2 Bed Flat, Planning Permission, Leeds, LS16 5PL, £155,000

4 Foxhill Court, Leeds, West Yorkshire, LS16 5PL - 5 views - 6 months ago

Sold STC
Leasehold
Planning
ROI: 5%
59 m²
+7 photos

ValuationOvervalued

Sold Prices£115K - £240K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

59 m²
Price/m²£2.6K/m²

Value Estimate

£149,638

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Total Cash In

£44,600

 

 

Cash Out

 

Rent Range

£875 - £1,300

Rent Estimate

£880

Running Costs/mo

£680

Cashflow/mo

£200

Cashflow/yr

£2,396

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £115K to £240K, average is £170.5K. £1.8K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£185K05/230.02 mi44, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£163K01/210.02 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£171K04/240.02 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£165K03/240.03 mi12, Foxhill Court, Leeds, West Yorkshire LS16 5PL2
£230K06/210.38 mi7, Glendower Park, Adel, Leeds, West Yorkshire LS16 8HA2
£158K01/210.42 mi11, Grange Wood Court, Leeds, West Yorkshire LS16 6ED2
£175K12/230.44 mi299, Otley Road, Leeds, West Yorkshire LS16 6EY2
£138K09/210.48 mi28, Weetwood House Court, Leeds, West Yorkshire LS16 5AF2
£175K02/230.55 mi42, Long Causeway, Adel, Leeds, West Yorkshire LS16 8EQ2
£165K12/210.56 mi17, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£182.5K03/210.56 mi18, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£149.5K07/210.6 mi19, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£140K07/210.6 mi44, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£136K10/200.6 mi34, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£152K11/230.6 mi49, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£170K10/220.6 mi24, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£160K03/210.65 miFlat 11, Arncliffe Court, Arncliffe Road, Leeds, West Yorkshire LS16 5JE2
£210K11/230.71 mi93, Carisbrooke Road, Leeds, West Yorkshire LS16 5RX2
£180K11/220.73 mi1, Caraway Court, Meanwood, Leeds, West Yorkshire LS6 4RY2
£240K11/220.76 mi56, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£222.5K11/220.76 mi43, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£184K09/230.76 mi21, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG2
£208K03/230.76 mi3, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG2
£160K11/230.76 mi26, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£135K11/200.76 mi54, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£150K06/240.76 mi30, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£148.5K12/230.76 mi16, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£130K09/230.76 mi56, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£218K09/220.76 mi2, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG2
£198.5K03/230.76 mi18 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£183K05/210.76 mi2 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£190K07/230.76 mi13 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£139K07/210.76 mi371, Otley Road, Leeds, West Yorkshire LS16 6AL2
£115K03/210.76 mi397, Otley Road, Leeds, West Yorkshire LS16 6AL2
£144K05/230.76 mi389, Otley Road, Leeds, West Yorkshire LS16 6AL2
£187K10/200.76 mi14, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£211K02/240.76 mi31, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£207.5K08/230.76 mi52, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£182.5K02/210.76 mi72, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£220K06/210.76 mi31, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£165K03/210.77 miFlat 2, Lime Tree Court, West Park Drive, Leeds, West Yorkshire LS16 5BL2
£235K10/220.78 mi6, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG2
£145K07/230.79 miFlat 45, Orchard Court, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£131.5K01/240.79 miOrchard Court, Flat 25, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£140K04/230.79 miFlat 5, Orchard Court, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£184K11/200.79 mi8 Hollin Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5LZ2
£182K10/230.79 mi15, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW2
£148K10/200.79 mi8, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW2
£168K02/210.79 mi5, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW2
£190K09/230.79 mi3, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW2

Local Rents

25 rents from £875/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89505/240.02 miFoxhill Court, Weetwood2
£88405/240.03 miFoxhill Court, Weetwood, Leeds, LS162
£89505/240.03 miFoxhill Court, LEEDS2
£97505/240.04 mi-2
£99502/250.04 mi-2
£97505/240.04 mi-2
£1,22505/240.23 miQuarry Dene, Weetwood, Leeds, LS162
£1,17505/240.27 miQuarry Dene, Weetwood, Leeds, LS162
£1,10005/240.27 miQuarry Dene, Weetwood, Leeds, LS162
£1,20005/240.36 miBeech House, Bardon Gardens, Weetwood Lane, Leeds, LS16 5TZ2
£1,30006/240.37 miThe Hollies, Weetwood Lane, Weetwood, Leeds, LS162
£1,00005/240.4 mi-2
£1,19505/240.41 mi-2
£98001/250.43 mi-2
£99505/240.43 miAdel Grange Mews, Adel, Leeds, West Yorkshire2
£1,10003/250.45 mi-2
£94506/240.47 miWeetwood House Court, Weetwood, Leeds, LS162
£1,05005/240.55 miDunstarn Court, Leeds, West Yorkshire, UK, LS162
£87502/240.56 mi-2
£1,20005/240.57 miWoodlands Grove, Adel, Leeds, West Yorkshire.2
£1,10006/240.59 mi1 Kepstorn Court2
£1,25004/240.6 mi-2
£1,25003/250.6 mi-2
£1,30012/240.6 mi-2
£1,30005/240.6 miWelburn Drive, Leeds, LS162

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

2.95 miles away

Nearest school

0.20 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £155,000

October 21, 2024

Sold for £36,000

1997

Floor Plans

Description

A TWO BED FIRST FLOOR FLAT forming part of a very popular purpose built development in Weetwood. Leasehold: 999 years from 1961. Service Charge: £1200 for 2024. Ground Rent: NIL. Buildings Insurance: £441.86 for 2024. Council Tax Band B.

GENERAL
Presented to the market with the benefit of NO ONWARD CHAIN, this desirable first floor apartment is one of only four in the development of this particular type having a private entrance and a walk-on balcony area. The property has been successful rented out for a number of years, so may appeal to another investor, but will no doubt be an attractive first time buyer purchase. Already benefiting from gas central heating, uPVC double glazing and a garage (en bloc), this particular flat is accessed via an external staircase. In brief, the property comprises: private entrance lobby with a store cupboard, open plan living room with a dining area, separate kitchen, two double bedrooms and a bathroom with over bath shower. Foxhill Court is a very popular development just off Weetwood Lane, surrounded by trees and open spaces. There is a large maintained grass area within the development for residents and their visitors to enjoy. This is a great opportunity to purchase a well-proportioned flat in a very desirable area. EARLY VIEWING RECOMMENDED.

AREA & DEVELOPMENT
Weetwood is a highly sought after suburb in north Leeds, located approximately 4 miles out of the city centre, and popular with young professionals and families alike. The development is a short drive of Far Headingley, with a range of local independent shops, restaurants and pubs. The Ring Road is easy to access for routes to Horsforth, Bradford, Harrogate etc, as too is Leeds Beckett University campus. The open spaces of The Hollies, Meanwood Park and Beckett Park are close by; and Leeds Bradford airport is a 20-minute drive away.

ENTRANCE LOBBY
With the benefit of a cloaks cupboard which houses the gas meter and electric consumer unit, and leading to…

LIVING ROOM/DINING AREA
A welcoming dual aspect reception room with a carpeted floor and sliding doors to a walk-on balcony area. There is ample floor space for lounge and dining furniture if desired. Leading to…

KITCHEN
This room is semi open plan to the dining area, with a sliding door to close off if required. The kitchen is fitted with a range of wall and base units, together with complementary worksurfaces and splash tiling. There is an integrated electric oven and gas hob, with, with under counter space for a fridge. A Gloworm gas boiler is wall mounted in this room.

BEDROOM ONE (DOUBLE)
This is a generous double bedroom spanning the width of the property, with a carpeted floor and ample floor space for bedroom furniture.

BEDROOM TWO (SMALL DOUBLE)
A smaller double bedroom with a carpeted floor and fitted wardrobes.

BATHROOM
Comprising a panelled bath with over bath shower, a low level WC and a pedestal washbasin. The walls around the bath are tiled and this room benefits from a window fitted with privacy glass.

OUTSIDE
The development is set in well-maintained communal gardens. There is ample on-site parking and this flat benefits from a garage en bloc.

MATERIAL INFORMATION:
TENURE Leasehold for a term of 999 years from 1961.

SERVICE CHARGE
Our seller informs us that the service charge for 2024 is £1200.

GROUND RENT
NIL

BUILDINGS INSURANCE
We are informed the charge for 2024 is £441.86.

SERVICES
The property has mains gas, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.

BROADBAND/MOBILE SIGNAL & COVERAGE BROADBAND is available in this area / MOBILE SIGNAL & COVERAGE is available in this area.

FLOOD RISK & PLANNING PERMISSION
FLOOD RISK – not known to be an issue / PLANNING PERMISSION – none in the immediate area.

COUNCIL TAX BAND B

Agent Details

Linley & Simpson, North Leeds

01334 237513

Next Steps?

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