3 Bed Bungalow, Refurb/BRRR, Leeds, LS16 7PG, £375,000

Gainsborough Avenue, Leeds, LS16 7PG - 4 views - 6 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£150K - £705K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£283,376

 

 

End Value (After Refurb)

£367,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£36,800

Bridging Loan Interest

£9,844

Total Cash In

£168,344

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£367,500

Mortgage (After Refinance)

£275,625

Mortgage LTV

75%

Cash Left In

£168,344

Equity

£91,875

Rent Range

£950 - £2,200

Rent Estimate

£1,269

Running Costs/mo

£1,422

Cashflow/mo

£-153

Cashflow/yr

£-1,839

Gross Yield

4%

Local Sold Prices

50 sold prices from £150K to £705K, average is £322.5K. £1.8K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£705K03/210.06 mi557, Otley Road, Leeds, West Yorkshire LS16 7PH3
£350K07/240.07 mi31a, Gainsborough Drive, Leeds, West Yorkshire LS16 7PF3
£310K04/230.08 mi2, Kingsley Road, Leeds, West Yorkshire LS16 7NZ3
£407.5K06/210.09 mi47, Gainsborough Avenue, Leeds, West Yorkshire LS16 7PQ3
£350K01/230.1 mi45, Gainsborough Avenue, Leeds, West Yorkshire LS16 7PQ3
£345K03/210.12 mi49, Gainsborough Drive, Leeds, West Yorkshire LS16 7PE3
£399.5K01/230.12 mi35, Gainsborough Drive, Leeds, West Yorkshire LS16 7PE3
£465K08/210.15 mi5, Holt Avenue, Adel, Leeds, West Yorkshire LS16 8DH3
£246K01/240.15 mi10, Beechwood Court, Leeds, West Yorkshire LS16 7TR3
£398K02/230.16 mi44, Kingsley Avenue, Leeds, West Yorkshire LS16 7PA3
£390K11/200.17 mi10, Kingsley Drive, Leeds, West Yorkshire LS16 7PB3
£355K03/210.17 mi40, Kingsley Drive, Leeds, West Yorkshire LS16 7PB3
£415K01/230.17 mi26, Kingsley Drive, Leeds, West Yorkshire LS16 7PB3
£466K12/200.18 mi1, Holt Gardens, Leeds, West Yorkshire LS16 8HP3
£495K08/230.2 mi33, Church Lane, Adel, Leeds, West Yorkshire LS16 8DQ3
£415K12/200.26 miHighfields, Church Lane, Adel, Leeds, West Yorkshire LS16 8DE3
£300K08/230.29 mi17, Holt Walk, Leeds, West Yorkshire LS16 7QB3
£310K06/210.33 mi4, Holt Park Drive, Leeds, West Yorkshire LS16 7RG3
£315K03/230.36 mi18, Heathfield Walk, Leeds, West Yorkshire LS16 7QQ3
£590K07/240.36 mi33, Broomfield, Adel, Leeds, West Yorkshire LS16 6AE3
£448K02/240.41 mi21, Heathfield, Leeds, West Yorkshire LS16 6AQ3
£510K01/230.43 mi25, The Crescent, Adel, Leeds, West Yorkshire LS16 6AA3
£254K07/240.45 mi4, Kenworthy Rise, Leeds, West Yorkshire LS16 7QW3
£335K01/230.47 mi23, Holt Park Grange, Leeds, West Yorkshire LS16 7RD3
£680K07/230.48 mi36, The Drive, Adel, Leeds, West Yorkshire LS16 6BQ3
£315K03/240.48 mi7, Holt Green, Leeds, West Yorkshire LS16 7QL3
£260K06/230.49 mi12, Kenworthy Gardens, Leeds, West Yorkshire LS16 7QT3
£235K08/210.5 mi35, Holt Park Road, Leeds, West Yorkshire LS16 7QS3
£352K07/230.5 mi34, Holt Park Road, Leeds, West Yorkshire LS16 7QS3
£215K12/210.57 mi49, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£207K02/240.57 mi63, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£230K03/210.58 mi31, Holt Park Crescent, Leeds, West Yorkshire LS16 7SL3
£237.5K06/210.58 mi45, Holt Park Crescent, Leeds, West Yorkshire LS16 7SL3
£230K02/210.58 mi43, Holt Park Crescent, Leeds, West Yorkshire LS16 7SL3
£241K12/230.58 mi39, Holt Park Crescent, Leeds, West Yorkshire LS16 7SL3
£220K07/230.58 mi9b, Raynel Gardens, Leeds, West Yorkshire LS16 6BW3
£230K09/210.6 mi77, Farrar Lane, Leeds, West Yorkshire LS16 6BN3
£330K06/210.62 mi5, Eddison Walk, Leeds, West Yorkshire LS16 8DA3
£385K08/230.62 mi11, Eddison Walk, Leeds, West Yorkshire LS16 8DA3
£435K05/230.62 mi21, Eddison Walk, Leeds, West Yorkshire LS16 8DA3
£150K11/200.63 mi57, Wayland Approach, Leeds, West Yorkshire LS16 8JF3
£150K11/200.63 mi57, Wayland Approach, Leeds, West Yorkshire LS16 8JF3
£360K09/230.65 mi3, East Causeway Close, Adel, Leeds, West Yorkshire LS16 8LN3
£250K02/210.65 mi5, Holt Park Grove, Leeds, West Yorkshire LS16 7SW3
£259K10/210.65 mi10, Holt Park Grove, Leeds, West Yorkshire LS16 7SW3
£157K02/210.66 mi17, Raynel Mount, Leeds, West Yorkshire LS16 6BR3
£265K08/230.66 mi49, Raynel Way, Leeds, West Yorkshire LS16 6JX3
£200K09/210.66 mi47, Raynel Way, Leeds, West Yorkshire LS16 6JX3
£214K05/230.68 mi17, Raynel Green, Leeds, West Yorkshire LS16 6BT3
£335K12/200.69 mi16, East Causeway Crescent, Adel, Leeds, West Yorkshire LS16 8LW3

Local Rents

23 rents from £950/mo to £2.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,35005/240.38 miBroomfield, Leeds3
£1,30001/250.45 mi-3
£95012/240.49 mi-3
£1,35010/230.54 mi-3
£1,35001/250.54 mi-3
£1,30003/240.56 mi-3
£1,00005/240.58 miRaynel Gardens, Adel, Leeds3
£2,20006/240.66 miSt. Helens Lane, Leeds, West Yorkshire, LS163
£2,20006/240.66 miSt. Helens Lane, Leeds, West Yorkshire, LS163
£1,09005/240.69 miLong Causeway, Adel3
£1,00005/240.75 miRaynel Way, Adel, Leeds3
£97505/240.89 miHoltdale Close, Leeds, West Yorkshire3
£1,10005/240.94 miIveson Rise, Ireland Wood, Leeds3
£1,50005/241.04 miTinshill Road, Leeds, West Yorkshire, LS163
£1,02511/241.07 mi-3
£1,10005/241.1 miTinshill Mount, Leeds, West Yorkshire, LS163
£1,25009/231.11 mi-3
£1,50003/251.12 mi-3
£1,20002/251.16 mi-3
£95005/241.17 miIveson Drive, Leeds, West Yorkshire3
£1,10005/241.22 miParkstone Mount, Leeds, LS163
£99505/241.22 miFoxhill Court, Weetwood3
£1,40004/251.23 mi-3

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

4.17 miles away

Nearest school

0.60 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £375,000

December 26, 2024

Listed for £400,000

October 23, 2024

Floor Plans

Description

  • GUIDE PRICE £375,000 - £400,000* +
  • Three Bedroom Detached Bungalow +
  • Generous Rear Garden +
  • OFFERED WITH NO CHAIN +
  • In Need of Modernisation +
  • Driveway & Garage +

SUMMARY
*GUIDE PRICE £375,000 - £400,000** Offered with NO ONWARD CHAIN is this fabulous opportunity to acquire this three bedroom detached bungalow in a popular residential area - in need of modernisation however has bags of potential! DRIVEWAY & GARAGE! Generous rear garden. Internal viewing is a must

DESCRIPTION
This detached bungalow has been a loving family home for many years and is no offered with NO ONWARD CHAIN - it is in need of some modernisation however would make a fabulous home for someone. The property itself offers spacious, versatile accommodation throughout and briefly comprises; Entrance porch, hallway, lounge, dining room, fitted kitchen with utility area, two bedrooms and bathroom to the ground floor. The first floor offers two further bedrooms.
The property benefits from a driveway and garage providing ample off street parking and storage. Generous rear garden provides scope to extend. Internal viewing is highly recommended to appreciate the accommodation on offer.

Gainsborough Avenue 

Entrance Porch 
Door to the front with tiled flooring and internal door to the inner hallway

Entrance Hall 
A spacious hallway with useful storage cupboard and stairs up to the first floor

Lounge 11' 5" x 9' 10" ( 3.48m x 3.00m )
A spacious lounge with gas fireplace, radiator and window to the front

Dining Room 11' 5" x 7' ( 3.48m x 2.13m )
A versatile second reception room with useful understair storage and window to the front

Kitchen Diner  9' 11" x 9' 10" ( 3.02m x 3.00m )
The kitchen provides a range of wall and base units with sink and drainer unit, space for fridge freezer, laminate tops, window and door to the side and ample space for dining table and chairs.
There is also a useful walk in pantry for extra storage, and a utility area with space for washing machine and tumble dryer.

Bedroom One 10' x 9' 11" ( 3.05m x 3.02m )
A good sized double bedroom to the ground floor with radiator and window to the rear overlooking the garden

Bathroom 6' 11" x 7' ( 2.11m x 2.13m )
The bathroom comprises; Bath with shower over, low flush wc, pedestal wash basin, vinyl flooring, radiator and window to the rear

First Floor 

Landing 
Ample storage cupboards

Bedroom Two 8' 7" x 7' 11" ( 2.62m x 2.41m )
Another good sized bedroom with integrated wardrobes and window to the rear with views over the garden

Bedroom Three 8' 7" x 7' 11" ( 2.62m x 2.41m )
Useful integrated wardrobes and window to the rear

Outside 
A gated driveway provides ample off street parking, the property also benefits from a detached garage to the rear which is ideal for storage.

There is a mature hedge border to the front providing a degree of privacy and a garden laid to lawn.
The rear garden is of a generous size mainly laid to lawn with mature borders making this a lovely space for entertaining and families.

Agents Note  
It is our understanding that the Property is not registered at the Land Registry which is the case with a significant proportion of land across England and Wales. Your conveyancer will take the necessary steps and advise you accordingly

Planning Permission 
Planning permission has been granted for rear and side extension - more information can be found on the government planning portal

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, Horsforth

0113 519 0637

Next Steps?

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