4 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 5BD, £310,000

Spen Lane, Leeds, West Yorkshire, LS16 5BD - 2 views - 3 months ago

Refurb/BRRR
~129 m²
+9 photos

ValuationUndervalued

Sold Prices£132K - £575K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.4K/m²

Value Estimate

£354,873

 

 

End Value (After Refurb)

£354,564

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£17,500

Refurb Costs

£51,147

Bridging Loan Interest

£8,138

Total Cash In

£156,034

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£354,564

Mortgage (After Refinance)

£265,923

Mortgage LTV

75%

Cash Released

£33,423

Cash Left In

£122,611

Equity

£88,641

Rent Range

£850 - £2,580

Rent Estimate

£1,478

Running Costs/mo

£1,424

Cashflow/mo

£54

Cashflow/yr

£653

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £132K to £575K, average is £380K. £1.4K/m² to £4.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£510K10/200.14 mi18, West Park Drive, Leeds, West Yorkshire LS16 5AS4
£462.5K06/210.16 mi7, Moor Grange View, Leeds, West Yorkshire LS16 5BN4
£425K12/220.25 mi6, Moor Grange Rise, Leeds, West Yorkshire LS16 5BP4
£575K12/200.28 mi8, Edgerton Road, Leeds, West Yorkshire LS16 5JD4
£325K10/230.31 mi241, Queenswood Drive, Leeds, West Yorkshire LS6 3NB4
£420K12/200.32 mi9, Helmsley Road, Leeds, West Yorkshire LS16 5JA4
£375K08/230.49 mi74, Parkstone Avenue, Leeds, West Yorkshire LS16 6EN4
£410K09/210.49 mi51, Wynford Avenue, Leeds, West Yorkshire LS16 6JN4
£360K12/200.49 mi9, Wynford Avenue, Leeds, West Yorkshire LS16 6JN4
£397.4K06/210.51 mi409, Spen Lane, Leeds, West Yorkshire LS16 6JE4
£290.5K04/210.52 mi11, Lea Farm Crescent, Leeds, West Yorkshire LS5 3QQ4
£270K01/230.52 mi8a, Lea Farm Drive, Leeds, West Yorkshire LS5 3QG4
£430.2K06/210.54 mi10, Wynford Rise, Leeds, West Yorkshire LS16 6HX4
£410K07/230.57 mi7, Huntington Crescent, Leeds, West Yorkshire LS16 5RT4
£461K06/210.57 mi1, Huntington Crescent, Leeds, West Yorkshire LS16 5RT4
£410K02/210.59 mi19, Otley Old Road, Leeds, West Yorkshire LS16 6HB4
£520K02/230.6 mi21, Vesper Road, Leeds, West Yorkshire LS5 3NU4
£365K04/230.63 mi464, Spen Lane, Leeds, West Yorkshire LS16 6JD4
£365K06/210.63 mi7, Thornbury Avenue, Leeds, West Yorkshire LS16 5RN4
£395K01/230.63 mi19, Montgomery Avenue, Leeds, West Yorkshire LS16 5RQ4
£261K10/220.64 mi126, Queenswood Drive, Leeds, West Yorkshire LS6 3LJ4
£402.5K05/240.64 mi22, Montgomery Avenue, Leeds, West Yorkshire LS16 5RW4
£427.5K11/200.65 mi6, Monkswood, Leeds, West Yorkshire LS5 3QZ4
£363K11/200.65 mi8, Otley Old Road, Leeds, West Yorkshire LS16 6HD4
£575K10/230.66 mi93, Otley Old Road, Leeds, West Yorkshire LS16 6HG4
£450K05/240.66 mi20, Alnwick View, Leeds, West Yorkshire LS16 5RP4
£230K07/210.66 mi7, Alnwick View, Leeds, West Yorkshire LS16 5RP4
£385K12/200.66 mi349, Otley Road, Leeds, West Yorkshire LS16 6HE4
£360K12/200.66 mi345, Otley Road, Leeds, West Yorkshire LS16 6HE4
£522.5K02/210.66 mi3, Birch Hill Rise, Horsforth, Leeds, West Yorkshire LS18 4SG4
£425.5K01/230.67 mi16, Montgomery Avenue, Leeds, West Yorkshire LS16 5RQ4
£375K07/220.67 mi17, Montgomery Avenue, Leeds, West Yorkshire LS16 5RQ4
£320K06/230.73 mi34, Knoll Wood Park, Horsforth, Leeds, West Yorkshire LS18 4SH4
£439.5K09/220.74 mi3, Woodside Hill Close, Horsforth, Leeds, West Yorkshire LS18 4HW4
£540K06/210.75 miWoodside Hall, Woodside Hill Close, Horsforth, Leeds, West Yorkshire LS18 4HW4
£265K11/200.75 mi31, Drummond Avenue, Leeds, West Yorkshire LS16 5JZ4
£290K02/230.75 mi11, Drummond Court, Leeds, West Yorkshire LS16 5QE4
£280K01/240.75 mi10, Drummond Court, Leeds, West Yorkshire LS16 5QE4
£290K09/210.76 mi2, Hawksworth Road, Horsforth, Leeds, West Yorkshire LS18 4JP4
£215K01/210.78 mi282, Low Lane, Horsforth, Leeds, West Yorkshire LS18 5DE4
£304K11/210.8 mi1, Abbeydale Grove, Leeds, West Yorkshire LS5 3RE4
£132K06/210.8 mi59, Woodbridge Lawn, Leeds, West Yorkshire LS6 3LU4
£452K01/210.8 mi73, Weetwood Lane, Leeds, West Yorkshire LS16 5NU4
£300K02/240.83 mi23, Queenswood Road, Leeds, West Yorkshire LS6 3NL4
£340K10/210.83 mi30, Aspen Mount, Leeds, West Yorkshire LS16 6RT4
£540K02/210.85 mi4, Hollin Gardens, Leeds, West Yorkshire LS16 5NL4
£435K01/230.86 mi35, Woodside Park Avenue, Horsforth, Leeds, West Yorkshire LS18 4TF4
£171K07/220.88 mi24, Hawksworth Grove, Leeds, West Yorkshire LS5 3NB4
£274.9K12/200.88 mi4, Abbeydale Way, Leeds, West Yorkshire LS5 3RB4
£290K03/210.88 mi5, Abbeydale Way, Leeds, West Yorkshire LS5 3RB4

Local Rents

32 rents from £850/mo to £2.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,95005/240.09 miWest Grove, West Park, Leeds, Yorkshire4
£2,19505/240.15 miSpen Lane, Leeds, LS164
£1,40012/230.21 mi-3
£1,20005/240.21 miButcher Hill, LEEDS3
£1,29505/240.26 miLatchmere Gardens, Leeds, West Yorkshire, LS163
£1,25003/250.43 mi-3
£2,42605/240.44 miWelburn Grove, Leeds, West Yorkshire, LS164
£97507/230.45 mi-3
£1,35006/240.45 mi-3
£1,40003/250.47 mi-3
£1,40004/250.5 mi-3
£2,00003/240.51 miLow Lane, Horsforth, Leeds, UK, LS183
£1,10005/240.53 miParkstone Mount, Leeds, LS163
£1,20012/240.54 mi-3
£1,65005/240.54 miCarisbrooke Road, Leeds, West Yorkshire, LS163
£1,70005/240.54 miCarisbrooke Road, Leeds, West Yorkshire, LS163
£1,97904/250.54 mi-3
£1,52501/250.55 mi-3
£1,50003/250.55 mi-3
£1,40003/250.56 mi-4
£2,10012/240.57 miHorsforth Mill, Low Lane, Horsforth, Leeds3
£85005/240.57 miBroadway, LS53
£2,58002/240.58 mi-3
£1,25005/240.58 miVesper Road, Leeds3
£95005/240.59 miIveson Drive, Leeds, West Yorkshire3
£99505/240.59 miVesper Road, Kirkstall3
£1,65005/240.59 mi-4
£1,00012/240.59 miParadise Grove, Horsforth, Leeds, West Yorkshire, LS183
£1,02512/240.61 mi-3
£1,02506/240.61 miWoodbridge Crescent, Leeds, LS63
£1,70005/240.61 miBroadway, Leeds, West Yorkshire, LS54
£1,10006/240.61 miBroadway, Kirkstall, Leeds, West Yorkshire, LS53

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

2.98 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £310,000

March 20, 2025

Price changed to £340,000

February 20, 2025

Listed for £360,000

January 17, 2025

Floor Plans

Description

  • Chain Free +
  • Two Reception Rooms +
  • Four Bedrooms +
  • Requires Modernisation +
  • Drive & Garage +
  • Material Information Available/Ask Agent +

*CHAIN FREE* FOUR BEDROOM semi with TWO RECEPTION ROOMS which REQUIRES REFURBISHMENT!

Located in a sought-after residential area, this charming semi-detached house boasts four bedrooms, making it an ideal family home. The property exudes a welcoming atmosphere with its spacious layout and character features. The garden provides outside space, perfect for relaxing or entertaining guests. Additionally, the property features convenient amenities such as off-street parking and a garage, ensuring ample space for vehicles and storage. With its desirable location and attractive features, once renovated this property will offer a perfect blend of comfort and practicality for discerning buyers seeking a quality home.

West Park is a highly sought after residential area of Leeds. It is within walking distance of local cafes and bistros and the cosmopolitan amenities in Headingley are a short distance away, as is the Ring Road, which allows quick, easy access to other Leeds suburbs. There is a local gym and health spa and nurseries, primary schools and high schools all lie within easy walking distance. Leeds Grammar School at Alwoodley Gates is accessible via the Ring Road and the school bus stops nearby.

Agent Details

Manning Stainton, Adel

0113 519 1444

Next Steps?

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