6 Bed Terraced House, Cash/Bridging Only, Leeds, LS11 8BD, £215,000

Beeston Road, Leeds, West Yorkshire, LS11 8BD - 5 months ago

Cash

ROI: 1%

~186 m²

+22 photos

ValuationUndervalued

Sold Prices	£115K - £595K
Sold Prices/m²	£471/m² - £3.8K/m²

Square Metres	~186 m²
Price/m²	£1.2K/m²
Value Estimate	£221,450£221,450
BMV	3%

End Value (After Refurb)	£244,000£244,000
Uplift in Value	+13%+13%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£53,750£53,750
Stamp Duty & Legal Fees	£13,750£13,750
Refurb Costs	£74,279£74,279
Bridging Loan Interest	£5,644£5,644
Total Cash In	£149,173£149,173

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£244,000£244,000
Mortgage (After Refinance)	£183,000£183,000
Mortgage LTV	75%75%
Cash Released	£21,750£21,750
Cash Left In	£127,423£127,423
Equity	£61,000£61,000
Rent Range	£500 - £3,000£500 - £3,000
Rent Estimate	£1,080
Running Costs/mo	£999£999
Cashflow/mo	£82£82
Cashflow/yr	£978£978
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

16 sold prices from £115K to £595K, average is £250K. £471/m² to £3.8K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	03/21	0.43 mi	99, Lady Pit Lane, Leeds, West Yorkshire LS11 6HF	£471	244	6	Terraced House
£265K	12/23	0.58 mi	41, Cross Flatts Avenue, Leeds, West Yorkshire LS11 7BE	£1,616	164	6	Semi-Detached House
£282K	12/20	1.26 mi	31, Colmore Road, Leeds, West Yorkshire LS12 4DF	-	-	6	Semi-Detached House
£225K	02/21	1.68 mi	5, Claremont View, Leeds, West Yorkshire LS3 1AU	£2,163	104	6	Terraced House
£235K	08/21	2.01 mi	155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG	£1,031	228	6	Terraced House
£235K	08/21	2.01 mi	155, Belle Vue Road, Leeds, West Yorkshire LS3 1HG	£1,031	228	6	Terraced House
£565K	09/22	2.08 mi	19, St Johns Terrace, Leeds, West Yorkshire LS3 1DY	-	-	6	Terraced House
£595K	05/21	2.35 mi	108, Victoria Road, Morley, Leeds, West Yorkshire LS27 8LL	£2,125	280	6	Detached House
£130K	11/20	2.51 mi	22, Thorpe Street, Leeds, West Yorkshire LS10 4EZ	-	-	6	Detached House
£331.2K	05/21	2.6 mi	25, Glossop Street, Leeds, West Yorkshire LS6 2LE	£3,212	103	6	Terraced House
£412K	12/22	2.65 mi	24, Clarkson View, Leeds, West Yorkshire LS6 2LB	£3,583	115	6	Terraced House
£375K	10/23	2.72 mi	11, Newport Gardens, Leeds, West Yorkshire LS6 3DA	£3,676	102	6	Terraced House
£200K	04/21	2.72 mi	41, Spencer Place, Leeds, West Yorkshire LS7 4DQ	£1,163	172	6	Terraced House
£449.3K	03/23	2.92 mi	14, St Anns Lane, Leeds, West Yorkshire LS4 2SE	£3,840	117	6	Semi-Detached House
£185K	05/23	2.98 mi	10, Seaforth Place, Leeds, West Yorkshire LS9 6AF	£1,341	138	6	Terraced House
£183K	11/20	2.98 mi	21, Sholebroke Mount, Leeds, West Yorkshire LS7 3HG	£859	213	6	Terraced House

Local Rents

50 rents from £500/mo to £3K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£850	05/24	0.08 mi	Cad Beeston Mews, Leeds, West Yorkshire, LS11 8AF	3	Terraced House
£1,180	03/25	0.13 mi	-	4	Terraced House
£1,045	05/24	0.17 mi	Malvern Road, Leeds, West Yorkshire, LS11	3	Terraced House
£1,300	06/24	0.19 mi	-	3	Terraced House
£1,200	05/24	0.19 mi	-	5	Terraced House
£819	05/24	0.2 mi	16 Parkfield Grove	3	House
£1,000	02/25	0.2 mi	-	3	Flat
£500	03/25	0.2 mi	-	3	Flat
£995	05/24	0.2 mi	-	3	Terraced House
£950	12/24	0.2 mi	-	3	Terraced House
£1,100	05/24	0.22 mi	-	5	Terraced House
£800	05/24	0.22 mi	-	3	Terraced House
£800	05/24	0.22 mi	Parkfield Mount, Leeds, LS11	3	Terraced House
£1,400	02/25	0.23 mi	-	4	Terraced House
£950	05/24	0.23 mi	-	3	Terraced House
£1,140	05/24	0.23 mi	Flat 2, 12 Noster Hill, Leeds, LS11 8QE	3	Flat
£925	05/24	0.23 mi	Normanton Grove Beeston Leeds	3	Terraced House
£925	06/24	0.23 mi	Normanton Grove Beeston Leeds	3	Terraced House
£1,100	05/24	0.24 mi	-	4	Terraced House
£750	12/24	0.25 mi	-	3	Terraced House
£1,200	05/24	0.26 mi	-	4	Terraced House
£1,000	03/25	0.28 mi	-	3	Terraced House
£995	03/25	0.28 mi	-	3	Terraced House
£1,395	04/25	0.31 mi	-	4	Terraced House
£1,295	04/25	0.31 mi	-	4	Terraced House
£1,275	06/24	0.33 mi	Greenhouse, Leeds	3	Flat
£1,196	02/25	0.36 mi	-	4	Flat
£850	12/24	0.37 mi	-	3	Terraced House
£1,050	08/24	0.38 mi	-	3	Flat
£995	06/24	0.38 mi	Cross Flatts Street, Leeds, West Yorkshire	3	Terraced House
£1,120	03/25	0.38 mi	-	4	Terraced House
£1,200	03/25	0.38 mi	-	4	Terraced House
£1,000	06/24	0.4 mi	Clovelly Place, Leeds, West Yorkshire, LS11	4	Terraced House
£950	05/24	0.4 mi	-	3	Terraced House
£975	05/24	0.4 mi	-	4	Terraced House
£1,150	02/25	0.4 mi	-	4	Terraced House
£1,200	01/25	0.41 mi	-	4	Flat
£950	05/24	0.41 mi	Trentham Place Beeston LS11	4	Terraced House
£925	06/24	0.42 mi	Woodview Road, Leeds, LS11	3	Terraced House
£1,250	12/24	0.42 mi	-	4	Flat
£1,250	02/25	0.43 mi	-	4	Flat
£950	03/25	0.43 mi	-	3	Flat
£950	03/25	0.43 mi	-	3	Flat
£1,100	05/24	0.44 mi	Burlington Road, Leeds, West Yorkshire, LS11	4	Terraced House
£3,000	05/24	0.44 mi	-	4	Terraced House
£1,250	04/25	0.44 mi	-	4	Terraced House
£900	02/25	0.46 mi	-	3	Terraced House
£900	02/25	0.46 mi	-	3	Terraced House
£995	05/24	0.47 mi	-	3	Terraced House
£1,025	05/24	0.47 mi	Firth Avenue, Leeds, LS11	3	Flat

Local Area Statistics

Population in LS11	34,73234,732
Population in Leeds	635,166635,166
Town centre distance	1.63 miles away1.63 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.19 miles away1.19 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+40%+40%

Property History

Price changed to £215,000

January 4, 2025

Listed for £225,000

November 16, 2024

Floor Plans

Description

Six bedrooms +
Three floors +
Detached garage +
Superb investment +
No onward chain +
Material information availible +

Attention investors!! Offered with no onward chain is this commanding six bedroom, six bathroom through terrace property with spacious rooms spanning over three floors. Cash investors only due to the EPC rating. An early viewing is recommended to fully appreciate what is on offer.

Situated within close proximity to motorway links such as the M62 and M1 aswell as having easy access into Leeds city centre this property is due to attract the commuter/ professional.

Each bedroom benefits from its own kitchen facilities and bathroom. Wired smoke alarms/ prepaid energy meters and fire doors have also been installed.

The cellar is of a good size and is separated into two rooms.

Externally a detached garage offers ample storage and off street parking. Also a handy external WC completes the outside space.

Agent Details

Manning Stainton, Beeston

0113 519 1497

Next Steps?

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