2 Bed Flat, Single Let, Leeds, LS8 2TT, £140,000

Montagu Court, Leeds, LS8 2TT - 6 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~59 m²

+6 photos

ValuationUndervalued

Sold Prices	£100K - £335K
Sold Prices/m²	£1.5K/m² - £4.5K/m²

Square Metres	~59.46 m²
Price/m²	£2.4K/m²
Value Estimate	£164,050£164,050
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£8,500£8,500
Total Cash In	£43,500£43,500

Cash Out
Rent Range	£695 - £2,650£695 - £2,650
Rent Estimate	£796
Running Costs/mo	£617£617
Cashflow/mo	£179£179
Cashflow/yr	£2,152£2,152
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

29 sold prices from £100K to £335K, average is £165.5K. £1.5K/m² to £4.5K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£137.5K	10/21	0 mi	18, Montagu Court, Leeds, West Yorkshire LS8 2TT	£2,356	58	2	Flat
£160K	08/24	0 mi	21, Montagu Court, Leeds, West Yorkshire LS8 2TT	£3,231	50	2	Flat
£150K	01/24	0 mi	11, Montagu Court, Leeds, West Yorkshire LS8 2TT	£2,539	59	2	Flat
£175.5K	10/22	0.08 mi	11, Bedford Court, Leeds, West Yorkshire LS8 2PL	-	-	2	Flat
£175K	11/20	0.28 mi	First And Second Floor Apartment, 454a, Roundhay Road, Leeds, West Yorkshire LS8 2HU	-	-	2	Flat
£138.5K	06/21	0.36 mi	6, North Hill Close, Leeds, West Yorkshire LS8 2QP	£2,098	66	2	Flat
£130K	06/24	0.36 mi	15, North Hill Close, Leeds, West Yorkshire LS8 2QP	-	-	2	Flat
£115K	11/20	0.45 mi	Flat 34, Rosewood Court, Park Avenue, Roundhay, Leeds, West Yorkshire LS8 2BL	-	-	2	Flat
£250K	07/21	0.47 mi	5, Greystones Court, Roundhay, Leeds, West Yorkshire LS8 2HT	£3,111	80	2	Flat
£237K	11/21	0.47 mi	3, Greystones Court, Roundhay, Leeds, West Yorkshire LS8 2HT	£3,203	74	2	Flat
£275K	07/21	0.47 mi	10, Greystones Court, Roundhay, Leeds, West Yorkshire LS8 2HT	£3,369	82	2	Flat
£100K	08/21	0.48 mi	4, King Edwins Court, Leeds, West Yorkshire LS8 4DA	£1,515	66	2	Flat
£102K	05/21	0.52 mi	Flat 25, Grange Park Mews, Dib Lane, Leeds, West Yorkshire LS8 3HL	-	-	2	Flat
£105K	03/21	0.58 mi	Flat 6, Well House Court, Well House Road, Leeds, West Yorkshire LS8 4BS	-	-	2	Flat
£165.5K	04/21	0.6 mi	2, Woodland Court, Leeds, West Yorkshire LS8 4DE	-	-	2	Flat
£170.1K	02/21	0.6 mi	6, Woodland Court, Leeds, West Yorkshire LS8 4DE	£2,501	68	2	Flat
£265K	06/23	0.65 mi	Flat, 29, West Court, Roundhay, Leeds, West Yorkshire LS8 2JP	-	-	2	Flat
£233K	06/21	0.65 mi	3, West Court, Roundhay, Leeds, West Yorkshire LS8 2JP	£2,987	78	2	Flat
£272K	03/23	0.65 mi	6, West Court, Roundhay, Leeds, West Yorkshire LS8 2JP	-	-	2	Flat
£285K	11/23	0.69 mi	2, Lake View Court, Leeds, West Yorkshire LS8 2TX	£4,524	63	2	Flat
£273.5K	05/21	0.69 mi	10, Lake View Court, Leeds, West Yorkshire LS8 2TX	£3,073	89	2	Flat
£227.5K	08/23	0.69 mi	4, Lake View Court, Leeds, West Yorkshire LS8 2TX	£2,993	76	2	Flat
£110K	08/21	0.72 mi	20, Oaklands Court, Leeds, West Yorkshire LS8 3TP	-	-	2	Flat
£130K	09/23	0.74 mi	4, Oaklands Grove, Gipton, Leeds, West Yorkshire LS8 3TD	-	-	2	Flat
£155K	04/24	0.74 mi	14, Green View Court, Leeds, West Yorkshire LS8 1LA	£2,348	66	2	Flat
£135K	03/23	0.82 mi	8, Mount Pleasant Gardens, Leeds, West Yorkshire LS8 4EH	£2,220	61	2	Flat
£335K	06/21	0.86 mi	5a, The Drive, Roundhay, Leeds, West Yorkshire LS8 1JF	£1,903	176	2	Flat
£171K	10/23	0.95 mi	20, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN	£3,280	52	2	Flat
£137.9K	01/21	0.95 mi	9, Gledhow Wood Close, Leeds, West Yorkshire LS8 1PN	£2,759	50	2	Flat

Local Rents

38 rents from £695/mo to £2.6K/mo, average is £999/mo.

Rent	Date	Distance	Address	Beds	Type
£953	05/24	0.04 mi	2 Montagu Drive, Flat 3	2	Flat
£997	05/24	0.05 mi	2 Montagu Drive, Flat 9	2	Flat
£988	05/24	0.06 mi	2 Montagu Drive - Flat 5	2	Flat
£1,100	05/24	0.16 mi	Oakwood Lane, Leeds, West Yorkshire, UK, LS8	2	Flat
£1,000	05/24	0.17 mi	Newton Court, LEEDS	2	Flat
£1,050	12/24	0.18 mi	-	2	Flat
£795	05/24	0.21 mi	6/Parkgate, LS8	2	Flat
£1,100	03/25	0.26 mi	-	2	Flat
£1,150	04/25	0.28 mi	-	2	Flat
£1,050	04/24	0.29 mi	-	2	Flat
£1,300	05/24	0.3 mi	-	2	Flat
£1,300	11/24	0.3 mi	-	2	Flat
£1,100	02/24	0.31 mi	-	2	Flat
£899	04/25	0.31 mi	-	2	Flat
£1,100	05/24	0.31 mi	Hollin Park Parade, Leeds, West Yorkshire, LS8	2	Flat
£899	01/24	0.33 mi	-	2	Flat
£995	05/24	0.33 mi	Ravenscar Avenue, Leeds, LS8	2	Terraced House
£995	05/24	0.33 mi	-	2	Terraced House
£2,650	02/24	0.33 mi	-	2	Terraced House
£2,650	05/24	0.33 mi	-	2	Terraced House
£2,650	03/25	0.33 mi	-	2	Terraced House
£2,650	02/24	0.35 mi	-	2	Semi-Detached House
£2,650	05/24	0.35 mi	-	2	Semi-Detached House
£2,650	03/25	0.35 mi	-	2	Semi-Detached House
£800	05/24	0.35 mi	Grove House Court, Roundhay, Leeds, West Yorkshire, LS8	2	Flat
£1,050	05/24	0.36 mi	North Hill Close, Roundhay, Leeds, LS8 2QP	2	Flat
£1,100	05/24	0.38 mi	Ravenscar Terrace, Roundhay, Leeds	2	Terraced House
£895	05/24	0.4 mi	Grove House Court, Leeds, UK, LS8	2	Flat
£1,300	05/24	0.47 mi	The Grove, Roundhay, Leeds, West Yorkshire, UK, LS8	2	Flat
£850	05/24	0.47 mi	-	2	Flat
£850	05/24	0.47 mi	-	2	Flat
£940	01/25	0.48 mi	-	2	Flat
£765	05/24	0.52 mi	Grange Park Mews, Oakwood, Leeds	2	Flat
£900	06/24	0.52 mi	Dib Lane, Leeds	2	Flat
£950	06/24	0.52 mi	Wetherby Road, Leeds, West Yorkshire, LS8	2	Flat
£695	05/24	0.58 mi	Well House Court, Well House Road, Leeds, LS8	2	Flat
£975	05/24	0.6 mi	Park Avenue, Roundhay, Leeds, West Yorkshire, UK, LS8	2	Flat
£960	06/24	0.6 mi	Park Avenue, Roundhay, Leeds, West Yorkshire, LS8	2	Flat

Local Area Statistics

Population in LS8	47,78147,781
Population in Leeds	635,166635,166
Town centre distance	2.74 miles away2.74 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.45 miles away2.45 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+39%+39%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £140,000

October 16, 2024

Floor Plans

Description

Chain Free +
Second Floor Apartment +
Two Bedroom +
Gas Central Heating +
Residents Car Parking +
Long Lease +

This spacious second-floor, two-bedroom apartment is located in the sought-after Oakwood area, The property offers a welcoming entrance hallway with built-in storage, an open-plan living and dining area, a separate kitchen, two well-proportioned bedrooms, and a modern bathroom. Residents benefit from access to beautifully maintained communal gardens featuring lawns, paved pathways, and neatly landscaped shrubbery. There is also ample parking in the residents' car park. This property offers convenient access to local shops, schools, and amenities while being just a short distance from the scenic Roundhay Park. Its proximity to major ring roads ensures excellent connectivity for commuting and easy access to surrounding areas. The property is offered with no onward chain. EPC rating: C. 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 💪

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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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