2 Bed Terraced House, Refurb/BRRR, Leeds, LS12 3NN, £135,000

Park Avenue, Armley, Leeds, West Yorkshire, LS12 3NN - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£75K - £255K
Sold Prices/m²£876/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£112,000

 

 

End Value (After Refurb)

£135,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£26,951

Bridging Loan Interest

£3,544

Total Cash In

£73,945

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,000

Mortgage (After Refinance)

£101,250

Mortgage LTV

75%

Cash Left In

£73,945

Equity

£33,750

Rent Range

£495 - £1,060

Rent Estimate

£863

Running Costs/mo

£614

Cashflow/mo

£249

Cashflow/yr

£2,982

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £255K, average is £118.5K. £876/m² to £4.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£135K05/230.02 mi20, Park Avenue, Armley, Leeds, West Yorkshire LS12 3NN2
£112K03/230.02 mi4, Park Avenue, Armley, Leeds, West Yorkshire LS12 3NN2
£112K05/210.07 mi3, Christ Church Mount, Armley, Leeds, West Yorkshire LS12 3NH2
£134K11/210.1 mi13, Christ Church Road, Leeds, West Yorkshire LS12 3NF2
£127K12/230.1 mi15, Christ Church Road, Leeds, West Yorkshire LS12 3NF2
£85K01/210.14 mi11, Paisley Road, Leeds, West Yorkshire LS12 3JJ2
£98K04/240.14 mi1, Paisley Road, Leeds, West Yorkshire LS12 3JJ2
£95K01/210.17 mi4, Oban Place, Leeds, West Yorkshire LS12 3JT2
£85K11/210.18 mi6, Oban Terrace, Leeds, West Yorkshire LS12 3JU2
£115.5K03/210.18 mi16, Pasture View, Leeds, West Yorkshire LS12 3NA2
£119K03/230.19 mi12, Edinburgh Place, Leeds, West Yorkshire LS12 3RQ2
£106K05/230.19 mi11, Edinburgh Place, Leeds, West Yorkshire LS12 3RQ2
£95.5K05/230.19 mi22, Edinburgh Terrace, Leeds, West Yorkshire LS12 3RH2
£145K10/210.21 mi5, St Ives Mount, Leeds, West Yorkshire LS12 3RP2
£127K01/210.21 mi3, St Ives Mount, Leeds, West Yorkshire LS12 3RP2
£125K06/210.23 mi29, St Ives Grove, Leeds, West Yorkshire LS12 3RR2
£130K11/230.26 mi29, Whingate Grove, Leeds, West Yorkshire LS12 3RD2
£118K08/230.26 mi35, Whingate Grove, Leeds, West Yorkshire LS12 3RD2
£110.5K10/230.26 mi33, Whingate Grove, Leeds, West Yorkshire LS12 3RD2
£125K09/230.26 mi13, Aberdeen Drive, Leeds, West Yorkshire LS12 3QZ2
£90K10/200.28 mi15, Thornton Grove, Leeds, West Yorkshire LS12 3JB2
£105K01/230.31 mi2, Moorfield Avenue, Leeds, West Yorkshire LS12 3RZ2
£165K03/230.32 mi4, Station Crescent, Leeds, West Yorkshire LS12 3EZ2
£151K06/210.32 mi24, Station Crescent, Leeds, West Yorkshire LS12 3EZ2
£107.5K03/230.33 mi62, Whingate, Leeds, West Yorkshire LS12 3HZ2
£255K08/210.33 mi5, Armley Grange Rise, Leeds, West Yorkshire LS12 3QD2
£230K09/210.33 mi1, Armley Grange Rise, Armley, Leeds, West Yorkshire LS12 3QD2
£136K05/230.35 mi36, Station Road, Armley, Leeds, West Yorkshire LS12 3EY2
£141.5K08/210.35 mi2, Armley Ridge Terrace, Leeds, West Yorkshire LS12 2QU2
£255K07/230.36 mi42b, Stanningley Road, Leeds, West Yorkshire LS12 2QS2
£110K03/210.37 mi13, Eyres Avenue, Leeds, West Yorkshire LS12 3BA2
£126K04/230.37 mi16, Eyres Terrace, Leeds, West Yorkshire LS12 3AX2
£109K04/230.39 mi11, Barden Terrace, Leeds, West Yorkshire LS12 3EG2
£110.5K09/230.39 mi23, Barden Terrace, Leeds, West Yorkshire LS12 3EG2
£105K01/230.39 mi24, Barden Mount, Leeds, West Yorkshire LS12 3EF2
£125K04/210.39 mi6, Barden Green, Leeds, West Yorkshire LS12 3TW2
£89.5K02/210.4 mi11, Barden Mount, Leeds, West Yorkshire LS12 3EF2
£132.3K07/230.41 mi1, Rombalds Crescent, Armley, Leeds, West Yorkshire LS12 2BQ2
£122.3K01/230.41 mi12, Rombalds Avenue, Armley, Leeds, West Yorkshire LS12 2BA2
£110K03/230.41 mi2, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£125K04/230.41 mi13, Rombalds Grove, Armley, Leeds, West Yorkshire LS12 2BB2
£106K02/210.41 mi14, Rombalds Grove, Armley, Leeds, West Yorkshire LS12 2BB2
£110K11/210.42 mi8, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£110K11/210.42 mi8, Esmond Terrace, Leeds, West Yorkshire LS12 1XE2
£75K08/230.43 mi27, Salisbury Avenue, Armley, Leeds, West Yorkshire LS12 2AR2
£139K02/230.44 mi23, Addingham Gardens, Leeds, West Yorkshire LS12 3TJ2
£128K07/210.45 mi23, Addingham Gardens, Leeds, West Yorkshire LS12 3TJ2
£205K12/220.45 mi4, Hill End Close, Leeds, West Yorkshire LS12 3PP2
£190K06/210.46 mi47, Gotts Park Avenue, Armley, Leeds, West Yorkshire LS12 2RW2
£103K12/200.46 mi45, Congress Mount, Leeds, West Yorkshire LS12 3DU2

Local Rents

50 rents from £495/mo to £1.1K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£89504/250.01 mi-2
£49505/240.05 miStanningley Road, Armley, Leeds, LS122
£85001/240.05 mi-2
£84505/240.07 miChrist Church Avenue, Leeds, West Yorkshire, LS122
£72505/240.15 miPaisley Place, Armley, Leeds, LS122
£85003/240.15 miPaisley Terrace, Leeds, West Yorkshire, LS122
£75005/240.15 miEdinburgh Grove, Leeds2
£85006/240.16 miGreenock Place, Leeds, West Yorkshire, LS122
£79505/240.16 miPaisley Grove, Leeds, West Yorkshire, LS122
£79505/240.16 miPasture View, Leeds, West Yorkshire2
£72503/240.16 miOban Place, Armley, Leeds, LS122
£79505/240.16 miGreenock Street, Armley, Leeds, LS122
£77506/240.16 miPaisley Street, Armley, Leeds, LS122
£67505/240.17 miEdinburgh Place, Armley, Leeds2
£72505/240.17 miPaisley Street, Armley, Leeds, LS122
£87505/240.17 miPasture View, Leeds, West Yorkshire, LS122
£67503/240.19 miEdinburgh Road, Armley, Leeds, LS122
£75005/240.22 miMoorfield Grove, Leeds, West Yorkshire, UK, LS122
£87502/250.24 mi-2
£85002/250.25 mi-2
£75001/240.25 mi-2
£82505/240.27 miMoorfield Avenue, Armley, Leeds, UK, LS122
£95001/250.28 mi-2
£74502/250.29 mi-2
£82503/250.29 mi-2
£77505/240.29 miArmley Ridge Road, Upper Armley, Leeds2
£1,06005/240.29 miWortley Road, Leeds, West Yorkshire, LS122
£92505/240.31 miThe Towers, Armley, Leeds, LS12 3SQ2
£82505/240.31 miWinker Green, Stanningley Road2
£80002/250.33 mi-2
£82505/240.33 miWinker Green Mills, Stanningley Road2
£65002/240.34 mi-2
£82505/240.36 miThe Courtyard, Stanningley Road, Leeds, West Yorkshire, LS122
£65005/240.37 mi-2
£90001/240.37 mi-2
£90012/240.37 mi-2
£85012/240.38 mi-2
£79502/250.38 mi-2
£84504/250.4 mi-2
£84512/240.4 mi-2
£77506/240.4 miBarden Terrace, Leeds, LS122
£77512/240.4 mi-2
£75005/240.4 miClaremont Place, Leeds, West Yorkshire, LS122
£75005/240.41 mi-2
£85005/240.42 miWhingate Road2
£95002/250.46 mi-2
£85005/240.46 miHall Road, Leeds, West Yorkshire, LS122
£79506/240.47 miSalisbury Road, Leeds, LS122
£77501/240.48 mi-2
£89502/250.48 mi-2

Local Area Statistics

Population in LS12

40,736

Population in Leeds

635,166

Town centre distance

1.78 miles away

Nearest school

0.10 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £135,000

March 1, 2025

Floor Plans

Description

  • No Chain Sale. +
  • Mid-terrace, back-to-back. +
  • Set over three floors, plus cellar. +
  • Two excellent size double beds. +
  • Spacious lounge. +
  • Fitted kitchen. +
  • Cellar for storage. +
  • Three piece house bathroom. +
  • Courtyard to the front. +
  • Parking is on street. +

| For sale with no upward chain | Great investment opportunity | This two double bedroom, back to back terrace is ideal for first home or investors alike. Located on one of the more sought after streets in Armley, only minutes away from Town Street's excellent amenities, schools, the park and with easy access to the city centre. Comprises, entrance vestibule, good size lounge/diner, fitted kitchen & a cellar for storage. Generous main bedroom and three piece house bathroom to the first floor and large dormer bedroom on the second floor with designated bed and dressing areas. Enclosed garden to the front & on street parking. Early viewing is a must for this one!

INTRODUCTION
We are pleased to bring to market this delightful mid-terrace house which will appeal to both first-time buyers and investors alike. Offers a unique opportunity for those seeking a blend of character and potential. Dating back to the early 1900s, this property spans three floors, plus a cellar, providing ample space for comfortable living. Upon entering, you are welcomed into a spacious lounge/diner, perfect for entertaining or relaxing after a long day. The fitted kitchen, while in need of modernisation, presents an exciting opportunity for the new owner to add something to their taste. The first floor boasts a generously sized main bedroom, complemented by a modern house bathroom. The second double bedroom is thoughtfully designed with designated, partitioned sleeping and dressing areas, ensuring privacy and functionality. Outside, the property features a courtyard to the front, ideal for enjoying a morning coffee or evening relaxation. On-street parking is available, providing convenience for residents and visitors alike. Situated close to a variety of amenities, including supermarkets and shops, this home is perfectly positioned for those who appreciate the convenience of urban living while still enjoying the charm of a period property. This terraced house is a fantastic opportunity for first-time buyers or investors looking to make their mark in a vibrant community.

LOCATION
Armley offers excellent commuter routes into Leeds City Centre via the A647 & the B6154 the property is on one of the main bus routes affording easy access to Leeds city centre and the train station.The Armley Gyratory is close by and gives major links to the motorway networks for both the M1 and M62. Leeds Bradford airport is a short car journey away. There are local shops and amenities to be found on Armley Town Street, with further amenities and a Railway Station in neighbouring Bramley. Within a short drive major retail stores can be found along the Ring Road, with the White Rose Shopping Centre close by.

HOW TO FIND THE PROPERTY
SAT NAV - Postcode LS12 3NN

ACCOMMODATION

GROUND FLOOR
Entrance door with top light to...

ENTRANCE VESTIBULE
Perfect to remove shoes and coats. Door into...

LOUNGE/DINER
Spacious sitting room with large window to the front. Space for sofa seating and dining table and chairs. Staircase up to the first floor in the corner. Door to...

KITCHEN
Fully fitted with a good range of wall, base and drawer units, laminate work surfaces and stainless steel sink unit with drainer. Point and space for cooker, washing machine and fridge freezer. Door with access down to the cellar, ideal for storage. Window to the front aspect. Would benefit from modernisation.

FIRST FLOOR

LANDING
Staircase upto the second floor. Doors to...

BEDROOM ONE
A excellent size double bedroom with lovely, original feature cast iron fireplace. Benefits from fitted wardrobes. Laminate wood flooring. Window to the front elevation.

BATHROOM
Generous size bathroom, complete with three piece suite, comprising; panel bath with shower over, pedestal hand wash basin and WC. Part tiled in ceramics. Window to the front provides natural light and ventilation.

SECOND FLOOR

BEDROOM TWO
Positioned up on the second floor, so lovely and peaceful is this spacious double bedroom which is currently partitioned so there are designated sleeping and dressing areas. Stripped and stained floorboards. Window to the front elevation.

OUTSIDE
To the front of the patio is an enclosed, low maintenance courtyard with stone patio. Perfect for sitting out. There is parking on street.

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 our in-house mortgage and protection specialists HARDISTY FINANCIAL. 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 Hardisty Financial to book your appointment today option 3.

Agent Details

Hardisty & Co, Horsforth

0113 519 3380

Next Steps?

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