2 Bed Terraced House, Refurb/BRRR, Leeds, LS11 5HS, £99,950

Oakley Terrace, Leeds, West Yorkshire, LS11 5HS - 6 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~83 m²
+4 photos

ValuationOvervalued

Sold Prices£40K - £135K
Sold Prices/m²£500/m² - £2.1K/m²

 

 

Square Metres

~83.20 m²
Price/m²£1.2K/m²

Value Estimate

£97,674

 

 

End Value (After Refurb)

£107,047

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Refurb Costs

£33,226

Bridging Loan Interest

£2,624

Total Cash In

£68,784

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,047

Mortgage (After Refinance)

£80,285

Mortgage LTV

75%

Cash Released

£5,323

Cash Left In

£63,462

Equity

£26,762

Rent Range

£650 - £2,775

Rent Estimate

£866

Running Costs/mo

£528

Cashflow/mo

£338

Cashflow/yr

£4,059

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £135K, average is £92K. £500/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£124K06/230 mi20, Oakley Terrace, Leeds, West Yorkshire LS11 5HS2
£105K03/210.02 mi12, Oakley Grove, Leeds, West Yorkshire LS11 5HY2
£85K10/210.09 mi63, Garnet Terrace, Leeds, West Yorkshire LS11 5JX2
£110K12/230.09 mi7, Garnet Parade, Leeds, West Yorkshire LS11 5JS2
£90K08/210.11 mi4, Garnet Avenue, Leeds, West Yorkshire LS11 5JR2
£106K02/210.15 mi34, Burton Terrace, Leeds, West Yorkshire LS11 5JH2
£65K02/210.16 mi11, Trentham Grove, Leeds, West Yorkshire LS11 6HT2
£72K03/210.16 mi2, Clovelly Avenue, Leeds, West Yorkshire LS11 6EB2
£79K06/210.18 mi7, Clovelly Grove, Leeds, West Yorkshire LS11 6DZ2
£111K06/230.2 mi11, Linden Mount, Leeds, West Yorkshire LS11 6HD2
£68K03/240.2 mi33, Woodview Mount, Leeds, West Yorkshire LS11 6LG2
£70K11/200.2 mi14, Brompton Mount, Leeds, West Yorkshire LS11 6HY2
£77.5K05/230.2 mi41, Bude Road, Leeds, West Yorkshire LS11 6HX2
£105K01/230.2 mi9, Woodview Terrace, Leeds, West Yorkshire LS11 6LF2
£105K07/230.2 mi11, Woodview Terrace, Leeds, West Yorkshire LS11 6LF2
£92K09/210.22 mi14, Westbourne Mount, Leeds, West Yorkshire LS11 6EH2
£79K06/210.22 mi17, Westbourne Mount, Leeds, West Yorkshire LS11 6EH2
£106K01/240.22 mi16, Brompton Mount, Leeds, West Yorkshire LS11 6HY2
£97K04/240.23 mi25, Longroyd Crescent, Leeds, West Yorkshire LS11 5ES2
£128K01/230.23 mi5, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£40K07/210.23 mi37, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£87K01/210.23 mi32, Longroyd Street, Leeds, West Yorkshire LS11 5EP2
£135K10/230.24 mi8, Fairford Terrace, Leeds, West Yorkshire LS11 5EN2
£115K06/230.24 mi15, Primrose Lane, Leeds, West Yorkshire LS11 5EW2
£77K08/230.24 mi14, Brompton Grove, Leeds, West Yorkshire LS11 6JB2
£84K07/240.25 mi1, Westbourne Avenue, Leeds, West Yorkshire LS11 6EL2
£110K10/230.28 mi10, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£92K11/210.28 mi46, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£110K02/240.28 mi44, Longroyd Grove, Leeds, West Yorkshire LS11 5HQ2
£105K02/210.28 mi47, Longroyd View, Leeds, West Yorkshire LS11 5ET2
£107.8K09/210.29 mi43, Longroyd Grove, Leeds, West Yorkshire LS11 5HF2
£135K10/230.29 mi27, Longroyd Terrace, Leeds, West Yorkshire LS11 5HJ2
£85K04/210.29 mi32, Longroyd Avenue, Leeds, West Yorkshire LS11 5HA2
£134.5K01/230.29 mi50, Longroyd Place, Leeds, West Yorkshire LS11 5HE2
£100K02/210.3 mi23, Cockburn Way, Leeds, West Yorkshire LS11 5NY2
£115K01/240.3 mi17, Cockburn Way, Leeds, West Yorkshire LS11 5NY2
£110K08/230.31 mi15, Burlington Road, Leeds, West Yorkshire LS11 7DR2
£85K07/230.33 mi87, Lodge Lane, Leeds, West Yorkshire LS11 6EP2
£85K07/210.33 mi83, Lodge Lane, Leeds, West Yorkshire LS11 6EP2
£105K02/230.35 mi7, Arthington Terrace, Leeds, West Yorkshire LS10 2NF2
£80K06/230.35 mi19, Harlech Crescent, Leeds, West Yorkshire LS11 7DZ2
£82K04/210.36 mi34, Arthington Grove, Leeds, West Yorkshire LS10 2NE2
£78K07/230.36 mi4, Harlech Avenue, Leeds, West Yorkshire LS11 7DT2
£87K01/210.36 mi2, Harlech Avenue, Leeds, West Yorkshire LS11 7DT2
£85.5K03/230.36 mi2, Sefton Terrace, Leeds, West Yorkshire LS11 6LY2
£100K08/230.36 mi5, Sefton Terrace, Leeds, West Yorkshire LS11 6LY2
£71.5K03/210.37 mi4, Sefton Street, Leeds, West Yorkshire LS11 6NA2
£130K01/210.37 mi38, Maud Avenue, Leeds, West Yorkshire LS11 7DN2
£81K04/240.38 mi2, Low Moor Terrace, Leeds, West Yorkshire LS11 7EF2
£85K04/210.38 mi23, Arthington View, Leeds, West Yorkshire LS10 2ND2

Local Rents

50 rents from £650/mo to £2.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90002/250.03 mi-2
£90003/250.03 mi-2
£1,00001/250.03 mi-2
£1,10001/250.04 mi-2
£85012/240.14 mi-2
£75005/240.14 mi-2
£91005/240.14 mi-2
£72505/240.16 miTrentham Grove, Leeds, West Yorkshire, LS112
£87506/240.16 miTrentham Grove, Leeds, West Yorkshire, LS112
£65005/240.16 mi-2
£75005/240.17 miUpper Woodview Place, Beeston, Leeds, LS112
£65005/240.18 mi-2
£85002/250.19 mi-2
£85004/250.19 mi-2
£82505/240.19 miWoodview Terrace, Leeds, LS112
£82512/240.19 mi-2
£87503/250.19 mi-2
£70002/240.19 mi-2
£80006/240.19 mi-2
£75012/240.19 mi-2
£70006/240.2 miWoodview Terrace, Beeston, Leeds, LS112
£95003/250.2 mi-2
£80006/240.21 miWoodview Terrace, Leeds, LS112
£70005/240.21 mi-2
£99504/240.22 mi-2
£99501/250.22 mi-2
£87505/240.23 miWoodview Road, Leeds2
£85012/240.23 mi-2
£87503/250.24 mi-2
£65005/240.24 mi-2
£99512/240.25 mi-2
£92502/250.25 mi-2
£85005/240.25 miWesbourne Avenue, LS112
£2,77505/240.26 mi-2
£85002/240.26 mi-2
£85001/250.26 mi-2
£80002/250.26 mi-2
£79505/240.28 miLongroyd Grove, Leeds, West Yorkshire, LS112
£69502/240.29 mi-2
£69502/240.29 mi-2
£75012/240.29 mi-2
£85005/240.3 mi-2
£75012/240.3 mi-2
£85005/240.3 mi-2
£84903/250.31 mi-2
£74106/240.33 miHarlech Mount, Beeston, LS112
£85005/240.36 miLongroyd Avenue, Leeds, West Yorkshire, LS112
£79505/240.37 mi-2
£82505/240.37 mi-2
£95002/250.38 mi-2

Local Area Statistics

Population in LS11

34,732

Population in Leeds

635,166

Town centre distance

1.91 miles away

Nearest school

0.20 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £99,950

October 29, 2024

Floor Plans

Description

  • Two double bedrooms +
  • No onward chain +
  • Great investment +
  • Close to Leeds city centre +
  • Three floors plus cellar +
  • Material information availible +

Offered with no onward chain is this two bedroom back to back property. Well maintained but in need of modernisation this would make an ideal project/ investment and is priced to sell so an early viewing is essential to appreciate what is on offer.

Situated within close proximity to motorway links such as the M62 and M1 this makes an attractive purchase for the commuter. Leeds city centre and its wealth of amenities is also easily accessible.

The ground floor comprises of; spacious lounge with double glazed window to the front. The kitchen is fitted with a range of wall and base mounted units with work surfaces over and has access to the cellar.

Moving onto the first floor you will find the master bedroom and the bathroom which consists of; bath/ shower enclosure/ low level flush WC and wash hand basin.

Finally onto the second floor is where you will find the second double bedroom with double glazed windows to the front. Both bedrooms have ample storage for suitable bedroom furniture.

Externally a low maintenance yard offers somewhere to entertain friends and family.

Agent Details

Manning Stainton, Beeston

0113 519 1497

Next Steps?

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