2 Bed Flat, Single Let, Leeds, LS11 5QT, £170,000

Bridgewater Place, Leeds City Centre, LS11 5QT - 1 views - 5 months ago

Leasehold

BTL

ROI: 6%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£140K - £300K
Sold Prices/m²	£2.5K/m² - £3.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.5K/m²
Value Estimate	£212,500£212,500
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£9,700£9,700
Total Cash In	£52,200£52,200

Cash Out
Rent Range	£995 - £2,100£995 - £2,100
Rent Estimate	£1,000
Running Costs/mo	£751£751
Cashflow/mo	£249£249
Cashflow/yr	£2,985£2,985
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £140K to £300K, average is £191.3K. £2.5K/m² to £3.8K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£262.5K	01/23	0 mi	Apartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£232.5K	03/22	0 mi	Apartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT	-	-	2	Flat
£250K	03/23	0 mi	Apartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£215K	11/22	0 mi	Apartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB	-	-	2	Flat
£204K	02/23	0.16 mi	32, Butcher Street, Leeds, West Yorkshire LS11 5WF	-	-	2	Flat
£210K	08/22	0.22 mi	11, Butcher Street, Leeds, West Yorkshire LS11 5WF	-	-	2	Flat
£210K	08/22	0.22 mi	18, Butcher Street, Leeds, West Yorkshire LS11 5WF	£3,000	70	2	Flat
£175K	05/21	0.22 mi	29, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,536	69	2	Flat
£190K	11/21	0.22 mi	7, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,716	70	2	Flat
£194K	10/21	0.22 mi	20, Butcher Street, Leeds, West Yorkshire LS11 5WF	£2,985	65	2	Flat
£210K	05/22	0.22 mi	23, Butcher Street, Leeds, West Yorkshire LS11 5WF	£3,818	55	2	Flat
£255K	07/24	0.33 mi	3, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,542	72	2	Flat
£164K	07/21	0.33 mi	44, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,154	52	2	Flat
£193.5K	12/20	0.33 mi	19, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,779	51	2	Flat
£195K	01/23	0.33 mi	11, Riverside Court, Leeds, West Yorkshire LS1 7BU	£3,250	60	2	Flat
£207.8K	05/21	0.5 mi	32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,241	64	2	Flat
£192K	01/21	0.5 mi	37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,765	51	2	Flat
£185K	12/20	0.5 mi	16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF	£3,504	53	2	Flat
£270K	02/23	0.51 mi	Flat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£220K	11/22	0.54 mi	Flat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD	-	-	2	Flat
£300K	09/23	0.55 mi	Flat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£187.5K	02/21	0.55 mi	Flat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£215K	04/21	0.55 mi	Flat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£186K	08/21	0.55 mi	Flat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£160K	04/21	0.55 mi	Flat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£188K	08/23	0.55 mi	Flat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	£2,474	76	2	Flat
£190K	02/23	0.56 mi	Flat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF	-	-	2	Flat
£176K	06/21	0.56 mi	Flat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£148K	03/21	0.56 mi	Flat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£240K	10/20	0.56 mi	Flat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH	-	-	2	Flat
£170K	10/23	0.56 mi	Flat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU	-	-	2	Flat
£190K	01/23	0.56 mi	Flat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT	-	-	2	Flat
£185.5K	04/21	0.57 mi	Flat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£175K	04/21	0.57 mi	Flat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£190.5K	01/21	0.57 mi	Flat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	£2,721	70	2	Flat
£169.9K	02/21	0.57 mi	Flat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£170K	12/22	0.57 mi	Flat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£225K	01/23	0.57 mi	Flat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£270K	02/21	0.58 mi	Flat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£194.5K	03/23	0.58 mi	Flat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£280K	05/21	0.58 mi	Flat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ	-	-	2	Flat
£177.5K	04/23	0.59 mi	Flat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE	-	-	2	Flat
£172K	04/21	0.59 mi	Flat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat
£169K	12/21	0.59 mi	Flat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE	-	-	2	Flat
£140K	04/23	0.6 mi	Flat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD	-	-	2	Flat
£172.5K	06/21	0.6 mi	Flat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD	-	-	2	Flat
£242K	07/23	0.6 mi	Flat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD	-	-	2	Flat
£171K	12/23	0.61 mi	Bonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL	£2,850	60	2	Flat
£235K	10/22	0.61 mi	Flat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL	-	-	2	Flat
£188K	11/22	0.61 mi	Flat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP	-	-	2	Flat

Local Rents

50 rents from £995/mo to £2.1K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,395	05/24	0 mi	Water Lane, Leeds, West Yorkshire, LS11	2	Flat
£1,950	05/24	0 mi	Bridgewater Place Water Lane Leeds LS11	2	Flat
£1,350	05/24	0 mi	Bridgewater Place, Leeds City Centre	2	Flat
£1,950	05/24	0 mi	Bridgewater Place, Water Lane	2	Flat
£1,450	06/24	0 mi	Water Lane, Leeds, West Yorkshire, LS11	2	Flat
£1,400	06/24	0 mi	Water Lane, Leeds, West Yorkshire, LS11	2	Flat
£1,350	06/24	0 mi	Bridgewater Place, Leeds City Centre, LS11 5QB	2	Flat
£1,395	05/24	0 mi	Water Lane, Leeds, UK, LS11	2	Flat
£1,000	02/25	0.01 mi	-	2	Flat
£1,375	03/24	0.01 mi	Water Lane	2	Flat
£1,895	05/24	0.01 mi	Apartment, Bridgewater Place, Leeds	2	Flat
£1,200	04/24	0.1 mi	-	2	Flat
£1,350	05/24	0.1 mi	Watermans Place, Granary Wharf	2	Flat
£1,950	03/24	0.11 mi	Bridgewater Place, Water Lane, Leeds	2	Flat
£1,100	05/24	0.11 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,100	05/24	0.11 mi	City Walk, Leeds, West Yorkshire, LS11	2	Flat
£1,050	05/24	0.12 mi	Velocity North, 3 City Walk, Leeds	2	Flat
£1,150	05/24	0.12 mi	Velocity North, 3 City Walk, Leeds	2	Flat
£1,495	05/24	0.12 mi	Mustard Wharf, Leeds City Centre, LS1	2	Flat
£1,485	05/24	0.12 mi	Mustard Wharf at Tower Works, Industrial Collection	2	Flat
£1,430	12/24	0.12 mi	Mustard Wharf at Tower Works, Industrial Collection	2	Flat
£1,150	12/24	0.12 mi	-	2	Flat
£1,150	05/24	0.12 mi	Velocity North, Leeds, LS11	2	Flat
£1,395	05/24	0.12 mi	124/Candle House, Leeds	2	Flat
£1,495	05/24	0.12 mi	Watermans Place Wharf Approach Leeds LS1	2	Flat
£1,450	12/24	0.12 mi	Watermans Place, 3 Wharf Approach, Leeds, LS1	2	Flat
£1,350	05/24	0.12 mi	David Street, Leeds	2	Terraced House
£1,600	03/25	0.13 mi	-	2	Flat
£1,300	03/24	0.13 mi	Watermans Place, Wharf Approach, Leeds, LS1	2	Flat
£1,495	05/24	0.13 mi	Watermans Place, 3 Wharf Approach, Leeds, UK, LS1	2	Flat
£1,695	05/24	0.14 mi	Wharfe Approach, West Yorkshire, LS1	2	Flat
£1,350	05/24	0.14 mi	Watermans Place, Granary Wharf	2	Flat
£1,050	05/24	0.14 mi	Riverside Way, Leeds, West Yorkshire, LS1	2	Flat
£1,295	05/24	0.14 mi	Whitehall Waterfront, 2 Riverside Way, Leeds, UK, LS1	2	Flat
£1,195	05/24	0.14 mi	Little Neville Street, Leeds, West Yorkshire, LS1	2	Flat
£1,050	12/24	0.14 mi	-	2	Flat
£995	02/25	0.14 mi	-	2	Flat
£1,100	05/24	0.14 mi	City Walk, Leeds, West Yorkshire, UK, LS11	2	Flat
£1,100	05/24	0.14 mi	Blue, Granary Wharf, LS1	2	Flat
£1,200	05/24	0.14 mi	Blue Little Neville Street Leeds city centre	2	Flat
£1,650	05/24	0.14 mi	Blue, Little Neville Street	2	Flat
£2,100	05/24	0.15 mi	Blue, Little Neville Street	2	Flat
£1,270	05/24	0.15 mi	Leeds City Centre, LS11	2	Flat
£1,050	12/24	0.15 mi	-	2	Flat
£1,100	05/24	0.15 mi	Velocity East, 4 City Walk	2	Flat
£1,250	05/24	0.16 mi	Butcher Street, Leeds	2	Flat
£1,500	05/24	0.16 mi	Ironworks, Leeds City Centre	2	Terraced House
£1,000	12/24	0.16 mi	-	2	Flat
£1,100	05/24	0.16 mi	City Walk, Leeds, LS11	2	Flat
£1,425	05/24	0.16 mi	Mustard Wharf at Tower Works, Industrial Collection	2	Flat

Local Area Statistics

Population in LS11	34,73234,732
Population in Leeds	635,166635,166
Town centre distance	0.73 miles away0.73 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.17 miles away0.17 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

Listed for £170,000

November 22, 2024

Floor Plans

Description

Iconic 30 storey building +
Very central location +
Views over the City and beyond +
2 bedrooms +
2 bathrooms +
Parking +
Concierge +

16TH FLOOR, CITY VIEWS, TWO BEDROOMS, TWO BATHROOMS, SECURE PARKING, ON-SITE CONCIERGE, LET UNTIL FEBRUARY 2026

The popular Bridgewater Place development completed in 2007, comprises 200 apartments across 30 stories and offers unparralled Leeds City Centre views. Bridgewater Place is ideally located South of Leeds City Centre with Leeds Train Station, City Centre Shopping, Restaurants and Bars only a short walk away. Bridgewater Place also benefits from an on-site concierge and offers secure underground parking.

We have been informed by the owner
Ground rent £370
Lease of 250 years from 2007
Service charge £1204 per quarter
Council Tax band D

Nigel Lenton’s 42 years in sales and lettings means you are in very safe and trustworthy hands at The Agency.

Agent Details

The Estate Agency Leeds, Leeds

0113 519 0549

Next Steps?

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

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