2 Bed House, Refurb/BRRR, Leeds, LS12 2BN, £119,995

19 Model Road, Leeds, LS12 2BN - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~58 m²
+3 photos

ValuationOvervalued

Sold Prices£52K - £170K
Sold Prices/m²£732/m² - £2.9K/m²

 

 

Square Metres

~57.80 m²
Price/m²£2.1K/m²

Value Estimate

£96,898

 

 

End Value (After Refurb)

£119,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,999

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£22,871

Bridging Loan Interest

£3,150

Total Cash In

£64,970

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£119,750

Mortgage (After Refinance)

£89,813

Mortgage LTV

75%

Cash Left In

£64,970

Equity

£29,938

Rent Range

£650 - £3,575

Rent Estimate

£725

Running Costs/mo

£539

Cashflow/mo

£186

Cashflow/yr

£2,229

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £52K to £170K, average is £112.8K. £732/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£120K01/240.01 mi33, Model Road, Armley, Leeds, West Yorkshire LS12 2BN2
£100K02/210.01 mi45, Model Road, Armley, Leeds, West Yorkshire LS12 2BN2
£135K08/230.01 mi37, Model Road, Armley, Leeds, West Yorkshire LS12 2BN2
£102K11/200.03 mi36a, Model Avenue, Leeds, West Yorkshire LS12 2BW2
£97.5K10/210.08 mi24, Brooklyn Avenue, Armley, Leeds, West Yorkshire LS12 2BS2
£52K11/210.08 mi6, Mitford View, Leeds, West Yorkshire LS12 1NQ2
£144K10/210.09 mi38, Mitford Terrace, Leeds, West Yorkshire LS12 1NJ2
£80K02/230.14 mi8, Brooklyn Street, Armley, Leeds, West Yorkshire LS12 2BU2
£124K05/230.14 mi12, Brooklyn Street, Armley, Leeds, West Yorkshire LS12 2BU2
£103K03/230.14 mi21, Brooklyn Street, Armley, Leeds, West Yorkshire LS12 2BU2
£96K01/240.15 mi35, Armley Grove Place, Leeds, West Yorkshire LS12 1PT2
£109K06/210.15 mi13, Nancroft Mount, Armley, Leeds, West Yorkshire LS12 2DF2
£140K09/230.15 mi25, Nancroft Mount, Armley, Leeds, West Yorkshire LS12 2DF2
£80K09/210.16 mi6, Brooklyn Terrace, Leeds, West Yorkshire LS12 2BX2
£119K10/210.17 mi21, Nancroft Crescent, Leeds, West Yorkshire LS12 2DH2
£129K04/240.17 mi4, Nancroft Crescent, Leeds, West Yorkshire LS12 2DH2
£132K12/230.21 mi6, Laurel Grove, Leeds, West Yorkshire LS12 2DD2
£100K05/210.23 mi44, Chapel Lane, Armley, Leeds, West Yorkshire LS12 1UP2
£127K09/230.23 mi6, Laurel Fold, Leeds, West Yorkshire LS12 1UR2
£90K11/200.31 mi8, Hereford Street, Armley, Leeds, West Yorkshire LS12 2NH2
£127K02/230.33 mi11, Gilpin Terrace, Leeds, West Yorkshire LS12 1HL2
£120K02/240.34 mi17, Aviary Place, Armley, Leeds, West Yorkshire LS12 2NP2
£116K01/230.34 mi29, Aviary Place, Armley, Leeds, West Yorkshire LS12 2NP2
£112.5K07/210.34 mi17, Aviary Place, Armley, Leeds, West Yorkshire LS12 2NP2
£80.5K03/210.34 mi3, Chichester Street, Armley, Leeds, West Yorkshire LS12 2NL2
£107K12/210.35 mi64, Salisbury Road, Leeds, West Yorkshire LS12 2BH2
£113K05/210.35 mi72, Salisbury Road, Leeds, West Yorkshire LS12 2BH2
£127K02/240.36 mi5, Nunnington Avenue, Leeds, West Yorkshire LS12 2PQ2
£110K09/230.36 mi2, Nunnington Avenue, Leeds, West Yorkshire LS12 2PQ2
£75K08/230.36 mi27, Salisbury Avenue, Armley, Leeds, West Yorkshire LS12 2AR2
£124.5K12/200.37 mi2, Evelyn Place, Leeds, West Yorkshire LS12 4DT2
£110K11/210.38 mi8, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£110K11/210.38 mi8, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£104K11/200.38 mi1, Holdforth Place, Leeds, West Yorkshire LS12 1YG2
£160K03/240.38 mi29, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ2
£110K03/230.38 mi2, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£126K04/230.38 mi16, Eyres Terrace, Leeds, West Yorkshire LS12 3AX2
£110K03/210.39 mi13, Eyres Avenue, Leeds, West Yorkshire LS12 3BA2
£107.5K06/210.4 mi46, Oldfield Street, Leeds, West Yorkshire LS12 4EF2
£91.5K10/230.41 mi5, Arley Terrace, Armley, Leeds, West Yorkshire LS12 2PA2
£125K01/230.41 mi8, Aviary Row, Leeds, West Yorkshire LS12 2NZ2
£127.5K08/210.42 mi14, Malmesbury Place, Leeds, West Yorkshire LS12 4BH2
£135K01/240.45 mi26, Roseneath Terrace, Leeds, West Yorkshire LS12 4DZ2
£130K08/230.45 mi7, Roseneath Terrace, Leeds, West Yorkshire LS12 4DZ2
£125K04/230.46 mi13, Rombalds Grove, Armley, Leeds, West Yorkshire LS12 2BB2
£106K02/210.46 mi14, Rombalds Grove, Armley, Leeds, West Yorkshire LS12 2BB2
£122.3K01/230.46 mi12, Rombalds Avenue, Armley, Leeds, West Yorkshire LS12 2BA2
£170K04/230.47 mi8, Tavistock Way, Leeds, West Yorkshire LS12 4DR2
£120K03/230.49 mi11, Roderick Street, Leeds, West Yorkshire LS12 4NE2
£101.7K02/210.5 mi173, Tong Road, Leeds, West Yorkshire LS12 4NA2

Local Rents

50 rents from £650/mo to £3.6K/mo, average is £840/mo.

RentDateDistanceAddressBeds 
£90005/240.09 mi-2
£87005/240.09 miBrooklyn Avenue, Leeds, West Yorkshire, LS122
£77505/240.1 miNancroft Mount, Armley, Leeds, West Yorkshire, LS122
£82506/240.11 miNancroft Terrace, Armley, Leeds, LS122
£80001/250.12 mi-2
£72505/240.15 miNancroft Mount, Leeds, West Yorkshire2
£90012/240.2 mi-2
£3,57505/240.2 miArmley Road, Leeds, West Yorkshire, LS122
£75005/240.22 miLaurel Grove, Armley2
£79505/240.24 miArmley Road, Flat 1, Leeds, West Yorkshire, LS122
£79505/240.24 miArmley Road, Leeds, West Yorkshire, LS122
£75012/240.32 mi-2
£69505/240.32 miChichester Street, Armley, Leeds2
£69505/240.32 miChichester Street, Armley, Leeds2
£65005/240.33 miAviary Place, Leeds2
£90001/250.34 mi-2
£90001/250.34 mi-2
£85003/240.34 miAthlone Grove, Leeds, West Yorkshire, LS122
£79505/240.34 miAthlone Grove, Leeds, West Yorkshire, LS122
£85005/240.34 miAthlone Grove, Leeds, West Yorkshire, LS122
£85005/240.35 miNunnington Terrace, Leeds, West Yorkshire, LS122
£87503/250.35 mi-2
£79506/240.35 miSalisbury Road, Leeds, LS122
£84504/250.36 mi-2
£84512/240.36 mi-2
£85005/240.37 miHall Road, Leeds, West Yorkshire, LS122
£83505/240.37 miTavistock Mews, Leeds, West Yorkshire, LS122
£85012/240.38 mi-2
£79502/250.38 mi-2
£89502/250.38 mi-2
£99507/240.38 mi-2
£65005/240.4 miCedar Street, Armley, Leeds2
£77502/250.4 mi-2
£95002/250.4 mi-2
£1,05002/240.41 mi-2
£65002/240.41 mi-2
£80005/240.42 mi-2
£82505/240.42 miWinker Green Mills, Stanningley Road2
£80002/250.42 mi-2
£85005/240.42 miToft Street, LEEDS2
£1,80005/240.42 mi-2
£1,80012/240.42 mi-2
£1,80012/240.42 mi-2
£80003/250.44 mi-2
£82505/240.44 miWinker Green, Stanningley Road2
£77505/240.45 miClyde Chase, New Wortley, Leeds2
£87505/240.45 mi-2
£77501/240.45 mi-2
£95005/240.46 mi-2
£95005/240.46 miTavistock Close, Leeds, LS122

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.14 miles away

Nearest school

1 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £119,995

November 9, 2024

Floor Plans

Description

  • Two Bedroom Town House +
  • Modernisation & Refurbishment Required +
  • Double Glazing +
  • Gas Central Heating +
  • Gardens Front & Rear +
  • Chain Free On Completion +
  • Ideal for an Investor / Landlord (possible rental income circa £725.00 pcm) +
  • Conveniently Located For Access to Leeds City Centre +
  • Early Internal Viewing Advised +
  • Council Tax Band: A / EPC Rating: D +

A TWO BEDROOM MID TOWN HOUSE situated amidst similar style property in a popular residential area of Armley. The property is conveniently located for access to Leeds City Centre and local amenities including bus routes, schools and shops. Although this property has DOUBLE GLAZING and GAS CENTRAL HEATING it is in need of MODRNISATION & UPDATING THROUGHOUT, but would make an ideal purchase for either a first time buyer of a Landlord (possible rental income circa £725.00 pcm).

Briefly throughout the property comprises of a HALLWAY with stairs rising to the first floor, a LIVING ROOM with a gas fire and laminated flooring, a DINING KITCHEN (the cooker, automatic washing machine and fridge / freezer are included in the sale), TWO DOUBLE BEDROOMS, one of which has FITTED WARDROBES, and a BATHROOM / WC with a white site and an electric shower over the bath.

Externally there are GARDENS TO THE FRONT & REAR. Both gardens are mainly low maintenance. This property does not have any allocated parking but ample on street parking is available within the locality.

Early internal viewing is highly recommended and can be arranged by contacting the office on /

Council Tax Band: A / EPC Rating: D

Ground Floor: -

Hallway: - Access via a front entrance door, stairs to the first floor

Living Room: - Double glazed window, central heating radiator, gas fire, laminated flooring

Fitted Kitchen / Dining Room: - Double glazed window, external door giving access to the rear of the property, a range of wall, drawer & base units, work surfaces, stainless steel sink and drainer, gas cooker, fridge / freezer, automatic washing machine, pantry / storage

First Floor: -

Landing: - Access to the first floor accommodation and to the loft space

Bedroom One: - Double glazed window, central heating radiator, fitted wardrobes

Bedroom Two: - Double glazed window, central heating radiator

Bathroom / Wc: - Double glazed window, a three piece suite comprising of a panelled bath with an electric shower above, wash basin, low flush WC

To The Outside: -

Gardens: - Gardens to the front & rear: the front garden is mainly low maintenance with some planting, the rear garden has planted beds

Epc Link: -

Council Tax Band & Epc Rating: Tba - Council tax band: A / EPC rating: tbc

Agent Details

Kath Wells Estate Agents, Wortley

0113 519 3022

Next Steps?

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