2 Bed Flat, Single Let, Leeds, LS9 7DR, £140,000

Mabgate, Leeds, LS9 7DR - 3 views - 6 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£175,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£775 - £3,000

Rent Estimate

£895

Running Costs/mo

£637

Cashflow/mo

£259

Cashflow/yr

£3,102

ROI

8%

Gross Yield

8%

Local Sold Prices

39 sold prices from £80K to £400K, average is £190K. £1.1K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K03/210.38 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.38 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.38 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.38 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£80K12/220.47 mi23, Shakespeare Grange, Leeds, West Yorkshire LS9 7UA2
£170K04/210.51 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£80K06/230.52 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£178K02/230.58 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.58 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.58 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.58 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£115K12/220.61 mi35, Carlton Rise, Leeds, West Yorkshire LS7 1HH2
£207.8K05/210.61 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£192K01/210.62 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.62 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£255K10/220.63 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.63 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.63 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.63 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.63 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.63 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£234.7K01/240.65 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£255K07/240.71 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.71 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.71 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.71 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£190K01/230.75 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£170K10/230.78 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£160K11/200.78 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.78 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£400K05/210.79 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£150K09/220.79 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.8 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K06/230.82 mi1c, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£250K07/210.82 mi5, Blenheim Square, Leeds, West Yorkshire LS2 9AR2
£115K01/230.87 mi4, Conway Mount, Leeds, West Yorkshire LS8 5HZ2
£229.9K07/230.9 mi36, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£170K08/210.9 mi29, Dene House Court, Leeds, West Yorkshire LS2 9BS2
£190K02/230.9 mi40, Dene House Court, Leeds, West Yorkshire LS2 9BS2

Local Rents

50 rents from £775/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99505/240 miFlat 8 Mertensia House, 77A Mabgate, Leeds2
£90004/250.04 mi-2
£99505/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£1,05005/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£99506/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£99506/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.05 miSkinner Lane, Leeds, West Yorkshire, LS72
£95005/240.06 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£99506/240.07 miSkinner Lane, Leeds, West Yorkshire, LS72
£99505/240.08 miSkinner Lane, Leeds, West Yorkshire, LS72
£89506/240.08 miSkinner Lane, Leeds, West Yorkshire, LS72
£97503/250.08 mi-2
£1,00012/240.08 miByron Street, Leeds2
£1,00012/240.08 miMillwright, Byron Street, Leeds, West Yorkshire, LS22
£1,00005/240.08 mi-2
£1,15012/240.08 miByron Street, Leeds, West Yorkshire, LS22
£77512/240.11 miCitispace, Regent Street Leeds City Centre, Leeds2
£1,20002/250.11 mi-2
£1,20012/240.11 miConcord Street, West Yorkshire, LS22
£2,80005/240.12 mi-2
£99505/240.12 miMabgate, Leeds, West Yorkshire, UK, LS92
£89505/240.12 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£89505/240.12 miSkinner Lane, Leeds, West Yorkshire, UK, LS72
£89505/240.12 miConcord Street, Concord Street, LS22
£1,40012/240.12 mi-2
£1,25005/240.13 miLeylands House, 56 Mabgate, Leeds, LS92
£1,90012/240.13 mi-2
£1,65004/250.13 mi-2
£1,90005/240.13 miLeylands House, Leeds, LS92
£1,05005/240.13 miMillwright Apartments2
£1,20012/240.13 mi-2
£1,20005/240.13 miMabgate House, Leeds, LS92
£1,30006/240.13 miMabgate House, Leeds, LS9 7DY2
£2,00004/250.14 mi-2
£2,25012/240.14 mi-2
£2,25002/250.14 mi-2
£1,99504/250.14 mi-2
£1,00004/250.15 mi-2
£95003/250.16 mi-2
£1,07512/240.16 mi-2
£1,00003/250.16 mi-2
£1,05003/240.18 miConcord Street2
£1,00005/240.18 miConcord Street, LS22
£1,00005/240.18 miConcord Street, LEEDS2
£1,00005/240.18 miConcord Street, Leeds, West Yorkshire, LS22
£3,00004/250.18 mi-2
£99504/250.18 mi-2
£95003/240.18 miSkinner Lane, Leeds, West Yorkshire, LS72

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £140,000

October 30, 2024

Floor Plans

Description

  • Two bedroom apartment +
  • Situated on the ground floor +
  • Converted warehouse +
  • Open plan living kitchen +
  • Two double bedrooms +
  • Master bedroom with en-suite +
  • Convenient central location +
  • Walking distance to Leeds City Centre +

Yopa bring to the market this spacious two bedroom ground floor apartment, located close to Leeds City Centre. Sure to appeal to both first time buyers and investors, book your viewing to avoid disappointment. Secure intercom entry system. The property comprises; entrance hallway, open plan living kitchen, double bedroom with en-suite, double bedroom and house bathroom.  Double glazing and electric heating throughout. Situated just a short walk from the bustling heart of Leeds City Centre, with its array of shops, restaurants, and cultural attraction.  With excellent transport links, this property is ideal for city professionals or astute investors looking to capitalize on a thriving rental market. EPC band: D Council Tax Band: B Lease 99 years from 2004 Service and ground rent £1089.34 half yearly Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Midlands & Yorkshire

024 7542 9233

Next Steps?

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