3 Bed Flat, Planning Permission, Leeds, LS16 6EJ, £175,000

Ring Road, West Park, Leeds, LS16 6EJ - 4 months ago

Sold STC
Leasehold
Planning
ROI: 6%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£100K - £429.9K
Sold Prices/m²£943/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£210,000
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Total Cash In

£53,700

 

 

Cash Out

 

Rent Range

£950 - £1,979

Rent Estimate

£1,018

Running Costs/mo

£770

Cashflow/mo

£248

Cashflow/yr

£2,970

ROI

6%

Gross Yield

7%

Local Sold Prices

23 sold prices from £100K to £429.9K, average is £187.5K. £943/m² to £5.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£429.9K06/240.12 miThe Grange, Flat 4, Otley Road, Leeds, West Yorkshire LS16 6EY3
£240K09/210.12 miFlat 2, The Grange, Otley Road, Leeds, West Yorkshire LS16 6EY3
£177K11/200.46 mi22, Foxhill Court, Leeds, West Yorkshire LS16 5PL3
£175K08/230.49 mi49, Foxhill Court, Leeds, West Yorkshire LS16 5PN3
£170K10/210.49 mi46, Foxhill Court, Leeds, West Yorkshire LS16 5PN3
£230K12/220.56 mi16, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU3
£185K03/230.56 mi1, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU3
£100K12/200.68 mi19, Iveson Garth, Leeds, West Yorkshire LS16 6LL3
£205.6K02/211.13 mi2, Broadgate Court, Horsforth, Leeds, West Yorkshire LS18 5TF3
£220K02/231.22 mi10, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG3
£245K06/231.22 mi9, Chancel Square, Meanwood, Leeds, West Yorkshire LS6 4FG3
£161K04/211.22 mi3, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ3
£193K01/211.22 mi58, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ3
£280K12/201.23 mi14, Rokeby Gardens, Leeds, West Yorkshire LS6 3JZ3
£180K06/231.26 mi23, Lawson Wood Drive, Meanwood, Leeds, West Yorkshire LS6 4RW3
£122K06/211.35 mi34, Derwentwater Grove, Leeds, West Yorkshire LS6 3EN3
£419.9K09/211.39 mi35, Woodway, Horsforth, Leeds, West Yorkshire LS18 4HY3
£290K05/211.51 mi3 Moorbank Court, Shire Oak Road, Leeds, West Yorkshire LS6 2DD3
£115K07/231.57 mi56, Kirkstall Hill, Leeds, West Yorkshire LS4 2TX3
£187K09/211.61 miFlat 13, Grange Court, North Grange Mount, Leeds, West Yorkshire LS6 2BZ3
£187.5K11/231.62 mi19, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB3
£100K03/211.91 mi8, Alwoodley Court, Leeds, West Yorkshire LS17 7BB3
£212.5K03/231.99 mi41, Barnbrough Street, Leeds, West Yorkshire LS4 2QY3

Local Rents

15 rents from £950/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40004/250.17 mi-3
£1,35006/240.21 mi-3
£1,29505/240.29 miLatchmere Gardens, Leeds, West Yorkshire, LS163
£1,10005/240.4 miParkstone Mount, Leeds, LS163
£95005/240.44 miIveson Drive, Leeds, West Yorkshire3
£1,02511/240.47 mi-3
£99505/240.49 miFoxhill Court, Weetwood3
£1,65005/240.53 miCarisbrooke Road, Leeds, West Yorkshire, LS163
£1,70005/240.53 miCarisbrooke Road, Leeds, West Yorkshire, LS163
£1,52501/250.55 mi-3
£1,50003/250.55 mi-3
£1,20012/240.56 mi-3
£1,97904/250.56 mi-3
£1,40012/230.56 mi-3
£1,20005/240.57 miButcher Hill, LEEDS3

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.02 miles away

Nearest school

0.10 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £175,000

March 8, 2025

Price changed to £180,000

January 23, 2025

Listed for £190,000

December 6, 2024

Floor Plans

Description

  • Spacious 1st Floor Apartment +
  • 3 Good Sized Bedrooms +
  • Dual Aspect Lounge/Diner +
  • Seperate Kitchen +
  • Double Glazing +
  • Long Lease +
  • Communal Gardens +
  • Parking and Garage +
  • No Onward Chain +
  • Viewing Advised +

A Spacious 3 Bedroom First Floor Apartment in a Popular North Leeds Suburb. Complimented with Communal Gardens, Parking and Garage. Ideal first Purchase, Investment or Downsizing Opportunity. NO CHAIN.

Welcome to this inviting and spacious first floor apartment located in the desirable area of West Park, North Leeds. Situated within a small apartment block of just 4 units, this property offers a comfortable and convenient lifestyle with excellent transport links and proximity to local amenities including shops, schools, and services.

Key Features:

Location: West Park, North Leeds
Bedrooms: 3
Bathrooms: 1
Reception Rooms: 1
Property Type: First Floor Apartment
Transport: Excellent transport links
Local Amenities: Close to shops, schools, and services

Property Description:
Upon entering the apartment block, you are greeted by a spacious entrance hallway providing access to the ground floor apartments and stairs leading to the first floor. The first-floor landing is bright and airy, featuring a roof light that floods the area with natural light.

Inside the apartment, a welcoming hallway leads to all rooms and includes a convenient airing cupboard housing the hot water tank. The Lounge/Diner is generously sized with dual aspect double glazed windows offering ample natural light and a charming feature fire. The kitchen is well-equipped with a range of wall and base units, work surfaces, an oven, hob, and space for additional appliances.

The main bedroom, situated to the rear of the property, boasts dual aspect double glazed windows and fitted wardrobes. The second and third bedrooms are also well-proportioned with double glazed windows to the side aspect. The house bathroom features a bath with a shower over, WC, and wash hand basin in a vanity unit.

Outside:
The property benefits from a good-sized communal garden to the front, predominantly laid to lawn with mature shrubs, plants, and trees, enclosed by privacy screening hedges. To the rear, there is parking available along with a useful garage located in a block, offering convenient and secure storage.

Ideal Purchase:
Benefiting from no onward chain this property presents an ideal opportunity for first-time buyers, investors, or those looking to downsize. With its spacious layout, convenient location, and practical amenities, it offers a comfortable and versatile living space.

Viewing:
To appreciate all that this lovely apartment has to offer, we recommend arranging a viewing at your earliest convenience.

For more information or to schedule a viewing, please contact us on

MATERIAL INFORMATION:

TENURE
Leasehold for a term of 999 years from 28/08/1963.

SERVICE CHARGE
We understand the service charge to be £55 per calendar month.

GROUND RENT
Our seller advises the ground rent to be £15 per Month.

SERVICES
The property has mains 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 C

Agent Details

Linley & Simpson, North Leeds

01334 237513

Next Steps?

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