4 Bed Terraced House, Refurb/BRRR, Leeds, LS12 1NF, £160,000

Mitford Road, Leeds, West Yorkshire, LS12 1NF - 10 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~129 m²
+13 photos

ValuationUndervalued

Sold Prices£90K - £370K
Sold Prices/m²£862/m² - £3.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.2K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£223,635

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£51,147

Bridging Loan Interest

£4,200

Total Cash In

£103,097

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£223,635

Mortgage (After Refinance)

£167,727

Mortgage LTV

75%

Cash Released

£47,727

Cash Left In

£55,370

Equity

£55,909

Rent Range

£795 - £4,500

Rent Estimate

£1,268

Running Costs/mo

£972

Cashflow/mo

£296

Cashflow/yr

£3,546

ROI

3%

Gross Yield

10%

Local Sold Prices

38 sold prices from £90K to £370K, average is £187.5K. £862/m² to £3.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£120K05/210.13 mi4, Model Road, Armley, Leeds, West Yorkshire LS12 2BN4
£100K12/200.22 mi10, Gilpin Terrace, Leeds, West Yorkshire LS12 1HL4
£140K10/200.31 mi5, Laurel Grove, Armley, Leeds, West Yorkshire LS12 2DD4
£205K08/230.35 mi6, Cricketers Terrace, Leeds, West Yorkshire LS12 1ST4
£195K06/210.38 mi12, Tavistock Way, Leeds, West Yorkshire LS12 4DR4
£185K01/230.41 mi17, Athlone Grove, Leeds, West Yorkshire LS12 1UD4
£170K03/210.43 mi12, Athlone Terrace, Leeds, West Yorkshire LS12 1UA4
£229K01/210.44 mi16, Stradbroke Way, Leeds, West Yorkshire LS12 4NB4
£312.5K12/230.44 mi24, Stradbroke Way, Leeds, West Yorkshire LS12 4NB4
£245K12/200.48 mi29, Colmore Road, Leeds, West Yorkshire LS12 4DF4
£150K04/230.5 mi1, Cecil Mount, Armley, Leeds, West Yorkshire LS12 2AP4
£290K02/210.51 mi9, Saxstead Rise, Leeds, West Yorkshire LS12 4ND4
£140K12/230.55 mi5, Salisbury Terrace, Leeds, West Yorkshire LS12 2AY4
£265.5K09/210.56 mi2, Highfield View, Leeds, West Yorkshire LS12 4UE4
£180K04/230.59 mi14, Armley Park Road, Armley, Leeds, West Yorkshire LS12 2PG4
£140K12/200.77 mi6, Wortley Road, Leeds, West Yorkshire LS12 3HU4
£134K11/200.8 mi3, Imperial Terrace, Leeds, West Yorkshire LS12 3NS4
£225K06/230.81 mi38, Leysholme Drive, Leeds, West Yorkshire LS12 4HQ4
£155K06/210.85 mi83, Burley Lodge Terrace, Leeds, West Yorkshire LS6 1QD4
£155K02/230.85 mi6, Park Crescent, Armley, Leeds, West Yorkshire LS12 3NL4
£145K01/230.85 mi20, Highthorne View, Armley, Leeds, West Yorkshire LS12 3JR4
£215K07/210.85 mi18, Burley Lodge Road, Leeds, West Yorkshire LS6 1QP4
£190K03/230.86 mi10, Western Street, Leeds, West Yorkshire LS12 4SX4
£350K05/220.86 mi6, Kendal Rise, Leeds, West Yorkshire LS3 1NW4
£242.5K06/230.89 mi90, Burley Lodge Road, Leeds, West Yorkshire LS6 1QF4
£150K08/210.9 mi17, Whingate Grove, Leeds, West Yorkshire LS12 3RD4
£215K08/210.92 mi5, Haddon Place, Leeds, West Yorkshire LS4 2JU4
£191.5K06/210.92 mi11, Haddon Road, Leeds, West Yorkshire LS4 2JE4
£270K01/230.92 mi59, Haddon Road, Leeds, West Yorkshire LS4 2JE4
£90K03/240.93 mi10, Aberdeen Walk, Leeds, West Yorkshire LS12 3SB4
£154K04/210.94 mi11, Balm Place, Leeds, West Yorkshire LS11 9PF4
£190K01/230.96 mi23, Aberdeen Grove, Leeds, West Yorkshire LS12 3QY4
£135K07/230.97 mi1, Claremont Place, Leeds, West Yorkshire LS12 3ED4
£190K12/200.97 mi45, Bankfield Terrace, Leeds, West Yorkshire LS4 2JR4
£100K02/210.97 mi13, Aberdeen Grove, Leeds, West Yorkshire LS12 3QY4
£157.5K04/230.98 mi18, Springfield Mount, Armley, Leeds, West Yorkshire LS12 3QX4
£370K03/210.98 mi39, Fawcett Lane, Leeds, West Yorkshire LS12 4PG4
£237K09/221 mi44, Bankfield Terrace, Leeds, West Yorkshire LS4 2RE4

Local Rents

33 rents from £795/mo to £4.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.04 mi-4
£1,15002/250.05 mi-4
£1,15002/250.05 mi-4
£1,00006/240.13 miMd3
£79503/240.14 miFirst Avenue, Armley, Leeds, LS123
£94503/250.17 mi-3
£1,15005/240.17 miModel Terrace, Leeds, West Yorkshire4
£1,02505/240.18 miModel Road, LEEDS3
£89505/240.24 miBrooklyn Street, Leeds, West Yorkshire, LS123
£1,39505/240.26 mi-4
£1,25005/240.28 miBrentwood Terrace, Leeds, West Yorkshire, LS125
£4,50002/240.28 mi-5
£1,35004/250.3 mi-5
£94512/240.31 mi-3
£1,20012/240.31 mi-4
£90005/240.32 miChapel Lane, Armley, Leeds, LS123
£1,24503/250.35 mi-3
£1,15006/240.36 mi-4
£95005/240.37 miClyde Gardens, Leeds, LS123
£95005/240.37 mi-3
£94502/240.42 mi-3
£1,30012/240.42 mi-4
£99512/240.43 mi-3
£90002/250.43 mi-3
£1,25005/240.45 miElmfield Place4
£85001/240.45 mi-3
£85002/250.46 mi-3
£99502/240.46 mi-3
£1,10005/240.49 miLeeds, LS124
£90005/240.49 miCecil Mount, Leeds, LS123
£92005/240.57 miEyres Mill Side, Leeds, West Yorkshire, LS123
£2,50005/240.6 mi-3
£1,20005/240.62 miWaveney Road, Leeds, West Yorkshire, LS123

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £160,000

December 2, 2024

Floor Plans

Description

  • Four bedrooms +
  • No Chain +
  • Garden with peaceful views +
  • Great refurbishment opportunity +
  • Large kitchen/dining area +

A substantial four bedroom home, requiring modernisation but with plenty of character and period features throughout and benefitting from a peaceful, secluded garden.

Introduction
A wonderful opportunity to purchase a substantial four bedroom, through-terraced home in a central Armley location. With many period features still present, the chance for any buyer to modernise and refurbish to their own style and taste make for an exciting opportunity.

Description
Ground floor accommodation comprises a bright, well sized reception with high ceilings, plus a large kitchen/dining area to the rear. Upstairs there are four double bedrooms plus the main bathroom. Benefits include a paved rear garden (perfect for entertaining family and friends) with uninterrupted views over New Wortley Cemetery, plus a useful basement.
Viewings are highly recommended for either the perfect first time purchase or investment property, situated on a quiet residential street.

Location
Armley is a residential district in Leeds which was historically built for millworkers due to Leeds’ historic involvement in textiles. Located in South Leeds, Armley is less than a mile from Leeds city centre which makes commuting to the city centre which has the largest train station in the North of England very convenient. Armley also has fantastic road links and easy access to the motorways and bus links too for commuting. There are communal green spaces to be found throughout and there is easy access to shopping centres and smaller local shops along the high street too. There are good primary and secondary schools close by and there are remnants of Armley’s historic past in the form of many stone mills from the industrial revolution and monuments like St Bartholomew’s Church too.

Council Tax Band A
EPC rating E

Agent Details

Linley & Simpson, Pudsey

0113 519 4012

Next Steps?

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