3 Bed Terraced House, Refurb/BRRR, Leeds, LS7 3LW, £245,000

81 Potternewton Lane, Leeds, West Yorkshire, LS7 3LW - 4 views - 6 months ago

Sold STC
Refurb/BRRR
100 m²
+4 photos

ValuationFair Value

Sold Prices£200K - £515K
Sold Prices/m²£2.4K/m² - £7.2K/m²

 

 

Square Metres

100 m²
Price/m²£2.5K/m²

Value Estimate

£245,000

 

 

End Value (After Refurb)

£313,131

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Refurb Costs

£39,570

Bridging Loan Interest

£6,431

Total Cash In

£117,551

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£313,131

Mortgage (After Refinance)

£234,848

Mortgage LTV

75%

Cash Released

£51,098

Cash Left In

£66,453

Equity

£78,283

Rent Range

£825 - £3,000

Rent Estimate

£1,268

Running Costs/mo

£1,252

Cashflow/mo

£16

Cashflow/yr

£190

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £515K, average is £285K. £2.4K/m² to £7.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£325K01/240.02 mi89, Potternewton Lane, Leeds, West Yorkshire LS7 3LW3
£287.1K10/210.03 mi45, Manor Grove, Leeds, West Yorkshire LS7 3LS3
£220K04/210.03 mi10, Manor Grove, Leeds, West Yorkshire LS7 3LS3
£200K12/200.03 mi26, Manor Grove, Leeds, West Yorkshire LS7 3LS3
£260K02/210.05 mi13, Methley View, Leeds, West Yorkshire LS7 3NH3
£310K02/230.05 mi16, Methley View, Leeds, West Yorkshire LS7 3NH3
£230K03/230.06 mi4, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£230K02/210.06 mi61, St Martins Road, Leeds, West Yorkshire LS7 3LU3
£275K03/210.06 mi4, Methley View, Leeds, West Yorkshire LS7 3NH3
£365K10/230.06 mi19, Methley View, Leeds, West Yorkshire LS7 3NH3
£330K04/240.06 mi4, Methley View, Leeds, West Yorkshire LS7 3NH3
£325K06/240.06 mi20, Methley View, Leeds, West Yorkshire LS7 3NH3
£312.5K02/230.07 mi6, Methley View, Leeds, West Yorkshire LS7 3NH3
£255.5K02/230.07 mi12, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£256.5K12/200.08 mi13, Methley Lane, Leeds, West Yorkshire LS7 3NF3
£270K08/230.08 mi17, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£330K07/230.08 mi21, Methley Lane, Leeds, West Yorkshire LS7 3NF3
£250K09/230.08 mi19, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£256.5K12/200.08 mi13, Methley Lane, Leeds, West Yorkshire LS7 3NF3
£232.8K12/210.08 mi9, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£338.5K07/230.08 mi15, Methley Lane, Leeds, West Yorkshire LS7 3NF3
£242.8K10/200.08 mi23, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£230K02/210.08 mi5, Methley Lane, Leeds, West Yorkshire LS7 3NF3
£320K11/230.08 mi26, Methley Terrace, Leeds, West Yorkshire LS7 3NL3
£285K02/230.08 mi19, Methley Mount, Leeds, West Yorkshire LS7 3NG3
£275K11/200.08 mi9, Methley Mount, Leeds, West Yorkshire LS7 3NG3
£240K04/210.09 mi26, St Martins Drive, Leeds, West Yorkshire LS7 3LR3
£269K08/240.11 mi10, Methley Place, Leeds, West Yorkshire LS7 3NN3
£291.5K02/230.11 mi4, Methley Place, Leeds, West Yorkshire LS7 3NN3
£366K02/230.11 mi6, St Martins Grove, Leeds, West Yorkshire LS7 3LJ3
£335K07/230.11 mi22, Methley Drive, Leeds, West Yorkshire LS7 3NE3
£400K11/230.13 mi19, St Martins Crescent, Leeds, West Yorkshire LS7 3LH3
£365K04/230.13 mi22, St Martins Grove, Leeds, West Yorkshire LS7 3LJ3
£248K09/210.14 mi100, Potternewton Lane, Leeds, West Yorkshire LS7 3DH3
£325.5K06/230.14 mi3, Henconner Lane, Chapel Allerton, Leeds, West Yorkshire LS7 3DJ3
£265K07/230.14 mi52, Riviera Gardens, Leeds, West Yorkshire LS7 3DW3
£223.5K12/220.14 mi39, Riviera Gardens, Leeds, West Yorkshire LS7 3DW3
£235K06/210.14 mi45, Riviera Gardens, Leeds, West Yorkshire LS7 3DW3
£255K03/210.14 mi20, Riviera Gardens, Leeds, West Yorkshire LS7 3DW3
£255K11/230.15 mi129, Potternewton Lane, Leeds, West Yorkshire LS7 3DF3
£300.5K02/210.15 mi21, Methley Grove, Leeds, West Yorkshire LS7 3PA3
£335K05/240.15 mi31, Methley Grove, Leeds, West Yorkshire LS7 3PA3
£330K12/220.15 mi29, Methley Grove, Leeds, West Yorkshire LS7 3PA3
£321K12/210.17 mi26, St Martins Avenue, Leeds, West Yorkshire LS7 3LG3
£282.1K03/210.17 mi46, St Martins Avenue, Leeds, West Yorkshire LS7 3LG3
£285K05/230.17 mi18, Granton Road, Leeds, West Yorkshire LS7 3LZ3
£385K10/230.21 mi46, St Martins View, Leeds, West Yorkshire LS7 3LB3
£287K03/210.21 mi44, St Martins View, Leeds, West Yorkshire LS7 3LB3
£340K04/230.22 mi11, Henconner Grove, Leeds, West Yorkshire LS7 3NP3
£515K01/220.22 mi54a, Henconner Lane, Chapel Allerton, Leeds, West Yorkshire LS7 3NX3

Local Rents

45 rents from £825/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05005/240.07 miMethley Place, Leeds3
£1,05006/240.07 miMethley Place, Leeds3
£1,20001/250.07 mi-3
£89505/240.1 miUnion Terrace, Leeds, West Yorkshire, LS73
£1,30005/240.14 miRiviera Gardens, Chapel Allerton, Leeds, LS73
£1,25005/240.15 miSt. Martins Grove, Leeds, West Yorkshire, UK, LS73
£1,39505/240.19 miIvy House, Church Lane Chapel Allerton, Leeds3
£1,25005/240.19 miHollybank Apartments, Chapel Allerton, Leeds3
£1,50012/240.2 mi-3
£1,50006/240.2 miCalgary Place, Leeds, LS73
£1,50005/240.28 miSt. Martins Gardens, Leeds, West Yorkshire, LS73
£1,10005/240.28 miSt. Martins Gardens, LEEDS3
£1,10002/250.29 mi-3
£3,00002/250.3 mi-3
£3,00002/250.3 mi-3
£1,35005/240.31 miStainbeck Lane,Leeds,LS73
£1,23506/240.31 miNorth Grove, Stainbeck Lane, Chapel Allerton, LS7 3PJ3
£99505/240.31 miPelham Place, Chapel Allerton, Leeds, LS7 3QZ3
£1,47505/240.33 miWensley Avenue, Leeds, West Yorkshire, UK, LS73
£1,15005/240.34 miScott Hall Road, Leeds, LS73
£1,15005/240.34 mi-3
£99504/250.34 mi-3
£1,65005/240.37 miCharnley Drive, Chapel Allerton, Leeds, LS73
£1,25005/240.42 mi16 Harehills Lane, Chapel Allerton, Leeds3
£1,25005/240.43 miRoxholme Grove Leeds LS7 4JJ3
£1,25006/240.43 miRoxholme Grove Leeds LS7 4JJ3
£1,33505/240.43 miThe Hall, Allerton Hill, Chapel Allerton, Leeds, West Yorkshire, LS73
£1,35003/250.45 mi-3
£1,25005/240.46 miVictoria Street, Leeds3
£99512/240.47 mi-3
£1,39505/240.47 mi-3
£1,39512/240.47 mi-3
£1,45005/240.49 mi-3
£1,45005/240.49 miNewton Park Drive, Leeds, LS73
£1,25005/240.51 miRoxholme Place, Chapel Allerton, Leeds, West Yorkshire, LS73
£1,20003/240.53 miPasture Parade, Leeds, West Yorkshire, LS73
£1,50005/240.54 miPasture Crescent, Leeds, West Yorkshire, LS73
£1,45006/240.54 miPasture Crescent, Leeds, West Yorkshire, LS73
£1,19505/240.54 miWood Lane, Chapel Allerton, Leeds3
£82505/240.54 miMexborough Grove, Leeds 73
£1,15005/240.55 miMiles Hill Crescent, Leeds, West Yorkshire, LS73
£1,35001/250.55 mi-3
£1,15005/240.58 miPotternewton Crescent, Leeds, LS73
£1,20004/250.58 mi-3
£1,10005/240.58 miMiles Hill Crescent, Leeds, West Yorkshire, LS73

Local Area Statistics

Population in LS7

29,112

Population in Leeds

635,166

Town centre distance

1.80 miles away

Nearest school

0.10 miles away

Nearest train station

1.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £245,000

October 31, 2024

Sold for £170,000

2005

Sold for £69,500

2000

Sold for £48,000

1995

Floor Plans

Description

  • Three bedroom mid terrace +
  • No chain involved +
  • In need of renovation +
  • Lounge & dining room +
  • Bathrooom, separate w.c. +
  • Garden to front +
  • Yard to rear +
  • Material information available/ ask agent +

Offered for sale with no chain involved and in need of renovation is this excellent sized three bedroom mid terrace property which would make and ideal project for the investor/second time buyer. The property offers features such as high ceilings, generous hallway and well proportioned rooms. The property briefly comprises:-

The ground floor has an generous hallway with stairs rising to the first floor and also gives access to the basement which is for storage, lounge with bay window and feature fireplace, dining with feature fireplace, kitchen with a range of wall and base units and rear access door.

To the first floor is three good sized bedroom with house bathroom and separate w.c.

Outside, there is a small garden to the front of the property and yard to the rear.

Potternewton Lane is within a few minutes’ walk of the centre of vibrant Chapel Allerton 'village' which offers an excellent range of cosmopolitan facilities including cafe bars, restaurants, independent specialist shops and small supermarkets. There are regular public transport links into Leeds City Centre and surrounding areas on nearby Harrogate Road and Scott Hall Road.

Agent Details

Manning Stainton, Roundhay

0113 519 1653

Next Steps?

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