3 Bed Bungalow, Refurb/BRRR, Leeds, LS12 5AX, £190,000

67 Ring Road, Leeds, LS12 5AX - 2 views - 5 months ago

Refurb/BRRR
ROI: 6%
64 m²
+15 photos

ValuationOvervalued

Sold Prices£52K - £258K
Sold Prices/m²£1.1K/m² - £3.5K/m²

 

 

Square Metres

64 m²
Price/m²£3K/m²

Value Estimate

£124,571

 

 

End Value (After Refurb)

£162,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£25,325

Bridging Loan Interest

£4,988

Total Cash In

£91,562

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,000

Mortgage (After Refinance)

£121,500

Mortgage LTV

75%

Cash Left In

£91,562

Equity

£40,500

Rent Range

£750 - £3,500

Rent Estimate

£1,224

Running Costs/mo

£771

Cashflow/mo

£453

Cashflow/yr

£5,435

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £52K to £258K, average is £184.5K. £1.1K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£165K01/210.07 mi51, Butt Lane, Leeds, West Yorkshire LS12 5AY3
£130K05/210.09 mi5, Butt Row, Leeds, West Yorkshire LS12 5DL3
£210K04/220.09 mi460, Tong Road, Leeds, West Yorkshire LS12 5AU3
£225K08/220.13 mi579, Tong Road, Leeds, West Yorkshire LS12 5AT3
£135K12/200.17 mi85, Stonebridge Grove, Leeds, West Yorkshire LS12 5AW3
£215K10/200.17 mi91, Stonebridge Grove, Leeds, West Yorkshire LS12 5AW3
£100K05/230.17 mi122, Pudsey Road, Leeds, West Yorkshire LS12 3TZ3
£170K02/230.17 mi19, Water Lane, Leeds, West Yorkshire LS12 5LX3
£250K10/230.17 mi56, Water Lane, Leeds, West Yorkshire LS12 5LX3
£245K02/240.17 mi17, Water Lane, Leeds, West Yorkshire LS12 5LX3
£141K06/210.18 mi31, Tong Green, Leeds, West Yorkshire LS12 5NF3
£89K11/200.19 mi80, Tong Drive, Leeds, West Yorkshire LS12 5ND3
£228K10/230.2 mi15, Ring Road, Farnley, Leeds, West Yorkshire LS12 5AS3
£258K11/220.2 mi1a, Ring Road, Farnley, Leeds, West Yorkshire LS12 5AS3
£210K11/230.21 mi24, Hare Farm Avenue, Leeds, West Yorkshire LS12 5QB3
£147K11/230.23 mi179, Ring Road, Farnley, Leeds, West Yorkshire LS12 5LU3
£195K07/230.23 mi151, Ring Road, Farnley, Leeds, West Yorkshire LS12 5LU3
£230K11/220.24 mi25, Gamble Lane, Leeds, West Yorkshire LS12 5LP3
£243K06/230.26 mi58, Stonebridge Lane, Leeds, West Yorkshire LS12 5AH3
£198K08/210.26 mi34, Stonebridge Lane, Leeds, West Yorkshire LS12 5AH3
£135K10/230.26 mi23, Farrow Bank, Leeds, West Yorkshire LS12 3TA3
£130K11/200.27 mi49, Farrow Bank, Leeds, West Yorkshire LS12 3TX3
£105K12/200.28 mi17, Stonecliffe Bank, Leeds, West Yorkshire LS12 5BL3
£170K09/210.29 mi23, Farnley Crescent, Leeds, West Yorkshire LS12 5AN3
£172K04/210.3 mi29, Gamble Lane, Leeds, West Yorkshire LS12 5LP3
£210K03/210.3 mi23, Gamble Lane, Leeds, West Yorkshire LS12 5LP3
£157K12/220.3 mi186, Pudsey Road, Leeds, West Yorkshire LS13 4JB3
£145K06/210.31 mi4, Farrow Road, Leeds, West Yorkshire LS12 3TB3
£138K08/230.32 mi90, Heights Way, Leeds, West Yorkshire LS12 3SS3
£132K10/230.32 mi12, Stonecliffe Green, Leeds, West Yorkshire LS12 5BB3
£134K10/230.32 mi10, Stonecliffe Green, Leeds, West Yorkshire LS12 5BB3
£52K08/230.34 mi1, Stonecliffe Lawn, Leeds, West Yorkshire LS12 5BH3
£184K11/210.36 mi4, Hare Park Mount, Leeds, West Yorkshire LS12 5LR3
£185K01/210.36 mi6, Hare Park Mount, Leeds, West Yorkshire LS12 5LR3
£220K04/210.36 mi27, Hare Park Mount, Leeds, West Yorkshire LS12 5LR3
£115K03/210.37 mi9, Bawn Gardens, Leeds, West Yorkshire LS12 5QL3
£162K03/230.38 mi4, Farrow Hill, Leeds, West Yorkshire LS12 3TE3
£226.5K03/230.38 mi49, Wood Grove, Leeds, West Yorkshire LS12 5NN3
£205.5K11/200.41 mi1, Greenmoor Avenue, Leeds, West Yorkshire LS12 5ST3
£237.5K03/210.41 mi20, Greenmoor Avenue, Leeds, West Yorkshire LS12 5ST3
£142K03/210.41 mi80, Heights Drive, Leeds, West Yorkshire LS12 3TF3
£218K04/210.42 mi17, St Marys Park Crescent, Leeds, West Yorkshire LS12 3UU3
£225K08/210.42 mi9, St Marys Park Crescent, Leeds, West Yorkshire LS12 3UU3
£160K08/210.44 mi4, Queensthorpe Avenue, Leeds, West Yorkshire LS13 4JS3
£190K02/210.44 mi21, Queensthorpe Close, Leeds, West Yorkshire LS13 4JT3
£200K04/230.44 mi8, Queensthorpe Close, Leeds, West Yorkshire LS13 4JT3
£227K04/230.45 mi19, St James Mews, Leeds, West Yorkshire LS12 3UT3
£245K03/210.45 mi1, Cross Lane, Farnley, Leeds, West Yorkshire LS12 5AA3
£180K12/220.45 mi120, Gamble Hill Drive, Leeds, West Yorkshire LS13 4TW3
£185.5K04/210.46 mi71, Silver Royd Hill, Leeds, West Yorkshire LS12 4QQ3

Local Rents

50 rents from £750/mo to £3.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£3,40003/250.27 mi-3
£3,50012/240.27 mi-3
£3,40003/250.27 mi-3
£1,40003/240.27 mi-3
£1,40005/240.39 miBobbin Row, Leeds, West Yorkshire, LS123
£1,35005/240.39 miBobbin Row, Leeds, West Yorkshire, LS123
£97505/240.43 mi-3
£1,10005/240.44 miHenconner Lane, Bramley, Leeds, West Yorkshire, LS133
£89505/240.62 miSwallow Avenue, Leeds, LS123
£1,00012/240.64 mi-3
£1,10005/240.64 miCongress Mount, Armley, Leeds3
£1,20012/240.67 mi-3
£1,00005/240.69 miSomerdale Gardens, Leeds, LS133
£75005/240.72 miConference Place, Leeds, West Yorkshire, UK, LS123
£89505/240.73 miMoorfield Avenue, Leeds, West Yorkshire, LS123
£90005/240.74 miBarden Mount, Leeds, West Yorkshire, LS123
£89505/240.79 miSommerdale Grove, Bramley, Leeds, LS13 4SD3
£92502/250.8 mi-3
£90001/250.81 mi-3
£1,15005/240.82 mi-3
£1,15005/240.82 miStanningley Road, West Yorkshire, LS123
£1,20003/250.82 mi-3
£1,20005/240.85 miBarker Place, LEEDS3
£82505/240.86 mi8 Edinburgh Terrace, LS12 3RH3
£82505/240.86 mi8 Edinburgh Terrace, LS12 3RH3
£2,59502/250.88 mi-3
£1,40004/250.89 mi-3
£1,35005/240.9 miHalliday Avenue, Leeds, West Yorkshire, LS123
£1,29501/250.91 mi-3
£85005/240.91 miPinder Street, Leeds, West Yorkshire3
£95005/240.93 mi-3
£82506/240.93 miAshby Terrace, Bramley, Leeds3
£90001/250.94 mi-3
£1,10002/250.96 mi-3
£99502/250.96 mi-3
£95002/240.96 mi-3
£92505/240.97 miArmley Ridge Road, Leeds, West Yorkshire, LS123
£1,80005/240.98 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS123
£85006/240.99 miPark Mount, Armley , Leeds3
£1,10001/251.02 mi-3
£1,20005/241.03 miLawns Square, New Farnley, Leeds3
£1,20005/241.03 miLawns Square, New Farnley, Leeds3
£90003/251.03 mi-3
£89011/241.04 mi-3
£95005/241.06 miRossefield Avenue, Bramley, , LS13 3SG3
£99505/241.06 miBlackpool Place, Leeds, West Yorkshire3
£1,20004/251.07 mi-3
£1,20005/241.07 miGreen Hill Croft, Leeds, LS123
£1,05002/241.09 mi-3
£1,00001/251.09 mi-3

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

2.73 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £190,000

March 24, 2025

Price changed to £210,000

February 16, 2025

Listed for £225,000

November 22, 2024

Floor Plans

Description

  • Two Bedroom Semi Detached Bungalow with a Loft Room +
  • Some Modernisation & Updating Required +
  • Double Glazing +
  • Gas Central Heating +
  • Single Detached Garage, Off Street Parking, Shared Driveway +
  • Good Sized Rear Garden +
  • Spacious Accomodation +
  • Early Internal Viewing Advised +
  • Popular & Convenient Residential Area +
  • Council Tax Band: B / EPC Rating: E +

REDUCED PLUS CHAIN FREE

A SEMI DETACHED BUNGALOW situated in a popular residential area of Farnley. Conveniently located for access to Leeds City Centre, the motorway networks, and a short drive from Bramley Railway Station, making an ideal home for a variety of buyers wishing to live within commuting distance of the major commercial centres of West Yorkshire and beyond.

Although this property benefits from having DOUBLE GLAZING and GAS CENTRAL HEATING it is in need of some COSMETIC UPDATING / REFURBISHMENT internally.

Briefly throughout, and to the ground floor the property comprises of a HALLWAY with stairs rising to the first floor, a LIVING ROOM with a bay window overlooking the front garden, a large DINING / BREAKFAST KITCHEN with space for a dining table & chairs and external access to the rear garden, a BATHROOM / WC with a modern white suite, and TWO DOUBLE BEDROOMS.

To the first floor there is a DOUBLE BEDROOM. We understand that the loft area was converted for use as a bedroom many years ago; we understand that planning and building regulation approval was obtained at the time of the conversion. Potential buyers should make enquiries / seek verification from their legal representative.

Externally there is a SHARED DRIVEWAY which leads to a PRIVATE PARKING SPACE and to a DETACHED SINGLE GARAGE. There is a FRONT GARDEN which is mainly low maintenance and a GOOD SIZED REAR GARDEN which has a patio area, a lawn and some planting.

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

Council Tax Band: B / EPC Rating: E

Ground Floor: -

Hallway: - Access via a part glazed front entrance door, central heating radiator, stairs rising to the first floor, under-stairs storage cupboard

Living Room: - Double glazed windows to two aspects, central heating radiator, fireplace and hearth with an electric fire, a good sized room with ample space for a range of living room furniture

Fitted Kitchen: - Double glazed windows, a part glazed external door giving access to the rear garden, a range of wall, drawer & base units, work surfaces, built under electric oven, gas hob, plumbing for an automatic washing machine, space for a fridge / freezer, an inset stainless steel sink and drainer, large pantry / storage cupboard

Bedroom One: - Double glazed window, central heating radiator, under-stairs storage cupboard / built-in storage

Bedroom Two: - Double glazed window, central heating radiator

Bathroom / Wc: - Double glazed window, a white suite comprising of a panelled bath with shower mixer taps, wash basin, low flush WC, ladder style central heating radiator / towel warmer

First Floor: -

Bedroom: - Double glazed windows, central heating radiator. We understand that the loft area was converted for use as a bedroom many years ago; we understand that planning and building regulation approval was obtained at the time of the conversion. Potential buyers should make enquiries / seek verification from their legal representative.

To The Outside: -

Gardens: - The front garden is mainly low maintenance with some planting. The rear garden is a good size, enclosed, and has a a lawn, a patio area and some planting

Off Street Parking / Detached Garage / Shared Driv - A shared driveway provides access to private off street parking and to a single detached garage

Council Tax Band & Epc Rating: - Council Tax Band: B / EPC Rating: E

Epc Link: -

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 💪