2 Bed Flat, Planning Permission, Leeds, LS16 6AU, £140,000

Redesdale Gardens, Adel, Leeds, LS16 6AU - 4 views - 5 months ago

Sold STC
Leasehold
Planning
ROI: 5%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£67.5K - £230K
Sold Prices/m²£1.3K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£151,940
BMV9%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£795 - £1,300

Rent Estimate

£800

Running Costs/mo

£618

Cashflow/mo

£183

Cashflow/yr

£2,190

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £67.5K to £230K, average is £144.5K. £1.3K/m² to £2.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£119K12/220.01 mi60, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£137.5K02/210.01 mi14, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£160K06/240.01 mi10, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£145K10/230.01 mi62, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£113K03/210.02 mi3, Redesdale Gardens, Leeds, West Yorkshire LS16 6AT2
£113K03/210.02 mi3, Redesdale Gardens, Leeds, West Yorkshire LS16 6AT2
£125K10/210.06 mi7, Rothbury Gardens, Leeds, West Yorkshire LS16 6AW2
£170K12/220.07 mi82, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AU2
£160K11/230.07 mi26, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£135K11/200.07 mi54, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£150K06/240.07 mi30, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£148.5K12/230.07 mi16, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£130K09/230.07 mi56, New Adel Lane, Leeds, West Yorkshire LS16 6AN2
£139K07/210.07 mi371, Otley Road, Leeds, West Yorkshire LS16 6AL2
£115K03/210.07 mi397, Otley Road, Leeds, West Yorkshire LS16 6AL2
£144K05/230.07 mi389, Otley Road, Leeds, West Yorkshire LS16 6AL2
£160K12/220.13 mi71, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AY2
£120K01/210.13 mi74, New Adel Lane, Leeds, West Yorkshire LS16 6AP2
£137.5K11/200.15 mi59, Redesdale Gardens, Leeds, West Yorkshire LS16 6AY2
£145K03/230.16 mi114, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£147K02/240.16 mi148, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£140K03/230.16 mi132, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£117K11/230.16 mi86, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£110K05/230.16 mi2, Otterburn Gardens, Leeds, West Yorkshire LS16 6AS2
£145K05/210.16 mi19, Otterburn Gardens, Leeds, West Yorkshire LS16 6AS2
£145K10/220.22 mi158, Redesdale Gardens, Adel, Leeds, West Yorkshire LS16 6AX2
£170K10/220.22 mi24, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£149.5K07/210.23 mi19, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£140K07/210.23 mi44, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£136K10/200.23 mi34, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£152K11/230.23 mi49, Lawns Hall Close, Leeds, West Yorkshire LS16 8HY2
£84K01/210.37 mi17, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£80K05/210.37 mi1, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£80K07/210.37 mi9, Magdalene Close, Leeds, West Yorkshire LS16 6QJ2
£153.1K01/230.44 mi14, Heathfield Walk, Leeds, West Yorkshire LS16 7QQ2
£165K12/210.59 mi17, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£182.5K03/210.59 mi18, Oaklands Fold, Adel, Leeds, West Yorkshire LS16 8NT2
£175K02/230.63 mi42, Long Causeway, Adel, Leeds, West Yorkshire LS16 8EQ2
£110K10/220.67 mi82, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£75K05/230.67 mi88, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£95K05/230.67 mi90, Ireland Crescent, Leeds, West Yorkshire LS16 6SZ2
£230K06/210.72 mi7, Glendower Park, Adel, Leeds, West Yorkshire LS16 8HA2
£114K08/210.74 mi193, Iveson Drive, Leeds, West Yorkshire LS16 6NY2
£175K12/230.78 mi299, Otley Road, Leeds, West Yorkshire LS16 6EY2
£185K05/230.8 mi44, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£163K01/210.8 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£171K04/240.8 mi45, Foxhill Court, Leeds, West Yorkshire LS16 5PN2
£158K01/210.81 mi11, Grange Wood Court, Leeds, West Yorkshire LS16 6ED2
£165K03/240.82 mi12, Foxhill Court, Leeds, West Yorkshire LS16 5PL2
£67.5K01/210.83 mi26, Holtdale Fold, Leeds, West Yorkshire LS16 7RS2

Local Rents

19 rents from £795/mo to £1.3K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£82505/240 miRedesdale Gardens, Adel, Leeds2
£85001/240.04 mi-2
£1,30003/250.05 mi-2
£1,10003/240.05 mi-2
£82505/240.06 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£85005/240.08 miRedesdale Gardens, Adel, Leeds2
£80005/240.09 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£82505/240.09 miNew Adel Lane, Leeds, West Yorkshire, UK, LS162
£95003/250.1 mi-2
£1,15009/240.11 mi-2
£89512/230.11 mi-2
£95006/240.16 miRedesdale Gardens, Leeds, LS162
£79501/240.16 mi-2
£79505/240.22 miRedesdale Gardens, Adel, LEEDS 162
£1,20005/240.25 miWoodlands Grove, Adel, Leeds, West Yorkshire.2
£89505/240.42 miRaynel Mount, Adel, Leeds2
£99505/240.49 miAdel Grange Mews, Adel, Leeds, West Yorkshire2
£98001/250.49 mi-2
£1,20005/240.5 miLuttrell Gardens, Lawnswood, Leeds, LS16 6LY2

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.77 miles away

Nearest school

0.50 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £140,000

November 27, 2024

Sold for £128,950

2007

Sold for £116,000

2005

Floor Plans

Description

  • First Floor Apartment +
  • 2 Bedrooms +
  • Lounge + Separate Office/Dining Room +
  • Re Roofed in 2021 +
  • New Combination Boiler installed in 2023 +
  • Double Glazed +
  • Ideal 1st Purchase or Investment +
  • No Chain +

A 2 bedroom first floor apartment in a popular North Leeds suburb, benefiting form good access to nearby ring roads, shops and services the property makes an ideal first purchase, investment or downsizing opportunity – No Chain

A 2 Bedroom First Floor Apartment with its own Private Entrance in Adel, North Leeds.

Situated in the highly sought-after district of Adel, North Leeds, this charming two-bedroom first floor apartment offers a fantastic opportunity for first-time buyers, downsizers, or investors. Set within a well-maintained development of similar properties, the apartment is conveniently located near local ring roads and bus routes, ensuring easy access to Leeds city centre and beyond. Adel itself is a popular area, known for its excellent selection of shops, restaurants, and parks, making this an ideal location for modern living.

The apartment benefits from its own private entrance, with a few steps leading up to the door. Upon entering, you’ll find stairs rising to the first floor accommodation.

The first floor landing provides access to all rooms, with a spacious feel and neutral decor throughout.

The kitchen is equipped with modern wall and base units, offering ample storage and workspace. The kitchen features a 1 ½ bowl sink, integrated fridge, oven, hob, and combi boiler. There is also space for additional white goods, and the room is finished with tiled splashbacks and double-glazed windows to the rear and side, providing plenty of natural light.

The lounge is a generous and inviting space, with a large UPVC double-glazed bay window to the front that fills the room with light. A feature fireplace with a living flame gas fire, tiled hearth, and wooden surround adds character to the space. An opening from the lounge leads into an additional reception area, with a double-glazed window to the front. This versatile room can be used as an office, dining room, or even converted back into a third bedroom if required.

The main bedroom is a comfortable, with a range of fitted drawers and wardrobe units, along with a useful storage cupboard. A double-glazed window to the rear offers views over the communal gardens.

The second bedroom is a good-sized room with a double-glazed window to the front, making it ideal for guests, children, or as a home office.

The bathroom is appointed with a panelled bath and shower over, a WC, and a wash hand basin. Tiled floors and walls add to the modern feel, and a double-glazed window to the rear.

Outside, the apartment benefits from communal gardens to both the front and rear of the property. The front garden is laid to lawn with mature shrubs and low brick walls, while the rear garden offers a larger, well-maintained lawn area surrounded by mature plants and trees. On-street parking is available to the front of the property.

Offered with no onward chain, this property has been successfully let for many years and represents an ideal investment opportunity, a perfect first-time purchase, or a great choice for those looking to downsize.

In summary, this well-located, low-maintenance apartment offers spacious accommodation, a private entrance, and a lovely setting within one of North Leeds’ most desirable neighbourhoods. Viewing is highly recommended!

MATERIAL INFORMATION:

TENURE
Leasehold for a term of 215 years from 25/03/1976

SERVICE CHARGE
We understand the service charge to be £350 per anum.

GROUND RENT
Our seller advises the ground rent to £0 per annum.

SERVICES
The property has mains gas, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.

BROADBAND/MOBILE SIGNAL & COVERAGE
BROADBAND is available in this area / MOBILE SIGNAL & COVERAGE is available in this area.

FLOOD RISK & PLANNING PERMISSION
FLOOD RISK – not known to be an issue / PLANNING PERMISSION – none in the immediate area.

COUNCIL TAX BAND B

Agent Details

Linley & Simpson, North Leeds

01334 237513

Next Steps?

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