2 Bed Flat, Single Let, Leeds, LS12 2EW, £73,000

Artist Street, Leeds, LS12 2EW - 4 views - 5 months ago

Leasehold
Auction
BTL
ROI: 28%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£60K - £300K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£90,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,250

Stamp Duty & Legal Fees

£3,360

Total Cash In

£21,610

 

 

Cash Out

 

Rent Range

£750 - £2,450

Rent Estimate

£929

Running Costs/mo

£434

Cashflow/mo

£495

Cashflow/yr

£5,941

ROI

27%

Gross Yield

15%

Local Sold Prices

50 sold prices from £60K to £300K, average is £176.8K. £1.5K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£165K03/230.28 miFlat 44, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£188K11/220.33 miFlat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£171K12/230.34 miBonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£235K10/220.34 miFlat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£140K04/230.34 miFlat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£172.5K06/210.34 miFlat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£242K07/230.34 miFlat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£177.5K04/230.36 miFlat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£172K04/210.36 miFlat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169K12/210.36 miFlat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£270K02/210.37 miFlat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£194.5K03/230.37 miFlat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£280K05/210.37 miFlat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£175K04/210.38 miFlat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.38 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169.9K02/210.38 miFlat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£170K12/220.38 miFlat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£225K01/230.38 miFlat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£185.5K04/210.38 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£176K06/210.39 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.39 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.39 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£190K02/230.39 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£300K09/230.4 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.4 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.4 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.4 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.4 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.4 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£220K11/220.41 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£145K07/230.43 mi9, Kendal Walk, Leeds, West Yorkshire LS3 1NP2
£270K02/230.44 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£83K11/200.55 mi10, Masham Grove, Leeds, West Yorkshire LS12 1QT2
£125K10/200.64 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£125K10/200.64 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£96.5K08/210.67 mi26, Tavistock Park, Leeds, West Yorkshire LS12 4DD2
£95K10/210.67 mi8, Tavistock Park, Leeds, West Yorkshire LS12 4DD2
£114K11/220.7 mi17, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ2
£105K12/220.71 mi19, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ2
£120K06/230.72 mi22, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£97.5K03/210.72 mi26, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£120K11/230.72 mi24, Tavistock Close, Leeds, West Yorkshire LS12 4DJ2
£210K08/220.77 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.77 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.77 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.77 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.77 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.77 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£204K02/230.83 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£60K09/220.87 mi17, Hardrow Road, Leeds, West Yorkshire LS12 4BX2

Local Rents

50 rents from £750/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£75005/240.03 miMeridian House, Artist Street, Leeds, West Yorkshire, LS122
£75003/240.03 miMeridian House, Artist Street, Leeds, West Yorkshire, LS122
£1,30005/240.11 mi-2
£1,19501/240.12 mi-2
£1,23502/250.12 mi-2
£1,90005/240.12 mi-2
£1,20002/250.12 mi-2
£1,20001/250.15 mi-2
£2,00005/240.27 miWhitehall Road, Leeds, West Yorkshire, LS122
£1,29505/240.27 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£2,00005/240.27 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£1,29505/240.27 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£1,90006/240.27 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS122
£2,45006/240.29 mi-2
£1,10006/240.29 miSantorini, Leeds, LS122
£1,10012/240.29 mi-2
£1,39505/240.29 miCatalina, Gotts Road, Leeds2
£1,53006/240.3 miThe Junction, Holbeck Place, Whitehall, Leeds, West Yorkshire, LS122
£1,20005/240.31 miGotts Road, Leeds, West Yorkshire, LS122
£1,12503/240.31 miGotts Road, Leeds, West Yorkshire, LS122
£1,26505/240.31 miGotts Road, Leeds, West Yorkshire, LS122
£1,38006/240.31 miAruba, Gotts Road, Leeds City Centre, LS122
£1,20005/240.31 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.31 miAruba, Gotts Road, Leeds City Centre, LS122
£1,17505/240.31 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.31 miAruba, Gotts Road, Leeds City Centre, LS122
£92005/240.32 mi25 Catalina2
£1,28005/240.32 miGotts Road, Leeds, West Yorkshire, LS122
£1,30506/240.32 miGotts Road, Leeds, West Yorkshire, LS122
£1,28005/240.32 miMontague, Gotts Road, Leeds City Centre2
£1,37505/240.32 miMontague, Gotts Road, Leeds City Centre, LS122
£1,09505/240.32 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.32 miMontague, Gotts Road, Leeds City Centre, LS122
£1,25005/240.32 miMontague, Gotts Road, Leeds City Centre, LS122
£1,13505/240.32 miMontague, Gotts Road, Leeds City Centre2
£1,28005/240.32 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.32 miMontague, Gotts Road, Leeds, LS122
£1,54005/240.33 miSignal Apartments, The Junction, Whitehall, Leeds, West Yorkshire, LS122
£1,47005/240.33 miSignal Apartments, The Junction, Whitehall , Leeds, West Yorkshire, LS122
£1,45505/240.33 miThe Junction, Whitehall, Leeds, West Yorkshire, LS122
£1,47006/240.33 miThe Junction, Whitehall, Leeds, West Yorkshire, LS122
£1,30505/240.33 miWaterside Apartments, Leeds, LS122
£1,20505/240.33 miWaterside Apartments, Leeds, LS122
£1,20505/240.33 miWaterside Apartments, Leeds, LS122
£1,20505/240.33 miWaterside Apartments, Leeds, LS122
£1,20505/240.33 miWaterside Apartments, Leeds, LS122
£1,30505/240.33 miWaterside Apartments, Leeds, LS122
£1,25505/240.33 miWaterside Apartments, Leeds, LS122
£1,30505/240.33 miWaterside Apartments, Leeds, LS122
£1,30505/240.33 miWaterside Apartments, Leeds, LS122

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

0.65 miles away

Nearest school

0.40 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £73,000

February 20, 2025

Listed for £72,000

October 25, 2024

Floor Plans

Description

  • For Sale Via Public Auction +
  • Two Bedroom Apartment +
  • Car Parking +
  • Modern Bathroom and Kitchen +
  • Close to City Centre +
  • Fantastic Transport Links +

This stylish two-bedroom apartment in LS2 offers a fantastic opportunity for urban living, just a stone’s throw from Leeds City Centre. The apartment features a spacious living area, perfect for relaxation or entertaining guests. Both double bedrooms are generously sized, providing comfortable spaces for rest or work. The family bathroom is well-appointed and designed for convenience.

Situated near the popular Galleria restaurant, you'll have a variety of dining options right at your doorstep. For those who enjoy the outdoors, the Leeds Liverpool Canal is also nearby, offering scenic walks and cycling paths.

This property is being sold via auction, making it an exciting opportunity for investors or first-time buyers looking to make their mark in a vibrant area. Don’t miss your chance to secure this modern apartment in a prime location!

For sale by public auction at The DoubleTree by Hilton, Etruria Hall Festival Way, Staffordshire, ST1 5BQ on Monday 20th January 2025 at 6.30pm. We also offer remote bidding via internet, telephone or proxy. To register to bid on this Lot, or to download the Legal Pack - please see the Butters John Bee website or call the auction team direct.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee
A buyer’s administration fee of £1,800 inc VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date

Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor’s solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them

Viewings
To view this lot, please contact the selling office

Bidding
Please contact our auction department direct on for further information or email . Further details are available in the catalogue -
Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Reserve
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction

Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction

Agent Details

haart, Leeds

0113 320 6243

Next Steps?

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