Potential 4-Bed HMO, Leeds, LS4 2RJ £215,000

56, Stanmore Grove, Leeds LS4 2RJ - 15 views - 10 months ago
Sold STC
HMO
ROI: 11%
79 m²
Property image

ValuationUndervalued

Sold Prices£164K - £350K
Sold Prices/m²£1.7K/m² - £4.8K/m²

 

 

Square Metres

79 m²
Price/m²£2.7K/m²

Value Estimate

£221,872
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£13,750

Total Cash In

£67,500

 

 

Cash Out

 

Room Rate

£546

Gross Rent

£2,184

Running Costs/mo

£1,580

Cashflow/mo

£604

Cashflow/yr

£7,253

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £164K to £350K, average is £222K. £1.7K/m² to £4.8K/m², average is £2.6K/m².

Price
Date
Distance
Address
Beds
 
£235K04/250.03 mi19, Stanmore Grove, Burley, Leeds LS4 2RJ3
£235K04/250.03 mi19, Stanmore Grove, Burley, Leeds LS4 2RJ3
£240K08/240.08 mi4, St Anns Gardens, Burley, Leeds LS4 2SW3
£216K02/240.08 mi13, Talbot Avenue, Burley, Leeds LS4 2PG3
£216K02/240.08 mi13, Talbot Avenue, Burley, Leeds LS4 2PG3
£216K02/240.09 mi13, Talbot Avenue, Leeds, West Yorkshire LS4 2PG3
£218.5K09/210.09 mi12, St Anns Gardens, Leeds, West Yorkshire LS4 2SW3
£210K08/210.09 mi3, St Anns Gardens, Leeds, West Yorkshire LS4 2SW3
£240K08/240.09 mi4, St Anns Gardens, Leeds, West Yorkshire LS4 2SW3
£230.5K06/230.09 mi25, St Anns Gardens, Leeds, West Yorkshire LS4 2SW3
£246.1K08/210.09 mi6, St Anns Gardens, Leeds, West Yorkshire LS4 2SW3
£240K11/220.1 mi362, Burley Road, Leeds, West Yorkshire LS4 2RG3
£245K02/250.11 mi392, Burley Road, Burley, Leeds LS4 2SN3
£210K08/210.11 mi3, St Anns Gardens, Burley, Leeds LS4 2SW3
£245K02/250.11 mi392, Burley Road, Leeds, West Yorkshire LS4 2SN3
£220K11/220.12 mi383, Burley Road, Leeds, West Yorkshire LS4 2SP3
£287.5K10/240.12 mi41, Stanmore Crescent, Burley, Leeds LS4 2RY3
£278K01/240.12 mi27, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£287.5K10/240.12 mi41, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£265K03/220.12 mi5, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£257K10/220.12 mi5, Knowle Avenue, Leeds, West Yorkshire LS4 2PQ3
£210K12/230.13 mi3, Knowle Avenue, Leeds, West Yorkshire LS4 2PQ3
£330K10/220.14 mi45, Stanmore Crescent, Leeds, West Yorkshire LS4 2RY3
£247.5K08/220.14 mi22, Burley Wood View, Leeds, West Yorkshire LS4 2ST3
£175K09/210.15 mi8, Lumley Terrace, Leeds, West Yorkshire LS4 2NW3
£164K04/240.16 mi14, Stanmore Hill, Leeds, West Yorkshire LS4 2PW3
£270K02/250.16 mi6, Burley Wood View, Leeds, West Yorkshire LS4 2ST3
£290K08/220.16 mi5, St Annes Drive, Leeds, West Yorkshire LS4 2SA3
£350K10/240.16 mi75, Stanmore Crescent, Leeds, West Yorkshire LS4 2SB3
£212.5K07/250.17 mi40, Beechwood Crescent, Burley, Leeds LS4 2LL3
£222K05/250.17 mi11, Knowle Mount, Burley, Leeds LS4 2PP3
£222K05/250.17 mi11, Knowle Mount, Burley, Leeds LS4 2PP3
£179K11/240.17 mi16, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£211K07/240.17 mi8, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£200.1K08/230.17 mi45, Beechwood Mount, Leeds, West Yorkshire LS4 2NQ3
£179K11/240.18 mi16, Beechwood Mount, Burley, Leeds LS4 2NQ3
£167.8K10/220.18 mi10, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£240K03/240.18 mi12, Knowle Road, Leeds, West Yorkshire LS4 2PJ3
£190K12/230.18 mi8, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£182K03/230.18 mi31, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£250K03/230.18 mi18, St Anns Mount, Leeds, West Yorkshire LS4 2PH3
£207K06/240.19 mi150, Kirkstall Hill, Burley, Leeds LS4 2SX3
£350K10/240.19 mi75, Stanmore Crescent, Burley, Leeds LS4 2SB3
£170K02/250.19 mi59, Woodside Avenue, Burley, Leeds LS4 2QX3
£170K02/250.19 mi59, Woodside Avenue, Burley, Leeds LS4 2QX3
£245K08/230.19 mi1, Burley Wood Lane, Leeds, West Yorkshire LS4 2SU3
£202.5K04/250.19 mi13, Beechwood Mount, Burley, Leeds LS4 2NQ3
£202.5K04/250.19 mi13, Beechwood Mount, Burley, Leeds LS4 2NQ3
£250K02/250.19 mi35, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG3
£218K03/240.19 mi52, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG3

Local Area Statistics

Population in LS4

9,003

Population in Leeds

635,166

Town centre distance

1.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+26%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £215,000

January 30, 2025

Floor Plans

Property image

Description

  • Three bedroomed town house +
  • Off street parking +
  • Close to Headingley & train station +
  • Ideal investment or first home +
  • No chain, let until 30th June 2025 +
  • Let at £19,968 p/a inc bills +
  • EPC Rating - D +

A THREE BEDROOMED MID TOWNHOUSE WITH OFF STREET PARKING, VERY CONVENIENTLY SITUATED CLOSE TO HEADINGLEY CRICKET & RUGBY GROUNDS, BURLEY PARK TRAIN STATION AND THE EXTENSIVE AMENITIES, SHOPS, BARS AND RESTARAUNTS IN HEADINGLEY, WITH EASY ACCESS INTO LEEDS CITY CENTRE AND THE VARIOUS UNIVERSITY CAMPUS'.

CLICK ON VIRTUAL TOUR OR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.The property is currently let to three until 30th June 2025 at £19,968 p/a including bills, therefore ideal for continued investment or as a private home.The accommodation in brief comprises an entrance hall, a through lounge with dining area and a kitchen on the ground floor, three bedrooms and a modern bathroom w/c to the first floor. Externally there is a lawned garden to the front with pedestrian access only and a block paved drive to the rear providing parking for at least two cars, accessed via Stanmore Place.

The seller has provided us with over 10 years of historical tenancy evidence letting to three occupants to support C4 HMO use, therefore ideal for investors who may wish to continue letting the property. The property is also ideally suited to first time buyers once vacant possession is obtained at the end of the current tenancy.

Tenure – FreeholdPossession – The property is intended to be vacant possession on completion.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?

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