2 Bed Bungalow, Refurb/BRRR, Leeds, LS16 7EN, £175,000

Kirkwood Lane, Leeds, LS16 7EN - 1 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
~68 m²
+9 photos

ValuationFair Value

Sold Prices£175.5K - £396.8K
Sold Prices/m²£2.4K/m² - £6.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£176,750

 

 

End Value (After Refurb)

£268,464

Uplift in Value

+53%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£26,951

Bridging Loan Interest

£4,594

Total Cash In

£87,995

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£268,464

Agent Fees (1%)

£2,685

Bridging Loan

£131,250

Bridging Loan Interest

£4,594

Flip Profit

£46,534

Local Sold Prices

50 sold prices from £175.5K to £396.8K, average is £251.9K. £2.4K/m² to £6.6K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£340K09/230 mi2, Kirkwood Lane, Leeds, West Yorkshire LS16 7EN2
£270K07/230 mi31, Kirkwood Lane, Leeds, West Yorkshire LS16 7EN2
£270K04/210.03 mi29, Wrenbury Crescent, Leeds, West Yorkshire LS16 7EF2
£338K10/230.03 mi1, Wrenbury Crescent, Leeds, West Yorkshire LS16 7EF2
£232K03/230.03 mi47, Wrenbury Crescent, Leeds, West Yorkshire LS16 7EF2
£285K07/230.03 mi29, Wrenbury Crescent, Leeds, West Yorkshire LS16 7EF2
£346.5K10/230.07 mi23, Wrenbury Avenue, Leeds, West Yorkshire LS16 7EQ2
£187K02/210.07 mi23, Wrenbury Avenue, Leeds, West Yorkshire LS16 7EQ2
£209K11/200.07 mi4, Wrenbury Avenue, Leeds, West Yorkshire LS16 7EQ2
£257.5K06/240.07 mi4, Wrenbury Avenue, Leeds, West Yorkshire LS16 7EQ2
£325K02/210.08 mi3, Kirkwood Avenue, Leeds, West Yorkshire LS16 7JT2
£222.5K05/210.09 mi14, Kirkwood View, Leeds, West Yorkshire LS16 7EH2
£265K08/240.11 mi130, Green Lane, Cookridge, Leeds, West Yorkshire LS16 7HF2
£245K12/200.11 mi84, Green Lane, Cookridge, Leeds, West Yorkshire LS16 7HF2
£245K09/230.11 mi112, Green Lane, Cookridge, Leeds, West Yorkshire LS16 7HF2
£269.9K09/210.11 mi3, Wrenbury Grove, Leeds, West Yorkshire LS16 7EJ2
£265K12/220.11 mi17, Moseley Wood Crescent, Leeds, West Yorkshire LS16 7HH2
£299.9K04/210.11 mi114b, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£299.9K04/210.11 mi114b, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£215K05/230.11 mi100, Tinshill Road, Leeds, West Yorkshire LS16 7DW2
£229.9K11/210.14 mi18, Moseley Wood Crescent, Leeds, West Yorkshire LS16 7HH2
£280K09/230.15 mi53, Moseley Wood Crescent, Leeds, West Yorkshire LS16 7HH2
£220K05/240.15 mi43, Moseley Wood Crescent, Leeds, West Yorkshire LS16 7HH2
£190K03/230.23 mi41, Dale Park Rise, Leeds, West Yorkshire LS16 7PP2
£223K12/200.24 mi189, Green Lane, Cookridge, Leeds, West Yorkshire LS16 7JL2
£230K11/210.25 mi173, Moseley Wood Gardens, Leeds, West Yorkshire LS16 7JF2
£277.5K05/240.25 mi159, Moseley Wood Gardens, Leeds, West Yorkshire LS16 7JF2
£200K04/230.25 mi137, Moseley Wood Gardens, Leeds, West Yorkshire LS16 7JF2
£300K03/210.26 mi101, Moseley Wood Drive, Leeds, West Yorkshire LS16 7HD2
£205K09/230.29 mi3, Tinshill View, Leeds, West Yorkshire LS16 7AT2
£280K07/230.31 mi23, Moseley Wood Croft, Leeds, West Yorkshire LS16 7JJ2
£240K11/200.35 mi3, Woodhill Garth, Leeds, West Yorkshire LS16 7DE2
£280K05/230.4 mi11, Tinshill Lane, Leeds, West Yorkshire LS16 6BU2
£181K07/210.4 mi47, Tinshill Lane, Leeds, West Yorkshire LS16 6BU2
£237.5K04/210.44 mi3, Grove Farm Croft, Leeds, West Yorkshire LS16 6DE2
£396.8K07/230.45 mi15, Mavis Avenue, Leeds, West Yorkshire LS16 7LJ2
£240K05/240.46 mi30, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BY2
£220K02/210.48 mi89, Grove Farm Crescent, Leeds, West Yorkshire LS16 6BZ2
£246.3K01/240.49 mi127, Tinshill Lane, Leeds, West Yorkshire LS16 6DG2
£204K01/210.49 mi27, Grove Farm Close, Leeds, West Yorkshire LS16 6DA2
£325K09/210.5 mi391, Otley Old Road, Leeds, West Yorkshire LS16 6BX2
£294K06/210.5 mi4, Blackwood Avenue, Leeds, West Yorkshire LS16 7BN2
£293K02/210.53 mi204, Tinshill Lane, Leeds, West Yorkshire LS16 7BL2
£280K03/210.54 mi75, Haven Chase, Leeds, West Yorkshire LS16 6SG2
£227.5K02/240.56 mi15, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£175.5K11/200.56 mi45, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£199K01/210.56 mi39, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£218K07/210.56 mi21, Holly Avenue, Leeds, West Yorkshire LS16 6PL2
£330K03/230.57 mi20, Crag Hill Avenue, Leeds, West Yorkshire LS16 7LU2
£285K12/210.59 mi195, Tinshill Lane, Leeds, West Yorkshire LS16 6EE2

Local Rents

12 rents from £795/mo to £1.2K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95005/240.03 miWrenbury Crescent, Leeds2
£1,00005/240.19 miGreen Lane, Cookridge, LS162
£89505/240.23 miMoseley Wood Drive, Leeds, West Yorkshire, UK, LS162
£1,00005/240.4 miTinshill Lane, LEEDS2
£80006/240.4 mi-2
£80006/240.4 mi-2
£90007/240.4 mi-2
£1,10007/240.53 mi-2
£1,10006/240.53 miHaven View, Leeds, LS162
£79506/240.55 mi6 Holtdale View, Leeds, LS162
£1,20004/240.56 mi-2
£1,20004/240.56 mi-2

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

4.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Price changed to £175,000

March 8, 2025

Listed for £200,000

February 5, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Two Spacious Bedrooms +
  • Well-maintained with Room For Modernisation +
  • Driveway & Garage +
  • Private Low Maintenance Garden +
  • Offered with NO CHAIN +

SUMMARY
This semi-detached bungalow in Cookridge offers an exciting opportunity for modernisation and personalisation. With great space, a fantastic location, and plenty of potential, its ready to be transformed into a beautiful home that suits your style and needs. Offered with NO CHAIN

DESCRIPTION
Nestled in the quiet and popular area of Kirkwood Lane, Cookridge, this charming two bedroom true semi-detached bungalow is a fantastic opportunity for those looking to create their dream home. While in need of modernisation, this well-maintained and cared for property offers a solid foundation, with ample potential to update and add value. Perfect for first time buyers, downsizers, or investors, this bungalow is ready for its next chapter! The property briefly comprises; Entrance hall, spacious living room, fitted kitchen, shower room and two good sized bedrooms. Outside the property benefits from a generous driveway and detached garage providing ample off street parking and additional storage. There is a garden laid to the lawn to the front and paved garden to the rear.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Kirkwood Lane 

Entrance Hallway 
Door to the side

Living Room 17' 8" x 11' 3" max ( 5.38m x 3.43m max )
A good sized living room with gas fireplace, useful cupboard, radiator and window to the front

Kitchen 7' 10" x 8' 3" ( 2.39m x 2.51m )
The kitchen provides a range of wall and base units with worktops over, space for all appliances, vinyl flooring and window to the front and side.

Bedroom One 11' 5" x 9' 6" ( 3.48m x 2.90m )
A good sized double bedroom with integrated wardrobes, radiator and window to the rear

Bedroom Two 8' 8" x 8' 2" ( 2.64m x 2.49m )
A second good sized bedroom with radiator and window to the rear and side.

Shower Room 
The shower room comprises; Walk in shower cubicle, wash basin, low flush wc, heated towel rail, tiled flooring and window to the side.

Outside Space  
Off street parking for multiple vehicles and a detached garage for additional storage.
A lovely, low-maintenance rear garden with plenty of potential for landscaping.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Horsforth

0113 519 0637

Next Steps?

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