2 Bed Flat, Single Let, Leeds, LS9 8NQ, £140,000

Echo Central Two, LS9 8NQ - 3 views - 2 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£80K - £400K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£173,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£895 - £4,750

Rent Estimate

£975

Running Costs/mo

£653

Cashflow/mo

£323

Cashflow/yr

£3,870

ROI

9%

Gross Yield

8%

Local Sold Prices

46 sold prices from £80K to £400K, average is £190K. £1.2K/m² to £4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£165K04/210.05 mi36, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£150K09/220.06 mi14, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£160K11/200.07 mi40, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£155K11/200.07 mi8, Bouverie Court, Leeds, West Yorkshire LS9 8LB2
£400K05/210.11 miFlat 1, Boyds Mill, East Street, Leeds, West Yorkshire LS9 8BU2
£234.7K01/240.28 miApartment 4, Spindle House East Street Mills, East Street, Leeds, West Yorkshire LS9 8EY2
£85K06/210.31 mi1, Copperfield Place, Leeds, West Yorkshire LS9 0BT2
£170K04/210.34 miB17 Saxton, The Avenue, Leeds, West Yorkshire LS9 8FE2
£170K10/230.38 miFlat 178, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PU2
£255K10/220.38 mi14, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£363K08/230.38 mi48, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£189.5K03/230.38 mi29, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£165.5K11/210.38 mi5, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£180K09/230.38 mi3, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£200K06/230.38 mi36, Turlow Court, Leeds, West Yorkshire LS9 8PA2
£190K01/230.38 miFlat 117, Mackenzie House, Chadwick Street, Hunslet, Leeds, West Yorkshire LS10 1PT2
£178K02/230.41 miApartment 609, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K12/220.41 miApartment 101, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£240K11/220.41 miApartment 904, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DR2
£195K09/230.41 miApartment 209, The Gateway West, East Street, Leeds, West Yorkshire LS9 8DZ2
£205K08/230.51 mi24, Aire Quay, Hunslet, Leeds, West Yorkshire LS10 1GA2
£192K01/210.54 mi37, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£185K12/200.54 mi16, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£207.8K05/210.55 mi32, Langtons Wharf, Leeds, West Yorkshire LS2 7EF2
£190K08/230.6 mi73, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£195K03/240.6 mi59b, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£200K03/210.62 miApartment 113, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£180K07/230.62 miApartment 110, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£270K03/230.62 miApartment 116, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BT2
£200K06/230.62 miApartment 37, Skyline, St Peter's Street, Leeds, West Yorkshire LS9 8BN2
£185K01/230.63 mi63, Cable Place, Hunslet, Leeds, West Yorkshire LS10 1GB2
£129.5K02/240.65 mi54, Grange Road, Hunslet, Leeds, West Yorkshire LS10 1SY2
£255K07/240.72 mi3, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£164K07/210.72 mi44, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£193.5K12/200.72 mi19, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£195K01/230.72 mi11, Riverside Court, Leeds, West Yorkshire LS1 7BU2
£128K01/230.77 mi23, Gabriel Court, Leeds, West Yorkshire LS10 1DH2
£215K11/220.93 miApartment 2306, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£262.5K01/230.94 miApartment 2308, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£232.5K03/220.94 miApartment 1809, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QT2
£250K03/230.94 miApartment 2502, Bridgewater Place, Water Lane, Leeds, West Yorkshire LS11 5QB2
£80K06/230.95 mi64, Middleton Avenue, Leeds, West Yorkshire LS9 7JH2
£100K08/220.99 mi46, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£110K06/220.99 mi44, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£93K07/221 mi32, Admiral Street, Leeds, West Yorkshire LS11 5NG2
£107K10/201 mi14, Admiral Street, Leeds, West Yorkshire LS11 5NG2

Local Rents

50 rents from £895/mo to £4.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£2,25003/250 mi-2
£3,00005/240 mi-2
£4,50012/240 mi-2
£99501/240.01 mi-2
£2,29502/240.01 mi-2
£2,29505/240.01 mi-2
£2,50012/240.01 mi-2
£1,80003/250.01 mi-2
£1,10006/240.01 miEcho Central Two, Cross Green Lane2
£99502/250.01 mi-2
£89505/240.01 miEcho Central, City Centre, Leeds, LS92
£97505/240.01 miEcho Central Two, Cross Green Lane, Leeds, West Yorkshire, UK, LS92
£1,10005/240.01 miEcho Central Two, Cross Green Lane, Leeds, LS92
£2,43805/240.01 miCross Green Lane, Leeds, West Yorkshire, LS92
£1,05005/240.03 miEcho Central 1, Leeds, LS92
£1,05005/240.03 miEcho Central 1, Leeds, LS92
£2,45005/240.03 miFlat 47 Echo Central 1, Cross Green Lane, Leeds2
£1,09503/250.03 mi-2
£1,30005/240.04 miEcho Central One2
£99512/240.04 mi-2
£99503/250.04 mi-2
£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
£2,80003/250.04 mi-2
£95005/240.04 miEcho Central One 2
£1,02512/240.05 mi-2
£1,02505/240.05 miCross Green Lane, Leeds, LS92
£1,02505/240.05 miBouverie Court, Leeds, West Yorkshire, LS92
£99505/240.05 miBouverie Court, Cross Green Lane2
£1,05005/240.05 mi-2
£3,00012/240.05 mi-2
£92503/250.05 mi-2
£4,75003/250.05 mi-2
£1,05005/240.05 miBouverie Court, Leeds, West Yorkshire, LS92
£1,02505/240.06 miCross Green Lane, Leeds2
£1,40005/240.06 miAire Lofts, Climate Innovation District2
£1,15005/240.06 miX1 Aire, Cross Green Lane, Leeds2
£97505/240.06 miBouverie Court, Leeds, West Yorkshire, UK, LS92
£1,68006/240.07 miAire Lofts, Climate Innovation District2
£1,05005/240.07 miAire, Cross Green Lane, LS92
£1,05005/240.07 miAire, Cross Green Lane, LS92
£1,10005/240.07 miAire, Cross Green Lane, LS92
£1,02505/240.07 miAire, Cross Green Lane, LS92
£1,30006/240.07 miAire, Cross Green Lane, LS92
£1,00006/240.07 miAire, Cross Green Lane, LS92
£97505/240.08 miAire, Cross Green Lane, Leeds, LS92
£1,30005/240.08 miAire, Cross Green Lane, Leeds, LS9 8BJ2
£3,00005/240.08 mi-2
£2,15005/240.08 mi-2

Local Area Statistics

Population in LS9

37,376

Population in Leeds

635,166

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £140,000

February 10, 2025

Floor Plans

Description

  • EWS1 Compliant: B1 Rating +
  • Two double bedrooms +
  • Upper ground floor apartment +
  • Balcony +
  • Secure allocated parking +
  • Lease term 150 years from 2007 +
  • Council tax band C +
  • EPC Rating C +
  • Available chain free +
  • Great access for Leeds city centre +

We are delighted to introduce to the market this immaculate two-bedroom flat, currently listed for sale and ideally situated in Leeds city centre. This property is perfect for first-time buyers looking for a home that combines convenience with comfort.

The flat boasts a well-proportioned reception room that provides ample space for both relaxation and entertainment. It comes with a fully equipped kitchen, ready for immediate use. With two double bedrooms and a modern bathroom, this flat offers a living space that is both practical and stylish.

One of the key features of this property is its lovely balcony. This outdoor space offers a breath of fresh air and provides an ideal spot for morning coffee or alfresco dining. Additionally, the property comes with an added convenience of parking, a feature that is often sought after in city centre dwellings.

The property is in an immaculate condition, reflecting a high standard of maintenance by the previous owners. It has an EPC rating of C, indicating a relatively low energy consumption which is beneficial for both your wallet and the environment. The council tax is categorized under band C.

In summary, this flat offers a perfect blend of city living and home comfort. With its unique features and prime location, it presents an excellent opportunity for first-time buyers. For more information or to arrange a viewing, please do not hesitate to get in touch. 

LEASEHOLD INFORMATION Lease term: 150 years from 1st January 2007 - 133 years remain
Ground rent for 2024 £335.98 pa
Service charge for the apartment for 2025 £1,792.28 pa
Leasehold parking charges £750 per 6 months

EWS1 COMPLIANT - B1 RATING
 

THE PROPERTY  

HALLWAY The L shaped entrance hallway has a useful storage cupboard housing the hot water cylinder and plumbing for washing machine. 

LIVING AREA 23' 11" x 14' 1" (7.30m x 4.30m) max The open plan living area has wood effect laminate flooring throughout, sliding patio doors lead to the balcony and the room benefits from an additional double glazed window. Two electric wall mounted heaters. 

KITCHEN (Open Plan) The open plan Kitchen has a range of modern fitted cream gloss units with contrasting work surface and tiled splashback. Integrated appliances include; electric oven, hob, fridge / freezer and dishwasher. 

BEDROOM ONE 10' 10" x 8' 6" (3.32m x 2.60m) The first double bedroom has a double glazed floor to ceiling window and electric wall mounted heater. 

BEDROOM TWO 11' 9" x 11' 5" (3.60m x 3.50m) The second double bedroom has a double glazed floor to ceiling window and electric wall mounted heater. 

BATHROOM 7' 5" x 5' 2" (2.28m x 1.60m) The bathroom comprises; bath with shower over, hand basin, w.c. and heated towel rail. 

SECURE PARKING The property is sold with one allocated parking space which is attached to the property by a licence. The license is 150 years from 2007. The car park is accessed via remote shutter beneath the development.

Agent Details

Martin & Co, Leeds City

0113 519 4933

Next Steps?

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