West Yorkshire, LS22
£3,00004/250.18 mi-2
£99504/250.18 mi-2
£1,02512/240.18 miBrunswick Court, Leeds, West Yorkshire, LS22

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £144,950

February 8, 2025

Listed for £154,995

October 16, 2024

Floor Plans

Description

  • ALLOCATED PARKING +
  • EXTENDED LEASE +
  • No Onward Chain +
  • Two Bedrooms +
  • Top Floor Apartment +
  • Spacious Throughout +
  • Popular Location +
  • Kitchen with Integrated Appliances +

Sold with no onward chain and nestled on the vibrant edge of Leeds City Centre in the ever-popular Mabgate area, this stunning two-bedroom apartment presents an exciting opportunity for both investors and professionals seeking a contemporary lifestyle with the convenience of city living.  As you step inside, a welcoming entrance hall invites you into the heart of the home, leading to a bright and expansive reception room. Perfect for both relaxation and entertainment, enhanced by natural light streaming in from large windows. This then opens into the kitchen, which is fully equipped with wooden wall and base units, integrated appliances and ample workspace.  The generously proportioned master bedroom boasts plenty of space and an abundance of natural light. The second double bedroom provides versatility, whether for guests, a large home office or additional living space. The contemporary family shower room is tastefully fitted with three piece shower suite. Furthermore, the property also comes with a parking space. Situated just a short walk from the bustling heart of Leeds City Centre, with its array of shops, restaurants, and cultural attractions, this apartment offers the perfect blend of urban excitement and modern comfort. With excellent transport links, this property is ideal for city professionals or astute investors looking to capitalize on a thriving rental market. EPC rating: D. Tenure: Leasehold,

Agent Details

Northwood, Chapel Allerton

0113 519 3483

Next Steps?

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