2 Bed Flat, Planning Permission, Leeds, LS12 1DF, £170,000

Faroe, Gotts Road, Leeds, West Yorkshire, LS12 1DF - 3 months ago

Sold STC
Leasehold
Planning
ROI: 5%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£83K - £300K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£203,809
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£752 - £2,450

Rent Estimate

£939

Running Costs/mo

£739

Cashflow/mo

£200

Cashflow/yr

£2,399

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £83K to £300K, average is £190K. £1.5K/m² to £3.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£140K04/230.03 miFlat 10, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£172.5K06/210.03 miFlat 24, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£242K07/230.03 miFlat 17, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£188K11/220.04 miFlat 30, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£165K03/230.04 miFlat 44, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£171K12/230.05 miBonaire, Flat 13, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£235K10/220.05 miFlat 33, Bonaire, Gotts Road, Leeds, West Yorkshire LS12 1DL2
£177.5K04/230.05 miFlat 42, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£172K04/210.05 miFlat 13, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169K12/210.05 miFlat 50, Beringa, Gotts Road, Leeds, West Yorkshire LS12 1DE2
£175K04/210.06 miFlat 39, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190.5K01/210.06 miFlat 40, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£169.9K02/210.06 miFlat 8, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£170K12/220.06 miFlat 84, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£225K01/230.06 miFlat 86, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£270K02/210.07 miFlat 29, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£194.5K03/230.07 miFlat 10, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£280K05/210.07 miFlat 34, Westray, Gotts Road, Leeds, West Yorkshire LS12 1DJ2
£185.5K04/210.07 miFlat 38, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£190K02/230.08 miFlat 54, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£176K06/210.08 miFlat 47, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£148K03/210.08 miFlat 42, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£240K10/200.08 miFlat 51, Catalina, Gotts Road, Leeds, West Yorkshire LS12 1DH2
£300K09/230.09 miFlat 79, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£187.5K02/210.09 miFlat 84, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£215K04/210.09 miFlat 43, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£186K08/210.09 miFlat 66, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£160K04/210.09 miFlat 58, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£188K08/230.09 miFlat 57, Faroe, Gotts Road, Leeds, West Yorkshire LS12 1DF2
£220K11/220.1 miFlat 12, Elba, Gotts Road, Leeds, West Yorkshire LS12 1DD2
£270K02/230.13 miFlat 90, Santorini, Gotts Road, Leeds, West Yorkshire LS12 1DP2
£145K07/230.41 mi9, Kendal Walk, Leeds, West Yorkshire LS3 1NP2
£210K08/220.47 mi18, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K08/220.47 mi11, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£175K05/210.47 mi29, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£190K11/210.47 mi7, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£194K10/210.47 mi20, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£210K05/220.47 mi23, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£204K02/230.53 mi32, Butcher Street, Leeds, West Yorkshire LS11 5WF2
£262.5K01/230.64 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.64 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.64 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£215K11/220.64 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£125K10/200.66 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£125K10/200.66 miFlat 1, Berkeley Court, Kelso Street, Leeds, West Yorkshire LS2 9PT2
£83K11/200.81 mi10, Masham Grove, Leeds, West Yorkshire LS12 1QT2
£255K07/240.84 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.84 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.84 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.84 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2

Local Rents

50 rents from £752/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,28005/240.01 miMontague, Gotts Road, Leeds City Centre2
£1,37505/240.01 miMontague, Gotts Road, Leeds City Centre, LS122
£1,09505/240.01 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.01 miMontague, Gotts Road, Leeds City Centre, LS122
£1,25005/240.01 miMontague, Gotts Road, Leeds City Centre, LS122
£1,13505/240.01 miMontague, Gotts Road, Leeds City Centre2
£1,28005/240.01 miMontague, Gotts Road, Leeds City Centre, LS122
£1,33005/240.01 miMontague, Gotts Road, Leeds, LS122
£1,28005/240.01 miGotts Road, Leeds, West Yorkshire, LS122
£1,30506/240.01 miGotts Road, Leeds, West Yorkshire, LS122
£92005/240.01 mi25 Catalina2
£1,20005/240.02 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.02 miAruba, Gotts Road, Leeds City Centre, LS122
£1,17505/240.02 miAruba, Gotts Road, Leeds City Centre, LS122
£1,12505/240.02 miAruba, Gotts Road, Leeds City Centre, LS122
£1,38006/240.02 miAruba, Gotts Road, Leeds City Centre, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,20505/240.03 miWaterside Apartments, Leeds, LS122
£1,20505/240.03 miWaterside Apartments, Leeds, LS122
£1,20505/240.03 miWaterside Apartments, Leeds, LS122
£1,20505/240.03 miWaterside Apartments, Leeds, LS122
£1,20505/240.03 miWaterside Apartments, Leeds, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,25505/240.03 miWaterside Apartments, Leeds, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,25505/240.03 miWaterside Apartments, Leeds, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,24506/240.03 miWaterside Apartments, Leeds, LS122
£1,30506/240.03 miWaterside Apartments, Leeds, LS122
£1,24506/240.03 miWaterside Apartments, Leeds, LS122
£1,30506/240.03 miWaterside Apartments, Leeds, LS122
£1,24506/240.03 miWaterside Apartments, Leeds, LS122
£1,30506/240.03 miWaterside Apartments, Leeds, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,30505/240.03 miWaterside Apartments, Leeds, LS122
£1,20005/240.03 miGotts Road, Leeds, West Yorkshire, LS122
£1,12503/240.03 miGotts Road, Leeds, West Yorkshire, LS122
£1,26505/240.03 miGotts Road, Leeds, West Yorkshire, LS122
£1,20005/240.03 miGotts Road, LEEDS2
£1,10012/240.04 mi-2
£2,45006/240.04 mi-2
£1,10006/240.04 miSantorini, Leeds, LS122
£1,39505/240.04 miCatalina, Gotts Road, Leeds2
£1,09505/240.04 miBonaire, Gotts Road, Leeds2
£1,20005/240.05 miBonaire Gotts Road City Island2
£1,10005/240.05 miBeringa, City Island Leeds2
£75206/240.05 miAPARTMENT 32 Beringa,Gotts Road2
£1,15005/240.06 miFaroe, Gotts Road, Leeds, West Yorkshire, LS122
£99506/240.06 miElba, Gotts Road, Leeds, West Yorkshire, LS122
£1,20005/240.06 miFaroe, Gotts Road, Leeds, West Yorkshire, LS122

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £170,000

March 20, 2025

Listed for £175,000

January 17, 2025

Floor Plans

Description

  • Two bedrooms +
  • Contemporary bathroom +
  • Parking available for £20,000 +
  • Glazed balcony +
  • South facing, canal and city views +
  • 656 sqft in total +
  • Available immediately +
  • On site Concierge +
  • Easy access into and out of the city centre +
  • EPC rating C +

SOUTH FACING 656sqft 6TH FLOOR POSITION glazed balcony AMAZING CITY, RIVER AND CANAL VIEWS large kitchen AVAILABLE IMMEDIATELY

EPC rating C.

Forming part of the popular development of City Island, is this 2 bedroom apartment - which offers well planned accommodation covering 656 sqft.

The open plan living area benefits from not only patio doors, but also floor to ceiling windows which flood the space with light and offers views over the canal below.

The fitted kitchen has gloss white cupboard doors and comes complete with integrated appliances, black worktops and a useful breakfast bar.

Allocated basement parking can be purchased for £20,000 per space.

Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - £200pa (doubles after 50 years and then £400pa for the remainder of the lease)
Service Charge - £1,653pa
Council Tax - Band D
Lease Term - 999 years from 2006
Heating – Electric, via a meter Water - Mains connected, via a meter
Broadband - No issues to report / Mobile – No issues to report
Construction type – Concrete frame
Building Safety – EWS A2 rated
Flood Risk:- No
Planning Permissions:- Yorkshire Evening Post site

THE DEVELOPMENT:-
City Island is a quality residential development, built between the River Aire and Leeds Liverpool canal. There is an on-site Concierge, extensive communal grounds and feature pond with fountains.

This property is well positioned for easy access into and out of the city centre, as well as the bars and restaurants the West End of the city has to offer - with the main train station being a short walk away.

LOUNGE / DINING ROOM:-
The open plan living space is very spacious, light and bright - with wooden floors and floor to ceiling patio doors. The room easily caters for extensive lounging, with access being afforded onto a south facing balcony - offering views over the Leeds Liverpool Canal below and city beyond.

KITCHEN / DINER:-
The recessed kitchen is spacious and well laid out, with a variety of built-in stainless steel appliances, including an electric oven, hob and extractor - as well as a full size fridge-freezer, dishwasher and washer/dryer. The units are gloss white in colour and there’s the added benefit of a handy breakfast bar.

BEDROOM 1:-
The main bedroom is a great size and will allow for a king-size bed, wardrobes and any other required bedroom furniture - as well as a study area if so desired. There’s a large picture window at one end, that offers south facing views over the canal below.

BEDROOM 2:-
The second bedroom is a smaller double, but will still allow for a double bed, bedside tables and a large wardrobe - making it ideal for owner-occupiers and sharers alike. Again the picture window offers south facing city views over the canal below and city beyond.

BATHROOM:-
Mainly tiled in white, with a white suite encompassing a floating toilet and sink, chrome fixtures and fittings, mixer controlled shower over bath and chrome heated towel rail.

Agent Details

Linley & Simpson, Leeds

0113 519 1008

Next Steps?

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