3 Bed Bungalow, Refurb/BRRR, Leeds, LS16 6BD, £345,000

New Adel Gardens, Leeds, LS16 6BD - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£157K - £680K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£270,143

 

 

End Value (After Refurb)

£278,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£86,250

Stamp Duty & Legal Fees

£16,300

Refurb Costs

£36,800

Bridging Loan Interest

£9,056

Total Cash In

£150,156

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£278,500

Mortgage (After Refinance)

£208,875

Mortgage LTV

75%

Cash Left In

£150,156

Equity

£69,625

Rent Range

£950 - £1,350

Rent Estimate

£1,148

Running Costs/mo

£1,120

Cashflow/mo

£28

Cashflow/yr

£337

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £157K to £680K, average is £273.5K. £1.8K/m² to £5.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£419.9K03/240 mi24, New Adel Gardens, Leeds, West Yorkshire LS16 6BD3
£369K10/230.04 mi8, New Adel Avenue, Leeds, West Yorkshire LS16 6BE3
£310K03/230.04 mi9, New Adel Avenue, Leeds, West Yorkshire LS16 6BE3
£315K02/240.09 mi102, New Adel Lane, Leeds, West Yorkshire LS16 6BB3
£225K03/230.1 mi26, Raynel Drive, Leeds, West Yorkshire LS16 6BS3
£181.8K09/230.1 mi4, Raynel Drive, Leeds, West Yorkshire LS16 6BS3
£350K03/230.15 mi48, Otley Old Road, Leeds, West Yorkshire LS16 6HW3
£214K05/230.15 mi17, Raynel Green, Leeds, West Yorkshire LS16 6BT3
£345K04/230.17 mi18, Laith Road, Leeds, West Yorkshire LS16 6LF3
£157K02/210.22 mi17, Raynel Mount, Leeds, West Yorkshire LS16 6BR3
£208K07/210.24 mi120, Otley Old Road, Leeds, West Yorkshire LS16 6JS3
£250K10/210.25 mi2, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£205K07/230.25 mi7, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£190K01/210.25 mi14, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£215K12/210.26 mi49, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£207K02/240.26 mi63, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£330K12/220.26 mi6, Shepcote Close, Leeds, West Yorkshire LS16 6SB3
£275K02/210.27 mi4, Shepcote Close, Leeds, West Yorkshire LS16 6SB3
£188.2K10/210.28 mi3, Laith Green, Leeds, West Yorkshire LS16 6NH3
£277K02/210.3 mi480, Spen Lane, Leeds, West Yorkshire LS16 6JB3
£680K07/230.31 mi36, The Drive, Adel, Leeds, West Yorkshire LS16 6BQ3
£220K07/230.33 mi9b, Raynel Gardens, Leeds, West Yorkshire LS16 6BW3
£265K08/230.33 mi49, Raynel Way, Leeds, West Yorkshire LS16 6JX3
£200K09/210.33 mi47, Raynel Way, Leeds, West Yorkshire LS16 6JX3
£395K04/210.34 mi139, Otley Old Road, Leeds, West Yorkshire LS16 6HH3
£448K02/240.34 mi21, Heathfield, Leeds, West Yorkshire LS16 6AQ3
£230K09/210.37 mi77, Farrar Lane, Leeds, West Yorkshire LS16 6BN3
£510K01/230.38 mi25, The Crescent, Adel, Leeds, West Yorkshire LS16 6AA3
£210K01/240.38 mi46, Iveson Drive, Leeds, West Yorkshire LS16 6NL3
£590K07/240.39 mi33, Broomfield, Adel, Leeds, West Yorkshire LS16 6AE3
£355.5K02/230.39 mi44, Spennithorne Avenue, Leeds, West Yorkshire LS16 6JA3
£381K12/200.42 mi60, Spennithorne Avenue, Leeds, West Yorkshire LS16 6JA3
£300K02/210.42 mi1, Haven Court, Leeds, West Yorkshire LS16 6SH3
£194.3K04/210.43 mi3, Luttrell Close, Leeds, West Yorkshire LS16 6LR3
£176K11/200.43 mi183, Iveson Drive, Leeds, West Yorkshire LS16 6NY3
£206K06/230.44 mi147, Iveson Drive, Leeds, West Yorkshire LS16 6NR3
£320K01/210.46 mi395, Otley Old Road, Leeds, West Yorkshire LS16 6BX3
£375K09/230.46 mi37, Eaton Hill, Leeds, West Yorkshire LS16 6SE3
£315K05/210.5 mi2, Haven Chase, Leeds, West Yorkshire LS16 6SG3
£249.5K06/240.5 mi83, Haven Chase, Leeds, West Yorkshire LS16 6SG3
£285K06/230.51 mi15, Silk Mill Mews, Leeds, West Yorkshire LS16 6SU3
£305K05/240.51 mi65, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BZ3
£240K08/240.51 mi20, Haven Gardens, Leeds, West Yorkshire LS16 6SN3
£272K10/230.51 mi7, Haven Gardens, Leeds, West Yorkshire LS16 6SN3
£220K05/230.51 mi17, Parkstone Grove, Leeds, West Yorkshire LS16 6EX3
£315K03/230.51 mi18, Heathfield Walk, Leeds, West Yorkshire LS16 7QQ3
£270K06/230.51 mi4, Parkstone Green, Leeds, West Yorkshire LS16 6EU3
£315K03/240.52 mi7, Holt Green, Leeds, West Yorkshire LS16 7QL3
£300K04/230.53 mi46, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BY3
£180K12/220.53 mi3, Parkstone Place, Leeds, West Yorkshire LS16 6EP3

Local Rents

13 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.2 miIveson Rise, Ireland Wood, Leeds3
£1,30003/240.24 mi-3
£1,00005/240.25 miRaynel Way, Adel, Leeds3
£1,35010/230.31 mi-3
£1,35001/250.31 mi-3
£1,00005/240.33 miRaynel Gardens, Adel, Leeds3
£95012/240.35 mi-3
£1,35005/240.36 miBroomfield, Leeds3
£1,02511/240.37 mi-3
£1,20002/250.43 mi-3
£95005/240.46 miIveson Drive, Leeds, West Yorkshire3
£1,10005/240.51 miParkstone Mount, Leeds, LS163
£1,30001/250.58 mi-3

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.81 miles away

Nearest school

0.10 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £345,000

December 26, 2024

Floor Plans

Description

  • Three Bed Dormer Bungalow +
  • Gated Driveway & Garage +
  • Generous Enclosed Rear Garden +
  • Sought After Adel Location +
  • Quiet Cul-de-sac +
  • Moments From Local Amenities +

SUMMARY
Internal viewing is highly recommended to appreciate the accommodation on offer with this semi-detached three bedroom Dormer bungalow. While the home could benefit from some modernisation, it boasts a bright, spacious interior, a large driveway, detached garage and generous mature gardens.

DESCRIPTION
Tucked away in a quiet haven at the end of a cul de sac in this highly desirable and friendly neighbourhood, and with lovely gardens to the front and rear, this bright and spacious 3-bedroom Dormer bungalow is bursting with potential for buyers to put their stamp on this characterful home. With great scope to extend and modernise, this charming property sits on a substantial plot in New Adel Gardens in one of Leeds’ most desirable residential areas and just a stone’s throw away from shops, a post office, restaurants and cafés, as well as a bus route direct to the city centre. The home briefly comprises: entrance hallway, spacious lounge open to the dining room, fitted kitchen, double bedroom, bathroom and wc all to the ground floor. The first floor offers a further double bedroom and a single along with an additional wc and eaves storage. The property benefits from a gated driveway leading to the detached garage offering ample off street parking and storage. There are mature and well stocked gardens to both front and rear providing a tranquil retreat in the warmer months with a paved area for outdoor entertaining. This home is sure to appeal to a wide variety of buyers.

New Adel Gardens 

Ground Floor 

Entrance Hallway 
Door to the side opening into a welcoming hallway with doors off to;

Lounge 15' 4" x 12' 9" ( 4.67m x 3.89m )
A spacious open plan lounge with neutral decor, capped gas fire place, radiator and large bay window to the front. There is an open arch leading through to the;

Dining Room 11' 2" x 11' 3" max ( 3.40m x 3.43m max )
Neutral decor, radiator and window to the side. A staircase rises to the first floor

Kitchen 
The spacious fitted kitchen offers a range of wall and base units with laminate worktops over and tiled splash backs, stainless steel sink with mixer tap. Double oven, induction hob, space for under counter fridge and freezer and plumbing for washing machine.
Laminate flooring, radiator, window and door to the side.

Bedroom One 10' 5" x 12' 5" ( 3.17m x 3.78m )
A good sized double bedroom to the ground floor with radiator and window to the rear

Bathroom 
The bathroom comprises; bath with shower over, wash basin, vinyl flooring, radiator and window to the side.

Seperate Wc 
Low flush wc, wash basin, vinyl flooring and window to the rear

First Floor 

Bedroom Two 12' 11" max x 9' 1" max ( 3.94m max x 2.77m max )
A second double bedroom with integrated wardrobe and skylight window

Bedroom Three 7' 1" max x 9' 1" ( 2.16m max x 2.77m )
A single bedroom with skylight window

Additional Wc 
Low flush wc, wash basin, vinyl flooring and skylight window

Outside 
The property benefits from a gated resin driveway. leading to a detached garage providing ample off street parking and storage.
There is an attractive front garden with well established shrubs and flower borders.

To the rear there is an extensive and highly secluded garden with mature borders, garden laid to lawn, and paved area an ideal space for relaxing.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Horsforth

0113 519 0637

Next Steps?

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