Potential 4-Bed HMO, Leeds, LS4 2QX £214,950

21 OTLEY ROAD HEADINGLEY LEEDS LS6 3AA - 4 views - 10 months ago
Sold STC
HMO
~93 m²
Property image

ValuationUndervalued

Sold Prices£163K - £261.2K
Sold Prices/m²£1.9K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£264,389
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,738

Stamp Duty & Legal Fees

£7,649

Total Cash In

£61,386

 

 

Cash Out

 

Room Rate

£358

Gross Rent

£1,432

Running Costs/mo

£1,414

Cashflow/mo

£18

Cashflow/yr

£217

ROI

0%

Gross Yield

8%

Local Sold Prices

50 sold prices from £163K to £261.2K, average is £213.3K. £1.9K/m² to £4.8K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£198K06/210.02 mi53, Woodside Place, Leeds, West Yorkshire LS4 2QU3
£261.2K11/210.02 mi47, Woodside Place, Leeds, West Yorkshire LS4 2QU3
£230K11/230.02 mi59, Woodside Place, Leeds, West Yorkshire LS4 2QU3
£231K02/230.02 mi62, Woodside Place, Leeds, West Yorkshire LS4 2QU3
£216K09/230.02 mi51, Woodside Place, Leeds, West Yorkshire LS4 2QU3
£235K03/230.04 mi54, Adwick Place, Leeds, West Yorkshire LS4 2RA3
£170K02/250.06 mi59, Woodside Avenue, Burley, Leeds LS4 2QX3
£170K02/250.06 mi59, Woodside Avenue, Burley, Leeds LS4 2QX3
£250K01/250.06 mi32, Woodside View, Leeds, West Yorkshire LS4 2QS3
£250K01/250.09 mi32, Woodside View, Burley, Leeds LS4 2QS3
£223K01/250.11 mi21, Burley Wood Crescent, Burley, Leeds LS4 2QQ3
£230K05/250.11 mi422, Kirkstall Road, Burley, Leeds LS4 2QD3
£230K05/250.11 mi422, Kirkstall Road, Burley, Leeds LS4 2QD3
£229.3K01/240.12 mi5, Sowood Street, Leeds, West Yorkshire LS4 2JZ3
£190K12/220.13 mi28, Martin Terrace, Leeds, West Yorkshire LS4 2JY3
£240K08/250.13 mi35, Argie Avenue, Burley, Leeds LS4 2QN3
£249.5K05/250.14 mi39, Argie Avenue, Burley, Leeds LS4 2QN3
£249.5K05/250.14 mi39, Argie Avenue, Burley, Leeds LS4 2QN3
£163K06/210.15 mi35, Haddon Place, Leeds, West Yorkshire LS4 2JU3
£185K10/230.15 mi11, Haddon Place, Leeds, West Yorkshire LS4 2JU3
£191K08/230.15 mi22, Haddon Place, Leeds, West Yorkshire LS4 2JU3
£240K11/220.15 mi362, Burley Road, Leeds, West Yorkshire LS4 2RG3
£210K02/250.16 mi40, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QH3
£196K10/230.16 mi56, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QH3
£225K01/240.16 mi16, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QH3
£166K02/230.16 mi54, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QH3
£210K01/230.16 mi92, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QL3
£180K03/240.16 mi60, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QL3
£220K12/220.16 mi1, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£210K09/220.16 mi73, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£209K12/230.16 mi420, Kirkstall Road, Leeds, West Yorkshire LS4 2QD3
£210.6K11/210.16 mi151, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QJ3
£210K11/230.16 mi135, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QJ3
£208K02/230.16 mi105, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QJ3
£166K06/210.16 mi113, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QJ3
£185K12/230.16 mi165, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QJ3
£195K12/240.17 mi87, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£223K01/250.17 mi21, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£185K04/240.17 mi53, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£220K09/230.17 mi75, Burley Wood Crescent, Leeds, West Yorkshire LS4 2QQ3
£192.5K10/230.17 mi47, Argie Avenue, Leeds, West Yorkshire LS4 2QN3
£249.9K06/240.17 mi65, Argie Avenue, Leeds, West Yorkshire LS4 2QN3
£250K06/250.17 mi17, Haddon Avenue, Burley, Leeds LS4 2JF3
£250K06/250.17 mi17, Haddon Avenue, Burley, Leeds LS4 2JF3
£240K05/220.17 mi79, Argie Avenue, Leeds, West Yorkshire LS4 2QN3
£260K12/230.18 mi80, Argie Avenue, Leeds, West Yorkshire LS4 2QR3
£210K02/250.18 mi40, Burley Wood Crescent, Burley, Leeds LS4 2QH3
£230K08/230.18 mi15, Haddon Road, Leeds, West Yorkshire LS4 2JE3
£210.6K06/250.18 mi5, Haddon Avenue, Burley, Leeds LS4 2JF3
£210.6K06/250.18 mi5, Haddon Avenue, Burley, Leeds LS4 2JF3

Local Area Statistics

Population in LS4

9,003

Population in Leeds

635,166

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+26%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £214,950

January 28, 2025

Floor Plans

Property image

Description

  • 3 x Genuine Double Bedrooms +
  • C4 Approved! +
  • Let at £17,172 PA until 2025 Excluding Bills +
  • Popular Letting Location +
  • Close to Headingley, City & Vue Cinema Complex +
  • Well Managed Investment +
  • EPC Rating - D +

A VERY SPACIOUS 3 X GENUINE DOUBLE BEDROOMED GAS CENTRALLY HEATED & UPVC DOUBLE GLAZED BACK TO BACK TERRACE, CONVENIENTLY SITUATED JUST A FEW MINUTES WALK TO EXTENSIVE AMENITIES ON KIRKSTALL ROAD AND WITH EXCELLENT ACCESS TO LEEDS CITY CENTRE, THE UNIVERSITIES & HOSPITALS.

A sensibly priced, attractive investment, ideal for new or established investors and benefiting from a Certificate of Lawful Use for C4, demonstrating a long letting HMO history!! Let to three tenants from 1st July 2024 to 30th June 2025, generating an attractive annunal rent of £17,172 PA exclusive of utilities.

The elevated property briefly comprises a lounge, kitchen, three good sized double bedrooms over four floors and a modern house bathroom & wc. Externally there is an attractive low maintenance garden, enjoying a sunny afternoon aspect and some valuable sitting out space. The property is currently managed by the owners, with no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent.

Internal viewing strongly recommended to fully appreciate this property's generous room proportions and potential to improve to increase rents in future years!

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.
Photographs taken pre-tenancy.

Tenure: Freehold

Possession: Subject to existing Tenancy Agreements

AML: Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.

Agent Details

Castlehill, Headingley

0113 519 7781

Next Steps?

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