2 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 6JR, £180,000

Otley Old Road, Leeds, West Yorkshire, LS16 6JR - 4 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 2%
~68 m²
+21 photos

ValuationFair Value

Sold Prices£135K - £325K
Sold Prices/m²£1.8K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£193,402

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£26,951

Bridging Loan Interest

£4,725

Total Cash In

£85,026

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,402

Mortgage (After Refinance)

£145,051

Mortgage LTV

75%

Cash Released

£10,051

Cash Left In

£74,975

Equity

£48,350

Rent Range

£795 - £1,300

Rent Estimate

£937

Running Costs/mo

£812

Cashflow/mo

£125

Cashflow/yr

£1,503

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £135K to £325K, average is £220K. £1.8K/m² to £6.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£223K10/210.07 mi10, Laith Gardens, Leeds, West Yorkshire LS16 6LH2
£210K08/210.08 mi130, Otley Old Road, Leeds, West Yorkshire LS16 6JS2
£190K03/230.09 mi12, Raynel Approach, Leeds, West Yorkshire LS16 6JT2
£189.9K08/210.1 mi28, Raynel Way, Leeds, West Yorkshire LS16 6JU2
£230K12/220.15 mi39, Raynel Drive, Leeds, West Yorkshire LS16 6BS2
£214K09/210.19 mi19, Haven Croft, Leeds, West Yorkshire LS16 6SF2
£250K09/230.21 mi7, Haven Croft, Leeds, West Yorkshire LS16 6SF2
£235K07/210.21 mi3, Haven Croft, Leeds, West Yorkshire LS16 6SF2
£245K10/230.21 mi8, Haven Croft, Leeds, West Yorkshire LS16 6SF2
£205K06/230.23 mi50, Raynel Way, Leeds, West Yorkshire LS16 6JX2
£207.5K01/240.24 mi86, Raynel Drive, Leeds, West Yorkshire LS16 6BP2
£325K09/210.28 mi391, Otley Old Road, Leeds, West Yorkshire LS16 6BX2
£204K01/210.29 mi27, Grove Farm Close, Leeds, West Yorkshire LS16 6DA2
£222K11/200.3 mi1, Eaton Hill, Leeds, West Yorkshire LS16 6SE2
£280K03/210.32 mi75, Haven Chase, Leeds, West Yorkshire LS16 6SG2
£220K02/210.33 mi89, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BZ2
£240K05/240.35 mi30, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BY2
£230K02/230.36 mi20, Iveson Crescent, Leeds, West Yorkshire LS16 6NU2
£237.5K04/210.39 mi3, Grove Farm Croft, Leeds, West Yorkshire LS16 6DE2
£280K05/230.39 mi11, Tinshill Lane, Leeds, West Yorkshire LS16 6BU2
£181K07/210.39 mi47, Tinshill Lane, Leeds, West Yorkshire LS16 6BU2
£315K10/230.41 mi499, Spen Lane, Leeds, West Yorkshire LS16 6HL2
£300K03/230.45 mi29, Holt Drive, Leeds, West Yorkshire LS16 7QE2
£220K05/210.45 mi3, Holt Drive, Leeds, West Yorkshire LS16 7QE2
£180.1K04/210.48 mi5, Bedford Close, Leeds, West Yorkshire LS16 6DS2
£225K12/200.49 mi10, Oak Park Drive, Leeds, West Yorkshire LS16 6FJ2
£205K09/230.49 mi3, Tinshill View, Leeds, West Yorkshire LS16 7AT2
£190K09/210.5 mi4, Bedford Close, Leeds, West Yorkshire LS16 6DS2
£230K11/210.53 mi19, Kenworthy Rise, Leeds, West Yorkshire LS16 7QW2
£180.5K12/200.58 mi8, Tealby Close, Leeds, West Yorkshire LS16 6RS2
£165K01/210.62 mi25, Parkstone Avenue, Leeds, West Yorkshire LS16 6EW2
£162K03/210.62 mi5, Parkstone Avenue, Leeds, West Yorkshire LS16 6EW2
£246.3K01/240.64 mi127, Tinshill Lane, Leeds, West Yorkshire LS16 6DG2
£299.9K04/210.67 mi114b, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£299.9K04/210.67 mi114b, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£215K05/230.67 mi100, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£235K01/230.68 mi11, Beechwood Court, Leeds, West Yorkshire LS16 7TR2
£220K11/210.68 mi3, Beechwood Court, Leeds, West Yorkshire LS16 7TR2
£193.5K07/240.68 mi65, Silk Mill Approach, Leeds, West Yorkshire LS16 6RP2
£269.9K09/210.73 mi3, Wrenbury Grove, Leeds, West Yorkshire LS16 7EJ2
£325K02/210.73 mi3, Kirkwood Avenue, Leeds, West Yorkshire LS16 7JT2
£182.5K05/240.73 mi24, Silk Mill Bank, Leeds, West Yorkshire LS16 6PS2
£227.5K02/240.73 mi15, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£175.5K11/200.73 mi45, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£199K01/210.73 mi39, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£218K07/210.73 mi21, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£235K12/220.73 mi35, Woodnook Drive, Leeds, West Yorkshire LS16 6PG2
£187K04/230.74 mi37, Woodnook Drive, Leeds, West Yorkshire LS16 6PG2
£155K08/210.74 mi55, Woodnook Drive, Leeds, West Yorkshire LS16 6PG2
£135K10/200.74 mi33, Holtdale Croft, Leeds, West Yorkshire LS16 7SQ2

Local Rents

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

RentDateDistanceAddressBeds 
£89505/240.16 miRaynel Mount, Adel, Leeds2
£1,02010/240.28 mi-2
£1,05005/240.28 miIveson Green, LEEDS2
£79505/240.28 miRedesdale Gardens, Adel, LEEDS 162
£79501/240.34 mi-2
£95006/240.35 miRedesdale Gardens, Leeds, LS162
£1,20005/240.37 miLuttrell Gardens, Lawnswood, Leeds, LS16 6LY2
£1,00005/240.39 miTinshill Lane, LEEDS2
£1,15009/240.4 mi-2
£89512/230.4 mi-2
£80005/240.41 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£85005/240.42 miRedesdale Gardens, Adel, Leeds2
£95003/250.42 mi-2
£1,10006/240.44 miHaven View, Leeds, LS162
£1,10007/240.44 mi-2
£82505/240.45 miNew Adel Lane, Leeds, West Yorkshire, UK, LS162
£85001/240.46 mi-2
£1,10003/240.46 mi-2
£1,30003/250.46 mi-2
£79506/240.47 mi6 Holtdale View, Leeds, LS162
£82505/240.5 miRedesdale Gardens, Adel, Leeds2
£89505/240.55 mi34 Bedford Mount, Leeds, LS16 6DP2
£82505/240.56 miRedesdale Gardens, Leeds, West Yorkshire, UK, LS162
£89506/240.62 miSilk Mill Approach, Leeds, West Yorkshire, LS162

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.95 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £180,000

December 11, 2024

Sold for £95,000

2005

Sold for £39,000

1998

Floor Plans

Description

  • NO CHAIN SALE. +
  • Semi-detached home. +
  • Two dbl beds. +
  • Potential to create 3rd bed. +
  • In need of modernisation. +
  • Good size corner plot. +
  • Gardens to three sides. +
  • Through lounge; dual aspect windows. +
  • Fitted kitchen at rear. +
  • Utility/guest WC. +

FOR SALE WITH MODERN METHOD OF AUCTION, Starting bids £180,000*
NO CHAIN - Two bedroom semi-detached home, offers potential to create a third bedroom. Located in sought after Cookridge and within walking distance of local amenities and highly regarded schools, including Ireland Wood Primary. With excellent transport links to Leeds and Bradford, it’s ideal for families or commuters alike. The home features a side entrance with storage, a fitted kitchen, utility room, hallway and a spacious lounge on the ground floor. Upstairs, there are two generous bedrooms and large family bathroom. Outside there are low-maintenance gardens to the front, side and rear. Driveway for parking and a large garden shed. A fantastic opportunity in a prime location!

INTRODUCTION
Whitebeam House offers so much potential, this family home is situated in this highly sought after location, close to schools, local amenities, Horsforth Train St., & excellent transport links. Delightful countryside close to hand too! Sited on a good size corner plot with wrap around, low maintenance gardens and driveway parking for several cars. The property is offered with no onward chain and is in need of modernisation throughout, but offers spacious living accommodation with two double bedrooms and scope to create a third. Briefly comprises; entrance porch, entrance hall, spacious lounge with windows to front and rear, good size kitchen with access to guest WC and utility. Upstairs are two excellent size double beds, storage cupboard off the landing with window and house bathroom. Don't miss this superb opportunity to make this house your own.

LOCATION
Cookridge is a popular village with a good mix of accommodation and amenities available, along with reputable schools, a recently re-designed and re-furbished sports club/swimming pool, Asda superstore and a Health Centres at Holt Park. Ideally situated for access to Otley Road (A660) and the Ring Road (A6120) thus making commuting straight forward. Public transport facilities are good by bus or alternatively by railway from the Horsforth Train Station located at the bridge on the Horsforth/Cookridge border. Horsforth village is just next-door where a vast range of shops, supermarkets, pubs and restaurants can be found. Beautiful countryside can be found within a short distance and the Cookridge Hall Golf Course and Bannatyne health club are on the doorstep. Headingley is a short distance away with a vibrant mix of shops and restaurants, plus the renowned Headingley Stadium for rugby & Cricket.

HOW TO FIND THE PROPERTY
SAT NAV - Postcode LS16 6JR

ACCOMMODATION

GROUND FLOOR
Entrance door to...

ENTRANCE VESTIBULE 7'6" x 4' (2.29m x 1.22m)
A welcoming entrance which is light and airy. Space to shelter from the elements and remove/store shoes and coats. Practical tiled floor. Window to the side aspect.

ENTRANCE HALL 7'5" x 5'7" (2.26m x 1.7m)
Staircase to the first floor and doors to...

LOUNGE 18'5" x 10'6" (5.61m x 3.2m)
A spacious sitting room with large dual aspect windows to the front and rear aspects, allowing natural light to flood the room. Central feature fireplace. Door into...

KITCHEN 12'5" x 10'8" (max) (3.78m x 3.25m (max))
Positioned at the rear of the property is a well proportioned and functional fully fitted kitchen with wood wall, base and drawer units, wood effect laminate worksurfaces and ceramic sink, side drainer and mixer tap. Space for freestanding cooker. Large window overlooks the rear garden. Access to a large storage/larder cupboard and door into rear porch.

REAR PORCH
Access to guest WC, storage cupboard and outside.

GUEST WC
Handy downstairs WC with handwash basin, chrome heated towel rail and lino flooring. Window to the side aspect.

FIRST FLOOR

LANDING
Light landing area with dual aspect windows. Access to a large storage cupboard with window. Doors to...

BEDROOM ONE 15'3" x 9'6" (4.65m x 2.9m)
Spacious Master double bedroom. Built in wardrobes. Window to the front elevation.

BATHROOM 8'2" x 5'5" (2.5m x 1.65m)
In need of modernisation. Currently fitted with a white three piece suite comprising, corner bath tub with shower over, WC and pedestal hand wash basin. Dual aspect windows to the side and rear elevation, lovely and light.

BEDROOM TWO 13'10" x 8'7" (4.22m x 2.62m)
Another good size double bedroom. Window to the rear elevation.

OUTSIDE
The property sits on a good size corner plot with low maintenance, enclosed gardens to three sides. To the front is a small lawn. You access the property via a large set of double metal gates with pedestrian access onto a large driveway/parking forecourt to the side, suitable for 2/3 cars and a large storage shed. At the rear is a easy to maintain paved garden set on two levels, with a seating area towards the back.

MODERN METHOD OF AUCTION
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must download and view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

BROCHURE DETAILS
Hardisty and Co prepared these details, including photography, in accordance with our estate agency agreement.

SERVICES – Disclosure of Financial Interests
Unless instructed` otherwise, the company would normally offer all clients, applicants and prospective purchasers its full range of estate agency services, including the valuation of their present property and sales service. We also intend to offer clients, applicants and prospective purchasers' mortgage and financial services advice through our association with our in-house mortgage and protection specialists HARDISTY FINANCIAL. We will also offer to clients and prospective purchasers the services of our panel solicitors, removers and contactors. We would normally be entitled to commission or fees for such services and disclosure of all our financial interests can be found on our website.

MORTGAGE SERVICES
We are whole of market and would love to help with your purchase or remortgage. Call Hardisty Financial to book your appointment today option 3.

Agent Details

Hardisty & Co, Horsforth

0113 519 3380

Next Steps?

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