3 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS12 4SJ, £239,950

Kellett Lane, Leeds, West Yorkshire, LS12 4SJ - 4 views - 2 months ago

Refurb/BRRR
Planning
ROI: 3%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£40K - £255K
Sold Prices/m²£426/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£208,561

 

 

End Value (After Refurb)

£220,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£8,670

Refurb Costs

£36,800

Bridging Loan Interest

£6,299

Total Cash In

£113,506

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,000

Mortgage (After Refinance)

£165,000

Mortgage LTV

75%

Cash Left In

£113,506

Equity

£55,000

Rent Range

£800 - £2,500

Rent Estimate

£1,228

Running Costs/mo

£953

Cashflow/mo

£275

Cashflow/yr

£3,299

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £40K to £255K, average is £187K. £426/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£185K06/210.02 mi20, Kellett Lane, Leeds, West Yorkshire LS12 4SJ3
£255K11/230.02 mi18, Kellett Lane, Leeds, West Yorkshire LS12 4SJ3
£181K12/200.03 mi29, Kellett Road, Leeds, West Yorkshire LS12 4SQ3
£115K03/210.03 mi21, Kellett Road, Leeds, West Yorkshire LS12 4SQ3
£228K06/210.07 mi67, Lower Wortley Road, Leeds, West Yorkshire LS12 4SL3
£143K11/200.07 mi45, Portland Road, Leeds, West Yorkshire LS12 4LT3
£143K12/200.07 mi85, Lower Wortley Road, Leeds, West Yorkshire LS12 4SL3
£209.5K03/230.1 mi47, Kellett Road, Leeds, West Yorkshire LS12 4SG3
£180K07/230.11 mi27, Western Grove, Leeds, West Yorkshire LS12 4ST3
£178K08/210.11 mi28, Ryedale Avenue, Leeds, West Yorkshire LS12 4TQ3
£145K06/230.11 mi11, Greenside Close, Leeds, West Yorkshire LS12 4SB3
£220K09/210.11 mi82, Lower Wortley Road, Leeds, West Yorkshire LS12 4SN3
£225K12/220.12 mi50, Lower Wortley Road, Leeds, West Yorkshire LS12 4SN3
£240K04/230.12 mi19, Walkers Green, Leeds, West Yorkshire LS12 4UN3
£130K02/210.12 mi1, Greenside Terrace, Leeds, West Yorkshire LS12 4SZ3
£160K04/230.12 mi7, Greenside Terrace, Leeds, West Yorkshire LS12 4SZ3
£174K07/210.13 mi2, Manor Road, Lower Wortley, Leeds, West Yorkshire LS12 4UX3
£210K10/230.13 mi20, Fawcett Lane, Leeds, West Yorkshire LS12 4SW3
£171K02/210.13 mi24, Fawcett Lane, Leeds, West Yorkshire LS12 4SW3
£175K03/230.14 mi27, Walkers Lane, Leeds, West Yorkshire LS12 4AP3
£250K09/230.15 mi10, Heaton Avenue, Leeds, West Yorkshire LS12 4AE3
£190K08/230.16 mi18, Kellett Walk, Leeds, West Yorkshire LS12 4AN3
£171K10/200.16 mi4, Kellett Walk, Leeds, West Yorkshire LS12 4AN3
£129.5K01/210.16 mi22, Kellett Walk, Leeds, West Yorkshire LS12 4AN3
£220K04/230.16 mi15, Fawcett Lane, Leeds, West Yorkshire LS12 4PG3
£162.5K02/230.18 mi29, Kellett Crescent, Leeds, West Yorkshire LS12 4AQ3
£233K12/230.19 mi22, Greenville Gardens, Leeds, West Yorkshire LS12 4TB3
£181K05/210.19 mi16, Greenville Gardens, Leeds, West Yorkshire LS12 4TB3
£184K04/210.19 mi1, Greenville Gardens, Leeds, West Yorkshire LS12 4TB3
£192.5K03/210.19 mi12, Greenville Gardens, Leeds, West Yorkshire LS12 4TB3
£183K05/210.2 mi22, Kellett Crescent, Leeds, West Yorkshire LS12 4AQ3
£186K02/210.2 mi21, Kellett Crescent, Leeds, West Yorkshire LS12 4AQ3
£195K03/230.2 mi1, Greenville Avenue, Leeds, West Yorkshire LS12 4TD3
£40K02/240.21 mi45, Dixon Lane, Leeds, West Yorkshire LS12 4RR3
£225K11/200.22 mi18, Greenside Drive, Leeds, West Yorkshire LS12 4SF3
£225K08/230.22 mi11, Lynwood View, Leeds, West Yorkshire LS12 4AB3
£235K11/220.24 mi90, Dixon Lane, Leeds, West Yorkshire LS12 4AD3
£188K06/230.24 mi8, Kellett Mount, Leeds, West Yorkshire LS12 4AJ3
£215K03/240.25 mi149, Dixon Lane, Leeds, West Yorkshire LS12 4AA3
£225K09/230.25 mi145, Dixon Lane, Leeds, West Yorkshire LS12 4AA3
£197.5K01/210.26 mi5, Lynwood Avenue, Leeds, West Yorkshire LS12 4AG3
£178K05/210.27 mi220, Whitehall Road, Leeds, West Yorkshire LS12 4AR3
£170K06/210.27 mi230, Whitehall Road, Leeds, West Yorkshire LS12 4AR3
£200K08/230.27 mi156, Whitehall Road, Leeds, West Yorkshire LS12 4AR3
£248K03/230.27 mi129, Ring Road, Lower Wortley, Leeds, West Yorkshire LS12 6LA3
£190K08/230.28 mi38, Green Hill Lane, Leeds, West Yorkshire LS12 4HA3
£230K03/240.28 mi42, Lynwood Crescent, Leeds, West Yorkshire LS12 4AT3
£107K03/210.29 mi6, Fawcett Close, Leeds, West Yorkshire LS12 4UJ3
£205K07/230.29 mi7, Green Hill Holt, Leeds, West Yorkshire LS12 4HY3
£125K08/230.32 mi3, Fawcett Road, Leeds, West Yorkshire LS12 4UL3

Local Rents

20 rents from £800/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89505/240.11 miGreenside Close, Leeds, West Yorkshire3
£89505/240.11 miGreenside Close, Leeds, West Yorkshire3
£1,05006/240.16 miKellett Walk, Wortley, Leeds3
£1,25005/240.27 miRing Road, Lower Wortley, Leeds3
£2,34901/250.28 mi-3
£1,20005/240.29 miWaveney Road, Leeds, West Yorkshire, LS123
£2,50005/240.31 mi-3
£80002/240.34 mi-3
£1,20005/240.36 miGreen Hill Croft, Leeds, LS123
£99503/250.41 mi-3
£1,40004/250.44 mi-3
£1,25904/240.46 mi-3
£99502/240.47 mi-3
£1,20003/250.5 mi-3
£1,80005/240.51 miSpringwell Gardens, Whitehall Road, Leeds, West Yorkshire, LS123
£99505/240.51 miBlackpool Place, Leeds, West Yorkshire3
£85002/250.55 mi-3
£94502/240.57 mi-3
£1,34504/250.59 mi-3
£85005/240.6 miPinder Street, Leeds, West Yorkshire3

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.94 miles away

Nearest school

0.30 miles away

Nearest train station

1.16 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 £239,950

April 1, 2025

Listed for £249,000

February 14, 2025

Floor Plans

Description

  • Semi-detached family home. +
  • Sat on generous size plot. +
  • Scope to extend. +
  • Through lounge/diner. +
  • Fitted kitchen with scope to make open-plan. +
  • Three double beds. +
  • Good size house shower room. +
  • Would benefit from modernising/updating. +
  • Wrap around lawned gardens & patio. +
  • Driveway parking & detached garage. +

This property offers excellent potential with plenty of room for modernisation, featuring three spacious double bedrooms. Sitting on a generous corner plot, it boasts driveway parking, a detached garage, and private enclosed gardens. Located in a highly sought-after residential street and offered for sale with no onward chain, this is an opportunity not to be missed!

LOCATION
This is a prime residential location where you will find excellent schools to suit all ages, with pre-schools, also Kids Club and Trinity University all on hand. Amble to an array of eateries, bars, shops etc, with supermarket, park, banks etc also on hand. There are gyms, cricket, bowls, rugby, golf, running clubs, and a skate park, something for everybody. For commuters, Horsforth Train Station provides services to Leeds, York and Harrogate. Kirkstall Forge Train Station is located down the A65 and offers further means of convenient access into the City (8 mins) and surrounding areas. The Ring Road (A6120) and the (A65) are nearby and provide main road links to the commercial centres of Leeds, Bradford, York and Harrogate, a regular bus service runs into the City Centre and, for the more travelled commuter, Leeds-Bradford Airport is a short drive away. All in all, this location is sought after by a wide variety of buyers and enjoys a strong sense of community and a thriving village atmosphere.

GROUND FLOOR
You enter the property into a entrance vestibule with staircase to the first floor and door into a light and airy, excellent size lounge dining room which spans from front to back with dual aspect windows providing lovely outlooks to the front and rear. There is plenty of space for sofa seating and dining table and chairs. Feature gas/coal fireplace with stone surround. Access to a fitted cupboard. The kitchen is a generous size with ample storage space. Window overlooks the rear garden and provides lots of light. Fully fitted with wood, cottage style wall, base and drawer units, stainless steel sink, tall fridge freezer and double oven. There is an external door which provides access from the front. Offers potential to knock through and create a large modern, open-plan living, kitchen dining space.

FIRST FLOOR
The property boasts three bedrooms, two are spacious doubles and there is a small double, all with fitted wardrobes providing great storage options. The bedrooms are lovely and light but would benefit from some updating. There is a good size house shower room which incorporates a walk in shower cubicle with mixer, combined sink and WC vanity unit. The walls and floor is fully tiled in ceramics. In need of modernisation.

OUTSIDE
The property sits on a substantial sized plot with wrap around lawned gardens. There is a lovely stone patio seating area to the side, ideal for alfresco dining or BBQs. To the front is driveway parking which leads to a detached garage, perfect for storage. The plot offers so much scope to further extend, subject to any necessary planning permissions.

BROCHURE DETAILS
Hardisty and Co prepared these details, including photography, in accordance with our estate agency agreement.

SERVICES – Disclosure of Financial Interests
Unless instructed otherwise, the company would normally offer all clients, applicants, and prospective purchasers its full range of estate agency services, including the valuation of their present property and sales service. We also intend to offer clients, applicants and prospective purchasers' mortgage and financial services advice through our association with Mortgage Advice Bureau. We will also offer to clients and prospective purchasers the services of our panel solicitors, removers, and contactors. We would normally be entitled to commission or fees for such services and disclosure of all our financial interests can be found on our website.

MORTGAGE SERVICES
We are whole of market and would love to help with your purchase or remortgage. Call to book your appointment today option 4.

Agent Details

Hardisty & Co, Horsforth

0113 519 3380

Next Steps?

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