2 Bed Flat, Single Let, Leeds, LS12 3DH, £95,000

21 Winker Green Mills, Stanningley Road, Leeds, LS12 3DH - 2 months ago

Leasehold

BTL

ROI: 10%

~68 m²

ValuationUndervalued

Sold Prices	£58K - £173K
Sold Prices/m²	£982/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1.4K/m²
Value Estimate	£115,900£115,900
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,750£23,750
Stamp Duty & Legal Fees	£4,050£4,050
Total Cash In	£27,800£27,800

Cash Out
Rent Range	£650 - £3,575£650 - £3,575
Rent Estimate	£689
Running Costs/mo	£455£455
Cashflow/mo	£234£234
Cashflow/yr	£2,812£2,812
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

30 sold prices from £58K to £173K, average is £112.5K. £982/m² to £2.8K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	06/23	0.4 mi	2, Privilege Street, Leeds, West Yorkshire LS12 4LN	-	-	2	Flat
£65K	04/23	0.42 mi	14, Thornhill Place, Leeds, West Yorkshire LS12 4LQ	£982	66	2	Flat
£108K	11/22	0.47 mi	38, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	-	-	2	Flat
£116.3K	09/23	0.48 mi	18, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,114	55	2	Flat
£112K	01/23	0.48 mi	14, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,059	54	2	Flat
£106.4K	01/21	0.48 mi	26, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£1,970	54	2	Flat
£116K	09/23	0.48 mi	36, Saxstead Rise, Leeds, West Yorkshire LS12 4ND	£2,109	55	2	Flat
£83K	11/20	0.53 mi	10, Masham Grove, Leeds, West Yorkshire LS12 1QT	£1,482	56	2	Flat
£105K	12/22	0.64 mi	19, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ	£1,872	56	2	Flat
£114K	11/22	0.64 mi	17, Tavistock Mews, Leeds, West Yorkshire LS12 4DQ	-	-	2	Flat
£110K	09/23	0.66 mi	25, Blue Hill Lane, Leeds, West Yorkshire LS12 4WD	£2,037	54	2	Flat
£96.5K	08/21	0.72 mi	26, Tavistock Park, Leeds, West Yorkshire LS12 4DD	£1,879	51	2	Flat
£95K	10/21	0.72 mi	8, Tavistock Park, Leeds, West Yorkshire LS12 4DD	£1,656	57	2	Flat
£120K	06/23	0.74 mi	22, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£2,264	53	2	Flat
£97.5K	03/21	0.74 mi	26, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£1,912	51	2	Flat
£120K	11/23	0.74 mi	24, Tavistock Close, Leeds, West Yorkshire LS12 4DJ	£2,324	52	2	Flat
£60K	09/22	0.81 mi	17, Hardrow Road, Leeds, West Yorkshire LS12 4BX	-	-	2	Flat
£173K	07/24	0.88 mi	55a, Cardigan Lane, Leeds, West Yorkshire LS4 2LE	£2,808	62	2	Flat
£90K	10/21	0.89 mi	19, Langton Green, Leeds, West Yorkshire LS12 4EJ	£1,216	74	2	Flat
£58K	03/23	0.89 mi	16, Langton Green, Leeds, West Yorkshire LS12 4EJ	-	-	2	Flat
£169.9K	06/22	0.92 mi	26, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,698	63	2	Flat
£167.5K	04/23	0.92 mi	37, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,617	64	2	Flat
£155K	01/21	0.92 mi	14, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,385	65	2	Flat
£145K	03/21	0.92 mi	35, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,101	69	2	Flat
£160K	06/22	0.92 mi	8, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,759	58	2	Flat
£116.8K	03/22	0.93 mi	6, Abbots Mews, Leeds, West Yorkshire LS4 2AB	£2,124	55	2	Flat
£127K	08/22	0.93 mi	14, Knowle Mount, Leeds, West Yorkshire LS4 2PP	£2,524	50	2	Flat
£125K	07/22	0.94 mi	30, The Village Street, Leeds, West Yorkshire LS4 2PR	£2,404	52	2	Flat
£95K	08/22	0.95 mi	32, The Village Street, Leeds, West Yorkshire LS4 2PR	£1,816	52	2	Flat
£113K	02/24	0.96 mi	28, Knowle Mount, Leeds, West Yorkshire LS4 2PP	£2,211	51	2	Flat

Local Rents

50 rents from £650/mo to £3.6K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£825	05/24	0.01 mi	Winker Green Mills, Stanningley Road	2	Flat
£800	02/25	0.02 mi	-	2	Flat
£825	05/24	0.03 mi	Winker Green, Stanningley Road	2	Flat
£950	01/25	0.05 mi	-	2	Flat
£650	02/24	0.05 mi	-	2	Flat
£850	12/24	0.07 mi	-	2	Flat
£795	02/25	0.07 mi	-	2	Flat
£845	03/25	0.07 mi	-	2	Terraced House
£845	12/24	0.07 mi	-	2	Terraced House
£875	05/24	0.16 mi	Pasture View, Leeds, West Yorkshire, LS12	2	Terraced House
£795	05/24	0.17 mi	Pasture View, Leeds, West Yorkshire	2	Terraced House
£850	05/24	0.19 mi	Hall Road, Leeds, West Yorkshire, LS12	2	Flat
£850	03/24	0.21 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£795	05/24	0.21 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£850	05/24	0.21 mi	Athlone Grove, Leeds, West Yorkshire, LS12	2	Flat
£850	02/25	0.21 mi	-	2	Flat
£795	06/24	0.21 mi	Salisbury Road, Leeds, LS12	2	Terraced House
£795	05/24	0.22 mi	Armley Road, Flat 1, Leeds, West Yorkshire, LS12	2	Flat
£795	05/24	0.22 mi	Armley Road, Leeds, West Yorkshire, LS12	2	Terraced House
£895	02/25	0.22 mi	-	2	Terraced House
£795	05/24	0.23 mi	Paisley Grove, Leeds, West Yorkshire, LS12	2	Flat
£750	01/24	0.23 mi	-	2	Flat
£750	05/24	0.23 mi	Laurel Grove, Armley	2	Flat
£695	05/24	0.23 mi	Chichester Street, Armley, Leeds	2	House
£695	05/24	0.23 mi	Chichester Street, Armley, Leeds	2	House
£950	02/25	0.24 mi	-	2	Terraced House
£900	12/24	0.24 mi	-	2	Flat
£650	05/24	0.26 mi	Cedar Street, Armley, Leeds	2	Terraced House
£845	05/24	0.26 mi	Christ Church Avenue, Leeds, West Yorkshire, LS12	2	Terraced House
£3,575	05/24	0.27 mi	Armley Road, Leeds, West Yorkshire, LS12	2	Flat
£775	02/25	0.27 mi	-	2	Terraced House
£900	01/25	0.27 mi	-	2	Terraced House
£900	01/25	0.27 mi	-	2	Terraced House
£1,800	05/24	0.28 mi	-	2	Terraced House
£1,800	12/24	0.28 mi	-	2	Terraced House
£1,800	12/24	0.28 mi	-	2	Terraced House
£725	05/24	0.28 mi	Nancroft Mount, Leeds, West Yorkshire	2	Terraced House
£725	05/24	0.29 mi	Paisley Place, Armley, Leeds, LS12	2	Terraced House
£850	03/24	0.29 mi	Paisley Terrace, Leeds, West Yorkshire, LS12	2	Terraced House
£650	05/24	0.29 mi	Aviary Place, Leeds	2	Flat
£725	03/24	0.3 mi	Oban Place, Armley, Leeds, LS12	2	Terraced House
£775	01/24	0.3 mi	-	2	Terraced House
£750	12/24	0.3 mi	-	2	Terraced House
£775	06/24	0.32 mi	Paisley Street, Armley, Leeds, LS12	2	House
£725	05/24	0.32 mi	Paisley Street, Armley, Leeds, LS12	2	Terraced House
£825	06/24	0.32 mi	Nancroft Terrace, Armley, Leeds, LS12	2	Terraced House
£775	05/24	0.32 mi	Nancroft Mount, Armley, Leeds, West Yorkshire, LS12	2	Terraced House
£850	06/24	0.33 mi	Greenock Place, Leeds, West Yorkshire, LS12	2	Terraced House
£1,060	05/24	0.33 mi	Wortley Road, Leeds, West Yorkshire, LS12	2	Flat
£870	05/24	0.33 mi	Brooklyn Avenue, Leeds, West Yorkshire, LS12	2	Terraced House

Local Area Statistics

Population in LS12	40,73640,736
Population in Leeds	635,166635,166
Town centre distance	1.50 miles away1.50 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.09 miles away1.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+42%+42%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £95,000

February 20, 2025

Description

2 Double Bed Apartment +
Converted Mill +
Allocated Parking +
Wooden Floors +
Central Location +
Intercom System +
Council tax band - B +
Epc - C +

* 2 BEDROOM FLAT * POPULAR LOCATION * GREAT TRANSPORT LINKS * Stoneacre Properties are delighted to offer to let a recently built, ground floor, two double bedroom apartment located on the central Stanningley Road in Armley. The apartment features interior designed furnishings, modern appliances and is available fully furnished to a high quality. The apartments are part of a converted mill development and feature off street parking, double glazing and modern kitchens/bathrooms.

Lounge -

Bedroom -

Kitchen -

Bathroom -

Lease - We are advised by the vendor that the property is leasehold with an original term of 125 years from 2008. The current service charge is £143.56 per month and ground rent is currently £175 per annum. A buyer is advised to obtain verification from their solicitor or legal advisor.

Agent Details

Stoneacre Properties, Chapel Allerton

0113 519 3709

Next Steps?

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