2 Bed Flat, Single Let, Leeds, LS27 9DA, £85,000

Victoria Mews, Morley, Leeds, LS27 9DA - 5 months ago

Leasehold
BTL
ROI: 11%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£66K - £285K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£105,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£595 - £1,000

Rent Estimate

£656

Running Costs/mo

£417

Cashflow/mo

£239

Cashflow/yr

£2,870

ROI

11%

Gross Yield

9%

Local Sold Prices

42 sold prices from £66K to £285K, average is £116.8K. £1.1K/m² to £4.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£66K04/230 miFlat 14, Victoria Court, Victoria Mews, Morley, Leeds, West Yorkshire LS27 9DA2
£124K01/230.09 mi8, Prospect Mews, Morley, Leeds, West Yorkshire LS27 9EQ2
£136K10/220.09 mi4, Prospect Mews, Morley, Leeds, West Yorkshire LS27 9EQ2
£115K03/230.14 miFlat 1, Sparta Court, Troy Road, Morley, Leeds, West Yorkshire LS27 8JG2
£138K02/210.14 mi19, Troy Road, Morley, Leeds, West Yorkshire LS27 8JG2
£111K10/230.15 mi17, Prospect Court, Morley, Leeds, West Yorkshire LS27 9EJ2
£100K01/210.15 mi15, Prospect Court, Morley, Leeds, West Yorkshire LS27 9EJ2
£93K10/210.17 mi6, Busely Court, Morley, Leeds, West Yorkshire LS27 9SJ2
£93K10/210.18 mi6, Busely Court, Morley, Leeds, West Yorkshire LS27 9SJ2
£118K10/220.21 mi26, Church Street, Morley, Leeds, West Yorkshire LS27 8LU2
£118K05/230.23 mi40, Stephenson House, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£125K07/230.23 mi5, Robert House, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£115.5K06/210.23 miStephenson House, 47, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£79K03/240.23 miStephenson House, 42, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£130K07/230.23 mi8, Robert House, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£130K05/230.23 mi18, Louis House, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£119.3K10/220.23 miStephenson House, 41, Pullman Court, Morley, Leeds, West Yorkshire LS27 8PT2
£160K05/230.28 mi21, Albion Street, Morley, Leeds, West Yorkshire LS27 8WP2
£150K12/230.28 mi11, Fielding Court, Morley, Leeds, West Yorkshire LS27 9AH2
£125K10/220.28 mi26, Dean Hall Close, Morley, Leeds, West Yorkshire LS27 9LU2
£140K03/230.3 mi54, Fielding Way, Morley, Leeds, West Yorkshire LS27 9AB2
£115K02/210.4 miFlat 11, Hanover Court, Albert Road, Morley, Leeds, West Yorkshire LS27 8WQ2
£140K11/230.43 mi25, Farm Hill Road, Morley, Leeds, West Yorkshire LS27 9RD2
£129.8K03/230.43 mi29, Farm Hill Road, Morley, Leeds, West Yorkshire LS27 9RD2
£112.5K12/210.44 miFlat 12, Peel Mills, Commercial Street, Morley, Leeds, West Yorkshire LS27 8AZ2
£105K06/210.44 miFlat 18, Peel Mills, Commercial Street, Morley, Leeds, West Yorkshire LS27 8AZ2
£115K03/230.44 miFlat 14, Peel Mills, Commercial Street, Morley, Leeds, West Yorkshire LS27 8AZ2
£105K04/210.45 miFlat 13, Peel Mills, Commercial Street, Morley, Leeds, West Yorkshire LS27 8AZ2
£131.8K09/220.45 miFlat 9, Peel Mills, Commercial Street, Morley, Leeds, West Yorkshire LS27 8AZ2
£97K08/210.49 mi10, Melbourne Street, Morley, Leeds, West Yorkshire LS27 8BG2
£127.5K10/200.52 mi14, Chestnut Gardens, Morley, Leeds, West Yorkshire LS27 9LN2
£160K10/230.54 mi37, Great Northern Street, Morley, Leeds, West Yorkshire LS27 9AF2
£110K10/220.68 mi53, Frensham Avenue, Morley, Leeds, West Yorkshire LS27 0RP2
£92K11/200.73 mi5, Elmfield Court, Morley, Leeds, West Yorkshire LS27 0EP2
£109K01/240.73 mi39, Elmfield Court, Morley, Leeds, West Yorkshire LS27 0EP2
£260K12/200.77 miApartment 45, Adlington House, Bridge Street, Otley, West Yorkshire LS21 1FQ2
£285K11/200.77 mi7, Grange Park Way, Morley, Leeds, West Yorkshire LS27 7UP2
£115K04/210.79 mi7, Meadowbrook Court, Morley, Leeds, West Yorkshire LS27 0LG2
£125K07/210.79 mi17, Meadowbrook Court, Morley, Leeds, West Yorkshire LS27 0LG2
£82K06/230.81 mi26, Chalner Avenue, Morley, Leeds, West Yorkshire LS27 0SD2
£87K03/210.93 mi15, Albert Drive, Morley, Leeds, West Yorkshire LS27 8SE2
£96K04/210.98 mi73a, Rydal Drive, Morley, Leeds, West Yorkshire LS27 8SQ2

Local Rents

50 rents from £595/mo to £1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80005/240.06 mi-2
£75005/240.09 miQueen Street, Morley, LS272
£61505/240.11 miCheapside, Morley, Leeds2
£85005/240.13 miProspect Mews Morley Leeds LS27 9EQ2
£85005/240.13 miProspect Mews Morley Leeds LS27 9EQ2
£80001/250.14 mi-2
£72502/240.16 mi-2
£95003/250.17 mi-2
£95003/250.17 mi-2
£59505/240.18 mi-2
£85005/240.21 miFLAT 17 Hanover Court,Albert Road, LS272
£95005/240.21 miAlbert Road, Morley, Leeds, West Yorkshire, LS272
£79505/240.22 miZoar Street Morley Leeds2
£90010/240.22 mi-2
£80005/240.23 miStephenson House, Pullman Court, Morley2
£87512/240.24 mi-2
£82501/250.25 mi-2
£82505/240.26 miZoar Street, Morley, Leeds, LS272
£89505/240.26 miNelson Place, Morley2
£85005/240.26 miSpringfield Lane Morley Leeds2
£80012/240.26 mi-2
£82512/240.3 mi-2
£99501/250.33 mi-2
£75005/240.33 miNew Bank Street, Morley2
£75005/240.37 miCalifornia Mews, Morley, Leeds2
£75005/240.38 miNew Bank Street, Morley, Leeds, West Yorkshire, LS272
£79505/240.38 mi-2
£79505/240.38 miCommercial Street, Leeds, LS272
£87503/240.38 mi-2
£75006/240.39 miPeel Street, Morley, LS272
£77511/240.39 mi-2
£75004/240.4 mi-2
£95005/240.4 mi-2
£90005/240.4 mi-2
£77510/240.4 mi-2
£1,00005/240.4 miCroft House Way, Morley, Leeds, West Yorkshire2
£87503/250.4 mi-2
£85005/240.41 miPeel Street, Morely, Leeds, LS27 8QE2
£85012/240.41 mi-2
£87503/250.41 mi-2
£85005/240.41 miOddfellow Street, Morley, Leeds, LS272
£97509/240.41 mi-2
£77505/240.42 mi8 Milton House, Queen Street, Morley, LS27 9EB2
£79503/240.42 miMilton House, Queen Street, Leeds, West Yorkshire, LS272
£94504/240.43 mi-2
£96506/240.43 mi-2
£99505/240.44 mi-2
£99505/240.44 miPeel Mills, Morley, Leeds, LS272
£89505/240.44 miPeel Street, Morley, Leeds, West Yorkshire, LS272
£90010/230.44 mi-2

Local Area Statistics

Population in LS27

35,679

Population in Leeds

635,166

Town centre distance

4.13 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+29%

Property History

Price changed to £85,000

December 26, 2024

Listed for £90,000

October 17, 2024

Floor Plans

Description

  • Two bedroom second floor duplex apartment +

  • Close proximity to Morley Town Centre & Train Station +

  • Perfect FTB/investment opportunity +

  • Resident permit parking +

  • Open plan living +

SUMMARY
PERFECT FTB/INVESTMENT opportunity, CONVERTED MILL, TWO BEDROOM SECOND FLOOR DUPLEX APARTMENT, situated within close proximity to Morley Town Centre and all the amenities it has to offer, including train station, local parks, shops, bars and restaurants.

DESCRIPTION
Set in a converted mill is this fabulous TWO BEDROOM SECOND FLOOR DUPLEX APARTMENT, situated within close proximity to Morley Town Centre and having great access to motorway links and the White Rose Shopping Centre. The apartment is set over two floors with a open plan living kitchen downstairs and two bedrooms and bathroom upstairs. The apartment also benefits from RESIDENT PERMIT PARKING. DON'T MISS OUT - Call today to arrange your viewing on .

Entrance Hall 
Wooden door to the rear, storage cupboard, stairs leading to the first floor and door leading into the open plan living kitchen.

Living Kitchen 18' 9" x 11' 11" ( 5.71m x 3.63m )
Having a fully fitted kitchen with wall and base mounted units with complementary work surfaces over, incorporating sink and drainer with mixer tap, part tiled walls, integrated electric oven, induction hob, fitted extractor fan, space for a washing machine and fridge freezer. Living area having two uPVC double glazed windows, allowing plenty of natural light in.

First Floor Landing 
Double glazed skylight, loft access and access to both bedrooms and the bathroom.

Bedroom One 14' 5" MAX x 11' 11" ( 4.39m MAX x 3.63m )
Having two double glazed skylights and an electric wall heater.

Bedroom Two 7' 8" x 11' 11" ( 2.34m x 3.63m )
Double glazed skylight, electric wall heater, fire escape door access.

Bathroom 
A three piece bathroom suite comprising of bath with taps, low level flush WC, wash hand basin, part tiled walls.

Exterior 
Resident permit parking space.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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, Morley

0113 519 0441

Next Steps?

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