2 Bed Flat, Single Let, Leeds, LS9 8BJ, £150,000

Aire, Cross Green Lane, LS9 8BJ - 7 views - 3 months ago

BTL
ROI: 9%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£187,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£895 - £4,853

Rent Estimate

£1,025

Running Costs/mo

£694

Cashflow/mo

£331

Cashflow/yr

£3,975

ROI

9%

Gross Yield

8%

Local Sold Prices

47 sold prices from £80K to £400K, average is £190K. £1.1K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£400K05/210.04 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£150K09/220.05 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£165K04/210.06 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.06 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.06 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£234.7K01/240.21 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£170K04/210.3 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£255K10/220.31 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.31 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.31 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.31 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.31 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.31 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£170K10/230.31 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£190K01/230.31 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£178K02/230.34 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.34 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.34 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.34 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£85K06/210.38 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£192K01/210.47 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.47 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.48 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£205K08/230.55 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£200K03/210.56 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.56 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.56 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.56 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£190K08/230.64 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.64 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£255K07/240.64 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.64 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.64 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.64 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£129.5K02/240.66 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£185K01/230.67 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£128K01/230.77 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£215K11/220.87 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.87 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.87 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.87 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£80K06/230.94 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£100K08/220.96 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.96 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£93K07/220.97 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/200.97 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£80K12/221 mi23, Shakespeare Grange, Leeds, West Yorkshire LS9 7UA2

Local Rents

50 rents from £895/mo to £4.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05005/240 miAire, Cross Green Lane, LS92
£1,05005/240 miAire, Cross Green Lane, LS92
£1,10005/240 miAire, Cross Green Lane, LS92
£1,02505/240 miAire, Cross Green Lane, LS92
£1,30006/240 miAire, Cross Green Lane, LS92
£1,00006/240 miAire, Cross Green Lane, LS92
£97505/240 miAire, Cross Green Lane, Leeds, LS92
£1,30005/240 miAire, Cross Green Lane, Leeds, LS9 8BJ2
£3,00005/240 mi-2
£2,15005/240 mi-2
£4,50012/240 mi-2
£4,50012/240 mi-2
£2,25001/250 mi-2
£2,25003/250 mi-2
£1,15005/240.01 miX1 Aire, Cross Green Lane, Leeds2
£1,02505/240.02 miCross Green Lane, Leeds2
£2,80003/250.04 mi-2
£95005/240.04 miEcho Central One 2
£99512/240.04 mi-2
£99503/250.04 mi-2
£1,30005/240.04 miEcho Central One2
£1,99505/240.04 miEcho Central One Cross Green Lane City Centre2
£1,10005/240.04 miEcho Central One, Cross Green Lane2
£1,10005/240.04 miEcho Central One 2
£2,45005/240.04 miFlat 47 Echo Central 1, Cross Green Lane, Leeds2
£1,09503/250.04 mi-2
£1,02505/240.05 miBouverie Court, Leeds, West Yorkshire, LS92
£1,05005/240.06 miBouverie Court, Leeds, West Yorkshire, LS92
£99505/240.06 miBouverie Court, Cross Green Lane2
£1,05005/240.06 mi-2
£3,00012/240.06 mi-2
£92503/250.06 mi-2
£4,75003/250.06 mi-2
£99502/250.07 mi-2
£89505/240.07 miEcho Central, City Centre, Leeds, LS92
£97505/240.07 miEcho Central Two, Cross Green Lane, Leeds, West Yorkshire, UK, LS92
£1,10005/240.07 miEcho Central Two, Cross Green Lane, Leeds, LS92
£2,25003/250.07 mi-2
£3,00005/240.07 mi-2
£4,50012/240.07 mi-2
£2,29502/240.07 mi-2
£2,29505/240.07 mi-2
£2,50012/240.07 mi-2
£1,80003/250.07 mi-2
£99501/240.07 mi-2
£1,10006/240.07 miEcho Central Two, Cross Green Lane2
£2,43805/240.07 miCross Green Lane, Leeds, West Yorkshire, LS92
£1,20005/240.07 miPublic Haus2
£1,40005/240.09 miAire Lofts, Climate Innovation District2
£4,85301/250.1 mi-2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £150,000

January 17, 2025

Description

X1 Sales is delighted to present this SUPURB two bedroom, two bathroom apartment at the X1 AIRE Development with parking bay for sale!

Investment Opportunity: Prime Two-Bedroom Apartment in X1 Aire, Leeds City Centre
X1 Sales and Lettings is delighted to present this luxury two-bedroom, two-bathroom apartment located on the fourth floor of the highly sought-after X1 Aire development. Offering a turnkey investment with a tenant in situ, this property generates a rental income of £1,025 per month—an excellent addition to any property portfolio.

Property Highlights
Secure Investment: Tenant in situ providing immediate rental income.
Spacious Living: Two double bedrooms, an open-plan lounge/diner area, and a private balcony.
Modern Kitchen: Fitted kitchen with integrated appliances, including a dishwasher.
Premium Amenities: Two bathrooms, including a master en-suite.
Fully Furnished: Ready to let, with secure allocated parking included.
Development Features
24-Hour Gym: Complimentary access for residents.
On-Site Management: Convenient on-site office and evening security guards.
High-Speed Internet: Hyperoptic internet available for tenants.

Location
Situated in the heart of Leeds City Centre, X1 Aire is highly attractive to working professionals:

Prime Location: A short walk to Trinity Shopping Centre, art galleries, museums, and other amenities.
Transport Links: Approximately 20 minutes’ walk to Leeds Train Station, with excellent road connectivity to the M1, M621, and M62 motorways.

Investment Summary
This property offers a hassle-free investment opportunity, combining strong rental demand with exceptional on-site facilities. The luxury finish, central location, and modern amenities make it a highly desirable choice for tenants, ensuring consistent returns.

Don’t miss this chance to invest in one of Leeds’ most popular developments. Contact us today to learn more or arrange a viewing.

Council Tax - Band - D
EPC Rating - B

Agent Details

X1 Sales & Lettings, Salford

0151 453 8069

Next Steps?

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