2 Bed Terraced House, Refurb/BRRR, Leeds, LS9 7JT, £115,000

7 Westlock Avenue, Leeds, LS9 7JT - 6 views - 3 months ago

Refurb/BRRR
ROI: 7%
63 m²
+4 photos

ValuationOvervalued

Sold Prices£44K - £140K
Sold Prices/m²£759/m² - £2.6K/m²

 

 

Square Metres

63 m²
Price/m²£1.8K/m²

Value Estimate

£77,350

 

 

End Value (After Refurb)

£110,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Refurb Costs

£24,955

Bridging Loan Interest

£3,019

Total Cash In

£63,124

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Left In

£63,124

Equity

£27,500

Rent Range

£595 - £1,980

Rent Estimate

£914

Running Costs/mo

£547

Cashflow/mo

£367

Cashflow/yr

£4,409

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £44K to £140K, average is £93.9K. £759/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£137K08/230.17 mi14, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£74K10/230.17 mi6, Compton Avenue, Leeds, West Yorkshire LS9 7BW2
£44K10/210.17 mi10, Compton Avenue, Leeds, West Yorkshire LS9 7BW2
£88K08/210.17 mi16, Compton Terrace, Leeds, West Yorkshire LS9 7BZ2
£80.8K01/230.17 mi25, Compton Terrace, Leeds, West Yorkshire LS9 7BZ2
£91K04/230.21 mi21, Compton Crescent, Leeds, West Yorkshire LS9 6DH2
£75K01/230.21 mi14, Compton Row, Leeds, West Yorkshire LS9 6DL2
£80K02/230.21 mi24, Compton Row, Leeds, West Yorkshire LS9 6DL2
£60K02/210.21 mi23, Sutherland Mount, Leeds, West Yorkshire LS9 6DP2
£76K11/210.22 mi7, Brownhill Terrace, Leeds, West Yorkshire LS9 6DX2
£87K02/230.22 mi40, Brownhill Terrace, Leeds, West Yorkshire LS9 6DX2
£100K10/230.23 mi31, Brownhill Avenue, Leeds, West Yorkshire LS9 6DY2
£110K02/230.23 mi21, Brownhill Avenue, Leeds, West Yorkshire LS9 6DY2
£140K07/230.23 mi23, Shakespeare Lawn, Leeds, West Yorkshire LS9 7UL2
£74K05/210.25 mi47, Clifton Terrace, Leeds, West Yorkshire LS9 6ET2
£107K04/230.25 mi41, Clifton Mount, Leeds, West Yorkshire LS9 6EP2
£96K03/210.25 mi13, Ashton Place, Leeds, West Yorkshire LS8 5BP2
£78K03/210.27 mi36, Clifton Avenue, Leeds, West Yorkshire LS9 6EU2
£80K12/220.27 mi33, Ashton View, Leeds, West Yorkshire LS8 5BS2
£60K08/230.28 mi19, Bexley Grove, Leeds, West Yorkshire LS8 5NZ2
£102.5K12/220.29 mi53, Compton Crescent, Leeds, West Yorkshire LS9 6DQ2
£93K09/210.29 mi50, Compton Crescent, Leeds, West Yorkshire LS9 6DQ2
£95.5K07/210.29 mi7, Hudson Street, Leeds, West Yorkshire LS9 6EL2
£110K10/230.3 mi82, Compton Road, Leeds, West Yorkshire LS9 6DG2
£90K12/220.3 mi61, Compton Row, Leeds, West Yorkshire LS9 6DN2
£102K12/220.3 mi70, Compton Row, Leeds, West Yorkshire LS9 6DN2
£125K02/230.3 mi86, Sutherland Terrace, Leeds, West Yorkshire LS9 6DS2
£90.3K07/230.3 mi77, Sutherland Terrace, Leeds, West Yorkshire LS9 6DS2
£111K07/230.3 mi53, Brownhill Terrace, Leeds, West Yorkshire LS9 6DU2
£92K04/210.31 mi17, Ashton Mount, Leeds, West Yorkshire LS8 5BT2
£94.8K03/210.31 mi13, Ashton Mount, Leeds, West Yorkshire LS8 5BT2
£110K09/230.32 mi65, Clifton Terrace, Leeds, West Yorkshire LS9 6ES2
£97K08/240.33 mi42, Ashton Terrace, Leeds, West Yorkshire LS8 5BU2
£131.5K01/230.33 mi33, Ashton Avenue, Leeds, West Yorkshire LS8 5BX2
£98K12/230.33 mi23, Darfield Crescent, Leeds, West Yorkshire LS8 5DA2
£102K07/240.33 mi24, Darfield Crescent, Leeds, West Yorkshire LS8 5DA2
£105K02/240.33 mi18, Darfield Crescent, Leeds, West Yorkshire LS8 5DA2
£83K08/210.34 mi22, Ashton Street, Leeds, West Yorkshire LS8 5BY2
£115K01/230.34 mi38, Ashton Street, Leeds, West Yorkshire LS8 5BY2
£79K02/210.34 mi17, Darfield Street, Leeds, West Yorkshire LS8 5DB2
£83.5K03/210.34 mi49, Clifton Grove, Leeds, West Yorkshire LS9 6HD2
£109K03/230.35 mi31, Darfield Place, Leeds, West Yorkshire LS8 5DD2
£90K09/210.35 mi26, Ashton Road, Leeds, West Yorkshire LS8 5BZ2
£91K03/240.35 mi28, Darfield Avenue, Leeds, West Yorkshire LS8 5DF2
£110K10/230.35 mi15, Cowper Terrace, Leeds, West Yorkshire LS9 7BA2
£115K10/230.35 mi40, Ashton Road, Leeds, West Yorkshire LS8 5BZ2
£80K09/210.36 mi61, Bayswater Place, Leeds, West Yorkshire LS8 5LS2
£104K02/230.36 mi25, Darfield Street, Leeds, West Yorkshire LS8 5DB2
£100K01/240.37 mi17, Darfield Road, Leeds, West Yorkshire LS8 5DQ2
£75K03/210.38 mi81, Bayswater Mount, Leeds, West Yorkshire LS8 5LW2

Local Rents

50 rents from £595/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£87502/250.03 mi-2
£85006/240.13 miStanley Road, Leeds, LS92
£79904/250.14 mi-2
£80004/250.16 mi-2
£59505/240.17 miShakespeare Court, Leeds2
£72405/240.17 miCompton Avenue, Harehills, LS92
£90001/250.2 mi-2
£85005/240.23 miBrownhill Avenue, Harehills, Leeds, LS92
£85005/240.23 miBrownhill Avenue Leeds2
£1,10004/240.23 mi-2
£89503/250.24 mi-2
£75005/240.25 miBrownhill Crescent, Leeds, West Yorkshire, LS92
£1,85004/250.26 mi-2
£85006/240.27 miClifton Avenue, Harehills, Leeds2
£79505/240.27 mi35 Clifton Grove, Leeds, LS9 6EW2
£80005/240.28 miClifton Avenue, Leeds2
£90001/250.28 mi-2
£90003/250.28 mi-2
£90005/240.28 miAshton View, Leeds, West Yorkshire, LS82
£82502/240.29 mi-2
£85001/250.3 mi-2
£90006/240.3 miBexley Terrace, Leeds2
£97504/250.32 mi-2
£80005/240.32 miFlorence Place, Leeds, West Yorkshire, LS92
£94002/240.33 miBexley Terrace, Leeds2
£85005/240.33 miDarfield Crescent, Leeds, West Yorkshire, LS82
£87505/240.34 miClifton Avenue, Leeds, West Yorkshire, LS92
£85005/240.35 miDarfield Place, Leeds, LS82
£85005/240.35 miDarfield Place, Leeds, West Yorkshire2
£85005/240.36 miBayswater Place, Leeds, West Yorkshire, LS82
£90012/240.37 mi-2
£90006/240.37 miEdgware Avenue, Leeds, LS82
£80005/240.39 miConway View, Harehills, Leeds, West Yorkshire, LS82
£85004/250.39 mi-2
£85005/240.4 miConway Grove, Leeds, West Yorkshire, LS82
£92505/240.4 mi-2
£99502/250.41 mi-2
£85004/240.41 mi-2
£95005/240.44 miStrathmore Street, LS92
£75006/240.45 miEdgware Street, LEEDS2
£1,12006/240.45 mi-2
£1,31601/250.45 mi-2
£69505/240.46 miStrathmore Terrace, Leeds, West Yorkshire, LS92
£89005/240.46 mi-2
£1,95012/240.46 mi-2
£1,98002/250.46 mi-2
£1,98004/250.46 mi-2
£75006/240.47 miStrathmore Street, Leeds, LS92
£84502/250.47 mi-2
£90002/250.47 mi-2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.65 miles away

Nearest school

0.20 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £115,000

January 17, 2025

Description

  • Two Bedroom Mid Terrace +
  • Fitted Dining Kitchen, Living Room +
  • Two Double Bedrooms +
  • Modern Bathroom / WC +
  • Double Glazing +
  • Gas Central HEating +
  • Rear Yard / Garden +
  • Some Updating Required +
  • Early Internal Viewing Advised +
  • EPC Rating: E / Council Tax Band: A +

Early internal viewing is recommended for this terraced house situated on a cul-de-sac of similar terraced properties in the suburb of Burmantofts, approximately one and a half miles north east of Leeds City centre. The area surrounding the property is one of mixed uses including several schools and St James' University Hospital.

The property is a mid terraced house dating from the early part of the 20th century and is set over three floors. Briefly throughout if comprises of a LIVING ROOM with stairs rising to the first floor, a FITTED DINING KITCHEN with access to the rear and ample space for a dining table and chairs; a first floor DOUBLE BEDROOM, a BATHROOM / WC with a white suite and a shower over the bath, and a second floor DOUBLE BEDROOM.

Externally there is a small yard to the rear which is bounded by fencing. Parking is on-street.

Although the property benefits from Double Glazing and Gas Central Heating it would benefit from SOME MODERNISATION & UPDATING, this has been reflected in the sale price.

EPC Rating: E / Council Tax Band: A

Ground Floor: -

Living Room: - A part glazed front entrance door, double glazed window, central heating radiator, stairs rising to the first floor

Fitted Dining Kitchen: - An external door giving access to the rear, double glazed window, a range of wall, drawer & base units, work surfaces, built under electric oven / grill, gas hob with an extractor above, stainless steel 1 1/4 bowl sink and drainer, space for a fridge / freezer, plumbing for an automatic washing machine, space for a dining table and chairs, central heating radiator

First Floor: -

Landing: - Access to the first floor accommodation, stairs rising to the first floor

Bedroom One: - Double glazed window, central heating radiator

Bathroom / Wc: - Double glazed window, a modern white suite comprising of a paneled shower bath with a glazed side screen and a plumbed shower above, wash basin, low flush WC, central heating radiator

Second Floor: -

Bedroom Two: - Double glazed Velux window, central heating radiator

To The Outside: -

Rear Yard: - An enclosed rear yard

Epc Rating & Council Tax Band: - EPC Rating: E / Council Tax Band: A

Epc Link: -

Agent Details

Kath Wells Estate Agents, Wortley

0113 519 3022

Next Steps?

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