4 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 7DF, £395,000

273 Otley Road, West Park, Leeds, LS16 5LN - 7 views - 6 months ago

Refurb/BRRR
~129 m²
+11 photos

ValuationFair Value

Sold Prices£150K - £675K
Sold Prices/m²£1.2K/m² - £6.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£402,900

 

 

End Value (After Refurb)

£446,979

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£20,300

Refurb Costs

£51,147

Bridging Loan Interest

£10,369

Total Cash In

£182,316

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£446,979

Mortgage (After Refinance)

£335,234

Mortgage LTV

75%

Cash Released

£38,984

Cash Left In

£143,332

Equity

£111,745

Rent Range

£975 - £3,974

Rent Estimate

£1,260

Running Costs/mo

£1,669

Cashflow/mo

£-409

Cashflow/yr

£-4,906

Gross Yield

4%

Local Sold Prices

50 sold prices from £150K to £675K, average is £402.5K. £1.2K/m² to £6.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£550K04/230.16 mi58, Tinshill Road, Leeds, West Yorkshire LS16 7DU4
£170K11/210.16 mi38, Holtdale Grove, Leeds, West Yorkshire LS16 7RZ4
£172.5K08/210.16 mi34, Holtdale Grove, Leeds, West Yorkshire LS16 7RZ4
£450K12/220.21 mi6, Tinshill Road, Leeds, West Yorkshire LS16 7DU4
£475K11/200.24 mi8, Hillcrest Rise, Leeds, West Yorkshire LS16 7DL4
£150K04/240.24 mi34, Hillcrest Rise, Leeds, West Yorkshire LS16 7DL4
£430K12/230.24 mi94, Hillcrest Rise, Leeds, West Yorkshire LS16 7DL4
£382.5K03/210.25 mi28, Kirkwood Drive, Leeds, West Yorkshire LS16 7DZ4
£415K02/210.25 mi6, Kirkwood Drive, Leeds, West Yorkshire LS16 7DZ4
£465K08/230.27 mi14, Kirkwood Crescent, Leeds, West Yorkshire LS16 7EA4
£376K12/200.27 mi12, Kirkwood Crescent, Leeds, West Yorkshire LS16 7EA4
£671K04/230.28 mi3, Moseley Wood Lane, Leeds, West Yorkshire LS16 7ER4
£478K10/230.34 mi5, Mavis Lane, Leeds, West Yorkshire LS16 7LL4
£445.1K03/210.34 mi21, Mavis Lane, Leeds, West Yorkshire LS16 7LL4
£485K09/230.34 mi29, Cookridge Lane, Leeds, West Yorkshire LS16 7LQ4
£459.9K07/210.35 mi8, Moseley Wood View, Leeds, West Yorkshire LS16 7ES4
£550K11/230.38 mi10, Hillcrest Mount, Leeds, West Yorkshire LS16 7PY4
£660K11/220.38 mi7, Hillcrest Mount, Leeds, West Yorkshire LS16 7PY4
£325K02/210.4 mi6, Holt Park Vale, Leeds, West Yorkshire LS16 7QX4
£288K05/210.42 mi16, Holt Park Road, Leeds, West Yorkshire LS16 7QS4
£284K02/210.45 mi82, Haven Chase, Leeds, West Yorkshire LS16 6SG4
£380.1K06/210.45 mi76, Haven Chase, Leeds, West Yorkshire LS16 6SG4
£415K03/210.45 mi22, Moseley Wood Way, Leeds, West Yorkshire LS16 7HN4
£405K09/230.45 mi5, Edale Way, Leeds, West Yorkshire LS16 6SD4
£675K09/230.45 mi131c, Tinshill Road, Leeds, West Yorkshire LS16 7JX4
£465K05/230.45 mi2, Haven Court, Leeds, West Yorkshire LS16 6SH4
£450K01/230.45 mi9, Dale Park Walk, Leeds, West Yorkshire LS16 7PS4
£400K12/220.48 mi2, Holt Park Gardens, Leeds, West Yorkshire LS16 7RB4
£264K02/210.49 mi5, Holt Park Grange, Leeds, West Yorkshire LS16 7RD4
£352K02/210.49 mi6, Shepcote Crescent, Leeds, West Yorkshire LS16 6SA4
£470K11/220.49 mi7, Dale Park Close, Leeds, West Yorkshire LS16 7PR4
£426K11/230.5 mi2, Holt Rise, Leeds, West Yorkshire LS16 7QF4
£381K03/210.51 mi30, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HJ4
£335K01/210.51 mi38, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HJ4
£345K06/240.51 mi64, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HJ4
£310K10/230.51 mi70, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HJ4
£550K10/230.52 mi65, Eaton Hill, Leeds, West Yorkshire LS16 6SE4
£530K04/230.52 mi45, Eaton Hill, Leeds, West Yorkshire LS16 6SE4
£431K01/230.52 mi71, Eaton Hill, Leeds, West Yorkshire LS16 6SE4
£375K07/230.52 mi44, Eaton Hill, Leeds, West Yorkshire LS16 6SE4
£356K11/200.53 mi7, Moseley Wood Bank, Leeds, West Yorkshire LS16 7HY4
£280K11/210.53 mi71, Raynel Drive, Leeds, West Yorkshire LS16 6BP4
£380K06/210.53 mi17, Holt Park Approach, Leeds, West Yorkshire LS16 7PW4
£377K01/230.53 mi16, Holt Park Approach, Leeds, West Yorkshire LS16 7PW4
£318K04/230.53 mi25, Holt Park Approach, Leeds, West Yorkshire LS16 7PW4
£325K12/200.53 mi9, Kenworthy Vale, Leeds, West Yorkshire LS16 7QG4
£330K05/210.56 mi52, Carr Bridge Drive, Leeds, West Yorkshire LS16 7JY4
£420K01/210.56 mi36, Carr Bridge Drive, Leeds, West Yorkshire LS16 7JY4
£435K06/210.58 mi1, Woodhill Court, Leeds, West Yorkshire LS16 7BW4
£400K03/210.6 mi173, Tinshill Road, Leeds, West Yorkshire LS16 7LD4

Local Rents

18 rents from £975/mo to £4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£97505/240.07 miHoltdale Close, Leeds, West Yorkshire3
£1,50005/240.14 miTinshill Road, Leeds, West Yorkshire, LS163
£1,25009/230.21 mi-3
£1,50003/250.31 mi-3
£1,10005/240.32 miTinshill Mount, Leeds, West Yorkshire, LS163
£1,60005/240.41 miHolt Park View, Holt Park, Leeds4
£3,97402/250.43 mi-4
£3,97403/250.43 mi-4
£1,30001/250.45 mi-3
£1,00005/240.45 miRaynel Gardens, Adel, Leeds3
£1,00005/240.46 miRaynel Way, Adel, Leeds3
£1,29506/240.47 miTinshill Road, Cookridge, Leeds, West Yorkshire, LS163
£1,20005/240.49 miDale Park Rise, Cookridge, Leeds3
£1,65002/250.5 mi-4
£1,29505/240.51 miCookridge Drive, Cookridge, Leeds3
£1,45004/250.61 mi-3
£1,45003/240.61 mi-3
£1,45005/240.61 miTinshill Lane, Leeds, LS163

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

4.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £395,000

November 2, 2024

Floor Plans

Description

  • Set in this much sought after location/set back from the road +
  • Spacious rooms with plenty of flexible versatile living +
  • Beautiful private garden to the rear +
  • Large driveway with front/side driveway and single garage +
  • Ready for modernisation, put your own stamp on the home +
  • Previous extended a great size family home, approx. 1373sq,ft +

A four bedroom semi-detached sizeable extended property, with attractive gardens and single garage. A property which is situated in a highly favoured part of Cookridge and is within easy reach of a range of excellent local amenities.

A family four bedroom semi-detached house set in this much sought after location of Cookridge. The property is in need of some modernisation and briefly comprises: on the ground floor, spacious hallway, wc, lounge/dining room with gas fire and sliding patio doors. Separate kitchen with fitted cupboards, pantry and utility with garden access. There is further reception room which to the front with bay window. On the first floor, three double bedrooms all three with fitted wardrobes and one with a shower, one single bedroom/office and a house bathroom. Outside there is a driveway to the front/ side leading to a single detached garage and a lovely rear garden with lawn and patio. Perfect for family living you will be pleasantly surprised with the size of the home, a home you can put your own stamp on.

The property is located in an especially sought-after area of North Leeds, only minutes away from local schools, shops, post office, parks and many more amenities. Conveniently situated within the highly sought after location of Cookridge. Recreational facilities include a number of golf courses, sport centre and the open countryside and of course Leeds/ Bradford International Airport is situated a short drive away. Local transport services provide access to Leeds City Centre and the surrounding areas. There is a good road network providing links to the major business centres of Bradford, Harrogate and York.

Tenure, Services & Parking
• Freehold
• Driveway with parking and detached garage
• Main Electricity, water, drainage and gas are installed. Domestic heating is from gas fired boiler

Internet & Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers. For further information please refer to:

Agent Details

Dacre Son & Hartley, Weetwood

0113 519 0832

Next Steps?

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