5 Bed HMO, Leeds, LS4 2NG £285,000

21 OTLEY ROAD, HEADINGLEY, LEEDS, LS6 3AA - 9 months ago
Sold STC
HMO
Inside Article 4
ROI: 9%
~122 m²
Property image

ValuationUndervalued

Sold Prices£189.9K - £805K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~122.20 m²
Price/m²£2.3K/m²

Value Estimate

£338,232
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£19,700

Total Cash In

£90,950

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£2,665

Running Costs/mo

£2,011

Cashflow/mo

£654

Cashflow/yr

£7,848

ROI

9%

Gross Yield

11%

Local Sold Prices

23 sold prices from £189.9K to £805K, average is £310K. £1.7K/m² to £3.3K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£235K07/220.01 mi64, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£210K03/240.01 mi56, Beechwood Terrace, Leeds, West Yorkshire LS4 2NG5
£290K10/210.14 mi22, St Anns Mount, Leeds, West Yorkshire LS4 2PH5
£290K06/230.17 mi12, Newport View, Leeds, West Yorkshire LS6 3BX5
£300K07/250.19 mi5, Stanmore Road, Burley, Leeds LS4 2RU5
£250K01/250.19 mi342, Burley Road, Leeds, West Yorkshire LS4 2NZ5
£242.5K07/240.23 mi18, Mayville Place, Leeds, West Yorkshire LS6 1NE5
£189.9K03/230.31 mi31, Haddon Road, Leeds, West Yorkshire LS4 2JE5
£201K09/230.34 mi78, Harold Terrace, Leeds, West Yorkshire LS6 1LD5
£270K08/210.34 mi2, Thornville Mount, Leeds, West Yorkshire LS6 1JX5
£270K06/210.35 mi33, St Annes Drive, Leeds, West Yorkshire LS4 2SA5
£328K03/240.42 mi25, Welton Grove, Leeds, West Yorkshire LS6 1ES5
£440.1K09/230.49 mi74, St Michaels Road, Leeds, West Yorkshire LS6 3BG5
£463.3K10/220.5 mi20, Estcourt Avenue, Leeds, West Yorkshire LS6 3ES5
£310K10/230.67 mi11, Grimthorpe Street, Leeds, West Yorkshire LS6 3JU5
£470K06/210.77 mi37, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PH5
£356K05/210.79 mi40, Becketts Park Crescent, Leeds, West Yorkshire LS6 3PQ5
£375K02/230.86 mi40, Grove Lane, Leeds, West Yorkshire LS6 2AP5
£530K01/240.86 mi12, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ5
£513K06/210.95 mi18, St Chads Drive, Leeds, West Yorkshire LS6 3QD5
£445K09/230.96 mi6, Victoria Terrace, Leeds, West Yorkshire LS3 1BX5
£805K02/250.97 mi17, Claremont Drive, Headingley, Leeds LS6 4ED5
£445K09/230.98 mi6, Victoria Terrace, Woodhouse, Leeds LS3 1BX5

Local Area Statistics

Population in LS4

9,003

Population in Leeds

635,166

Town centre distance

1.27 miles away

Nearest school

0.30 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+26%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £285,000

May 15, 2025

Listed for £295,000

February 19, 2025

Floor Plans

Property image

Description

  • Very spacious end double fronted terrace +
  • Five double bedrooms, two shower room w/c's +
  • Close to shops & train station +
  • Currently let until 30th June 2026 +
  • Gross rent £27,375 p/a ex bills +
  • Ideal investment, 9.6% gross yield! +
  • EPC Rating - D +

THE PROPERTY IS RE-LET UNTIL 30th JUNE 2026 AT £27,375 p/a EXCLUDING BILLS - A YIELD OF 9.6%!!

A VERY SPACIOUS FIVE BEDROOMED DOUBLE FRONTED END BACK TO BACK TERRACE, CLOSE TO LOCAL SHOPS, PARKLAND, PUBLIC TENNIS COURTS, TRAIN STATION AND WITHIN EASY REACH OF THE HEADINGLEY CRICKET GROUND, EXTENSIVE AMENITIES, SHOPS, BARS AND RESTARAUNTS AND ALSO WITHIN EASY REACH OF LEEDS CITY CENTRE AND THE VARIOUS UNIVERSITY SITES.

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 until 30th June 2025 at £27,375 p/a excluding bills and now re-let from 1st July 2025 until 30th June 2026 at £27,375 p/a excluding bills. The sale is subject to the successful buyer retaining the current lettings management agent, YourNest, for at least the remainder of the agreed tenancies.
The well planned accommodation comprises an entrance hall, lounge and bedroom on the ground floor, a lower ground floor dining kitchen, useful utility room and shower room and w/c, two first floor bedrooms and two further bedrooms on the top floor with another shower room w/c. Externally there are low maintenance gardens to the front with ample on street parking.

The seller has a HMO License until 12th July 2027.

Tenure – Freehold Possession – The property is being sold subject to the 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?

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